236. Transitioning from Military to Real Estate with Charlie Hardage

In today's competitive financial markets, staying abreast of changes is crucial.

Join us on Average Joe Finances as our guest Tony Saliba shares how he managed to adapt to different financial scenarios by harnessing his superpower—the 'what ifs.' His early struggles and the gradual development of his risk-averse trading methodology form a compelling narrative of dedication, acumen, and adaptability.

What you’ll learn in this episode:

• Benefits of options trading, aligning with individual investing ideas and risk profiles, elucidating its value for those with limited capital.
• The importance of continuous learning, recommending readings such as "Reminiscences of a Stock Operator" and "Market Wizards".
• The importance of a sounding board for trading, underlining the effectiveness of collaboration and mentorship.
• And so much more!

Key Moments:

00:00:40 Tony's Journey into the World of Finance

00:03:04 Tony's Early Career and Challenges

00:03:59 Transition into Technology and Entrepreneurship

00:04:43 Reflecting on Tony's Career Shifts and Decisions

00:05:00 Tony's Tech Innovations in Trading

00:07:43 The Impact of Tech on Trading and Business

00:19:45 Tony's Superpower and Entrepreneurial Mindset

00:24:52 The Motivation Behind the Hustle

00:26:43 Journey of Building and Handing Over

00:27:01 Future Plans and Legacy

00:28:02 Transition from Stocks to Crypto

00:28:51 Introduction to Bitcoin

00:30:41 Launch of Mercury Digital Assets

00:32:45 The Future of Tokenization

00:33:56 The Impact of Blockchain on Real Estate

00:34:52 Tokenization of Artwork

00:38:01 Future of Digital Assets

Find Tony Saliba on:

Website: https://liquidmercury.com/

LinkedIn: https://www.linkedin.com/in/tonysaliba

Average Joe Finances®

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About Mike: https://mikecavaggioni.com

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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Finance isn't solely about numbers—like any other journey, it aligns with personal values, dreams, and life goals. Exploring this intriguing intersection, let’s take a deep dive into the exciting world of financial planning, focusing on how personal discoveries shape financial decisions.

Join us on Average Joe Finances as our guest Debra Schatzki shares key insights into her financial planning methods which involve understanding the vulnerabilities of clients, their major goals, and dreams

In this episode:

• Illustrate how personal experiences, including challenges and triumphs, can shape one's approach to financial literacy and security.
• Advocate the transmission of financial literacy across generations to ensure lasting wealth and responsible money management.
• How one’s financial principles highlight foundational values for achieving financial stability and growth.
• How "Security Income Planning" underscores the significance of strategies that preserve wealth while aligning with personal values and promoting family well-being.
• And so much more!

Key Moments:

00:00:56 Debra's Personal Journey and Financial Education

00:02:30 The Importance of Financial Literacy

00:03:30 Passing Down Financial Knowledge

00:03:50 Debra's Approach to Financial Planning

00:04:21 The Importance of Core Values in Financial Planning

00:05:26 The Role of Family and Legacy in Financial Planning

00:06:39 Debra's Personal Motivation and 'Why'

00:09:00 The Importance of Professional Guidance in Financial Planning

00:19:04 Debra's Core Financial Principles

00:23:59 The Impact of the Bernie Madoff Scandal on Debra's Clients

00:32:56 The Importance of Setting Goals and Seeking Professional Help

00:38:14 Final Thoughts and Advice for Listeners

Find Debra Schatzki on:

Website: https://www.bppwealth.com/

LinkedIn: https://www.linkedin.com/in/debra-schatzki-ba481312/

Average Joe Finances®

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About Mike: https://mikecavaggioni.com

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*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

The world of real estate investment is vast and varied, teeming with opportunities for investors willing to explore and conquer its intricacies.

Join us on Average Joe Finances as our guest Chris Prenfontaine highlights the importance of mindset, coaching, and mentorship in successful real estate investing.

In this episode:

• Understanding how small investments can grow significantly over time empowered him to start his investing journey early.
• Explore various avenues, including commercial real estate and options trading, recognizing the unique opportunities each offered.
• The importance of starting small and staying consistent in investing. 
• The importance of continuous learning and adaptation in the ever-evolving world of finance.
• And so much more!

