#69 Interview on the SuperFastBusiness Podcast with James Schramko - Part One

In this episode, I interview a seasoned business and website investor, Matt Raad, to share how you can generate semi-passive income streams that work for you even while you sleep.

Matt talks about buying and selling websites as a unique approach to wealth, the secrets to valuing businesses and conducting diligence like a pro, and the crucial mindset shift required so you can break through income ceilings.

Enjoy the episode!

TIME STAMPS:

00:00 Intro
01:25 Understanding Matt's Background
04:58 Investment Insights with Matt
07:51 Matt's Reflections on Money and Upbringing
14:23 Matt's Nighttime Reflections
17:49 Matt's Wisdom on the Traits of Successful Investors
22:19 Deciphering Passive Income
25:24 Matt and Liz's Wealth Goals
32:49 Final Thoughts
34:28 Outro

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SHOW NOTES LINKS

https://www.mattandlizraad.com/
https://www.linkedin.com/in/matt-raad/
https://www.linkedin.com/in/liz-raad-56627419
https://www.facebook.com/MattandLizRaad
https://www.youtube.com/@digitalinvestorshow 

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LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

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CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we talk about the exact steps and strategies you can take to transition from active to passive investing so you can speed up your timeline to achieve financial freedom.

We also discuss how top investors leverage other people's skills to make money work for them, when to start incorporating passive income strategies into your portfolio, and why dealing with "tenants and toilets" shouldn't be part of your wealth creation plan long-term.

Enjoy the episode!

TIME STAMPS:

00:00 - Intro

02:05 - What Investors Should be Aware of as Their Net Worth Grows

03:18 - Difference Between Active and Passive Investing

04:27 - What is a Passive Income Investing Strategy?

07:08 - True Wealth Building is About Creating a Passive Investment

08:32 - Conclusion

09:06 - Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/ 

https://www.instagram.com/kulkarnisalena/ 

https://www.facebook.com/iamSalenaKulkarni 

https://www.tiktok.com/@kulkarnisalena 

https://www.linkedin.com/in/salenakulkarni/ 

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LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh

Apple Music: https://apple.co/3tTxV5j

Google Podcast: https://bit.ly/45Q39HM

YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

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

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

TikTok: https://www.tiktok.com/@kulkarnisalena 

YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we talk about why traditional retirement planning is an absolute "sack of sh*t" and what you can do to achieve financial freedom faster than most people. 

We also discuss why many advisors may not have your best interests at heart, how to optimise your current investments for maximum income, and why NOW is the best time in history to adopt a new mindset towards retirement and wealth building.

Enjoy the episode!

TIME STAMPS:

00:00- Intro 
01:35 - People Are Too Polite About Wealth-Building 
03:37 - The Train to Financial Freedom is a Slow One 
04:14 - There’s No Way to Get Rich Fast 
04:59 - You Need to Think Like the Banks & Retirement Funds
08:03 - Inkosi Wealth Client Case Study
11:28 - Get Access to Your Freedom Formula
11:54 - Create a Higher Level of Stewardship 
12:14 - Figuring Out How Much Capital You Need 
12:26 - Challenge Your Board of Advisors 
12:53 - Final Thoughts 
13:43 - Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we answer the controversial question of whether Australia's booming real estate market shares unfortunate similarities with a Ponzi scheme.

We also discuss the challenges of affordability and supply in Australian real estate, the pitfalls of negative gearing in property investments, and alternative strategies that could offer better cash flow opportunities.

Enjoy the episode!

TIME STAMPS:

00:00 - Intro
00:37 - Australia's Real Estate Market as a Ponzi Scheme
02:19 - Australian Real Estate Market's Negative Cash Flow
03:37 - Poor Returns from Real Estate Investments
05:22 - Maximising Cash Flow in Real Estate
06:08 - Final Thoughts & Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we expose why most accountants, financial planners, and other finance professionals may NOT be experts at building personal wealth. 

We also talk about what skills you need to grow your money wisely, the key questions you must ask about any advisor you work with, and the importance of understanding the limitations of finance experts in the wealth industry. 

Enjoy the episode!

TIME STAMPS:

00:00 - Intro
01:13 - Creating a Matrix to Identify Areas of Expertise in Wealth Industry
03:11 - Accountants' Financial Literacy and Wealth-Building Abilities
06:09 - Financial Planner's Money Management Expertise
08:41 - Final Thoughts
10:00 - Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST 

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we expose why the traditional wealth-building model is seriously flawed and then explore an alternative pathway to true financial freedom that generates strong, predictable cash flow. 

We also discuss the simple formula for funding a $100k lifestyle without needing $10 million in net worth, the myths surrounding asset growth, and why you need grit and determination to break free from the herd mentality. 

Enjoy the episode!

TIME STAMPS:

00:00 - Intro
02:56 - How to Manage Capital
04:36 - Alternative Investments for Steady Income
06:29 - Strategies for Financial Independence
08:34 - Creative Wealth-building Beyond Your Career
09:59 - Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior

In this episode, I interview Kieran Johnson, state manager of Opportunity International, to explore the transformative power of small loans and their impact on poverty reduction in India and Indonesia.

Kieran talks about the philosophy of 'infinite banking', the innovative ways business owners integrate philanthropy into their organisations, and Opportunity International's unique model of empowering families and communities.

Enjoy the episode!

TIME STAMPS:

00:00 - Intro

03:14 - Who is Kieran Johnson

05:35 - What is 'Opportunity'

08:28 - Infinite Banking in Motion

10:27 - Prime Motivation of Business Owners

12:28 - Strategic Charitable Contributions from Business Leaders

17:18 - Leaving Wealth to Children vs Making an Impact

21:59 - A Transformative Trekking Experience

26:15 - Teaching Children Gratitude Across Different Ages

28:37 - Outro

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SHOW NOTES LINKS

kjohnson@opportunity.org.au 

https://opportunity.org.au/ 

https://www.inkosiwealth.com/ 

https://www.instagram.com/kulkarnisalena/ 

https://www.facebook.com/iamSalenaKulkarni 

https://www.tiktok.com/@kulkarnisalena 

https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh

Apple Music: https://apple.co/3tTxV5j

Google Podcast: https://bit.ly/45Q39HM

YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

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

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

TikTok: https://www.tiktok.com/@kulkarnisalena 

YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we talk about how you can leverage Seneca's wisdom of anti-fragility to turn potential crises into fruitful investments and market chaos into your stepping stone to success. 

We also talk about how to mentally prepare for potential losses, resist emotional attachment to assets, and get your personal finances in order - so you can act quickly when the right opportunities arise.

Enjoy the episode!

TIME STAMPS:

00:00 - Intro
02:57 - What is Antifragility and How to Avoid it
04:18 - Financial Uncertainty in Volatile Markets
05:17 - Investing Challenges
08:41 - Final Thoughts and Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we talk about reframing your relationship with financial loss so that it doesn't negatively impact your confidence or future investing success. 

We also discuss the importance of mastering the art of comeback, the psychological impact of loss aversion, and why avoiding financial loss at all costs can be a misleading strategy. 

Enjoy the episode!

TIME STAMPS:

00:00 - Intro

03:22 - How People React to Loss and Impact on Decision-Making

04:41 - Warren Buffet’s Investment Mistakes

06:31 - How to Cope With Investment Losses

11:06 - Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://www.youtube.com/@FreedomWarrior 

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior 

In this episode, we talk about the essential financial metrics you should review at the beginning of every financial year to set yourself up for wealth-building and financial success.

We also discuss the formula for calculating your "lifestyle burn rate", how to use your age and income to benchmark where your net worth should be, and why obsessing over your bank account balance or net worth alone can be misleading.

Enjoy the episode!

TIME STAMPS:

00:00 - Intro
03:15 - Financial Metrics for Wealth-Building
06:44 - Managing Lifestyle Burn Rate
11:51 - Measuring Wealth Using Formulas and KPIs
14:33 - Final Thoughts and Outro

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SHOW NOTES LINKS

https://www.inkosiwealth.com/
https://www.instagram.com/kulkarnisalena/
https://www.facebook.com/iamSalenaKulkarni
https://www.tiktok.com/@kulkarnisalena
https://www.linkedin.com/in/salenakulkarni/ 

-----

LISTEN TO THE PODCAST

Spotify: https://spoti.fi/45LJ2uh
Apple Music: https://apple.co/3tTxV5j
Google Podcast: https://bit.ly/45Q39HM
YouTube: https://youtu.be/byOVq3GFafM

-----

CONNECT WITH ME HERE

Facebook: https://www.facebook.com/iamSalenaKulkarni
Instagram: https://www.instagram.com/kulkarnisalena/
TikTok: https://www.tiktok.com/@kulkarnisalena
YouTube: https://www.youtube.com/@FreedomWarrior