The FasterFreedom Show: Change the Way You Think About Freedom

Unlocking Wealth: 3 Free Tools You Need to Know | EP. 37 Nov 23, 2022

Show notes

Networking and being around people, and learning from other people are great tools to create wealth. And you can and should pay for it. But when you're just getting started, then you must stick with free tools. There's no excuse. “Knowledge has never been more at your fingertips than it is today,” says Sam. So in today's episode. Sam and Lucas share three powerful tools to build wealth. Discover what they are and get closer to achieving financial success.

“Knowledge has never been more at your fingertips than it is today.”

- Sam Primm

“When you're getting started, stick with free 100%.”

- Lucas Walls

In this Episode:

-Network for free via Meetups and FB Groups

-Free knowledge via social media, YT University, podcasts, etc.

-Take action because, without it, you won't go anywhere

-Random Thought of the Day: Top 10 Sports Franchises

And more!

Connect with Sam and Lucas:

Entrepreneurial Operating System: The Key to Scaling Your Business | EP. 36 Nov 21, 2022

Show notes

Like your phone or computer, your business needs an operating system to run efficiently. Businesses that have a stable system are usually the ones that can sustain growth and eventually scale. So how do you build a dependable system? That's what Sam and Lucas will discuss today.

If you own a business or are looking to build a rental portfolio but don't have systems and processes in place, there's a lot you can learn from this episode. So listen up as Sam and Lucas break down their Entrepreneurial Operating System (EOS) and explain the Traction Model, which is based on the book Traction by Gino Wickman.

“The system we're gonna break down is called the Entrepreneurial Operating System–EOS, like IOS for your phone, but EOS is for entrepreneurs with small businesses. It's literally how to take your business to wherever you wanna go, and you break it down all the way to the base level.”

- Sam Primm

“You don't have to recreate an operating system and make it even that much more difficult. Business is hard enough. Use this operating system to go be more powerful with your ideas and strategies.”

- Lucas Walls

In this Episode:

-Advantages and disadvantages of big corporations compared to small businesses

-Why Sam and Lucas recommend the book Traction by Gino Wickman

-This Entrepreneurial Operating System (EOS) can help you reach your goals more efficiently

-What does Sam and Lucas's weekly traction look like?

-Random Thought of the Day: Top 10 Rappers of All Time

And more!

Resources:

-Traction by Gino Wickman - https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837

Connect with Sam and Lucas:

The Wealth Creation Strategy Used by Bezos, Musk, and Zuckerberg | EP. 35 Nov 16, 2022

Show notes

Did you know how Jeff Bezos, Elon Musk, and Mark Zuckerberg built their wealth? In this episode, Sam and Lucas discuss a simple and powerful path to creating wealth that almost every wealthy person uses. But you don't have to be as smart as Bezos, Musk, or Zuckerberg to do the same. Now, if you're the type of person who thinks saving your money is the best way to accumulate wealth, you have to hear this conversation.

Tune in and learn the strategy for wealth creation that will benefit your future generation. This strategy works for almost every business, but you must know that 90% of millionaires build their wealth through real estate, just like Sam and Lucas.

“The only way to create wealth if you don't come from money is to smartly and calculatedly get into debt.”

- Sam Primm

“Almost every new business needs some sort of jolt of capital to get started.”

- Lucas Walls

In this Episode:

-Discover the ABCs of wealth creation (it's the same method used by Jeff Bezos, Elon Musk, and Mark Zuckerberg to build their wealth)

-Why do companies go public?

-How do you create wealth in real estate?

-Random Thought of the Day: Twitter takeover

And more!

Connect with Sam and Lucas:

The Ultimate Guide to Building a Powerful Brand | EP. 34 Nov 14, 2022

Show notes

How do you like your brand to be known? If customers recognize your company’s brand and identify your products, it indicates how well your target market differentiates your product from those of competitors. It takes continuous effort to build a strong brand, but a strong brand massively increases the value of a company. There's probably nothing more satisfying than hearing someone say, “Yeah, I love that brand!”

There's no doubt that having a well-known brand is extremely powerful. With billions of people wanting to be heard, you can't take a backseat and leave your brand to chance. It is something that you intentionally nurture and grow. So how do you build a powerful brand? Sam and Lucas talk about MrBeast as an example. Then they share five simple things you can do to create a strong brand. Let's dive into today's episode of The Faster Freedom Show!

“Creating a brand will provide opportunities for you that you had no idea were out there.”

- Sam Primm

“You need to be consistent and resilient, and you will start seeing fruits of your labor.”

- Lucas Walls

In this Episode:

-What can we learn from the success of MrBeast (Jimmy)?

-Why is it important to have a strong brand?

-5 Tips to building a powerful brand

-Random Thought of the Day: Why are these brands/ people famous (even when they seem to be building their following the wrong way)?

And more!

Connect with Sam and Lucas:

Unlocking the Wealth in Your Home | EP. 33 Nov 09, 2022

Show notes

Did you know that the average homeowner is sitting on over $175K equity? That's right. So what can you do with it? Tapping into your home’s equity can be beneficial in many ways. Home equity is a way to build personal wealth over time, and you can access the cash needed to improve your financial situation or for whatever else you see fit. You can also use it to fund substantial expenses, and it's often a more cost-effective financing option than using credit cards or personal loans. But let's focus on using equity for wealth building. What can you do with your home equity? That's what Sam and Lucas are discussing in today's episode. So tune in and discover a couple of ways to use your house to get rich.

“That $175K average, and obviously some people have more than this average, that can change people's lives. You can use that for so many things.”

