Afleveringen
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SCHEDULE YOUR CALL TODAY for Entity Structure + BOI Filing for $0 + State Fees & Hard Costs! Go to http://primepartner.info/EntrepreneurDNA
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Today I sit down with my good friend Tommy Thornburgh, a tax and business expert from Prime Corporate Services, to dive deep into critical tax strategies and asset protection tactics for entrepreneurs. Tommy shares key insights on how business owners can avoid hefty $500/day fines by staying compliant with new government regulations and highlights the importance of proactive tax planning throughout the year. He explains how leveraging tools like Health Savings Accounts (HSAs), real estate depreciation, and business deductions can help entrepreneurs save thousands in taxes.
The conversation also covers the significance of properly structuring business entities to maximize tax benefits and safeguard personal assets, as well as the often-overlooked importance of setting up trusts for estate planning. Tommy provides real-life examples, from using the Augusta Rule to avoid claiming rental income to navigating complex tax deductions, all aimed at helping entrepreneurs protect their wealth while growing their businesses. Whether you're a new or seasoned business owner, this episode offers a comprehensive guide to optimizing your tax strategy and ensuring long-term financial security.
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Connect with Tommy!
Instagram - @tommythornburgh
LinkedIn - linkedin.com/in/tommy-thornburgh-9495a3b9
Website - https://www.primecorporateservices.com
Tommy Thornburgh, President of Prime Corporate Services, is an incredibly accomplished and highly sought-after business advisor with more than 15 years of industry experience in entity formation and tax strategy. On top of helping entrepreneurs establish their own businesses, Tommy maintains a diverse set of entrepreneurial ventures of his own in real estate, stocks, and more.
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GRAB YOUR CLEVER SUMMIT TICKET HERE: justin.cleversummit.com
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In this episode, Kris Krohn, a seasoned real estate investor with over $2 billion in transactions, shares his insights on why now is the perfect time to invest in real estate despite high interest rates. He emphasizes the importance of focusing on appreciating markets, leveraging multiple streams of ROI (such as appreciation, cash flow, and tax benefits), and not getting bogged down by rates alone. Kris also discusses the significance of networking and mentorship in accelerating success, promoting the upcoming Clever Summit as a prime opportunity for connecting with like-minded entrepreneurs. He stresses that real estate is about people, not just properties, and explains how arbitraging both time and money is key to building wealth efficiently.
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The #1 training and coaching system to launch, grow, and scale your investing business! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: http://www.thescienceofflipping.com
Turn cold real estate leads into engaged motivated sellers on auto-pilot using the power of A.I! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: https://www.rocketly.ai/
Have a question? Ask me anything at https://www.askjustin.ai/๐๐๐จ๐ฎ๐ญ๐๐ฎ๐ฌ๐ญ๐ข๐ง: After investing in real estate for over 17 years and almost 3000 deals done, Justin has created a business that generates 7 figures in active income through wholesaling and fix and flipping as well as accumulating millions of dollars of rental properties including 5 apartment buildings, 50+ single family homes, and 1 storage facility
Justin's longevity in real estate is due to his ability to look around the corners, adapt to changing markets, perfecting Raising private capital, and focusing on lead generation which allows him to not just wholesale and fix & flip, but also accumulate wealth through long term holds.
His success in real estate led him to start The Entrepreneur DNA podcast and The Science Of Flipping podcast and education company, where he has coached and mentored thousands of aspiring and active investors over the last decade.
He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor.
๐พ๐๐๐๐๐๐๐ท๐๐๐๐ฏ๐๐๐๐ป๐๐บ๐๐๐จ๐๐๐๐๐ฑ๐๐๐๐๐:
โJustin is one of the best trainers in this space. He really gives everything to his tribe.โ โ Brent Daniels (TTP)
โJustinโs ability to connect with people and help them understand what he is teaching, is unparallelledโ โ Kent Clothier (REWW)
โWe have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.โ โ Sean Terry (Flip2Freedom)
Subscribe To Justin Colby: http://youtube.com/justincolbyView All My Videos: https://www.youtube.com/c/JustinColby
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Zijn er afleveringen die ontbreken?
