Not Your Average Financial Podcast™

Think different about your money, your economy and your future. Be curious. Be stable. Be sane.

Episode 190: The Ninja Belts of Bank on Yourself®

April 23, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_190.mp3

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In this episode, we ask:

  • What strategies are you excited about?
  • What about being a newbie?
  • Would you like to hear a ninja belt metaphor?
  • What is the white belt?
  • What about saving from cash flow?
  • What about monthly premiums?
  • What do you learn in karate?
  • How many moves are you making in your monthly budget to up your cashflow?
  • What about the fundamentals?
  • What about “back to the basics”?
  • What is the orange belt?
  • What about a lump sum along with monthly premiums?
  • What about windfalls?
  • What about bonuses?
  • What advantages come with a paid up additions rider?
  • What about repositioning?
  • What is a 1035 exchange?
  • What about universal life policies?
  • What about the red belt?
  • What about annual premiums?
  • How does this benefit business owners?
  • What about annual windfalls?
  • What about an annual surge in sales?
  • What about multiyear projects?
  • What about solving several problems?
  • What about passing on savings?
  • What about the yellow belt?
  • What about the intention behind starting?
  • What about other people?
  • What about lines of credit for business?
  • Can you have multiple policies on yourself?
  • What are the most important assets in your life?
  • What about the green belt?
  • What about real estate?
  • What about business inventory?
  • What is life insurance all about?
  • What about an additional focus?
  • What about vehicles?
  • What about college?
  • What about business expenses?
  • What about the debt SnowBank Method?
  • Is it possible to be better than debt free?
  • What about policy loans?
  • What restrictions are on policy loans?
  • What questions do insurance companies ask to take policy loans?
  • Would you like to learn more about the green belt strategy?
  • What about the purple belt?
  • Would you like the budgeting tool? Meet with Mark
  • Do you have a massive tax bill due every year?
  • What are non-direct recognition policy loans?
  • How fast should you pay the policy loan off?
  • Are you a business owner?
  • Are you a real estate investor?
  • What happens if you don’t pay off the loan?
  • What about the fortitude required?
  • What about compound growth?
  • Is it a good idea to pay a policy loan back?
  • What does it mean to lapse a policy?
  • What is a big deal?
  • What is not a big deal?
  • What is the risk on the gains in the policy?
  • What do you lose when a policy lapses?
  • Do you understand the risks?
  • What about the brown belt?
  • What is a system of policies?
  • What is a family office?
  • What about grandkids?
  • What about grandparents?
  • Why insure kids?
  • What is the power of this strategy?
  • What is the regular system of communication and intention?
  • Is a family office formal?
  • Is a family office informal?
  • How might a family communicate?
  • When do families meet?
  • Who shows up to a family meeting?
  • What is the key?
  • How might you prepare your people for the money?
  • What about the black belt strategy?
  • What about income equaling premium?
  • Is this recommended?
  • What is fraught with peril?
  • What did Nelson Nash say?
  • What is the caution?
  • Why is this not for 99% of people?
  • How does it work?
  • What are the four steps?
  • How might you live on less than you make?
  • What about the pattern of life?
  • What are the risks and considerations of black belt strategy?
  • Are you able to live like a spartan?
  • What about getting improved for this much life insurance?
  • What is the job of underwriters?
  • What about liability?
  • Have you arrived?
  • How are you still learning?
  • Would you like to strategize together?
  • Book a Meeting with Mark

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_190.mp3

Episode 186: Thou Shall Prosper with Rabbi Daniel Lapin

March 26, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_186.mp3

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In this episode, we ask:

