EP62: How AI Is Revolutionizing Businesses - Vanessa Alfaro

In this episode, you will learn about

• Concept of controlled economic demolition through layoffs, primarily impacting white-collar workers.
• How severance is affecting labor and housing market perceptions.
• Importance of maintaining cash holdings and monitoring investor reactions.
• The importance of debt, deficits, and the dollar as a reserve currency.

About Danielle

Danielle DiMartino Booth is CEO & Chief Strategist for QI Research, a research and analytics firm. Prior to QI, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017).

Connect with Danielle

• Website: https://dimartinobooth.substack.com/
• Twitter/X: @DiMartinoBooth

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

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In this episode, you will learn about

• Progression from single-family units to expansive asset classes
• Emphasis on finding good deals and starting at an opportune market time
• Acquisition strategy focusing on commercial properties in tough market conditions
• Significance of rising interest rates for buyers
• Importance of motivation and commitment to change

About Alex

Alex Coffman, with his partner Matthew Teifke, are the dynamic duo behind TRE, an innovative and enTREpreneurial brokerage that took root in 2020. Fueled by their passion for real estate, Matt and Alex have embarked on a remarkable journey, becoming formidable players in the Central Texas area.

Pooling their expertise and vision, Matt and Alex have amassed an impressive portfolio, with over 100 units encompassing an eclectic mix of single-family properties, small multifamily dwellings, mobile home parks, and various other asset types. Their dedication to creating lasting financial freedom through real estate has been the driving force behind their success.

In addition to their brokerage, these visionary entrepreneurs established The enTREpreneur™ Community, an exclusive community for real estate enthusiasts and enTREpreneurs seeking to secure their financial future. This elite group shares a common mission: to unlock the boundless potential of real estate and pave the way to true independence.

With a focus on empowerment, Matt and Alex aspire to spread the liberating essence of being a real enTREpreneur™. Their commitment to the community is evident through the wealth of valuable content they curate across various social media platforms. They tirelessly disseminate knowledge, making real estate opportunities accessible to anyone with the desire to learn and grow.

Moreover, the duo's dedication to fostering a supportive network is evident in their monthly meet-ups and quarterly events, where like-minded enTREpreneurs converge to learn, collaborate, and forge lasting connections. To further amplify their reach, Matt and Alex have also launched an online academy and authored educational ebooks, providing individuals with the tools they need to navigate the real estate landscape confidently.

In the world of real estate, Matt Teifke and Alex Coffman stand out as trailblazers, diligently championing financial freedom and empowering others to embrace the enTREpreneurial spirit. With unwavering commitment and a profound sense of purpose, they continue to revolutionize the industry, transforming aspiring real estate enthusiasts into flourishing enTREpreneurs.

Connect with Alex

• Website: https://www.trecommunity.com/
• Social Media: @teifkerealestate @therealalexcoffman

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To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

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• LinkedIn: Saket Jain
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In this episode, you will learn about

• Considering time, health, and relationships in the concept of wealth
• Admitting and learning from mistakes in personal development
• Visualizing desires and values in financial planning
• Understanding and finding commonality with others before judgment
• Realistic goal setting and adjusting plans according to life changes

About LeLand

Leland is a business owner and entrepreneur with over 7+ years of experience as a financial planner. He is the founder of PeaceLink Financial Planning where he works with REALTORS® and self-employed millennials to help them get the life they want from their business. He was voted Top 40 Under 40 in 2023 by Inside Business. He is also the host of the Self-Employment Success Podcast

Connect with LeLand

• Website:  https://www.peacelinkfp.com/
• Instagram, Twitter: Facebook: peacelinkfp

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

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• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn about

• Investment Horizon and Real Estate Market Predictions.
• Necessity to hold properties during negative cash flow periods.
• Importance of structuring real estate deals and managing debt.
• Real estate's tangible asset value compared to other investment categories.
• Why focussing on cash flow trumps appreciation.

About Matt 

Matt Picheny is a real estate investor, coach, Tony award winner, and author of the #1 best-selling book, Backstage Guide to Real Estate. He is focused on developing passive income streams that enable investors to write their own story and choose how they want to spend their time.

