Despite the proliferation of personal finance education, a recent study shows that nearly half of all Americans live paycheck to paycheck. Credit card debit, student loan debt, and car debt are all reaching a record high in America. Hilary Hendershott learned some personal finance lessons the hard way, and now she devotes herself to helping others avoid similar financial mistakes.
Hilary is the host of Profit Boss Radio, a weekly podcast for women and money. Hilary has an MBA, and she’s a Certified Financial Planner. She’s a TEDx speaker, and she’s been featured in the Wall Street Journal, NBC, ABC, FOX, DailyWorth, Forbes and Investopedia. She was recognized as a Top 40 Under 40 Entrepreneur in Silicon Valley. With more than 30 television appearances, she’s the go-to personal finance expert in Silicon Valley for the NBC evening news where they call her "The Investor's Voice of Reason."
Over the last quarter century Damion Lupo has started and owned more than 30 different companies including an insurance agency, a precious metals firm, a venture capital company, a financial consulting firm, and more than a dozen real estate investment and development companies. He’s also the founder of Yokido ™, his own martial art and holds 3 other black belts. Damion also opened Total Control Financial in 2016 designing everything around 10X growth and 10X impact for the client, the team and shareholders. Damion is a 5-time author and sought after financial consultant for accredited investors and business owners. Using a vast knowledge of financial markets, money psychology and pattern recognition he’s an expert at quickly diagnosing hidden financial cancers with clients and their organizations and rewiring both for success.
We always say, you can make money doing absolutely anything these days. We also say you can lose money doing anything! You just have to find what you enjoy and what you are best at. In this episode, Chris shares a fascinating story and career path that we can all learn from.
Chris Hartman has worked in the oceanic industry on a corporate, field, industry and academic level. He developed a comprehensive understanding of the structure of the industry. Having worked 1500 plus days offshore, from performing underwater oil rig repairs to collecting medicinal specimens, through the use of Heavy-Duty Work-Class Remotely Operated Vehicles. His current venture: Global Ocean Center—an oceanic data and operations management organization, providing linkages among industry, academia, military, government and public sectors.
Are you interested in starting a successful business? Success can be just as dangerous as failure, and Clint knows this well.
Clint Fiore has a unique combination of entrepreneurial, executive leadership, and high-tech systems experience. He has utilized these attributes to create a first-of-its-kind business that systematically removes the mystery and obstacles associated with finding a business, buying and financing the business you want, preparing your existing business for sale, and marketing your business efficiently to its next owner.
His experience includes:
We have often heard it said "When it doubt, follow your gut". However, is this always the best thing to do in life and business? In our opinion, it depends. In this episode, Robert shares his story and offers timeless advice for avoiding the pitfalls of following your gut.
Robert Blaha, President of Human Capital Associates, has more than twenty-five years of experience dealing with leadership, high-performance work, and major Six Sigma and Lean implementations. He has held senior management positions with four major corporations—Ford, Monsanto, Engelhard and Asea Brown Boveri (ABB).
In 1993, Robert founded Human Capital Associates. HCA was created after thoroughly analyzing major initiative "disconnects" within organizations. HCA's processes in business transformation, program and leadership development, and lean6sigma process improvement have resulted in improved organizational capability, billions of dollars in documented savings, and increased revenues for his clients.
Losing money is always bad. But what about losing $50 million? That would crush most people, but not Rod.
Rod Khleif is a real estate investor, entrepreneur, multiple business owner, author, mentor, peak performance coach and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate investors, Rod has personally owned and managed over 2,000 apartments and homes. Rod is the author of “How to Create Lifetime CashFlow Through Multifamily Properties” considered to be an essential “textbook” for aspiring and experienced multifamily investors. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 45,000 community children in need.
Going through a divorce can be devastating. However, we hope Moshe's story inspires you to persevere through whatever challenges you are facing, knowing that you have the ability to get to the other side.
