Get Rich Education

#29: Don Hobbs of “The One Thing” speaking tour tells us how to create more time and happiness in our lives. Listen to this week’s show and learn: 02:33  Listener feedback. They’re acting toward changing their lives. 06:06  Turnkey real estate investing. 11:03  Don Hobbs interview begins.   13:03  What is “The One Thing” that you do that will make everything else in your life easier? 16:05  Aspire to your best-and-highest use. 17:12  “The Domino Principle” optimizes your efficiency. 20:20  Multi-Tasking is a waste! 21:44  Time Blocking.   Resources mentioned: The One Thing live training webinars The One Thing – book     International Coffee Farms – cash-flowing coffee farms where you own the land Jim Rohn Kassandra Taggart Boltman’s book Mid South Home Buyers – Memphis turnkey property Join the GRE Facebook Page at Facebook.com/GetRichEducation Just launched - the GRE podcast Android App!

#28: How to invest in cash-flowing, turnkey agricultural real estate with Keith’s trusted provider. You own the land. Listen to this week’s show and learn: 02:33  Agriculture is one of the earliest human uses of real estate. 03:52  Coffee has sustainable world demand. Specialty coffee has short supply and high demand. 04:30  Some of the world’s most savvy economists are now investing in agriculture. 09:21  David Sewell, Founder of International Coffee Farms (ICFC), compares Panama’s infrastructure and business climate to other world nations. 13:56  David has a history of success by providing cash flow to investors with Colombian coffee farms. Today, he does this for you in Panama. 15:51  The difference between specialty coffee and commercial coffee. 18:41  The points grading system for coffee quality. 20:00  The strength of ICFC’s management team and harvest methods optimize investor cash flow. 25:15  Social sustainability - investors help farm hands. 27:41  Your investor rates of return.  31:51  The timing o

#27: Mark Podolsky tells Get Rich Education how he produces cash flow from raw land. Listen to this week’s show and learn: 02:05  Residential property management, fees, and an operations example at Keith’s 11-plex apartment building. 06:51  The classic professional management vs. self-management debate. 07:47  Mark Podolsky’s model eliminates the need for any property management at all. 09:57  Mark Podolsky interview begins and he explains his business model. 15:10  How to find out when & where land auctions are. 16:28  An example of how to structure a cash flowing raw land deal. 18:06  Why you can buy others’ raw land for pennies on the dollar. 19:29  How to identify the best land parcels. 25:45  How to start with essentially zero money. 28:11  What one needs to know before starting. 30:02  Mark’s big mistake.   Resources mentioned: www.TheLandGeek.com The Best Passive Income Model podcast www.Naco.org www.WeGoLook.com New: You can now hear GRE on SoundCloud

#26: Keith takes the microphone himself this week, helping cultivate an abundance mindset to give investors new epiphanies and motivation. Listen to this week’s show and learn: 02:14  Do you seek information or affirmation? 04:59  The quickest path to your wealth is guided by The Law Of Conformity. You might want to edit your existing friends list! 07:25  A profound comparison between slug, ant, hen, and human. How this helps you elevate awareness. 10:08  How expansionary investing thought permeates into other facets of your life. 12:45  A spin on how to define your goal. 15:55  “Maslow’s Hierarchy Of Needs” applied to your real estate investing life. 21:23  The value in “thinking about how you’re thinking”.   23:03  For more shows like this, listen to Get Rich Education episodes 1, 2, 5, and 17.   Resources mentioned: Maslow’s Hierarchy Of Needs Peter Sage Robert Kiyosaki’s new book Second Chance Get any free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the GRE Facebook Pag

#25: There aren’t many famous real estate investors. There’s Barbara Corcoran, Donald Trump, Ted Turner, and today’s guest…Ken McElroy. Listen to this week’s show and learn: 02:00  Keith cannot think of a greater contributor to real estate investing education this generation than Ken McElroy. 04:04  Last month, Robert Kiyosaki, Ken, and Keith were in the same room when Robert dubbed Ken McElroy “The Greatest Real Estate Investor In The World Today.” 05:08  Ken began in real estate as a Seattle property manager. 08:12  RE agents often don’t own investment real estate and they try to “sell buyers on the future.” Instead, use a Property Manager to find what rents really will be.   11:30  Buy investment real estate for cash flow rather than capital gains. 13:23  “Real estate is really dumb and it moves slow.” Buy where the jobs are going to be. 15:40  How Ken looks for opportunity in a new purchase. 16:50  When Ken would want to buy a vacant four-plex rather than an occupied one. 20:18  Actionable ways to add val