Key Moments:

00:00:40 Chris's Journey in Real Estate

00:01:36 Surviving the 2008 Crash and Rebuilding

00:02:09 New Rules and Strategies Post-Crash

00:02:54 The Family Business and Coaching Others

00:03:14 Reflecting on Pre-2008 Strategies

00:04:04 Current Real Estate Strategies and Techniques

00:06:48 Finding and Solving Problems in Real Estate

00:12:56 Building the Team and Business Growth

00:15:53 Advice for New Real Estate Investors

00:17:11 The Importance of Authentic Marketing in Real Estate

00:17:42 Offering Value: Free Resources and Real Estate Education

00:18:15 The Power of Coaching in Real Estate

00:19:15 The Four Pillars of Success in Real Estate

00:20:17 The Impact of Current Economic Environment on Real Estate

00:20:59 Adapting to Market Changes: Seller Financing in Chaotic Times

00:23:13 Investing in Your Own Backyard vs. Diversifying Markets

00:24:32 The Importance of Mindset in Real Estate Investing

00:24:40 Acquiring New Students and Growing the Community

Find Chris Prefontaine on:

Website: http://www.smartrealestatecoach.com

Podcast: https://www.smartrealestatecoach.com/podcast

Facebook: https://www.facebook.com/smartrealestatecoach

Google +: https://plus.google.com/+Smartrealestatecoachchannel

YouTube: https://www.youtube.com/smartrealestatecoach

Instagram: https://www.instagram.com/smartrealestatecoach

LinkedIn: https://www.linkedin.com/in/chrisprefontaine

Twitter: https://twitter.com/smartrecoach

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

In the investment world, versatility is key. To thrive, one must be able to adjust to varying market situations seamlessly, adapting strategies to secure the best possible outcomes.

Join us on Average Joe Finances as our guest Erik Smolinski shares his investment strategies to include commercial real estate and active trading in the stock market, ultimately achieving his goal of becoming a millionaire before 30.

In this episode:

• Understanding how small investments can grow significantly over time empowered him to start his investing journey early.
• Explore various avenues, including commercial real estate and options trading, recognizing the unique opportunities each offered.
• The importance of starting small and staying consistent in investing. 
• The importance of continuous learning and adaptation in the ever-evolving world of finance.
• And so much more!

Key Moments:

03:02 Erik's Journey into Investing
05:38 Erik's Diverse Investment Strategies
06:19 Realization and Shift in Perspective
07:19 Approach to Trading and Investing
16:14 Experience with Commercial Real Estate
17:46 Approach to Stock Market Trading
22:34 The Importance of Trends in Trading
22:56 The Beauty of Ignorance in Trading
23:44 The Role of Artifact Knowledge in Decision Making
23:59 The KISS Method in Trading
24:24 How to Start Investing Like Erik
25:03 The Reality of Trading and the Importance of Paper Trading
26:40 The Role of Discipline and Consistency in Trading
27:02 The Importance of Understanding Risk
27:24 The Disconnect Between Input and Output in Trading
27:47 The Importance of Training and Discipline in Trading
29:55 The Role of Mindset in Trading
32:48 The Importance of Consistency and Discipline in Success
33:49 The Role of Stoicism in Finance
38:40 The Importance of Starting and Staying Consistent

Find Erik Smolinski on:

Website: https://esinvest.com/
Facebook: https://www.facebook.com/esinvests
LinkedIn: https://www.linkedin.com/in/esmolinski
Youtube: https://www.youtube.com/esinvests
Instagram: https://www.instagram.com/esinvests
Twitter: https://www.twitter.com/esinvests

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

As the financial world rapidly evolves, having an innovative and grounded perspective is essential. This is something an entrepreneurship and finance guru emphasizes. Let’s discuss the importance of behavioral finance in highlighting common mistakes investors make and some critical wisdom to help individuals manage their investments effectively.

Join us on Average Joe Finances as our guest Elliot Kallen shares valuable insights about behavioral finance, discussing the importance of being tactical and strategic in investing and trust's role in financial advisor-client relationships. 

In this episode:

• Learn how to efficiently invest to give you the highest probability of achieving your retirement objective with the lowest possible risk.
• Avoid common financial pitfalls like adopting a groupthink approach or investing with emotion.
• Create the right mindset to achieve financial freedom.
• Learn why trust is a big issue with financial planners and what Elliot does to ensure clients feel comfortable and secure.
• And so much more!

