The Wealth Elevator Audiobook Channel

Summary: Lane describes what the SEC defines an accredited investor as. He also gives his tip if you own a primary residence in a primary market (Hawaii, San Francisco, Seattle).🎥 Link: https://youtu.be/JffG2-GfQlAWebsite Link: https://simplepassivecashflow.com/wha... 🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast..._________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackPassive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecoursePassive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/inve...SPC YouTube Channel – https://www.youtube.com/channel/UC3cI...Real Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit Hosted on Acast. See acast.com/privacy for more information.

We, as parents, would want our children to maximize the benefit that they can get from their inheritance. At the same time, when we die, we don’t want to leave them with a “financial burden” in terms of estate tax that may cut off part of their funds.Let’s leave a legacy that will help them leverage in life.Join us at simplepassivecashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

Since January, rent on real estate property has increased substantially. When the vast, urban areas such as New York, San Francisco bounced back.Those areas were previously flatten due to the people’s preference of moving away from highly dense areas.Get more insights on passive investing!Join us at simplepassivecashflow.com Hosted on Acast. See acast.com/privacy for more information.

What will you do when you wake up and say to yourself, “why did I shell out my money in Timeshares”?Yes! Nowadays, there are other options.You can find a place to stay on the internet, look at Airbnb and VRBO.You can spend time with your loved ones even without having Timeshares.Everything’s online!Timeshares are not a good investment.Join our investor club and learn more.Visit simplepassivecashflow.com/club. Hosted on Acast. See acast.com/privacy for more information.

When selling a property, are you considering the historical closed transactions where your appraisal is based?Here are tips for real estate sellers and what you need to know about your property’s appraisal.Join our community and learn from like- minded people about real estate investing..Visit simplepassivecashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

Investing in an opportunity fund means you are investing in a lousy area.Devote your money to good solid areas (property investment) that will yield huge returns rather than a hefty pain in the neck.Do your due diligence, and don’t just rely on 1031.Get more insights on passive investing!Join us at simplepassivecashflow.com Hosted on Acast. See acast.com/privacy for more information.

Proper planning of family estate and trust will PREVENT future problems like third-party attacks, erosive and mismanagement.Wealth inheritance is showing LOVE to your family in a different form.Join us at simplepassivecashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

Set and embrace your core values as a family, regardless of how many you come up with.These will overpower any hurdles or a person’s misbehavior.Remember to transfer wealth with PURPOSE and preserve HARMONY in the family.Blood will always be thicker than water.Join us at simplepassivecashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.

My Take - What You Should Invest In For 2021 and Beyond🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.

TranscriptHey, what's up everybody today. I'm going to show you why I decided not to do a timeshare. All right. So I've been at this for maybe about five hours trying to learn first. What a heck is a timeshare? How did they do it? I've zeroed in on the Disney Aillani, which is part of the Disney vacation club DVC for short.As I've been learning. And as I was going through this rabbit hole for these last hours, so just the, how it's supposed to work in a nutshell explained in my format. So you become a member, you pay a boatload of money. You get some like benefits, but as they're laying, you get like 10% off, like stuff you maybe shouldn't buy or over price anyway.But you basically get these points and these points are used to take. Vacations , at the parks, you had a home hotel, which supposedly you can book with a little bit less advanced notice, which is good because a lot of these parks are very busy and here is how it works.You're basically paying for points and the way to distill it down is to break it down. How many points you're paying or how many dollars per point you're paying. Normally you're paying about maybe 150 to 200 bucks these days per point, but that's certainly the first way to realize how much you're paying and you're comparing it from timeshare to timeshare.Now, if you're new to timeshares and you haven't dug into these reward, matrixes, Kali doesn't mean very much to what I just said there, but let me find the page where they're like, all right, I want to buy it. And I would like to build me a package it's hard to find here. All right. So I think I found that. So here's the pitch. You pay a purchase price, a price per point. And it's really tricky how much these voids it is to actual stay in a hotel. So this one, I think they've got it the right way. They're going to try and bamboozle you into a larger stay, but I'm just going to put in here for something.There was different pricing, different points, the cost per points of a hotel go up in more peak seasons. And this is how, what they're going to sell you. They recommended going to the little two or 300 points per vacation. And this is why, because the certain bedrooms are more expensive, granted, you got to figure out how you stay.The ducks studios are the cheaper ways of doing it, this is the one you want to find, because right now they only have two Aillani and Disney's Riviera. I live here in Hawaii. So I was looking at this Alami one, and this is what we're going to plus up the spreadsheet and really compare the two. Hosted on Acast. See acast.com/privacy for more information.

🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.

TranscriptHey, what's up guys. We are going to be going over some of the highlights in the bookshop and that's the way. 2021 annual meeting, and I'm going to be interjecting some of my comments and how I think it impacts our investing. Now, what are the big things we're going to be talking about? Today's inflation and ear. Mr. Buffett has been be asked the question directly. Where's inflation. I did this to save you the time. So you don't have to go to the , four hour long video. It's boring. But there's some of the important stuff. We'll ask this question from Chris, freed from Philadelphia, and whoever wants to take this onstage from raw material purchases by Berkshire subsidiaries. Are you seeing signs of inflation beginning to increase? Yeah. Let me answer that. Greg. We're saying. Very substantial ones. Like it's very interesting. We're raising prices. People are raising prices to us. Ah, And it's being accepted. I made it stop.Warren: That'll take home building. The cost of we've got nine home builders. In addition to our manufactured housing. And then operation, which is the largest in the country. So we really do a lot housing. The costs are just. As you can tell buffet is very in tune with the pricing pressures facing his various businesses, specifically his very own home builder Clayton homes, which as of 2021 is the nation's largest. Framing, if you didn't know, makes up about 20% of a home. Continue his analysis still. So have you been living under Iraq? Lately, you probably haven't realized that lumber and other commodities have gone up. A heck of a lot. More than double some more than Chippewa. Lane: We're trying to build a 200. Unit multi-family. Huntsville Alabama. That we started. I'll say a year ago. And we bought all the lumper at this point and we bought it at the right time for a while. There we were debating. Should we wait this out. Because what happened right after March and a lot of these commodity prices shut up. That just the toilet paper, everybody made a run for commodities. And then she during the pandemic, a lot of people started to have their houses because they're at home all the time. And they were bored out of their minds. And looking for stuff to do. And. Construction became a essential activity. So kept on going amongst other things like restaurants or sporting events or. The other tourism industries. So construction continued on. But nevertheless, whatever, cause it doesn't really matter. It is what it is, lumber and all these other commodities are very much more expensive. Fuel costs. Yeah. Just every day. They're going up then. There. There hasn't. Yeah then, because the wage. The wage stuff follows. The UAW writes a three-year contract. We got a three year contract, but if you're buying steel, general motors. Or someplace you're paying more every day. It's. Warren: It's an economy really? It's red hot. And we weren't expecting it. I made all our companies when they thought when. When they. We're allowed to go back to work and. Is operations. They wouldn't let we closed the furniture stores. I mentioned you. They were closed for six weeks or so on average. They didn't know what was going to happen. When they help. Lane: Warm arms. Oh Clayton homes, which is a big home builder or not the biggest one. So he feels. The lumber issue, just like myself. So he's very attuned to this type of stuff. Warren: They can't stop people from buying things. And we can't deliver them with this shit. That's okay. Nobody else can deliver meter and we'll wait for three months or something. It's hard, but the backlog grows. And then we thought it would end when the $600. Payments ended. I think. Ron August of last year. It was just kept going and it keeps going and it keeps going and it keeps going. And I get the figures. Every week I call. Burbank calls me and we go over day by day. What happened at three different stores in Chicago and Kansas city and Dallas. And. It just won't stop. People have money in their pocket and they pay the higher prices. And one. Carpet prices go up. In a month or two, And that was the price increase for. April for our costs are going up. Supply chain is all screwed up. Yeah. All kinds of people. But. It's a bike. It's almost a buying frenzy except. Certain areas you can't buy it. You really can't buy international air travel and there's, so the money is being diverted from a little, from a piece of the economy into the rest, and everybody's got. More cash in there. Just like lumber. Hosted on Acast. See acast.com/privacy for more information.