Moshe Amsel is the founder of DreamBuilder Financial an accounting firm specializing in personal wealth growth through online business and real estate. An accountant, business profit strategist, tax guru and Profit First Professional, Moshe has made it his mission to help people achieve their dreams by guiding them through wealth creation. Moshe has a 20 year background in the IT industry prior to entering the accounting field, this experience has made him a valuable partner to businesses seeking a virtual CFO. Moshe hosts hosts own podcast Dream Builder Financial where you can learn tips for growing your wealth as he discusses topics on personal finance, business and tax strategies every week.
Learning how to navigate business relationships with excellence is essential to sustaining success. Hear how Dave Van Horn dealt with some tough business relationships and hustled his way to investing success.
Dave Van Horn serves as President of PPR, a Note Company, managing several funds that buy, sell, and hold residential mortgages nationwide. Dave’s expertise is derived from over 30 years of residential and commercial real estate experience as a licensed realtor and a previously licensed life and annuity insurance agent, before moving on to raising capital for commercial real estate deals. He is an avid investor in notes and mortgages, as well as a long-term holder of multiple investment properties. In addition to being a board member and facilitating the Strategic Investor Alliance group, Dave also travels to many RE meetings and conferences as a national speaker on delinquent notes.
Fear is deadly. Much like greed, fear can cloud your thinking and in turn, your decisions. J. offers timeless principals and practical guidelines for overcoming fear in your business and life.
J. Massey is a full-time real estate investor, entrepreneur, popular podcast host, author, speaker, coach and all-around problem solver, J. Massey is well known for providing best-in-class advice and strategies to help new and experienced investors the world over.
J.’s platform is simple… He invests his time looking for investment opportunities (a.k.a., problems to solve through real estate transactions), closing deals and teaching others how to find and manage similar opportunities, including
Hear how Andrew Cushman overcame a horrific real estate deal and rebounded to success.
In 2007 Andrew left his corporate position at a large food corporation to start a business in real estate investment. Starting off with single family properties, Andrew completed 24 single family transactions (purchase, rehab, sell), all of which earned significant returns for both his business and investors. In 2010 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned 1,546 multifamily units that are providing investors with strong returns.
Jake is first and foremost a husband and father of three and he lives about an hour south of the beautiful city of Seattle, in Washington State. He's gone through the traditional "go to school and get a good job" path and that worked out pretty well; allowing him to travel around the world managing high-end construction projects, primarily working and traveling to New York, Australia, Toronto, and Portland.
Jake was working in New York during 9-11. That caused a massive impact in his thinking...how can I make the biggest difference in peoples' lives? Always the action taker, he decided to become a fire fighter. A "job" that he still has today and will continue to do even though it's not financially necessary. Jake, along with his brother Brian, are the owners of The Elevation Group. The Elevation Group is a financial education company they acquired using the strategies they learned as members.
Their goal is to grow that business and get this wealth-building information into the hands of as many people as possible. They have significant experience in many real estate strategies and also manage a private investment fund they started 2 years ago.
Kathy Fettke is the co-founder of the Real Wealth Network, and she specializes in teaching people how build multi-million dollar real estate portfolios through creative finance and planning. She is passionate about researching and then sharing the most important information about real estate, market cycles and the economy. Author of the #1 best seller, Retire Rich with Rentals, Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR and CBS MarketWatch.
How to Lose Money is all about helping YOU avoid costly business and financial mistakes. Have you ever considered starting a business with a friend?
Sometimes it's great. The money is coming in, there aren't any major disagreements. Other times not so much. Hear how entrepreneur, house flipper, and real estate investor David Roush started a business with some friends and how he would do things differently now. Remember, failure is not fatal. It's your choice.
Greg Feldmann, President of Skyline Capital Strategies, was approached by a vetted entrepreneur with a brilliant new technology with promising sales. Yet the business didn't work out as he hoped.
Hear how Greg overcame this momentary setback and the incredible lessons he learned about how to be successful with venture capital investing, and investing in general.
Jack Woomer has worked in the multifamily industry for almost three decades, but he has a side hustle. He's been doing it since the year 2000. His side hustle is buying houses, rehabbing them, renting them, or quickly selling them for a profit. In other words, he is a real estate investor and has been quite successful at it. In fact, he has flipped over 70 homes while working a full-time job.