  • Who has their hand on the steering wheel of life?
  • Who is Rabbi Daniel Lapin?
  • What was his most important journey?
  • Who tends to be disproportionally good with money?
  • What did William Wordsworth say?
  • What about entropy?
  • Is chaos the order of things?
  • What about building?
  • Are you taking care of things?
  • Are you maintaining your living space and your vehicles?
  • What happens when you don’t do the work?
  • What about ancient Jewish wisdom?
  • What about Adam and Eve?
  • What happens when one reads the Hebrew?
  • What about taking care of business?
  • What abut being obsessively preoccupied with taking care of others?
  • What about service?
  • What about taking care of customers?
  • Is the world against you?
  • What about enormous cooperation and effort?
  • What about happiness?
  • With whom do you spend time?
  • Who is miserable?
  • Does company love misery?
  • Who is a happy warrior?
  • What about family?
  • What about friendships?
  • What about faith?
  • What about fitness?
  • Have you read Thou Shall Prosper by Rabbi Daniel Lapin?
  • Why are Jews successful?
  • What about powerful strategies and principles?
  • What about destiny?
  • What about getting whacked?
  • What about suffering from deep existential loneliness?
  • What happened when Rabbi Lapin met a pair of tech reps?
  • What about working with things?
  • What about working with people?
  • What is money and why does it matter?
  • How is money a certificate of good performance?
  • How might you take care of the things in your life?
  • What does the Rabbi think about Bank on Yourself®?
  • Would you like to visit rabbidaniellapin.com?

Daniel Lapin was born into a prestigious Torah family. He was a student of his father, Rabbi A.H. Lapin, who served the Jewish communities in Johannesburg and Cape Town, South Africa, eventually immigrating to America with his wife where they established the Am Echad synagogue in San Jose, CA.

In 2002, Rabbi Lapin wrote his bestselling book Thou Shall Prosper: The Ten Commandments for Making Money (John Wiley ). This book continues selling well in America (as does its sequel Business Secrets from the Bible) and has also been translated into Chinese and Korean, among other languages. In 2007, Rabbi Lapin, along with his wife, Susan, founded Lifecodex Publishing. They began producing audio CDs and writing books to make ancient Jewish wisdom accessible to people of all faiths. Lifecodex Publishing now has DVDs as well as publishing works by other authors that promote traditional learning and values.

Rabbi Lapin is a frequent speaker for hundreds of groups, institutions, organizations, and companies including Family Research Council, Harvard Law School, the United States Army, the 1996 Republican National Convention, Voices United for Israel, and Young President’s Organization. Rabbi Lapin was the keynote speaker at the Congressional Bi-Partisan opening of the 106th Congress in Washington, DC.

Rabbi Lapin hosts a weekly audio podcast which presents thousands of years of Jewish wisdom emanating from the Bible, in ways that impact and improve modern-day life.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_186.mp3

Episode 182: The Mindset of a Real Estate Investor with Steve Rozenberg

February 26, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_182.mp3

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In this episode, we ask:

  • Who is Steve Rozenberg?
  • What was dinner like for Steve growing up?
  • What changed for Steve around 9/11?
  • What about real estate?
  • What did Steve learn?
  • What about property management?
  • What about mindset and real estate investing?
  • What’s happening to the airlines?
  • Who owns the airplanes?
  • What happens when the planes are parked?
  • What about job security?
  • Why did Steve get into real estate?
  • What happened in the last 20 years?
  • What about taking focused and intentional action?
  • What is Steve seeing among pilots?
  • What are all of the ways one can make money on real estate?
  • What are the pros and cons of real estate?
  • What about making mistakes in real estate?
  • What about choices?
  • What is the mindset of a real estate investor?
  • What is the goal?
  • Why get into real estate?
  • What is the difference?
  • Why are some successful?
  • What are the desired results?
  • What about just being busy?
  • What about including the spouse and kids?
  • What is the employee mindset?
  • What is the entrepreneurial mindset?
  • What is the real estate investor mindset?
  • Why is it important to stop and think about your “why”?
  • What are the odds?
  • Is a rental property technically a business?
  • What does one need for a business to succeed?
  • Who has a business plan for their rental properties?
  • What is the best piece of advice Steve has received?
  • What about plateaus?
  • Will you stay the same, decline or improve?
  • What about universal atrophy?
  • What about the mindset?
  • What about the strategies?
  • What about buy and hold properties?
  • What about ego in a deal?
  • Does this property align with your goals or does it not?
  • Does the property align with your strategy?
  • Is this taking me closer to my goal?
  • Where is real estate headed?
  • What do you need to do to prepare?
  • What is Mynd property management?
  • Would you like to visit steverozenberg.com?
  • Would you like to subscribe to the YouTube channel?