#24: On the brink of homelessness, J. Massey pulled himself up. He became a master of raising private capital for deals without using any of his own money – because he didn’t have any. In fact, he’s amassed a fortune and has still never used a bank for a real estate loan. Listen to this week’s show and learn: 00:56  People’s worst financial trade of their life is one that they keep making every week. 06:07  J. and his wife’s touching story and rise from nowhere. They had to sell items on eBay to pay monthly utility bills.   13:04  By the time J. owned 117 houses, how others responded. 14:40  Real estate “wholesaling” is where J. first gained traction. 17:22  Today, “raising private capital” is the skill that J. helps others with to obtain wealth. 23:14  Raising private capital from others. 27:01  How does a beginner start to raise private capital from others? Details at CashFlowDiary.com/MoneyTool 31:20  How much time and what character traits are needed to raise private capital?   Resources mentioned: CashFl

#23: John Lee Dumas, likely the world’s best-known podcaster, joins us today. John has grown the popular Entrepreneur On Fire podcast to generate several million dollars of revenue every year. Listen to this week’s show and learn: 02:31  Keith is on a mission to turn more “nobodies” into “somebody” than anybody. 04:10  A great tip for those that manage their own investment properties. 05:15  Keith is picky with whom he has on the show, and why he arranges episodes in a certain order to best serve you. 07:09  Why Get Rich Education chooses to release episodes on Fridays. 07:51  The Get Rich Education podcast is a money loser. Keith opens up with how he feels about podcasting. 11:21  The importance of relationships. Attend events in-person. 12:32  John Lee Dumas has pushed the limits of the podcasting frontier and helps others start podcasting with Podcasters Paradise. 15:31  John Lee Dumas makes his debut on Get Rich Education. 18:25  Why John began podcasting and how he does a show 7 days a week! 23:25  When

#22: Jay Hartley, Director Of Investments at Classic Property Management in Arlington, TX acquires, leases, and manages property in the Dallas-Fort Worth (DFW) metro. They’re often newer-built brick single-family rental homes. Listen to this week’s show and learn: 03:14  Why Keith lives in Anchorage, Alaska. 06:03  Comparing Memphis, TN and Dallas-Fort Worth, TX real estate investor markets. 08:12  A quick determination of how a property can provide you with monthly cash flow. 13:44  DFW’s “sweet spot” for investment properties is between $130,000 and $170,000. 15:26  How Jay advises you about higher Texas property taxes. 18:15  The character of your tenant and occupancy rate in this market. 27:35  Property Manager interview role-play with Jay Hartley. 32:54  How Classic Property Management screens tenants. 38:26  Classic’s fee structure, monthly reporting, and how they pay you your cash flow. 41:20  Jay wants to interview prospective investors to see if they’re a good fit for Classic. 42:04  Bonus: Listeners

#21: Get Rich Education is about you. In a personal episode, this turns around and you learn more about your host, Keith Weinhold. You also discover Anchorage, Alaska’s real estate market, economy, and great quality of life. Listen to this week’s show and learn: 02:06  The parenting influence that Keith grew up in helped foster an abundance mentality. It wasn’t wealth. 04:58  Keith spent a year living in a swimming pool maintenance hut. 08:00  Moving from Pennsylvania to Anchorage, Alaska. 09:10  The time and money lies people tell themselves. 11:53  You cannot buy happiness. You live happiness. 14:10  The first property Keith ever bought was an Anchorage four-plex building. 18:10  The secret is this: “There is no secret.” 22:12  You can be a fountain or be a drain. 23:23  Anchorage, Alaska and its real estate market. 26:15  Alaska’s #1 economic driver is oil, making it one of the wealthiest US states. North America’s largest oil field is in Alaska. 27:50  Anchorage has the 2nd-busiest cargo airport in the Un

