Rigs to Real Estate Collin Placke

This week's episode is a recast of a great conversation with JP Warren on the Round the Rotary Podcast. We talked about finding your why and relentlessly pursuing your passions while avoiding analysis paralysis. 

In this episode I explain how I am immensely grateful for the year 2020 despite several major setbacks. Even if you had a truly terrible year, I list three things you can be grateful for that should get you excited about the future. 

Todays episode will focus on the difference between financial freedom and financial independence. The two terms are often used interchangeably, but in reality there is a stark difference between the two. Use this episode to start mapping out milestones on your path to financial freedom!

This week I chat with Michael Brady who is the Executive Vice President of Madison 1031, a national Qualified Intermediary for tax-deferred Exchanges. Michael's responsibilities include consulting with clients and their advisors to provide guidance on the regulations affecting §1031 Exchanges.

We tackle the big questions of what is a 1031 exchange, who qualifies to take advantage of it, and how investors can utilize a 1031 to defer capital gains taxes on their real estate investments.

Best selling author and outspoken economist Harry Dent joins me on the show to talk about what he sees as possibly the biggest bubble in our lifetimes about to burst.

Harry explains his unique method for studying economics, and warns of a bubble that has been building for over a decade. All of his leading indicators are calling for a dramatic downturn, and he gives advice on how to prepare your investments for the storms ahead. 

In this episode, I lay out several examples of how we're utilizing emerging technology to outperform the competition in the notoriously low-tech real estate industry. The point of this episode isn't to brag about our success... The underlying lesson in this: fortunes are won or lost based on the ability to find creative solutions to simple problems. Learn to do this well and success will follow.