Randy Tate: Mitigating Risk and Growing Wealth for All with iFlip

About Randy Tate:

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur. He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years, he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies. 

His passion for technology led him to one of the fastest-growing software companies called Infusionsoft, which peaked with over 150,000 software users. As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program. 

Since then, he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company. His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology

In this episode, your hosts, Jason and Scott, together with Randy Tate discuss:

• Money rules - Randy discusses the importance of having rules around how you manage your money and gives examples of some basic rules.
• AI investing at iFlip - How iFlip uses AI to mitigate risk in the stock market by quantifying risk and only being invested when risks are lower. 
• Real estate investing principles - Some basic principles for mitigating risk in real estate investing, like paying attention to interest rates and median incomes.
• Randy's experience building iFlip - The growth of iFlip, challenges during COVID, and vision to empower everyday investors.  
• Feelings about being part of something legendary - Randy's excitement and motivation from being part of building something that could significantly impact how people grow and preserve their wealth.

Key Takeaways:

• Having clear money rules helps ensure your money is working to grow wealth rather than being spent. Randy gave the example of only spending over $10k on assets that can appreciate.
• iFlip's algorithms analyze vast market data to predict downturns and avoid major losses, allowing returns to beat the market over time with less risk. 
• Factors like interest rates and median incomes directly impact real estate values. Paying attention to macro trends like recently inverted yield curves can help time real estate investments better.
• With over 20k users in 9 countries already, iFlip has shown strong growth potential to significantly scale up and empower millions of everyday investors to build wealth through a low-cost AI platform.
• Even small regular investments of a few hundred dollars per month in iFlip's low-fee portfolios could realistically turn into millions over a lifetime without the investor having to take large risks or actively manage their money.

"We're fighting the good fight. And I'm excited about where we're at. And I do wake up every day excited. ” — Randy Tate

Connect with Randy Tate:  

Website: https://iflipinvest.com/ 

Twitter: https://twitter.com/iflipinvest 

LinkedIn: https://www.linkedin.com/in/randytatefws/ 

Connect with Jason and Scott:

Website:     https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs 

Facebook:  https://www.facebook.com/groups/realestateinvestorsofutah 

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

         @jasonihenderson https://www.instagram.com/jason.henderson/ 

Email: jasonchem@gmail.com, scott@henderxcapital.com