Wealth-Building Made Simple

Today's topic with Robert Lewis (Ink Realty) and Tiesha Lewis (Escrow Officer at Providence Title) 
How does a property get transferred to someone else at death?
What happens if there isn't a will?
Who decides what happens to the property with and without a will?
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Today's topics with Alison Reiff-Martin CPA
Creating a plan to invest the EIDL money into your business
Ideas on business investments that can potentially help you make more money for your business
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Today's topic with Jason Grimes (Grimes Group)
Should I put all the equity from the sale of my home into the new house I'm buying?
3 ideas for what to do with your equity to better your finances
Jason talks about what his clients with over $300,000 and over $1M of equity did with their equity to improve their finances
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Today's topic with Jon Thurmond (Axis Financial)
The financial decision you make when you truly love someone
Purchasing peace of mind
Linking the heart and the head through proper planning
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Today's topic with Susana Gibb (Gibb Agency Dallas)
What is workers comp insurance?
Do I have to buy it?
Why you might be exposed to a lawsuit from your babysitter and gardener if you don't have workers comp!
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Questions:
Difference between investing and gambling?
Outside of Bitcoin, what other crypto assets do you like?
What backs crypto currencies?
Will the fed hiking rates affect crypto prices?  When is a good time to invest?
Should I invest in mining pools?
How do I know when to buy and sell Bitcoin/crypto?
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Today's topic with Alison Reiff-Martin CPA (ReiffMartin CPA):
What's the difference between a 1099 employee and a W2 employee?
Is there a difference in the amount of tax paid?
What happens if you get the classification wrong?
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Today's topic with Jason Grimes (Grimes Group) 
The impact of rising rates on home affordability
Ideas on how to avoid getting priced out of this market
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Today's topic with Robert Lewis (Ink Realty)
The home affordability problem in DFW
Strategies for first time home buyers to find the money to buy a home in this crazy market
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Today's topic with Jon Thurmond (Axis Financial)
The benefits of planning like a pessimist so you can live like an optimist
What is a buy-sell agreement?
Why it's so important for business partners to have one
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Today's topic with Susana Gibb (Gibb Agency-Dallas)
What part of my insurance policy covers me if someone is hurt in my home?
If I get in a fight at a bar, am I covered?
Why attorneys tend to get the max limit on the liability part of insurance policies
 
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Today Phillip discusses:
🎙 The definition of an economy
🎙 5 big overlooked economic opportunities that need lots of money
🎙 Why thinking like a lender can make you a better investor
 
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Today's topic with Alison Reiff-Martin, CPA (ReiffMartin CPA)
The type of thinking needed to unlock the true value of your business
Building a business that requires little of your time while generating plenty of profits
Building a business not a job
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Today's topic with Jason Grimes (Grimes Group):
Where does a mortgage broker source the money for client deals?
What are the different funding sources for buying real estate?
What is the key to finding the money you need for your property?
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Today's topics with Robert Lewis (Ink Realty)
The pros and cons of selling your home right now
The benefits of having no emotional attachment to buying and selling properties
Using your home equity to improve your financial plan
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Today's topics with Jon Thurmond (Axis Financial)
Can my minor children receive my life insurance proceeds?
What happens to my life insurance money if me and my spouse die at the same time and we have minor children?
Estate planning strategies for people with minor children
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Investing in change is where the BIG gain opportunities hangout:
John D Rockefeller: Innovator in energy
Henry Ford: Transportation innovator
Andrew Carnegie: Steel innovator (made possible modern day skyscrapers)
Jeff Bezos: Innovator in how commerce was done
Elon Musk: Transportation and Space
Jay Z: Music business innovator (in how to get distribution, diversify, and monetize…how to become a real boss)
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Today's topics with Alison Reiff-Martin CPA
Thinking like a business investor vs a business manager
The skillsets of an entrepreneur 
Why having a team positions you to be more profitable
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Today's topic with Jason Grimes (Grimes Group) 
Is there a difference in qualifying for a vacation home for your family vs a vacation home you rent out?
Do loans against your brokerage account help in the qualification process?
How do lenders factor your debt to income ratio when buying a vacation property?
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Today's topics with Robert Lewis (Ink Realty)
The math around how interest rates affect the price the of a home
How to record a podcast with a child at home in the background 
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Today's topic with Jon Thurmond (Axis Financial)
The ins and outs of group life insurance coverage
The difference between Accidental death and dismemberment coverage and life insurance
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Today's topics:
Inflationary boom assets
Inflationary bust assets
Deflationary boom assets
Deflationary bust assets
What makes up investment returns?
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Today's topic with Alison Reiff-Martin 
Phillip and Alison do a recap of the assets on a business balance sheet before they go through the liabilities section over the next few weeks.
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Today's Topic with Jason Grimes (Grimes Group) 
Qualifications for borrowing money for rental properties
The rise of Employee Millionaires
Why paying more in taxes can lead to more potentially more wealth in the future
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Today's topic with Robert Lewis (Ink Realty)
How to find good real estate deals
Where do real estate investors hang out
Why if you buy real estate right, you make the rest of the process so much easier
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Today's topics:
How I determine how much life insurance my family needs?
What happens if both me and my spouse pass while our kids are young?
Where we plan to store our long term safer money?
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Today's topics:
What is standard deviation?
How we use it to target returns for portfolios
How we use standard deviation in everyday life
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Today's topics with Alison Reiff-Martin (ReiffMartin CPA)
How and why the balance sheet is organized the way it is
What are fixed assets
How successful business owners use their fixed asset to enhance the growth of their business
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Today's topics with Jason Grimes (The Grimes Group)
The wealthy mindset vs the high income mindset
What Jay Z learned over the years that propelled him to billionaire status
Why wealthy people invest using other people's money instead of their own
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Today's topics with Robert Lewis (Ink Realty)
"I own a home.  I'm ready to invest in real estate outside of my home.  What's the next steps?  How do I get started?"
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Today's topics with Jon Thurmond (Axis Financial)
 