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I sit down with YouTube expert Evan Carmichael, who shares powerful insights on how entrepreneurs can leverage YouTube to grow their businesses. Evan emphasizes that many entrepreneurs underutilize YouTube due to fear and lack of experience, but insists that it should be a primary marketing tool for 2024 and beyond. He discusses strategies such as focusing on business development (Biz Dev) shows and demonstrating expertise through live coaching, rather than chasing viral fame. By targeting valuable referral partners and creating content that serves both the audience and the business, entrepreneurs can dramatically increase their revenue and scale their brands more effectively.
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Connect with Evan!
Instagram - @evancarmichael
Youtube - @EvanCarmichael
LinkedIn - https://www.linkedin.com/in/evancarmichael/
Website - https://believe.evancarmichael.com/homepage
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The #1 training and coaching system to launch, grow, and scale your investing business! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: http://www.thescienceofflipping.com
Turn cold real estate leads into engaged motivated sellers on auto-pilot using the power of A.I! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: https://www.rocketly.ai/
Have a question? Ask me anything at https://www.askjustin.ai/๐๐๐จ๐ฎ๐ญ๐๐ฎ๐ฌ๐ญ๐ข๐ง: After investing in real estate for over 17 years and almost 3000 deals done, Justin has created a business that generates 7 figures in active income through wholesaling and fix and flipping as well as accumulating millions of dollars of rental properties including 5 apartment buildings, 50+ single family homes, and 1 storage facility
Justin's longevity in real estate is due to his ability to look around the corners, adapt to changing markets, perfecting Raising private capital, and focusing on lead generation which allows him to not just wholesale and fix & flip, but also accumulate wealth through long term holds.
His success in real estate led him to start The Entrepreneur DNA podcast and The Science Of Flipping podcast and education company, where he has coached and mentored thousands of aspiring and active investors over the last decade.
He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor.
๐พ๐๐๐๐๐๐๐ท๐๐๐๐ฏ๐๐๐๐ป๐๐บ๐๐๐จ๐๐๐๐๐ฑ๐๐๐๐๐:
โJustin is one of the best trainers in this space. He really gives everything to his tribe.โ โ Brent Daniels (TTP)
โJustinโs ability to connect with people and help them understand what he is teaching, is unparallelledโ โ Kent Clothier (REWW)
โWe have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.โ โ Sean Terry (Flip2Freedom)
Subscribe To Justin Colby: http://youtube.com/justincolbyView All My Videos: https://www.youtube.com/c/JustinColby
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GO TO https://intheroom.live/ TO SCHEDULE A DEMO TODAY!
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In this episode, I interview Bill Allen, a former Navy pilot, seasoned real estate investor, and now a tech entrepreneur. Bill shares his journey from mastering real estate investments to solving a major problem he encountered while running his own live events: how to track attendee behavior and maximize event profitability. To address this gap, Bill developed a platform called "In the Room," which leverages cutting-edge data tracking to give event hosts real-time insights into who is attending, when they leave, and how engaged they are. This technology not only enables event organizers to boost profits through targeted VIP upsells and strategic offers but also helps optimize the overall attendee experience by improving registration, check-in, and follow-up systems. The data collected allows hosts to refine their sales strategies, track the effectiveness of speakers, and personalize follow-up communications based on attendee behavior during the event. Bill emphasizes that using data intelligently can uncover hidden opportunities and solve inefficiencies in the live event space, turning otherwise missed revenue into substantial profit gains. He shares how his platform has helped turn ordinary events into cash-generating machines by providing actionable insights that were previously unavailable to hosts, offering a game-changing tool for anyone involved in running live events.
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Connect with Bill!
Instagram - @billallenrei
Learn More about 'In The Room' and schedule a demo - https://intheroom.live/
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The #1 training and coaching system to launch, grow, and scale your investing business! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: http://www.thescienceofflipping.com
Turn cold real estate leads into engaged motivated sellers on auto-pilot using the power of A.I! ๐๐๐๐ซ๐ง๐๐จ๐ซ๐: https://www.rocketly.ai/
Have a question? Ask me anything at https://www.askjustin.ai/๐๐๐จ๐ฎ๐ญ๐๐ฎ๐ฌ๐ญ๐ข๐ง:
After investing in real estate for over 17 years and almost 3000 deals done, Justin has created a business that generates 7 figures in active income through wholesaling and fix and flipping as well as accumulating millions of dollars of rental properties including 5 apartment buildings, 50+ single family homes, and 1 storage facility
Justins longevity in real estate is due to his ability to look around the corners, adapt to changing markets, perfecting Raising private capital, and focusing on lead generation which allows him to not just wholesale and fix & flip, but also accumulate wealth through long term holds.
