The Investor Mindset - Name Your Number Show [$]

Latest Episodes:

E341: Creating Your Advantage In Business - Shaahin Cheyene Jan 10, 2023

Show notes

Financial success was quickly found for our guest today when he created the herbal replacement for Ecstasy. Shaahin became financially independent very quickly but he also realized that you just can’t play by the rules of others and hope for success. Join Steven and Shaahin as they discuss being an operator as opposed to an investor, finding your niche, tough love, and the importance of having multiple income streams.

Key Takeaways

Everybody wants you to believe that if you just play by the rules, you do what you're told, that at the end of the day you will have security but that only benefits the big corporations, not you.
If you want to be successful you have to figure out a way to have an unfair advantage to excel.
By having diversification, you can be in a much stronger place if one of your businesses or investments no longer is creating income.
As an operator you are taking a more hands on approach and have the ability to generate greater returns, whereas as an investor, you are hands off, putting your trust in those relationships you developed to garner the passive income.
The real value is in the multiple of your EBITA that you're going to get at the time of an exit.
Become a lifestyle architect, where you design your life in a way where you can have access to the freedom you want and part of that is having more passive streams of income.
There's a reason that you're not succeeding at the top level. Either you have not put in enough time and effort and tried enough times, or you haven't received the feedback that this is not the right path for you.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

About our Guest:

During the Iranian Revolution of 1978, Shahin Cheyene’s family had to escape to survive and ended up finally migrating to Los Angeles, Ca . At 15 years old Shaahin left home with nothing but the clothes on his back and created over a BILLION dollars in revenue by inventing the legendary smart drug known as HERBAL ECSTACY. These childhood experiences had a major impact on his perspective of freedom, hard work and entrepreneurship. Later Shaahin went on to invent Digital Vaporization (the forerunner to today’s vapes) and start a number of successful businesses with a couple notable failures. Today, he is the Founder and CEO of Accelerated Intelligence, Inc. a major Amazon FBA seller with millions in sales, the lead coach at Amazon Mastery where he teaches entrepreneurs how to CRUSH IT! on the Amazon platform and an active YouTube creator.

Shaahin is considered one of the leading global minds on what’s next in e-commerce, Amazon and the internet. He is described as the “Willy Wonka Of Generation X” by the London Observer and Newsweek and is one of the most forward thinkers in business – with his Amazon Mastery Course he acutely recognizes trends and patterns early on the Amazon platform to help others understand how these shifts impact markets and consumer behavior.

Billion: https://www.shaahincheyenne.com/billion-how-i-became-king-of-the-thrill-pill-cult

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E340: Move Past One Source Income - David Vernick Jan 03, 2023

Show notes

Do you rely on just one source of income to help you live your lifestyle. For most this is not practical in order to live the freedom and lifestyle they want. This was the realization that David Vernich had as he ventured into real estate. Join Steven and David as they discuss the role he took on when investing, becoming financially independent to allow yourself to not live in a place of fear to do what you want to do, and the different vehicles investors can take to get to the same result.

Key Takeaways

A big driver for passive investing is not to have all your money coming from one source.
Find people that are knowledgeable, you can trust, build a relationship with and start investing together.
Utilize your strengths to mutually benefit. Do what you are good at and let them do what they are good at.
There's a level of self ownership and confidence that comes along with knowing that you can make decisions not from a place of fear, but confidence when this passive income is coming in.
Coming to terms with the fact that there is good debt and bad debt will help you alleviate fears of passive investing.
Like the stock market, sell properties that have appreciated and deploy that capital into a different market in real estate.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

About our Guest:

David Vernich is a commercial lender with more than three decades of experience in the banking industry. In 2007, he partnered with other investors to purchase real estate and began his journey to generate passive income. David now owns more than one hundred homes in Tennessee and is passionate about helping others reap the benefits of passive income in their lives.

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E339: Passive & Semi-Passive Investing: Which is Right For You? - Amber and Glenn Schworm Dec 27, 2022

Show notes

In this episode, Steven is joined by fellow investors, Amber and Glenn Schworm. After getting into real estate investing in an attempt to clear credit card debt, they have gone on to teach others their success formula. Listen in as Steven, Amber and Glenn talk about creating a compelling vision of your future, the security of real estate to reach it, and passive investing through lending.