#20: Vocabulary is integral to advancing your investor life. It attracts the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and how you might use them in a sentence. Listen to this week’s show and learn: 02:28  Keith discusses New York City. 06:55  How you pull yourself up from middle class. 09:28  Being the best version of yourself. Vocabulary Terms: 10:44  Accredited Investor. 13:08  Appraisal. 15:30  Assessment. 16:35  Capex (Capital Expenditure). 17:33  Capital Gain, Capital Gains Tax. 20:08  1031 (Tax-Deferred) Exchange. 23:12  Debt Service. 23:48  Mortgage. 25:06  Rate Hike. 29:12  Rent Control. 30:07  ROTI.   Resources mentioned:  Investopedia.com Investor.gov Janet Yellen MidSouthHomeBuyers.com Rent Control laws by state Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! @GetRichEd

#19: Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.” Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth? Tom’s firm could help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return. Listen to this week’s show and learn: 03:30  Michael Jordan had coaches and teammates. To grow large, you’ll eventually need them too. 06:25  Over the course of your life, your greatest financial expense will be taxes. 11:43  This is the largest new tax change for real estate investors since the 1980s. 15:07  How to save tens of thousands in taxes with a Cost Segregation. 22:20  The “magic” of depreciation. 29:31  Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow. 32:35  Why not to use your IRA to invest in real estate. 35:55  The tax benefits of oil & gas direct investing vs. oil & gas stock investing.   Resources

#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells. Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells. Monthly cash flows and terrific tax benefits are typically provided to investors. Listen to this week’s show and learn: 02:03  What is a real estate “syndicator”? 09:08  The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status.  11:00  The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock. 13:35  Today’s drilling techniques may reduce the risk of “hitting dry holes”. 22:03  Interests in reducing environmental impacts of oil & gas extraction. 25:44  Does Reef have “skin in the game”, investing alongside the individual investor like you? 28:14  How R

#17: Thoughts are not enough. You must act. Recorded February 1st, 2015, in Anchorage, Alaska, Keith provides a motivational performance this week. This content has spurred his students from thought into action by purchasing their first-ever investment real estate. Listen to this week’s show and learn: 01:20  You own your mind free and clear. There is no mortgage debt against your mind. 02:58  This common advice that you have heard must be specifically avoided it if you ever want to be successful. 07:50  How long should you get educated on real estate investing before you act? 09:48  Three specific real estate investing actions for you to take. 12:00  Mortgage “Pre-approval” vs. “Pre-qualification”. The value of meeting with your mortgage lender, even if you think you can’t get a loan. 16:07  Section 1031 Tax-Deferred Exchanges and “Cash-Out” Refinances can amplify your cash flow and leverage. 22:52  If Keith could start all over in real estate investing, these are the 3 things that he would most want to do d

#16: “Power Connector” Judy Robinett, author of top-selling “How To Be A Power Connector: The 5+50+100 Rule For Turning Your Business Network Into Profits” joins Get Rich Education today and tells you how to find investment money. Listen to this week’s show and learn: 01:25  Real estate syndication and business crowdfunding defined. 04:48  It’s not what you know, it’s who you know. 07:17  How do you “get in the right room” to get your deal funded? 10:20  The difference between angel investors and venture capitalists. 13:13  Where you find a network and investors. 17:34  How do you learn about which people to avoid? 19:35  What is “Reputation Capital”? 20:08  How to best use social media for networking. 21:35  Why there aren’t more women in business. 24:24  The “5+50+100 Rule”. 27:40  Another person must know, like, and trust you before they fund you. 29:28  The value of taking an influencer to lunch. Ask “Who else do you know that I should talk to?” 31:33  People don’t lack resources. They lack resourcefulne

#15: Rich Dad Advisor Garrett Sutton provides knowledge with how to incorporate and protect your business and real estate interests. Listen to this week’s show and learn: 06:33  Garrett tells us that one of the better US states for protecting one’s assets has now become more vulnerable to outside attacks. 06:59  More states’ courts are ruling against protection for single-member LLCs. 08:57  Garrett explains the importance and meaning of protecting your “corporate veil”. 11:56  How to protect oneself with a four-plex and FHA 3.5% down payment. 14:15  How to change an existing property from individual ownership to an LLC. What’s special about Wyoming LLCs and how you can use one. 17:42  Who is liable in a slip-and-fall case – the property owner or the property manager? 18:18  Umbrella Insurance. 20:34  Can one “overdo it” with too much asset protection? 22:53  Garrett’s real estate investing preferences. 25:16  What Garrett would tell a 27-year-old investing enthusiast today. 27:50  Tell Corporate Direct / Sut

