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Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag...
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Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag along and discover how offshore real estate can be a game changer in your financial future. This podcast is designed to be your ultimate guide in learning all you need to know about investing in real estate, dealing with offshore assets, and becoming a top-tier property manager. You can also expect to learn valuable insights on other related topics like franchising and building generational wealth. Tune in each week to unleash the power of the foreign market and grow your cash flow today!
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Franchising & Real Estate | Second Life Method Podcast FRE | 2LM
Franchising & Real Estate | Second Life Method Podcast FRE | 2LM
LaunchPod Media inc.
2 NOV 2024 · Compound interest every time! Kelly helps you clear up this simple investment principle, as well as a few others over the next couple weeks, so come back to learn more in addition to this episode. Einstein called compound interest the 8th wonder of the world, saying “He who understands it, earns it. He who doesn’t, pays it.” The implications of compound interest are massive compared to investments earning simple interest.
- The definitions of each 1:25
- Calculating simple interest 2:20
“The definition of simple interest is a method of computing interest where you apply the interest rate only to the original principal amount. The definition of compound interest would be, you apply the interest rate to the original principal amount, and also to all accumulated interest.” 1:25
1 NOV 2024 · Kelly talks about CEO vs Founder in this episode and the essential difference between the two. We hear these terms a lot online, and the term CEO for example sounds very sexy and there’s some prestige. It means you’re a leader and there’s some kind of influencer of people and you have some authority. The other term can mean great wealth, and it can command respect. Both are considered successful by society. “‘Forget CEO. Settle for the title of founder.’ I thought that was good advice. Sometimes you can help your company grow by getting out of the way.”
- Key perceptions of a CEO 2:00
- Founders 5:45
- Leadership styles 9:45
“The company’s founder is generally perceived as the visionary, the creative force behind the company’s original idea. Their thing that they developed, that pulls, that has value, and they’re deeply passionate about the product, and focused on innovation, while a CEO is seen as more a pragmatic leader responsible for the operations and ensuring the company runs smoothly, often with a broader skill set than a founder, to be quite honest.” 6:00
1 NOV 2024 · Many investors’ North Star is this cash on cash (COC) return measurement of investment. COC is a static measure. It’s simpler to calculate and takes into account fewer factors than IRR (Internal Rate of Return). With the election on the horizon and some changes happening in the country, these measurements will or should become very important to you over the next couple of months. Static measure is a measurement that doesn’t take into account time.
- Static measurement 1:30
- Doesn’t take into account tax rate 3:45
- Getting the best return you can 8:30
“A static measure in mathematics means it’s a measurement that does not account for the passage of time, one where the measured quantities are always constant or changing very slowly. Investors love to run this measurement because it gives them a picture of how much they’re going to make on a rental today.” 1:30
1 NOV 2024 · Kelly talks about IRR, or the Internal Rate of Return in this episode and simplifies for those of you who have a hard time understanding exactly what this means. Why do investors need this investment measure? Many just make sure the cash flow is positive and don’t bother to calculate the investments beyond the basics. Why would there be a debate about these metrics? This may seem slightly nerdy, but it’s for good reason, because our assets are on the line.
- A good reason to do this 7:30
- Why you should care about this 9:30
- Example calculation 17:40
- EBITDA and IRR 28:45
“Analysts can to a certain extent, predict the future in that way, based on well understood facts about the present, and they can extrapolate things with great accuracy in the future based on things well understood in the present. You must look into the future as an investor.” 29:13
25 OCT 2024 · If you already understand the time value of money very well, maybe you send this to your investment partners or your staff who may need a refresher on this very important financial topic. Maybe they’re about to send their own money, or your own money, away to Wall Street for pennies on the dollar and you’ll end up doing something you regret. This episode is gonna help put you at ease with the time value concept and clarify some ideas that maybe you aren’t so familiar with.
- Knowing if you’re getting a good deal or getting hosed 2:45
- The cashflow 3:50
- Money received today is worth more than money received tomorrow 7:30
- How your money loses value over time 16:00
- T bills 23:00
“If we know that money loses buying power each year, we can actually calculate the monthly value of the loss and use it to guide our investing and learn the real present value of our investments.” 21:50
24 OCT 2024 · Kelly starts of this episode by talking about an investment filter and asking “Which way does the cash flow? Does it flow away from you or toward you?” This is an old tip given by Robert Kiyosaki, author of Rich Dad Poor Dad. Cash flowing toward you helps you feel good and gives you relief, freeing up financial strain and giving you freedom to expand your attention to other areas of your business or life.
