The Good Financial Cents Show w/ Jeff Rose, CFP®

"The amount of money you helped us save on that deal alone — paid for coaching." - Charles Rose, Jr.

 

When you see someone that has achieved a certain level of success that seems improbable - how often do you hear ‘They just got lucky.”

 

I’m here to tell you luck only finds you if you are willing to take risks.

 

Today we get to hear one of those  heart-felt stories of someone that wasn’t willing to take no for an answer.  

 

They were willing to take risks.

 

06:22 Who is Charles Rose?

09:45 Living paycheck to paycheck

12:25 Seeking mentorship

16:50 What was the ‘wake up call’ moment for you?

21:15 At what point in your journey did you write your book?

25:54 Are there any experiences that didn’t work out, but led you to where you are now?

32:04 How difficult was it for you to reach the point where you hired a coach?

39:10 Tell us about the benefits you realized with your coaching experience.

42:35 How much of your time, energy, and focus is on real estate?

 

 

Resources:

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Ep-193-Charles-Rose.mp3
Category:general -- posted at: 1:35pm CDT

Can you imagine having a net worth of over 26 Billion Dollars???

 

Then having your entire net worth disappear overnight….

 

This is what happened to thousands of people, including me.

 

I am really getting tired of making this type of Podcast. (I recently did a similar one on Celsius Network).

 

02:30 Not your keys, not your wallet

05:13 No regulation, no FDIC insurance

06:12 Another crypto catastrophe

10:45 BlockFi Announcement

13:25 Don’t forget fraud

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Ep-192.mp3
Category:general -- posted at: 11:14am CDT

Where in the world are you supposed to put your money?

 

Interest rates have more than tripled...

 

The Stock Market is down 27%

 

Bitcoin is down 57%….

 

Where in the world are you supposed to invest your money?

 

You often hear real estate is a good investment, but does it still make sense in this environment with a housing bubble just around the corner?

 

I tucked some money in Fundrise about 4 years ago - I’ve been updating my returns regularly.

 

Since I hit a recent anniversary let’s take a look at the latest returns.

03:00 What is Fundrise

05:20 Tiers and Fees

07:20 Fundrise shows ALL the details

09:45 My Fundrise account

13:10 My returns

16:09 My transactions over 4 years

17:20 Properties in my portfolio

19:19 Fundrise investments vs. other investments

27:10 Does Fundrise make sense for you?

 

Resources:

My 4 Year Fundrise Returns – Is Fundrise Worth it?

Fundrise Review - How to Invest in Real Estate

Best Fundrise Alternatives: Seven Top Real-Estate Crowdfunding Platforms to Consider

 

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep_191_.mp3
Category:general -- posted at: 10:22am CDT

You often hear 'If you want to build wealth, you must invest into real estate.’

 

If you’ve done any research, you know there are different types of real estate:

 

  • Flipping properties
  • Apartment complexes
  • Hard money loans
  • And many more…

 

It can be overwhelming.

 

My guest had a similar experience when trying to invest.  Until he found a niche.

 

Let’s see what niche he discovered and a whole lot more.

 

Today’s guest is Seth Williams and he is a real estate investor.

 

04:14 Who is Seth Williams

06:35 The strategy to buying land

09:44 Did this start as a side hustle?

11:22 How much time was spent between learning and your first ‘deal’?

14:18 Was there a time where you ran into unexpected problems?

19:23 Is information easier to get now vs when you started?

22:53 I am surprised that there are still opportunities where you aren’t competing with others.

24:40 Are there any states where you won’t buy land?

26:25 On average, how many deals do you do per month, per year?

27:35 At what point where you able to leave your day job?

28:26 What year were you able to make a deal that was larger than your full-time annual salary?

31:56 What happened that made you feel safe enough to leave your job?

35:43 When did you feel you wanted to transition to teaching others?

40:00 What is R.E. Tipster?

Resources:

https://retipster.com/

https://www.goodfinancialcents.com/ask

 

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: 190_-_Seth_Williams_Interview.mp3
Category:general -- posted at: 1:13pm CDT

The IRS just released some of the largest increases in retirement plan contribution limits.

 

I’m excited! You should be too.

 

9.8% increase for 401k’s and 8.3% increase for IRA’s.

 

01:44 IRA Increases 

03:32 Gross Income Limits

05:06 401k Increases

06:25 401k ‘Catch Up’

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-189.mp3
Category:general -- posted at: 10:00am CDT

Close your eyes and imagine the richest business person you can think of….

 

Chances are you probably don’t know them well, all you know about are the successes they’ve had.

 

You don’t know about the failures and the mistakes.

 

I’m here to tell you, things don’t just ‘work out’.

 

I have shared some of my mistakes and failures with you in the past but I wanted to record an update.

 

I want to share some of my biggest investing mistakes that have cost me over $4.2 Million, I hope that it helps prevent it from happening to you.

 

02:01 Haters on Twitter

06:01 Penny Stock Mishap

09:43 Iraqi Dinar

13:02 Solo 401k Business 

19:14 Investing in Sports Cards

22:18 Cryptocurrency Investments

27:09 Bad Business Partnership

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode-188.mp3
Category:general -- posted at: 9:38am CDT

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