Summary

In this episode, Ryan shares his journey from being a pharmacist to achieving financial independence through real estate investing. He has a net worth of $1.7 million mostly in Real Estate. He discusses his unique strategy of renting properties by the bedroom, which significantly increased his cash flow. Ryan reflects on the challenges he faced with his first property, the importance of leveraging loans, and his plans for future growth in the real estate market. He also emphasizes the value of mentorship and teaching others about real estate investing, providing insights and advice for aspiring investors.

Takeaways

• Ryan retired at 31 through real estate investing.
• He bought one property a year, focusing on student rentals.
• Renting by the bedroom significantly increased his cash flow.
• Ryan learned from his mistakes, losing $30,000 on his first property.
• He uses DSCR loans to finance properties without W-2 income.
• Ryan aims to reach 100 doors in his portfolio.
• He teaches others how to invest in student housing.
• Choosing the right college markets is crucial for success.
• Every year you wait to invest pushes back your timeline.
• Ryan underwrites deals based on cash flow, not appreciation.

Sponsored by:

Shopify

Shopify.com/unveiled

Prizepicks.com

Code: Millionaire

Summary

In this episode, Gustavo shares his inspiring journey from Brazil to Australia, detailing his experiences as a software developer and investor. He discusses his initial foray into Bitcoin, the importance of diversifying investments across different countries, and the challenges he faced while adapting to a new culture and language. Gustavo also reflects on his family's financial growth and the lessons learned along the way, emphasizing the significance of changing one's environment and seeking different perspectives.

Takeaways

• Gustavo moved to Australia to learn English and improve his life.
• He has a net worth of $1.3 million, largely due to Bitcoin investments.
• Investing in Bitcoin was not initially planned but became a significant part of his portfolio.
• Diversification across Brazil, Australia, and the US was crucial for financial stability.
• Gustavo faced challenges adapting to life in Australia, including language barriers.
• He emphasizes the importance of financial literacy and investment education.
• Gustavo's wife became more involved in investments after hiring a financial advisor.
• Growing up in Brazil, financial literacy was not a common topic.
• He believes changing one's environment can lead to significant personal growth.
• Gustavo encourages learning from others' mistakes to avoid making the same ones.

Sponsored by:

Zocdoc

Zocdoc.com/millionaire

Prizepicks

Prizepicks.com Code: Millionaire

Summary

In this episode, David, founder and CEO of One Wealth Advisors and executive chairman of a restaurant company, shares insights into his financial journey, including his net worth, investment strategies, and experiences in the restaurant industry. He has a net worth of over $10 million spread across business, Real Estate and market investments. He is in his late 50's. He discusses the importance of asset allocation, the role of real estate in wealth building, and the nuances of financial planning. David emphasizes the significance of serving others and the balance between concentration and diversification in wealth management. He also reflects on personal experiences and lessons learned throughout his career.

Takeaways

*David Steele is the founder and CEO of One Wealth Advisors.
*He has a substantial portion of his net worth tied up in private companies.
*Concentration creates wealth, while diversification preserves it.
*Real estate plays a significant role in his net worth.
*He advises clients to keep six months of expenses in cash.
*David emphasizes the importance of being a fiduciary in financial planning.
*He has successfully built a restaurant business alongside his financial practice.
*David believes experiences with loved ones are worth spending on.
*He started his financial planning practice in 1991.
*David's journey reflects the balance between passion and business acumen.

Sponored by:

Indeed.com/unveiled

Shopify.com/unveiled

Summary

In this episode, Marcus shares his journey as an educator and principal, detailing his financial growth, including his net worth and debt-free journey. He has a net worth of $1.3 million plus a sizable pension that could put his net worth closer to $3 million. A nice chunk is in real estate, the pension and then other investments. He discusses the importance of inheritance and family wealth transfer, his career path in education, and his future goals, including retirement planning and multi-generational wealth. Marcus emphasizes the significance of financial literacy and experiences over material possessions, providing insights into his life and financial philosophy.

