The Del Walmsley Radio Show

  Do you know your exact net worth right now? Most people don't—and that's where the trouble begins. This episode cuts through the financial fog to reveal a monthly tracking process that separates those who build wealth from those who simply hope for it. You'll hear three remarkable stories that sound almost unbelievable: A spouse who secretly invested grocery money for 15 years. A professional who walked away from a corporate career and restructured everything after divorce. A housewife who moved to Paris. These aren't fairy tales—they're real examples of what happens when someone stops waiting and starts tracking. What You'll Discover The specific balance sheet and income statement process financially successful people use monthly—and why most avoid it even though they know they should Why money problems rank as the number one cause of divorce, and the hidden power dynamics that prevent couples from having honest financial conversations Three detailed case studies of individuals who built real estate portfolios despite resistance, secrecy, or complete lack of support from those closest to them Key Timestamps 02:10 The Monthly Counting Process - The exact tracking system used to monitor net worth and income, including what goes on your balance sheet and why most people would rather avoid looking at the numbers 08:30 Realized vs. Unrealized Income - Why your 401(k) might not pay you a single dime for 30 years, and the critical difference between assets that generate cash flow versus those that just sit on paper 13:09 The 15-Year Secret - How one spouse quietly invested grocery and laundry money for 15 years, building substantial real estate equity without telling their partner—discovered only on her deathbed 19:20 The Divorce That Changed Everything - A strategic divorce settlement negotiation led to real estate acquisitions and a completely restructured financial life within twelve months 26:10 From Corporate Executive's Wife to Paris - The story of a highly educated woman who went from housewife to apartment complex owner to international living after her marriage ended FAQs ...

  Have you ever wondered whether conventional retirement wisdom actually works? This episode digs into real questions from real listeners wrestling with investment decisions right now. From analyzing the famous 4% drawdown rule to evaluating an unusual student housing opportunity, these aren't theoretical discussions—they're practical scenarios that reveal how investment strategies actually play out. The mailbag format uncovers something valuable: the gap between what financial planning textbooks says and what actually works in practice. Whether you're questioning your own retirement approach, considering an unconventional opportunity, or wondering if you're even ready to start investing, these conversations explore the thinking process behind making informed decisions when the stakes are real. What You'll Discover Why a retirement planning rule created in 1994 might not work in today's financial environment—and what factors have changed since it was developed How to analyze an unconventional opportunity like student housing—examining the factors beyond surface-level appeal to determine if it fits your investment approach What it actually takes to start investing in real estate, including the honest assessment of credit scores, capital requirements, and realistic timeline expectations Key Timestamps 01:22 The 4% Drawdown Rule Examined - Breaking down how this widely-used retirement planning strategy was created, what assumptions it makes, and why those assumptions may no longer hold true in current market conditions 09:20 Student Housing Opportunity Analysis - A listener presents a university town scenario with limited competition and older properties. Learn the analytical framework for evaluating whether an opportunity is worth pursuing—even when it looks promising on the surface 18:27 Starting with Limited Resources - A 52-year-old listener with limited savings and challenging credit asks about getting started. The honest assessment of what's actually required and what timeline makes sense 22:43 Tax Strategy Question on IRA Distributions - Exploring whether passive real estate can offset required minimum distributions from an inherited IRA, including the difference between passive and active investor tax treatment 30:24 When Complexity Becomes the Problem - Examining how multiple income streams, businesses, and activities can create overwhelming complexity rather than building toward a clear...

