Kevin Gray discusses default and inflation risks, their implications for the economy and investment strategies. Resolving the debt ceiling is expected. Interest rates won't soar. Inflation requires adaptable strategies. T-Bills, international investments are attractive. Diversify and use historical knowledge to manage risk. Monitor and plan for potential risks, aiming for a balanced investment approach. Here are some power takeaways from today’s conversation: Planning for inflation requires taking on more risk and carefully balancing investment portfolios. Market uncertainty highlights the importance of diversification and not relying on a single category. Distribution of investments and having a solid foundation are key factors in investment strategies. Historical knowledge and understanding repeating patterns can guide investment decisions. Good temperament and a long-term perspective are crucial for successful investing. Episode Highlights: [00:50 to 4:40] The Risk of Default and the Importance of Raising the Debt Ceiling: We discuss inflation, the debt ceiling, and its impact on the market and economy. Default would be disastrous, affecting markets and the dollar as the reserve currency. Politicians must take action to raise the debt ceiling. Debt-to-GDP ratio is key, and our current ratio is manageable. The media may create noise, but it shouldn't have a long-term impact. [04:40 - 10:40] Impact on Interest RatesOptional: Exceeding the debt limit would increase pressure on bonds and destabilize interest rates. Politicians must reach an agreement to stabilize the situation. Kevin isn't changing his portfolio as he believes it will be resolved like previous times. [10:40 - 19:45] Inflation and Protecting the Value of Money Inflation has increased, and planning should account for it. Taking more risk in the short term may be necessary. Traditional investment strategies like 60/40 portfolios have changed, requiring quicker adaptations. The economy is slowly declining, but the situation can improve if the Federal Reserve stops raising interest rates. [19:45 - 25:00] Investment Opportunities in the Private Sector and T-Bill Trends: T-Bills are attracting interest due to their ease of investment. International investments offer good returns, especially in European Union countries. Private equity is also appealing, but liquidity is limited. It's important to consider long-term perspectives and market cycles. [25:00 - 30:20] Navigating Market Uncertainty and Emphasizing a Solid Foundation: Entering investments when others exit can be advantageous. The J-curve indicates initial losses followed by gains. Having a solid foundation and focusing on long-term benefits is crucial. Kevin predicts decreasing interest rates. [30:20 - 35:05] Investment Strategies in Times of Uncertainty: Investors tend to become aggressive during favorable market conditions and conservative during losses. Diversification is key, not relying solely on US equity or bonds. Distribution of investments across different categories is important for long-term success. [35:05 - 38:10] The importance of good temperament in investments and how historical knowledge can guide investment decisions Considering historical patterns helps in making investment decisions. Good temperament and historical knowledge guide strategies. Diversification and strategic planning are crucial. Learn from history and execute investment plans accordingly. [38:10 - 50:10] Opportunities and Risks in Different Investments: Sectors, Private Alts, and Real Estate Insights. Investment insights: sectors, private alternatives, real estate. Low-risk options, attractive returns, rental market opportunities.
Check out this interview with Gabriel Hamel, a successful real estate investor who has built an incredible real estate empire from scratch with no investors and achieved financial freedom at 27. He prioritizes family and relationships, hires third-party administrators to manage most of his properties, and only has one employee across a massive portfolio of properties. In this interview, Gabriel shares his journey as an entrepreneur and offers valuable insights into achieving work-life balance and financial independence. Whether you're starting as an entrepreneur or looking to take your career and personal life to the next level, you won't want to miss Gabriel's inspiring stories and practical advice. You can build a big portfolio with no investors, but rather creativity, hard work, and building strong relationships. Delegating responsibilities to third parties is crucial for flexibility and freedom when managing multiple properties, preserving the time freedom you aimed for. Understanding the reasons behind your pursuit of financial freedom and aligning goals with your desired lifestyle are vital for achieving work-life balance. Intentional Imbalance: How Gabe prioritizes different areas his life to spend extra attention to Gabe’s approach to powerful habits Episode Highlights: [01:05] From Wrestling to Real Estate: Gabriel Hamel's Unique Path to Investment Success Successful real estate investor Gabriel Hamel shares his insights and experience. With an entrepreneurial spirit, he discovered his inclination towards disciplines like wrestling and military training, which aligned better with his personality than a conventional job. Inspired by "Rich Dad Poor Dad," Gabriel ventured into real estate investing in 2005. He believes in calculated risks and a balanced offensive and defensive approach to investment decisions. [07:40] Maximizing ROI with Creative Financing: Gabriel Hamel's AdviceGabriel attained financial freedom through real estate investments, exceeding expenses. He actively builds relationships and engages in conversations for deals. Focusing on high-return areas like mobile home parks and commercial complexes, he emphasizes diverse financial options for property sellers. Creativity combined with a supportive bank leads to bigger deals and goal fulfillment. [18:20] Working Smarter, Not Harder: Gabriel Hamel's ApproachLifestyle Design Gabriel delegates property management to focus on the bigger picture. Financial freedom grants time freedom, but many in real estate work even harder. He emphasizes understanding personal motivations and aligning goals with the desired lifestyle. [22:30] The importance of Clarity in Real Estate: why is it important to remember why you started in Real Estate Gabriel advises intentional and strategic approaches in real estate to prevent excessive work. Taking calculated risks and prioritizing goals is key. Effective communication, delegation, and intentional imbalance contribute to success. [27:00] Intentional Imbalance, focus on what you needGabriel values intentional imbalance, prioritizing different aspects of life as needed. Initially focused on financial freedom, he now emphasizes family. Open communication and understanding strengthen his relationship with his wife. They adapt priorities between business, family, and personal development, emphasizing intentionality and consistency. [34:50] Long-Term Health and Fitness for Entrepreneurs Motivation and habits are crucial for quitting alcohol and staying healthy, according to Gabriel, Pasha, and Cody. Gabriel emphasizes the importance of a clear reason for maintaining long-term healthy habits, while Cody's 45-day challenge demonstrates personal motivation. Consistent habits, prioritizing healthy eating and regular training, are key for long-term health and fitness. Entrepreneurs must prioritize physical health as it affects all aspects of life.