His success in real estate led him to start The Entrepreneur DNA podcast and The Science Of Flipping podcast and education company, where he has coached and mentored thousands of aspiring and active investors over the last decade.
He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor.
๐พ๐๐๐๐๐๐๐ท๐๐๐๐ฏ๐๐๐๐ป๐๐บ๐๐๐จ๐๐๐๐๐ฑ๐๐๐๐๐:
โJustin is one of the best trainers in this space. He really gives everything to his tribe.โ โ Brent Daniels (TTP)
โJustinโs ability to connect with people and help them understand what he is teaching, is unparallelledโ โ Kent Clothier (REWW)
โWe have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.โ โ Sean Terry (Flip2Freedom)
Subscribe To Justin Colby: http://youtube.com/justincolbyView All My Videos: https://www.youtube.com/c/JustinColby
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Get your copy of Jen's new book, 'Be Seen' HERE
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In this episode, I sit down with Jen Gottlieb; a dynamic entrepreneur, bestselling author of Be Seen, actress, business owner, and super-connector. She discusses the importance of authenticity in building a personal brand. She challenges the conventional view of branding as a curated image and emphasizes that true branding comes from embracing and showcasing your authentic self. Jen shares her experiences with overcoming fear and how taking action, even when uncomfortable, is key to personal and professional growth. She also highlights the value of community over vanity metrics, encouraging listeners to focus on genuine connections rather than follower counts. Ultimately, Jen's message is that everyone is already a brand, and the best way to stand out is to be unapologetically yourself.
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Connect with Jen!
Instagram: @jen_gottlieb Facebook: Jen Gottlieb TikTok: @jengottlieb Website: jengottlieb.com---
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Today I welcome my long time friend Cody Sperber. Cody discusses his journey, highlighting his significant achievements, including an eight-figure business exit and his role as the host of the upcoming Clever Summit 2024. The conversation covers the challenges and triumphs of entrepreneurship, the importance of being in the right rooms, and the value of building strong relationships. Cody emphasizes the impact of having the right mindset, systematizing processes, and continuously evolving through new challenges. The episode also delves into Cody's new venture, Floor Daddy, and the lessons learned from scaling the business rapidly. The discussion concludes with an invitation to the Clever Summit, where attendees can gain insights into making, multiplying, managing, and making their money matter.
ATTEND CLEVER SUMMIT 2024, SEPTEMBER 13TH-15TH
Grab your Clever Summit Tickets Here Before They Sell Out!
http://Justin.cleversummit.com
Connect with Cody:
Instagram - @officalcodysperber
Clever Summit - cleversummit.com
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In this episode, Branden Dawson, a business scaling expert and partner with Grant Cardone, shares his journey of selling his last company for $150 million and offers insights on scaling small businesses. He emphasizes the importance of strategic planning, learning from failures, and the necessity of promoting, converting, and delivering effectively. Branden discusses critical growth stages, or "breakpoints," in business development, highlighting the need for a strong foundation and the role of mentorship. He also talks about his current ventures, including CARDONE Ventures, and his commitment to helping other entrepreneurs achieve scalable success through documented strategies and detailed research.
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Connect with Brandon!
Instagram - @brandonmdawson
Website - https://bdawson.com/
Podcast - Building Billions Podcast
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Sean Whalen and I delve into entrepreneurship and life perspectives. We emphasize finding gratitude and purpose in daily life, regretting missed opportunities, and prioritizing personal fulfillment over traditional success metrics. Our discussion underscores the importance of self-awareness, taking risks, and being honest about one's desires. We advocate for personal responsibility, urging individuals to overcome challenges and pursue their dreams. Sean's journey from coaching to real estate investing is highlighted, emphasizing the value of mentorship and being coachable. Financial commitment and action are deemed crucial for personal growth and success. The endorsement of Whalen's coaching program by a friend underscores its positive impact on mental, spiritual, and physical well-being.
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Today I interview Chris Naugle, a successful entrepreneur and financial expert, who introduces the concept of becoming your own bank. Chris explains how individuals can gain financial independence by utilizing specially designed whole life insurance policies to finance their purchases and investments, rather than relying on traditional banks. Sharing his personal success story, Chris details the benefits of this model, such as maintaining control over your money, earning guaranteed interest, and creating a tax-free income stream. The discussion also covers practical applications, including managing debt and planning for retirement, emphasizing how anyone can implement this strategy to secure their financial future.
