Master Your Millions

In this episode, Jason, Scott, and Shannon discuss:The difference between real estate and a jobHow learning about tax affects your businessBeing a student of the tax code  Key Takeaways:The real estate career is a very satisfying, and tax-advantaged career that will allow you to have the kind of life that you want. A job is something that somebody’s agreed to pay you just enough to get you to give up on your dreams. Tax should be the very first thing to talk about and not the very last. By doing that, you’ll be able to change your lifestyle from always looking for more work to then looking for additional opportunities to create passive income. Accountants aren’t there to help plan your life, but to account for it. You’ve got to be a student of the tax code and get connected with people who are good at demystifying the tax code in order to be able to get the most out of your own money.   "I don't do all the structural calculations on my buildings, I hire a specialist for that. Do the same thing with your taxes. You can read a book on it to get a general understanding, but you really need to be using the specialists." — Shannon RobnettAbout Shannon Robnett: Shannon has been in the real estate industry for 27 years. He has been involved from start to finish on over $250MM in construction projects covering the gamut from multi-family, professional office buildings to City halls, fire and police stations, schools, industrial and mini storage. As a developer with over 25 years of personal and hands-on development and construction experience, few in this industry are more dedicated to delivering numerous passive income streams to their syndicate partners. Along with my knowledgeable and dedicated team, we at Shannon Robnett Industries (SRI) create a second-to-none investor experience.Connect with Shannon Robnett:Website: https://shannonrobnett.com/ Email: connect@shannonrobnett.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 Dr. Jason discuss:How business pervades career pathThe two goals of starting a business Finding solutions for money problems The two ways to earn money  Key Takeaways:Even if you’re a medical professional, you still need to be a good businessman in order to succeed. An entrepreneur has two goals: to make a profit and to provide value or impact the lives of their clients. Those goals can be done at the same time. The classic solution to any problem was to work harder and put more money into the bucket but that bucket could have holes. You have to have an honest look at your life to find where those holes are so that you could plug them. There are only two ways to earn money and that’s people at work and money at work. You can work hard and earn, but at some point, you’ve got to have your money working for you or alongside you.   "No matter what field you're in, you're always selling something." — Dr. Jason West About Dr. Jason West: He loves helping people have a better life. He helps people that are out of time, out of options and haven't responded to medical care and get their lives back. He believes that no single medical professional knows everything. By striving to learn, he finds little tidbits of information, procedures, or treatments that give him and his team that extra "something" to help patients.Connect with Dr. Jason West:LinkedIn: https://www.linkedin.com/in/askdrwest/  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 Austin discuss:How franchising makes starting a business easier The purpose of making money Tips for expanding and networking Leaving a legacy behind  Key Takeaways:Franchising makes it easier to get started in a business. You don’t have to invent a system, it’s all already created. They teach you step-by-step what works, what doesn’t and the pitfalls to avoid. Having time is a bigger deal than having money. You can always get more money, but you can’t ever get more time. Make your money work for you by giving you more freedom to spend time on what truly matters. Your number one concern when networking should be in providing value. Take that thing that you’re good at and be a resource for people, whether in knowledge, service, guidance, or partnership. Life is not only about the here and now, it’s also about the future and the legacy that you leave behind.   "Think of the one thing that you can do today to get started. It may take you a week, it may take you a month, but just get started. Because it's just gonna snowball from there and you're gonna feel confident in taking action. You may lose, but you're gonna learn from your failures, just keep moving forward." — Austin Whitney About Austin Whitney: Austin is an insurance agent, franchise investor, and family man. 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 Jaiden discuss:The lifestyle of graduated workers Finding alternative income streams The importance of building a team around youTracking your day-to-day tasks  Key Takeaways:The youth need to be informed of what kind of lifestyle they’re signing up for when pursuing a degree. It’s not something that works for everybody. If you want more time with your family and you’re looking for alternative income streams, real estate might be for you. It would take some effort to get started, but it’s the best for people who want to have a less constrained lifestyle. You don’t have to be good at everything, you just have to be good at finding the right people for the job. Hone that skill and surround yourself with a team to succeed.Be mindful of what you’re doing on a day to day, track it, and monitor it. Through this, you’ll know if you’re making progress. Also, if you’re not tracking it, you can’t improve it.  “Teams are critical to finding success." — Jaiden Olsen About Jaiden Olsen: As a creative finance specialist and apartment acquisition expert, he actively creates, finds, and closes deals. He focuses on apartments 5-50 units. He is currently the co-owner of Ballpark Properties. Connect with Jaiden Olsen: Website: https://www.ballparkprops.com/ LinkedIn: https://www.linkedin.com/in/jaidentolsen/  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 Brian discuss:Why people are afraid to niche themselvesRunning with your niche Surrounding yourself with a teamLearning to check your ego  Key Takeaways:Business owners are afraid to niche themselves because they think they need a wide target market. However, it’s been proven time and time again that it’s so much more effective to reach out to and attract a specific kind of target audience. Once you find a niche, run with it. When you’ve become an expert in a field, lean into it and find a way to inject your own uniqueness into it. The only way to truly win is to win together with others. You can’t be good with everything, you need to surround yourself with a team and trust them. Learn how to check your ego. Don’t let it get in the way of the collective success of the team. Ego is a motivator, it allows you to take pride in things and to keep you going but if you let it control you, it’s going to sabotage your success.   "Winning for the team and the mission and the organization is going to feel way better in the long term. It's going to have a way better payday, everybody's going to be happier. You need to put yourself and your selfishness aside and focus on the long term." — Brian LittlefieldAbout Brian Littlefield: He is an experienced entrepreneur with a demonstrated history of success in the consumer products industry. Skilled in Product development, Leadership, Management, Public Speaking, and Project Management. Strong business development professional with a Bachelors (B.A.Sc.) in Business Administration and Management. Connect with Brian Littlefield: LinkedIn: https://www.linkedin.com/in/brian-littlefield-52933450/  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 Jacob discuss:Building one thing at a time Focus and priority Always seek to add valueThe mindset for raising capital  Key Takeaways:Focus on building one thing at a time. People have many responsibilities and goals; they often get pulled towards different directions and make no good progress in anything. That’s why you’ve got to focus on building one thing at a time. Don’t go into a day blind. Have a plan and a focus. Detail exactly what’s going to be your priority at various times in the day and be in the moment. Always seek to add value to others with whatever skill set you have and in every opportunity that you could. That’s how you build influence, create connections, and show people you can be trusted. When you’re raising money for capital, put the pitch in the right mindset. You’re not asking anybody for money, you’re giving them the opportunity to invest.   "You don't have to do it perfectly. We're all just trying to get 1% better each day. But if you're trying to focus on too many things, you're not going to get anything done." — Jacob Salazar About Jacob Salazar: From military to real estate, he's done it all in between. He's a master of putting together syndicated apartments, he started a company called Ambitious Capital, and they just acquired a bunch of units out in North Carolina that he is in the trenches on right now. He's also a master when it comes to building a team and finding partners. 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 Marlon discuss:Why you should have an estate plan Building your estate plan around a trustWhen should you start planning? Building wealth that lasts  Key Takeaways:Everybody has an estate plan. It's either going to be the one you put together or the government's. When you fail to plan, the estate plan that’s in place will not be the one that you want.You need to build your estate plan around a will and a trust. Wills can be changed and interpreted differently by a judge. A trust is more or less irrevocable since it’s a legal document. Estate planning must be done as early as 18 years old. People don’t realize that you can’t actually make decisions for your child if they become invalid in the hospital unless it’s specified. Have a long-view perspective when it comes to wealth. Build wealth that lasts throughout generations. Don’t work your whole life creating wealth only to lose it in the end.   "It's really about finding people that can help you build your trust that think even beyond just that next generation, I wanted to create one that was multi-generational." — Marlon MuellerAbout Marlon Mueller: He grew up as a farm boy in Iowa who became a multimillionaire. Today, he is an investor, speaker, and mentor. Marlon has been in insurance, all types of real estate including flips, rentals, be-the-banker, storage and now syndication, and he continues to study asset, tax and estate protection 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 Eric discuss:Examples of creative financing Breaking the limits of your creativity The three things you must do to be successfulBalance versus integration Key Takeaways:The most probable reason why people aren’t able to buy their first property is that they can’t think outside of the box. When nobody wants to finance you, you have to be very creative and find a way to put a deal together. Have a mindset of always wanting to help other people solve their problems. Think outside of the box - to the point where the box simply doesn’t exist anymore. Don’t limit yourself, don’t limit your creativity. Ask people what they want and keep asking. They will lie to you because most of the time, they lie to themselves. Is price really the most important thing for them? Find out what they really want, go get it, and give it to them at a profit. You can’t just work 40 hours a week and then raise a child in the little hours you have left, you’ve got to do it all at once. Not by juggling or balancing, but by fully integrating every aspect of your life with one another.   "Find out what they want, go get it, and give it to them at a profit. If you do those three things in that order, you can accomplish anything you want in life." —  Eric Wohlwend About Eric Wohlwend: Eric has been a full-time Real Estate Investor since 2003.  He received both the Ohio and the National Professional Housing Provider certifications in 2006.  He has been a Real Estate Agent since 2010.  He has repositioned more than 1000 multi-family residential units.  He is IREM CPM trained & has a Bachelor of Science from Kent State University.  In the last two decades, Eric has used millions of dollars of private money to finance hundreds of multi-family units, single-family homes, about a dozen storefronts, a few mobile home parks, a storage facility, and part of an airport.  He specializes in finding deals that are “On Sale”, then buying and managing his managers.  Eric’s ability to find deals in creative ways and then fund them through alternative funding sources has led to a huge expansion during the crash of 2007-2009.  When banks stopped lending money to small investors, he developed a network of over 50 private lenders to finance new deals.  He currently controls millions of dollars of real estate.  He has owned everything from  Houses to Airports and Vending machines.  He still has single-family and multi-family residential properties as well as commercial real estate.Connect With Eric Wohlwend: Website: https://www.clearskytrainer.com/ LinkedIn: https://www.linkedin.com/in/ericwohlwend/ 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 Maeli discuss:Committing yourself to education Having a team to help you through the first jobLife is all about solving problems Don’t end the story in failure Key Takeaways:Accumulating wealth starts by committing to truly educating yourself and not just pretending like you know what you’re doing. You also must surround yourself with people with the lifestyle and career that you want to have. People in the business are typically afraid of their first job. It helps to have a team around you that will support you, guide you, and help you understand things you need to know like what the risks are and how you could work through them.Even experts encounter problems. Wherever you are in your career, it’s always about how well you can solve these problems. It’s all about surrounding yourself with the right people and having the right mindset. You only ever fail if you end the story in failure. Pick yourself up and don’t give up. There’s always an answer to every problem, you just have to find it. Learn from your mistakes, and better, learn from others' mistakes.   "Just learn. Because what you don't know will hurt you. And you might as well learn from somebody else's mistakes." — Maeli Nelson About Maeli Nelson: She is a highly sought-after Real Estate Professional, specializing in investment acquisition. She has a background in business and Sales Coaching. Her mission is to inspire others to thrive under pressure and to endure life’s hardships in our constantly changing world. She is a passionate coach who has the gift to motivate others to obtain financial freedom through proven business systems to bring about true happiness. With over 12 years of coaching experience, Maeli has dedicated her life to awakening and empowering individuals to achieve personal and professional success in many arenas.Connect with Maeli Nelson: Website: http://maelianelson.com/ Instagram: https://www.instagram.com/maelianelson/ LinkedIn: https://www.linkedin.com/in/maeli-a-nelson-b1655266/  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:What is a round-trip investment? How you can get paid on a good round trip investmentGetting to the next level The secret to real estate Key Takeaways:A round trip is when you go from acquiring property to refinancing the property and then selling the property. You've gone through the full cycle of the property.There are five ways to get paid in a good round-trip investment. First, you get paid on preferred returns. Second, you get paid through cash flow. Third, you can get paid through refinancing the property. Fourth, you can get paid through depreciation. Lastly, you’ll also get paid once you sell the property. If you want to go to the next level. You better surround yourself with people that are on the next level. Pick their brain, study their habits and emulate them. See how you could apply their principles in your life or create principles of your own out of their ideas. The secret to real estate is location and population. Look into whether the location you’re looking at has a positive migration - meaning more people are going in than going out. See whether there is diversification in the industry.   "I believe that if you set a goal, then one thing that holds you accountable to that goal is to put it out there" —  Ryan EnkAbout Ryan Enk: Ryan is a husband and father of 5 in the New Orleans area. Mr. Enk has purchased 1000+ units of cash following assets and brings a large amount of experience and knowledge with him. Ryan and his partner have done 3 round-trip investments totaling over $100 million and are currently working on deals within their $100 million diversified multifamily fund. His role within Servios Capital is to provide vision and focus for acquisitions, ensuring Servio Capital’s operations agree with the mission/vision and have a heavy hand in investor relations.Connect with Ryan Enk: LinkedIn: https://www.linkedin.com/in/ryan-enk-3137428/ Instagram: https://www.instagram.com/ryanenk/  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