Welcome to this brand new episode of Road To 100! Embarking on the journey of entrepreneurship is often a rollercoaster ride filled with highs, lows, and unexpected twists. In this exclusive episode, we delve into the inspiring story of Daniel Casey, an entrepreneur who not only weathered the storm of a failed venture but emerged stronger and more successful in the realm of multi-family real estate. Listen to the episodes here: https://linktr.ee/roadto100pod
In this podcast, Ryan shares his journey in real estate investment, with a focus on retail centers in smaller growing markets. He started with a fourplex, gradually progressing to larger deals, partnering with a friend for investment capital. While initially managing properties themselves, they now use third-party management. Due to Covid challenges, Ryan had to adapt and shifted away from multifamily preferring other real estate deals. During the eviction ban, Ryan faced significant financial losses, leading to immense stress. However, he strategically managed his properties and avoided personal financial losses by giving back one property to the bank as a friendly deed in lieu. Despite initial concerns about the "retail apocalypse," the retail market has shown strength with robust leasing and occupancy, particularly in power centers with stores like TJ Maxx and Ross Marshalls. Ryan underwrites the cash needs across their portfolio to manage challenges associated with longer vacancy periods. Now, he is comfortable investing in smaller markets with strong demand and minimal overbuilt supply. His strategy involves acquiring the best-looking assets and collaborating with strong tenants to ensure high occupancy. Finally, Ryan also remarks about the importance of family and health above work, prioritizing quality time with their young children. He maintains a healthy routine and recently returned from a beach vacation. Balancing work and family life is essential for him, and is committed to taking care of their physical and mental well-being alongside their family responsibilities. Here are some power takeaways from today’s conversation: - Retail Market Resilience: Despite initial concerns about the "retail apocalypse," the retail market has shown strength with robust leasing and occupancy in power centers. Rates have held steady, and tenants like TJ Maxx and Ross Marshalls remain stable. - Real Estate Journey and Growth: The speaker started with a fourplex and progressed to larger deals, partnering with a friend for investment capital. - They shifted away from multifamily due to Covid challenges and now focus on other types of real estate deals. - Eviction Ban Challenges: The speaker faced significant financial losses and stress during the eviction ban, particularly with inflexible CNBS loans. - Family and Health Prioritization: The speaker places family and health above work, valuing quality time with their spouse and young children. They maintain a healthy routine for physical and mental well-being. Episode Highlights: [00:00 - 01:23] Intro [01:23 - 02:27] Entrepreneurship, Friendship, and Creative Deal-making: The Inspiring Story of Ryan Bowden [02:27 - 04:51] From Retail Centers to Real Estate: A Journey of Growth and Resilience [04:51 - 11:08] Scaling Up: Building a Real Estate Empire [11:08 - 13:18] Navigating Evictions, Financial Challenges, and Strategic Moves in Multifamily Investing [13:18 - 16:13] Stress, Anxiety and Uncertainty: Lessons Learned from the Pandemic [16:13 - 17:44] Exploring the Real Estate Space: Attraction and Concerns [17:44 - 19:32] Pros and Cons: Beauty and Challenges of Retail Real Estate Investments [19:32 - 23:21] Insights on the Retail Market: Leasing Strength, Slow-Moving Challenges, and Underwriting Considerations [23:21 - 27:21] Insights on Real Estate Financing [27:21 - 31:50] Unconventional Investments: Strategies and Criteria for Success [31:50 - 33:38] Strategies for Tenant Relationships and Broker Engagement in Retail Real Estate [33:38 - 37:47] The importance of Clarity, Staying True to Principles, and Pursuing Bigger Deals in the Real Estate Business [37:47 - 43:43] Anticipating Opportunities Amidst Changing Conditions" [43:43 - 47:37] Balancing Family and Health: Prioritizing Personal Life in a Successful Career [47:37 - 49:06] Setting Big Goals and Celebrating Milestones: A Year of Adventure and Family
David Toupin, a successful real estate investor and founder of Real Estate Lab, shares his journey and insights in real estate investment. Starting at age 20, David bought his first apartment complex and amassed over $120 million by age 27 through investments in multifamily and commercial properties. Inspired by books and podcasts, David overcame financial obstacles by networking and convincing investors to collaborate with him. He focuses on large off-market opportunities and joint ventures, mastering the numbers for maximum returns. David also founded Real Estate Lab, a software company aiding investors and businesses with financial models. The podcast discusses the real estate market, opportunities in multifamily sector, and the importance of values. David's motivation for entering the software field stemmed from an efficient template he developed. He emphasizes expanding the user base and improving the software's functionality. The conversation touches on lessons learned from mistakes and challenges faced in transitioning industries. Here are some power takeaways from today’s conversation: Start Early and Be Entrepreneurial: Cultivating an entrepreneurial mindset from a young age and being proactive in pursuing opportunities. Persistence and Professionalism Pay Off: Despite not having financial support from friends or family, David's persistence and professionalism enabled him to overcome challenges and convince investors to collaborate with him. Seek Off-Market Opportunities and Joint Ventures: This approach offers flexibility, avoids excessive complexities, and allows for higher returns by collaborating with a select few partners. Master the Numbers and Pay Attention to Details: This helps minimize dependence on external analysts, ensures a deeper understanding of the projects, and maximizes returns. Capitalize on Growing Opportunities in the Multifamily Sector: The podcast emphasizes the potential in the multifamily sector, with a significant number of apartments in the country and a growing demand for additional units. Learn from Mistakes and Value Experience: Embracing failures and continuously learning from them is crucial for improvement and success in the investment industry.
