Financial Independence: A Better Perspective

Lance Edwards and Randy Luebke

Lance Edwards & Randy Luebke's Financial Independence: A Better Perspective podcast

  1. Do I Wait to Buy Real Estate with Economic Uncertainty?

    16/02/2023

    Do I Wait to Buy Real Estate with Economic Uncertainty?

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   We all know the real estate market is changing. In this episode, Lance and Randy share why these changes are creating a fantastic opportunity. However, the current market requires the investor to “be smart.” Learn tactics to “buy smartly” and discover why this is an optimal time to buy small apartments.   Highlights from the interview:   02:09 What does buying “smartly” mean?   04:27 Lance states his exact phrasing to get seller financing in a deal.   06:10 Randy shares his perspective on buying real estate now.   08:25 Lance talks about adjustable-rate mortgages and their impact in today’s market.   09:27 Randy shares two “rules of thumb” when investing in real estate.   10:25 Lance discusses a CBRE chart of home values for the last 60 years and what this report says about buying real estate now.   13:35 Randy and Lance offer their opinions about mortgage rates.   14:45 Lance reveals the fundamentals of buying property smartly.   15:09 Randy and Lance talk about the win-win of seller financing.   18:10 Why buying and selling real estate is not just about price.   20:38 Lance reveals how to create forced appreciation.   Resources: ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

    25 min
  2. What Should You Do with Your Cash?

    16/02/2023

    What Should You Do with Your Cash?

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   What you’ll learn in this episode:   Investment options are in flux right now. Interest rates on typical investments have been at an all-time low for the last 12 years, and many people have their retirement funds in cash. Due to the fed raising interest rates on borrowed money, many investment options are improving -- in many cases dramatically. This trend may only last a year or so. To take advantage of the changing economic environment, check out this podcast.   Highlights from the interview:   01:32 Are you sitting on cash with nowhere to put it? Lance reveals where he puts his money.   02:40 Cash is King! Randy explains why.   04:18 For the last 12 years, CDs have only been providing about a 0% interest rate. Is that changing?   04:59 The “yield curve” is defined.   07:55 Where can you get 4.5% interest in a safe investment in three months? Randy reveals! (hint: treasurydirect.gov)   15:56 While rates are higher now than they’ve been for CDs, are there disadvantages to investing in CDs?   17:25 Lance explains self-directed IRAs and elaborates on the pros and cons.   20:06 Randy expands on the benefits of self-directed IRAs.   24:22 Randy asks Lance if we are in a buyer’s or seller’s real estate market and segues to the next episode.   Resources:   ·         Go to www.LanceEdwards.com to learn more about Lance and his investments. ·         Sign up for Randy’s newsletter at www.LifetimeParadigm.com and learn about Randy’s services. ·         If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance’s best-selling book, How to Make Big Money in Small Apartments. Get Randy’s FREE “The Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit

    28 min
  3. The 4 D’s – How to Simplify Your Day to Do Less and Get More Done

    16/02/2023

    The 4 D’s – How to Simplify Your Day to Do Less and Get More Done

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of "How To Make Big Money in Small Apartments," and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   Most people's time is consumed by meaningless tasks, junk mail, and inappropriate use of their skills. Randy's secret to simplifying your life, making better use of your time, and being more effective is implementing the "4Ds."   Highlights from the interview:   00:56 Lance asks Randy, "What is the first "D" in the "4Ds."   Randy and Lance describe the hows and whys of the 4Ds:   01:05 D1 is "Don't do it!"   02:40 D2 is "Delegate it!"   05:08 D3 is "Do it now!" Randy says to use the 2-minute rule. Lance's requirement is "don't touch it twice."   07:00 D4 is "Delay it." Randy explains that this is not the same as procrastination. Instead, it is "purposeful delaying."   08:02 Lance summarizes the tactics described so far.   08:28 Lance adds an additional practice to simplify your day and be more productive.   09:20 Lance recommends a book, "Atomic Habits." He quotes, "We don't rise to the level of our goals. We fall to the level of our habits."   Resources: ●     Recommended reading: "Atomic Habits," by James Clear to learn about habits and behavioral change. ●     Buy Lance's upcoming book (launching on Amazon on March 1st), "Apartment Alchemy: 50 Ways Small Apartment Owners Can Boost Their Cash Flow and Wealth." 200% of the proceeds of this book are going to the Intrepid Hero's Fund when you purchase on Launch Day, Mar 1st. ●     Go to www.FallenHeroesFund.org to learn about this fantastic charity. ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit ●     If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