  After 35 years in real estate investing, certain principles have remained remarkably consistent. This episode examines what distinguishes real estate from traditional investment vehicles and why specific approaches continue working across different market cycles. The conversation reveals seven distinct advantages worth exploring: generating monthly cash flow, leveraging borrowed capital, benefiting from appreciation and mortgage reduction, gaining tax advantages through depreciation, diversifying beyond market volatility, and capturing equity through strategic acquisitions. The episode walks through these concepts with real-world context, explaining how each advantage functions within an investment strategy. What You'll Discover Why cash flow from investment properties differs fundamentally from savings accounts or retirement plans, and how monthly income changes your relationship with work and financial planning The leverage approach discussed in real estate investing, including how borrowed capital works differently than in other asset classes and what factors influence the mathematics of leverage How depreciation works within the tax code and what the discussion reveals about timing of tax obligations across property ownership and generational transfers Key Timestamps 03:48 Conversations About Generational Wealth Planning - Discussion explores the types of financial planning conversations that become possible after building passive income, including trust structures, legacy considerations, and multi-generational asset transfers. 08:40 The Cash Flow Reality Most People Miss - Exploration of why having investments that send monthly distributions fundamentally differs from contributing to accounts that only grow on paper, and how this shift changes financial psychology. 11:20 From Single-Family Homes to Four-Plexes - Real-world progression from individual rental properties to duplexes to four-plexes, demonstrating how investors systematically scale their portfolios by consolidating rental units geographically. 18:30 Understanding Self-Collateralization in Real Estate - Explanation of how real estate functions as its own collateral for borrowing, distinguishing this from credit-based lending in other investment types. 26:00 Capturing Equity Through Strategic Acquisitions - Breakdown of the mathematical approach to buying properties below market value, adding strategic improvements, and buildi...

  Ever wondered what AI really knows about retirement? The results might shock you. This episode reveals what happens when you ask artificial intelligence about America's retirement reality—and the answers expose a broken system keeping most people working well into their 60s. Through a fascinating AI experiment, discover why less than 1% of Americans manage to leave their jobs before 40, and why the conventional "save and hope" approach fails so many. But more importantly, learn about the strategic alternative that's been helping people build freedom decades earlier through real estate education and cash flow investing. What You'll Discover The surprising data AI reveals about when Americans actually retire (and why it's so much later than most people realize) How the conventional retirement model is designed around depleting savings rather than building sustainable income streams The strategic framework for building cash-flowing properties that can replace earned income Key Timestamps 02:45 The AI Search Experiment - What happens when you ask artificial intelligence about retirement age in America and why the answers reveal a troubling pattern 08:30 The Under-40 Retirement Reality - Discovering that less than 1% of Americans retire before age 40 and what keeps the other 99% working 13:45 The Real Estate Alternative Question - How asking AI about real estate income produces completely different results than traditional retirement questions 18:30 The Five Strategic Steps - Understanding the framework for building cash flow, from calculating income needs to property management decisions 28:30 The Job-Freedom Paradox - Why having passive income can actually make you more valuable at work and give you unprecedented negotiating power FAQs Why does AI show such different retirement possibilities depending on how you ask the question? The search revealed that conventional retirement questions return answers based on Social Security and savings depletion, while questions about...

  Morning reflections in a garden setting sparked an exploration into why financial success remains elusive for most people. Today's discussion reveals how wealth building represents "esoteric knowledge" - information understood only by those who actively seek it out. The conversation examines what happens when you research life's most important elements and discover that financial security ranks alongside health and relationships. Yet most people never pursue this knowledge, remaining trapped in what's described as a "gerbil wheel" existence, focused solely on survival rather than growth and prosperity. What You'll Discover Why wealth building remains specialized knowledge that only certain people pursue and understand The three essential pillars of life success and how they work together How social circles influence financial outcomes and the challenge of breaking free from limiting groups Key Timestamps 05:49 The Esoteric Definition - Exploring why financial success requires specialized knowledge and interest 08:19 The Gerbil Wheel Reality - Understanding why most people focus only on survival instead of building wealth 10:30 The Five People Principle - How your social circle determines your financial level and the difficulty of moving up 18:48 Why Money Really Matters - The fundamental reasons financial security impacts every aspect of life 25:09 The More vs Better Evolution - How wealth building transforms from accumulating to optimizing FAQs Why do some people never seem interested in building wealth? The discussion reveals that most people operate in survival mode, focused only on basic necessities. They haven't discovered that wealth building represents learnable skills available to anyone willing to seek out the right knowledge and community. How...

