Money School Elite

Self-storage gets a lot of attention, but is it true passive income? Neil Henderson says passive income is a spectrum. And he's absolutely right. As head of Investor Relations at Nomad Capital, and host of Road to Family Freedom podcast, Neil's team is doing the daily work that puts their investors further on the passive end of the spectrum. He joined me to share the reality of investing in self-storage and his definition of financial freedom.   What You'll Discover In This Episode  How 17 years of 'silver handcuffs' pushed Neil into real estate  The sales pitch of passive income vs the reality of being a landlord Why we walked away from a 90+ door apartment portfolio The one factor that has strangled self-storage for the last few years The sweet spot a self-storage facility must hit to be profitable Why you should renovate a vacant K-Mart before building new The big opportunity in self-storage in the next 1-2 years   About the Guest Neil Henderson, General Partner & Investor Relations at Nomad Capital  Neil joined Nomad Capital to help others realize financial and location independence. He has been a part of over $25 million of commercial real estate transactions. In addition to his work with Nomad Capital, Neil created The Road to Family Freedom podcast to teach busy people with families how to achieve financial and location independence through real estate investing. His prior experience in real estate includes raising capital for apartment syndications and owning and operating one of the highest-rated short-term rental listings in Las Vegas.  Learn more about Nomad Capital, check out Neil's podcast, or connect with Neil on LinkedIn.   About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.   Resources Private Money Guide:  https://go.moneyschoolrei.com/book-podcast Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast Mapping out the Millionaire Mystery:  https://go.moneyschoolrei.com/newbook-podcast      

What's the near future of private credit and where are we in the consumer credit cycle? Should individual investors look to private credit as an investment vehicle? Vervent founder and CEO David Johnson is one of the best people to ask, as Vervent helps rescue distressed loan portfolios. David is also a high school dropout who went on to a Stanford MBA and stints at Bain and McKinsey before building Vervent into a $165 billion AUM platform. In this conversation, we dive into the signals David is seeing in the credit market, and what inspired him to write his new book, Figure It the F*ck Out.    What You'll Discover In This Episode The K-shape of the credit market & how it decides which credit cards survive  Why David advises against private credit for the individual investor The dynamics behind Tricolor's historically huge Chapter 7 bankruptcy How securitization adds both liquidity & risk  What he sees in leadership today that inspired his new book   Click here to pre-order David's book, Figure It the F*ck Out.   About the Guest David J. Johnson is CEO of Vervent, one of the country's most trusted consumer credit infrastructure platforms, where he brings decades of experience at the intersection of capital markets, operations, and credit. Under his leadership, Vervent has grown into a $150B+ AUM platform serving top banks, asset managers, and specialty lenders across loan servicing, credit card and lease management, backup servicing, and capital markets support. Earlier in his career, he advised global firms on operational strategy at McKinsey & Company and Bain & Company.       About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.   Resources Private Money Guide:  https://go.moneyschoolrei.com/book-podcast Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast Mapping out the Millionaire Mystery:  https://go.moneyschoolrei.com/newbook-podcast    

High net worth families can suffer huge losses by assuming your estate plan works for current conditions, even after those conditions change. The estate tax exemption, which is generous right now, is a perfect example. Estate attorney Steve Gibbs joins me to share his approach to wealth transfers for high net worth families. Steve is the founder of Wealth Transfer Coach and author of books such as The Intentional Wealth Effect. Steve points out that most people think estate planning is about trusts. But a trust is a product. Estate planning is about the plan…the strategy based on your assets, family and priorities.   What You'll Discover In This Episode  The whiteboard exercise you should do before setting up anything Why estate tax exemption is 10X higher than 20 years ago How middle class-style estate planning fails high net worth families How estate tax forced the fire sale of an NFL team. How $19,000 gifts can keep millions out of the reach of taxes The hidden factor that sabotages the best estate plans   About the Guest Steven Gibbs, JD, AEP® is an estate planning attorney and founder of Wealth Transfer Coach. With over two decades of specialized experience, he guides high net worth families through wealth preservation, family office structuring, and multi-generational legacy planning. He founded Wealth Transfer Coach in 2018 to help families build sustainable, unified family offices that protect both their assets and their core values.     About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.   Resources Private Money Guide:  https://go.moneyschoolrei.com/book-podcast Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast Mapping out the Millionaire Mystery:  https://go.moneyschoolrei.com/newbook-podcast    

