Get Rich Education

#20: Vocabulary is integral to advancing your investor life. It attracts the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence. Listen to this week’s show and learn: 02:28  Keith discusses New York City. 06:55  How you pull yourself up from middle class. 09:28  Being the best version of yourself. Vocabulary Terms: 10:44  Accredited Investor. 13:08  Appraisal. 15:30  Assessment. 16:35  Capex (Capital Expenditure). 17:33  Capital Gain, Capital Gains Tax. 20:08  1031 (Tax-Deferred) Exchange. 23:12  Debt Service. 23:48  Mortgage. 25:06  Rate Hike. 29:12  Rent Control. 30:07  ROTI.   Resources mentioned:  Investopedia.com Investor.gov Janet Yellen MidSouthHomeBuyers.com Rent Control laws by state Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! @GetRichEd

#19: Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.” Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth? Tom’s firm could help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return. Listen to this week’s show and learn: 03:30  Michael Jordan had coaches and teammates. To grow large, you’ll eventually need them too. 06:25  Over the course of your life, your greatest financial expense will be taxes. 11:43  This is the largest new tax change for real estate investors since the 1980s. 15:07  How to save tens of thousands in taxes with a Cost Segregation. 22:20  The “magic” of depreciation. 29:31  Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow. 32:35  Why not to use your IRA to invest in real estate. 35:55  The tax benefits of oil & gas direct investing vs. oil & gas stock investing.   Resources mentioned: www.ProvisionWealth.com or call 1-866-467-5809 www.Reefogc.com www.AudibleTrial.com/GetRichEducation - Get a free audiobook & 30-day free trial. Tax-Free Wealth book by Tom Wheelwright

#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells. Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells. Monthly cash flows and terrific tax benefits are typically provided to investors. Listen to this week’s show and learn: 02:03  What is a real estate “syndicator”? 09:08  The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status.  11:00  The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock. 13:35  Today’s drilling techniques may reduce the risk of “hitting dry holes”. 22:03  Interests in reducing environmental impacts of oil & gas extraction. 25:44  Does Reef have “skin in the game”, investing alongside the individual investor like you? 28:14  How Reef’s teaming with a large investment company helps them acquire larger projects. 31:45  How the recent drop in oil prices affects investors. 35:35  World geopolitics and the price of a barrel of oil. 39:43  Why you are an oil & gas investor already. 40:25  How Reef is paid and how you are paid, and your potential tax benefits. 44:52  Minimum investment amount, rate of return range of past funds, liquidity, tax advantages, and possible multiple returned to you on your initial investment amount. Please listen to the disclaimer at the end of the show. Investing involves risk and you can lose money.   Resources mentioned: www.Reefogc.com www.Reefogc.com/drillingandincomefund/ Reef Oil & Gas Co. phone number 1-877-915-7333 www.TomWheelwright.com

#17: Thoughts are not enough. You must act. Recorded February 1st, 2015, in Anchorage, Alaska, Keith provides a motivational performance this week. This content has spurred his students from thought into action by purchasing their first-ever investment real estate. Listen to this week’s show and learn: 01:20  You own your mind free and clear. There is no mortgage debt against your mind. 02:58  This common advice that you have heard must be specifically avoided it if you ever want to be successful. 07:50  How long should you get educated on real estate investing before you act? 09:48  Three specific real estate investing actions for you to take. 12:00  Mortgage “Pre-approval” vs. “Pre-qualification”. The value of meeting with your mortgage lender, even if you think you can’t get a loan. 16:07  Section 1031 Tax-Deferred Exchanges and “Cash-Out” Refinances can amplify your cash flow and leverage. 22:52  If Keith could start all over in real estate investing, these are the 3 things that he would most want to do differently. 25:30  This two minutes of content has inspired others to buy their first income real estate.   Resources mentioned: www.Reefogc.com www.RichDadAdvisors.com www.BrianTracy.com REIA meetings www.NeighborWorks.org

#16: “Power Connector” Judy Robinett, author of top-selling “How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” joins Get Rich Education today and tells you how to find investment money. Listen to this week’s show and learn: 01:25  Real estate syndication and business crowdfunding defined. 04:48  It’s not what you know, it’s who you know. 07:17  How do you “get in the right room” to get your deal funded? 10:20  The difference between angel investors and venture capitalists. 13:13  Where you find a network and investors. 17:34  How do you learn about which people to avoid? 19:35  What is “Reputation Capital”? 20:08  How to best use social media for networking. 21:35  Why there aren’t more women in business. 24:24  The “5+50+100 Rule”. 27:40  Another person must know, like, and trust you before they fund you. 29:28  The value of taking an influencer to lunch. Ask “Who else do you know that I should talk to?” 31:33  People don’t lack resources. They lack resourcefulness.     Resources mentioned: www.JudyRobinett.com www.KickStarter.com www.Indiegogo.com www.RealtyMogul.com www.FlashFunders.com www.LendingHome.com www.Illuminate.com www.RocketHub.com www.Cbinsights.com www.GoldenSeeds.com www.PitchBook.com www.LinkedIn.com www.Twitter.com  @judyrobinett www.AngelCapitalAssociation.org www.ncva.org Books: "How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” by Judy Robinett “The Kickstarter Handbook” by Don Steinberg