Nathan and Stacey Milner share their journey from corporate professionals to real estate investors who own multiple multifamily properties. Nathan previously worked as VP of operations for an event management company that required regular travel, while Stacey worked in the wedding industry before becoming a stay-at-home mom managing their rental properties. What makes their conversation valuable is their candid discussion of early mistakes and lessons learned. They reveal how paying cash for one of their early rental properties taught them about the importance of leverage in real estate investing. Their experience demonstrates how education and strategic thinking can help busy professionals build a real estate portfolio while maintaining family priorities. What You'll Discover How one family transitioned from single-family to multifamily real estate investing using proper leverage strategies The education insights that helped them understand how to finance properties more effectively Why building relationships with local lenders can make purchasing investment properties easier Key Timestamps 03:01 Getting Started by Accident - How a short sale purchase led to their first rental property investment experience 06:02 The Education Impact - Discussion of attending a two-day workshop and learning about leverage strategies for real estate investing 14:30 Life After Corporate Jobs - How they've structured their lives after leaving traditional employment to focus on real estate 19:02 Property Selection Insights - What they look for when evaluating potential investment properties and why some deals don't work 28:36 Perspectives on Control - Nathan and Stacey discuss what they value most about their current approach to building wealth FAQs How did Nathan and Stacey get started in real estate investing? They began somewhat accidentally with a short sale purchase that they decided to keep as a rental property. They initially made the mistake of paying cash for one of their early properties before learning about the benefits of using leverage through proper financing strategies.

Ever wonder why some people struggle for years trying to find profitable real estate deals while others seem to find properties regularly? This episode examines two detailed listener questions that reveal common misconceptions about real estate investing and tax strategy. The discussion covers concepts including required minimum distributions from inherited IRAs, how recent tax law changes may create opportunities, and why traditional property hunting methods often don't produce the desired results. You'll explore the differences between various real estate acquisition approaches. What You'll Discover How inherited IRA distributions might be managed using real estate depreciation benefits and why passive versus active investor status matters for tax considerations The specific reasons why courthouse auctions, tax lien searches, and distressed property hunting often fail to produce profitable deals for individual investors Why some real estate groups appear to find properties while individuals may search unsuccessfully using certain methods Key Timestamps 07:35 IRA Tax Strategy Discussion - Examination of required minimum distributions and how real estate depreciation might offset tax burdens, including income bracket considerations 10:45 Bonus Depreciation Explanation - Discussion of current tax law changes allowing accelerated depreciation deductions and their potential applications 15:45 Business vs. Investment Analysis - Analysis of why focusing on tax savings instead of income generation might limit wealth building approaches 23:05 Property Acquisition Challenges - Explanation of why courthouse auctions and tax lien strategies often don't work for individual investors 26:00 Alternative Acquisition Methods - Overview of how some real estate groups find and finance properties using hard money lending relationships FAQs Can real estate investments help with taxes on IRA distributions? The discussion suggests this depends on your income level and investor status. Passive real estate investments may offer limited tax benefits against IRA income, while active real estate professionals might be able t...

What happens when artificial intelligence analyzes real estate investing advantages? After searching through numerous articles, AI delivered insights that highlight key differences between traditional retirement strategies and real estate approaches. This episode explores what AI discovered about real estate investing and examines what the analysis might have missed. From cash flow considerations to wealth building through leverage, discover how different investment approaches create varying outcomes for long-term financial planning. What You'll Discover How AI's comprehensive article search revealed top reasons for real estate investing and what traditional financial planning discussions often overlook Why rental properties can generate immediate cash flow while retirement accounts require ongoing contributions, plus how tenant payments work within investment strategies The concept of captured equity through strategic property purchases and how leverage affects appreciation calculations in real estate investments Key Timestamps 01:30 AI Investment Research Process - The process of AI searching through multiple articles to compile investment analysis and what this reveals about comprehensive research 06:00 Cash Flow vs Contribution Analysis - Comparing how rental properties generate income while retirement accounts require monthly contributions over extended periods 13:00 Tax Considerations in Real Estate - Understanding refinancing options and 1031 exchanges as methods to access investment value with different tax implications 20:30 Captured Equity Concept - How strategic property purchases can create immediate equity positions that differ from traditional market investments 25:00 Leverage Impact on Returns - Mathematical examples of how leverage affects appreciation calculations in real estate compared to non-leveraged investments FAQs What did the AI analysis reveal about real estate investing? The AI search identified benefits including income generation potential, property appreciation possibilities, inflation considerations, tax advantages, and portfolio diversification options that different...

