True Wealth Podcast
Episode 1: 5 Transcendent Biblical Principles of Money
In this episode, we discuss the five (5) Transcendent biblical principles that affect your relationship with money. These principles will apply to you regardless where you are in life. When these principles form the foundation of how you view and use your money, they are bound to have a tremendous impact on your life.
We also discuss the 4 Uses of money and why it is important to view your money in these 4 unique buckets. Each of these four (4) uses of money are valid and important, however, how we allocate our money to each of these 4 uses also reveals our perspective and whether we have a short term or long-term perspective on money.
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Flipping the Script: Sai Lee's Blueprint for Real Estate Wealth Without Breaking the Bank.33:21Dive into the True Wealth Podcast with real estate virtuoso Sai Lee, revealing the game-changing power of leveraging Other People's Money (OPM) for unparalleled success. Lee's inspiring journey from corporate life to trailblazing investor redefines wealth creation.Explore Lee's visionary approach rooted in a profound understanding of OPM, unveiling transformative potential through strategic borrowing, joint ventures, and banking resources. Discover the unconventional path of cultivating local connections and seizing hidden opportunities in targeted neighborhoods.Delve into creating a clear property avatar, focusing on standardized, easily marketable houses for swift turnover and profitability. Lee's emphasis on emerging neighborhoods underscores the importance of strategic location targeting in sustainable wealth creation.Uncover the transformative potential of strategic thinking in real estate investment through Lee's trailblazing success. Join his private Facebook group for exclusive coaching and gain direct access to proven methodologies. Don't miss the blueprint for real estate triumph and financial independence. Featured on the Show:Sai LeeFacebook - https://www.facebook.com/groups/reprofits/Instagram - https://www.instagram.com/sai_lee_investor/Email: email@example.comWebsite: www.fliprealestateforprofits.comFollow UsTwitterInstagramFacebook
Unlocking the Secrets of Property Valuation: A Deep Dive into Home Appraisals44:48Dive into the intricate world of real estate appraisals with our latest video! Join us as we distil key insights from a True Wealth podcast episode featuring Chris Bisson of Value Connect, an Appraisal Technology firm that supports both buyers and lenders through the home buying process.What to Expect:Understanding Property Appraisals: Explore the pivotal role of property appraisals in determining fair market value and guiding informed decisions in real estate transactions.Influential Factors: Discover the critical elements shaping appraisal values, including property design, size, maintenance, and presentation.Valuation Approaches: Delve into various methodologies used by appraisers, such as Direct Comparison, Cost, and Income approaches, to estimate a property's true value.Negotiation Strategies: Learn how to leverage appraisals as powerful negotiation tools, empowering buyers to make informed decisions in the complex real estate market.Conclusion: Wrap up with key takeaways from Chris Bisson's expertise, emphasizing the importance of understanding different valuation approaches in navigating the ever-evolving real estate market.Featured on the Show: Chris Bisson · Facebook- /christopherbisson· Linkedin- /christopherbisson· E-mail – firstname.lastname@example.org· Customer Succes Team- email@example.comAuthor: Seun AdeyemiFollow UsTwitterInstagramFacebookDisclaimer: The insights presented are based on the True Wealth podcast episode and are intended for informational purposes. Viewers are encouraged to seek professional guidance from qualified real estate appraisers for personalized advice.