    14 min
  4. Alternative Retirement Plans for Self-Employed Small Biz Owners Who Are Less Than 10 Years from Retirement

    15/02/2023

    Alternative Retirement Plans for Self-Employed Small Biz Owners Who Are Less Than 10 Years from Retirement

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of "How To Make Big Money in Small Apartments," and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.   Brief overview of this episode:   Your number one asset is your ability to earn an income. But what if life throws a curve ball at you that prevents you from working? What is your safety net? This episode illuminates why "safety nets" and "off-ramps" are imperative to the small entrepreneur. Lance and Randy explain how to forecast these and build them into your retirement plan, even if you are nearing retirement. While the episode focuses on the needs of entrepreneurs, it is also very relevant to W9 employees.   Highlights from the interview:   00:51 Lance paints the predicament of a person ten years away from retirement without a solid retirement plan.   02:48 Randy introduces concepts of "Safety Nets" and "Off-Ramps."   03:40 Randy explains how to insure your income if you can no longer work.   06:35 Randy defines "off-ramps" and suggests how to plan for them in advance.   09:00 Lance asks Randy for clarification of the finer points of off-ramps.   10:18 They discuss the merits of buying investments like real estate.   10:45 Lance describes the dangers and limitations of "the addiction to the cash flow" and the benefits of having a "sellable asset."   14:50 Lance depicts how buying apartments is a robust catch-up plan for both a "safety net" and an "off-ramp." He expounds that you can do this without your own money.   17:00 Randy provides two recommendations to the question, "What is your best investment?"   18:08 Lance explains that the three available roles for people wanting to invest in small apartments are based on the "ROI vs. time" consideration.   21:10 Randy summarizes the options for "safety nets" and "off-ramps."   22:00 Lance expands on his summary of these concepts.   Resources:   ●     Buy Lance's upcoming book (launching on Amazon on March 1st), "Apartment Alchemy: 50 Ways Small Apartment Owners Can Boost Their Cash Flow and Wealth." 200% of the proceeds of this book are going to the Intrepid Hero's Fund when you purchase on Launch Day, Mar 1st. ●     Go to www.FallenHeroesFund.org to learn about this fantastic charity. ●     Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities. ●     Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit ●     If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”

    25 min
  5. Episode 20: Seller Financing and Other Ways to Fund your Real Estate Investments

    08/02/2021

    Episode 20: Seller Financing and Other Ways to Fund your Real Estate Investments

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss how budding real estate investors can overcome one of their primary fears: Where to find the funds they need. They talk about the various ways to raise capital and the importance of seller financing.

    20 min
  6. Episode 19: Getting Started

    08/02/2021

    Episode 19: Getting Started

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals. They tailor the discussion towards taking steps in the right direction to help start a career as real estate investor or entrepreneur.

    21 min
  7. Episode 18: Good and Bad Debt from a Financial Planning Perspective

    08/02/2021

    Episode 18: Good and Bad Debt from a Financial Planning Perspective

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss the difference between bad debt and good debt – and how to use good debt prudently to make savvy investments that can pay dividends by producing income, leverage and appreciation in value.

    32 min
  8. Episode 17: Year-End Tax Savings for W-2 Employees and the Self-Employed

    02/12/2020

    Episode 17: Year-End Tax Savings for W-2 Employees and the Self-Employed

    Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy discuss year end tax savings strategies and the importance of being prepared with them months before you hit your tax preparer’s office. They also touch on health care deductions and the wisdom of such win-win strategies as having your children work for your business.

    40 min
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Lance Edwards & Randy Luebke's Financial Independence: A Better Perspective podcast

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