Tracy and Jennifer share their real estate investment evolution from individual property ownership to leading their first multifamily syndication. Their conversation reveals the importance of proper mentorship, relationship building, and persistence when facing investment challenges. Their discussion covers the transition from single-family investing to syndication leadership, including the mental shifts required and practical steps involved in building investor confidence. What emerges is a story about partnership, learning from setbacks, and the value of community support in real estate investing. What You'll Discover The role relationship building plays in successful capital raising and investor confidence How complementary partnership dynamics can accelerate investment decision-making processes The educational pathway differences between single-family investing and multifamily syndication leadership Key Timestamps 05:30 Early Investment Challenges - Tracy discusses her first real estate experience and lessons learned about mentor selection 13:20 Investment Strategy Insights - Jennifer explains her understanding of property investment approaches and systematic thinking 25:15 Deal Evaluation Process - Discussion of analyzing multifamily properties and working with mentors 29:00 Investor Relationship Building - How relationship development occurs before specific deal opportunities 32:40 Managing Unexpected Situations - Handling changes in deal structure and maintaining investor communication FAQs How does someone rebuild confidence after a challenging first real estate experience? Tracy's experience shows the importance of finding proper mentorship, building relationships with experienced professionals, and taking gradual steps through education and community support to rebuild investing confidence. What distinguishes individual property investing from syndication leadership? ...

Most people follow the conventional financial approach: work for decades, save in retirement accounts, and hope there's enough when they stop working. This episode examines why this traditional model may have serious flaws and explores how some investors are taking a different path through real estate. You'll hear about the challenges with conventional retirement planning, different perspectives on homeownership strategies, and how real estate investing can create ongoing cash flow. The discussion covers various investment approaches and shares insights from decades of experience in the field. What You'll Discover Why traditional retirement plans may lack cash flow and what alternative approaches some investors are using instead Different real estate investment paths including single-family, multi-family, and passive investing strategies How financing strategies can potentially reduce upfront investment requirements in real estate deals Key Timestamps 03:45 Traditional Retirement Planning Challenges - Discussion of why conventional approaches may fall short and lack ongoing income 16:20 Three Different Investment Approaches - Overview of single-family, multi-family, and passive investing paths and decision-making considerations 25:40 Track Record and Results - Information about industry recognition and award history over multiple years 27:00 Real Estate Deal Structure - How property acquisition and financing strategies work in practice 30:15 Cash Flow Concepts - Comparison between different approaches to property ownership and mortgage payments FAQs How does real estate investing differ from traditional retirement planning? Traditional approaches typically involve saving money over time, while real estate investing focuses on acquiring assets that can generate ongoing cash flow while you own them. What are the different ways to get involved in real estate investing?

This episode compares two different investment approaches - putting money into a 401k versus buying rental real estate. The discussion walks through how each path affects your monthly cash flow over decades and explores the concept of leverage in real estate investing.   You'll also hear about the 35th anniversary celebration, including a special membership offer and upcoming events in Dallas where you can meet other investors and ask questions about their experiences. The conversation touches on what's involved in learning real estate investing and begins to explore how the rental business operates.   What You'll Discover A side-by-side comparison of how 401k contributions versus rental property ownership might affect your monthly finances over time How leverage works in real estate investing compared to retirement account contributions, including the role of tenant payments Details about upcoming anniversary events and opportunities to connect with other investors who have experience with these approaches   Key Timestamps 07:30 The Cash Flow Comparison - Walking through how money flows differently with 401k contributions versus rental property ownership 12:30 Appreciation Potential - Discussing how both real estate and stock investments can grow in value over time 15:50 Leverage Concepts - Explaining how you can control real estate assets using bank financing versus saving full amounts in retirement accounts 18:30 Anniversary Celebration Details - Information about the 35th anniversary road tour and upcoming Dallas events 30:15 Rental Business Nature - Beginning to explore how the rental real estate business operates differently   FAQs How do the cash flow patterns differ between these two approaches? The discussion suggests that with 401k investing, you're taking money out of your monthly budget for decades, while with rental real estate, you might receive monthly cash flow from tenants who also pay down your mortgage over time.   What role does leverage play in real estate investing? The conversation explains that you can use bank financing to control valuable real estate assets with smaller down payments, which differs from retirement accounts where you must contribute the full amount gradually over time.   What anniversary event...