Brian Luebben, our guest, shares his journey from a corporate career to financial freedom. He started with house hacking and turned his podcast, "The Action Podcast," into a profitable business. His goal is now to help others achieve financial freedom. Brian stresses the importance of having a clear vision and suggests starting a business podcast to connect with experts and gain valuable insights. Consistency and short-term goal visualization are key to success. The discussion highlights prioritizing vision over equity and networking, and the benefits of focusing on a single business to minimize stress and maximize returns. Mentoring collaborators and considering return per capita are also important. Brian emphasizes the enjoyment of the journey rather than solely focusing on the destination. He discusses the significance of passion income and financial freedom, as well as the impact of his podcast on his life and meaningful connections he has made. In conclusion, Brian Luebben shares his experience pursuing financial freedom, emphasizing the importance of a clear vision, focusing on one business, enjoying the process, and building valuable connections through his successful podcast. Here are some power takeaways from today’s conversation: - Cash flow is crucial for financial freedom: Networking and equity come into play later to maintain that freedom once achieved. - Creating a clear vision is essential for attracting valuable individuals who can contribute to its realization. - Consistency and visualizing a vivid vision for the short-term future are key aspects. - Having a clear vision helps avoid getting trapped by the Sunk Cost Fallacy. - Managing multiple small businesses can be time-consuming and stressful, while specialization tends to yield better results. - Prioritize Return on Effort (ROE): Brian introduces the concept of Return on Effort, highlighting that true utility goes beyond just income minus expenses. It also considers the level of satisfaction and fulfillment derived from the chosen path. - Become a mentor to employees: Fostering the growth of team members leads to higher returns on investment. - Find enjoyment in the journey: Briann emphasizes the importance of enjoying the entrepreneurial journey rather than focusing solely on the destination. - Attention is crucial in the media industry, and providing value consistently over time helps build a strong audience. - Have a clear vision for personal freedom: Brian discusses the freedom achieved through his podcast, including financial, personal, and philosophical freedom. - The podcasting landscape is not saturated: The podcasting industry still has significant room for growth and offers numerous opportunities. Episode Highlights: [00:00 - 01:21] Intro [01:21 - 04:51] Briann Luebben's Journey to Success Through The Action Podcast [04:51 – 5:31] Prioritizing Cash Flow over Equity and Networking [05:31 – 08:11] Defining Your Vision and Building Your Path to Success [08:11 – 09:26] Building a Vision that Attracts All the Rockstars [09:26 – 11:21] How to Avoid the Sunk Cost Fallacy [11:21 – 15:11] The Power of Letting Go: How to Achieve Greater Focus and Productivity [15:11 – 18:01] The Key Metrics to Track for Growth [18:01 – 21:36] The Journey is the Destination [21:36 – 25:41] The Podcasting Revolution: How to Unlock the Benefits of This Growing Industry Optional: The Benefits of Podcasting [25:41 – 27:27] The Power of Podcasting: How to Reach Your Audience and Make an Impact [27:27 – 32:21] The Numbers Behind a Successful Podcast [32:21 – 34:01] The Secret of Media: How to Build a Brand That People Trust [34:01 – 36:21] How to Create a Podcast That People Will Love to Listen To [36:21 – 38:21] The Rise of Podcasting: Is the Market Saturated? [38:21 – 44:21] The Courage to Be Authentic: How Sharing Your Own Experience Can Help You Grow [44:21 a 44:51] Do the Art First, Then Apply the Science
In this episode, Alvin Uy, known as "the dragon slayer," shares his perspective on overcoming life's challenges and becoming a better version of oneself. He emphasizes the importance of facing and defeating these challenges. Alvin recounts how a mentor's advice led him to become more multidimensional, stepping out of his comfort zone and broadening his perspective. Currently, he battles the dragon of personal branding in the real estate industry, requiring him to showcase himself publicly. Cody and Pasha discuss personal branding, realizing its value in sharing experiences to help others. They agree that fear and stepping out of comfort zones are essential for growth. Alvin shares his family's journey from a life of wealth in the Philippines to the United States due to safety concerns. The transition was difficult, facing challenges in finding employment and settling down. Alvin's resilience and determination were shaped by these experiences, fueling his drive to overcome obstacles. Alvin's involvement with GoBundance improved his decision-making based on relationships rather than just money. Cody praises Alvin's self-awareness and its impact on investments and leadership. They highlight the importance of discussing such experiences to help others. Alvin discusses Accessory Dwelling Units (ADUs) in real estate, highlighting their benefits and comparing them to prefab houses. He also talks about his approach to renting properties and utilizing laws like SB9 for expanding structures. The conversation concludes with Alvin expressing his motivation to take on new challenges, collaborate, and explore private equity. Cody recommends a book on real estate private equity. The hosts commend Alvin for his authenticity and openness. Here are some power takeaways from today’s conversation: Take life's challenges as dragons that must be overcome. This is a powerful mindset that will help you become a better version of yourself. Try to be multidimensional. Focus on learning various skills and stepping outside of your comfort zone. This will lead to continuous growth and expand your perspective. Personal experiences can provide value to others in making better decisions. Don't hesitate to share your story and work on your personal brand. Fear is a sign of growth. Embrace fear and challenges as opportunities for personal development. Stepping outside of our comfort zone and facing new challenges is essential for growth and avoiding regrets. Prioritizing relationships and building authentic connections are key to personal and professional success. Accessory Dwelling Units (ADUs) offer the potential for additional income and increased property value, particularly in areas with high demand for affordable housing options. Episode Highlights: [00:00 - 01:22] Intro [01:22 - 02:45] Fighting Dragons and Being Multidimensional [02:45 - 6:47] Personal Branding and the Value of Experience Stepping Out of the Comfort Zone to Defeat the Personal Branding Dragon [6:47 - 9:57] Conquering Dragons: Embracing Fear [9:57 - 15:27] Leaving Everything Behind to Build a Better Future [15:27 – 18:22] The Land of Opportunities and the Mindset for Success [18:22 - 21:17] A Devastating Experience and a New Change of Plans [21:17 - 24:52] Building Seven-Figure Success Through Genuine Connections [24:52 - 30:12] ADUs and Real Estate Strategies [30:12 - 35:17] Are Prefabricated Homes Worth It? [35:17 - 41:45] Surpassing Boundaries: Alvin's Journey to 10x Success
In this episode, Scott, an experienced Air Force pilot, shares valuable lessons on leadership, stress management, and personal growth. He and Cody discuss the positive aspects of stress and anxiety. Scott also talks about his post-Air Force career and emphasizes the importance of networking and friendship. They touch on healthy habits and Scott's daily routine for maintaining energy. The episode concludes with Scott offering various options for a healthier life and providing his contact information. Here are some power takeaways from today’s conversation: Embrace stress and anxiety as positive impulses that can help you focus and grow. Networking and leveraging relationships are crucial for career development and benefiting clients. Taking care of your physical well-being and cultivating good habits directly impact your energy levels and decision-making abilities. Surrounding yourself with exceptional people who inspire and challenge you can have a profound impact on your personal and professional development. Small lifestyle changes can yield significant results in terms of increased energy levels, motivation, and clarity of mind. Accepting challenges, seeking continuous improvement, and being open to new experiences contribute to a fulfilling life. Episode Highlights: [00:00 to 01:23] Intro [01:23 to 8:43] Beyond the Comfort Zone: Scott's Air Force Lessons for Thriving in Uncertain Markets [8:43 - 14:53] The Power of Anxiety: Harnessing Stress as a Tool for Growth [14:53 - 18:28] Exploring Career Transitions: Navigating Recession and Building Networks [18:28 - 20:53] Nurturing Friendships and Personal Growth: Expanding Expectations [20:53 - 25:33] Unlocking Optimal Performance: Biohacking for Energy and Decision-Making [25:33 to 29:13] The Power of Rest and Recharge in Scott's Daily Routine [29:13 to 39:28] Revitalizing Rituals: Scott's Journey to Detoxification and Rejuvenation