Steve Rozenberg is the Vice President of Education for Mynd where he educates investors about the benefits of small residential investing.

Rozenberg is a member of both the Houston and Fort Worth/Mid-Cities chapters of NARPM, and is a licensed Texas real estate agent.
 
Rozenberg is an international commercial airline pilot who turned to real estate investing after 9/11 changed his life. Rozenberg has fixed-and-flipped hundreds of properties in the Houston metro, before co-owning the leading residential property management firm in Houston and DFW.
 
Throughout his 15-year career in real estate, Rozenberg has hosted several radio talk shows, appeared on a number of real estate investing podcasts, webinars, and masterminds.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_182.mp3

Episode 178: Tax-Free Wealth with Tom Wheelwright

January 29, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_178.mp3

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In this episode we ask:

  • Who is Tom Wheelwright?
  • Have you read his book, Tax Free Wealth?
  • Would you like to hear his podcast?
  • What was Tom’s childhood like?
  • Where did Tom first learn about money?
  • What was one of Tom’s first jobs?
  • What did Tom learn about rental property?
  • With whom does Tom work?
  • What does Tom’s CPA network look like?
  • What does Tom love about tax education?
  • How did Tom’s relationship start with Robert Kiyosaki?
  • Where do Tom and Robert travel together?
  • What about the tax law around the world?
  • How is the tax law a series of incentives?
  • What is Tom’s paradigm of taxes?
  • How long is the tax law in the U.S.?
  • Is all income taxable?
  • Is anything deductible?
  • What is the majority of the tax law?
  • What’s the history?
  • What about incentivizing the free market?
  • What about tax credits?
  • What about depreciation?
  • What about tax credits for sending your kid to college?
  • What about tax deductions for buying a house?
  • What do most countries have in common?
  • What’s fun about taxes?
  • How does one make more money when they follow the tax law?
  • What about electric cars?
  • Is the free market the best place to build infrastructure?
  • What about the cash flow quadrant?
  • What about tax incentives?
  • Have you read Cash Flow Quadrant by Robert Kiyosaki?
  • Are you an employee?
  • Are you self employed or a small business owner?
  • Are you a big business owner?
  • Are you an investor?
  • What about Trump paying $750 in taxes?
  • What about debt and real estate?
  • Do you have to be big to get the benefits of the big business?
  • Can an employee enjoy the tax benefits of an investor?
  • What about the Wall Street trap?
  • What about “retail” investments?
  • What about “wholesale” investments?
  • What about private equity?
  • Is this available to anyone outside of the 1%?
  • What about “factory-direct” investments?
  • What’s on the horizon for real estate?
  • What’s on the horizon for tax law?
  • Are taxes going down?
  • What’s likely to happen?
  • What about incentives toward clean energy?
  • Where is policy headed?
  • What was one of the best real estate deals ever?
  • Are you looking at cash flow?
  • What is the simple analysis of any deal?
  • What will happen to the size of government?
  • What opportunities come with government expansion?
  • What about the pandemic?
  • What about office space and other commercial real estate?
  • What is Tom doing differently in their office?
  • How many streams of tax-free income can Tom and Mark think up?
  • What about Roth IRAs?
  • What about HSAs?
  • What about depreciation on rental real estate?
  • What about a 1031 exchange?
  • What about reverse mortgages?
  • What about life insurance?
  • What about a business?
  • What is the only thing you can cash out of tax free?
  • How can you combine a business with real estate?
  • What about clean energy?
  • What about oil and gas?
  • What runs out? What wears out?
  • What about renewable energy?
  • Would you like to hear the Wealthability show?
  • Would you like to read Tom’s book, Tax-Free Wealth?
  • Would you like to visit wealthability.com?
  • Would you like to join the NEW Not Your Average Financial Community?

