Investing

085: Think & Grow Rich – Linda P. Jones

By Austin Netzley

Check out all of the episodes and the new podcast player HERE!

When you ask the wealthy what the secret to their success is…

It often starts with the mindset. Today’s guest, Linda P. Jones, is no different.

Before she was even a teenager, her dad had her read Napoleon Hill’s timeless book, Think & Grow Rich (the first book covered in our book club).

In this episode, Linda shares how she not only started to think rich, but how she really put her money to work in the stock market and built up a fortune.

This is an episode packed with a bunch of great tips on how to build massive wealth, so listen closely!

In this episode, you’ll learn:

How the wealthy move their money from market to market.
The great investment strategy that helped Linda excel in the markets for years.
The cycles the market goes through, and what you should expect.
How to develop an unstoppable mindset.
The best piece of advice Linda ever received, and how it applies to you.
And much, much more.

Contact Linda:

Action Items:

“Anything is possible. Go for your dreams at the fastest speed possible.”
“Take action on one of the dreams that you have. Whether it is a small step – make a phone call, take a class – just take a forward step.” Just take one step this week to where you want to go. One step. You’ll then start to build the momentum. Remember, ‘action is the real measure of intelligence.’

Why People Fail at Flossing and 401ks

By Austin Netzley

[This is a guest post from contributor Kevin Conard of Blooom]

Twice a year I look at the dentist and tell her that I floss. She knows I don’t floss. And I know she knows, I don’t floss. But I stare at her anyway and tell her that I, do indeed, floss.

You see, the dentist and I have this mutual understanding. She knows that I know it’s good for me, I know I should do it, and the plain and simple truth is that it will never happen. She doesn’t press the issue or call me out, she just nods.

So this begs the question, if after knowing all the benefits, why don’t I floss?

Is it too confusing, not really. I can tie my own shoes and start a lawn mower, so this pretty much qualifies me to floss.

Is it scary? Not really.

Is it painful? Not entirely.

Is it time consuming? In the scope of things…no. But I’d have to say this would be my best excuse and one shared by many. After all, we all have emails, texts, kids, bills to pay, soccer practice to race to, a lawn and dogs to take care of…who has time to deal with flossing? And don’t get me started on floss-threaders or water picks.

I would say people fail at 401ks for a lot of the same reasons. For some it’s too scary, too painful, but for most it has to do with time. No one has time for it.

Here’s a quick example, let’s just say you are an “overachiever” (by my standards) and you floss once a day. Let’s say this takes 30 seconds to do. In one year you will spend 3.05 hours flossing. Are you spending 3+ hours a year on your 401k? The answer for most people is a resounding, “No!”

In fact, 57% of 401k participants wish there was an easier way to figure out the right 401k investments.* A well-constructed 401k takes time. And it really is something that should take a lot more time than flossing. If you can’t find time to floss, where are you going to find the time to make sure you are making the right decisions with your 401k? Here’s the nice thing, unlike flossing, you can get someone else to do it for you…and lucky for you, we know where you can get help: blooom. [Read more…]

084: The Way to Wealth – Michael Kitces

By Austin Netzley

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084: The Way to Wealth – Michael Kitces

No matter who you are, or where you’re at in life, there is only one thing you can do…

Improve.

You don’t have to know all of the answers from day 1; you just have to keep moving forward, keep getting better. If you do this, you’ll ultimately find wealth and success.

Nearly all of the YoPro Wealth podcast guests have started off far away from where they are now. Yet, they kept moving forward finding better answers along the way.

Today’s guest, Michael Kitces, is no different. In college, he studied theater, psychology and medicine, but ultimately has ended up as a successful entrepreneur and sought-after expert in the financial planning space.

In this episode, Michael talks about his path, as well as how he’s been successful as an entrepreneur and some financial advice that you don’t want to miss!

In this episode, you’ll learn:

What you need to focus on to build your wealth.
How to ultimately find your way.
The commitment necessary to become a successful entrepreneur.
How to find your purpose and unique skill set.
The mentality you need to have to build an ever-expanding career.
How to weather the storms of the stock market.
The difference between investing and speculating.
And much, much more.

[Read more…]

Protected: The #1 Action to Take in the Next 24 Hours That Will Make You Rich

By Austin Netzley

078: How the Rich Invest – Jonathan Duong

By Austin Netzley

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Check out all of the episodes and the new podcast player HERE!

Do you want to get lucky or be good?…

That is the question. If you want to rely on luck, your wealth likely won’t last. Instead, you should stick to timeless principles that will bring you massive wealth.

In this episode, Jonathan Duong of Wealth Engineers and I discuss how you can build massive and lasting wealth.

You better get your pen and paper out for this episode of YoPro Wealth, because there is a lot of wisdom shared. Enjoy it!