Key Moments:

00:01:17 Understanding Behavioral Finance

00:02:27 Investment Strategies and Mistakes

00:08:03 The Role of Trust in Finance

00:09:23 Overcoming Fear in Investment

00:11:44 Investment Opportunities and Risks

00:19:37 The Importance of Strategic Thinking in Investment

00:22:09 Investing in the Stock Market: Current State and Predictions

00:22:25 Understanding the Market: Bullish vs Bearish Perspectives

00:22:43 Investment Opportunities in Times of Economic Malaise

00:23:26 Investing in the Defense Industry: A Tactical Approach

00:24:27 Investing in Technology: The Future of AI and Cybersecurity

26:40 Lessons Learned: Mistakes and Successes in Business and Finance

Find Elliot Kallen on:

Website: https://prosperityfinancialgroup.com/

Facebook: https://www.facebook.com/ProsperityFinancialGroupInc/

LinkedIn: https://www.linkedin.com/company/prosperity-financial-group/ 

Youtube: https://www.youtube.com/channel/UCynH32iE0vZHwczDLmluCNw 

Instagram: https://www.instagram.com/prosperityfinancialgroup/

Podcast: https://podcasts.apple.com/us/podcast/getting-real-elliot-kallen-prosperity-financial-group/id1106735103?i=1000511926838 

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

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*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Investing in multifamily properties is a preferred choice due to its benefits, including increased cash flow and property value appreciation. But what if you look at multifamily investment as not just a real estate venture but a business opportunity? Get ready to explore this mindset!

Join us on Average Joe Finances as our guest Vlad Arakcheyev shares his journey to becoming a real estate agent and his gradual transition into multifamily investments and turning it into a functionally operational business.

In this episode:

• Emphasize the importance of building a robust team when venturing into multifamily investment.
• Continuously learn and stay updated on industry trends and changes to make informed investment decisions.
• Understand that significant results in multifamily investment may take time to materialize.
• Recognize that multifamily property investment requires a nuanced understanding of business operations within the real estate sector.
• And so much more!

Key Moments:

00:01:17 Vlad's Journey into Real Estate

00:01:33 Transitioning from Graphic Design to Real Estate

00:02:20 Exploring Different Real Estate Strategies

00:02:48 Challenges of Balancing a Job and Real Estate

00:03:11 Taking the Leap into Full-Time Real Estate

00:03:16 Experiencing the Ups and Downs of Single-Family Rentals

00:04:05 Discovering the Potential of Multifamily Real Estate

00:04:27 The Importance of Education and Mentorship in Real Estate

00:05:02 Vlad's Current Real Estate Strategy and Focus

00:08:36 The Benefits and Challenges of Multifamily Real Estate

00:08:59 The Importance of Third-Party Property Management

00:09:16 The Business Side of Multifamily Real Estate

00:10:40 The Power of Partnerships in Real Estate

00:16:06 Finding Deals in Real Estate

00:21:12 The Role of Technology in Real Estate

00:25:51 Navigating Market Changes in Real Estate

00:27:23 Shifting Investment Focus from C to B Class Properties

00:27:50 Understanding the Risks of Older Buildings

00:28:12 The Advantages of Investing in BA Class Buildings

00:28:41 The Impact of High Mortgage Rates on the Rental Market

00:29:18 The Real Estate Market in New Jersey: A Case Study

00:30:23 The Consequences of Waiting for Lower Rates

00:31:05 The Importance of Planning and Strategy in Real Estate Investment

00:31:57 The Benefits of Investing in BA Class Buildings

00:35:45 Adapting to Market Changes: Shifting Investment Locations

00:39:35 The Importance of Teamwork in Real Estate Investment

00:45:11 The Role of Education and Mentorship in Real Estate Investment

00:49:17 The Power of Mindset and Focus in Real Estate Investment

Find  Vlad Arakcheyev on:

Website: https://zontikventures.com/

LinkedIn: https://www.linkedin.com/in/vladarakcheyev/

Facebook: https://www.facebook.com/Vlad.Arakcheyev1/

Instagram: https://www.instagram.com/vlad_arakcheyev/

Tiktok: https://www.tiktok.com/@best_apartment_advice

Email: Vlad@ZontikVentures.com

Calendly: https://calendly.com/vlad-arakcheyev/30min 

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Are you a real estate investor looking to elevate your game while ensuring your assets are fully protected? Do you need advice on developing a robust wealth-building strategy? If yes, you'd benefit from insights from this week’s guest.