#14: Listen to this week’s show and learn: 01:39  Keith opens up about the only losing investment property he has ever owned, what made it a loser, and why he just sold it this week. 08:24  With every investment deal, you either get the profit or you get the lesson. 10:00  For Tom Hopkins International Sales Academy Feb. 20-21 in Orlando, FL, use the Discount Code below for a deal that GRE negotiated for your 2-day tuition. Optionally, you may also e-mail John@GetRichEducation.com and on a first-come, first-served basis, GRE can provide you with a free 3-night stay in a condo room for the event. 14:32  Here in 2015, many U.S. turnkey real estate providers have little or no inventory. 15:25  Part of the first family of American precious metals, our guest is Anthem Blanchard. He owns a precious metals storage and trading company, www.AnthemVault.com. 18:53  Anthem’s father, Jim Blanchard, was the influential hero when President Gerald Ford legalized gold ownership in 1974. 20:30  Why does gold have value?   Res

#13: You, your investments, and your real estate will all soon be dramatically affected by the disruptive invention of driverless cars. The good news? Today you can learn how to position yourself to make this innovation profitable for you. Listen to this week’s show and learn: 01:15  Driverless cars, 3-D printing, and drones will dramatically affect you. 02:28  People often scoff at the notion of coming change. Then change comes fast. 05:14  It’s easy to forget that horse travel used to dominate American transportation. 07:37  The invention of the automobile populated the suburbs. 09:43  Today, many cities have more than half their area dedicated to streets and parking for cars. 13:16  Ride-sharing services like Uber have already diminished the demand for parking lot real estate. 14:12  Unused parking spaces and smaller roads are coming. This will change real estate values. 15:47  Most agree that driverless cars will be for sale to the public by 2020. This will improve your life. 21:32  Driverless cars will m

#12: You sell yourself everyday. The World’s #1 Sales Trainer, Tom Hopkins, tells you how to sell - whether it’s selling a piece of real estate, being promoted at your job, or selling an idea to your spouse. Make your life and business explode with these ideas. Listen to this week’s show and learn: 02:05  Tom Hopkins interview begins. 03:22  How Tom sold 365 homes in 365 days. 04:20  Is one “born to sell” or if can it be a learned skill? What’s better for sales - introvert or extrovert? 07:47  The seven fundamentals of Selling: Prospecting, Initial Contact, Qualification, Presenting, Handling Objections, Closing The Sale, Referrals. 11:32  The best strategy for more referrals, which are where most of your sales come from! 13:03  How to overcome buyer objections, including when one says, “I want to shop around”. 15:48  The vital importance of passion. 20:23  How to overcome being told “no”. Why the world’s wealthiest people “have no guarantees”. 26:24  Words you must avoid when selling, and the million dollars

#11: Inflation is like your hidden tax. Listen to this week’s show and learn: 02:10  Spending is more fun than saving. 03:33  Don’t live below your means. 05:30  Why a “good rate of return” is not enough return for an investor. 07:18  Why millionaires will soon be poor people. 08:45  How currency inflation is invisible. 12:35  Why the stock market must hit all-time highs every day just for you to break even. 13:00  The Consumer Price Index (CPI). 14:47  Why the U.S. and most major nations want more inflation in the future. 15:55  The power of “tilting the chart”. 18:14  How you will beat inflation by understanding real estate leverage ratios.   Resources mentioned: Consumer Price Index at www.bls.gov/cpi/ keith@getricheducation.com

#10: Vocabulary is key to advancing your investor life. It’s also important for attracting the right people so that you can form the right relationships. Learn how these terms are defined in a clear way, used in an example, and also how you might use them in a sentence. Listen to this week’s show and learn: 02:16  Keith comes to you from Los Angeles, CA today. Many investing shows assume that you already know the “language of investing”. But if you don’t first learn these basic terms, you could get left behind.  05:32  Arbitrage.  07:37  Cash Flow. This includes the meaning and significance of “V-I-M-T-M”. 10:05  Cash-On-Cash Return. 11:39  Capitalization (Cap) Rate. This includes a key explanation of why Cap Rate does not include your mortgage cost. 16:28  Commercial Loan. 19:06  Dividend. 20:53  Equity. 21:37  FICO Score. 22:42  Inflation. 24:22  Interest, Interest Rate. 24:46  $K. 25:28  Liquid, Liquidity. 27:11  Superhero Syndrome.   Resources mentioned: www.Investopedia.com www.MyFico.com