Master Your Millions

In this episode, Jason, Scott, and Christina discuss:Building multigenerational wealth Keeping harmony in the family Conflict is a catalyst of change The importance of trust in building wealth Key Takeaways:What’s better than making millions and enjoying it within your lifetime? It’s passing it on to the next generation and equipping them with values and strategies that will allow them to care for that wealth and keep passing it on. The key to creating a multigenerational wealth strategy is to keep the family in harmony. Utilize communication and build relationships with your family like you were building a team. Focus on team culture and structuring the family so that they continue to thrive. Work on your communication with your family. Learn how to handle conflict in a healthy way for it is a catalyst of growth. Inspire a culture of honesty and transparency where people can be open about what they feel and what they’re going through. Only three out of 10 families actually pass money to the third generation and data shows that 85% of the time the reason they were able to successfully do that is because of trust and communication.   "If you're not protecting the most valuable asset, the relationships, then, you know, then you might as well just give it to them and tell them to do what they want because the relationships are the key to having that true impact." — Christina Mangino About Christina Mangino: Her mission is to help successful families achieve significance beyond business, by building a strong relational foundation that ensures their values will be passed down alongside their wealth. Creating a purposeful legacy with multi-generational impact and a heart of generosity. She specializes in Family Relational Coaching, Values-Based Financial Planning, Legacy Planning, Tax Minimization, Asset Protection, Wealth ManagementConnect with Christina Mangino:Website: https://svwealth.com/ LinkedIn: https://www.linkedin.com/in/christinamangino/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Ryan discuss:Figuring out the cost of doing businessStarting a business with passion Side-hustle tips for transitioning from corporate The importance of hiring an expert  Key Takeaways:It is very common for business owners to not fully realize all the expenses that happen in the back end and they end up underpricing themselves. They’ve got to reevaluate their pricing according to their costs and according to their expenses in labor, factoring in taxes, health insurance, and so on. If you’re looking to start your own business, know that passion is a key component that’ll make grant you success in business. Start as early as you can, as long as it is viable. You may one day look back and regret that you didn’t start sooner. If you’re trying to build a side hustle while working a corporate job, you’ve got to learn to move around your lunch hour, to use it every single day to do something for your business. Time is scarce in this phase of transition, you’ve got to make the best use of it, making sure that everything you do moves you closer to leaving your full-time job. When you get to six figures, the first thing you’ve got to do is hire a bookkeeper. Since it’s probably not your expertise, as a business owner, to keep track of all your expenses and revenues, then it would be more profitable for your business if you hire somebody to manage that.   "If you're really passionate about what you want to go into business for, if [you] keep after it, [you’re] gonna have success with it. It was nerve-wracking for me when I first left the corporate environment but at the same time, I wish I would have made the jump sooner because there was a huge opportunity cost that went with me sitting in work all-day." — Ryan Kimler About Ryan Kimler: He is the founder of Financial Clarity LLC was born and raised in the small west-central city of Macomb, Illinois. He received his Bachelor of Science Degree in Accounting and Finance from Illinois State University in Normal Illinois.Connect with Ryan Kimler:Website: https://financialclarityllc.com/ LinkedIn: https://www.linkedin.com/in/ryankfinancialclarityllc/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason and Eileen discuss:What credit does for your businessLooking at your own finances Running an effective businessReleasing baggage around money Key Takeaways:Credit is more than just debit card debt. Debt gives your business, fundability, which is the ability to get capital in order for you to expand your business. It doesn’t matter what business you’re in, it’s an important thing. The first step is to look at your own finances and your own personal credit, you need to look at the cash flow. Your credit score is determined by your credit report and your credit report is determined by your finances. Do what you do best and delegate the rest. You can’t be in two places at once, but you can grow faster and more effectively if you surround yourself with a team. Recognize your relationship with money. What did you learn about it while growing up? What is your outlook on millionaires? If you want to have more, you have to release the baggage that you carry around money.  "The credit score is just the result of what's in your credit report. And your credit report is determined by the behavior that you have towards your finances." — Eileen E. Galbraith About Eileen E. Galbraith: Eileen is a certified FICO Pro and international best seller, best-selling author and speaker and sought-after business coach, and the founder of renewed abundance and credit know-how throughout her career. She has run multimillion-dollar businesses and increased cash flow and profitability throughout her markets. Recognized as a professional business coach, Eileen positions her clients toward optimal possibilities such as optimizing their personal credit to position themselves to build credit in the name of their business. This all-important step opens the doors to financial credibility, fundibility, and business growth. Eileen has a high-energy, no-nonsense approach, and loves supporting people with their goals. Just look for the dancing queen and you will find EileenConnect with Eileen E. Galbraith:LinkedIn: https://www.linkedin.com/in/eileengalbraith/ Book Eileen: www.bookeileen.com   Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Casey discuss:Giving your best and getting ready for luckThe purpose and benefit of setback Embracing failure as a part of business Successful people are sharp  Key Takeaways:Success is all about giving your heart and soul to something, planning your every week, and doing your best consistently for a very long time. Luck does nothing for a person who doesn’t do their best or is not prepared for it. Trails and setbacks in life keep us humble and humility opens our eyes to see opportunities in places we wouldn’t have thought to explore before. Failure is a part of the entrepreneurship journey, don’t be afraid of it. The basic template for startups is to fail fast, fail cheap, and iterate. Faith matters a lot, regardless of your religious beliefs Let yourself shine in your lane and lean into your strengths. Focus on building up growth in the areas that you are good at. Don’t be well rounded, be sharp - have two or three skills and strive to make them world-class.   "The best entrepreneurs that I know embrace failure as a step forward and a learning experience. They just take it as an outcome that happened and reevaluate it, make a new plan, and ultimately - you can't fail, if you won't quit." — Casey Baugh About Casey Baugh: Casey is an active investor, operator, board member, and advisor. During his 13 year tenure at Vivint, Casey played a critical role in sales leadership helping grow revenue from $30M to $1B+ leading to a control investment by Blackstone (NYSE:BX), and successfully transitioning the company from private to public (NYSE: VVNT, VSLR).Co-Founder & Managing Partner of Sandlot Partners, a private investment firm that partners with exceptional founders and management owners. We provide them with growth capital, strategic guidance, and/or partial liquidity. Sandlot investors include leading family offices, founders, partners at other PE funds and strategic HNW individuals. Sandlot has deployed over 350 million dollars since inception. As General Partner and Co-Founder of manufactured housing (“MH”) investment group and asset management platform Vineyards Group / OZ Impact Funds, Casey and his team have provided affordable housing to over 100,000 people while deploying $2.2 billion + across 260 MH communities in 19 states. Casey is also a Co-Founder and Co-Owner of Green Light Restaurant Group which invests in and helps build exceptional multi-unit franchise concepts (i.e., Cup Bop) and select full service restaurants (i.e., Pizzeria 712, Station 22, Communal, Black Sheep Cafe, 5 Star BBQ, Banderra BBQ). As an active early stage & growth investor, Casey has advised and invested in several successful operating companies (i.e., Pura Fragrances, Dental Intelligence, Divvy Pay, Breeze Airways, Gabb, Clicklease, Because market). Casey is regularly sought out by young professionals and students for his ability to mentor and help them navigate and optimize their own career path and enjoys teaching entrepreneurship as an adjunct professor at BYU to undergraduate students. Connect with Casey Baugh:LinkedIn: https://www.linkedin.com/in/casey-baugh-94512095/ Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Doug Sandler  discuss:Avoiding the salesperson-prospect dance Invest in a team and stay in your zone of geniusTransitioning from corporate to self-employmentStop staying busy and start living your life Key Takeaways:Instead of pitching or presenting your product, position yourself as an advisor or a counselor. Someone who desires to