YoPro Wealth

How to Build True & Massive Wealth

Archives for January 2014

013: Bring Your Bliss, Become A Millionaire with Ann Wilson Part 2

By Austin Netzley

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Become a Millionaire Young Professional Ann Wilson Part 2

Check out episode 013 in iTunes!

 

This is Part 2 of my interview with The Wealth Chef, Ann Wilson. You can check out Part 1 here.

The recipe for wealth and success is quite simple at the end of the day… And Ann Wilson provides us with that recipe.

ann wilson millionaire

This is one of my favorite interviews to date because we talk so much about the philosophy and foundations of how to achieve massive wealth.

She talks so much about how to be present, positive, and flexible. I know that you’ll learn even more in this part of the podcast with Ann.

In This Podcast, You’ll Learn:

  • Why and how you can change careers at any time.
  • How to avoid the golden handcuffs.
  • Why successful investing should be boring.
  • How to live a great life while building wealth.
  • Her journey from debt to multi-millionaire.
  • What your greatest asset is.
  • The recipes for wealth.
  • How to make passive income with investing.
  • Why you need to share your skills.
  • And much more! [Read more…]

012: Bring Your Bliss, Become A Millionaire with Ann Wilson

By Austin Netzley

Podcast: Play in new window | Download

Ann Wilson Bring Your Bliss Part 1

Check out episode 012 in iTunes!

 

The recipe for wealth and success is quite simple at the end of the day… And Ann Wilson, The Wealth Chef, provides us with that recipe.

Ann is a self-made multi-millionaire. In her days, she has “kissed a lot of financial frogs that didn’t turn out to be princes,” but she ultimately found her way to success. Now, she shares her great wisdom with the world as The Wealth Chef.

ann wilson millionaireThis is one of my favorite episodes to date because we talk so much about the philosophy and foundations of how to achieve massive wealth. Ann provides a lot of great insight on things in regards to investing, passive income and finding your dream career, all while still living an amazing lifestyle.

In This Podcast, You’ll Learn:

  • Why and how you can change careers at any time.
  • How to avoid the golden handcuffs.
  • Why successful investing should be boring.
  • How to live a great life while building wealth.
  • Her journey from debt to multi-millionaire.
  • What your greatest asset is.
  • The recipes for wealth.
  • How to make passive income with investing.
  • Why you need to share your skills.
  • And much more! [Read more…]

011: Making Smarter Financial Decisions with Anton Ivanov

By Austin Netzley

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Anton Ivanov YoPro Wealth

iTunes Podcast YoPro WealthCheck out episode 011 in iTunes!

 

What problem do you see in the world that drives you a little nuts? Anton Ivanov saw something that irked him a little bit, and decided to do something about it. While serving in the Navy, Anton was busy building up his wealth while he saw many people around him taking bad money advice, or just doing enough to remain stagnant financially. And this wasn’t good enough for him. anton ivanovSo, he built up his financial acumen and nest egg enough to be able to take the leap and start his own businesses to help people with these problems.

Now, Anton runs Fortnoff Financial and DreamsCashTrue.com, with the goal to help people make smarter financial decisions. He is self-taught, much like I am, and shows that you can do the same if you truly want to! Anton came on YoPro Wealth to share his great insight.

In This Podcast, You’ll Learn:

  • Why you should start your own business sooner rather than later.
  • How everything comes from within.
  • Why you need tangible goals.
  • The power of the law of attraction.
  • The kind of lifestyle that will make you wealthy.
  • What you need to do to take investing to the next level.
  • The progression of wealth.
  • And much more!

Definition of Wealth:

  • Wealth is the ability to live and prosper without having an income source. What it means is that you can quit your job, and you’d still be able to continue your life with the passive income.

Recommended Book:

Best Piece of Financial Advice:

  • Spend your money buying assets instead of spending it on useless expenses or getting into debt.

Action In Next 7 Days:

  • Use Mint.com and PersonalCapital.com. These will give you a full overview of your finances. If you can capture your net worth and focus on growing it year after year, you’ll be doing well.

Connect with Anton:

Anton shares how he handles his investments, which I really like. A large portion of his portfolio is conservative, using low cost index funds. The rest is more active, which he uses his system to trade individual stocks. He seems to do a great job of diversifying the industries, asset classes, and levels of risk. This is key to long term investing success. In addition, Anton talked briefly about goals, and the power of belief of those goals. 2014 will be your best year yet if you create goals like Anton mentioned: ambitious, tangible, time bound and easy to track.

Action Items:

  • Create the goals of 2014 that will create your best life yet.
  • Check out Anton’s websites, and follow him for some great information!

Tax Tips for Young Professionals with Josh Bauerle

By Austin Netzley

Tax Tips YoPro Wealth Young Professional

The single largest expense that you will have throughout your lifetime is… taxes.

It is more than your bar bill. More than your mortgage or rent. More than healthcare. (Hint: this is important stuff!)

The wealthy understand that taxes are their biggest expense, and they know how to (or have someone) reduce the amount of their taxes to the lowest amount possible.

Taxes, for most of us, are not an interesting subject. They’re something that we avoid at all costs – until a week before April 15th. But for Josh Bauerle, this is intriguing and interesting stuff. I was able to chat with Josh about some tips on taxes so that we can minimize our taxes and maximize the amount of money that we can keep.