- Sam Primm

“If you're a real estate investor, I would use that money to fund your projects, whether it's your flips or building your rentals. That's exactly what I would do with it.”

- Lucas Walls

In this Episode:

-Why so much equity?

-What is HELOC? What are its Pros and Cons?

-What is Cash Out Refinance? What are its Pros and Cons?

-Random Thought of the Day: What animal would win in a fight?

And more!

Resources:

-Financing For Real Estate Investors, Simplified - https://www.fasterfreedomcapital.com/

Connect with Sam and Lucas:

Things You Need to Know About Real Estate & Entrepreneurship | EP. 32 Nov 07, 2022

Show notes

Which one do you like better–entrepreneurship or real estate? They are actually linked, but with subtle differences. In this episode, Sam and Lucas will discuss real estate investing and entrepreneurship and share their plans for a company they're launching in 2023. Why are they doing this when they already own three profitable businesses? Let's listen up and get inspired by their story.

“As we start to make more money and our companies become more profitable, we can potentially be our own money source.”

- Sam Primm

“You can give up on a product, you can give up on an idea, you can give up on a strategy, but never give up on your business.”

- Lucas Walls

In this Episode:

-How Sam and Lucas are modeling their new business and their organizational enterprise after Warren Buffett's business model

-Current businesses owned by Sam and Lucas and how those businesses are doing

-What new company are Sam and Lucas planning to launch in 2023?

-Random Thought of the Day: Favorite holiday

And more!

Connect with Sam and Lucas:

Accelerate Your Wealth with Multi-Family Properties | EP. 31 Nov 02, 2022

Show notes

Many people investing in real estate usually start with one or two single-family homes. Then, as they grow their portfolio, they look at other asset classes like multi-family homes or apartment complexes. There are several benefits to investing in multi-family properties, one of which is that it is a faster way to accelerate your wealth. It is also easier to structure and monitor your deals vs. buying multiple single properties.

In today's episode, Sam and Lucas discuss why they like investing in multi-family properties and how they structure their deals. They currently have over 120 doors, generating a steady cash flow from rent. The market value for those properties has also increased over time. Find out how you can do the same in this episode of Faster Freedom with Sam and Lucas.

“Everybody creates wealth by owning assets, and if you wanna accelerate that, you just buy more assets.”

- Sam Primm

“If you wanna go enjoy your life, like a lifestyle business—go sit on the beach, go travel the world—I feel like apartments is the way to go.”

- Lucas Walls

In this Episode:

-How to buy multi-family housing

-How to structure your deals

-How to build relationships with lenders

-Improving the properties to increase their value

-Let's look at some numbers

-Random Thought of the Day: Top 10 NBA draft

And more!

Connect with Sam and Lucas:

Neighborhood Take-Over: How to Buy 42 Houses at Once | EP. 30 Oct 31, 2022

Show notes

Many real estate investors focus on buying single-family homes one at a time, and there's nothing wrong with that. It all depends on your strategy. Sam and Lucas have done some pretty cool deals, like 42M in rentals, apartment complexes, storage deals, and tons of single-family homes. But if you want to accelerate your growth, purchasing piles of homes or whole neighborhoods is an excellent strategy. Are you interested to know how to do it?

In today's episode, Sam and Lucas discuss their favorite deal–buying 42 houses in a neighborhood of about 90 homes. So they own half of the neighborhood.

Listen up and find out how they found the deal, where they got the funds, and what they plan to do with these homes.

“When I say we bought a neighborhood, that's not quite accurate, but we own half of the neighborhood, so it’s a pretty good number.”

- Sam Primm

“On any large purchase like this, the bank is going to want to get an appraisal to make sure they're in a good position when they lend the money.”

- Lucas Walls

In this Episode:

-How did Sam and Lucas find the deal?

-How do you finance a deal like this?

-Let's look at the numbers and future plans for the neighborhood

-Random Thought of the Day: Halloween candy

And more!

Connect with Sam and Lucas:

How to Delegate and Trust Your Team | EP. 29 Oct 26, 2022

Show notes

If you want to grow your business, you need to delegate some tasks to other people. Now, that might be hard, especially if you think you're the only one who can do things right. But believe it or not, some people are better at being an operator than you could ever be. The only question is, where do you find such people, and how do you know you can trust them?

In today's episode, Sam and Lucas talk about the three main wealth-producing businesses they co-own and how they have hired people to run the show. So, these companies, a real estate investing company, an education company, and a rental/property management company, are currently operated and managed by three people within the same circle as Sam and Lucas. One of the biggest challenges of relinquishing control of some parts of your business is knowing whether or not you can trust the person who will take the reins from you. So, if you want to know how to free up some of your time so you can focus on creating a bigger vision for your business, tune in and learn from Sam and Lucas.

“If you wanna grow companies and create multiple companies, you're gonna have to eventually let go of the rope. You're gonna have to let go of the power and control and let somebody else run it for you.”

- Sam Primm

“Eventually, if you want your business to grow and have an amazing business, you're gonna have to let go of control of certain parts of the business.”

- Lucas Walls

In this Episode:

-How Sam and Lucas structured their companies and how they hired the people who run them

-FasterHouse - 300 houses - Phil Blackwood

-FasterFreedom - 2 million followers, 800 students, 175M owned - Matt Sieb

-MWPG - 42M owned - Richard Frock

-Random Thought of the Day: X and Y in Algebra and not English

And more!

Resources:

-Traction: Get A Grip On Your Business by Gino Wickman - https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837

Connect with Sam and Lucas: