61 episodes

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success.
Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life. 
Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

Passive Income Pilots Tait Duryea and Ryan Gibson

    • Business
    • 4.9 • 87 Ratings

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success.
Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life. 
Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

    #60 Cleared for Takeover: Collin Hathaway on the Boomer Business Buyout Boom

    #60 Cleared for Takeover: Collin Hathaway on the Boomer Business Buyout Boom

    Welcome to another episode of Passive Income Pilots! This week, your hosts Tait Duryea and Ryan Gibson are thrilled to bring you an insightful conversation with private equity mogul Collin Hathaway of Skylight Capital, a seasoned entrepreneur specializing in business acquisitions. In this episode Collin shares his journey from buying his first plumbing company in 2008 to building a multi-million-dollar business empire. Discover how pilots can capitalize on the wave of baby boomers retiring and selling their high-cashflow blue-collar businesses. Whether you're looking to invest passively or actively take over a business, this episode is packed with valuable insights and practical advice.

    Timestamped Show Notes
    (00:00) - Introduction and welcome by Tait Duryea and Ryan Gibson.
    (06:00) - Meet Collin Hathaway: Background and journey in business acquisitions.
    (10:39) - Private Equity 101: Breakdown of private equity sectors and leveraged buyouts.
    (14:00) - The Blue-Collar Business Opportunity: Baby boomers retiring and market dynamics.
    (21:53) - Finding and Evaluating Businesses: Resources and initial evaluation tips.
    (25:46) - Conducting Due Diligence: Steps and practical advice on due diligence.
    (33:35) - Financing Your Acquisition: Options including SBA loans and seller financing.
    (37:36) - Day-to-Day Management: Transitioning ownership and managing operations.
    (44:00) - Building a Positive Company Culture: Importance and Collin's approach.
    (49:00) - Interviewing and Hiring Best Practices: Effective interviewing tips and resources.
    (50:57) - Fun Stories and Final Thoughts: Memorable stories and final advice from Collin.

    Referenced Materials
    Who by Geoff Smart
    What You Learn Acquiring 12 Home Service Companies
    From False Starts To $100MM+ in Revenue...TWICE
    Building a Recession Resistant Business
    #59 - The Silver Tsunami: Dwayne Clark on the Future of Senior Living Investments

    ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

    • 53 min
    #59 - The Silver Tsunami: Dwayne Clark on the Future of Senior Living Investments

    #59 - The Silver Tsunami: Dwayne Clark on the Future of Senior Living Investments

    Welcome to another episode of Passive Income Pilots, where we delve into the burgeoning world of assisted living investments. Join hosts Tate Duryea and Ryan Gibson as they discuss the impact of the demographic shift known as the "Silver Tsunami" with Dwayne Clark, founder of Aegis Living. Dwayne shares his extensive experience in building a premier brand in the senior housing industry and provides insights into the challenges and triumphs of caring for the aging population.

    Timestamped Show Notes:

    (00:00) - Introduction by Tate and Ryan, discussing the demographic trends boosting assisted living investments.
    (01:00) - Tate shares a personal story highlighting the immediate relevance of senior care.
    (02:00) - Ryan introduces Dwayne Clark, highlighting his accomplishments and the ethos of Aegis Living.
    (04:00) - Dwayne Clark joins the conversation, detailing his journey from the criminal justice field to senior housing.
    (05:00) - Discussion on the inception of Aegis Living and the challenges of funding and growing a business in senior housing.
    (07:00) - Dwayne reflects on the sacrifices made to establish Aegis Living, including personal financial risks.
    (10:00) - Exploring the demographic changes affecting senior housing and the concept of the "silver tsunami."
    (13:00) - Insights into the supply constraints in senior housing exacerbated by COVID-19 and its impacts on the market.
    (15:00) - Dwayne shares his philosophy on integrating community history and elements into the design of Aegis facilities.
    (17:00) - Detailed explanation of different types of senior living and care options available.
    (20:00) - Discussion on the investment aspects of senior housing and the importance of choosing the right management.
    (24:00) - Dwayne addresses how families can finance senior living through home equity and other means.
    (28:00) - Advice for individuals on how to discuss and plan for aging parents’ future care needs.
    (32:00) - Ryan and Tate reflect on the operational excellence at Aegis Living.
    (35:00) - Dwayne discusses the role of adversity in shaping his career and approach to senior living.
    (38:00) - Closing thoughts on the current economic climate and its effect on the real estate and senior living sectors.