Abdeen Vaziri, an immigrant and advocate of the EB-5 investment visa program, shares his personal journey from Iran to the United States in a podcast interview. He highlights the opportunities and freedoms in the US, contrasting them with totalitarian regimes. Abdeen explains the EB-5 program, which allows foreign investors to obtain a green card and expedited citizenship by creating job opportunities for US citizens. He discusses his involvement in the real estate industry and managing high-risk investment funds, attributing his success to skills learned as a professional poker player. The interview covers the importance of sales skills, the need for immigration system reform, and the specifications of the EB-5 program. Here are some power takeaways from today’s conversation: Abdeen's journey showcases immigrant hardships and the US' unique opportunities and freedoms compared to other countries. The EB-5 program enables investors to obtain a green card, expedited citizenship, and plays a significant role in US real estate development. Poker skills (deception detection, communication, observation, rejection handling, composure) benefit business, real estate, sales, and financial management. The US immigration system requires comprehensive revision to address current challenges. The EB-5 program offers investors a second passport and pandemic security opportunities. Importance of sales skills and handling rejection Episode Highlights: [01:45 - 7:00] Abdeen Vaziri's Escape from Iran Abdeen, Pasha's poker friend, shares his journey from Iran to the US as a refugee, highlighting chaos and settling in Los Angeles. [7:00 - 10:00] The Land of Possibilities: Abdeen's Perspective on America Abdeen's story: US opportunities, challenges compared to totalitarian regimes, foreign integration, green card identity. [10:00 - 12:45] What are EB-5 visas, and how did Abdeen's migration experience impact his work? Abdeen found fulfillment in EB-5 visas, benefiting from immigrant experience. Program grants green cards, citizenship via job creation. US citizenship offers unmatched rights. [12:45 - 15:00] Abdeen's work in managing high-risk investment funds and how the EB-5 became popular in real estate Abdeen manages a high-risk investment fund, including the Real Estate Focus Fund. EB-5 program attracts investments, creates jobs, and benefits US projects. [15:00 - 18:25] Military, Cold Calling, and Poker Were Key to Abdeen's SuccessAbdeen's diverse journey shaped his real estate success: military, telemarketing, education, poker. Skills in discipline, communication, financial management contribute to his portfolio and career. [18:25 - 20:10] Beyond the Table: How Poker Strategies Boost Entrepreneurial Insight Abdeen's poker skills in detecting deception are invaluable in business, helping him identify scams and evaluate projects. Despite leaving his career for a while, he values the lessons learned and the ability to recognize genuine people. [20:10 - 24:10] Spotting Odd Behaviors: Poker Strategies for Real EstateReal estate pros gather insights, like poker players observing patterns. Abdeen highlights poker-life similarities, diverse table experiences for learning. [24:10 - 28:45] Why Sales Mastery should be a Non-Negotiable Cody values rejection for growth, Abdeen emphasizes sales skills, expanding horizons. Pasha highlights composure in negotiations, from poker and business. [28:45 - 33:45] The Inmigration Situation and Why Politicians Are Not Making a Change Abdeen urges immigration system overhaul; Dems & Reps failing. Expand admissions, aid undocumented. Cody: Broken system, data-driven solutions. [33:45 - 44:10] The EB-5 Program Decoded: Investments, Process Overview, and Paperwork GuidelinesEB-5 program: $500K min. investment ($900K temporarily). Second passport option. Legal assistance, alternative to banks. Abdeen advises preparation, seek info. Cody rebuilding hotel, positive outcome, insurance.
Adam Witty is the founder and CEO of Advantage Media and Forbes Books, two companies that help entrepreneurs establish themselves as thought leaders in their fields. As a guest on the "Road to 100" podcast with Cody and Pasha, Witty shared his experience of founding Advantage Media and forming a strategic partnership with Forbes that resulted in Forbes Books along with how entrepreneurs can grow their business with authority media. Witty's philosophy of "authority media" emphasizes impact over ego and encourages entrepreneurs to focus on providing value and teaching their audience, rather than just trying to sell something. He believes that choosing to be a servant and a teacher to help others is more practical and powerful than just trying to make a sale. The podcast also delved into topics such as authenticity when presenting, managing the attitude of ambitious entrepreneurs, and creating one's own economy. As a forward-thinking entrepreneur, Witty discussed the future of publishing companies and information providers with artificial intelligence technology. He explored the possibilities of how AI could revolutionize the publishing industry and make it easier for authors to reach their target audience. Here are some power takeaways from today’s conversation: Entrepreneurs can establish themselves as authorities by sharing their unique experiences and passions which can be more effective at growing their business than traditional selling Becoming an authority takes time and effort but pays off more than traditional advertising. The importance of building your own media platform instead of relying on third-party platforms Regardless of economic conditions, entrepreneurs should focus on creating value and believe in the value of what they do The future of AI in content creation and media [00:50] From part-time employee to building the biggest business media brand in the world: The publishing journey of Adam WittyAdam Witty started in printing, learning book creation. He founded his own publishing company, serving managers. Securing contracts at an event spurred him to start his own venture. Witty invests in properties, startups, and healthcare technology. He proposed book publishing to Forbes, resulting in a strategic partnership and Forbes Books. [10:40] Authority media and how to develop value by teaching your audience by Adam Witty Witty advises entrepreneurs to be thought leaders and educators, emphasizing impact over ego. Sharing unique experiences and passion builds authority. Adam encourages entrepreneurs to teach instead of sell, fostering authenticity and trust. Teaching without expecting sales enhances our message's reception. [19:30] Building Authority in Your Field: The Power of Personal Experience and Sharing your Story Adam believes people undervalue themselves, comparing to others and feeling inferior. Sharing personal stories is valuable. Ambitious entrepreneurs prioritize growth. Becoming an authority takes time and effort, surpassing advertising. Create and control your own media platform across various mediums. [28:20] Creating your own economy: Focus on your value and not on external factors or macro environment Adam advises entrepreneurs to focus on their own economy, unaffected by external factors. Create value, believe in your work, and avoid excessive concern. Pasha emphasizes a problem-solving mindset, not playing the victim. Build a strong business independent of external forces. [27:00] Artificial intelligence and the opportunity for creative entrepreneurs: Adam highlights AI, like ChatGPT, as a valuable tool for creative entrepreneurs in publishing. AI is a facilitator, not a threat, assisting ethical content creation without plagiarism. AI enhances creativity and art, benefiting the creative and original without compromising quality.