Matt has over 15 years of experience revitalizing and elevating communities through real estate investment and has invested in over 10,000 apartments nationwide. He is a licensed real estate agent and has earned both Commercial Real Estate & Real Estate Finance certificates from Boston University. Matt has been a member of the Forbes Real Estate Council, the Fast Company Executive Board, and is an advisor to a PropTech company.

Connect with Matt

• Website:   https://picheny.com/

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

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• LinkedIn: Saket Jain
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• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn about

• The concept of investor DNA and its significance
• How personality traits and risk tolerances dictate the most appropriate wealth path
• The differences between saver investors, entrepreneurs, virtuosos, and big company climbers.
• The vital role of finding the right industry mentor

About Tom

Tom Corley is CPA, CFP, holds a Master’s Degree in Taxation and is a bestselling/award-winning author. His books include: Rich Habits, Rich Kids, Change Your Habits Change Your Life, Rich Habits Poor Habits and Effort-Less Wealth - Smart Money Habits at Every Stage of Your Life and Rich Habits Wealth Academy. Tom has appeared on or in CBS Evening News, The Dave Ramsey Radio Show, CNN, MSN Money, USA Today, The Huffington Post, SUCCESS Magazine, Money Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.

Connect with Tom

• Website:   https://richhabits.net/

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn about

• Importance of open-mindedness and empathy
• Overcoming insecurities and leading diverse teams effectively
• Capitalizing on strengths
• Recognizing the discomfort associated with self-reflection but also its necessity for development
• Identifying servant, intentional, and collaborative traits as key tenets for effective leadership

About Dr. Derrick

Derrick Love is an accomplished educator and leadership consultant, boasting more than two decades of experience in public education. He has held several roles in the sector, including classroom teaching and administrative positions. Dr. Love is highly respected for his innovative approach to educational leadership, which is supported by his Ed.D. in Educational Leadership. His areas of specialization include leadership development, executive coaching, and the implementation of diverse educational practices. Dr. Love is a well-known author who has made significant contributions to the field of education. He is the author of the highly regarded book "Self-Awareness in Leadership: Why the Best Leaders First Examine and Lead Themselves," which provides valuable insights into effective leadership. In addition to his book, Dr. Love has written numerous peer-reviewed journal articles and magazine pieces that showcase his expertise and thought leadership in the field of education and organizations. In summary, Dr. Love's extensive literary contributions demonstrate his authority in education and make him a valuable asset to the industry.

Dr. Love is widely renowned for his outstanding work in various fields, including leadership, student retention, executive coaching, organizational development, and equity. His contributions have made him a valuable asset to educational institutions, organizations, and corporations seeking transformative growth. He is deeply committed to educational equity and accessibility, which is evident from his community service efforts. Dr. Love's workshops and keynote speeches are engaging, inspiring educators and leaders to strive for excellence and make significant and lasting changes in their communities and organizations.

Connect with Dr. Derrick

• Website:   https://newhorizoninstitute.org/

References:

• Book: https://www.amazon.com/Self-Awareness-Leadership-Leaders-Examine-Themselves/dp/1954943962

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth

In this episode, you will learn about

• Philosophy on patience, hard work, and trusting the timing of life events
• The value of self-acceptance, self-love, and the broad definition of wealth
• Power in acknowledging bad business decisions, such as overspending and hiring missteps
• Importance of understanding numbers and data in business
• Mindset to emerge from losing it all, and starting back from scratch
• Balance between being a "planter" and a "bouncer" in business and relationships

About Toni

Toni Marinucci is a Registered Dietitian and business owner of Tips With Toni, who ironically teaches people how not to diet. Her team of RDs provide online nutrition coaching to help women break free from the all-or-nothing mindset and encourage balance instead. Toni’s mission is to end restrictive diet culture by providing simple tips to healthy living while incorporating foods you love! She recently gave a TEDx talk and wrote a book titled, Once Upon A Diet, where she discusses the parallels between dieting, dating, and romantic relationships, and how we treat them the same.

