Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Original Show Notes: Real Estate Investing Tyler Sheff is the founder of CashFlowGuys.com and host of the Cash Flow Guys Podcast. He enjoys life, is a huge fisher, hunter and scuba diver. As a former police officer, Tyler has spent the last several years of his free time learning about investing in real estate. Now, Tyler finds that he truly enjoys teaching and helping others learn how to build wealth. Welcome, Tyler! [1:43] So where is the coolest place that you have gone scuba diving? ·       Marshall Islands [2:50] What is the first thing you tell people when they are thinking about buying a property? ·       Make sure you do all the math [5:52] What is a common mistake you see people do when they are buying a home? ·       Refusing to do the math ·       Paying top dollar for ·       Only pay for a property on what it currently does [9:16] So on one of your YouTube shows you talk about overwhelm. It is so easy to get overwhelmed today- especially when trying to buy a house. What do you do when you are

Original Show Notes: Personal Finance Blog Chris Browning is the creator of Popcorn Finance. After achieving a Finance degree and having an accounting job, he was still searching for a creative outlet. Wal-ah! Popcorn Finance was born. A quick personal finance podcast that is quick and easy to listen to- just like making popcorn. Welcome Chris! [1:46] So are you a microwave popcorn or kernel popcorn kinda guy? ·      Microwave but got a cool new toy

Special Episode reflecting back on the first 50 episodes of Chain of WealthSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Gene Guarino, CFP and Founder of the Residential Assisted Living Academy is regarded as “the” expert in the residential senior housing space. Not only is Gene a CFP, Certified Financial Planner, in the US for over 20 years and licensed in Australia for the past 7 years, he has also spoken to over 300,000 people in 5 countries live from the stage. In addition, Gene has written 4 books and hosted 3 radio shows of his own.  Gene is a life long entrepreneur with 17 businesses over the past 39 years. Welcome Gene! So getting older is a fact of life. [2:29] What do you look forward to when you hit the golden years? ·      Having Grandkids ·      Health ·      Being around family and friends [3:47] What is assisted living? ·      Most people think of a big facility ·      Gene focuses on residential units with 24 hours care [4:53] What are some of the things a family should look for in finding a good facility to put a loved one? ·      Caregivers themselves are the most important ·      Parent’s normally just wa

Original Show Notes: Become Debt Free Today we have David Auten and John Schneider with us. David and John run the popular personal finance blog, Debt Free Guys. They have written for Yahoo Finance, Huffington Post, Business Insider, MSN Money, Time and many more. They have also been featured in media such as Market Report, NASDAQ, Christian Science Monitor and others. When David and John met, despite having a combined 13 years of financial services they had a combined $51,000 of credit card debt. [2:39] How long did it take you guys to pay off your $51k credit card debt & how did you pay it off? ·       About 10 years ago ·       Realized it needed to be paid off ·       Friends were passing them by ·       Lived in a basement apartment ·       Itemized all expenses ·       Shifted spending habits ·       Debt lasso [3:1] What creature comforts did you have to cut back on? ·       Wine drinking ·       Lots of little things o    Cut cable [15:0] On your website, you point out that you guys are the o

Original Show Notes: Starting a vending business   Matt Miller spent the first 9 years of his career as an Air Force pilot, before entering the private sector to work in both the medical device and advertising industries. While a top performer in the corporate world, his long term desire was to be his own boss. A good friend one day mentioned the gum ball machines he and his young daughters owned, and that conversation began a 10 year business quest that has brought Matt’s company, School Spirit Vending, to the cutting edge of both the vending and school fundraising industries. Today, School Spirit Vending’s franchising program provides a proven and profitable business system for busy professionals and their families looking to develop secondary income streams with a limited time commitment. Welcome Matt! [3:58] Matt, before we dive right in, let’s get to know you a bit better, what was your school mascot? ·     The Spartans [4:28] So let’s chat about School Spirit Vending, what exactly does the company

Original Show Notes: Mastering Your Credit and Credit Cards Today we are excited to welcome back a past guest who is a wizard when talking about student loans and now credit. Jordan Goodman is also known as America’s Money Answers Man- Welcome back! [2:14] Should people have more than 1 credit card? ·      Yes- you want to build credit ·      3-4 cards is the ideal amount ·      Cards that have benefits for your life ·      Guidetocreditcard.com [3:10] A listener wrote in: My boyfriend thinks that you should have a revolving balance on your credit card. Can you explain to him why this is a bad idea? ·      Because you’re paying interest ·      Does not help your credit score ·      Debt management plan cambridgecredit.org [7:11] Fraud is a scary thought to almost all Americans. Is there a way to get errors off your credit report? ·      Yes- there’s a whole procedure ·      Fair and Accurate Credit Transactions Act ·      Tourdecredit.com- helps improve credit reports [8:58] Listener scenario: A 21-year-

