Get Rich Education

#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

#9: Discover how to create another income stream with a durable asset like real estate in Memphis, Tennessee, and not have to do the work on your own. Listen to this week’s show and learn: 00:38  Most people only have one income stream in their life. Learn why to establish more than one. 01:57  Keith explains “turnkey real estate investing”. 03:37  Interview with Terry Kerr of Memphis, TN’s Mid South Home Buyers begins.  05:30  Memphis, Tennessee’s economic and demographic makeup is what makes it a strong income real estate market. This is largely due to the fact that Memphis is the United States’ distribution hub. 08:16  The character of Memphis properties, and their rent-to-value ratios. 12:39  Availability of financing for Memphis turnkey properties. 13:50  Terry describes how there are efficiencies in having one company both provide and manage the property for investors. 16:04  The available inventory level of Memphis investment properties. 18:33  Tennessee’s Landlord-Tenant Law and how that is advantageo

#8: Discover how to create another income stream with a durable asset like real estate, and not have to do the work on your own. Listen to this week’s show and learn: 01:37  How to put less than a 20% down payment on your primary residence, yet still pay zero direct PMI premium. 07:36  How Keith can make you a more successful investor than him, faster than him. 08:46  In real estate investing, the market is more important than the property. 11:22  Why to consider real estate investing outside of your home area – and how to find a trusted team to do all the work for you. 11:43  The real estate Rent-To-Value Ratio (RV Ratio) and its importance. 14:18  How to begin researching and identifying profitable real estate markets, and avoid riskier ones. 18:53  Income property investing is based on facts, not feelings. 21:05  Memphis, TN - Its geographic significance to real estate investors. 25:06  Philadelphia, PA – Keith’s recent on-the-street observations in this turnkey real estate market. 31:52  Philippines – Kei

#7: Get Rich Education’s inaugural interview is with world-renowned economist, author, consultant, and speaker Richard Duncan. He informs us that economic growth is no longer driven by production expansion, but rather by credit expansion. Richard looks into his crystal ball. He tells us what to expect for 2015 and 2016 with respect to the stock market and the economy. Richard has kindly provided Get Rich Education listeners with a 50% discount to his Macro Watch video newsletter. Use the Coupon Code “gre”. Learn more about Richard Duncan and subscribing to his video newsletter, Macro Watch,at: www.richardduncaneconomics.com 00:50  Keith will tell us how to avoid directly paying Private Mortgage Insurance on your home in the next episode. 03:52 Richard Duncan interview begins. 06:31  Today’s economy works completely different than what is in our textbooks. 07:34  Economic growth is no longer driven by investment and savings, but rather credit creation and consumption. 09:56  Since 1952, 2%+inflation-adjusted c

#6: Would you rather be debt-free or financially-free? Did you know that for most people with home mortgages, their approach to home equity management actually prevents them from being financially free? In this no-holds barred episode, which includes material that has shocked some of Keith’s students, your paradigm with what you thought was true about money management can shift dramatically.  Homes are for housing people. Not storing cash.  Opportunity cost is opportunity lost.  Learn about one of the greatest under-utilizations of using OTHER PEOPLE’S MONEY in order to achieve the freedom that you and your loved ones seek. 

#5: You cannot get what you want until you know what you want. One way to know what’s important to you, is how you feel when that “something” is taken away.  In real estate investing, the property is not nearly the most important thing.  This episode is a valuable tool in determining what really matters in life to you and your loved ones.  Real estate isn’t ultimately what you want. It is merely a resource and a means to get more of what you want. Find meaning and laugh along with some funny plays on words!  Learn that you should always be a student.  

#4: We answer your listener questions, including: “How do I begin real estate investing with little or no money?” “What are your tips for starting a business?” “How do I increase income on an existing rental property?” Next, is the classic showdown. Which is the better asset class – Stocks or Real Estate? We list fifteen key criteria, comparing stocks and real estate, and see which asset class wins more of the fifteen rounds in this heavyweight face-off! Especially insightful is Keith’s description of how using a loan in real estate investing hedges one against inflation over the long-term.  Real estate’s stability as an asset class is featured as one distinct advantage. It includes a fascinating explanation as to why stability provides you with better returns than volatility.

#3: You are delivered some of the best moments and most actionable content from the 40th New Orleans Investment Conference, billed as “The Investment Event Of The Decade”.  The conference featured luminaries on the speaker marquis including Former Fed Chairman Alan Greenspan, prominent columnist Charles Krauthammer, one of the world’s greatest living economists in Mark Skousen, incomparable economist and author Peter Schiff, and financial research guru Porter Stansberry.  You are provided information and ideas on specific investments that Keith learned about directly.  In the show’s second segment, you learn how real estate investing is only one part of real ASSET investing. Real estate investing is about more than apartment buildings. Real asset investing is aboutmore than real estate.  You learn about why gold and other precious metals have value.  Your compelling “why” is answered with regard to the advantages of investing in something real vs. investing in a mere derivative of something real. 

#2: They say, "Work smarter, not harder." But are you thinking about this popular saying in the right way? Are you applying it to enough facets of your life - the ones that matter? Though it is not intuitive, learn more about how debt can be good. Yes, debt can be good! It can help you work smarter, not harder, and eventually not have to work at all. I shamelessly share some of my funny mistakes with you that I made as a beginner - as a largely uneducated real estate investor. Learn why "Doing the right thing" is more important than "Doing things right" as you continue to develop your fixed mindset and transform it into a growth mindset. Wire your mind for wealth! When you're doing the right thing, you make money follow you. Most people spend their lives chasing money. That's not working smarter, it's only working harder. Don't chase dollars. When you learn how to make them follow you, you have become a master of money.

#1: The wealthy think differently than you do. In this episode, you learn about how those who spend more of their time & effort making lifestyle sacrifices to the downside, leave neither resources nor opportunity to learn about how to expand their thoughts and lifestyles to the upside. You begin to learn what the wealthy never told you about investing! Well...why won't they tell you? It's not that they won't. It is that you aren't even associating with the wealthy. That's why you haven't been told. You learn that you are the average of the five people that you spend the most time with. Your income is also the average of the five people that you spend the most time with. Listen how, in just about thirty minutes of episode time, you can begin to dramatically alter your thought patterns. Only when you lay out the welcome mat for wealth...can wealth can being appearing at your door. It starts in the mind. You need to think differently.