Today, we'll be discussing an essential aspect of finance — understanding financial economics.
In today's episode, Mr. Boring Money shares his personal journey and how he initially needed to understand the significance of having an operating entity and consistently deploying capital.
He explains how getting paid to learn the game is incredibly valuable and how it can help establish a history with the bank. By setting up an LLC and starting with a high-income job, newbie investors can put funds into their entity and negotiate better terms when applying for funding.
Mr. Boring Money also emphasizes the importance of reducing liability by funding through a business instead of self-funding with a personal loan.
Tune in to learn more about how to take your investments to the next level. See you on the inside!
Episode highlights:
00:00 Welcome to The Boring Money Show
01:30 Real estate industry offers some of the most remarkable financing alternatives
03:25 What is the proper way to structure the leverage that you acquire?
05:09 How to spot a good potential lender who will help to build your portfolio
06:22 You don't want to invest what you can’t afford to lose
07:29 If you had the opportunity to begin again, what choices would you make
09:43 Getting paid to learn the game
11:23 A path to building a more substantial business portfolio with excellent financing terms
If you enjoyed this episode, be sure to subscribe, tune in and share this podcast.
Resources:
○ The Boring Money ROI Cash Flow Calculator: https://www.mrboringmoney.com/cashflowcalculator
○ Visit The Boring Money Show website:
www.mrboringmoney.com
○ "The Debt Millionaire”: https://www.amazon.com/Debt-Millionaire-people-never-wealth/dp/0982704542
Subscribe:
○ Subscribe on YouTube: https://www.youtube.com/channel/UCFLP5xWwzkX11g7xFDpUFLg
Connect with Mr. Boring Money:
○ Follow us on Facebook: https://www.facebook.com/mrboringmoney
○ Follow us on Instagram: https://www.instagram.com/mrboringmoney/
○ Follow us on TikTok: https://www.tiktok.com/@mr_boring_money
○ Send your enquiries or drop by to say hello: iggy@mrboringmoney.com
○ Join The Boring Money Show community on U-Lync: https://www.u-lync.com/members/9885368
And remember… Stay calm, print money and live life on your terms.
DISCLAIMER:
All information I share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!