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Today I sit down with Veena Jetti, a leading expert in multifamily real estate with over a billion dollars in transactions. We discuss the importance of networking through flying first class and joining high-end gyms, emphasizing how these environments can lead to valuable connections. Veena shares her journey from corporate real estate to multifamily investments, highlighting the power of mindset, community, and leveraging other people's money (OPM) for success. She provides actionable advice for aspiring real estate investors, stressing the need to show up, cultivate the right mindset, and actively engage in supportive communities.
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Connect with Veena!
Instagram - @veenajetti
Multifi Family - www.multifinow.com
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Today I sit down with Tony Javier, a 20-year veteran entrepreneur and real estate investor known as "Mr. TV." Tony shares his journey from college to successful business ownership, emphasizing the transformative power of TV marketing. He explains how television advertising has significantly boosted his business by creating credibility, influence, and authority. Tony also discusses the importance of understanding the difference between marketing and branding, working smarter by leveraging systems and teams, and maintaining a strong, consistent online presence. Listeners are encouraged to explore TV marketing as a powerful tool for scaling their businesses effectively.
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In this episode of "The Entrepreneur DNA," I sit down with Edwin Carrion, a seasoned entrepreneur with over two decades in real estate and recent ventures in transportation and logistics. We discuss Edwin's approach to business, emphasizing the importance of leveraging one's unique strengths, the critical role of strategic partnerships, and the necessity of having a dedicated team. Edwin shares his journey through various industries, from real estate to gold trading, highlighting key lessons in resilience and strategic growth. He offers practical advice for entrepreneurs aiming to scale their businesses from seven to multi-seven figures, focusing on the importance of vision, proper planning, and learning from economic fluctuations.
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Connect with Edwin!
Instagram - @edwincarrion78
Website - https://www.edwincarrion.com/?r_done=1
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Eric Spofford and I discuss his transformative journey from a troubled past with severe heroin addiction and legal issues to becoming a successful entrepreneur with a nine-figure business exit. We delve into Eric's sobriety, which he credits as a foundation for his success, and how living authentically has impacted his personal and professional life. Eric also shares his upcoming involvement in the "Limitless" event in Utah and his excitement about speaking alongside prominent figures like Donald Trump Jr. and David Goggins. Additionally, Eric discusses his commitment to helping others, especially through his initiative "Operation Comeback," aimed at supporting families of addicts. The conversation underscores the themes of resilience, authenticity, and the transformative power of sobriety in achieving personal and professional fulfillment.
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Get your copy of 'The Energy Bus': https://a.co/d/3z9i8pe
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Jon Gordon, a 16-time bestselling author, about his journey as a writer and the key themes in his books. We discuss the importance of belief, hard work, failure, perseverance, and growth in achieving success. Jon shares his personal experiences of going through the fire and adapting to challenges. We also delve into Jon's books, particularly 'The Energy Bus' and 'The One Truth,' which emphasize the power of positivity, teamwork, and oneness. Jon emphasizes the importance of authenticity and being true to oneself. The conversation explores the power of thoughts and the impact they have on our lives. Negative thoughts lead to separation, division, and dysfunction, while positive thoughts lead to connection, unity, and strength. The key is to recognize that negative thoughts are not coming from us, but rather from external forces. By choosing to respond to negative thoughts with truth and positivity, we can transform our mindset and create a more fulfilling life. The conversation also touches on the importance of gratitude, self-talk, and prayer in elevating our state of mind and fostering connection.
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Connect with Jon!
Instagram - @jongordon11
Website - https://jongordon.com/
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๐๐๐จ๐ฎ๐ญ ๐๐ฎ๐ฌ๐ญ๐ข๐ง: After graduating from UCLA in 2003 with an English degree, Justin went directly into business for himself. He has never had a W-2 job. In 2005 he got into real estate by co-founding a brokerage in the Northern California area. Quickly he realized that being a realtor was not for him.
In 2007 he got into real estate investing full time. 16 years later, Justin has flipped well over 2600 properties, accumulated millions in rental properties, and is an active investor to this day.
His success in real estate led him to start The Science Of Flipping podcast and education company, where he has coached and mentored over one thousand aspiring and active investors.
He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor.