Meet Keenan Kimble, a 29-year-old development permit enforcer who discovered a different perspective on earning income after reading a portion of Rich Dad Poor Dad. Like many young professionals, he was accustomed to trading time for money—until he encountered concepts that opened his eyes to alternative approaches for building wealth.   His journey reveals the mental barriers that can keep people stuck, the insights that sparked his interest in real estate investing, and what he experienced when he received his first rental payment. Keenan shares the fear and hesitation he faced, how he overcame analysis paralysis, and the process of going from complete beginner to owning multiple properties.   What You'll Discover The tax-related insight that shifted Keenan's understanding of how different income sources are treated How fear and analysis paralysis affected his early property search, and what finally motivated him to move forward What Keenan experienced when he received his first rental payment and how it differed from his W-2 income   Key Timestamps 08:49 Tax Strategy Discussion - Conversation about how tax treatment differs between earned income and rental property income 12:06 Income Comparison Insights - Exploring the relationship between earned income, taxes, and passive income needs 16:40 Overcoming Initial Hesitation - How analysis paralysis affected early deal evaluation and what led to taking action 23:03 First Rental Payment Experience - Keenan describes receiving his first rental payment and how it differed from traditional income 28:00 Building Confidence Through Experience - How the property acquisition process evolved from first to third purchase   FAQs How do you overcome the fear of making your first real estate investment? According to the discussion, fear is normal for beginners. The conversation suggests that at some point, you may need to commit to moving forward with a property and focus on making it work rather than endlessly searching for the perfect opportunity. What should someone expect when starting in real estate investing? The episode discusses the importance of education first, working with experienced professionals, and understanding that the learning process involves both study and practical application. How does re...

September 4th marks exactly 35 years since the founding of a real estate education company that has weathered every market cycle, recession, and economic shift while countless competitors came and went. What separates lasting education from programs that disappear after a few years?          This milestone episode explores key principles that have remained unchanged for over three decades and the evolution of real estate education delivery. From the early days of computer kiosk training to today's online accessibility, discover what factors to consider when choosing your path to financial education.             What You'll Discover            Why a significant percentage of this organization's members come through referrals rather than advertising, and what this reveals about education approaches       The distinction between having a job and exploring passive income concepts that don't require active time trading       How changing market conditions can create different opportunities for educated investors                  Key Timestamps     02:30 The Full Circle Moment - Why second-generation investors are now joining the same program their parents used decades ago     07:00 What Made the Difference - The discovery about where most of this organization's members actually come from     13:00 The Monthly Check Reality - A candid discussion about what passive income might look like in practice     19:30 Breaking Free from Job Limitations - Why traditional education prepares you for employment but not wealth building concepts     24:00 The Survivor Test - How decades of market cycles can separate different education approaches             FAQs            What happens to real estate education companies that don't last?       Many programs that focus on quick results disappear within a few years, often after regulatory issues or when market conditions expose flawed strategies. Longevity in education may indicate approaches that work across different economic cycles.                 Why do some people succeed in real estate while others don't?       Success often relates to taking action rather than just consuming information. Many people gather knowledge but never implement what they learn, while others start with basic education and build systematically.          

After 35 years of building wealth through real estate, one fundamental truth emerges: assets create lasting wealth while side hustles create temporary income. This episode reveals why the difference between owning assets and chasing the latest money-making trend determines your financial future.   Discover how a strategic approach to property ownership illustrates the compound power of real estate investing. Learn why the current wave of online income strategies often leaves people working harder without building true wealth, and explore the mindset shift that separates those who build generational wealth from those who stay trapped in the hustle cycle.   What You'll Discover Why focusing on assets instead of side hustles creates wealth that compounds automatically over decades How a strategic property investment approach demonstrates the reality of real estate appreciation and cash flow The crucial difference between working for money and having your money work for you through asset ownership   Key Timestamps 00:32 The 35-Year Foundation - Why starting Lifestyles Unlimited as an asset-building system rather than a business hustle made all the difference 07:40 The Property Investment Example - Breaking down how strategic real estate purchases demonstrate wealth building over time 16:20 The Asset Foundation Principle - Why building your wealth foundation early creates exponential results later 21:30 Special Membership Opportunity - Upcoming events and listening tour plans 30:40 Assets vs Inflation Protection - How real estate keeps pace with economic growth while side hustles leave you behind   FAQs What's the main difference between building wealth through assets versus side hustles? Assets work for you continuously, generating income and appreciating in value without requiring your constant attention. Side hustles require you to actively work to generate income, making them essentially another job rather than true wealth building. How does real estate create wealth over extended periods? The combination of property appreciation, positive cash flow, and mortgage paydown creates multiple wealth streams. Real estate provides both ongoing rental income and long-term value growth when held over extended periods. Why is real estate considered better pro...