Key Takeaways

When you look at real estate, on a long enough time horizon, the security is very strong.
Learn that process of flipping houses, because just through the finding process, you'll become such a good investor moving forward, and once you know how to find deals, you can’t help but see them and apply it to larger projects.
You can create a higher return if you're willing to invest that time and be willing to have those interruptions of your life to make those core decisions when managing a property in a semi-passive investment strategy.
To really start to make that change, and start to understand the strategies, you want to get around other people who are doing this actively, and start building your team of advisers that are going to help get you access to the type of deals you want.
When investing make sure that you are going to get a note and a mortgage that's going to be filed with title. Insurance is also a critical piece for protection of your investment.
The worst looking deals are the ones that people are the most hesitant about but that does not mean they cannot be profitable.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

About our Guests:

Amber and Glenn Schworm

We started our career in real estate investing out of sheer desperation. We were in $80K of credit card debt and needed to make large chunks of cash to get out from under it. In 2007 we flipped our first house and made $17,000. On our second flip, we profited $33,000 in 33 days. That’s when we knew we were on to something. We always wanted to help people, so when we proved the model, we set to do just that by offering and teaching our successful formula. We wanted to show other people how to change their lives as we changed ours through Real Estate Investing. We’ve now flipped over 1000 houses and counting.

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E338: Overcome Fear & Reprogram Your Mindset to Invest Confidently with Don Wood, PhD Dec 20, 2022

Show notes

Your hesitancy to make decisions may be part of an emotional concussion, a disturbing event(s) that happened over the course of your life that is keeping you in a perceived safe place so that you are not taking even a calculated risk.
In this episode, Steven is joined by Dr. Don Wood, the creator of the TIPP method that helps you get past trauma and set yourself up for peak performance. Listen as they discuss the best ways to overcome fears that may stop you from exploring investing, how to avoid emotional concussions and learn the ability to start reprogramming yourself to tell a new story for your own financial and personal success.

Key Takeaways

The best way to overcome fears is to make small changes in consequential changes.
Create opportunities to have inconsequential conversations without any fear of committing yourself to anything.
The key is to get to the root cause if you’re finding that there's some sort of a block that you cannot move past.
You do not have to have a big T Trauma to have emotional blockages that are keeping you from moving forward.
Learn to reset that old memory so that it is not being seen in real time and allows you to stay present and make the best decision.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

About our Guest:

Don Wood, Ph.D., is an author, speaker, Founder & CEO of the Inspired Performance Institute, and creator of the patented TIPP method.

TIPP is a cutting-edge method inspired and developed through the newest developments in neuroscience and designed to clear away the effects of disturbing or traumatic events, repurpose old patterns, and set the individual’s mind up for peak performance. In essence, it “REBOOTs” the brain’s stuck thought pattern, making it possible to enhance alpha oscillations with a noninvasive and effective shift in brain wave activity.

He is also the author of two top-selling books, Emotional Concussions and You Must Be Out of Your Mind.

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E337: Living in Faith Over Fear - Steven Pesavento Dec 14, 2022

Show notes

Fear prevents us from taking action. Instead we need to move into a place of faith, of trust. In this episode, Steven discusses that when we live from a state of fear in our life, it prevents us from really being able to connect closely with our loved ones, or be able to be resourceful in the moment, and really be able to take advantage of making the changes that we need to make, in order to live the very best life we can live.

Key Takeaways

When we give into the fear, we end up giving up our control of our own self will and ability to take action by allowing others or the outside world to lead us.
As passive investors, you are in a position where trust is a must. Building that understanding and connection along with your expertise, is the path forward.
We are currently living in the best time in history to invest. Seize the the faith and trust and move out of fear.

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E336: The Power of Depreciation - Steven Pesavento Dec 06, 2022

Show notes

Depreciation typically implies loss but in terms of real estate it actually can become a benefit to you. Steven takes you through the different types of depreciation and how you can use it to your advantage as the year comes to an end and tax season begins.