Josh is a financial planner and owner of JDB Business Solutions – a firm focused on tax planning, tax preparation, and accounting services. He has a background in investing and personal finance, so we cover several great questions on money, wealth, investing, and of course, taxes.

Some things that you’ll learn in this video:

  • What young professionals need to do right now to get headed on a path towards wealth.
  • How you should handle your investments.
  • Different ways to have tax-advantaged investments.
  • General tax tips.
  • And one of the secrets of the wealthy (hint #2: entrepreneurship).

Taxes are absolutely vital to a complete wealth plan. If you can better understand the basics of how taxes impact you, and learn to minimize them throughout your career, you will be substantially more wealthy than just discounting them.

Path Forward:

  • Connect with Josh here.
  • Implement all that Josh shares to save on taxes and build massive wealth!

010: Delete Debt & Becoming Financially Free with Steve Stewart

By Austin Netzley

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Steve Stewart YoPro

Check out episode 010 in iTunes!

 

Nearly 80% of households under the age of 35 are carrying debt. Nearly 80%!

That is crazy. You cannot be financially free if you have debt. So, to help us learn how to get out of it, we brought in The Money Plan SOS host, Steve Stewart.

Steve is someone who had a lot of debt himself. He got out of debt and doubled his net worth in a few short years, and now spends a lot of his time sharing his insights and his story so that others can do the same. If you have any debt, Steve’s messages shared in this podcast will help you get out of the hole and headed towards becoming financially free.

Steve Stewart Money Plan SOSIn This Podcast, You’ll Learn:

  • How to create a debt elimination strategy.
  • Why you should “pay attention, not interest.”
  • The first step to becoming financially free.
  • Why Steve is excited for Gen Y and Millenials.
  • How to approach debt.
  • How to invest for retirement.
  • The difference between 401k, Roth IRA and traditional IRAs.
  • And much more!

Definition of Wealth:

  • Being able to do the things you want to without having to worry about the money.

Recommended Book:

Best Piece of Financial Advice:

  • Stay out of debt. “It is easier to swim to paradise with your head above water and not have to have the added weight of debt around your neck.”

Action In Next 7 Days:

  • Get out of debt and stay out of debt. Simple enough. Do not strap yourself down with debt.

Connect with Steve:

I love one quote that Steve shares – “The mindset of true wealth gives every dollar a purpose.” If you have a purpose for every dollar, you don’t waste it on the useless, exorbitant items. Whether it be getting out of debt, creating financial freedom, or living your dream lifestyle, every dollar should have a purpose.

Action Items:

  • If you have any debt, put all of your focus into paying it off in 2014. Start here. Once out of debt, you can create financial freedom, but not before then.
  • If you’re not already, put 15% or more of your income away for retirement using Roth and traditional IRAs, as well as the 401k that Steve discussed. It will pay off big time.

 

 

Note, as with all information provided on YoPro Wealth, all financial advice is for informational purposes only. You should consult your financial professional before taking any action.

Investing 101

By Austin Netzley

 

Sign up for Investing 101 today for free!




 

009: Investing & Entrepreneurial Success with Erez Katz

By Austin Netzley

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erez katz investing

Episode 009 in iTunes: Erez Katz

 

Erez Katz has successfully started and sold a few businesses. Now, he is in his most exciting journey yet, with Lucena Research.

Erez discusses a lot about his entrepreneurial journey, and how it is harder than many expect. Among the many stories of successes, there are many financial failures that you do not hear about.

erez katz photoWe also dive deeper into his experience and advice for investors. Lucena Research has created machine learning technology that helps you take the emotions out of investing. Erez shares some great wisdom on how to succeed as an investor, and also as an entrepreneur.

In This Podcast, You’ll Learn:

  • How to start a software business.
  • The true test to see if an idea really sticks.
  • Why the Lean Startup method is not always applicable.
  • What traits make for a good CEO.
  • The key differentiators between successful and unsuccessful entrepreneurs.
  • Fear and greed, and the effect of human behavior.
  • Why you need to take emotion out of investing.
  • The strong movement of entrepreneurship.
  • And much more!

Definition of Wealth:

  • When I was coming out of college it was $35,000 per year. But that was not enough. More wasn’t enough either. It’s not really about money. For me wealth is about not worrying about the day to day expenses. It is about having the ability to follow your passion and build that financial independence that can serve you and your family for years to come.

Recommended Book:

Best Piece of Financial Advice:

  • It is not a sprint, it is a marathon. Try to find ways to build your wealth one step at a time, and not “break the bank” in one shot.

Connect with Erez:

Erez ends with the question, “If I were on my deathbed, what would I say?”

That is a powerful question, and we should all truly think about how we’d answer it. Erez does not hold back, and says that he would NOT say that he wished he had worked harder. For a serial entrepreneur, working hard is in his DNA. But it goes to show you that it is not all about money. Although money is our main focus, we are sure to bring up the other aspects of wealth – time, family, experiences, freedom, etc. And I think that Erez’s comments reflect these things to also be a part of the equation.

Action Items:

  • Answer this question: if you were on your deathbed, what would you say? Would you have any regrets? What would you change?
    • If there was anything you would change, do it now. Don’t delay.
  • If you are interested in investing, check out Lucena Research and their great tools and technology for traders.

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