220 episodes

The Practical Wealth Podcast is for people who want to take control of their finances today. Curtis May is part of the Prosperity Economics movement and is dedicated to breaking down each client’s unique financial situation so they can rebuild it to fit their ideal lifestyle.

The Practical Wealth Show Curtis May

    • Business
    • 4.9 • 42 Ratings

The Practical Wealth Podcast is for people who want to take control of their finances today. Curtis May is part of the Prosperity Economics movement and is dedicated to breaking down each client’s unique financial situation so they can rebuild it to fit their ideal lifestyle.

    The Pillars of Good Property Management with Sue and Craig Richey

    The Pillars of Good Property Management with Sue and Craig Richey

    Sue and Craig are owners of Richey Property Management, a residential property management firm in the Northern Virginia area which is just outside of Washington DC. Sue is the Broker of the company and has been in the real estate industry since 1997 and Craig is the COO. They both started in the real estate business selling homes and were successful Realtors. When they started buying investment properties in the early 2000s, they knew they were hooked and over the years have bought and sold many rental properties.
    In 2006, they started Richey Property Management and as the market was headed for a downturn, the property management business began to grow as people weren’t buying and selling but still needed a place to live so people were still renting. Since then they have grown the property management business to today currently managing around 700 single-family homes. They are active investors as well and own several investment properties of their own.
    In the business, Sue’s focus is on sales and marketing while Craig really manages many of the financial aspects and legal and compliance. They have built a great team over the years, and together they work hard to create the best experience possible for their clients.
    Both Sue and Craig are passionate about travel and have traveled all over the world. They have three children who are grown now and their son also works with them in the business.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 
     
    Links and Resources from this Episode
    www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Sue and Craig Richey https://www.richeypm.com/ https://www.youtube.com/user/RicheyPropertyMgt 
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    Show Notes
    Who the guests for today are and how they got started in property and investment management How Sue and Craig Richey determine success The thought process as they run their business Mistakes that people make when managing their own properties When is the right time to get the services of a professional Transferring risks using insurance and trusts The three pillars of protection What Sue and Craig are excited about for the next two to three years Where and how to reach out and get in contact with Sue and Craig
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    • 45 min
    A Beginners Guide to First Lien Position Notes and How To Invest in Them with Heather Dreves

    A Beginners Guide to First Lien Position Notes and How To Invest in Them with Heather Dreves

    I interviewed Heather Dreves and we discussed how to do Due Diligence, a 3rd party company called Verivest. She shared information regarding buying notes and what are the important things to know before investing.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

    Links and Resources from this Episode
    www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Heather Dreves https://securedinvestmentcorp.com/ https://www.linkedin.com/in/heather-dreves-6204a242 
    Special Listener Gift
    Schedule a 15-Minute Call with Curtis
    Free Ebook Financial Planning Has Failed


    Show Notes
    Who is Heather Dreves? The different types of clients Heather is usually working with What the four asset classes are Using self-directed IRAs to grow accounts tax deferred Understanding who your borrower is The reason for giving foreclosure notices What the process of buying notes to foreclosures work The downsides of buying notes Is the fund more of a appreciation or cash flow back into the IRA The two funds available for their company Purpose of doing compliance with operators handling your money Educating clients who want to start investing in real estate How to reach out to Heather
    Review, Subscribe and Share
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    • 40 min
    The E.A.S.Y System to Raise Capital For Your Real Estate with Marcin Drozdz

    The E.A.S.Y System to Raise Capital For Your Real Estate with Marcin Drozdz

    I interviewed Marcin Drozdz, the Managing Partner of M1 Real Capital. We talked about the E.A.S.Y System to Raise Capital, why raising capital is important for an entrepreneur, and at what point should they start thinking about raising capital.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, or 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

    Links and Resources from this Episode
    www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Marcin Drozdz https://www.marcindrozdz.com/ https://m1realcapital.com/: M1 Promo Code will get you a 15% discount on the ticket marcin@marcindrozdz.com
    Special Listener Gift
    Schedule a 15-Minute Call with Curtis
    Free Ebook Financial Planning Has Failed

    Show Notes
    The difference between buying 20 units and 200 units, fundamentally, is like you just said, just a few zeros Should you have a deal and then try to raise money or raise money before working on the right deal? How long does it take you to be an expert in anything The deal is the last piece of the equation What the E.A.S.Y System is Creating a call to action The best ways to get in touch with Marcin The M1 Real Capital Conference
    Review, Subscribe and Share
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    Make sure you’re subscribed to the podcast so you get the latest episodes.
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    • 40 min
    3 Ways to Free Yourself From Solo Economic Dependency with Mark Podolsky

