Building Wealth One House at a Time with John Schaub – Episode 85

Building Wealth One House at a Time with John Schaub – Episode 85

Ken talks real estate with John Schaub, a real estate guru. Listen as they share tips and insights on investing, taking risks, and building wealth with real estate. Stay tuned and enjoy!


Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode

 

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Show Notes

  • John’s background and why he loves real estate – 2:36
  • Being an investor – 4:04
  • Buying properties that he did not like – 4:30
  • Property problems – 6:46
  • A very important way to build wealth – 7:34
  • Being a landlord – 9:42
  • John’s seminars and workshops – 13:08
  • Is there no cash flow in California? – 15:26
  • Is it time to buy or sell? – 16:04
  • Once you buy the first house, the second one is easy – 16:48
  • Some people start with no money at all – 18:17
  • What is so powerful about real estate? – 19:14
  • Talking about Peter’s book – 22:39
  • Ten ways to increase your cash flow today – 23:07
  • You have to take some risks – 24:27
  • Flipping is not investing – 28:44
  • Getting into the flipping game? – 30:09
  • John’s website and next event – 31:16


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Why You Should Be Careful With Financial Entertainers

Why You Should Be Careful With Financial Entertainers

I’ve always enjoyed listening to different financial entertainers on a variety of radio and TV shows. They bring us some great ideas (and bad ones) that cause me to think more about certain financial scenarios for my family and clients. I like hearing different perspectives and am always open to ideas that can help us improve our current financial strategies.

However, we must be careful. They can have a huge influence on our behavior. That’s why companies spend a lot of money on commercials. These shows in many ways are one big ad for Wall Street. Their number one job is to entertain and get people to keep listening and watching their shows. When entertainers are giving universal advice and are adamant on their positions, it can cause a lot of harm to people. They are entertainers, not financial specialists.

Watch this YouTube clip from a financial entertainer in March 2008. 

He was adamant about not selling Bear Stearns stock (BSC) when it was at $62/share. Five days later, the stock was bailed out at $2/share by JPMorgan Chase. That is a 97% correction! If an investor had the equivalent of $100,000 in BSC and decided not to sell after watching the show and held on, the same investor had $3,226 one week later.

The takeaway: listen and learn, but then consult with your specialist to make sure it fits your financial strategy.

Use Caution with Financial Entertainers – Episode 84

Use Caution with Financial Entertainers – Episode 84

Ken and Tammi discuss the importance of having a financial mentor, dive into some financial strategies, whole life insurance, term insurance, and Ken’s focus strategy: The Bankosaurus®. Stay tuned and learn more about finances!


Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help others become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode

Book a meeting with Ken

  • If you liked what you’ve heard and would like a one-on-one meeting with the Engineer Of Finance click here


Show Notes

  • Ken shares a client’s story – 2:31
  • His goal: educate with different ideas and concepts – 3:01
  • Life insurance products – 4:15
  • Credit protection mechanisms – 4:50
  • Term life insurance as a very powerful product – 6:03
  • Credit cards: a bad product? – 6:14
  • Ask your financial advisor first – 8:42
  • Understanding the financial strategies that the advisor gives – 10:47
  • Credit cards and whole life insurance – 11:44
  • Do you have enough money for retirement? – 14:55
  • Powerful strategies: Term Insurance and Bankosaurus® – 15:22
  • A financial entertainer – 15:40
  • Sit and listen to people – 17:30


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Cutting Up Your Credit Cards? – Episode 83

Cutting Up Your Credit Cards? – Episode 83

Do not cut up your credit cards, as that could affect your credit score. Ken Greene shares his insights about credit cards, along with his awesome co-host, Tammi Brannan. They also talk about what to do if you have credit card debt, stay tuned and enjoy!

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help others become financially independent and earn better yields with less risk by investing Off Wall Street.


Links and Resources from this Episode


Show Notes
  • Going deep into the credit card world – 6:19
  • Having credit card debt – 7:07
  • Credit card companies – 8:30
  • Are credit cards dangerous? – 10:40
  • Cutting off your credit cards a good idea? – 15:09
  • Getting trapped by the credit card company – 16:38
  • Do not cut up your credit cards! – 19:07
  • Credit cards are powerful and valuable – 21:53
  • If you struggle with credit cards, do not use them – 25:30 

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Make sure you’re subscribed to the podcast so you get the latest episodes.