Tom Wheelwright is a CPA, CEO of WealthAbility®, Best-Selling Author of “Tax-Free Wealth”, Owner and Active CPA for Wheelwright Manahan, Speaker, and Host of 2 popular podcasts, including The WealthAbility® for CPAs Show. Wheelwright advises CPAs, accounting professionals, small business owners, entrepreneurs, and investors how to permanently and legally reduce their taxes by 10-40%. Previously, Wheelwright was a Manager in the National Tax Office of Ernst and Young, an Adjunct Professor in the Masters of Tax Program at Arizona State University for 14 years, and a Fortune 500 in-house tax advisor and tax lobbyist. 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_178.mp3

Episode 177: Your Life Insurance Business Line of Credit with Sarry Ibrahim

January 22, 2021 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_177.mp3

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In this episode, we ask:

  • Are you a business owner?
  • Who is Sarry Ibrahim?
  • How can Bank on Yourself® type life insurance policies be used for business purposes?
  • What about employee retention?
  • What about cash reserves?
  • Is your business sellable?
  • What about a key person?
  • How could you design this for business?
  • How long can your business go without income?
  • Have you considered the exit ramp of your business?
  • How might a whole life insurance policy from a mutual insurer help with selling a business?
  • What about the valuation of a business?
  • Why do corporations have cash value life insurance?
  • What about reinvesting money back into your business?
  • What about inflation?
  • What about other risks?
  • Where did corporate owned life insurance originate?
  • What about 162 plans?
  • What about key person policies?
  • What about competition in the marketplace?
  • What are the takeaways?
  • Would you like to join our NEW Not Your Average Financial Community?

Sarry Ibrahim focuses his expertise in working with clients who want to grow their wealth and protect it from creditors and predators! His specialty is in working with individuals, business owners and real estate investors in implementing sound financial strategies to thrive through life’s changing seasons. Sarry connects and brings to the table tactics that aren’t typically known to financial planners, investors or attorneys. finassetprotection.com

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_177.mp3

Episode 171: Unemployment, Post-COVID with Nicole Martin and Katie Cummins

December 11, 2020 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_171.mp3

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In this episode, we ask:

  • Are you unemployed?
  • Are you faced with challenges, as a business owner?
  • Who is Nicole Martin?
  • Who is Katie Cummins?
  • What about leadership?
  • What about shared leadership?
  • What ingredients do you have to put on the table?
  • What’s the state of our current employment landscape?
  • What’s the biggest competition?
  • What happened with the low wage jobs recently?
  • What about the other industry shifts?
  • What will the talent pool look like post-COVID?
  • What happens to the workplace?
  • How might we adjust?
  • What changes do we need to make?
  • What about furloughs and layoffs?
  • What about industries that need more staff than they can locate?
  • What about virtual work?
  • What about working in the office?
  • Will we go back to the way things were before?
  • What are some fun and creative things happening in this new normal?
  • What about fun family activities while working from home?
  • What about meeting pets and family members of coworkers for the first time?
  • How might we develop caring?
  • What about the Best and Brightest survey?
  • To whom might you reach out?
  • What does this crisis make possible?
  • What about a chaplain?
  • What about Zoom Bingo?
  • What about drink parties?
  • What about high performing businesses?
  • What are the four pillars of a high performing business?
  • What about shared core values?
  • What about everyone being a leader?
  • What about transcendent organizational value and purpose?
  • Have you ever just asked why?
  • What about performance excellence?
  • What about measuring indicators?
  • What about growth mindset?
  • How might we innovate?
  • What about trying something new?
  • Is now the time?
  • Are you a leader of the future?
  • Would you like to be in business for yourself but not by yourself?
  • Do you love what you do?
  • What does it look like to create your own path?
  • What about truth telling?
  • Would you like to apply to work with Mark and the Lake Growth team? bit.ly/worklg
  • What does HR Boost do for clients?
  • What about the free scorecard?
  • What are the takeaways?