Feeling trapped in corporate life? Robert Hale understands that frustration. After 20 years in oil and gas, rising from engineer to regional manager, he discovered that climbing the corporate ladder often brings more bureaucracy and challenging boardroom dynamics. His journey from experienced professional to successful real estate investor shows how one conversation can shift your entire perspective.   What started as a casual radio listen during a Sunday gas stop became a complete career transformation. Robert shares his progression from curious listener to passive investor to mentor, demonstrating how following proven strategies can create new possibilities beyond traditional corporate paths.   What You'll Discover How corporate frustration can become the catalyst for exploring real estate investing opportunities that change your perspective The strategic approach to transitioning from passive syndication investments to becoming a lead investor and mentor Why the first 90 days after acquiring a property are critical, and the specific actions that create immediate community impact   Key Timestamps 01:23 The Corporate Reality - Robert describes the challenging environment that motivated him to explore alternatives beyond traditional career advancement 02:30 The Sunday That Sparked Interest - How hearing one radio show question about savings sparked curiosity about passive income concepts 09:46 Starting with Passive Investments - The strategic approach to building experience through passive syndication deals while learning from other investors 13:46 The Transition to Lead Investor - What convinced an engineer to move from passive investments to actively leading real estate projects 23:13 The Critical First 90 Days - Essential strategies for creating immediate impact and community transformation after property acquisition   FAQs What convinced Robert to transition from passive investing to becoming a lead investor? His engineering and project management background aligned well with real estate operations, plus the comprehensive support system of mentors and consultants made the transition feel more achievable. How does someone overcome hesitation about getting started in real estate investing? Robert observes that new investors often struggle with either being overzealous about any opportunity, or being hesitant about negotiation. Having experienced mentors who can guide decision-making helps provide confidence. ...

What if the stress you're avoiding could actually set you free? While others debate whether physical fitness challenges are "too dangerous," there's a deeper parallel most people miss entirely.   The same principle that transforms your body through progressive resistance might apply to your financial life. This episode explores how different types of stress affect your wealth-building journey, and why most people choose the stress that destroys rather than the stress that builds.   You'll hear about research that suggests chronic financial worry can impact everything from sleep patterns to relationship dynamics. The discussion also covers why people often avoid financial improvement strategies using excuses about being "too poor," "too rich," "too young," or "too old" - when the real issue might be something entirely different.   What You'll Discover The progressive resistance principle from fitness and how it might apply to financial growth, including why avoiding all financial stress could keep you trapped in your current situation What research reveals about the psychological and physical impact of financial insecurity, and how it potentially affects sleep disturbances, high blood pressure, and relationship dynamics The social isolation effect of financial stress and how surrounding yourself with like-minded people discussing financial goals might create psychological freedom   Key Timestamps 03:45 The Push-Up Parallel - Discussion of how starting with what seems impossible can lead to progress through gradual adaptation and progressive challenge 11:00 The Research Results - Exploration of what collective research suggests about the psychological drain and physical manifestations of financial insecurity 18:30 The Social Impact - How financial stress can create shame leading to social withdrawal and isolation from potentially helpful connections 25:45 The Community Aspect - Discussion of how connecting with others who share similar financial goals can provide psychological support 34:30 The Anniversary Event - Information about an upcoming educational workshop and networking opportunity   FAQs How might financial stress physically impact your body? The episode discusses research suggesting chronic financial worry can trigger stress responses that may manifest as sleep disturbances, high blood pressure, digestive issues, and increased cortisol levels.   What's the difference between productive stress and destructive stress? Productive stress comes from challenging yourself to grow (like exercise or strategic investments), while destructive stress comes from feeling trapped with no clear path forward.   Why do people avoid taking action on financial improvement?

