Breakaway Wealth Podcast CreateTailwind

In this episode, Jim Oliver and Ken Freeman discuss various investment strategies and the importance of financial education. They highlight the pitfalls of common investment advice and emphasize the need for a personalized approach based on income levels. They also explore the concepts of velocity and volume in wealth building and the benefits of functional education.Jim and Nick explore the meaning and impact of true education. The conversation concludes with a discussion on financial independence and the value of learning from credible sources.
3 Key Takeaways:
Personalize Your Investment Strategies: Your income level should determine your investment approach. Learn to tailor your strategy to get optimal results. 
Velocity and Volume: Smart investors prioritize velocity and volume to get returns and cash flow.
Building Your System: Learning how to build something is different than building it yourself - and that difference is the key to meaningful knowledge.
Remember to tailor your investment strategies, prioritize velocity and volume in wealth building, and seek credible sources for your financial education. 
Stay tuned for more valuable insights on achieving financial independence and building lasting wealth.

In this conversation, Jim Oliver and Nick Kosko discuss the importance of stretching one's vision and mindset. Quitting guarantees failure and that there is no scenario in which quitting leads to success. Our two hosts draw inspiration from JD Rockefeller, who grew up poor but had a vision of becoming the richest man in the world. 
3 Key Takeaways:
Quitting guarantees failure: Using analogies from boxing, football, and literature, Oliver and Kosko drive home the point that quitting always results in loss, regardless of the context.
Vision and mindset are paramount: Inspired by the story of JD Rockefeller, who envisioned himself as the world's wealthiest man despite humble beginnings, the hosts stress the significance of having a clear vision and unwavering commitment to it.
The power of progress and motivation: Jim and Nick underscore the need to continuously make progress towards one's vision while staying motivated, despite inevitable obstacles and setbacks.
The episode concludes with a reminder that it’s how you think that makes the difference. Learn to cultivate a mindset of growth and resilience, take on challenges as opportunities to get to where you want to go!

In this episode of Breakaway Wealth, Joel Friedland, an industrial real estate broker and syndicator, discusses the unique aspects of industrial real estate and its connection to the trucking industry. He explains the benefits of all-cash deals and the importance of avoiding excessive debt.
3 Key Takeaways:
Industrial Real Estate Defined: Industrial buildings are distinguished by their loading docks, catering to manufacturing and distribution businesses. Unlike retail or office spaces, industrial properties are essential for various industries but often go unnoticed by the general public.
Immunity to Economic Cycles: Friedland explains how industrial real estate, intertwined with the trucking industry, exhibits resilience to economic downturns. The constant demand for warehouse space, driven by e-commerce and manufacturing, ensures stability even during uncertain times.
Investment Strategy: Friedland's unique investment approach involves syndication and focuses on all-cash deals with zero debt. By avoiding leverage, he aims to prioritize cash flow and long-term wealth preservation for both himself and his investors.
From uncovering the nuances of market trends to deciphering the strategies that lead to sustainable growth, Joel has provided us with a wealth of knowledge to ponder and apply in our own investment journey.

In this episode of Breakaway Wealth, Jim has a candid conversation with Bryan Sallmen. From battling personal demons to building a successful business empire, Bryan shares his journey from the depths of addiction to the heights of success. Bryan's story is one of triumph over adversity.
3 Key Takeaways:
Overcoming Adversity: Bryan's journey is a testament to the power of resilience. Despite facing a lot of challenges, including the loss of his mother and full out addiction, Bryan persevered and turned his life around.
Value-Based Selling: Bryan shares his approach to sales that catapulted him to success. By focusing on the customer's needs and delivering exceptional service, Bryan changed his life and business.
Living Authentically: Being an "open book" highlights the importance of honesty and transparency in both personal and professional life. 
This episode offers valuable insights into the power of resilience, the art of salesmanship, and the importance of living authentically. Join Jim and Bryan as they explore the keys to success and fulfillment in life and business.
Remember, success often lies not in the absence of challenges, but in the courage to face them head-on.

In this episode of Breakaway Wealth, Jim Oliver engages in a conversation with Brett Snodgrass, a seasoned real estate investor. Snodgrass shares insights into his journey, from being a teacher's son in Indiana to becoming a successful business owner in the real estate industry.
The episode focuses on strategies like seller financing and creative financing, revealing opportunities for listeners in the current market.
3 Key Takeaways:
‘Subject To’ Deals Demystified: Explore the concept of "Subject To" deals, where the focus is not only on the financial gains but also on serving individuals facing challenges. Brett sheds light on how these deals can be a win-win for both investors and distressed homeowners.
Impact of Faith in Business: The conversation explores Snodgrass's journey of integrating faith into his business practices. He highlights the importance of humility, putting others first, and making decisions with integrity. This unique approach has contributed to the success of his real estate ventures.
Seller Financing Game Changer: Snodgrass introduces the concept of seller financing on the buying end, showcasing its potential as a game-changer. He discusses a scenario where charging higher interest rates than the prevailing market rates results in a significant long-term financial advantage.
Brett's journey from being a teacher's son to a successful real estate entrepreneur serves as inspiration for anyone looking to break away from the ordinary and explore new avenues of wealth creation.
His emphasis on humility, putting others first, and making business decisions with integrity adds a unique dimension to his success.
Question: We've explored creative financing and the impact of faith in real estate with Brett Snodgrass. What's the most creative strategy or principle you've applied in your real estate journey, and how did it shape your success?

In this episode, Jim Oliver and Nick Kosko discuss the concept of volume negating luck and how taking consistent action leads to success. They emphasize the importance of learning from failures, adapting to challenges, and not being afraid to fail. They also highlight the power of visualization, persistence, and enjoying the journey.
3 Key Takeaways:
Consistent Action and Embracing Failure Lead to Success: Success is achieved through persistent effort over time, coupled with an acceptance of failure as a natural part of the learning process. By taking consistent action and learning from setbacks, individuals can progress towards their goals.
Adaptability and Enjoying the Process are Crucial for Growth: Adapting to challenges and maintaining a positive outlook are essential for personal and professional development. By embracing change and finding fulfillment in the journey, individuals can navigate obstacles more effectively and continue to grow.
Overcoming Excuses and Taking Proactive Steps: Visualization, persistence, and overcoming excuses are vital components of goal achievement. By visualizing success, persistently pursuing objectives, and taking proactive steps despite challenges, individuals can overcome obstacles and realize their aspirations.
This episode underscores the importance of a proactive and resilient mindset in navigating the journey towards success, both in business and in life.
Chapters:
00:00 Introduction and Golf Banter
01:13 Volume Negates Luck
04:20 Taking Action and Embracing Failure
05:01 Consistency and Finding What Works
06:24 Learning from Mistakes and Iterating
08:01 Volume Negates Skill
09:11 Comparisons and Excuses
11:12 Learning from Failures and Successes
13:05 Forgiving Mistakes and Moving Forward
14:06 Overcoming Excuses and Time Constraints
18:02 Adapting and Improvising