Nicole Martin is Chief Empowerment Officer and Founder of HRBoost, LLC, a HR Shared Services consulting firm based in Chicago, Illinois. In recognition of her professional excellence as well as her community, Nicole has been honored by multiple organizations including most recently as one of Mirror Review’s 10 Game Changing Women in 2019. Awardee for Business Excellence by the Chicago Daily Herald, and a 2016 Enterprising Women of the Year Champion by Enterprising Women Magazine. A sought-after expert, her knowledge and advice have been featured in newspapers and magazines throughout the country. In addition, Nicole is the host online of HR in the Fast Lane and contributing writer for the Chicago Business Journal. Nicole has authored, International Literary Award and Amazon Best Seller, The Talent Emergency, the accompanying Talent Emergency Guidebook, The Human Side of Profitability, The Power of Joy & Purpose, and her newly released co-authored book No Fear Negotiation for Women. Nicole serves on a number of Boards dedicated to Human Capital, Culture and HR Excellence of which include Best & Brightest® Companies to Work For, Social Service in the community and Women in Business. To learn more about Nicole, go to www.hrboost.com or www.nicolemartin.live

 

Katie Cummins is a talented Human Resource professional and leader with experience across multiple industries and HR practices. She is an HR Consultant with HRBoost, LLC, an HR outsourcing and consulting firm. HRBoost believes every business deserves Strategic HR from day one and provides fully integrated HR outsourcing to HR projects and everything in between.

 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_171.mp3

Episode 166: Sean Morrissey is Landlording for Life

November 6, 2020 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_166.mp3

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In this episode, we ask:

  • When was your moment?
  • Who is Sean Morrissey?
  • Have you heard the podcast Landlording for Life?
  • Who is Sean leading?
  • What about buy and hold real estate?
  • What is leading with lifestyle?
  • What does financial freedom mean for Sean?
  • What happened when banks lowered the line of credit?
  • What happened for four years?
  • What did Sean learn?
  • What does Sean do and what does liquidity do for Sean’s business?
  • How did Sean get started?
  • What is the value of liquidity?
  • What are the challenges for landlords right now?
  • What does the average guy or gal not realize about the need we have for access to capital?
  • Is it easy to buy?
  • What’s the weird position?
  • Are you liquid enough?
  • What about roughly 3% of capital expenditures and reserves?
  • What about roughly 5% for vacancy?
  • What about roughly 3% for a liquidity factor?
  • What about the “what if” game?
  • What about Mark’s meeting with Sean?
  • What surprised Sean?
  • What did Sean find?
  • Have you heard Episode 159 and Episode 160?
  • What did Sean learn?
  • What about universal life policies?
  • Are all mutual insurance companies good for Bank on Yourself® type policies?
  • Why does the contract matter on a life insurance policy?
  • What is a direct recognition loan provision?
  • What about non direct recognition company?
  • What’s an eye opener?
  • What are Sean’s hopes?
  • How does Sean plan to use his policies in sync with real estate?
  • What does Sean see, looking back?
  • How does Sean think big enough now?
  • Where do you want to be in 10 to 20 years?
  • When do we want our money most efficient?
  • What’s the power of a whole life insurance policy (especially the older ones)?
  • What about tax deductions and depreciation in real estate?
  • What about long range thinking?
  • What are the options down the road?
  • What’s the problem of real estate without whole life?
  • Would you like to work with Sean?
  • What is happening with evictions in Illinois?
  • What about liquidity?
  • What about setting sights too small?
  • How big can you think?
  • What about opportunities?
  • Want to work with us? We’re hiring. http://bit.ly/worklg

Sean Morrissey is a landlord and real estate broker, in the western suburbs of the Chicagoland area, who has built a $7M real estate portfolio and owns/manages Chicagoland Realty Group Partners LLC.

Having managed 200+ properties for landlords in the Chicagoland area, Sean has built property management systems to make “buy and hold” real estate sustainable and wealth-building.