Interested in leaving your W2 for the world of entrepreneurship and investing? insightful interview with Mehdi Khachani. Mehdi shares his journey from a high-level executive in a W2 to a successful real estate investor and entrepreneur, offering valuable insights into the world of entrepreneurship and investing. Discover how Mehdi achieved financial freedom and work-life balance by taking calculated risks, building successful teams, and designing the life he wanted. With inspiring stories and practical advice, this interview is a must-watch for anyone looking to take their career and personal life to the next level. Don't miss out on the opportunity to learn from Mehdi's wisdom and experience! Here are some power takeaways from today’s conversation: Find the balance between lifestyle and entrepreneurism Planning 2 steps ahead and with a long term vision to design the life you want Why risk is important to achieve big results Being intentional is crucial for success in both work and personal life Focus on relationships, trust and teams to compound success Episode Highlights: [01:20] Mehdi Khachani: From W2 Executive to Successful Real Estate Investor Mehdi switched from engineering to business after completing his MBA at Wharton and working on projects. He then took up top executive positions before investing in real estate and establishing multiple businesses. This enabled him to prioritize spending time with loved ones. Mehdi believes in long-term planning and balancing work, entrepreneurship, and lifestyle. [10:30] From Corporate Conformity to Entrepreneurial Freedom Mehdi is an entrepreneur who bought a 27-unit building while working a big company job. He advises colleagues to consider alternative opportunities, like investing in syndications or learning from different people, rather than just settling for a W2 job. He believes that taking calculated risks and exploring options can lead to success, even if it means facing the fear of job loss. [14:50] Why Being a Risk-Taker is Essential for Entrepreneurial Growth Cody and Pasha stress calculated risks, research, and knowing variables when taking risks. Cody believes entrepreneurship is safer than traditional jobs due to job market instability and Mehdi agrees, emphasizing its greater impact. [21:15] Optional: Intentionality and vision boards, design the life you want Mehdi advises entrepreneurs to avoid job stagnation and fear of job loss. He suggests having a clear vision, taking calculated risks, and building positive connections for success. To enjoy the journey, create a 10-year plan, be proactive, and design your life. Mehdi's benefits, like living near his children's school and the beach, are the result of deliberate planning. [27:00] Balancing Family, Lifestyle, and Business Pasha asks how Mehdi balances multiple businesses with family and lifestyle. Mehdi manages by overseeing all areas, while others handle specific tasks, and by building teams and relationships with like-minded individuals who complement his skills. [29:45] Benefits of quitting alcohol: Mehdi stopped drinking after a coach's suggestion and Pasha's challenge. He prefers a healthier lifestyle, avoiding coffee and sodas. Pasha and Mehdi trained themselves to be extroverted when needed. Cody still drinks occasionally. They focus on the benefits of not drinking, like having more energy, and finding ways to be funny without alcohol. [38:35] Creating Lasting Memories with Loved Ones Mehdi emphasizes the importance of prioritizing relationships and spending quality time with loved ones. He puts his phone in sleep mode from 6 pm to 8 pm daily to focus on his children. He plans to travel with his family to Europe for meaningful experiences, inspired by Cody.
Discover the secrets behind Kevin Mills, a large real estate agent in the world, as he shares his strategies with Cody and Pasha. Learn how he created a database of over 80,000 contacts by talking to almost 100 people a day, building strong relationships and delivering valuable content. With a genuine personality and a vision for growth, Kevin emphasizes the importance of prioritizing relationships with people who contribute to our lives. Gain insight on how to do this systematically and intentionally while balancing even the busiest routines. Join the conversation among entrepreneurs and find a human touch to ambition and aspiration for growth. Here are some power takeaways from today’s conversation: Building a powerful database by nurturing leads Benefits on working with only sellers in real estate Pick asset expertise over market expertise How to enter into new markets? Get resources from sharing your vision Episode Highlights: [02:15] Kevin Mills: Don´t apply a finite outcome to an infinite game like a business At the age of 31, Kevin Mills became the best realtor in the world. However, he doesn't believe in setting finite goals, as there is always a sense of finality attached to them. Instead, he recommends aspiring towards non-finite goals. Creating a business is a non-finite goal, as there is no end, and one never knows when to stop, but rather, it's a journey that should be enjoyed as one progresses. [09:08] Asset Expertise vs Market Expertise: Kevin Mills' Approach to Entering New Markets Kevin shares his belief that asset expertise is more valuable than market expertise. He explains that when entering a new market, he seeks out the owners of all the assets and builds genuine connections with them. His goal is always to pour into people and he has successfully formed valuable contacts that have given him access to valuable resources like courier services and finance advice. Kevin has many strategies for building strong connections and achieving success in the real estate industry. [14:20] Keys to Building Relationships and Trust in Negotiations Kevin Mills shares effective strategies to establish trust with his contacts during negotiations. He emphasizes the importance of powerful conversations where he communicates his vision and considers the client's perspective, whether they are a young ambitious individual or an adult looking to create a legacy. Additionally, Kevin recognizes the significance of the client's personal relationships and strives to build a positive impact on the people who matter to them. He also pays attention to the client's personality type, whether they prefer an analytical approach or a more conversational one, to tailor his communication style accordingly. Through these efforts, Kevin has successfully closed many deals and accomplished his business objectives. [17:31] Why Being True to Yourself is Key Kevin talks about how spending time alone in his childhood gave him the chance to think about his preferences and values. As he grew older, he realized the importance of being true to oneself, rather than trying to please everyone. He prefers to surround himself with people who accept him for who he is, rather than putting on a facade to fit in. Kevin's source of motivation is simply doing what he finds enjoyable, without seeking validation from others. [25:00] Top friends lists In this part of the video, they discuss how making a list of your most significant friendships can be helpful, as it allows you to see which aspects of those friendships you value the most. Surrounding yourself with supportive people is necessary for personal growth. Additionally, organizing your interactions with friends according to the ranking they hold in your top friends list allows you to maintain those relationships without clashing with your daily routine or work obligations. Having a list of friends can truly help keep all your relationships in good condition, and this method is simply brilliant.
