Get Rich Education

#116: Rich Dad Advisor Tom Wheelwright says that the U.S. could become a tax haven. We discuss other potential tax changes that President-Elect Donald Trump will make. Keith also recaps what happened in financial markets this year: real estate, stocks, gold, inflation, dollar index, interest rates and more. 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: 01:42 This year: real estate up, stocks up, gold & silver up, dollar index even, interest rates up, inflation up, autonomous cars hit streets, Chinese yuan into IMF, Brexit, Trump election. 06:36 Robert Kiyosaki and Harry Dent predictions. 09:48 Donald Trump parallels with Ronald Reagan. No individual income tax reform in first term. 12:53 Tax rates won't go up next year. Oil & gas tax benefits will be retained or expanded. 14:11 Carried interest. 17:59 Trump's company lobbied for the "real estate professional" tax designation. 21:28 Limit on itemized deductions coming? 23:32 Expect U.S. corporate taxes to be lowered down from 35%. 28:25 Trump wants a 15% "business tax rate." Amnesty. 30:03 Why is the U.S. successful with such high corporate tax rates? 31:10 Tom Wheelwright: The U.S. could become a tax haven! 32:37 How will we pay for tax reduction? Not growth, but even more debt. 34:08 Financial crash implications. 36:52 Here's how you can act now. 40:37 Keith: Let's lower tax rates, and increase the number of taxpayers. Resources Mentioned: TaxFreeWealthAdvisor.com or 866-467-5809 GetRichEducation.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE RidgeLendingGroup.com RichDadAdvisors.com

#115: Obtaining your RE license isn't that difficult in many states. Would this help you land deals for income property? Yes, and there are tons of other benefits...and drawbacks. Kevin Cross of Foundations Real Estate Experts is a savvy real estate investor, licensee, and former President of the Anchorage Association of Realtors. He tells us the advantages and disadvantages of getting your RE license. 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: 02:06 Keith likes BombBomb.com video-e-mail service and the Blinkist.com condensed reading app. 08:11 How can getting your RE license help you get into the deal flow? 12:20 Saving yourself the agent commission - and using that as a down payment. 15:06 The benefits you realize as an agent when you build a network of home inspectors, HVAC companies, roofers, etc. 18:27 When you sell property, act as your own agent. Referral fees. 24:59 Licensing requirements - educational hours, exam, licensing fees. Often $3,000 - $5,000 out-of-pocket to start. 26:55 Difficult to be a "part-time" agent. 28:48 You don't get paid for 90 days. 31:16 Fiduciary responsibility and disclosure. 36:42 90% of sales are made by 10% of agents. 37:11 Do you split your commission with your broker? Must you have an office there? 41:06 After marketing fees and dues, agents earn about 1.5% per transaction. Resources Mentioned: GetRichEducation.com NoradaRealEstate.com TheRealAssetInvestor.com/GRE RidgeLendingGroup.com AlaskaREX.com BombBomb.com Blinkist.com