Sean’s proudest achievement is being able to spend his days with his wife, two kids, dog and cat in what some may define a financial freedom lifestyle. Sean is the host of the real estate “buy and hold” real estate investor podcast called Landlording for Life.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_166.mp3

Episode 165: Combining Bank on Yourself® with Profit First

October 30, 2020 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_165.mp3

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In this episode, we ask:

  • Would you like to work with us? Visit bit.ly/worklg
  • Is this your moment?
  • Would you like to learn how to combine the Bank on Yourself® strategy with Profit First?
  • Who are Brandon and Amanda Neely?
  • Can you build the wealth you really want?
  • What’s Amanda and Brandon’s story?
  • How many bank accounts do you need?
  • How much does an average bank account earn in interest?
  • How much does an average Bank on Yourself® type dividend paying whole life insurance policy earn?
  • What’s the story of Amanda’s client?
  • Who’s the boss?
  • How might you get the best results?
  • Are you financially set for life?
  • Who is taking unnecessary risk?
  • What’s the next step?
  • Who is in the banking business?
  • What makes business owners special?
  • How will Bank on Yourself® help you grow wealth?
  • What about the return of your capital?
  • What are the risks?
  • What about the options?
  • What are the benefits?
  • What about a volatility buffer?
  • Should you only do Bank on Yourself®?
  • What is Profit First?
  • What about debt?
  • What about paying cash for major purchases?
  • How might Bank on Yourself® help you to navigate the opportunity cost?
  • Are you in a W-2 job?
  • Will you run out of money?
  • Are you earning interest or paying interest?
  • Is all of your money tied up in a government sponsored 401(k)?
  • What about a diversified portfolio?
  • How might one break the paycheck-to-paycheck cycle?
  • What are the objections to Profit First?
  • Have you ever received a massive tax bill?
  • How does one pay the huge tax bill?
  • Will you find a way to be profitable?
  • Are you at least 1% profitable?
  • How do Bank on Yourself® and Profit First work together?
  • Do you give every dollar a job?
  • Would you like a copy of the spreadsheet? Email Mark at hello@nyafinancialpodcast.com
  • What are the steps for setting this up?
  • What could this mean for you?
  • Could this benefit you?
  • Do you need someone to help set up Profit First?
  • Do you need someone to help you set up Bank on Yourself®?
  • Would you like to schedule an intro call? The link is case-sensitive: bit.ly/BOYPF123
  • What’s your next best step?
  • What adjustments do you need to make?
  • What’s the death benefit?
  • Why are not-so-average strategies so important?

Profit First Chart

Profit First Chart

 

How Profit First works with Bank on Yourself®

https://nyafinancialpodcast.com/wp-content/uploads/2020/10/How-Profit-First-works-with-Bank-On-Yourself.mp4

 

 

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_165.mp3

Episode 162: Real Estate Investing and Bank on Yourself® with Lane Kawaoka

October 9, 2020 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_162.mp3

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In this episode, we ask:

  • Who is Lane Kawaoka?
  • How did Lane start his portfolio?
  • What does Lane like to purchase?
  • What about “recession resistant” properties?
  • Why did Lane choose real estate?
  • What is Lane’s opportunity fund?
  • What about litigation protection? How does that work in each state?
  • What about retirement plans or qualified money?
  • What about tax advantages?
  • What is the advantage of using non qualified money?
  • What is cost segregation?
  • What is bonus depreciation?
  • Do the tax benefits get passed down to LPs?
  • What happens with high income earners?
  • What about the Required Minimum Distribution in retirement?
  • What is preferable about whole life insurance?
  • How does Lane pick his deals?
  • Why are relationships so important?
  • What about choosing the right, trustworthy people?
  • What are the three keys to success?
  • Does the income exceed the expenses (and then some)?
  • What about cash flow investing?
  • Would you like to hear Lane’s podcast, Simple Passive Cashflow?
  • What about Lane’s Mastermind, Passive Investor Accelerator?
  • What are the takeaways?

Note the disclaimer: The topics presented in this podcast are for general information only and not for the purposes of providing legal, accounting or investing advice. On such matters, please consult a professional who knows your specific situation.

 

Lane Kawoaka has been investing for over a decade and now controls 2,600+ units.  As owner of CrowdfundAloha.com, SimplePassiveCashflow.com, and ReiAloha.com, Lane is responsible for finding investment opportunities, analysis, and marketing. Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. In addition to an analytical engineering background, Lane has real world experience in working as a project manager for over $230 million dollars of capital construction projects in both the public and private sector. Working as a high paid professional in Corporate America and frustrated by the traditional wealth building dogma, Lane was compelled to inspire and mentor other working professionals via his Top-50 Investing podcast at SimplePassiveCashflow.com.