Original Show Notes: Start a personal finance blog   Erik is the creator behind the blog The Mastermind Within. His blog is a collection of books, advice and free stuff for readers to learn how to better themselves. At only 25 years old, Erik is a homeowner and striving to increase his net worth. Welcome Erik! [2:43] Where did the idea for your blog come from? ·      2012- looking for ways to build wealth ·      2016- time to start a blog ·      Started with a work friend [5:8] What has been your most favorite blog post you have written? ·      Best post was a joke post- marry for taxes blog post ·      Most commented post [8:3] What are your goals for the Mastermind Within this year? ·      Staying consistent- 3 posts a week ·      Have a lot of streams into his site ·      Hopes- 25,000 page views a month [13:4] You give away some free stuff on your blog…. What can Chainers expect to learn over there? ·      12 days of personal finance PDF ·      Income statement spreadsheet ·      Automated debt d

Original Show Notes: Starting a Blog Pete McPherson writes killer bio paragraphs. But when he’s not doing that, he’s a full-time husband and dad, idealistic entrepreneur, purple cow thinker, blogger, marketer, CPA, data nerd, STAR WARS nerd, web and iOS developer…and really fast typer. He spends his days teaching people how to blog better (doyouevenblog.com), as well as drafting and validating various project ideas. Welcome! [2:40] So Pete, What did you think of the latest Star Wars movie? Are you a dark side or light side kinda guy? ·      I liked it ·      Light side guy [4:42] You have had a few blogs. What is the one thing you wish you would have known as a new blogger? ·      To have taken my time ·      Plan more long term [7:40] What are some helpful tips for a blogger who is struggling to make that first affiliate income? ·      Do the opposite of what everyone else is doing ·      You have to be different [10:50] What is the most common question new bloggers come to you with? ·      Usually ques

Original Show Notes: Getting Out of Debt   Today we have Jennifer Smith with us. Jennifer is the founder of the blog, Saving with Spunk. She is an acupuncturist by day and a blogger by night. She created the blog in the efforts of paying off debt while still having fun. Jen and her husband were able to pay off over $78,000 worth of debt. They have been debt free since August 2017! Welcome Jen! [2:2] What are you doing with your money now that you’re debt free? ·       Saving and investing ·       It took time to figure out what to do with it [3:40] Tell us your student loan/ debt pay off story- what did you do? How long did it take? ·       Talked about debt for first time when got engaged ·       Travis wanted to pay off debt and Jen did not ·       Realized that the debt would be a hindrance ·       Paid debt off in 23 months [9:16] Do you have a favorite post? ·       It did not take too much time ·       13 cats who totally get your debt pay off struggle [10:35] On your resources page, you list a hos

Visit www.chainofwealth.com to grow your wealthSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Original Show Notes: Tax planning Craig Cody is a certified tax coach, CPA, Business Owner and former NYC Police Officer with 17 years of experience on the force. In addition to being a CPA for the past 15 years, he is also a certified tax coach. As a certified tax coach, Craig belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, Craig has co-authored an Amazon best seller book, Secrets of a Tax-Free life. Welcome Craig! [3:9] Who is your favorite super hero? ·       Spiderman It’s currently tax season so we’re excited to have you on the show and hope our listeners can pick up some awesome tips from you today. [4:32] What is proactive tax planning and how can you use it to minimize your taxes? ·       Communicating with your accountant/ CPA ·       Looking for ways to save money ·       Doing it ahead of time—before tax s

Original Show Notes: Bitcoin Mining   Dominic Florczak. He has a B.pharm with distinction from the university of Witwatersrand and an MBA in business administration from Herriot watt university. He’s is currently the managing director of a pharmaceutical company and is in charge of the firms corporate cryptocurrency portfolio. He’s an experienced trader dealing with both stocks and cryptocurrency. Welcome Dominic! Round 3- [2:8] Ok let’s chat about mining today. Loads of people have made a ton of money when they started mining bitcoin. So firstly, what is mining and secondly is it still a thing that people still making money off it? ·       Mining is getting paid to verify transactions ·       Kind of like a jury that works to audit the blockchain ·       Every time it happens you get paid ·       In terms of profitability, there are loads of calculators available, it’s profitable, that’s why people do it ·       New tech called Burst maps the free space on you hard drive & it’s eco friendly ·      

Original Show Notes: Bitcoin and other coins you look into Dominic Florczak. He has a B.pharm with distinction from the university of Witwatersrand and an MBA in business administration from Herriot watt university. He’s is currently the managing director of a pharmaceutical company and is in charge of the firms corporate cryptocurrency portfolio. He’s an experienced trader dealing with both stocks and cryptocurrency. Welcome Dominic! Round 2- [2:7] Bitcoin has received lot of attention and it is definitely the biggest coin by market cap. Let’s chat about some of the other coins you can buy. Firstly, why did other coins started appearing, and how do you know which coins are good to buy? ·       Don’t buy coins based on hype ·       Determine why you believe in the product, the same way you would invest in the stock exchange ·       Raiblocks has a good real world use as a comparison ·       Always diversify your portfolio ·       There are secrecy coins that a lot of people value as well [6:22] OK so Blo