Connect with Toni 

• Website:   

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn 

• Significance of setting goals and blocking out negativity
• Potential advantages of Amazon for individuals with special needs
• The concept of wealth migration and the power of multiple income streams
• Strategies to find niche products and create opportunities on saturated markets

About Lesley

Lesley Hensell is co-founder of Riverbend Consulting, whose 85+ employees solve problems for e-commerce sellers. Lesley oversees Riverbend’s service team, and she has personally helped hundreds of sellers get suspended Amazon accounts and ASINs up and running. She has been an Amazon seller for more than a decade.A lifelong Longhorns fan, Lesley earned a bachelor’s degree in journalism and an MBA from the University of Texas at Austin. She volunteers for A Wish with Wings, a wish-granting organization for little Texans with life-threatening conditions, and she serves on the Board of Directors for Hallie’s Heroes, which funds bone marrow matches and medical research for kids with cancer and critical illnesses.

Connect with Lesley

• Website:  https://riverbendconsulting.com/  
• LinkedIn, Facebook, Instagram: @lesleyhensell 

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn 

• The rise of AI, its potential to disrupt white-collar jobs, and how it parallels past industrial revolutions in scale and scope.
• The need for context and proper governance in feeding information to AI.
• Authentic living and maintaining genuine personal connections remain at the heart of personal fulfillment and successful investment strategies.

About Michelle

Michelle is founder of FIRE Capital - a real estate investment group that balances Purpose, People and Profits to achieve greater returns across all segments. As both an Operator and Syndicator, Michelle acquires existing Class B/C multi-family properties to renovate and create greater value. Leveraging a unique "People First" approach, her group’s focus is to offer safe, clean and affordable housing for working families while providing strong financial returns to our partners.

FIRE Capital holds partnership interest in over 800 units across eight states throughout the South, Midwest and West coast. Michelle has over a dozen years of experience providing debt & equity solutions to commercial real estate investors. These holdings also include student housing, residential & mixed-use properties. To learn more, please go to www.investingwithfire.com

She holds an MBA at Dartmouth, Tuck School of Business; an MA in International Economics at Johns Hopkins; a BA in Political Economics at UC Berkeley.

In her free time, Michelle is a single parent to her two amazing daughters; swims with US Masters; and invents new recipes.

She is a board committee member of the University of California and Toilet Hackers. She is currently involved with several Ukrainian refugee nonprofits, World Kitchen and Operation Underground.

Connect with Michelle (if mentioned in the podcast)

• Website: https://investingwithfire.com/

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

In this episode, you will learn 

• Challenges of integrating into a new community and forming deep connections.
• Importance of adapting to change while keeping your end goals in sight
• Significance of asking constructive questions and being solutions-oriented.
• Involvement in commercial real estate and the use of AI to automate these businesses.

Resources/Links Mentioned In This Episode

• https://www.amazon.com/This-Marketing-Cant-Until-Learn/dp/0525540830

About Mike

As the Founder and CEO of The Fortress Capital and host of ‘Surgeon Syndicate’ podcast, Dr. Mike McManus offers insights on financial empowerment. Dr. McManus invites his colleagues to join in redefining their professional lives, envisioning a world where financial freedom enables fulfilling work choices.

Dr. McManus’ early years in rural Colorado were shaped by a love for skiing and the mountains. This passion led him to become a ski instructor in Crested Butte, but a deeper calling eventually drew him towards the more demanding world of medicine. The transition to medical school was a significant shift, but it marked the start of an incredible journey.

In the realm of urologic surgery, Dr. McManus encountered numerous challenges, each one strengthening my resolve. This path was more than a career; it became a means to profoundly impact lives, blending personal achievement with meaningful patient care. Yet, over time, his frustrations with the healthcare system grew. This led him to explore new opportunities in real estate investing, evolving from a financial endeavor to a quest for professional freedom and balance.

Connect with Mike (if mentioned in the podcast)

• Website: https://thefortresscapital.com/
• Podcast: https://surgeonsyndicate.podbean.com/

Connect With Us 

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth