Dump Day!
Happy Hump Day Dump Day, all you Millionheirs out there!
Gotta have a little fun with the dirty side of being an entrepreneur, haha!
Honestly though, I truly enjoy breaking shit with the kiddos on demo day, loading up the trailer full of all that nasty, and then off-loading it at the dump.
The kids take turns helping me drive the truck up the "Big Hill" (otherwise known as the massive pile of garbage, lol), and then we make the long day worth it with some well-earned ice cream at the family owned ice cream parlor in our hometown.
If you want the best ice cream the Panhandle has to offer, check out The Tastee Freez: https://www.tastee-freez.com/
Nothing like supporting small businesses while making our own way in this crazy world.
Hope you all are crushing it this week! We're halfway through it, so sit down, strap in, and let's kick the tires and light the fires!
Go make some MONEY!!!
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How to Buy a Rental Property with ZERO Money Out of Pocket Using the BRRRR Method
Buying rental properties is a lot easier than it seems. You just have to run your numbers correctly and follow the formula that millions of other investors have used to create their rental portfolios. The magical formula, the "secret sauce", and the key to your success is called the "BRRRR" process.
BRRRR stands for: Buy, Rehab, Rent, Refinance, & Repeat and it has been the foundation of my real estate business. There is no way I would have achieved financial freedom through real estate without following the principles of the BRRRR process.
In this video I am not only going to break down the BRRRR method into easily repeatable steps, I am going to show you EXACTLY how I used the formula to buy my very 1st rental property! Not only that, I will give you tips and techniques for raising money to fund your deals, and negotiating with property managers, insurance companies, and lenders.
Using the BRRRR process I have turned a single rental property that was making $114/mo, into over 300 units worth over $7 Million!!!
Check out this video of how I went from having only $3 in my bank account to over $3M in assets in just 3 years: https://youtu.be/vl8Hwr59ObA
Want to know how I learned to buy over 300 rental properties? Check out my "Top 10" Reading List: https://youtu.be/FZ2YzT1a0Dk
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Be Humble or Prepare to Be Humbled
Humility is a virture that I have learned to appreciate the hard way in my life, and I have paid for that lesson dearly.
In this video I go back to flying Cobras in Afghanistan, where I learned a lesson in humility that I will never forget. Unfortunately for me, this lesson was at my own expense in credibility amongst my peers, my superiors, and my students.
Confidence and a little bit of cockiness are some of the defining characteristics of being successful in life, but once you cross over into the realm of arrogance, you can guarantee something or someone will put knock you down a rung or two pretty quickly.
I hope you can learn from my mistake, and that because of this you can see the warning signs of arrogance the next time it starts creeping into your mind.
Here's to you Wealth!
How to Use Your IRA or 401k to Invest in Real Estate
As of March 31, 2021, 401(k) plans held an estimated $6.9 trillion in assets and represented nearly one-fifth of the $35.4 trillion US retirement market & Americans hold approximately $10.8 trillion in IRAs!!!
Of this nearly $18 TRILLION held in retirement plans by Americans, it is estimated that only 2% - 5% of all retirement accounts are held in self-directed accounts. This means that 95-98% of people investing their $17 Trillion haven't learned how to unlock the full potential of their retirement accounts.
In this video, I will break down the various types of retirement accounts, explain what a Self-Directed 401k and IRA is, and cover what you can and can't invest in with a Self-Directed 401k or IRA. I will then explain the very simple and painless process of choosing an awesome IRA Custodian, and the steps necessary to rolling over your current 401k or IRA into a massive wealth generating Self-Directed account.
I'm really excited about this one, because I have had many of our investors use their Self-Directed IRAs to realize massive returns in real estate.
Here's to your Wealth!
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The Ultimate Top 10 Reading List for Entrepreneurs
There are a million and one great books out there about financial independence, creating wealth, mindset, and work/life balance, so why are these "Top 10" books the ultimate list?
What makes this list special is the way in which each book intertwines with at least one, but usually several other books on the list to form a massive unit of knowledge, experience, and "how tos" to becoming truly wealthy and successful.
I challenge you to just read book #1. Not only read it, but open your mind to what it means to collect, invest, and maintain your "coin". When you are finished with #1, comment about what it meant to you, and why you agree or disagree with its principles. I guarantee you won't be able to put it down, and you will be motivated to read #2 (and hopefully the remaining 8 books on the list!)
Check out this video I made the other day about book #10 on the list:
https://youtu.be/dmoJ4ghTfYo
Here's to your Wealth!
$3 to $3 Million with a Side Gig Part 1
In this video, I will be breaking down how I made one of the biggest mistakes in my life, and how I was able to get out of the hole I had dug...for a little while...
It wasn't too long before life threw me another massive blow, and knocked me right back into the same hole I had just dug out of. I was moving rapidly down a path with a brick wall at the end of it, and I needed to make a decision...FAST!
My mission statement with this 2 part series is that you realize that most successful people started off in pretty rough shape, but by taking massive action, moving outside of your comfort zone, and NEVER giving up, they were able to defy all odds and achieve (and frequently exceed) their goals.
My end state is that, at the end of these videos you realize that success is at your fingertips, and you are ready to take massive action to achieve financial wealth!
Check out this video of how two of the richest men who ever lived created massive wealth, but only one of them taught their heirs how to MAINTAIN that wealth:
Watch this: https://youtu.be/dmoJ4ghTfYo
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Rockefellers Vs Vanderbilts
In this episode, I'll focus on the two richest men of the modern era: Cornelius Vanderbilt and John D. Rockefeller
I will discuss why one family is still the richest family on the planet, and the other is...well...broke!
I am going to break down the key differences between a family who squanders more wealth than most people can even imagine, and one which learned how to not only maintain their wealth, but made it grow into an empire.
Buckle up (you'll be joining me in my truck) for a fun ride into the past, and let's learn how doing what the wealthiest man on the planet can help you create your own family empire that will last for many generations to come!
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MillionHeir Mafia Mission Statment
This is the first video in a series dedicated to taking a no BS dive into what it takes to create Million Heirs, capable of maintaining the highest morals and ideals that are so desperately desired by a self-reliant society.
From flying attack helicopters in Afghanistan, to creating multi-million dollar companies while working a full-time W2 job and raising 4 kids to be productive members of society, I'm here to show you IT CAN BE DONE, and YOU can do it!
You're going to get everything I have to give in a "No-Holds-Barred" delivery style. All I ask is that you come prepared to learn, have some fun, and leave no question un-asked. I place it upon myself to give you my all, so please, hold me to the highest standard.
Here's to your wealth!