761: Stephen Nagy | Changing The Way We Do Money and Keeping it in Motion

In today’s episode we have Stephen Nagy, Stephen left his career as a Personal Financial Advisor to pursue his dream of being an entrepreneur and Real Estate Investor. 14 years later, he has never looked back. Stephen has spoken on hundreds of stages across the United States and worked with thousands of students over that time. Living in South Florida with his wife and son, Stephen not only talks the talk but walks the walk every single day, growing his Real Estate businesses and practicing financial strategies like IBC to create a legacy. Alongside Chris Naugle, Stephen is dedicated to helping Money School students learn financial education, how to take back control of their money, and working with them to achieve their dreams. Stephen now shares his experience, education, and strategies through weekly webinar training, live events, and working with clients one on one. with no further ado Let’s Dive in!

Key Highlights:

 

[00:01 - 11:10] Real Estate: A Beautiful Investment Option

• Stephen talks about his journey as a Financial Adviser.
• Real estate is a beautiful, tangible asset that can provide returns on investment.
• How real estate teaches you sales, negotiation, marketing, and other business skills.

 

[11:10 - 22:14] Real Estate Pros Advise Waiting for Pullback

• People should be prepared for a market pullback, and diversify one's portfolios across different types of investments
• Be well-educated about real estate and have a plan in place in the event of a market downturn.
• These Guys Know What They're Doing: Short-Term Real Estate Strategies
• Be cautious when investing money, as there are many scams out there.
• Private Money Lending: A New Way to Take Control of Your Finances
• Private money lending is a process where a bank or other financial institution lends money to a person or business without having to go through the traditional credit approval process.
• Helpful if the person or business has a good track record and the bank is confident in its ability to repay the loan.
•  

[22:14 - 35:44] Backward Bicycle: Is it Hard to Change the Way We Do Money?

• People are resistant to change, especially when it comes to their finances.
• They think that being an entrepreneur, real estate investor, or banker is too hard and they would rather just have an easy life.
• Concept of reprograming our mindset on how we ride Bicycles.
• Changing the way you think, opens many new doors and many avenues for you and it’s amazing where it leads to.
•  Shares his work with Chris Naugle
•  

[35:45 - 40:09] Closing Segment

• Building a Powerful Financial Legacy
• Random round

 

Want to connect with Stephen? You can follow him on Facebook, and Instagram

or watch him with Chris Naugle on Youtube.

 

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Tweetable Quotes: 

 

“If I treat money kind of like a sport. It just becomes a game, when you learn how to play a game when you get coaches to teach you a game, it not only becomes a lot of fun, which makes you want to do more and more of it. But when you get good at it, what does a good competitor do? They win.” – Stephen Nagy

 

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