#114: Your mental map is stimulated today as we discuss what geographies will be prosperous for real estate investors. Geopolitical Strategist Peter Zeihan of Zeihan.com takes us on a virtual cross-country journey economically, geographically, and demographically. 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: 03:46 The Mississippi River System promotes continental commerce. Luckily, it's superimposed atop the U.S. agricultural belt. 06:47 Demographic luck. 13:54 Capital flight to "Gateway Cities": Toronto, Montreal, Vancouver, Santa Monica, San Francisco, Seattle, New York City, and Miami. 17:38 "Reinvented Cities": Oklahoma City, Austin, Salt Lake City, Charleston (SC). 20:05 Migration to low-cost-of-living cities. 25:27 New England. 26:58 New York. 28:42 Pennsylvania. 31:44 New Jersey through DC to the Carolinas. 34:22 Georgia. 36:21 Florida. 38:12 Alabama. 40:53 Tennessee. 43:12 Great Lakes Region. 44:11 Missouri. 45:16 Arkansas & Louisiana. 46:58 Texas. 50:01 Upper Great Plains. 51:07 Denver and Salt Lake City. 53:16 Arizona and Nevada. 56:53 California. 59:33 Washington and Oregon. 62:47 Alaska and Hawaii. Resources Mentioned: Zeihan.com TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#113: You can be a lender instead of a borrower with Mortgage Note Investing. Real estate is your collateral, securing your loan. Why would you want to give a loan to someone that can't qualify for a bank loan? David Campbell from Hassle-Free Cash Flow Investing tells us why and how. 9-10% cash-flowing rates of return are common. Compared to buy-and-hold RE investing, this is more liquid, less risky, and incurs lower transaction costs. 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: 07:05 Why now is a good time to move chips from the equity side to the debt side. 10:48 Mortgage Note Investing is also similar to terms like "Hard Money Lending," or "Private Lending." Also, discussion of Mortgage vs. Deed Of Trust. 15:45 Buy notes where the borrower has 20-25%+ equity in the property. 23:02 Mortgage Notes provide higher cash flows, less risk, more liquidity, lower transaction costs compared to owning real property. 26:47 Example on a $75,000 mortgage. 34:50 Use your IRA or HELOC to create arbitrage. 36:38 Knowing good from bad, and avoiding fraud. 43:14 Turn your equity into cash flow. Resources Mentioned: HassleFreeCashFlowInvesting.com/GRE TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#112: Two undercover thieves are robbing you of your dreams. They're stealing your prosperity both now and in the future. This is why people think they're "getting ahead," but they're falling behind. Learn about the problems with 401(k)s and inflation - it's even worse than you think. Learn how to get on top of this and get empowered today. Keith brings you today's show from Dallas, TX. 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: 02:33 Be unusual. 03:33 A terribly naive statement: "Socking away money in your 401(k) will make you a millionaire." 07:08 401(k) saving is misdirected. It's herd mentality pumped up by a billionaire-dollar Wall Street marketing campaigns. 09:40 History of the 401(k) and Ted Benna, creator of the Plan. "Salary Reduction Plans." 13:35 Dollar-for-dollar matches in 401(k)s. 17:12 A 401(k) is a ZERO cash flow plan. 24:24 The secret monthly bill that you don't know that you're paying. 26:57 Real ROI vs. Nominal ROI: How "winning" is really losing. 28:38 Taxation is not adjusted for inflation. 30:40 The first step to solving your problem is recognizing that there is one. 32:04 Your real estate cash flow increases faster than inflation over time. See at: GetRichEducation.com/videos Resources Mentioned: TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com Ted Benna and 401(k) history

#111: Looking for passive income but can't find an attractive real estate deal in today's climate? Invest with a trusted, savvy investor that's an expert in identifying profitable apartment building deals for others. Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors. 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: 05:05 Entering real estate for tax mitigation reasons. 07:40 Rich Dad influence. 09:15 Many wealthy people are willing to invest in 1% yield CDs! 11:26 Planting the seeds of real estate syndication. How to stay in the "deal flow." 12:57 The people are more important than the product. Which people are "real" and which are not? 15:45 Multifamily property in Memphis. 20:03 Forced appreciation. 22:31 Dave is successful because he considers his investors' need, not his need. 24:08 Value-add property improvements include a high-tech video surveillance system. 26:26 Dave's investors benefit in ways that direct investors don't. 28:38 Dave puts his own "skin-in-the-game" alongside his investors. He has a vested interest in property performance. 30:05 Investors paid quarterly: 8-11% Cash-On-Cash Return. High teens to 25%+ Internal Rate Of Return. 31:44 Taxes. Accelerated depreciation (from Cost Segregation) gets passed along to each investor. 33:41 Annual investor barbecue. 35:03 Win a free real estate field trip to Memphis or Belize at www.TheRealAssetInvestor.com/GRE 36:14 Advantages to investing in a trusted expert's syndication. Resources Mentioned: TheRealAssetInvestor.com/GRE CorporateDirect.com RidgeLendingGroup.com GetRichEducation.com

#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