Join us on Average Joe Finances as our guest Scott Royal Smith shares his knowledge and expertise on asset protection, financial freedom, and lifestyle strategies, particularly for real estate investors

In this episode:

• Recognize the pivotal role of asset protection in maintaining financial security.
• Emphasize the significance of implementing asset protection measures at the right time.
• Understand how private foundations, similar to super IRAs, can protect income and provide a tax-free growth strategy.
• Recognize the need for experts in asset protection, estate planning, tax strategy, insurance, and investment within your team.
• And so much more!

Key Moments:

00:36 Getting to Know Scott Royal Smith

00:43 Scott's Journey to Financial Freedom

01:54 The Importance of Asset Protection

02:11 The Birth of Royal Legal Solutions

02:35 The Shift to Asset Protection

03:02 The Wake-Up Call and Expansion

03:31 The Importance of Strategic Tax Planning

03:39 The Concept of Financial Freedom

04:03 The Desire to Teach and Give Back

04:22 The Reality of Financial Freedom

05:09 The Dangers of Not Protecting Your Assets

05:46 The Importance of Asset Protection for Real Estate Investors

06:24 The Right Time to Consider Asset Protection

06:56 The Benefits of Series LLCs

08:39 The Power of Anonymity and Compartmentalization

12:52 The Role of Money in Life

14:14 The Use of Retirement Accounts in Real Estate Investing

15:47 The Advantages of Private Foundations

18:17 The Importance of Strategic Tax Planning and Structuring

19:47 The Importance of Having the Right Team

20:26 The Role of Professionals in Your Business

20:53 Understanding Different Types of Professionals You Need

21:14 Balancing Investments and Taxes

21:29 The Role of Insurance in Your Business

21:59 Building a Wealth Building Company

22:24 The Services Offered by Royal Legal Solutions

23:57 The Importance of Education in Business

24:16 The Process of Building a Wealth-Building Company

25:23 The Importance of Hiring Professionals

Find Scott Royal Smith on:

Website:  https://royallegalsolutions.com 

LinkedIn: https://www.linkedin.com/in/scottroyalsmith

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

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*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Options trading is often viewed as complex or risky for the average investor. However, with the right guidance, trading options can be a powerful tool for financial growth

Join us on Average Joe Finances as our guest Dan Passarelli shares the importance of understanding and mitigating risks in trading and offers some wisdom on how to use options trading as a tool to improve one's financial situation

In this episode:

• Recognize options trading as a form of derivative trading applicable in various market conditions.
• Grasp the benefit of options trading in controlling risk, distinguishing it from pure stock trading.
• Explore the potential of using options trading as a pathway to financial freedom.
• Understand how premiums collected from options can be reinvested to fuel further growth, contributing to financial success.
• And so much more!

Key Moments:

00:26 Getting to Know Dan Passarelli

02:13 Understanding Options Trading

02:38 Explaining Options Trading to Beginners

04:04 How to Get Started with Options Trading

04:16 Types of Options Strategies

04:37 The Concept of Covered Calls

07:04 How Options Trading Can Lead to Financial Freedom

12:41 The Importance of Education in Options Trading

17:23 The Role of Technology in Options Trading

18:51 Understanding the Risks in Options Trading

19:45 Dan's Personal Trading Strategy

20:14 Introduction to Options Trading

20:18 Using Options for Buy and Hold Strategy

21:08 Case Study: Trading Apple Stocks

21:44 Understanding Call and Put Options

24:00 Reinvesting Premiums from Options Trading

25:09 The Risks and Rewards of Day Trading

26:16 The Importance of Education in Trading

Find Dan Passarelli on:

Website: https://markettaker.com/

Facebook: https://www.facebook.com/markettaker

Twitter: https://twitter.com/Dan_Passarelli

Youtube: https://www.youtube.com/user/MarketTakerMentoring

Blog: https://markettaker.com/blog/ 

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Are you interested in Multifamily Real Estate? Let’s dive deep into the nitty-gritty of it! From regulatory challenges in LA to tenant-buyout strategies - this episode will be brimming with insider knowledge!