A major commercial real estate syndication just collapsed, and $30 million worth of investors are going to lose their money. Other syndications are struggling to stay afloat…issuing capital calls and freezing distributions to investors. To understand what's driving this wave of failures, I reached out to Ryan Caldwell CCIM®, CPM®, Co-Founder and CEO of Resolute RDM and an 18-year veteran of commercial real estate investment and development.    What You'll Discover In This Episode  The one question that separates good real estate deals from disasters How underwriting assumptions made years ago affect syndications today Why the best capital-raisers are struggling right now The "pretend and extend" dynamic reshaping distressed commercial RE The two paths the Federal Reserve could take interest rate policy What it takes to find deals that survive rough times   About the Guest Ryan Cadwell, CCIM, CPM, is Co-Founder & CEO of Resolute RDM, an Indianapolis-based commercial real estate firm he co-founded in 2008, specializing in investment, brokerage, and property management. Over 18 years, his practice has spanned income-producing assets, investment strategy, asset management, syndications, and ground-up development, including more than $25 million in construction and redevelopment delivered for investors. He currently serves as General Partner of Aero Landing Development, a 242-unit build-to-rent community in Lebanon, Missouri. His practice is deliberately consultative: fixed-fee advisory work built on the CCIM analytical framework, helping owners answer the hold-or-sell, lease-or-own, and where-next questions before any transaction. Connect with Ryan on LinkedIn or Resolute RDM website.   About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.   Resources Private Money Guide:  https://go.moneyschoolrei.com/book-podcast Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast Mapping out the Millionaire Mystery:  https://go.moneyschoolrei.com/newbook-podcast    

What if the reason you pay more in taxes than necessary is not that you earn too much, but that you begin planning too late? When business owners see wealthy investors paying lower effective tax rates, it is easy to assume they have access to loopholes or special rules. But the more important difference often lies in how deliberately they structure their income, investments, entities, transactions, and charitable giving throughout the year. They are not waiting until tax season to discover what they owe. They are making decisions before the outcome becomes fixed. In this episode, I sit down with CPA, master tax architect, wealth strategist, and insurance planner and investor, Michael Uadiale, to explain why the tax code should be understood as a roadmap, how ongoing planning can materially change a high earner's tax position, what separates a genuine advisor from a tax preparer, and why the largest deduction is not always the best wealth decision.   What You'll Discover In This Episode Why wealthy business owners are not necessarily "cheating" the tax system How the tax code rewards specific forms of business and investment activity Why changing your tax outcome requires changing your financial facts The difference between tax preparation and year-round tax planning Why a capable tax advisor should be asking you far more questions How quarterly scenario planning can prevent a year-end liquidity crisis Why a large deduction does not automatically make an investment suitable How oil and gas investments can generate tax benefits while still carrying real risk When private foundations and charitable remainder trusts may become useful Why documentation, coordination, and proper structure matter as much as the strategy itself   About the Guest Michael Uadiale is a CPA, master tax architect, wealth strategist, and insurance planner and investor. He is the founder of a national accounting and advisory practice serving high-performing entrepreneurs, real estate investors, healthcare professionals, and high-income earners. With nearly two decades of experience, Michael helps clients move beyond annual tax preparation and develop proactive strategies around income, investments, entity structure, charitable giving, estate planning, and long-term wealth creation. His approach is built around frequent planning conversations, industry-specific expertise, and ensuring that every strategy is legal, properly documented, and aligned with the client's financial goals. To book a discovery call, send an email to [email protected]. You can also connect with Michael on LinkedIn.    About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.   Resources Private Money Guide:  https://go.moneyschoolrei.com/book-podcast Wealth Wednesday Webinar: https://go.moneyschoolrei.com/wednesday-webinar-podcast Mapping out the Millionaire Mystery:  https://go.moneyschoolrei.com/newbook-podcast