๐พ๐๐๐ ๐๐๐ ๐ท๐๐๐ ๐ฏ๐๐๐ ๐ป๐ ๐บ๐๐ ๐จ๐๐๐๐ ๐ฑ๐๐๐๐๐:
โJustin is one of the best trainers in this space. He really gives everything to his tribe.โ โ Brent Daniels (TTP)
โJustinโs ability to connect with people and help them understand what he is teaching, is unparallelledโ โ Kent Clothier (REWW)
โWe have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.โ โ Sean Terry (Flip2Freedom)
Subscribe To Justin Colby: http://youtube.com/justincolby
View All My Videos: https://www.youtube.com/c/JustinColby
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GET YOUR FREE SIGNED COPY OF DAVID'S BOOK-
Email: [email protected]
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David Meltzer, a renowned entrepreneur dedicated to making the world a happier place. We discuss the transformative power of community, emphasizing how interconnectedness and mutual support can drive success and fulfillment. David shares insights on the importance of asking for help, overcoming adversity, and finding joy in the process of pursuing one's potential. He also offers practical advice on making money, helping others, and having fun, drawing from his extensive personal and professional experiences. David concludes by inviting listeners to connect with him and offering free copies of his book, "Connected to Goodness," to further inspire and guide their journeys.
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Keith Gauzes shares his journey from a tumultuous youth facing potential incarceration to becoming a disciplined military serviceman in the Air Force and later a SWAT team member. His experiences laid the foundation for his transformation into a successful entrepreneur. Keith discusses starting a bounce house rental business that quickly grew into a multimillion-dollar enterprise and eventually led to the founding of Black Label, a comprehensive service company designed to assist entrepreneurs from startup to exit. Throughout the episode, Keith emphasizes the importance of resilience, strategic thinking, and learning from failures, illustrating how his background in chaotic environments has shaped his approach to business and leadership.
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Today I am joined with Sophia Castro, where she shares her experiences and insights as a trailblazer in women's empowerment and entrepreneurship. Discussing the challenges of modern parenting and the pressures women face in seeking help, Sophia emphasizes the importance of building a robust support system for balancing family and business responsibilities. She recounts her journey from financial struggles to significant business success, advocating for a mindset shift towards empowerment and strategic thinking. Sophia's story is not just inspirational but also a guide on leveraging support, overcoming societal expectations, and achieving financial independence through entrepreneurship.
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Connect with Sofia!
Instagram - @officialsofiacastro
Upsiders Facebook community - https://www.facebook.com/groups/officialupsiderscommunity/
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My long-time friend Mikey Taylor, a former professional skateboarder turned multifaceted entrepreneur, shares his journey from the skate parks to the boardrooms of real estate investment. Taylor delves into the transformative lessons learned while transitioning from sports to starting his own craft brewery and eventually founding a private equity real estate firm. He emphasizes the importance of aligning business pursuits with personal purpose over passion, the strategic necessity of choosing the right partners, and offers his projections on the future of real estate markets. Alongside candid discussions about the challenges of entrepreneurship, Taylor also reflects on personal growth, the complexities of work-life balance, and the strategic moves that have shaped his successful career in real estate.
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Connect with Mikey:
Tiktok: @mikeytaylor
Instagram: @mikeytaylor
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Jason Payne is an entrepreneur renowned for his commitment to building strong business relationships and a robust consulting business. Despite not being actively involved in real estate, Jason invested $60,000 to join a high-profile mastermind, underlining his belief in the power of networking and personal development.
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In this conversation, I ntervieww Chris Miles, the CEO of Money Ripples and the self-proclaimed anti-financial advisor. They discuss Chris's journey of retiring twice by the age of 39 and the flaws in the traditional financial advising industry. We emphasize the importance of financial education for entrepreneurs and the need to invest in assets that generate passive income. Chris challenges the notion that financial advisors are the ultimate authority and encourages listeners to take control of their own financial future. Chris Miles shares his insights on financial advisors, the importance of results, and the power of passive income. He emphasizes the need for business ownership and multiple streams of income to achieve financial freedom. Chris also discusses the role of cash flow and the impact it can have on a business. He shares examples of how he has helped clients improve their cash flow and make strategic financial decisions. Chris encourages entrepreneurs to invest in themselves and their businesses, and to focus on creating passive income through real estate, commodities, and cash reserves.
Connect with Chris:
Instagram - @chriscmiles
Website - https://moneyripples.com/
Thank you to Horizon Trust for sponsoring today's episode!
Go to https://www.horizontrust.com/justin
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