In this episode of the Road to 100 Podcast, Cody and Pasha talk with Brian Beers about buying and scaling a family-franchised auto repair business into an enterprise with +30 locations and generating $40 million in sales per year. Brian Beers is a successful entrepreneur who is on a mission to teach people how to create freedom and build wealth by owning franchises. In today's episode, he shares a lot more about his path, experiences, and wisdom for those who want to learn more about this business model.Here are some power takeaways from today’s conversation: Overcoming self limiting beliefs to scale Delegating/replacing yourself The importance of networking for growth How to scale a franchise? How to find the right franchise? Why franchising is a great asset to generate cash flow + build wealth? Episode Highlights: [01:15] Growing a Franchise family business with Brian Beers At 35 years old, Brian Beers operates 30 automotive repair franchises and generates $40 million in sales per year. It all started as a family business with his dad and his uncle in the 1970s, with just six locations. Brian joined the business after college in 2010, and even though he knew nothing about cars, he started learning a lot about the business. After earning experience, in 2016, he and his brother got a bank loan and bought 2 locations that they owned 50/50, and after that, it's all been about growing, acquiring, and opening new locations. [09:42:23] Delegating/replacing yourself Fire yourself as fast as possible; there are 8 billion people on the planet, and there are a lot more people who are better at whatever you are doing than you are, so just get yourself out of the way to scale and get human capital on that task. [17:35:12] What separates a good franchise from a bad franchise? There are 3,000 franchises in the US, which means that 250 new ones open every year. That's why choosing the right one to invest in becomes a common challenge that comes to mind for those who start this journey. Running a franchise business model requires special focus on the vision, development, training, support, marketing, and selling. It's a pretty special business model, so in order to identify which franchises are good options, it's important to network, learn from people with experience, and always question if the franchise you are interested in is growing its support in parallel with the new locations opened. [30:53:23] Franchises as an asset allocation? The main concern you should have if you want to purely see it as an investment is that if you are going to invest in a franchise without an operator, it simply won't work out. Don't forget that a lot of these businesses are highly dependent on the average, which is why Brian's recommendation is to get someone as a franchisee instead of doing it all on your own. That way, you can be more focused on funding that person and at the same time scaling the whole franchise business with your vision. Resources Mentioned: https://www.brianbeers.com/
One of the biggest challenges entrepreneurs have on their Road to 100 is that they have to face uncertainty all the time. Waking up each morning with new problems to solve, but with the necessary energy and motivation to make things really work is truly admirable. Today our hosts dig deep into the mindset of a successful entrepreneur that has grown a large business, but still has a great lifestyle focused on health, family, and happiness. In this episode, Pasha and Cody talk with Adrian Accay. Adrian is an entrepreneur, business owner and real estate investor that is really crushing it on all levels. In this episode our hosts talk with him about growing a pharmacy business with many locations throughout the city of Philadelphia, maintaining the right entrepreneurial mindset, how to be more productive, taking care of a family and many other important topics that we know will help anyone (entrepreneur or not) to live a happier and healthier life. Here are some power takeaways from today’s conversation: How Adrian grew his business from a single pharmacy to $30M in revenue multi-location business The importance of delivering a high value service The most common mindset challenges for entrepreneurs The power of compounding in our habits and goals Why it's so important to build relationships and networking How the impostor syndrome affects us as entrepreneurs Getting out of your comfort zone is key to succeed Why you need to have values in the business world Discover your mission before starting any project Why you need to have grit to become a successful entrepreneur Episode Highlights: [04:24] How Adrian grew a pharmacy retail business Adrian grew his business from a single location that he built out with his own two hands with the help of his father and family into a huge regional powerhouse with several 340B federal contracts. His story of building his empire from nothing is truly inspiring. [08:23] If you build it, they will come An entrepreneur’s superpower is: ACTION.. Don't forget to always deliver more than what's expected by your customers because the gap between what's expected and what you finally deliver to them is where you can find an opportunity to provide real value and start building customer loyalty. [19:21] If you don't enjoy the journey of building then you won't ever be happy In order to keep yourself motivated during the process of building a business from scratch you have to be able to enjoy the process and journey of building – not only the end goal. Every time you achieve a goal, there will just be another one so you have to be able to enjoy the journey. Also entrepreneurs need to learn to celebrate their small wins. Generally as entrepreneurs we’re highly driven and are always pushing to improve so we can forget to celebrate the small wins each day. [25:20] Imposter syndrome and building your second business Many times when entrepreneurs begin their own businesses they experience impostor syndrome and they underestimate themselves and their capability of solving bigger/new problems that involve unexplored skills. This is a common feeling among all entrepreneurs regardless of how much they’ve achieved. It’s powerful to know that others experience this same feeling. We also dig into building your second business after building your first one. Resources Mentioned: The Slight Edge: Turning Simple Disciplines into Massive Success and Happiness The Power of One More: The Ultimate Guide to Happiness and Success BestSelf Icebreaker Deck Growth thinking: think, design, growth hack - a design approaching to growth hacking GRIT: THE POWER of PASSION and PERSEVERANCE The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Traction: Get a Grip on Your Business What the Heck Is EOS?: A Complete Guide for Employees in Companies Running on EOS Rocket Fuel: The One Essential Combination That Will Get You More of What You Want from Your Business