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_162.mp3

Episode 155: Six Ways to Spend Less and Enjoy Life More

August 21, 2020 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_155.mp3

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In this episode, we ask:

    • Once upon a time, did you cut up a credit card?
    • What about six year term loans on cars?
    • What about consumer debt?
    • Where are we now?
    • Are Americans drowning in debt?
    • What’s the difference between the last recession and now?
    • What’s the bright side of the pandemic?
    • What has happened to consumer debt?
    • What is different now?
    • Are we buying as much?
    • Will we go back to the spending spree?
    • When will the debt chickens come home to roost?
    • What about relationships?
    • What about experiences?
    • Do you remember what gifts you received from the holidays 5 years ago?
    • Who is in debt?
    • What did Mark learn from Katrina?
    • What is the principle of Occam’s razor?
    • How does this principle look in action?
    • Are your subscription services multiplying?
    • Do you eat take out every night?
    • Do you have memberships?
    • Have you recently taken stock of your spending habits?
    • What are the six tips?
    • What is a want?
    • What is a need?
    • Are you sexy? Sophisticated? Cool?
    • How do advertisements affect our behavior?
    • Are you able to take a box breath?
    • What is a box breath?
    • Can you inhale for four counts?
    • Can you hold your breath for four counts?
    • Can you exhale for four counts?
    • Can you hold your breath for four counts?
    • Could you take a box breath before a purchase?
    • What’s the worst thing that can happen if I don’t purchase the thing?
    • Will buying this give lasting pleasure?
    • What about the spending pleasure meter?
      • Will the purchase be a real pleasure or a real waste?
      • How long have I wanted this?
      • Did I want this before I saw something else similar?
      • The last time I purchased a similar item, how long did the enjoyment last?
      • If I finance or charge this item, will I still be paying for it after the pleasure is gone?
      • Can I postpone this purchase for a month without causing harm, discomfort or inconvenience to myself or others?
    • What’s the score card?
    • Would you like to fill out the Spending Pleasure Meter?
    • Would you like to send a screenshot of your results to hello@nyafinancialpodcast.com?
    • How can you curb the impulse?
    • What about wrapping up the credit cards with paper stating your goal?
    • Have you written out your financial goals?
    • What really makes you REALLY happy?
    • Do you want to clean that thing?
    • What do you want to enjoy today?
    • How long does the “happy” last?
    • When is the expiration date?
    • What is perceived obsolescence?
    • Are you a visual learner?
    • Can you see yourself throwing away the item?
    • What is the hedonic treadmill?
    • What about Parkinson’s law?
    • How do we pursue happiness?
    • What is your happiness set point?
    • What about lottery winner happiness?
    • What about paraplegic happiness?
    • What about the baseline?
    • Can our long term average level of happiness change?
    • How might we impact our baseline level of well being?
    • What voluntary, internal circumstances are under our control?
    • Are we consistently and constantly grateful?
    • How does gratitude help us become a more conscious spender?
    • Do we crave material goods?
    • What about loving kindness meditation?
    • Do you notice and accept your emotions?
    • How might you simplify your life?
    • How might you find meaning and pleasure?
    • What about vocations and hobbies?
    • What are you grateful for?
    • How might you cultivate your relationships?
    • What about the mind body connection?
    • What about exercise?
    • What are your spending triggers?
    • What are some strategies?
    • Want a bonus tip?
    • What about Richard Thaler?
    • What if we took the best parts of human behavioral psychology and applied it to spending?
    • What if you moved money from savings to checking (instead of checking to savings)?
    • What did Warren Buffet say?
    • What are the takeaways?
    • Would you like an intro call with Mark?
    • What about a spending journal?
    • Could HR start depositing your check into savings instead of checking?
    • What about the spending pleasure meter?
    • Would you like to leave us a review? Send us a screenshot to hello@nyafinancialpodcast.com and we will send you a FREE book!
    • Would you like to join us for our upcoming webinar on Saturday September 12 at 10AM CT?

  • If you haven’t already, would you like to join our mailing list?

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_155.mp3
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