    3 Ways to Free Yourself From Solo Economic Dependency with Mark Podolsky

    In this episode, Curtis May sits with Mark Podolsky. Mark Podolsky is widely considered to be the country’s most trusted and foremost authority on buying and selling raw, undeveloped land. He is known as “The Land Geek.”
    Mark shares his journey into the world of buying, selling, and leasing raw land as an investment. We also talked about how to free yourself from solo economic dependency in three ways.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

    Highlights
    Mark Podolsky’s book: Dirt Rich The cashflow game Getting yourself to financial freedom Land investing business 300% margin of safety Scaling other people’s money and software Leveraging technology Due diligence process: 5 stages of contracts in software system 3 steps on how to free yourself from solo economic dependency The accumulation theory


    Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Mark Podolsky http://www.thelandgeek.com/ The Investors Tool Kit Book - Dirt Rich
    Special Listener Gift
    Schedule a 15-Minute Call with Curtis
    Free Ebook Financial Planning Has Failed

    Review, Subscribe and Share
    If you like what you hear please leave a review by clicking here
    Make sure you’re subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

    • 35 min
    Talking about Small Businesses with Waleed Cope

    Talking about Small Businesses with Waleed Cope

    In this episode, Curtis interviews Waleed Cope to talk about business. Waleed is an entrepreneur, investor, and small business advisor who has developed multi-million-dollar companies. Based in New York City, Waleed draws on his years of laundry operations experience to make The Soap Box a premiere laundry, dry cleaning, and sneaker cleaning enterprise in the region. He has leveraged social media to build a dynamic network of other business owners and subject matter experts.
    He shared the most significant takeaway that he learned that helped him grow his business during their conversation. Waleed welcomes the opportunity to share his insights so the industry can grow together.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

    Highlights
    Revolutionizing the business industry Incorporating technology into the business Advantages of putting your business on social media Experiences of running a dry cleaning service Importance of having a network Why going to college is not significant when it comes to business Listen, learn, and execute How openness to drowning in your mistakes will teach you how to swim


    Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Waleed Cope Linkedin Website Facebook Instagram Twitter
    Special Listener Gift
    Schedule a 15-Minute Call with Curtis
    Free Ebook Financial Planning Has Failed

    Review, Subscribe and Share
    If you like what you hear please leave a review by clicking here
    Make sure you’re subscribed to the podcast so you get the latest episodes.
    Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

    • 50 min
    Confessions of a CPA: The Truth About Life Insurance with Bryan Bloom

    Confessions of a CPA: The Truth About Life Insurance with Bryan Bloom

    In this episode, Curtis interviews Bryan Bloom, a financial advisor, author, and CPA for over 35 years. They sat together to talk about Bryan's experiences, and he also shared some ideas regarding the miracle of compound interest. Bryan started working in the field around 15 years ago, assisting people in making reasonable retirement plans. Over the past years, he learned a lot about how different financial tactics and financial products work and, more significantly, why they don't.
    Now he has written five books. His book The Confessions of a CPA series explains why everything I was taught as a CPA has proven false. If we follow what we are taught in academics, traditional planning, and the popular media, we have little chance of succeeding.
    Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com 

    Highlights
    Discussion on temporary death benefit reduction What is debt with the lens of a CPA The use of a permanent insurance policy Choosing the right insurance company Storing liquidity in ETFs and the importance of being liquid Opportunity cost as a financial concept Income and retirement IRA and 401k plan


    Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Bryan Bloom Books: Confessions of a CPA: Why What I Was Taught To Be True Has Turned Out Not To Be Confessions of a CPA: The Truth About Life Insurance Confessions of a CPA: The Capital Equivalent Value of Life Insurance The America Group - https://www.theamericagroup.com/imt_team/bryan-bloom/ 
    Special Listener Gift
    Schedule a 15-Minute Call with Curtis
    Free Ebook Financial Planning Has Failed

    Review, Subscribe and Share
    If you like what you hear please leave a review by clicking here
    Make sure you’re subscribed to the podcast so you get the latest episodes.
    Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

    • 41 min

Customer Reviews

4.9 out of 5
42 Ratings

42 Ratings

iiiiiiiiiiiiiiiiiiiiiï ,

Solid wealth-building podcast

Curtis's podcast stands out as one that is focused on educating listeners on simple ways to build wealth. I always enjoy and learn from his guests.

Multifamily University ,

Awesome Podcast Show

Great talk on multifamily investing with Anna Myers. Thanks for the wonderful podcast!

Sean Tepper ,

Great Content!

Curtis provides great content on building wealth. He truly cares about helping others achieve financial prosperity.

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