Takeaways

• Marcus has been an educator for 24 years and is also an author.
• Marcus and his wife embarked on a debt-free journey four years ago.
• They paid off three houses in under four years and all their cars.
• Marcus plans to retire at 50 and mentor principals on a voluntary basis.
• He has a doctorate and teaches aspiring principals at the college level.
• The couple aims to build multi-generational wealth for their children and grandchildren.
• Marcus emphasizes the importance of financial literacy for youth.
• He believes experiences are the best way to spend money.
• Marcus's financial overhaul was influenced by reading Dave Ramsey's principles.

Sponsored by:

shopify.com/unveiled

Summary

In this conversation, Courtney shares her journey to building a net worth of $2.7 million. Most of it is in real estate but does have some in other assets. She dives into her investing strategy, emphasizing the importance of diversification between real estate and retirement accounts. She discusses her evolving strategies to achieve financial independence, focusing on cash flow and ROI.

Courtney is in her late 30's and also highlights the significance of aligning financial goals with lifestyle choices and offers insights for those starting their investment journey. She discusses the importance of networking, her decision to invest in Michigan, and how she balances her career in healthcare IT with her real estate endeavors. Courtney also touches on her experience with the stock market and her future goals for financial independence.

Takeaways

*Started investing in various accounts and leveraging tax strategies.

*Maxed out Roth IRA every year as salary increased.

*Believes in not putting all eggs in one basket.

*Sees real estate and stock market as separate avenues.

*Focuses on cash flow to replace income gradually.

*Does not have a target number of doors, prioritizes cash flow.

*Aims to take home $85,000 a year for a comfortable lifestyle.

*Enjoys her job but is open to part-time work.

*Emphasizes the importance of networking in real estate.

*Encourages starting early in investing.

*Her investment portfolio includes both real estate and stock market assets.

*She has 10 rental properties, primarily single-family homes and one duplex.

*Networking played a crucial role in her success in real estate.

*Courtney's initial investment was influenced by her father's advice.

*She transitioned from considering grad school to investing in real estate.

*Her first property was purchased during a market downturn.

*Courtney balances her career in healthcare IT with real estate investing.

*She aims to reduce her full-time work hours in the future.

*Investing in the stock market has been a strategic choice alongside real estate.

Summary

In this conversation, Steve shares his journey from modest beginnings in Utah to becoming a successful investor with a diverse portfolio that includes oil and gas, real estate, and a payments company called ProPay that has since sold. He discusses his investment strategies, the importance of patience and liquidity, and the lessons learned from various market cycles. Steve emphasizes the significance of quality assets and cash flow in building wealth, while also reflecting on the challenges and opportunities he encountered throughout his career. In this conversation, he shares insights on managing debt and risk in business, the journey of entrepreneurship, and the importance of writing 'Rich Routines' to impact future generations. He emphasizes the need for a balanced life, the value of hard work, and the significance of financial education for children. The discussion also covers effective charitable giving and concludes with wisdom on delayed gratification and emotional intelligence in decision-making.

Takeaways

*Steve's investment strategy focuses on quality assets that produce cash flow.

*He emphasizes the importance of patience in investing, especially during market cycles.

*Investing in oil and gas requires caution due to the complexity and potential for fraud.

*Real estate investments can be lucrative, especially during market downturns.

*Self-storage has been a successful venture for Steve due to its low overhead and demand.

*ProPay's success came from pivoting to serve a niche market in multi-level marketing.

*Liquidity is crucial for taking advantage of investment opportunities when they arise.

*Steve's approach to real estate involves getting cash back quickly through refinancing.

*He believes in the importance of location when investing in real estate.

*Steve's journey illustrates that hard work and adaptability can lead to success in various industries.

*The sooner you can lease it up, the sooner you can refinance.

*If you get a good asset that's generating income, why would you want to sell it?

*Writing a book was never on his bucket list.

*The premise is figuring out the life you want to live.

*All five areas of life are really important: spiritual, physical, emotional, mental, and financial.

*If you live your 20s like few people will, you can live like few people can.

*Teaching kids financial literacy starts early with allowances.

*Giving money away effectively is hard and requires scrutiny.

*Delayed gratification is key to managing emotions.

Sponsored By:

Indeed.com/unveiled