Cody and Pasha discuss the vulnerabilities in the banking system, the recent bank runs, and the consequences for the economy. In this episode, they discuss the complexities of rising interest rates, and the challenges of an increasingly indebted nation. But more importantly, given that no one can control external forces, Pasha and Cody discuss investor temperament, remaining rational in the face of fear, and how to capitalize on distress and volatility. Tune in as they share valuable advice on safeguarding your investments and thriving in a turbulent financial climate. Here are some power takeaways from today’s conversation: Recent bank runs and what caused them The potential consequences of regional bank failures on the overall economy Investor temperament and how this is a critical factor in investor success Maintaining rational decision making in the face of uncertainty and fear Hard assets as a safety net during economic uncertainty Being conservatively aggressive and taking advantage of volatility Episode Highlights: [01:35] Bank Collapses and Financial Landscape Cody and Pasha examine recent bank collapses, their effects on the financial landscape, and the impact of rising interest rates on banks' balance sheets. They discuss whether these banks are outliers or representatives of standard practices. They also go over the consequences of Federal Reserve bailouts. [18:23] Rising Interest Rates and Debt Challenges The topic turns to the possibility of the U.S. facing challenges similar to Japan's. Increasing interest rates cause significant issues. As countries become more indebted, handling high-interest rates becomes harder. Rapidly rising interest rates further complicate market adjustments. [37:53] Emotional Management and Investment Strategies Routines and reflection help with managing emotions and making informed decisions. Stay calm, rational, and focused despite negative news or external events. Blocking out negativity without ignoring reality prevents fear and greed from becoming the main drivers of your decision-making. [41:13] Seizing Opportunities in Uncertainty In uncertain times, opportunities arise. The hosts promote a “conservatively aggressive” approach: utilizing real estate resources, raising funds, and identifying market prospects. They’re optimistic about the real estate market until 2024 and seek “spot distress” situations. [55:20] Market Expectations and Focus The conversation concludes by acknowledging that the current market differs from the 2006-2008 financial crisis, but good opportunities still exist. They emphasize maintaining the right mindset, executing business plans, and avoiding distractions. Instead of relying on hope, they advise making data-driven decisions and considering potential setbacks. Resources Mentioned: Fed Funds Futures The Wall Street Journal: Commercial Property Debt Creates More Bank Worries
Pasha and Cody sit down with friend and Internet marketing extraordinaire, Talor Zamir. Talor has had great successes in short sales, internet entrepreneurship, and business endeavors, but a big health scare made him reexamine his priorities. Now, he’s passionate about developing his health journey and helping others do the same, all while making time for his wonderful family. Check out his conversation with Pasha and Cody. Here are some takeaways from today’s conversation: Taking control of your health is vital Prioritizing your goals and your dreams leads to success Making time for family is essential Focus on what gives you energy, not what takes it away Episode Highlights: [03:35] You Are What You Eat Talor talks about his health scare and how reshifting his priorities has made him feel the best he’s ever felt. As he researched how to get better, he really wanted to focus on the source of the problem, which was inflammation. In all the information he discovered, he found that inflammation is the root cause of what makes people feel terrible. After changing his diet and being mindful about what he puts in his body, he was able to heal. [10:00] Taking Time to Think Talor made a lot of pivots in life and in his career. From working on Wall Street to short sales to product launching to Internet marketing, he’s worn a lot of hats in his life and been successful at almost all of them. This is because he takes time to prioritize his thoughts and wants. Every morning Monday-Friday, he spends 30-60 minutes thinking about his life and goals over coffee to make sure he’s going in the direction he wants. [27:05] Distilling Down What You Really Want His many successes opened up lots of opportunities, but in the end he always needed to ask himself, “Is this what I really want?” Owning his own marketing agency could be great, but wouldn’t allow him the freedom he wanted. To make money and still have some freedom to be a family man, he needed to get creative and get honest with himself.
There’s no better way to experience gratitude for our wonderful opportunities in this country than to learn from immigrants who came to this country, built a life and a business, and fulfilled the American Dream. In today’s episode, Pasha and Cody talk with real estate investor Claude Condo about his inspiring story and the difficult steps he took to build a massively successful life after coming to America with literally $100 in his pocket. From buying pharmacies to investing in medical triple net real estate , Claude has been crushing it and is one of the most charitable businessmen and investors we’ve interviewed. In today’s conversation, Pasha, Cody, and Claude dive deep into perseverance against all odds and spreading the results to those who need it most after you’ve made it. . Here are some takeaways from today’s conversation: The power of persistence, grit, and finding opportunity Painful setbacks can make you search deep within yourself for the drive to move forward The lessons of gratitude for hard times, not inspite of hard times The power of faith An amazing giveback opportunity through Claude’s foundation Episode Highlights: [03:05] Challenging Beginnings Claude chats about Rwanda’s current circumstances and how his organization offers hope for kids who have it rough. He also shares about his experience growing up in Rwanda and the neighboring Republic of the Congo. The death and destruction the country experienced pushed Claude to go to school and become a pharmacist. His career brought him to the United States where the rest is history. [19:10] Dark Times in America Upon arriving in America, a big misunderstanding left Claude in solitary confinement for weeks. The solitude was extremely difficult and tested his strength and his faith. Finally, after going before an American judge, Claude was absolved and given full legal rights to remain in the States. [32:31] Opportunities Arise Despite being a qualified pharmacist, Claude was doing a backbreaking job to make ends meet. A coworker who knew some of his story gave him the means to make a better future for himself with his valuable skills. After hundreds of calls, he finally had the chance to prove himself, eventually learning how to run his own pharmacy.