Jack has learned some valuable but painful lessons about investing in general, and how different it is from speculating. As a reminder, we do this podcast to help YOU avoid mistakes and expedite your journey to financial freedom.
Do you struggle with greed? Hear how greed can cloud your vision and destroy your business, and learn how you can avoid the same pitfalls.
Bill Manassero is the founder of the Old Dawgs REI Network, a blog and podcast for people 50 and older who are using real estate investing to fund retirement. Bill's goal is to own and control 1,000 apartment units in less than six years. Prior to owning the Old Dawgs REI Network, Bill and his family served as missionaries in Haiti. Before he was a missionary, he spent twenty years in financial/business services, in both the entrepreneurial and corporate sectors. A few highlights of Bill's career include meeting Ronald Reagan, Jimmy Stewart, being interviewed by Oprah Winfrey, and having CNN make a documentary about his work in Haiti.
Michael Blank is a full-time entrepreneur, investor and coach who’s passionate about helping others do their first apartment building deal and get out the rat race. Michael has raised $1.6M for 35 residential and multifamily projects valued at over $7.5M. He continues to actively invest in apartment communities in multiple states throughout the East Coast and Midwest. His asset management partners control over $58 million in performing multifamily assets all over the United States. In addition to his own investing activities, Michael provides training and consulting services via www.TheMichaelBlank.com and has helped students acquire over 300 units valued in excess of $11,000,000. Michael is the host of the popular podcast “Apartment Building Investing with Michael Blank” and he writes regularly for the Bigger Pockets and Flipnerd’s REI Classroom. Michael lives in Northern Virginia with his wife and 4 children.
Around 1997 Scott Meitus, Founder and Director of the Windward Group, was working for a fairly large real estate firm in Chicago. They did a number of condominium conversions.
The story got interesting when the president of the company wanted to push the envelope. They tried to expand into the Milwaukee area—and it didn’t turn out quite as well as they had hoped.
Brian Fouts, CEO of The Elevation Group, and his brother had a real estate project sourced by someone they considered a trusted source.
The deal didn’t look much different than all the others they had done. They were excited, and they closed on it within a week, moving very fast to take advantage of a hot market.
Little did they know they put their trust where it didn’t belong...
John Collins, business developer for GetRichEducation.com, entered his first investment in his mid-thirties, after attending an investing summit on a cruise ship.
In the span of just one year, he spread himself far too thin and had to offload just about everything he’d taken on.
Here’s how it happened.
Note: John recommended blinkist.com and Kindle Unlimited as excellent reading resources.
You’re probably familiar with Groupon, LivingSocial, and other daily deal sites.
Stephen Gardner, author of A Bridge Over Troubled Wall Street and Smartest Woman in the Room, joined a similar company back in 2011.
He was told they were fully funded, so he quit his job and went over as the fourth team member. Then he realized the other three didn’t know what they were doing—none of them did.
Jered Sturm’s focus is in investing in apartment complexes. But he deviated from that focus to help someone in his local networking group who got themselves into a sticky situation.
By trying to help, Jered ended up in a sticky situation himself.
Jered Sturm is Co-Founder and Director of Sales and Marketing at SNS Capital Group. You can read the full version of his story here: https://www.biggerpockets.com/renewsblog/2016/07/09/experienced-investor-catastrophe/
David Campbell went from high school band director to real estate investor in 2005.
Money was good, his investments were successful, and the future was bright—until 2008 loomed ahead.
Listen in as David shares how he went from millions of dollars in net worth to negative millions in a matter of months.
As you may have heard, mobile homes are little metal boxes that spit out money.
In today’s story, the mobile home wasn’t the problem. It was the person—Gino Barbaro, investor, entrepreneur, and best-selling co-author of Wheelbarrow Profits.
As Gino told us, “When you’re not educated and you don’t take the appropriate actions, don’t blame the investment—blame the investor.”