Please note that these are tips based on experience and you should seek the legal advice of your CPA first to see if you can take advantage of any of the tips shared.

Key Takeaways

Depreciation allows a business or an individual to recover the costs of an investment over a set period of years. So when you're making an investment, you're able to recapture that investment that you made, back as depreciation.
When you're investing in a piece of commercial property, depreciation will show up as a loss of money, however you didn't really lose money as you're able to have that as a write off that reduces your taxable income.
The incentive of not paying taxes upfront, and deferring that to a future date, allows for a greater return, and ends up being a better choice overall.
The practice of “buy until you die” can defer taxes indefinitely, even upon inheritance to your family.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

Join InvestorMindset.com for more!

E335: Make, Multiply, and Manage Money - Steven Pesavento Nov 30, 2022

Show notes

Too often we look at money from a framework of lack. You have to work hard for it and when you want something it feels like you cannot afford it.
In this episode, Stephen is going to take you through the 3Ms of money, Make, Multiply and Manage. As you grow to understand what you can achieve in each of these areas, you will gain the knowledge that the sense of lack can become one of abundance with some effort, persistence and investment in yourself.

Key Takeaways

When the core of your income is tied to a fixed salary or an hourly rate, then you're working for money. That means the money is not working for you.
When you understand how money moves, and how it's created, then you understand where there is the most value and you're able to solve a problem.
One of the biggest mistakes in multiplying your money is focusing all your effort and energy on doing so but with a very small pot of money.
If everything you're focused on is managing money and you don't know how to multiply it or you don't know how to make it, then you're working with a very limited viewpoint and very limited tools.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at

http://www.vonfinch.com/invest

Join InvestorMindset.com for more!

E334: With Purpose Comes Wealth - Steven Pesavento Nov 23, 2022

Show notes

When trying to attract money into your life, one of the beliefs that really comes to the forefront is this idea of having a really strong purpose and mission, a really strong reason why that money needs to flow into your life. In this episode, Steven shares with you his findings while talking to a mentor, uncovering an altruistic reason for wealth, and how a focus on the material side of money can negatively impact your life.

Key Takeaways

When you can have your mission tied directly to both material and altruistic purposes, money will flow through and to you in infinite abundance.
There are bad belief systems about money that impact your ability to clearly define a purpose or mission.
Once you understand what your driving force for money is, then you can figure out how to bring in more of that other side that will help you truly find your purpose.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

Join InvestorMindset.com for more!

E333: Do Your Beliefs About Money Hold You Back? - Steven Pesavento Nov 21, 2022

Show notes

What are the beliefs that you have about money that are not serving you? There are two sets of beliefs about money, one that will anchor you in place and one that will propel you forward. Join Steven as he dives into the mindset of money that people have and how that ends up playing into your financial success or lack of.

Key Takeaways

Having a very clear picture of exactly what that success looks like and by when is an absolutely critical component of the conversation.
Many have the limiting belief that stems from a sense of lack, that money is scarce or you have to work hard for it.
Great things will happen once you have clearly defined your intention both materially and spiritually.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

Join InvestorMindset.com for more!

E332: Rising Opportunities in Today's Market - Steven Pesavento Nov 10, 2022

Show notes

The federal funds rate (the rate at which commercial banks borrow and lend reserves) has been raised recently by 75 basis points. How does that actually influence and impact the decisions of what type of real estate or what type of investments you should be placing your capital into? Today, Steven discusses the impact this has had on the Real Estate Market along with the opportunities that are rising because of it.

Key Takeaways

We're seeing sellers starting to change their prices to meet buyers where they need to be in order to create the type of return that equity is looking for.
From a value add standpoint, if you're looking to find an opportunity that is underpriced or an opportunity that you can force appreciation, then you want to find problems because there's profit in those problems.
In order to overcome the possibility that better opportunities could come in the future, it's extremely important to make sure the deals that you're investing in are truly conservatively underwritten and have the ability to refinance it to get advantage of both short and long term opportunity.
The best investment opportunity with limited funds is to invest in yourself first, in opportunities that are going to create you more earned income so that you can start investing that in passive income.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network. Learn more at http://www.vonfinch.com/invest.

Join InvestorMindset.com for more!

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