Imagine working for years to have an exit and then taking nearly all of your proceeds and doubling down on your next venture. In today’s episode, Pasha and Cody talk with Tom Breitling about his experience building a massive business and then parlaying that exit into purchasing the Golden Nugget in downtown Las Vegas. Though he and his business partner, Tom Poster had no experience owning casinos and faced a lot of red tape from all directions, they still took a leap of faith and placed a huge bet on themselves. From there, they became the youngest (and most successful) casino owners and operators in the state of Nevada. In this episode we talk about Tom’s massive wins and losses on his entrepreneurial path. Here are some power takeaways from today’s conversation: The best bets you make are ones you make on yourself Having skin in the game Overcoming and conquering failure Knowing your market and industry protects your downside What drives Tom and entrepreneurial spirit Episode Highlights: [13:45] Don’t Hesitate to Bet on Yourself Breitling and Poster started their success with a previous business venture in technology, but jumping into hotels and casinos was a whole new ballgame. They faced a lot of challenges along the way and had to be fully invested in their vision and in themselves in order to be successful. They had to impress the banks, the sellers, the patrons, and the whole industry that they had what it takes to take the casino to the next level. [19:28] Buffer the Cash Flow When Breitling and Poster bought the hotel and casino, they needed to come up with ways to improve cash flow. First, they gradually increased the room rates over a two-year period. Then, they started booking some quality entertainment and focusing heavily on the younger crowds. This increased the number of visitors and also increased awareness. Thinking outside the box is what will set your commercial property up for success. [32:31] Entrepreneurial Failures Are Not the End After betting on the hotel, Breitling made a bet on another company that ultimately failed. The experience was extremely hard on him, but didn’t deter his entrepreneurial spirit. The failed venture taught him the importance of taking risks, of surrounding himself with knowledgeable people, and to believe in well-researched visions of success. Resources Mentioned: Double or Nothing: How Two Friends Risked It All to Buy One of Las Vegas' Legendary Casinos
Over the years, stem cell medicine has totally evolved, doing wonders in reversing the effects of aging and in the treatment of orthopedic pains. In fact, it now offers new hope for patients with other serious ailments such as heart disease. In today’s episode, Pasha and Cody talk with Dr. Harry Adelson all about stem cell medicine and how it can optimize our lives. At the forefront of stem cell medicine, Dr. Adelson’s full-body stem cell makeover involves treating every moving part of the musculoskeletal system, making it the most comprehensive stem cell upgrade ever conceived. Here are some power takeaways from today’s conversation: What stem cells are Why stem cells are more expensive in the U.S. than in South America The effect of stem cells on longevity and reversed aging How long the effect of stem cells lasts Other uses of stem cells The future of stem cells How ozone therapy works The full-body stem cell makeover Episode Highlights: [10:23] What Are Stem Cells? Stem cells exist in all tissues of our bodies, responsible for maintaining the health of their microenvironment. When you have an injury of any sort, the stem cells are responsible for the healing response. The vast majority of Harry's experience is using stem cells from people's own bodies. These are stem cells from the bone marrow combined with cells from the fat and combined with new, very small embryonic-like stem cells that have been recently discovered in the blood. [14:07] The Effect of Stem Cells on Aging The only thing that has been proven to reverse aging is large doses of stem cells. A landmark study conducted by Joshua Hare and two other researchers found that people who got 100 million stem cells reversed all six of the categories of frailty associated with aging. Interestingly, when they did doses of 200 million, it didn't work as well as it did with the 100 million. [17:48] How Long the Effect of Stem Cells Lasts Dr. Adelson expects to hear back from his patients anywhere from two to eight years, and an average of four or five years. Stem cell treatment doesn’t work the same for everybody. While about 20% of the people he has treated at the one-year mark showed significant improvement, there is about 10% to 12% of the people they treat where the stem cells don't help at all. [19:03] Other Uses of Stem Cells Stem cells have been used for the treatment of back pain, joint pain, and neck pain. It can also be used on the skin of the face to improve the elasticity and hydration of the skin. Stem cells can be used for the scalp to thicken the hair follicles. It won't cause you to grow new hair, but it cuts down the amount of gray hair in half. Stem cells can also help treat erectile dysfunction and improve the elasticity of the vaginal walls. Resources Mentioned: Docere Clinics Stym Clinics Mesenchymal Stem Cell Therapy for Aging Frailty Life Force by Tony Robbins
Not all deals or sponsors are built the same. If you’re looking to maximize the benefits and returns of private alternative investments, doing due diligence yourself is crucial. This is the perfect primer on how to vet deals and give yourself the best chance at making good returns. In today’s conversation, Pasha Esfandiary and Cody Littlewood chat with Hans Box, co-founder of real estate investment and private equity firm, Box Wilson Equity. Hans has deep expertise in passive and active investing. Learn what to look for when vetting deals and finding the value add component in every deal. Here are some power takeaways from today’s conversation: War stories about deals that didn’t work out What to look for when vetting a deal Finding the value-add proposition in the deal What to look for in value-add The importance of trust in sponsors What to look for in your sponsors How to align incentives Episode Highlights: [13:24] What to Look For When Vetting a Deal The first step to vetting a deal is to vet your sponsor. Look into who they are and what their track record is. They have to be 100% transparent. You also have to ask questions on things that you need more clarity on. How they respond is also very critical. Are they quick to respond? Are their answers clear or do they beat around the bush? Play with a sponsor that's in it for the long game. You also don't want to invest in a deal that they're not investing their own money in because that tells you that either they're not successful enough to have enough money to invest in their own deal, or they've got a better place to put their money than their own deal. [28:06] What to Look for in a Value-Add When you're looking for value-add, there needs to be some way to increase income from the current, or historical operating P&L (profit and loss) of the property, to now. Typically, the way to increase income is by raising the rent. Another way is to buy properties that are already under market that you don’t even have to do upgrades. [38:15] The Importance of Trust in Your Operators People can make their numbers look really good. This is why you have to ask questions about their entry cap rate and exit cap rate, or how they're financing. You have to see that they have a plan and they're being conservative. [55:18] Other Things to Look For in Sponsors Look for longer-term strategy players that are there for the long haul. A lot of sponsors make a ton of money on compressing cap rates or flipping properties without doing much. If you're investing in a long-duration asset, you also have to have a long-duration strategy. Finally, if you see a deal and get really excited about it, and then you see some red flags, just let it go. There will always be deals out there, so be patient. Resources Mentioned: Box Wilson Equity Email: hbox@boxwilson.com