listen to their problem and solve their pain point with the solution that you have. Invest in a team and stay in your zone of genius. Doing work that you’re not good at - something outside of your zone of genius - is not only wasting energy that could’ve been put to greater use, it’s also a waste of profit and time. If you want to transition out of a full-time job and into self-employment, then try making just as much money as you are making full-time with your side gig. Don’t put yourself in a desperate position. When you get to your deathbed, you won’t be wishing you had spent more time working in the office, you’ll wish you had spent time more with your family and that you had done the things that you love doing. Don’t wait until it’s too late.  "You'll never get to your deathbed saying ‘I wish I spent another day at the office’.  The lesson is: just spend time doing what you love doing and stop staying busy." —  Doug SandlerAbout Doug Sandler: Doug has interviewed hundreds of business leaders. As co-host of The Nice Guys on Business Podcast and an interviewer, Doug has interviewed digital marketing guru Gary Vaynerchuk, media superstar Arianna Huffington, ABC’s Dan Harris, Celebrity Apprentice Jeffrey Hayzlett, NY Times and Wall Street Journal best-seller Jeffrey Gitomer, and dozens of celebs and business leaders. As an author, Doug’s book, Nice Guys Finish First, is an Amazon best seller. Doug is a nationally recognized speaker and shares his Nice Guy’s relationship-building message with businesses across the country. As Turnkey’s concept development expert, Doug works directly with clients on podcast planning and development.Connect with Doug Sandler:Website: https://turnkeypodcast.com/ LinkedIn: https://www.linkedin.com/in/doug-sandler-1a346649/ Instagram: https://www.instagram.com/djdoug/ Facebook: https://www.facebook.com/dasandler/  Connect with Jason and Scott:Website:     https://henderxcapital.com/masteryourmillionsTwitter:   @MasterYourMsFacebook:  https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Dallin Hart discuss:Negating the high risk from high rewardThe relationship between risk tolerance and successTaking calculated risks  Key Takeaways:If you focus on something high risk and high reward and dedicate yourself to doing more work than everybody else, you’ll get to have a high reward while taking away the high risk. Professional success has little to do with people’s ability, intelligence level, or a knack for things. It has more to do with their risk tolerance. When taking risks, don’t be too greedy or trigger-happy. Mitigate the risk as much as possible and pay attention to what the risk actually could be. Take only calculated risks, don’t be reckless.  "Focusing on something that was high risk and high reward and putting in a lot more time than everybody else took away the risk and kept the high reward." — Dallin Hart About Dallin Hart: Dallin Hart is the President of Sales at Greenix Pest Control. Connect with Dallin Hart:LinkedIn: https://www.linkedin.com/in/dallinhart/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Lila discuss:Why business and family should be integrated Applying the information that you learnedCommunicating financial concepts to kidsDiscovering your own leadership style  Key Takeaways:Business and family shouldn’t be two separate things. They have to be integrated. Being better at business makes you a better parent and being a better parent makes you a better businessman. It is unfortunate that the underlying teaching that schools really give you is to memorize, pass the exam, and move on to the next level. You have to figure out by yourself how you could apply learnings in your daily life. Don’t waste any learning, try to imagine how you could use that information for your good.When talking to kids about financial concepts, the parents have to put it on the kids level. They have to find a way to explain it that’s interesting to the kid. The first step to doing this is listening to the child and find out what their interests are so that you know them enough to be able to communicate in a language they understand. Becoming a good leader isn’t about looking at another person and copying exactly what they do. There isn’t just one way to lead, therefore, lead the way that works for you. Learn from others, take the parts that are aligned to your leadership style, but don’t be a copycat.   "Learn to lead the way that works for you, don’t try to do it just like somebody else that you know." — Lila WohlwendAbout Lila Wohlwend: Lila has been a Real Estate Investor since 2003. She received both the Ohio and the National Professional Housing Provider certification in 2006. She has a Bachelor of Science from Kent State University. She is a licensed Real Estate Broker and Senior Property Manager who has her Apartment Management Specialist designation. She has 17 years of property management experience.  