He doesn't know. And quite frankly, most people, they just see that money go to waste. If not everybody would do it and they shouldn't get my opinion. But it seems like he has got a good attitude and I think he's going to go places. And the thing about entrepreneurship is, you may not hit exponential hundred X on your investment and what you put into yourself.But I think with some hard working, she come out pretty good. But one could argue that maybe he would have done not better. Money-wise if he stuck out a perfect job. But the whole point for most people listening, if you guys are in your corporate job, the thing is just do the math, right?If you buy some rentals or decent syndication deals invested in the right stuff, at some point, it's going to send you on this path to be financially free and not 20, 30, 40 years, but more like. Maybe seven years. So a lot of us is like less than five years or maybe at worst 10 to 12 years, if you're only able to save 20 to $30,000 a year. When I first started investing, I didn't have any money. I had a good salary for my engineering job, but 2009 one, when I bought my first rental property after saving two years for that. And then I bought my next salon a couple of years later in Seattle, but then, I kinda diligently saved my money year after year.And in 2015, I had it left metals. And that was when things really took off for person. This is not a get rich quick thing. It's a get rid surely thing, invest in good stuff and be pretty much good money. And you find that financial freedom is a lot quicker than most people think out there. But the key is getting outside of your comfort zone.And investing in things that not everybody else does, but yeah, if you guys have any questions, put it into the comments was when I help people out and subscribe to the channel.🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.

TranscriptNow I don't really watch much TV because I try to create more content for folks like you on this channel but lately I have been binge watching this Bling Empire on Netflix.Basically its a show about rich asians in LA - think Crazy Rich Asians reality tv showWhy would i be I watch this? Well I grew up frugal and I was just curious on what rich people do with their money. Best practices etc.I also tend to watch shows that have a finite endings there were just 6 episodes so I can get to something more productive. Movies... I love them cause they are done. Except marvel movies which there are like 30-40 of them but they are good so anyway2a) Stay till the end because I am going to be giving away free book on QRPs which is going to allow you to unlock your retirement funds to invest in hard assets such as real estate.1b) I’m going to show you the______ 2b) At the end we will be giving you access to the______ so you can ______Topic: Netflix’s Bling Empire takeaways1) Best practices1a) Parties - net worth equals net worth - 1b) good food, paid venues and at home parties, birthday/baby parties1c) caviar - I have to try that - very different from my Ready made food from Don Quiote which you can watch a video about that in my channel4) There was a point in the show where a couple of the guys were tracking down the parent of another on of their friends and I think they need to go to Tennessee or something.4a) Freedom to go when ever they wanted - time freedom!4b) A couple times the use of private jets were shown. Jets are cool but on another level they are the only thing that can compress time. And TIME is our most important resource.CTAMID: a) Before I go on please do me a favor and like/comment/questionb) Help us work up the Youtube Algorithm to reach more people and grow our community by liking this video or even better commenting or asking questions which I will go in later and try to respond.3) Cars/Clothes3a) I don't get it... high brand clothing - Hermes3b) everyone has their Style - I like things that are simple and don't have to worry about3c) Cars did not seem to be a big emphasis when they did flash them on the screen. Sure there was a bentley here and there but it did not seem to get as much recognition and a designer brand dress or shirt.That said I am working on a future video where I dissect buying or leasing cars. Hint buying used cars are the way to go but I'll break it down. So if you want to hear it please like here and it will give me the motivation to get that video out to you soon. I am currently in the middle of the negotiation for my next ride and I'm not going to lie... its really fun. It's not where near the high stakes of negotiating for 20M+ apartment buildings which are the foundation of my investing portfolio.The last takeaway from Bling empire 2) Blissful carefree - despite the obvious petty drama2a) perhaps abundance mindset2b) I work with a lot of people trying to accumulate their first 250k heck 1M and they have this white knuckle mentality - 5 dollar Simple Passive Cashflow Latte - http://simplepassivecashflow.com/the-...2c) Recently I was working with a Student on how they were very close to financial freedom and we were talking about them lightning up. Spending a little bit more even thought this is what you never hear!!!Spending money on dumb things is difficult for me still but I am trying to work on it. You never know when you time up here is over and you can't take any of your money or streams of passive income with you.Maybe we should be more like the folks on BECTA Before I let you know how to get this video’s bonus/easter egg/giveaway…. if you like this go to the SPC podcast and go to SimplePassiveCashflow.com subscribe and click the like button - I really appreciate itNow for that free bonus/easter egg - see the link in the commentsIf you are a high net worth Passive Investor and using a 401k or Self directed IRA? You are doing it all wrong! Check out SimplePassiveCashflow.com/qrp which avoids UDFI and UBIT tax and claim the free book there.What is it that you recently spend money on that was a little impractical? Lets get a dialogue. Hosted on Acast. See acast.com/privacy for more information.

