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I'm sick of hearing that. "Build a nest egg that you can live on for the rest of your life" Yes you do need to put some money together for your first, second and third cash flowing asset. But no one talks about learning how to make more friggin money! And surely never talk about partnering with other people to buy investments as a team. Let me know what you think!
Challenge Part 1
If you were offered $5 million today and had to pick an asset class to invest in, what would your choice be? Even if you have never invested before , what would you choose? Examples: Land, Apartment buildings, Commercial property, Tech Stock, Notes, Precious metals, Crypto, Trailer parks etc. No wrong answers. If you don't pick today, you lose the opportunity! You don't need to invest today you just need to chose. Let's Hear It!
🧨 What problem do you want the NEXT classroom to solve for you?
Every good course should solve a specific problem. Instead of me guessing, I want you to tell me: What’s the #1 problem you want solved next inside Retirement Cash Flow? Thanks for taking the time to answer!
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Investing in Gold Part 1
As with most things in life there are things you need to be aware of and things to beware of. Let's get down to basic gold ownership. Gold is sold in many shapes and sizes. Each size carries a premium over spot price the dealer will charge. Cost of production packaging, handling etc. It basically takes the same amount of cost to produce a 1/10 ounce piece as it does a 10 ounce bar. A 10 ounce bar has 100 1/10 ounce pieces to prove my point. Typically, affordability comes into play and this is the crux of the story! Gold spot price today is at $4,000 an ounce. Most investors can afford a one ounce piece and might pay $75 over spot to purchase. That's the cost of doing business. To purchase a 1/10th ounce piece you may pay the same over spot fee of $75. If you purchased 10 1/10th ounce pieces your over spot fee jumps to $750! This my friends is where they get you. If you walked into a dealers store with your retirement nest egg of $300k and you let the dealer divide up your gold stash, what do you think they will give you?
Deals on the wall
Over my desk I have a whiteboard that I use to try to keep up with Deals I have in the works. So let me define what I think is a deal. 1. Any loans that I have recurring income flowing into my Accounts. These could be normal business accounts, retirement accounts. 2. Short term loans that do not cash flow but payoff one time. I list amount out amount in and date expected to payoff. Example $25,000 > $27,500 30 days 3. Properties I have listed for sale 4. Properties I am looking to possibly buy. I am only looking at properties that the seller is willing to hold the note. 5. Outstanding passive investments as hard money loans to house flippers You can not count stocks, bonds, mutual funds, bitcoin, XRP, gold, silver, because you can not control the income of those assets. They go up and down with or without you. They do not deserve to take up space on your whiteboard. I want you to have at least 5 deals up on that whiteboard At all times! What's on your Whiteboard? Need a whiteboard? Let's Go!
Deals on the wall
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Retirement CASH FLOW
skool.com/retirement-cash-flow-
Retire wealthy with multiple streams of income! Build these streams one by one. Get one going then work on the next. NO: stocks bonds mutual funds!
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