Episode Details
Back to EpisodesWhy Money Is An Abundant Resource, Your Velocity Of Money, Uber Kills Parking
Description
#179: Money is an abundant resource. I tell you why.
When you're looking to move accumulated equity, should you do a: 1) Straight sale. 2) 1031 Tax-Deferred Exchange. 3) Cash-out refinance.
Avoid lazy money.
My personal internet bill is $145, cable $126, phone around $100. Who cares?
You learn how much I like to spend on a hotel.
Uber and Lyft are killing the parking business.
Learn how to estimate rental property operating expenses.
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my new, best-selling paperback: getbook.at/7moneymyths
Listen to this week's show and learn:
00:52 Wealthy people's money either starts in RE or ends up in RE.
02:03 Listener question about 1031 Exchange vs. Cash-Out Refinance.
13:20 Lazy money.
15:04 Other podcasts.
16:09 Free book.
19:11 More on Dave Ramsey.
20:26 Why money is an abundant resource.
24:36 "Uber Really Is Killing The Parking Business".
29:18 Residential real estate is here to stay.
30:07 "Return On Life" and passivity.
32:47 Don't underestimate rental property expenses.
Resources Mentioned:
Article: Uber Is Killing The Parking Business
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ValhallaWealth.com
Find Properties: GREturnkey.com
Education: GetRichEducation.com
Welcome to GRE, Episode 179. I'm your host, Keith Weinhold.
From Saratoga, Australia to Saratoga Springs, New York and across 188 nations world wide.
This is Get Rich Education and we are cultivating a Real Estate Of Mind here.
That is because wealthy people either start out in RE, or wealthy people's money ends up in real estate. It's either one or the other.
...and you know, the most important piece of real estate may very well be - that real estate right between your two ears - your mind
We come from an abundantly-minded place here at GRE.
If you want to learn about combining vinegar and water in a bottle because it's cheaper than Windex. Well, you're not going to learn about that here.
If you've been wearing the same pair of monthly contact lenses for the last two years...then, well, you didn't learn to do that here either here.
In fact, money itself is an abundant resource, not a scarce one. We're going to talk more about that today.
We're going to talk about passive income and define what exactly that means.
We're also going to talk about how to best increase your velocity of money. Is it by doing a 1031 Tax-Deferred Exchange or a Cash-Out Refinance - with your inco