Join us on Average Joe Finances as our guest Taylor Avakian shares his experiences navigating the escalating changes in the market, demystifies some common myths about the California real estate market, and offers invaluable advice for investors.  

In this episode:

• Recognize the opportunities in LA's multifamily market, driven by renter demand, despite the state's strict regulations and high housing costs.
• Learn about the importance of becoming a "value add investor" and building relationships to navigate and thrive within the regulated market.
• View these challenges as opportunities for investors who comprehend the "art and science" of LA's investment market.
• Embrace optimism and creativity in the face of tightening regulations and shifting market trends in LA.
• And so much more!

Key Moments:

00:01:03 Taylor's Journey into Real Estate

00:02:39 Understanding the Multifamily Market in California

00:04:22 Overcoming Challenges in LA's Market

00:08:20 The Impact of COVID-19 on LA's Real Estate Market

00:15:15 Predicting Future Opportunities in LA's Market

00:18:42 Finding Hidden Gems in the Real Estate Market

00:21:13 Taylor's Superpower as a Real Estate Broker

00:24:49 The Unexpected Rise in Property Values

00:25:05 The Importance of Making Educated Projections

00:25:34 The Power of Building Relationships in Real Estate

00:26:17 Overcoming the Challenge of High Interest Rates

00:27:13 Strategies for Landlords in LA for Future Growth

00:27:56 The Art of Controlling the Controllables

00:29:30 The Stoic Approach to Life and Business

00:32:06 The Power of Knowledge and Skills

00:33:23 The Importance of Self-Awareness in Business

00:35:27 The Power of Organization in Business

00:44:14 The Value of Consistency and Discipline

Find Taylor Avakian on:

Website: https://www.matthews.com/

LinkedIn: https://www.linkedin.com/in/tayloravakian/

Instagram: https://www.instagram.com/taylor_avakian/?hl=en

Twitter: https://twitter.com/tayvay_?lang=en

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Navigating the business world, especially the real estate market, can be quite an obstacle course. But could it prove that success often comes from passion, ambition, and making calculated risks?

Join us on Average Joe Finances as our guest Adit Shah shares his journey on how he began by working for free as a property developer and learn the ropes of the industry.

In this episode:

• The significance of networking and relationship-building in the real estate business, which can play a fundamental role in future operations.
• How an unconventional approach to entering the real estate industry demonstrates that success often comes from taking unique and unexpected paths. 
• The need for careful consideration of market conditions and the importance of resilience when facing unexpected challenges in the real estate industry.
• How joining a mastermind or a community of like-minded individuals is recommended for guidance and opportunities, showcasing the significance of continuous learning and mentorship in the real estate journey.
• And so much more!

Key Moments:

00:01:08 - Transition from Military to Civilian Life

00:01:43 - Entry into Real Estate and Initial Experiences

00:02:02 - Journey to Becoming a Real Estate Developer

00:02:19 - Strategy to Learn and Break into the Industry

00:03:07 - First Development Projects and Expansion

00:03:22 - Founding of Tempest 22 and Housebender

00:03:54 - Experience Working for Free and Learning the Trade

00:06:29 - Adit's Transition to Leading His Own Business

00:15:33 - Adit's Move to Colombia and Managing Business Remotely

00:16:44 - Approach to Building a Solid Team

00:22:08 - Strategy for Keeping Expenses Low and Utilizing Military Benefits

00:23:53 - Starting Tempest 22 and Real Estate Development

00:23:59 - Criteria for Selecting Development Lots

00:24:42 - Building a Portfolio and Scaling Up

00:25:30 - Creating Housing for Specific Demographics

00:26:43 - The Art of Real Estate Development

00:27:33 - Identifying Ideal Parcels for Development

00:28:40 - The Strategy for Acquiring Properties

00:29:13 - Challenges of Managing Development from Abroad

00:31:54 - The Motivation Behind Real Estate Development

Find Adit Shah on:

Websites: www.housebender.com and www. tempest22.com

 Instagram: https://www.instagram.com/housebender/

LinkedIn: https://www.linkedin.com/in/adit-shah-197623167/

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes