Master Your Millions

In this episode, Jason, Scott, and Oscar discuss:How to build competence in real estateSeeking a mentor How failure leads to opportunities Two best tips for venture capital Key Takeaways:Whenever your niche is real estate, venture, or franchising it’s important to build competency.  When you’re starting from zero, the best way to go about it is to surround yourself with people and build a team. You have to seek relationships with potential mentors. Opportunities to meet great people that have the ability and willingness to guide you rarely fall freely into your lap, you have to find those opportunities. People tend to play safe when it comes to investing as they are afraid to lose. They don’t realize that in that loss is where experiences are made and those give you the ability to see opportunities that you wouldn’t have seen otherwise. In venture capital, you’ve got to have the expertise and deep knowledge about the area of your business. You also have to have a network of experts in that field you can trust and that can give you advice on the business.  "Your network is your net worth." —  Oscar MarquinaAbout Oscar Marquina: He is a strategy and operations professional, with experience leading teams and organizations through enterprise transformations and turnarounds. He has experience setting up organizational structures and management processes to enable companies to rapidly scale and growth.He is committed and passionate about diversity and inclusion. He served on the board of directors of non-profits and is a frequent speaker on topics at the cross-section of diversity, economic landscape, and technology.Connect with Oscar Marquina:LinkedIn: https://www.linkedin.com/in/omarquina 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 Ethan discuss:The best way for mentors to teach their studentsThere are more paths to life How Ethan bought his first property at seven years oldHow to get what you want out of a negotiation Key Takeaways:If you’re a mentor, you must give the one you’re guiding a chance to take action on their own. You must be available to provide guidance when needed, but able to give them enough space and not be holding their hand as they explore. There are more paths to life than just “go to school, get good grades, and get a job”. We’ve got to be more open-minded about the potential for financial freedom in the area of real estate investing and encourage this idea in our inner circles. Through creative financing, you can buy real estate for cheap. If a seven year old could do it, anyone can do it! To get what you want in a negotiation, you need to figure out what the other person wants first. This could take a couple of conversations to uncover, but once you know what they want only then can you start creating a solution.  "Another really important lesson is, is you don't need to know exactly how to do all of these. You just need to have an open mind and know who to ask. Or as my brother would say, be creative and take action." — Ethan WohlwendAbout Ethan Wohlwend: Ethan Graduated with his Ohio Professional Housing Providers certification in November 2019 at just 9 years old! That made him the youngest graduate ever, and one of only 2 minors to ever graduate. His company owns 38 units at this time and is constantly growing. He started investing at 5 years old and has been buying real estate since he was 7.  He is currently 12 years old and in 8th grade. He currently invests in real estate, gold, and crypto-currencies.Ethan also likes to ride ATV’s on the family farm, spend time with his family, and fly airplanes… but his dad has to land because he can’t see over the dashboard or reach the pedals. He is also a public speaker and an author. Check out Ethan’s book, The Tree House, by ordering from this link: https://www.amazon.com/Treehouse-Ethan-Wohlwend-ebook/dp/B0BL8922M8/ Connect with Ethan Wohlwend:Website: https://www.clearskytrainer.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 Austin discuss:Listening to your intuitionMoney is not happinessAsking for help is a sign of strength Battling guilt, anger, greed, and jealousy Key Takeaways:Learn to listen to your intuition as sometimes it will guide you right into the opportunity that you need in order to progress and grow. Money is not in itself happiness, it’s a tool that you can use to create opportunities and options for more freedom in your life. This freedom can be used to do the things that you want to do and live the life you want with the people that you love with less worries. Stop correlating reaching out with weakness, especially for men out there. Asking for help is not a sign of weakness, but of strength and maturity. Guilt, anger, greed, and jealousy are four main enemies that people struggle with. It’s important to know what weapon you can use to battle them and how to guard your heart once you’ve won the battle because the battles are going to keep coming, it doesn’t end.   "Money is not happiness, it’s a tool that you can utilize to create opportunities and to create options for more freedom in your life." — Austin LeFevre About Austin LeFevre: He was born in Mesa, Arizona, yet when he was two years old and moved to Vegas where he essentially grew up. After serving a mission for his church, he entered the United States Air Force and worked in intelligence for 10 years. After that time, he decided to go to college and his was at BYU for several years in pre-med, it was a dream of his to become an orthopedic surgeon. One night, he got to talking to his wife, they had two children, and another one was on the way. It seemed like they never got to see each other and time really was an issue. They realized that that path would probably be a very long path before they started to have more time together. Since then, they've had another one, he's now a father of four. He decided to drop out of college and become an entrepreneur and he has been very successful. Connect with Austin LeFevre: Facebook: https://www.facebook.com/warriorethoslife/ Instagram: https://www.instagram.com/warriorethoslife/Website (Work In Progress): https://warriorethoslife.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 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