The gig economy promises freedom, but delivers financial uncertainty. Most people working gigs face higher taxes, zero job security, and no clear path to retirement. What if there was a way to combine gig work with passive income?   Del explores how the gig economy might actually complement real estate investing perfectly. He discusses the tax challenges gig workers face and reveals how qualifying as a real estate professional could potentially offset those disadvantages. This episode examines both the problems with gig work and the possibilities when you add passive income to the mix.   What You'll Discover Why the gig economy might perfectly complement passive income streams from real estate investing The specific tax burden you face as an independent contractor and how real estate professional status could help Why Del's personal transition to passive income allowed him the flexibility to pursue different business ventures   Key Timestamps 03:00 The Perfect Match Revelation - Why passive income and gig work create the ultimate combination for freedom and security 10:30 The Tax Reality Shock - Independent contractors pay both sides of Social Security and Medicare, potentially doubling your tax burden 12:30 The Real Estate Professional Advantage - How working 740 hours annually in real estate activities can qualify gig workers for tax advantages 15:58 The AI Retirement Reality - Why artificial intelligence has no real answers for gig worker retirement beyond traditional failed strategies 22:45 The Job Security Truth - Del's father's lesson about performance percentiles and why job security depends on where you rank   FAQs How do gig workers handle retirement without traditional benefits? Del explains that traditional advice tells gig workers to save money in retirement accounts just like employees, but artificial intelligence couldn't provide better guidance than basic savings strategies. The alternative involves building passive income streams that provide security whether you're working gigs or not.   What tax advantages can gig workers get that employees can't? Independent contractors face higher tax burdens, potentially paying both employer and employee portions of Social Security and Medicare taxes, but they can also qualify as real estate professionals if they work the required hours in real estate activities. This allows them to use passive losses from real estate to offset their gig income.   How does passive income complement gig work? Del explains that passive income from real estate provides regular monthly income whether you're working gigs or not. This gives you a financial foundation while maintaining the flexibility that gig work offers.   Ready? Follow the Roadmap Today

Tell Del Tuesday Special: 35th Anniversary Edition   What does it take to transform from skeptical corporate professionals to financially free real estate investors? Today's guests, Peggy and Leo Morgan, joined Lifestyles Unlimited in 2014 during a personal financial crisis and discovered something that changed everything about their approach to wealth building.   As a former banker, Peggy had every reason to be suspicious of real estate "schemes." As a career salesman, Leo understood sales tactics better than most. Yet something about the Lifestyles Unlimited approach broke through their professional skepticism and led them to get into 10 deals in their first year.   Their transformation story reveals the critical mindset shifts that separate those who achieve financial freedom from those who remain trapped in corporate life. From building their portfolio through strategic refinancing to positioning themselves for the current market upswing, their journey demonstrates what becomes possible when you stop contemplating and start implementing.   What You'll Discover The breakthrough realization that convinced a skeptical banker and experienced salesman to trust the Lifestyles Unlimited system Why focusing on both the deal and the syndicator creates better investment outcomes than choosing just one approach The "Don't Eat Your Seed Corn" strategy that builds portfolio wealth through strategic refinancing and reinvestment   Key Timestamps 02:45 The Skeptic's Journey - How a banker's due diligence process uncovered the credibility markers that broke through years of professional wariness 10:35 The Networking Strategy - Leo's approach to meeting every single lead in the system and how this aggressive networking strategy accelerated their success 12:15 Horse vs Jockey Revelation - Del's critical question about deal quality versus syndicator expertise and how 11 years of experience changed their perspective 16:45 Market Cycle Mastery - The education problem that emerged during recent market changes and why Del returned to intensive member teaching 21:15 Seed Corn Strategy Explained - How strategic refinancing and reinvestment builds portfolio wealth while maintaining cash flow security   FAQs What convinced a professional banker to overcome skepticism about real estate investing? The credibility came from verifiable third-party validation - seeing National Apartment Association award winners' names on the official website, meeting mortgage brokers and real estate professionals who vouched for the organization, and discovering permanent brick-and-mortar offices instead of temporary hotel seminars. The combination of trackable achievements and professional endorsements from industry insiders provided the proof needed.   How important is the syndicator versus the deal qualit...