    Resources Mentioned:

    Aegis Living Website: Visit Aegis LivingDwayne Clark's Personal Website: Explore HereDwayne's upcoming book Where's Your Purse: A Guide for Children with Aging Parents details managing aging parent care.
    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment.

    • 39 min
    #58 Tax Tactics: The TOP 5 Ways Pilots Can Save with Toby Mathis

    #58 Tax Tactics: The TOP 5 Ways Pilots Can Save with Toby Mathis

    Welcome back to Passive Income Pilots! In this episode we delve into essential tax strategies tailored specifically for pilots. With the expertise of Toby Mathis from Anderson Advisors, we explore five key ways you can reduce your tax liability effectively. Toby brings his depth of tax knowledge directly to our pilot audience, discussing everything from maximizing deductions to strategic asset management. Additionally, we'll cover an intriguing opportunity for pilots interested in aircraft ownership—how purchasing an airplane can not only serve personal and professional needs but also offer significant tax advantages. If you're looking to navigate the complexities of taxes with ease and make informed decisions that could save you thousands, this episode is your must-listen guide.

    Timestamped Show Notes:

    (00:00) - Introduction to the episode with hosts Tait and Ryan.
    (01:29) - Introduction of the guest, Toby Mathis, and discussion on tax and legal workshops.
    (04:02) - Explanation of tax brackets and progressive tax systems.
    (05:13) - Discussion on aircraft ownership, benefits, and deductions related to taxes.
    (10:24) - Detailed analysis of leasing aircraft and tax implications.
    (17:15) - Strategies for pilots to utilize aircraft ownership for tax advantages.
    (23:46) - Overview of various tax reduction strategies and charitable giving.
    (28:36) - Introduction to tax and legal workshops offered by Toby's firm.
    (32:02) - Five top tax tips for pilots including HSA benefits.
    (44:58) - Discussion on solo 401k benefits and other tax-deferred accounts.
    (53:15) - Conclusion and thanks to guest Toby Mathis.

    Resources Mentioned:

    Tax & Asset Protection Workshop
    Dallas Conference June 27-29
    #10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis
    #14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis

    ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

    • 53 min
    #57 From Handshakes to High Stakes: The Best Ever Blueprint for Building Wealth Through Connections with Joe Fairless

    #57 From Handshakes to High Stakes: The Best Ever Blueprint for Building Wealth Through Connections with Joe Fairless

    Welcome to another thrilling episode of Passive Income Pilots, where we navigate the high-flying world of passive income opportunities. Today, we're joined by Joe Fairless, a titan in real estate investment and co-founder of Ashcroft Capital. Joe is renowned for his groundbreaking "Best Ever" conference, which is exactly where our hosts first crossed paths. In this episode, Joe shares his expert insights on how strategic networking can transform real estate investments into massive wealth. Buckle up as we dive into a conversation that's all about elevating your investment game through powerful connections.

    Timestamped Show Notes:

    (00:00:20) Introduction and overview of the episode.
    (00:04:10) Introduction of Joe Fairless and his background in real estate.
    (00:05:40) Importance of networking in building wealth through real estate connections.
    (00:10:20) Strategies for identifying lucrative real estate opportunities.
    (00:15:30) Value-add strategies and examples of successful projects.
    (00:20:20) Discussion on managing risks and ensuring consistent returns in real estate.
    (00:25:20) Advice for aspiring real estate investors and the importance of education.
    (00:30:10) Insights into future trends and emerging opportunities in real estate.
    (00:40:20) Recap of key takeaways and final thoughts from Joe.

    Resources Mentioned:

    The Best Ever Show
    Best Ever Conference
    Ashcroft Capital
    Ryan's 40th Party Picture


    ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

    • 46 min
    #56 - Black Box Wealth: Earning Passive Income On The Blockchain With PIVX DAO Advisor Hans Koning

    #56 - Black Box Wealth: Earning Passive Income On The Blockchain With PIVX DAO Advisor Hans Koning

    In this thought-provoking episode of Passive Income Pilots, we sit down with blockchain expert Hans Koning to navigate the complexities and opportunities within the blockchain landscape, especially in light of recent global events like the Bitcoin halving and rising geopolitical tensions. Hans shares his profound insights into how these factors influence the digital economy and illustrates practical methods for earning passive income through blockchain technologies such as staking in PIVX. Delve into discussions that not only shed light on the technical mechanics of cryptocurrencies but also explore the crucial role of decentralized autonomous organizations (DAOs) in democratizing capital. This episode provides a deep dive into how blockchain is reshaping financial paradigms by empowering individuals to manage and grow their wealth independently, paving the way for a more trust in a trustless world.