COMMUNICATION is vital in preparing the next generation to accept, safeguard and spring up the wealth that you’re going to pass through them.Don’t just pass on wealth. Be grateful.Join us at simplepassivecashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

Website Link: SimplePassiveCashflow.com/turnkeyWebsite Link: SimplePassiveCashflow.com/returns🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.

Website Link: SimplePassiveCashflow.com/ROETranscript1a) I’m going to be talking about why you should not pay off your student loans2b) At the end we will be giving you access to the return on equity calculator so you can really start to dissect how much assets are putting money into your net worth at the expense of some major and minor debts.I'm going to Start very simply that this is essentially an arbitrage of interest rate.Some debts like credit card consumer debt at 6-20%+ are obviously hurting you more than you would be able to reasonably invest.For starters we are going to assume that a stable investment in a 10-20% a year baseline. Sure I have seen deals out there inside and especially outside of real estate yield higher than 20-40% a year but we are going to disregard that as our standard that we compare to because I consider that gambling. Some people are wondering well I invest in bonds are very stable funds that make a much lower yield. And for those people I would say you need to expand outside the retail realm for better non RETAIL returns. This is the problem with institutional investments AKA retail garbage... mostly found in the cafeteria 401k options.But what about student loans that are between that 3-7% range?Well 3-7% is less than what you could reasonably expect to invest in a standard non-retail investment product such as a rental property. And therefore you should not pay off the debt and invest and make money on the arbitrage.This is what banks do. They play this arbitration game to make money. There is some risk on an individual basis but when banks get scale (as you should too buy buying more diversified assets) the risk is taken out and you grow your net worth more. Lets talk about the obvious notions people have:"I just want to feel comfortable and be debt free" or "All debt is bad" - The wealth do not care about the amount of debt but what they do focus on is the cashflow and the impact to their net worth. In this case by not paying off the debt and buying assets that make our net worth greater than in the end. As far as cashflow keep listening to this channel because we will keep talking about this concept of prudent cashflow as opposed to the buy low sell high mistake that most investors go after.2) If you went to school you likely follow rules a bit. We are not say totally neglect your debt but merely pay the minimums so you do not go into default. But still yes this goes against everything society taught you. And I'm sorry for those "upholders" out there. Those people who come to a complete stop at every stop sign even when no one around you."Look at stop sign"3) if you don't believe me just run the numbers on you own. Numbers don't lie.. people doIf you took that money they you would have paid down that student debt and saved up 20k to buy a rental and then took the cashflow/tax benefits. mortgage paydown/equity growth, and appreciation you get from that property then your net worth would be far greater than if you merely chased the good feeling of being of paying off your loan.4) Inflation in this country. How else are we going to pay off these government entitlement programs but with higher taxes and inflation. Everyone gives our country a lot of crap about our running debt ticker"oh the debt" OH myBut our country is smart because we know that by keep racking up our debt and pushing it to the future means that in the future we pay our debts with future dollars. This basically makes our debts less by extending out the payback period.Think about it if you borrowed 30k from you friend 30 years ago which was the price of a house back then you lock in that payment and pay it off today with 30k. When now that house is worth 150k today!Be smart and use inflation to your benefit. I call this inflation caused debt decay.CTAMID: If you like that (got value from that) please click that "like button" below and support the channel 😁4) Where is all this going?4a) Hey guys don't just go off what makes you feel comfortable or what society wants you to do. Think for yourself. And I admit I made these same mistakes myself by making extra payments to my student loans and mortgage principal. But as I got smarter and started to learn the secrets of the wealthy I found that it was a mistake.Only take financial advice from those who are financially free and focus on buying assets that make you money.CTA Before I let you know how to get this video’s bonus/easter egg/giveaway…. if you like this go to the SPC podcast and go to SimplePassiveCashflow.com subscribe and click the like button - I really appreciate it Hosted on Acast. See acast.com/privacy for more information.

