The Infinite Wealth Podcast

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast In our previous episode we interviewed American Economist, Robert Murphy; during this interview he predicted the American economy will experience a recession in July of 2020. Today we discuss 10 steps you can take to protect yourself from an upcoming recession. Some topics discussed include: -Maintain a positive attitude -Analyze your current job -Are you financially prepared to take care of loved one's -Review your monthly expenses -Pay down high interest debt -Review major spending plans -Boost your credit score -Get a line of credit -Start a side hustle -Build your opportunity fund Check our on-line course at www.InfiniteWealthCourse.com Resources: Sign up for the Investors tool kit http://bit.ly/LGinvestorstoolkit What is Land Flipping all about? Find out here: http://bit.ly/LGTookKit

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast In today's podcast we interview American Economist, Robert "Bob" Murphy. A short list of his many accomplishments include having a PhD in Economics from New York University, he's a Senior Fellow with the Mises Institute, he's on the Board of the Nelson Nash Institute, he is the author of hundreds of articles and several books on Economics and in addition he hosts two podcasts: "The Bob Murphy Show" and "The Lara-Murphy Show." During this episode we discuss the following topics: A brief overview of the differences between Austrian and Keynesian Economics How Austrian Business Cycle Theory explains the boom/bust cycle of the American Economy What is Quantitative Easing and why is it bad? What is the Inverted Yield Curve and why does it happen? Bob tells us WHEN and WHY to expect the next RECESSION TO HIT the US Economy Check our on-line course at www.InfiniteWealthCourse.com Resources: Chart illustrating correlation between QE and S&P 500 Bob's October 2007 article talking about impending recession: Podcasts: The Bob Murphy Show: The Lara-Murphy Show Books: Choice by Robert Murphy Economics in One Lesson by Henry Hazlitt

In this episode, we share a couple highlights from the IBC Think Tank - David Sterns, Nelon Nash's son-in-law, shared what generational wealth transfer means -How was it being the first year without Nelson - IBC is all about "How you think." by R. Nelson Nash - Economic Outlook by economist, Robert Murphy Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Resources: -Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC -Inverted Yield Curve https://en.wikipedia.org/wiki/Yield_curve - Video on Paying Cash vs IBC

This episode we interview real estate expert, Zach Walkerlieb of The Walkerlieb Group w Coldwell Banker. Zach pulls out his "crystal ball" for 2020 and we discuss: - We start with the important question first: "Is Tom Brady buying a house in Las Vegas?" - What Zach learned from underwriting for properties for investors - Zach's few on what will happen with appreciation for real estate - What makes the US an attractive investment for foreigners? - How to find out information about zip codes you are looking to invest in? - What questions to ask your "real estate" team - Overview how a tax-free 1031 Exchange works - How to get comfortable investing outside of your local market - Where interest rates are going? - Advantages of higher interest rates - Has the new tax rules impacted people from buying a house? - What makes real estate such an attractive investment - Are there hundreds of empty homes owned by banks and investors, waiting to be sold? The books Zach recommended: Fake by Robert Kiyosaki What is the Future and Why Its Up to Us Lifespan: Why We Age and Why We Do Not Have To by David A. Sinclair Sapiens and Homo Deus by Yuval Noah Harari You can reach Zach at 702-743-9988 www.WalkerLiebGroup.com Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast

Schedule your 15 minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast On pages 48 of Becoming Your Own Banker Nelson Nash states "premiums and income should match." Nelson often taught in parables and often used the phrase "it's all about how your think." This is an example of Nelson giving us an idea without much direction on how to execute it. In this episode we outline our three rules for how/when to expand your banking system and we also provide a practical example of what it looks like. Resources: "Expanding Your Banking System" 15 year vs 30 Mortgage: Which is best?

