How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
What It Means to Own Your Freedom with Mike Sullivant
enNovember 11, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
What kind of freedom are you looking for in life? Is it the freedom of time, money, or mind?
There is a way you can achieve freedom, no matter what kind it is you’re looking for. In this episode, we are joined by SBD Housing Solutions’ Investing Liaison, Mike Sullivant, to talk about the experience in the recent Freedom Founders event we attended and the book, Own Your Freedom, by Dr. David Phelps.
Dr. David Phelps is the founder of Freedom Founders. He has been a dentist for a number of years until his daughter fell sick. He had been investing in real estate at the time, so he had a cushion that allowed him to spend time with his daughter, who has since recovered from her illness. Listen to this episode to learn more about the book, Own Your Freedom.
Key Talking Points of the Episode
[01:12] What is the Freedom Founders community?
[01:34] Who is Dr. David Phelps?
[02:36] First take on owning your freedom
[03:10] Why do you need to own your freedom?
[03:40] Owning your freedom number
[05:06] The point of association
[06:25] The five freedoms
[07:12] Wealth is what you own, not what you do
[08:45] Real estate isn’t going to double your income overnight
[09:47] Principles before strategies, strategies before tactics
[10:33] What’s the difference between principles, strategies, and tactics?
[11:14] Transferable skill sets
[12:20] What are your transferable skills?
[13:50] Challenging your thinking
[14:54] Mike’s thoughts on Freedom Founders and Own Your Freedom
Quotables
“The freedom number is at what point does my passive income extend beyond my monthly expenses. Finding this number of creating true passive income - income that is generated while I’m doing something else is the equilibrium.”
“Too many people think that the old style accumulation method of wealth is simply to invest in the stock market, get as much as you can to accumulate wealth, and then hope you have enough when you start depleting it and spending it when you get into retirement.”
“Having a central purpose and a common theme, it begins there.”
“You don’t get rich with what you earn, you get rich with what you own.”
“Real estate is not sexy, it’s not the one that’s going to double your income overnight. It’s something that takes discipline and time.”
“You have to know who you are. You have to have core values before you go anywhere else.”
“Tactics come and go, but your principles remain the same.”
“Critical thinking usually leads to education, more discovery, and more knowledge. That knowledge empowers you to make decisions that can turn out into financial freedom.”
“We all know that there’s no one-size-fits-all investment strategy, but we also know that diversification is a wise thing to do.”
Links
Website: Freedom Founders
https://www.freedomfounders.com/
Book: Own Your Freedom: Sustainable Wealth for a Volatile World
https://www.amazon.com/Own-Your-Freedom-Sustainable-Volatile/dp/1735941549
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
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What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023