Happy Friday!
I am back this week after spending a few days with 100 multi-millionaires and one who sold his businesses for $1 Billion Dollars. Yeah, that’s mind-blowing!
I am excited to share many of the conversations I had and the information I learned.
To listen to how the people in this group think and talk is inspiring, motivating, and EYE-OPENING.
It reminds me of how important it is to surround yourself with people who force you to level up.
To engage with people who can connect you with others and expand your mind.
I spent some time with Dan Fleyshman, Bobby Castro, Jordan Belfort (Wolf of Wallstreet), Dave Meltzer, Tim Grover, and many more high performers specializing in Real Estate Investing, Franchising, Amazon Sales, Coaching, Apparel, Digital Marketing, Manufacturing, and Crypto.
One-on-One Conversations
I hung out with Rob Dial for several hours as he shared with me how he built a seven-figure podcast called The Mindset Mentor. He explained how he uses a specific strategy to sell advertisements during the middle of his podcasts versus the beginning and the end because more people have already set the phone down to work out, etc., and are less likely to skip through them.
This makes these ads much more valuable.
This strategy was news to me, but it makes perfect sense!
He also discussed his current financial negotiations with an agency that wants to tie his podcast contract up for many years and his feelings about that.
He isn’t going to allow it and is going to bet on himself in the future.
AND…
I had a long conversation with Rebecca Zung who is “the attorney to the stars” and now is selling books and courses on a very specific niche.
She is now known for training people how to negotiate with a narcissist.
I would have never thought of this niche but now I see how so many people could use this!
She was recently on Ed Mylett’s podcast and has so many good life lessons to learn from.
We have all heard the saying….”the niche is what makes you rich.”
Check her out on his podcast.
We heard from Kent Clothier, Bobby Castro, and several others that have done over a Billion in real estate transactions about where they are investing in real estate to protect against inflation.
Kent and Bobby look for high-class multi-family real estate in “red” sunbelt states that are landlord-friendly. They avoid investments in California and other states that have eviction moratoriums… and Bobby was even INCREASING rents during Covid lockdowns.
BTW…the Supreme Court just overturned Biden’s rent moratorium and this will change the real estate market over the next 6 months in a big way!
There will be many foreclosures and vacancies coming.
Property will be able to be purchased at a lower cost.
Other attendees recommended going to your bank and renegotiating your mortgage or refinancing, if possible, to get a fixed, 30-year loan at the lowest possible rate. You’ll be paying back the loan over time with inflated dollars, and you can invest the money that you didn’t put into the house to make higher returns. Also, finance income-producing properties also using fixed interest rate loans. These could be rental properties or land. It is the same reason as above, and the benefit is that land is a fixed asset.
BUT…
Dan Fleyshman, a money genius, great investor, and one of the most connected people I know, also said, “I’m investing in more businesses than ever.”
I sat with Dan for 2 hours as he talked to me about how he has angel invested in 37 companies and none of them have gone bankrupt to date.
He then reached out to the table and “knocked on wood.”
I was shocked at this and eager to learn his strategy because this track record is unheard of in angel investing.
He then proceeded to explain to me how he does it.
Some of the information was brilliant and was completely new to me and some I was very familiar with.
The bottom line is he doesn’t invest unless the company already shows strong sales numbers and he feels good about the leader of the company. Many angel investors place capital before any sales are made. Big mistake!
Sales and revenue will prove the population’s demand for the idea. Plus, businesses, services, and products at the core are all about the people behind them. The jockey, not just the horse!
Another expert said: “The most important thing that we can do to grow our wealth during inflationary times is to be investing in the highest growth industries and in companies that have highly differentiated products and services that are disrupting their respective markets.”
“…companies that can grow at rates that are far faster than the economy and the rate of inflation. Doing this keeps us ahead of irresponsible monetary policy. And it will continue to generate real returns that not only help us preserve but grow our wealth.”
One of Dan’s connections was last night’s celebrity guest, Oscar De Le Hoya, the Golden Boy of Boxing, a former fighter turned promoter with a net worth of $200 million.
Oscar warned about the temptation to remain set in the “old ways” of doing things… boxing promotions followed a formula for decades…
But Oscar realized if he wanted to remain relevant, he had to build a social media team, and he had to be open to crossover fights – with MMA or Internet celebs like Jake Paul.
You can either cry or moan about how the world is changing and live with fear…
Or you can be part of the change in the world so that you win the fight for health, wealth, and prosperity.
Don’t sit on the sidelines.
Overcome all the obstacles and….
make sure to be on the right side of history?
Talk Soon,
Bobby