Original Show Notes: What does Bitcoin mean for the future? Dominic Florczak has a B.Pharm with distinction from the university of Witwatersrand and an MBA in business administration from Herriot watt university. He’s is currently the managing director of a pharmaceutical company and is in charge of the firms corporate cryptocurrency portfolio. He’s an experienced trader dealing with both stocks and cryptocurrency. Welcome Dominic! Round 1- [3:22] First off, let’s get down to a serious question – who is your favorite super hero and why? ·       Batman! [4:1] Ok, let’s dive into today’s topic- cryptocurrencies. Cryptos are a currency where there is loads of noise. Firstly, what spired your interest in cryptos and why did you get involved. ·       3 years ago go involved with a company that used a crypto token as the main premise of the business ·       Had to make a comparison of existing coins out there to compare ·       Risk & reward factor definitely something to really consider ·       Markets ar

Special Episode Today all about Cryptoassets, blockchain, cryptocurrency and we’ll dive into a few like Bitcoin. Bitcoin is a cryptocurrency that was released in 2009 and has become the first currency of its kind in the modern age that does not need a central bank to function. It’s created a lot of buzz in the market and is a topic where there is loads of noise and if you don’t focus you can lose track of what you’re talking about. We’ve got a cryptospecial over the next two weeks with today being the introduction to everything and then we’ll dive into our interviews with a guest that has a lot of knowledge on the topic. We split the podcast their interview up into 3 parts because there was just too much information for one episode. Welcome Chainers to another edition of Chain of Wealth, as I mentioned before today isn’t an actual interview but rather a discussion between Katie and myself where we can explore the topic a bit, I’m a lot more technical on the topic and have done quite a bit of reading on it

Original Show Notes: Side Hustle Ideas   Kevin Bubb is the author of the blog “Financial Panther.” He is a typical millennial that graduated college with loads of student debt, but was able to pay them all off. Kevin is a lawyer by day and blogger by night with a mixture of side hustles in between. We’re excited to have you, Kevin! [2:8] Where did the name “Financial Panther” come from for the name of your blog? ·       Simpsons reference, Homer thinks financial panther instead of financial planner. [2:57] You have quite the student loan story. Can you tell us a bit of back story and what your plan was to pay it all back? ·       Graduated from law school with $87,000 with student loans debt- that was with a half scholarship ·       Plan was to pay back ASAP ·       Joined a law firm and didn’t enjoy it but wanted to pay back all debt so focused on big payments. [4:6] After you paid back your debt, you took a new job with a pay cut but didn’t actually feel the impact of a smaller paycheck. What kind of h

Original Show Notes: Business Credit   Ty Crandall is an internationally known speaker, author, and business credit and financing expert. He is the CEO at Credit Suite where he oversees the biggest business credit coaching operation in the United States. With 16 years of financial experience, Ty is widely recognized as an authority in business credit building, business credit scoring, and business financing. He is the author of two popular books, Perfect Credit and Business Credit Decoded. Welcome Ty! [2:49] What exactly is business credit? ·      Similar to consumer credit ·      Instead of SSN businesses use EIN ·      Build up credit profile in a similar fashion [3:43] Can any business get business credit? ·      Any business can apply for credit, even if not citizen. ·      Need to have an EIN number to start building credit ·      Get setup with reporting agencies, need to find some vendors who report to the agencies. [5:21] How does a business start a business credit profile and score? ·      You sh

Original Show Notes: Helping the homeless Shreya Bhargava is a local neighbor to us here in Washington D.C. and has started an incredible cause to help the homeless community. It is a nonprofit called District Mugs.  District Mugs introduces entrepreneurship to the homeless and low-income individuals in D.C. by teaching the homeless and low-income participants how to paint, market, and sell coffee mugs. Their mission is to empower economically disadvantaged segments of our population by providing them with the opportunity to earn a small income while learning transferable skills. Shreya, it is an honor to have you on the show, welcome! [2:11] Tell us a little about yourself. ·      Grew up in India ·      Loads of people struggled to make ends meet ·      Studied economics at Brown University ·      Been volunteering in a shelter for the last year and started District Mugs shortly thereafter ·      Helped over 20 people today [3:33] What is the difference between a nonprofit business and a “regular” busi

Original Show Notes: The Perfect Pin   Benjamin Huber and his co-founder Jeffrey Proctor are two young entrepreneurs sharing what they’ve learned along the way about money, investing, and business. From simple side hustles, to full-fledged startups, to building a solid investment portfolio, Breaking The One Percent is all about giving you the tools and insights to break through and start earning real money. Welcome Ben! [3:2] You talk about making extra money a lot in your blog, Breaking the One Percent. Where did the idea for your blog come from? ·      Not the original idea, the first project stemmed from the first project ·      Different backgrounds that had nothing to do with business – science majors ·      Jeff was originally earning $8/hr with a bachelor’s degree. ·      Interest was mutual in trading stocks ·      Fed up with life so decided to try a new website, VTX Capital ·      Website didn’t do that well but taught essential lessons needed to make it successful [10:24] Starting a blog can b