#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests. Listen to this week’s show and learn: 06:33  Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks. 06:59  More states’ courts are ruling against protection for single-member LLCs. 08:57  Garrett explains the importance and meaning of protecting your “corporate veil”. 11:56  How to protect oneself with a four-plex and FHA 3.5% down payment. 14:15  How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one. 17:42  Who is liable in a slip-and-fall case – the property owner or the property manager? 18:18  Umbrella Insurance. 20:34  Can one “overdo it” with too much asset protection? 22:53  Garrett’s real estate investing preferences. 25:16  What Garrett would tell a 27-year-old investing enthusiast today. 27:50  Tell Corporate Direct / Sutton Law you learned about them through Get Rich Education. You can speak with Garrett directly about your asset protection needs at 30 minutes for $175.   Resources mentioned: www.SutLaw.com www.CorporateDirect.com or 1-800-600-1760 www.Reefogc.com www.AmericanBaseballFoundation.com Books: Loopholes Of Real Estate, Start Your Own Corporation.

#14: Listen to this week’s show and learn: 01:39  Keith opens up about the only losing investment property he has ever owned, what made it a loser, and why he just sold it this week. 08:24  With every investment deal, you either get the profit or you get the lesson. 10:00  For Tom Hopkins International Sales Academy Feb. 20-21 in Orlando, FL, use the Discount Code below for a deal that GRE negotiated for your 2-day tuition. Optionally, you may also e-mail John@GetRichEducation.com and on a first-come, first-served basis, GRE can provide you with a free 3-night stay in a condo room for the event. 14:32  Here in 2015, many U.S. turnkey real estate providers have little or no inventory. 15:25  Part of the first family of American precious metals, our guest is Anthem Blanchard. He owns a precious metals storage and trading company, www.AnthemVault.com. 18:53  Anthem’s father, Jim Blanchard, was the influential hero when President Gerald Ford legalized gold ownership in 1974. 20:30  Why does gold have value?   Resources mentioned: www.Reefogc.com www.AnthemVault.com Your exclusive GRE Discount Code for Tom Hopkins Int’l Sales Academy Feb. 20-21 in Orlando, FL is https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40 www.MidSouthHomeBuyers.com www.facebook.com/GetRichEducation www.Bloomberg.com www.ZeroHedge.com

#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars. The good news? Today you can learn how to position yourself to make this innovation profitable for you. Listen to this week’s show and learn: 01:15  Driverless cars, 3-D printing, and drones will dramatically affect you. 02:28  People often scoff at the notion of coming change. Then change comes fast. 05:14  It’s easy to forget that horse travel used to dominate American transportation. 07:37  The invention of the automobile populated the suburbs. 09:43  Today, many cities have more than half their area dedicated to streets and parking for cars. 13:16  Ride-sharing services like Uber have already diminished the demand for parking lot real estate. 14:12  Unused parking spaces and smaller roads are coming. This will change real estate values. 15:47  Most agree that driverless cars will be for sale to the public by 2020. This will improve your life. 21:32  Driverless cars will make some real estate more valuable, and some less valuable. 24:30  Why driverless cars may spell the demise of convenience stores. 25:45  Homes near public transportation may experience falling value with this new technology. 27:35  Why investing in automobile companies over the long-term may be dangerous. 30:07  Why buy-and-hold real estate investors must know what to avoid with this technology.   Resources mentioned: www.Reefogc.com www.Uber.com www.Lyft.com

#12: You sell yourself everyday. The World’s #1 Sales Trainer, Tom Hopkins, tells you how to sell - whether it’s selling a piece of real estate, being promoted at your job, or selling an idea to your spouse. Make your life and business explode with these ideas. Listen to this week’s show and learn: 02:05  Tom Hopkins interview begins. 03:22  How Tom sold 365 homes in 365 days. 04:20  Is one “born to sell” or if can it be a learned skill? What’s better for sales - introvert or extrovert? 07:47  The seven fundamentals of Selling: Prospecting, Initial Contact, Qualification, Presenting, Handling Objections, Closing The Sale, Referrals. 11:32  The best strategy for more referrals, which are where most of your sales come from! 13:03  How to overcome buyer objections, including when one says, “I want to shop around”. 15:48  The vital importance of passion. 20:23  How to overcome being told “no”. Why the world’s wealthiest people “have no guarantees”. 26:24  Words you must avoid when selling, and the million dollars phrases to use to increase sales. 32:25  How to close the sale by building “yes momentum”. 36:04  What advice Tom has for a young investing enthusiast today.   Resources mentioned: www.TomHopkins.com www.Reefogc.com For Get Rich Education listeners, here's your discount code for Tom Hopkins 2015 Sales Academy, Feb. 20 & 21 in Orlando: https://js167.infusionsoft.com/app/manageCart/addProduct?productId=40

#11: Inflation is like your hidden tax. Listen to this week’s show and learn: 02:10  Spending is more fun than saving. 03:33  Don’t live below your means. 05:30  Why a “good rate of return” is not enough return for an investor. 07:18  Why millionaires will soon be poor people. 08:45  How currency inflation is invisible. 12:35  Why the stock market must hit all-time highs every day just for you to break even. 13:00  The Consumer Price Index (CPI). 14:47  Why the U.S. and most major nations want more inflation in the future. 15:55  The power of “tilting the chart”. 18:14  How you will beat inflation by understanding real estate leverage ratios.   Resources mentioned: Consumer Price Index at www.bls.gov/cpi/ keith@getricheducation.com