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

Latest Episodes:

Real Estate Investing with Tyler Sheff Mar 29, 2018

Show notes

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 feeling overwhelmed?
· Realize the world will not end
· Step back and look at it from a financial end

[13:24] Tell us about the Mailbox Money Mastermind? It took you 2 years to create it- it must have some great information. What can listeners expect to learn from it?
· It’s easy to get sucked into making a purchase
· Learn basic principles and mindsets
· Broke everything down step-by-step
· Hours of video lessons

[16:28] People often say that real estate is a get rich quick deal- but you say the opposite. You will get rich, but not quick. Can you go into that a bit?
· people need to be focused on streams of income

[18:0] Tell us about the power of negotiation and why it’s painful?
· Number one fears for people
· Fear of the unknown- so they don’t do it

Sponsors

[22:33] Chain of Wealth– If you’re interested in hosting your place our on Airbnb check out Hosting Your Pad.

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Value Link Round (VLR)

[23:17] Why do you think people fail at achieving their dreams?
· We have lost the work etiquette

[24:25] Do you have any other books or podcasts to recommend?
· Books: The One Thing

[25:3] Do you have a favorite quote?
· You gotta get busy living or get busy dying

[25:42] What’s the best advice anyone has ever given you?
· Buy real estate cause God ain’t making anymore of it

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Personal Finance with Chris Browning Mar 26, 2018

Show notes

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 🙂

[2:19] So you have quite the debt payoff story. You paid off $27,000. What did you do and how long did it take you?
· Homing in on the budget
· Took 4 years, predominately wedding expenses
· Strict $0 budget, set aside a certain portion for debt each month

[5:25] Do you have a big money blunder that you learned from?
· Realizing how much debt he had
· Kept using credit cards but started being counter-productive
· Should have rather used cash base budget

[7:8] If you could give your money challenged friend advice, what would it be? Why?
· Create a budget, even if it’s simple
· Switch to cash budget

[8:18] What is your favorite personal finance topic?
· Mental aspect to managing money

[9:34] What are some of the goals you have for Popcorn Finance?
· Idea come about over 3 years
· Started in June 2017
· Meeting amazing guests has been the funnest part

Sponsors

[11:11] Chain of Wealth– If you’re interested in hosting your place our on Airbnb check out Hosting Your Pad.

Katie created this online course to teach you how to maximize your Airbnb profile.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[11:49] Why do people fail at achieving their dreams?
· Mindset, sticking to a plan once you’ve come up with it.

[13:3] What other books or podcasts can you recommend?
· Journey to Launch
· Paychecks and Balances
· Planet Money
· Broke Millennial

[15:32] Do you have a favorite quote?
· Eat well, read books, study yourself, expand your mind, do better & get better you are your greatest investment.

[16:5] Any last advice?
· Be more open about money, don’t be isolated
· Do it with someone you trust

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Denis & Katie Reflect on Chain of Wealth Mar 22, 2018

Show notes

Special Episode reflecting back on the first 50 episodes of Chain of Wealth

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Assisted Living with Gene Guarino Mar 19, 2018

Show notes

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 want to be at home, don’t necessarily buy into the amenities.
· Bigger facilities Caregiver ratio 1 to 25, vs assisted living 1 to 5.

[6:8] What are some red flags?
· Tour, they’re expecting you
· Come back unannounced and see the quality

[7:7] How much does it usually cost?
· More than you realize.
· The national average per Genworth- $3,750 on a national basis per month.
· Gene focuses on private pay- $4-6k a month. Private insurance is the way to go.
· Long term care insurance- LTC

[10:16] What are some different ways to pay for it?
· Typically, insurance, however you can start a business where you actually buy the home yourself and setup a housing structure for your own family that they will pass on to you.

[11:27] Do caregivers live there?
· Live in option, take care of the people yourself
· Shiftwork

[12:19] What about food, is that covered in the price?
· Yes, one price covers everything
· Lots of “Big Box” facilities charge a cheaper base rate but then add on everything else

[15:47] What is a common struggle you see families make when making these decisions?
· Typically, an event driven business, something happened.
· At this point there’s a decision made as to how to handle the parent.