- Always ask yourself these questions 2:15
- You feel wealthy when cash flows toward you 3:30
- The investor must establish a basis 9:45
“Don’t send your money to Wall Street without understanding what you’re investing in first, how much it earns relative to other investments, or better yet don’t send your money to Wall Street at all and invest in income producing real estate and businesses instead.” 1:30
24 OCT 2024 · What on Earth is EBITDA? It’s an accounting measure that’s calculated using a company’s earnings before interest expenses, taxes, depreciation, and amortization are subtracted as a proxy for the company’s current operating profitability. This has become a very popular form of measurement for valuing investments over the last 20 years. What did the owner make after ALL the vendors got paid? Join Kelly to hear more about this concept today.
- EBIDTA fails to account for all earning potential 3:00
- Selling his first business 8:00
- Don’t worry too much about it 15:30
“Just know what EBITDA is, but be armed with the knowledge that there are legitimate people out there who think it’s total BS. I think a little bit of both is probably a healthy way to look at that. Don't measure all your investments with it, but don’t ignore it entirely.” 15:50
21 OCT 2024 · Today we look into the future, as we often do on this podcast, and part of Kelly’s job is to keep you updated on the best modern investments and the new changes coming to the market. Today’s topic is flying cars, also known as air-taxis, aerial vehicles, or air transportation. Vehicles are going up into the air to fly above us. They use a combination of electric propulsion and vertical takeoff and landing, which provide a revolutionary takeoff and landing, and efficient short to mid range transportation.
- How this will affect the average person 4:30
- 5 figure properties in Tulum 9:50
- Remote locations: this affects investors 15:15
- Air travel is coming to Utah 18:30
“Consider how it might affect your real estate investments and large kind of land parcels and properties with lots of space to land aerial vehicles. I'm telling you guys, they will become more available and you will see that listed in the real estate listings before too long I think.” 15:5
15 OCT 2024 · Today Kelly is talking about building or remodeling in a historical district or zone, depending on where you live, but there are historical zoning laws that govern the comings and goings, and remodelings of all historical structures in the communities in which you live. When it comes time to remodel or refurbish these old buildings, one will have to navigate these laws and this episode will help you learn what it is like to remodel a home or property within a historical zone.
- An example from Kelly’s life in Salt Lake City 3:30
- What you wanna do 10:25
- Research the home’s history and prepare 12:20
“What you wanna do, these are the key points to consider in a historic remodel. You want to maintain historic features. You want to prioritize preserving elements like the woodwork if it’s built out of timber in North America, the plaster, the windows, the doors, hardware, the exterior details that give the home its unique historical charm and make it such a memorable building. Repair before you replace.” 10:27
11 OCT 2024 · If you’re in business and you sell a premium product, package, or version of your product/service, do yourself a favor and do everything you can to make it feel premium to those you serve. Most companies mess this up. You also need to be very clear to your customers about what is premium. If you’re out buying a sports car, you might go and look at a car with an introductory trim, which is your base model with only the basics, but there will inevitably be a fully loaded car in the show room with a list of all of the different premium features that differentiates that car from the base model. Communicating exactly what your premium service is.
- The business owner’s responsibility 5:50
- Massively over deliver on value! 14:40
- An example of a business missing the mark 21:00
- An attorney who never faltered 28:50
- One element that makes a big difference: pricing 32:40
- American Express was there for Kelly 42:00
“In this case, the word premium maintains its current meaning as the truly over the top, the truly premium, as in it couldn’t get any better than this. All our resources are available to you as a client. This is all we got, we’re pulling out all the stops and it’s all for you. We serve you good news or bad news with a smile and we’ll handle it, whatever it is–type service. World class. Don’t stand for anything less if it’s being branded as premium.” 6:15
Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag...
show more
Join host Kelly Maxwell as he explores proven strategies, shares his success stories, and features conversations with industry experts who have mastered the art of global real estate investing. Tag along and discover how offshore real estate can be a game changer in your financial future. This podcast is designed to be your ultimate guide in learning all you need to know about investing in real estate, dealing with offshore assets, and becoming a top-tier property manager. You can also expect to learn valuable insights on other related topics like franchising and building generational wealth. Tune in each week to unleash the power of the foreign market and grow your cash flow today!
show less
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| Author | LaunchPod Media inc. |
| Organization | LaunchPod Media |
| Categories | Investing , Entrepreneurship , Careers |
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