Get Rich Education

#110: Wealth and fulfillment are matters of your personal choice. "Being Wealthy Is A Choice" is something that I didn’t believe when I first read it in a Robert Kiyosaki book 15 years ago. Now, I know that it’s true. Learn how to choose wealth. Be bold. Live where you want to live. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  You need to believe that being wealthy is a choice. 03:26  You’re unfulfilled because you spend too much time at your job.   06:20  Live where you want to live   09:09  Be bold.   13:14  Disable notifications.   13:53  Associate with people whose future is bigger than their past.   15:17  Fear and doubt destroy more dreams than failure ever does.   16:24  Die with memories, not dreams.   22:52  You’re paid five ways at the same time with RE investing.   30:05  Risk.     Resources Mentioned:   Article: The 5 Ways You’re Paid In RE Investing   CorporateDirect.com   NoradaRealEstate.com   RidgeLendingGroup.com   GetRichEducation.com

#109: Memphis, Tennessee is the longtime King Of Real Estate Cash Flow. Mid South Home Buyers in Memphis is the turnkey company with smart systems and great service. Learn how they got their advantage. Founder Terry Kerr and Investment Coordinator Liz Nowlin tell us what makes Memphis unique. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.   Listen to this week’s show and learn:   02:44  Return From Equity (RFE) and Return On Equity (ROE) are two different things.   06:18  Equity positioning is key to your investing strategy.   07:18  Volatile markets vs. Stable markets.   10:23  Terry Kerr and Liz Nowlin interview begins.   12:15  Mid South Home Buyers manages 1,450 properties, 98%+ occupancy, 77%+ of tenants renew their leases.   14:28  Memphis is a distribution hub.   15:27  52% of Memphis residents rent rather than own.   17:33  Some turnkey providers “mark up” materials.   20:58  The best-renovated houses in Memphis: roofs, HVAC, kitchen, bathroom, electrical, plumbing, flooring, more.   23:48  Under-market rent amounts.   24:40  Warehousing of materials creates efficiencies.   25:49  Communication.   29:07  A larger pool of tenants to select from.     Resources Mentioned:   MidSouthHomeBuyers.com   CorporateDirect.com   NoradaRealEstate.com   RidgeLendingGroup.com   GetRichEducation.com

#108: Should your rent or own your primary residence? Consider feelings, equity buildup, control, leverage, personal cash flow, mobility, inflation, taxes, liquidity, opportunity cost, sunk costs, and much more. Innovative Advisory Group’s Kirk Chisholm joins Keith for the chat. Keith tells you how much his home is worth. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.   Listen to this week’s show and learn:   02:55  Your home is not an asset.   08:51  Why throw away money on rent?   12:15  Rental “stigma.”   16:10  Liquidity.   17:50  Sunk costs like furniture, maintenance, amenity obsolescence.   20:14  Inflation, leverage, appreciation.   23:57  Three methods to help you determine to rent or buy.   27:51  Wider selection of homes to buy than rent.   30:41  Rent-To-Value Ratio.   34:08  Today’s low homeownership rates.     35:19  “Touchy feely things.”   39:31  Rent vs. Buy Calculator.   40:30  Keith’s home valuation and whether he rents or buys.   42:21  Be the second owner of a home.     Resources Mentioned:   InnovativeWealth.com/GRE   Kirk Chisholm’s Rent vs. Buy article   CorporateDirect.com   NoradaRealEstate.com   RidgeLendingGroup.com   GetRichEducation.com

#107: Rich Dad Advisor Garrett Sutton is our guest today. His firm, Corporate Direct, offers smart asset protection and simplifies what seems complex. Keith is back in Anchorage, AK for today’s show. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12  Rely on your team. You don’t need to know everything. 04:52  “12 Reasons It’s A Great Time To Be A Real Estate Investor.” 11:20  Garrett Sutton interview begins. 12:45  Charging orders. 14:48  States offer different protections. You can “borrow” from the best state’s protection. 17:05  Texas asset protection. 22:24  Protecting yourself when you own real estate in multiple states. 25:04  Equity stripping. 26:18  Why Garrett wrote his new book, Toxic Client. 28:12  “Entitlementia.” 31:24  Why many attorneys get asset protection wrong. 33:18  When Robert Kiyosaki was famously sued, Here's how Garrett protected him. 34:14  Corporate Direct’s affordable fees. $695, or $595 for GRE listeners.   Resources Mentioned: CorporateDirect.com Phone Corporate Direct 1-800-600-1760 Amazon: Toxic Client book Entitlementia.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#106: With enough passive income to meet your living expenses, you can potentially quit your job. GRE’s Business Developer John Collins just quit his job. He tells us how it feels. Keith brings you the show from Ontario, Canada today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:38  How close are you to quitting your job? The PPY. 05:42  A metaphor about life being the journey, not the destination. 07:40  If the Dow Jones rises from 19,000 to 20,000 points, that’s NOT a gain! 10:41  With zero financial education, stocks are better than real estate. With some education, real estate is better. 12:08  Monthly property management statements. 15:50  The jet pilot. 19:12  GRE’s John Collins quit his job that paid $100K-$200K per year. 22:47  Overcoming fear of leaving the job. 24:32  Nothing dispels fear like education; social connections. 28:48  Altering your life structure. 32:35  Do you still know when it’s “Payday” at your employer? 36:40  Feel of the “corporate-ocracy.” 39:09  With more passive income, here’s how you’ll begin thinking differently than your co-workers. 41:15  Entrepreneurship is not for everybody. “Turnkey job.”   Resources Mentioned: Book: “Pivot” by Jenny Blake CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#105: Texas is a job creation juggernaut. Companies are being lured to Texas at a staggering rate by a business-friendly environment, low labor costs, and tax incentives. Texas is where you have some of the fastest-growing, most economically stable markets in the nation. Your durable rent income comes from tenant jobs. Learn about how to get into this market with an award-winning turnkey real estate investment provider at GetRichEducation.com/Texas. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:29  Turnkey real estate investing defined. 04:44  Win-wins. 05:16  Why turnkey RE is not too good to be true. 09:30  A “Tenant Inspection Report.” 11:34  Carl Dean interview begins. 13:39  Carl moved to Texas because that’s where the jobs and better properties are. 15:05  Is the Texas RE market overheating? 18:02  Medical, financial sectors. More than just oil. 20:19  Migration into Texas. 21:53  Property taxes. 24:03  Price sweet spot of $140K-$250K. Rent-to-value ratios. 25:15  Lease duration and 5% rent increases each year. 29:40  Plano and Frisco often have price points that exceed the cash flow “sweet spot.” Fort Worth and south Dallas areas are generally better. 32:18  3 Bed / 2 Bath single-family homes are the minimum size criterion. 35:07  Exit strategy. 37:58  A “cheap” property isn’t enough for an investor. 38:50  Placing the right tenant. Minimum $1,200 rent amount. 41:04  How does Carl find his inventory? 45:17  Cash flow in Texas vs. other markets.   Resources Mentioned: GetRichEducation.com/Texas Trulia.com CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

104: T.Harv Eker is our guest today. His mega-popular seminars and book, “Secrets Of The Millionaire Mind: Mastering The Inner Game Of Wealth” have transformed countless lives. Harv tells you: “Think Rich To Get Rich.” Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:58  What do you really want in your life? 09:04  Thoughts > Feelings > Actions > Results 11:28  Your mind is set to a “Wealth Thermostat.” 14:37  How to change your Wealth Thermostat: 1) Awareness. 2) Understanding. 3) Reconditioning. 19:24  Your thought influences are: verbal conditioning, modeling, specific incidents. 20:35  Are rich people evil? 26:08  Is it ethical to make passive income? 32:15  How rich people specifically think differently than most people. 34:50  The Bible and wealth. 39:14  Dealing with your disapproving family members. 44:28  Seminars. 45:10  How to win the money game.   50:31  The importance of passive income is freedom. 55:20  “SpeedWealth” has 8 principles.   Resources Mentioned: Get SpeedWealth free at HarvEkerOnline.com/GRE Secrets Of The Millionaire Mind - book CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#103: Tom Wheelwright is a tax genius and regular contributor here. He’s the Founder and CEO of ProVision Wealth, which prepares Keith’s tax returns. TaxFreeWealthAdvisor.com Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:04  Every dollar of your income is either taxable or not taxable. 08:08  How you are double and triple-taxed. 09:59  How tax depreciation works for real estate investors. 13:33  Cost segregation. 16:10  Why Donald Trump won’t release his tax return. 20:14  Here’s when you start a tax and asset protection strategy. 23:40  Holding your real estate in an LLC vs. “S” Corp. 25:55  IRS audits and taking deductions. 28:06  Garrett Sutton. 29:40  Picking the wrong lawyer. 32:48  Audit prevention: 1) Documentation. 2) Competent tax preparer. 3) Don’t talk to the IRS.   Resources Mentioned: TaxFreeWealthAdvisor.com or call 866-467-5809 CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

#102: Hardship in your life changes your mindset, goal, timetable, and your investing risk tolerance. It changes how your think about your “Return On Time Invested.” Meet Ben Leybovich. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 03:39  Ben Leybovich Interview begins. 05:30  Ben is diagnosed with Multiple Sclerosis. 07:40  A process of elimination brings Ben to real estate investing. 11:08  Emotional investing. 14:20  Unlike Keith, Ben self-manages his properties. He uses Buildium.com. 16:40  ROI. 30:18  Cash flow rises faster than inflation when you’re leveraged. 32:45  Guesswork - rent escalators, fixed mortgage interest rate duration. 33:43  Real estate environment in 2016. 36:50  Ben likes buying “below market.” Underwrite to fundamentals. 39:26  Regional housing markets. 44:19  Ten years ago, U.S. housing prices were 24% higher than today, adjusted for inflation.   Resources Mentioned: JustAskBenWhy.com Buildium.com NoradaRealEstate.com CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

101: Geography is hugely important to real estate investing, economics, demography, and geopolitics. Peter Zeihan has a remarkable grasp on “location, location, location.” Learn the case for why the United States is not in decline. It will continue as a global superpower. Want more wealth? Visit www.GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 04:01  The case that America is positioned to continue as a financial, agricultural, and industrial superpower. 06:05  Rivers. 08:38  Urban centers. 10:00  Geography shapes cultural isolation and integration. 13:16  Diffusion of ideas and technology. 14:55  3-D printing changing the geography of distribution. 23:35  Oil and petroleum. 30:28  Inflation vs. Deflation. 33:16  Japan. 38:23  Which countries will prosper. 42:14  Can another nation be like the United States? 43:05  U.S. Midwest, Texas looks great for growth. Alabama. 45:36  Gateway cities: San Francisco, Santa Barbara, New York, Miami and Seattle.   Resources Mentioned: Zeihan.com The Accidental Superpower (book) CorporateDirect.com RidgeLendingGroup.com NoradaRealEstate.com GetRichEducation.com