    Timestamped Show Notes:

    (00:00) Welcome and introduction of guest Hans Koning.
    (01:00) Hans’s background in technology and transition into blockchain.
    (02:00) Explanation of blockchain vs. traditional banking systems.
    (06:00) Benefits of Proof of Stake and its impact on energy efficiency.
    (08:00) Introduction to earning passive income through staking in PIVX.
    (10:00) Discussion on the role of DAOs in managing cryptocurrencies like PIVX.
    (15:00) Overview of zero knowledge proofs and their application in enhancing privacy.
    (18:00) How PIVX prioritizes privacy in its blockchain operations.
    (20:00) The potential future impact of blockchain in global finance and its integration into daily life.
    (25:00) Exploring the economic principles of PIVX and other cryptocurrencies.
    (30:00) The significance of community engagement in blockchain projects.
    (35:00) How DAOs operate and their influence on decentralized governance.
    (39:00) Closing thoughts from Hans on the importance of community and trust in blockchain.
    (43:00) Final remarks and episode wrap-up.

    Resources Mentioned:

    PIVX Official Website: PIVX.org
    PIVX Mobile Wallet: MyPIVXWallet.org
    PIVX Core Wallet: PIVX.org/downloads
    Recommended Book: The Blockchain and the New Architecture of Trust By Kevin Werbach

    ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment.

    • 43 min
    #55 - First Class Intro to Angel Investing: Turning Clutter into Opportunity with OfferUp Founder Nick Huzar

    #55 - First Class Intro to Angel Investing: Turning Clutter into Opportunity with OfferUp Founder Nick Huzar

    Ever wonder how to turn your entrepreneurial dreams into reality?

    Tune into our latest episode of Passive Income Pilots as we soar into the world of angel investing and marketplace innovation with Nick Huzar, the CEO and founder of OfferUp!

    Discover how Nick's room full of unwanted items sparked the vision for a multi-billion-dollar company that revolutionized the way we sell online. Whether you're a passive income beginner or a seasoned investor, this episode is packed with insights on startup growth, the spirit of innovation, and practical tips for investing.

    Join us as Nick shares his journey through successes, setbacks, and the continuous quest for environmental sustainability through circularity. Gear up for a flight that could change your financial trajectory forever!

    Timestamped Show Notes:

    (00:00) - Introduction to the episode with Tait Duryea and Ryan Gibson
    (02:15) - Meet Nick Huzar, the co-founder of OfferUp
    (04:30) - The conception of OfferUp and Nick's vision for a better marketplace
    (08:00) - Nick's entrepreneurial mindset and why he chooses innovation over a 9-5
    (12:25) - The early challenges and bootstrap days of OfferUp
    (16:45) - The transition from angel investing to VC funding explained
    (21:10) - How to identify and support potentially groundbreaking startups
    (26:00) - The intersection of environmental sustainability and technology
    (30:35) - The anatomy of angel, VC, and private equity investing
    (34:50) - Real-world stories of investment hits and misses
    (39:15) - Nick's fresh take on tackling environmental challenges
    (43:00) - How listeners can get involved in alternative investments
    (48:00) - Closing remarks and takeaways from Nick's experiences
    (53:30) - Outro and invitation to connect with Passive Income Pilots

    Be sure to follow Nick @nhuzar on Instagram or on X @nickhuzar for more insights!

    ---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.

    Remember to subscribe for more insights at PassiveIncomePilots.com!
    Join our growing community on Facebook
    Check us out on Instagram @PassiveIncomePilots
    Follow us on X @IncomePilots
    Get our updates on LinkedIn

    Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE!

    Legal Disclaimer

    The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

    • 54 min

Customer Reviews

4.9 out of 5
87 Ratings

87 Ratings

Lucky-1999 ,

Not Just For Pilots

This is a great podcast for everyone interested in learning about the world of passive income. Episode 45 w/Alan Under is really powerful and Episode 57 w/Joe Fairless is really interesting as well.

Loved the Tony Robbins Show ,

Experienced and trustworthy hosts

I’ve listened to a lot of podcasts, and I am very impressed with this one. They speak to high net worth individuals, who simply don’t have time to figure out how to attain financial freedom. They simplify that process every week on this show

Moops50 ,

Very Informative for a Novice like me!

This is a great pod for the novice investor/experienced aviator. I’m listening religiously and even re-listening to catch all the good tidbits I missed on the first listen. Keep it up gents!

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