[18:16] What kind of resources do you provide to people interested?
· Online & Home Study Course
· Live trainings

[19:20] How does your pricing structure work?
· Owns and operates home
· People can invest- family legacy home
· The academy teaches you how
· Consulting available as well

Sponsors

[20:22] Chain of Wealth– If you’re interested in hosting your place our on Airbnb check out Hosting Your Pad.

Katie created this online course to teach you how to maximize your Airbnb profile.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[20:53] Why do you think people fail at achieving their dreams?
· People don’t have dreams anymore
· Mind dump and figure out what you want

[21:56] Do you have any other podcasts or books to recommend?
· The One Thing

[23:27] What is your favorite quote?
· It’s better to be prepared and not given an opportunity than be giving an opportunity and not be prepared.

[23:41] Any last advice?
· Do something you believe in

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Become debt free with David Auten & John Schneider Mar 15, 2018

Show notes

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 only queer couple in the personal finance blogging niche- if any, what obstacles have you had to overcome?
· Tons!
· Created a market
· Growing a community

[17:18] What are some of your favorite topics to cover?
· Give a rounded experience
· Talk about mentality/ lifestyle
· Travel
· Budgeting

[18:19] What are some areas you are trying to raise awareness for?
· To provide help to yourself then to others
· Take financial situation earlier
· Airbag on the airplane analogy
· You can give back when you aren’t broke

[22:11] What is it like to be a couple as well as business partners?
· We love it
· Wanted to spend more time together
· Times when you can pick each other up
· Commiserate together

Sponsors

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If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[26:58] Why do you think people fail at achieving their dreams?
· People haven’t decided what their dream is

[27:58] Do you have a favorite book and podcast you can recommend?
· Podcast: Queer Money, Sean Croxton’s quote of the day

[28:53] Do you have a favorite quote you like to live by?
· “No one drifts to success”
· “Be thankful for what you have, you’ll have even more. If you concentrate on what you don’t have, you’ll never have enough.”

[30:12] Do you have any final parting piece of advice for our listeners?
· No one ever gets rich living beyond their means

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Starting a Vending Business with Matt Miller Mar 12, 2018

Show notes

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 do?
· Hassle free fundraising for schools
· Sticker vending machines
· 3,000 schools across the country
· Sold over 40,000,000 stickers in the last decade

[6:16] These days it’s all about the side hustle- on your website you offer people a way to make additional income, let’s talk about how you can help busy professionals make extra money and how much money they can earn?
· Traditional franchise- expensive and require 100% of time
· School Sticker Vending- can do it in your spare time.

[14:28] How much time is needed each month to participate?
· Have a few spare hours/ days a week

[19:56] What kind of support do you offer people that want to go to the next step?
· A mentorship program
· Conduct training in Texas
· Host 2 podcasts a week just for the franchise team
· Interview with franchisees to show best practices
· Monthly mastermind groups
· Monthly webinars
· Host an annual convention
· Online community

[27:21] How can people get in touch with you if they want more information?
· Ebook: Live your dreams: the top 10 reasons why you need to own a vending business
· Ssvbusiness.com/chain

Sponsors

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If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[30:44] Why do people fail at achieving their dreams?
· Lack of patience- microwave mentality
· Life is a marathon not a sprint

[34:31] Do you have any other books or podcasts you can recommend to our listeners?
· Books: Crushing it; The 12 week Year; Rich Dad, Poor Dad
· Podcasts: The Gary V- Audio podcast, Start Up; Forty Eight days to the work you love, The View from the Top; The Business On Purpose Podcast

[38:45] Any other parting piece of piece of advice?
· You have to get in the game

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Breaking Down Credit & Credit Cards with Jordan Goodman Mar 08, 2018

Show notes

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-old girl gets in a car accident and is seriously injured. She has no health insurance and is now half a million dollars in debt. What should she do?
· Go to Healthcareadvocates.com

[11:46] How do I know if a debt resolution company is legit or a scam?
· Legit ones cooperate with the creditors
· Scams are called debt settlement companies

[13:1] If a loved one dies, parent or spouse, are you automatically left their debt or is there a way around that?
· Typically, debt is against the estate not the benefactors

Sponsors

[15:39] Chain of Wealth– If you want to refinance your student loans head over to chainofwealth.com/credible for $200 off your first payment.