From Realtor, Investor and Developer Learn How Aaron Charles Is Using His Business to Help Elevate the Black Community36:25In this insightful episode of the True Wealth Podcast, Seun Adeyemi welcomes Aaron Charles, the visionary founder of Golden Triangle Development. The conversation revolves around their shared mission to empower communities through real estate. Aaron reflects on his journey, starting with the innovative Real Estate Assistance Program (REAP), aimed at helping individuals overcome down payment obstacles. As the discussion unfolds, Aaron highlights how the REAP concept evolved into Golden Triangle Development, which is now dedicated to creating sustainable communities in the Greater Toronto Area. Their approach involves a diverse portfolio of residential units, including condos, townhouses, and single-family homes, catering to a wide range of housing needs. Aaron emphasizes their commitment to affordable housing achieved through strategic partnerships with government agencies and organizations, securing subsidies and incentives to make homeownership more accessible.The podcast also features inspiring success stories of clients who started as first-time homebuyers and later became real estate investors, underlining the power of long-term strategies. Aaron's approach to helping first-time buyers includes flexible down payment assistance programs and savings plans, designed to bridge the gap between aspiration and homeownership. The episode concludes by inviting listeners to connect with Aaron Charles and Golden Triangle Development on social media, fostering collaboration and community empowerment through real estate. Aaron's wisdom and innovative solutions serve as a reminder that real estate isn't just about acquiring properties but also about building a better future for communities and individuals alike.Featured on the Show:Aaron CharlesGolden Triangle DevelopmentAaronCharles.GtdFollow UsTwitterInstagramFacebook
How Financial Therapy Can Help You Breakthrough Limiting Beliefs with Natasha Knox27:19Listeners, I want you to get ready for some incredible insights from Natasha Knox. Natasha has a unique background in both finance and psychology and has helped countless individuals and couples navigate their financial challenges with a focus on holistic well-being. You'll gain a deeper understanding of your own relationship with money and learn practical ways to improve your financial well-being.Financial therapy is a specialized form of therapy that combines elements of both financial planning and psychological counselling to address the emotional, behavioural, and relational aspects of an individual's or a couple's relationship with money. It aims to help individuals and families improve their financial well-being by exploring the underlying beliefs, attitudes, and behaviors related to money that may be causing distress or hindering financial progress.Financial therapy can be beneficial for individuals or couples experiencing financial stress, conflicts around money, compulsive spending or saving behaviours’, financial infidelity, feelings of guilt or shame related to money, or difficulty managing finances effectively. It can also be helpful for individuals or families going through major life transitions, such as marriage, divorce, career changes, or retirement, where financial issues may be particularly significant.Here are some key advantages of financial therapy:1. Improved Financial Management2.Enhanced Emotional Well-being3.Increased Self-Awareness4.Improved Communication and Relationships5. Improved Communication and RelationshipsIt is important to note that financial therapy is not a substitute for financial planning or professional financial advice. Instead, it complements these services by addressing the emotional and psychological aspects that can impact financial well-being. By integrating the principles of therapy and financial planning, financial therapy offers a holistic approach to help individuals and couples achieve their financial goals while promoting emotional well-being and healthier financial behaviors.Featured on the Show:Natasha Knoxxwww.alaphia.ca Follow UsTwitterInstagramFacebook
What You Need to Know About Having the Right Home Insurance28:42Home insurance may help protect your home and its contents in case of theft, loss or damage to the inside and outside of your home or property. It may also help you cover additional living expenses if you're temporarily unable to live in your home. These additional living expenses may include living in a hotel or renting a home.Generally, your home insurance policy covers you and your family members. If you share your home or rent out a part of your home to a friend, relative, or roommate, you must let your insurance company know.Home insurance claims can be rejected due to exclusion clauses, delay in reporting, failure to disclose information or give false information, and insufficient evidence. Shop around, get quotes, and compare policy details, such as coverage and cost. Some policies may be cheaper but may not offer the same level of service or coverage.Before getting insurance, take the time to determine the type and amount of insurance coverage you need. Consider reviewing your insurance needs on a regular basis as they may change over time. Read the policy carefully before signing. Make sure you understand what your policy does and does not cover. Ask your insurance agent or broker about anything you don't understand.Featured on the Show:Kumssa Hassan BIG Insurance Aurora Follow UsTwitterInstagramFacebookYouTubeTikTok