Why wealthy families use other people's money to invest
How to use the banking system instead of the system using you
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Today's topics:
What are NFTs at their core?
The parallel to Baby Boomers and their "67 Chevys"
The specific NFT assets I have my eyes on
The high return opportunities of having cash in the short term
 
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Today's topic with Alison Reiff-Martin (ReiffMartin CPA)
How to manage inventory
How to turn inventory into cash
How to calculate if you are holding on to inventory for too long
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Today's Topics with Jason Grimes (Grimes Group):
The math around refinancing
An example of when the math works to improve a person's financial life
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Today's topics with Robert Lewis (Ink Realty):
The best book I've read on wealth-building
The difference between being a business owner and being self employed
What wealthy families do differently than middle class families
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Today's topics:
$1,000,000 is not a lot of money anymore
How much income $1,000,000 replaces
The math I (Phillip) uses to determine how much money is needed to replace a certain amount of income
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Today's topics:
Money is energy
The laws of nature don't change
History doesn't repeat, but it rhymes
Strategic diversification with history as your guide
Happy New Year!
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Today's topics with Alison Reiff-Martin (ReiffMartin CPA):
What are accounts receivables?
Strategies for converting account receivables to cash
Why not having an accounts receivables strategy blows up many businesses
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Today's topics:
Diversification...The path to wealth with peace of mind
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Today's topic with Robert Lewis (Ink Realty)
The different asset classes when investing in residential real estate
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Today's topics with Jon Thurmond (Axis Financial)
What ways can I access my life insurance cash value?
Why life insurance companies are some of the most secure financial institutions
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Today's topics:
The evolution of our current financial system
How to spot when a financial system is dying
My thoughts on the new financial system being built
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Today's topics with Alison Reiff-Martin CPA (ReiffMartin CPA)
Why cash is King, but credit is Queen
How to determine how much cash you should been in your business bank account
What do you do when you have too much cash
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Topics:
How money is created
Why collateral in a financial system is SUPER important
The collateral of the emerging financial system
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Today's topics with Robert Lewis (Ink Realty)
Why it's a good time to sell now
Where do I buy if I sell my house?
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Today's topics with Jon Thurmond (Axis Financial)
What is a term conversion?
How does it work?
When should I look into converting my term coverage?
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Today's topics:
What is index investing?
Why it's done so well over the pat 30 to 40 years
Why I don't believe it will turnout the same in the future
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Today's topics with Alison Reiff-Martin CPA (ReiffMartin CPA)
The difference parts of a business balance sheet
Why every business owner should pay attention to their balance sheet
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Topics today:
Asset classes I like in this current economic environment
The power of compound interest
Why many investors never build wealth
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Today's topic with Robert Lewis (Ink Realty)
Shorting the dollar and buying real estate
The 3 types of money 
Owning real estate without having to manage the properties yourself
The math behind real estate investing
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