Refinancing your student loans can save you thousands!

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round (VLR)

[16:9] What is your favorite quote?
· “Every day, think as you wake up. Today I am fortunate to be alive, I have a precious human life, I am not going to waste it.”

[16:36] Best advice someone gave you?
· Set up habits

[17:5] Last advice?
· Savers dilemma: Secured real estate fund

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How to Create a Personal Finance Blog with Erik Mar 05, 2018

Show notes

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 destruction tool

[16:48] What has been your biggest blogging high? Low?
· Low- feeling burnt out: took a break to reprior
· High: favorite post

[19:4] What is Quora? What can people find there?
· It’s a big question/answer site
· Informational site

Sponsors

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Value Link Round (VLR)

[23:13] Why do you think people struggle to achieve their dream?
· The Slight Edge: People know how to be successful, it’s the consistency bit

[26:6] I know you’re an avid reader and you recommend a ton of great books on your blog. What is one financial book that you recommend?
· The Automatic Millionaire

[28:46] Do you have a favorite quote?
· “You’re level of success will rarely exceed you level of personal development because success is something you attract by the person you become.”

[30:12] Any last advice?
· First, identify where you want to go
· Make the changes to do that

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Starting Blogging with Pete McPherson Mar 01, 2018

Show notes

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 questions that don’t really matter- more little details
· How many guest posts should I do a month/ quarter
· Little questions that don’t really matter
[12:51] Do you have any funny blogging faux paus?
· I say things I regret on my podcast
· I don’t edit a lot
· Think fast then ramble
· Bounce thoughts around

[16:25] So you were a CPA in your former life. It’s a bold move to quit an office job while supporting a family. Do you have a lot of faith in your skills to build your tribe?
· Yes and no
· Yes- I know I can help people
· No- imposture syndrome

[24:55] Did you do any income forecasting? How has that worked for you?
· Not at first
· Goal for 2018- to be more structured
· Determined goals per month

[29:16] You are a rather new podcast- which you debuted on the best day of the year, Katie’s birthday- do you have any hacks to growing your downloads?
· I do:
o Patience
o Consistency
o Know what everyone is doing- then do the opposite
o Do what you can to stand out
[36:28] You have a whole post on new blog tools you’re loving. Which is your favorite?
· Smarter Cue- helps manage social media cue. Starts at $16 a month
· Bearwriter.com -Organizational notes- (Google bear writing)
· Freedom.to- automatically blocks addictive/ distracting websites
· ConvertKit

Sponsors

[40:56] Chain of Wealth– Join us on facebook! Head over to chainofwealth.com/fb

Looking forward to meeting you!

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Value Link Round (VLR)

[41:24] Why do you think people struggle to achieve their dreams?
· They haven’t put their dreams into goals
· Irrational fears

[47:17] Do you have any good books you recommend?
· Books: Purple Cow, The War of Art, Deep Work, The Millionaire Fastlane
· Podcasts: Hardcore History, Tim Ferriss, Art of Charm, Kevin Rose

[51:45] Do you have a favorite quote?
· “Good”

[54:22] Do you have any last advice?
· Everyone should start a blog

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Get Out of Debt with Jennifer Smith Feb 26, 2018

Show notes

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 host of places to save. What are a few of your favorite apps you use to save?
· EveryDollar- free budgeting app

[13:25] What is one thing you wish you would have known back when you were paying back your loans?
· I wish I had known how good debt free feels

Sponsors

[18:1] Chain of Wealth– Check out our free debt guide and join our free facebook group.

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Value Link Round (VLR)

[18:27] Why do you think people fail at achieving their dreams?
· They fail one day and then they think they’ll always fail
· Failing is normal
· Everyday you fail a little less

[19:0] Do you have any books or podcasts you can recommend to our listeners?
· Podcast: The Choose FI, The One Thing,
· Book: The One Thing

[19:52] Do you have a favorite quote?
· Expect more than others think is possible

[20:18] Any other last piece of advice?
· Don’t try to go 0 to 100. Just try to be a little better everyday.

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