When she is not working with real estate, she home schools her two children and enjoys archery, gardening, and camping. She volunteers with local real estate investor groups and the Boy Scouts to help teach others what she knows. She is a best-selling author and is working on her 2nd book.Lila speaks on how to Manage the Real Estate once you own it. She teaches Delegation, Systematization & Automation and how to hire a good manager. After Managing almost a thousand rentals and having offices in both Canton Ohio and Columbus Ohio, Lila has a unique perspective on how to get good tenants to stay longer, be happier and also to pay rent on time.Connect with Lila Wohlwend:Website: https://www.clearskytrainer.com/ | https://www.clearskyrealty.com/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Shane discuss:Creating time freedom through entrepreneurship Diving in by facing your fears The importance of failing and relationships Setting goals and tracking them  Key Takeaways:One of the best reasons to choose to be an entrepreneur is that at some point, you’ll be able to create time for the significant things in life. Don’t miss out on major milestones in your life. Think about what the worse scenario could be and face that fear. Once you face your fear, it fades away. If you’re having a hard time committing, then face your fear and burn the boats. Failing is a very good thing. Always take your failures as opportunities to learn. Also, relationships are the most important part of anything you do in life. Your network is your net worth. Set clear goals and expectations with your team. You should also be able to set goals for yourself and have a way in which you could track your progress toward your goals. Seeing progress can fuel you and motivate you to keep going when times are tough.   "Time is so much more valuable than the actual dollar amount." — Shane Wilde About Shane Wilde: Currently, Shane either owns or manages, 21 properties that are all used for short-term rentals. Combined, their rentals do over $1 million in revenue annually, with goals to increase that exponentially. They started with just 1 property four years ago and never looked back. He has gained a lot of tips, tricks, tools, and learning experiences that have come from doing it the "hard way". Connect with Shane Wilde:Website: https://thanks.bnbpathway.com/home-page Instagram: https://www.instagram.com/shanemwilde/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

In this episode, Jason, Scott, and Randy discuss:Plan with the end in mind. Having faith in yourself Advice for young peopleDon’t invest blindly  Key Takeaways:Plan with the end in mind. Reverse-engineer your success so that you’ll be able to make better decisions, have better clarity on what you’re doing, and reach success unimpeded by unnecessary delays. Have faith and invest in yourself. Work hard and make your investment in yourself worth it. For young people out there, don’t waste any time. Be educated about finance. Spend time with your family. Markets are not going to be stable for a bit. Make sure your money is in a safe spot. Don’t invest blindly all over the place.   "From every failure came something good on the other side but it only came because of perseverance - just keep going." — Randy TateTry out iFlipinvest and learn more today by clicking on this link: https://iflipinvest.app.link/Wzufbw4dDjb?referralId=Wzufbw4dDjb  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. 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/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com

 In this episode, Jason, Scott, and Preston Dellinger discuss:Real estate is a store of value Going back to your “why” Never stop learning The importance of taking action  Key Takeaways:The longer you hold real estate, the better return. It’s a store of value. The larger your portfolio, the better off you’re going to be in the future. Never stop learning. Seek education from a mentor and find books that will help you level up your knowledge and expertise in your field. You can always correct action, you can never correct inaction.   "If you're going to grow and scale and do big things, you've got to have the right people behind you. In order to achieve growth and continue to grow - it's all about the people." — Preston Dellinger About Preston Dellinger: Preston is the COO and managing principal of Servio Capital. He is an entrepreneur and investor that focuses on multifamily acquisitions with value add components in primary, secondary, and tertiary markets throughout the US. Connect with Preston Dellinger:Website: https://serviocapital.com/ LinkedIn: https://www.linkedin.com/in/preston-dellinger/  Connect with Jason and Scott:Website:   https://henderxcapital.com/masteryourmillionsTwitter:  @MasterYourMsFacebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @MasterYourMsEmail: jasonchem@gmail.com, scott@henderxcapital.com