Transcript1a) I’m going to be talking about why you should not pay off your student loans2b) At the end we will be giving you access to the return on equity calculator so you can really start to dissect how much assets are putting money into your net worth at the expense of some major and minor debts.I'm going to Start very simply that this is essentially an arbitrage of interest rate.Some debts like credit card consumer debt at 6-20%+ are obviously hurting you more than you would be able to reasonably invest.For starters we are going to assume that a stable investment in a 10-20% a year baseline. Sure I have seen deals out there inside and especially outside of real estate yield higher than 20-40% a year but we are going to disregard that as our standard that we compare to because I consider that gambling. Some people are wondering well I invest in bonds are very stable funds that make a much lower yield. And for those people I would say you need to expand outside the retail realm for better non RETAIL returns. This is the problem with institutional investments AKA retail garbage... mostly found in the cafeteria 401k options.But what about student loans that are between that 3-7% range?Well 3-7% is less than what you could reasonably expect to invest in a standard non-retail investment product such as a rental property. And therefore you should not pay off the debt and invest and make money on the arbitrage.This is what banks do. They play this arbitration game to make money. There is some risk on an individual basis but when banks get scale (as you should too buy buying more diversified assets) the risk is taken out and you grow your net worth more. Lets talk about the obvious notions people have:"I just want to feel comfortable and be debt free" or "All debt is bad" - The wealth do not care about the amount of debt but what they do focus on is the cashflow and the impact to their net worth. In this case by not paying off the debt and buying assets that make our net worth greater than in the end. As far as cashflow keep listening to this channel because we will keep talking about this concept of prudent cashflow as opposed to the buy low sell high mistake that most investors go after.2) If you went to school you likely follow rules a bit. We are not say totally neglect your debt but merely pay the minimums so you do not go into default. But still yes this goes against everything society taught you. And I'm sorry for those "upholders" out there. Those people who come to a complete stop at every stop sign even when no one around you."Look at stop sign"3) if you don't believe me just run the numbers on you own. Numbers don't lie.. people doIf you took that money they you would have paid down that student debt and saved up 20k to buy a rental and then took the cashflow/tax benefits. mortgage paydown/equity growth, and appreciation you get from that property then your net worth would be far greater than if you merely chased the good feeling of being of paying off your loan.4) Inflation in this country. How else are we going to pay off these government entitlement programs but with higher taxes and inflation. Everyone gives our country a lot of crap about our running debt ticker"oh the debt" OH myBut our country is smart because we know that by keep racking up our debt and pushing it to the future means that in the future we pay our debts with future dollars. This basically makes our debts less by extending out the payback period.Think about it if you borrowed 30k from you friend 30 years ago which was the price of a house back then you lock in that payment and pay it off today with 30k. When now that house is worth 150k today!Be smart and use inflation to your benefit. I call this inflation caused debt decay.CTAMID: If you like that (got value from that) please click that "like button" below and support the channel 😁4) Where is all this going?4a) Hey guys don't just go off what makes you feel comfortable or what society wants you to do. Think for yourself. And I admit I made these same mistakes myself by making extra payments to my student loans and mortgage principal. But as I got smarter and started to learn the secrets of the wealthy I found that it was a mistake.Only take financial advice from those who are financially free and focus on buying assets that make you money.CTA Before I let you know how to get this video’s bonus/easter egg/giveaway…. if you like this go to the SPC podcast and go to SimplePassiveCashflow.com subscribe and click the like button - I really appreciate it Hosted on Acast. See acast.com/privacy for more information.

Start learning about real estate investing - SimplePassiveCashflow.com/start Hosted on Acast. See acast.com/privacy for more information.