In This Podcast, You’ll Learn:

How the rich set themselves apart from everyone else.
Why you need a practical approach to investing.
The biggest mistakes that most people make.
The first few steps of taking control of your finances.
When to consider if you need a Financial Planner or not.
Jonathan’s favorite books on investing!
The one action you need to take ASAP to get headed towards wealth.
And much, much more.

[Read more…]

077: Overseas Real Estate Investing – Taylor White

By Austin Netzley

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Check out YoPro Wealth in iTunes here!

The decision…

It all starts with that. Just know that wealth is a choice, and you have to make the decision if you’re going to be wealthy or not.

Taylor White made the decision that he was going to combine his passion (traveling) with his work (real estate), and now does overseas real estate investing.

In this episode he shares how exactly he does that. If you have an itch for travel and/or investing in real estate, this episode is for you.

In This Podcast, You’ll Learn:

Why “hope” should not be in your money making strategy.
How to find your dream career.
What the lack of focus makes you do.
The secret to real estate (or any) success.
How an investment is won at the beginning, not the end.
The specifics of a real estate deal, and what you can earn.
Different ways to make money in real estate.
The power of Ready, Fire, Aim.
And much, much more.

[Read more…]

076: The 4 P’s of Building Wealth – Rob Wilson

By Austin Netzley

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Check out all of the episodes and the new podcast player HERE!
All things, big or small, are complex if you let them be. The secret that Rob Wilson and I learned in engineering school is to break that complex problem down into smaller, more manageable chunks. Wealth is no different. In this episode, Rob talks about the simple ways you need to think about making money that will get you in motion towards achieving your financial dreams. [Read more…]

074: Icon Lessons: Rich Dad, Poor Dad (Robert Kiyosaki)

By Austin Netzley

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Check out YoPro Wealth in iTunes here!

Icon Lessons Rich Dad Poor Dad Robert Kiyosaki

I will be doing a series of icon lessons (see others here), highlighting some of the great business and financial leaders of our time. First up on that list is Robert Kiyosaki, and specifically his book Rich Dad, Poor Dad.

Rich Dad, Poor Dad is one of the staple personal finance books, and is a must read for anybody with a middle class mindset. The book was the first to really open my eyes to this world of money that I never knew existed.

Below are 6 key lessons that Robert talks about in the book, and I highlight these lessons in this solo edition of the YoPro Wealth podcast.

1. The Rich Don’t Work for Money

The poor and middle class work for money, while the rich have money work for them.

Poor	Middle Class	Rich
Buy things.	Buys liabilities (they think are assets).	Buy assets.

2. Why Teach Financial Literacy

[Read more…]

073: The Experts on Investing – Austin Netzley

By Austin Netzley

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Check out all of the episodes and the new podcast player HERE!

{Please note that all information on YoProWealth.com is for informational purposes only. See a full disclaimer here.}

The wealthy do something well that the majority of the others do not even do at all…

They invest and put their money to work for them.

How do they do it? Well, in this solo edition of the YoPro Wealth podcast, I share with you the advice from many experts below.

Reserve your spot in the Wealth Webinar series here!

In this podcast episode, you’ll learn:

The best investment you can make, and why.
Why to consider index funds as a great option for you.
The secret to financial freedom.
Why to consider real estate as an investment vehicle.
What dollar cost averaging is.
Why you should love bear markets.
Why saving is key early on!
And much, much more!

Agatha Javellana-Schmidt, Marketing & Business Development Manager, IRA Services Trust Company

Use Self-Directed IRAs (Individual Retirement Accounts) to build retirement wealth by truly diversifying your portfolio. Self-Directed IRAs allow you to invest in alternative assets like real estate including trust deeds (source of passive income), precious metals, private companies, and almost anything and everything you can think of that will make money for your IRA.

Another advantage of the Self-Directed IRA is that it allows you to earn tax-sheltered income – you don’t pay taxes until you withdraw funds from your IRA (as with a Traditional IRA), and if you have a Roth IRA, you don’t pay taxes at all on any investment returns because contributions are post-tax funds. [Read more…]

The Experts on Investing – Part 5

By Austin Netzley

{This is Part 5 of a 5-Part series. Check out the other Parts here. Please note that all information on YoProWealth.com is for informational purposes only. See a full disclaimer here.}

The wealthy do something well that the majority of others do not do so well… they invest.

Investing can be hard, scary, and complex. Many don’t know what to do, nor do many even know where to start.

So, to help you master this touchy subject, I asked a bunch of experts for some helpful investing advice.

Their responses follow.

Grant A. Webster, CFP®, AKT Wealth Advisors LP

The best investment advice I have ever received is to never let emotions lead you to make dumb investment moves.

As a young financial planner and investor, there are many times when the markets have made me feel uncomfortable and nervous-but in reality, the short term bumps in the market are meaningless. Don’t make irrational investment choices like selling when the stock market dips, buying the “hot stock” of the week, or thinking of investments as a “get rich quick” vehicle. [Read more…]

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