The Rich Somers Report

Rich Somers

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers

  1. 1D AGO

    “The Truth About Money: 11 Myths That Keep You Poor” | Dana Cornell E476

    Dana Cornell created a Wealth Diagnostic that shows high earners where the system is quietly draining their wealth and how to fix it before it costs them millions. wealthfreedomscorecard.com/richsomers Most people think making more money is the goal—but without the right structure, more income just means bigger leaks. Rich sits down with Dana Cornell to break down the biggest money myths keeping entrepreneurs stuck—even at high income levels. From managing $1.4B at Morgan Stanley to walking away and building his own firm, Dana shares what actually separates people who look wealthy from those who are truly financially free. They unpack why net worth can give a false sense of security, how most high earners are just employees in their own business, and why selling a company doesn’t automatically make you rich. The conversation also dives deep into tax strategy, the difference between CPAs and true tax strategists, and why the IRS might be your biggest “business partner” if you don’t understand how to play the game. Rich and Dana also break down the concept of building a “family office mindset”—coordinating advisors, creating structure, and focusing on cash flow over vanity metrics. Because at the end of the day, income might make you rich—but structure is what keeps you wealthy. If you’re making money but not keeping it—or you’re trying to turn income into real financial freedom—this episode is a must-listen.

    39 min
  2. FEB 28

    He Lost $4.2 Million in 2008 — Then Rebuilt Everything Through Real Estate | Joel Kraut E469

    *Joel built a BRRRR training with Brad Lea (Lightspeed) and are giving our listeners a major discount . Grab it here: training.brrrrmasters.com They also created a FREE private Skool community where they share real deal breakdowns, step-by-step strategies, tools, templates + live Q&A. If you want to actually take action 👇 Join free: https://www.skool.com/brrrr-masters-9328/about Most people don’t lose because they lack ability—they lose because they never stay consistent long enough to see results. Rich sits down with Joel Kraut for a practical conversation on what it actually takes to build momentum in business when progress feels slow. Joel breaks down why patience is a competitive advantage, how small, consistent actions compound over time, and why chasing quick wins often leads to burnout. The discussion dives into discipline, focus, and why simplifying your approach creates better outcomes than constantly changing direction. Joel shares how to build systems that support consistency, how to manage expectations during the early stages, and why long-term thinking separates those who scale from those who stall. Rich and Joel also unpack mindset, environment, and the importance of staying committed when results aren’t immediate. From building confidence through repetition to trusting the process, this episode connects daily execution to long-term success. This is a grounded, no-hype conversation for anyone looking to stay consistent, build momentum, and win by playing the long game.

    1 hr
5
out of 5
1,021 Ratings

About

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers

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