Qualifying for a Prime Rate, Alternative Or Private Mortgage. The Pros & Cons of Each25:49Today we're diving into a fascinating topic that's been making waves in the lending industry: prime mortgage lending and private mortgage lending. Whether you're a homeowner, a potential homebuyer, or simply interested in the world of real estate, this episode will shed light on the key differences and implications of these two types of lending. Prime mortgage lending refers to traditional lending practices offered by banks and other financial institutions. These lenders follow strict underwriting guidelines, ensuring borrowers meet specific criteria, such as a good credit score, stable income, and a low debt-to-income ratio. Prime mortgages are typically associated with lower interest rates, higher prepayment privileges, standard amortizations of 30 years or less, and are considered less risky for lenders due to the rigorous evaluation process. Private mortgage lending, also known as non-prime or alternative lending, offer a different avenue for borrowers who may not qualify for prime mortgages. Private lenders are typically individuals or small companies that are not subject to the same strict regulations as traditional banks. This allows them to consider other factors when evaluating borrowers, such as the property's value, potential rental income, or the borrower's equity. Private mortgage lending can be a lifeline for those with less-than-perfect credit scores, self-employed individuals, or even real estate investors. In conclusion, understanding the differences between prime mortgage lending and private mortgage lending is essential for anyone navigating the world of home financing. Prime mortgages, offered by traditional lenders, follow strict guidelines and are ideal for borrowers with good credit and stable income. Private mortgages, on the other hand, provide an alternative for individuals who may not meet the criteria for prime lending but still need financing for their real estate endeavors.Join us in the upcoming episodes as we bring in experts from the lending industry, share real-life stories, and provide valuable insights to help you make informed decisions about your mortgage needs. Stay tuned to "True Wealth Podcast," where we empower you with the knowledge to navigate the world of real estate investing.Featured on the ShowOthneil LitchmoreFollow Othneil on Facebook, TikTok or InstagramFollow UsTwitterInstagramFacebookYoutubeTikTok
Choosing a Property Manager and Why You Should Have One34:27Welcome to True Wealth Podcast, where we explore the importance of hiring a property manager. Today, we'll uncover why having a skilled property manager is crucial for property owners. From enhancing tenant relations to handling maintenance and legal compliance, they take the burden off your shoulders. Join us as we provide valuable insights and expert tips from industry professionals to help you make informed decisions about property management.A residential property manager is responsible for the day-to-day management of residential properties on behalf of the owner. Their key duties include tenant relations, property maintenance, rent collection, financial management, marketing, legal compliance, and administrative tasks. They handle tenant screening, lease agreements, maintenance requests, rent collection, property inspections, marketing vacant units, ensuring legal compliance, and maintaining accurate records. So, get ready to tap into the wisdom of industry leaders, expand your knowledge, and unlock the potential of your real estate ventures. Stay connected as we bring you engaging conversations that will inspire and empower you on your journey.Featured on the Show:Christine MintonOthneil LitchmoreFollow Othneil on Facebook, TikTok or InstagramFollow UsTwitterInstagramFacebook
Vetting a Prospective Tenant for Your Rental Property25:52Join hosts Seun Adeyemi, a Certified Financial Planner®, and Realtor Othniel Litchmore in this episode of the True Wealth Podcast as they delve into the crucial process of vetting potential tenants for rental properties.Drawing from their expertise in financial planning and real estate, they provide insights on tenant selection, red flag identification, and maintaining a balanced approach to ensure successful property management.Episode Highlights: Key Considerations: The hosts highlight the importance of thorough tenant vetting, stressing its impact on rental property success.Red Flags: Learn how to identify warning signs during the screening process, such as inconsistent income and rental history gaps.Balancing Caution and Fairness: Discover tips on maintaining fairness while avoiding potential legal pitfalls.Using Technology: Explore online tools to verify tenant information and ensure a secure selection process.Building Positive Relationships: The hosts underscore the value of effective communication and fostering a harmonious tenant-landlord dynamic. Tune in for expert advice from Seun Adeyemi and Othniel Litchmore on making informed tenant selection decisions for lasting property success.Featured on the ShowOthneil LitchmoreFollow Othneil on Facebook, TikTok or InstagramFollow UsTwitterInstagramFacebookYouTubeTikTok
Exploring the Impact of Taxes on Your Real Estate Investments34:26Welcome to "True Wealth Podcast”, I'm your host Seun Adeyemi, and today, we delve into a topic that impacts not only seasoned investors but also aspiring ones looking to make their mark in the real estate world. Today, we turn our attention to the far-reaching effects of taxes on real estate investments. Real estate has long been considered one of the most reliable and lucrative investment vehicles, providing individuals with a means to generate passive income, build equity, and create long-term wealth. However, behind the allure of real estate investing lies a complex landscape of tax implications that can significantly impact your bottom line.From Depreciation to Capital Gains and Property Flipping, we explore the impact of taxes on real estate investments, bringing you insights from an Accountant who's passion is to help his clients avoid the costly mistakes many investors make. Together, we'll unravel the mysteries of tax laws, explore ways to optimize your investments and provide you with the tools you need to navigate this intricate landscape. Join us on this captivating journey as we unlock the secrets of tax-efficient real estate investing.Featured on the ShowMohammed from Tax HeroesTwitterE-mailFollow UsTwitterInstagramFacebookYouTubeTikTok