Get Rich Education

Compound interest doesn't work in real life.

5% is the average mutual fund investor return, though the S&P returned 10%.

This is for the twenty years ending in 2015 (Source: Dalbar). This is even before taxes and inflation!

Why are 401(k)s failing people? Inflation, emotion, taxes, fees, and volatility.

Emotions make humans sell high and buy low - a recipe for disaster. I discuss how cash flow helps you remove emotion.

Garrett Gunderson of Wealth Factory joins us.

Financially-free people prioritize this way: value, cost, then price.

Economic independence has five levers:

  • Recover cash
  • Engineer wealth
  • Accelerate investment income
  • Scale business revenue
  • Treat yourself as the greatest asset

Behavioral finance is where investing meets emotion.

Facts don’t change people’s minds. I discuss what does.

“Facts are stubborn things. But our minds are even more stubborn.” -John Adams

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Garrett Gunderson:

WealthFactory.com

CashFlowBanking.com

Articles referenced:

Why Investors Get Below Average Stock Returns

Facts Don’t Change People’s Minds. This Does.

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Direct download: GREepisode242_.mp3
Category:general -- posted at: 4:00am EST

Your equity is re-positioned when you make a 1031 Tax-Deferred Exchange.

All at once, you can:

  • Increase your cash flow
  • Increase your leverage ratio
  • Create arbitrage
  • Increase your velocity of money
  • Expand the value of your RE portfolio
  • Do it all with zero tax on the gains
  • Gain geographic diversity

Real estate capital gains tax is higher than many think: 15% - 23.8% Federal, plus State of up to 13.3%, plus Depreciation Recapture.

Californians could pay 37%+ in capital gains tax.

Fortunately for real estate investors, you can defer all of these taxes with a 1031 Tax-Deferred Exchange.

We discuss your 45-day and 180-day timelines, “like-kind”, your Qualified Intermediary, and 1031 traps to avoid.

Columbus, Ohio could potentially be a wise place to exchange your equity into.

Why Columbus?

  • Ohio’s largest city and capital
  • Fortune 500 companies
  • High rents & low purchase prices
  • Growing city
  • Family-friendly suburbs
  • Low cost of living with good incomes
  • 14th-largest U.S. city
  • SFR Rents $800 - $1,300, Prices $80K - $150K

This provider has turnkey rehab operations integrated with management so that you can buy an “all-done-for-you” single-family rental property

Connect with the provider and get their Columbus Investor Report here: www.getricheducation.com/columbus.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Columbus Income Property:

GetRichEducation.com/Columbus

Forbes:

Californians Move, Then Sell

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

 

Direct download: GREepisode241_.mp3
Category:general -- posted at: 4:00am EST

More people are renting. The homeownership rate has declined to 64%, from 69% in 2005. 

Credit score “inflation” has occurred due scoring model changes and a strong economy.

The average FICO score is now 704, a record high.

GDP in Q1 grew 3.2% year-over-year, exceeding expectations.

A new program called the Home Select Loan (All-In-One Loan) operates similar to a 1st Lien HELOC.

Ridge Lending Group President Caeli Ridge & I discuss the details:

  • Line Of Credit for 30 years
  • 80% LTV on home, 70-75% LTV on investment property
  • No principal payments due for ten years
  • Potential interest savings
  • Better liquidity
  • Interest rate based on LIBOR + a margin

Use the simulator to see how much interest you save vs. your current mortgage.

I bring you today’s show from Dallas, TX.

__________________

Want more wealth? 

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Direct download: GREepisode240_.mp3
Category:general -- posted at: 4:00am EST

If you make $110K per year unfulfilled, would you leave that job to make $78K fulfilled? Commentary.

Learn how to put only a 5% down payment on your home, get a great interest rate with conventional financing and pay zero monthly Private Mortgage Insurance (PMI).

GRE Listener Anna Ferntheil joins us. She is a former co-worker of mine at the State Department Of Transportation.

Still at her day job, Ferntheil has bought her first two turnkey properties in Ohio at GREturnkey.com, totalling about $400 of total monthly cash flow.

Rather than “trading her time for dollars” for decades, she’s building passive income streams through real estate.

She now “thinks different”.

Ferntheil stresses the influence of associating with like-minded people.

She’s also investing in our referred Private Money Lending program, cash-flowing agricultural real estate, and moving her retirement to an eQRP (Enhanced Qualified Retirement Plan).

You don’t want “job security”; you want freedom. Security is the opposite of freedom.

Today’s show is coming to you from Anchorage, AK. Next week, I’ll be in Dallas and Houston, TX. The following week, Guatemala City, Guatemala. After that, Portland, OR.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned

Anna’s E-Mail Address:

amferntheil@gmail.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Mortgage Loans:

RidgeLendingGroup.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Program contains a sample of The Notorious B.I.G.’s

“The What” by Bad Boy and Arista Records.



Direct download: GREepisode239_.mp3
Category:general -- posted at: 4:00am EST

1