What if the biggest barrier to real estate investing isn't what you think it is? After 35 years in the business, Del Walmsley has seen every excuse, every fear, and every rationalization that keeps people stuck. Today, he's breaking down the real reasons you haven't started investing yet—and more importantly, showing you exactly how to overcome them.   This isn't your typical motivational talk. Del dives deep into the psychology behind investment paralysis, revealing how perceived barriers like "high capital requirements" and "market complexity" are often just smoke screens for deeper fears. He explains the hard money lending system that can get you started with minimal out-of-pocket investment and why market downturns actually create the best opportunities.   But here's what makes this episode different: Del is celebrating Lifestyles Unlimited's 35th anniversary with a completely revamped seminar that includes not just the basics, but decades of hard-learned lessons about what goes wrong and how to avoid it. He's pulling back the curtain on 35 years of member mistakes, market cycles, and breakthrough strategies.   What You'll Discover The psychological trap that convinces successful professionals they "can't afford" to invest (and the leverage system that flips this completely) Why market downturns are actually the best time to build wealth—and the counterintuitive advantage experienced investors have during economic uncertainty The real truth about tenant problems and unexpected expenses (it's all about the decisions you make before you buy)   Key Timestamps 01:51 The 35-Year Anniversary Announcement - Del reveals his special celebration plans and why this milestone matters for investors 09:20 Breaking Down the Barrier Myth - Real numbers on hard money lending that can get you started with minimal capital 19:20 The Fear of Risk Exposed - How proper renovations eliminate the "unexpected expense" nightmare most investors face 22:00 Why Market Downturns Are Golden - The counterintuitive truth about when real estate investors make their best money 26:40 The Tenant Screening Reality - Moving beyond assumptions to practical tenant qualification that protects your investment   FAQs How much money do I really need to get started in real estate investing? Using hard money lending systems, you may need significantly less out-of-pocket capital than traditional investment approaches. The key is understanding after-repair value lending where lenders provide a substantial percentage of the property's value after renovations, often covering both purchase and improvement costs while minimizing your initial investment.   Is it really better to invest during market downturns? Market downturns create opportunities because foreclosures increase,...

What separates a 35-year track record from the countless real estate gurus who've come and gone? Del Walmsley reflects on an extraordinary milestone - three and a half decades of helping people build wealth through real estate investing. While Donald Trump's program got shut down, Robert Kiyosaki went off selling gold and silver, and countless other "experts" vanished into obscurity, Del is still here, still teaching, still mentoring.   The reason isn't luck. It's the difference between simplicity on the other side of complexity and the flashy promises that burn out. Del shares the brutal truth about what happened when inexperienced syndicators flooded the market, pushing prices to dangerous levels while interest rates plummeted. He warned about the coming crash in video after video - and then had to step back in personally to protect his members when even his own mentors couldn't say "no" to deals that made no sense.   This isn't just a celebration of longevity. It's a masterclass in recognizing market cycles, understanding when to buy and when to walk away, and why rising foreclosures might be the best news real estate investors have heard in years.   What You'll Discover • The strategic insight that kept Del in business for 35 years while every other real estate guru disappeared or got sued • Why the current foreclosure surge in major cities like Houston creates a double-edged opportunity for savvy investors • The mindset shift that transforms market crashes from disasters into wealth-building goldmines at 50 cents on the dollar   Key Timestamps 01:05 The 35-Year Reality Check - Why Del outlasted Trump, Kiyosaki, and every other real estate guru from the early days 06:00 The Evolution of Delegation - How Del systematically gave away pieces of his business to avoid burnout while maintaining quality 21:00 The Grant Cardone Effect - What happened when inexperienced syndicators flooded the market and why Del had to step back in 24:00 The Mentor Problem Nobody Talks About - Why successful mentors who never experienced failure couldn't protect students from bad deals 29:00 Foreclosure Surge Strategy - How rising foreclosures in Houston and Texas create the perfect storm for real estate profits   FAQs What makes Del's approach different from other real estate education programs? Del focuses on simplicity on the other side of complexity - taking 35 years of experience and distilling it down to actionable strategies. Unlike programs that disappeared or got shut down, his approach has withstood multiple market cycles and economic downturns.   Why does Del say foreclosures are good news for real estate investors? Foreclosures create a triple opportunity: investors can buy properties at 50 cents on the dollar, people who lose homes need rental properties, and the government benefits fro...