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our on-line course at www.InfiniteWealthCourse.com In this episode, we welcome Darrel Evans, Co-Founder of Yokel Local and Host of the MindShift Podcast. We discuss ways people can shift their mindset from an employee to that of an entrepreneur. What is an Entrepreneur's Mindset....its a way of thinking that enables one to overcome challenges, be decisive and accept responsibility for one's outcomes. Topics include: Fear: How it affects the decisions we make Accountability: Everything is dependent upon you Resiliency: Must learn to deal with mistakes and failures Humility: Willingness to learn from others. Can't be arrogant and learn at the same time Constructive Criticism: Business is a series of unending course corrections Quotes: "Prosper where you are planted" – D. Evans "Life (and business) is a series of challenges. When you complete one challenge you get rewarded with another." - C. Christiansen Resources: https://www.themindshiftpodcast.com/ https://www.yokellocal.com/ The E-Myth by Micahel Gerber Cashflow Quadrant by Robert Kiyosaki Think and Grow Rich By Napoleon Hill The Power of the Subconscious Mind by Joseph Murphy Psycho-Cybernetics by Maxwell Maltz

Schedule your 15-minute call with Anthony or Cameron here: https://calendly.com/infinitewealth/15mincall On today's episode we interview Mark Podolsky aka "The Land Geek." Mark has completed in excess of 5,400 land transactions over the last 20 years. He shares with us how he got started, how he's been able to scale his business while working just a few hours a week and he tells us WHY he teaches other investors how to do the same. In addition, you will learn how he was able to create enough passive income to leave his investment banking career in just 18 months. Topics discussed include: Solo-Economic Dependency: What is this and why is Mark is on a mission to rid the world of it Mark explains the 5 step process of Flipping Land How the last financial crisis affected his business and what he would do differently Mark tells us that to be successful in this type of business you need to have skills: (1) You must enjoy getting a good deal and (2) Embrace the suck How much capital is needed to get started Land Flipping? He tells us how he's been able to automate 90% of this business and only work a few hours a week Next Steps: Investors Launch Kit https://bit.ly/LGLaunchKit Land GeekBoot Camp (Las Vegas Aug 7th – 9th) Flight School Flight School LIVE Quotes: This business model is simple but not easy – Mark P. Resources: https://www.thelandgeek.com/ https://www.thelandgeek.com/bootcamp/ Dirt Rich by Mark Podolsky www.InfiniteWealthCourse.com Profit First by Mike Michalowicz **We use affiliate links. If you decide to buy something we may receive compensation from those companies

Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast In this episode we discuss one of the most commonly asked questions: "What should my premium(s) be?" Clients often struggle with this question when they first initiate a policy; We provide a general rule of thumb we've used when helping clients determine what their premiums should be. Also, we discuss other considerations for policy design such as how much a client is saving, cash sitting in checking/savings accounts, expected windfalls, etc.....Each of us provide a case study for listeners to better understand what goes into policy design. Why client should view premiums as a "deposit" rather than an expense Why it's important for clients to understand the flexibility they have when paying premiums How much are you currently saving Are you expecting any windfalls Is there any cash sitting in savings accounts earning 0% General Rule of Thumb when determining Premium's: 10x's your age per month Case Study: 40 yr old Business Owner concerned with how much cash she had sitting in various checking accounts Case Study: 60 yr old Couple concerned about turning their 401(k) into cash flow Check our on-line course at www.InfiniteWealthCourse.com

Schedule your 15 minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast In this episode we are highlighting pages 41 – 47 of Nelson Nash's book Becoming Your Own Banker. We outline the five methods of having use of a vehicle (Lease/Finance/Cash/CD/IBC) and review the two methods that are actually profitable (CD/IBC). Check our on-line course at www.InfiniteWealthCourse.com Resources: Video walkthrough of the CD vs IBC http://bit.ly/3anUHDO Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC Nelson Nash documentary http://bit.ly/NelsonDoc

Schedule your 15 minute call with Anthony or Cameron here: https://calendly.com/infinitewealth/15mincall In this episode we interview Todd Mardis, President of Capital Preservation Services. Capital Preservation Services places a high degree of focus on income tax planning for clients paying in excess of $75k in Federal Income Taxes. Todd is joined by one of his tax attorneys, Walt Dallas as we discuss the topics listed below and many more: What about CPS makes them different than any other accounting firm Do clients need to change their current CPA if they choose to work w you Why most CPA's do not provide tax advice or tax planning? Why are most CPA's conservative? What is the difference between a tax attorney and a CPA? How does a client prove their deductions and what type of inhouse help do you provide? What to do if you get audited? Check our on-line course at www.InfiniteWealthCourse.com Resources: https://cpsllcms.com/