Get Rich Education

#94: Self-Directed IRAs and Checkbook IRAs potentially enable you to invest your IRA funds into income real estate, coffee farms, a vacation home, gold, a business, and more.

But there are rules to follow.

Today’s guest made an educational video to help you learn about this: www.premierlawgroup.net/gre

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:52  Your Individual Retirement Account (IRA) doesn’t have to be invested in mutual funds.

03:47  Even if you don’t own an IRA, you want to know this in case you aggregate other investors’ money.

05:20  Right after college, Keith admits he actually used to think it was smart to invest in 401(k)s and IRAs. Once enlightened, he tore it down.

07:23  Keith tells you who his Self-Directed IRA custodian is.

12:52  Mauricio Rauld Interview.

14:27  What is a Self-Directed IRA (SDIRA)?

16:17  With a SDIRA, what can you invest in? What’s prohibited?

20:08  Checkbook IRAs.

21:40  What a custodian does. What your limitations are.

24:28  Liquidity - how fast can you use your IRA funds?

25:42  Planning. It’s often best to fund your SDIRA with one larger lump sum.

27:11  Real estate leverage and a SDIRA.

29:53  LLC protection with Checkbook IRAs.

31:05  One option is to just dismantle your IRA.

32:40  Traditional vs. Roth IRAs.

35:00  How you actually set up a SDIRA / Checkbook IRA.

 

Resources Mentioned:

www.premierlawgroup.net/gre

CorporateDirect.com

NoradaRealEstate.com

MidSouthHomeBuyers.com

GetRichEducation.com

Direct download: GREepisode94_3.mp3
Category:general -- posted at: 4:00am EDT

#93: U.S. Single-Family Homes rented as income property could be the best investment class on earth today. Here’s why, and here’s how to be strategic about it.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:15  Most people mistakenly think “real estate investing” means “house flipping.”

04:06  Keith is now a Contributing Author at Kiyosaki’s Rich Dad Advisors blog.

06:35  The S&P 500 Index recently closed at an all-time high. Who cares?

08:50  Size of the U.S. single-family rental market.

10:15  Demographic demand for SFHs.

12:35  SFHs: low cost, time value of money, liquidity, divisibility, school district.

16:00  Buy in 3-5 geographic markets.

18:42  Good turnkey providers avoid property in “war zones.”

23:04  Recession resistance.

23:42  Condominiums.

24:53  No common walls mean problems are confined.

25:57  Utilities, tenant quality, tenant psychology.

27:46  Autonomous cars and technology.

31:20  Rent-To-Value (RV) Ratios.

32:01  Single-Family Income Property “poetry.”  

Resources Mentioned:

Keith’s first Rich Dad Advisors blog article

CorporateDirect.com

NoradaRealEstate.com

MidSouthHomeBuyers.com

LittleRockTurnkey.com

GetRichEducation.com

Want a free GRE logo decal? Just write a podcast review. Here’s how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

Direct download: GREepisode93.mp3
Category:general -- posted at: 4:00am EDT

#92: Garrett Gunderson is our guest today. A polished and articulate speaker, he leads Wealth Factory to help you build wealth with limited risk.

He helps you find spendable cash that you didn’t even know you had. He tells you why 401(k) plans are awful.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:33  Garrett was kicked off CNBC for telling the truth about stocks and diversification.

05:12  Where Garrett’s “abundance mindset” began. His upbringing in coal-mining Price, Utah.

08:30  A millionaire is not financially wealthy. Think bigger.

11:04  “Financial planners” and “advisors” are just commission-based salespeople.

12:45  Myths to avoid.

15:15  Long-term, stocks return zero or post negative returns.

19:42  Cash flow matters more than net worth.

21:02  Your four types of expenses.

27:03  Discover your “Investor DNA.”

30:33  “Budget” should be a swear word.

33:00  How Get Rich Education differs from Dave Ramsey.

34:59  401(k) plans are terrible.  

46:10  Find Garrett at WealthFactory.com.

Resources Mentioned:

WealthFactory.com

CorporateDirect.com

NoradaRealEstate.com

MidSouthHomeBuyers.com

GetRichEducation.com

Want a free GRE logo decal? Just write a podcast review. Here’s how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

Direct download: GREepisode92_1.mp3
Category:general -- posted at: 4:00am EDT

#91: While a rich man digs for gold, a poor man is concerned with the cost of a shovel.

Learn how to think like a wealthy person, and make it actionable.

Learn what Keith did during his typical week. Doing this yourself will build your wealth.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

02:50  Most financial advice is flawed and limiting.

04:14  Are you living your dreams or living your fears?

06:50  Delayed gratification.

09:00  401(k)-type contributions crush your current lifestyle. So what’s the answer?

12:38  Why would anyone contribute to a 401(k)?

15:13  Here’s exactly what Keith did this week himself that can build your wealth.

18:17  Actionable step on how to increase your property’s cash flow. (Loss runs.)

24:54  Keith applied for a 100% loan-to-value HELOC on his own home. He wants every last penny of equity pulled out of his home. Here’s why.

30:42  Refusing a REIT advertisement.

31:57  A smart GRE listener has these two great questions for Keith: reserves, cutting expenses, living below your means.

38:35  A new way to think about real estate problems.  

40:04  Looking for turnkey income property? Do this.

 

Resources Mentioned:

CorporateDirect.com

NoradaRealEstate.com

MidSouthHomeBuyers.com

GetRichEducation.com

Want a free GRE logo decal? Just write a podcast review. Here’s how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

Direct download: GREepisode91.mp3
Category:general -- posted at: 4:00am EDT

#90: Harry Dent is our guest today. His fantastic predictions - like the Dow Jones cratering to 6,000 by early next year - get noticed because the depth of his research is so extensive.

Harry authored the popular book “The Demographic Cliff.”

Learn what Harry thinks about demographics, markets, and cash-flowing real estate in the turmoil ahead.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

04:11  Why it is more difficult than ever to make economic predictions today.  

06:06  Stock markets are overvalued and due for a fall.

07:40  Demographics are powerful in making predictions.

08:03  Money printing.

09:50  Dow Jones Industrial Average to 6,000 by early next year?

11:45  Renting property for positive cash flow.

13:27  Vacancy rates - U.S., China.

14:33  Real estate bubble? What do you do?

16:08  Predictions: Real Estate vs. Stocks.

17:30  Demographics’ historic influence on real estate.

20:58  The two reasons for buying real estate today.

24:00  More people are renting homes rather than buying homes.

29:34  How bad will the economic crash get?

33:25  Don’t keep money in the bank or gold, but in this surprising place!

37:43  Gold to $700 an ounce in the next few years? $400?

39:28  The Demographic Cliff.

42:30  Can technology save us from an economic crash?

 

 

Resources Mentioned:

HarryDent.com

CorporateDirect.com

NoradaRealEstate.com

MidSouthHomeBuyers.com

GetRichEducation.com

Want a free GRE logo decal? Just write a podcast review. Here’s how at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: Info@GetRichEducation.com for your decal.

Direct download: GREepisode90.mp3
Category:general -- posted at: 4:00am EDT

1