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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Real Estate Investing Tips for 2024

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 3 April 2024

⏱️ 34 minutes

🧾️ Download transcript

Summary

In this episode of the Rich Dad Radio Show, guest host Ken McElroy fills in for Robert Kiyosaki, discussing the transformative financial journey of Jaron Sustar, also known as the Finance Cowboy. Starting with a significant amount of debt due to student loans and consumer choices, Jaron and his wife decided to break the cycle of living paycheck to paycheck. By focusing on real estate investment, they managed to become millionaires by the age of 29. Throughout the episode, Jaron shares insights on overcoming financial hurdles, the importance of financial education, leveraging other people's money for investments, and the power of networking to find and fund deals. The discussion also covers common misconceptions about real estate investing and practical tips for aspiring investors looking to scale their operations and achieve financial freedom.

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See important disclosures at masterworks.com/cd

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Rich Dad Radio Show, the good news and bad news about money.

0:07.0

Here's Robert Kiasaki.

0:09.0

Hello, hello, you're listening to the Rich Dad Radio Show,

0:12.4

the Good News and Bad News about money and I am Ken McElroy

0:15.9

filling in for Robert Kiosaki while he is speaking throughout Australia and New Zealand

0:25.5

very very excited to talk to Jaren Sustar. And you guys might know him as the Finance Cowboys.

0:27.9

He's got incredible YouTube experience,

0:30.1

but more importantly, like a lot of us he was a millionaire at 29 years old and I think a lot of times we all start with you know you know what are the answers how do I grow and do I really want to be that corporate person or you know do I really want to drive a truck

0:48.1

like geran started out doing and I as a pastor he's a man of faith which I think is amazing.

0:54.0

uh... Jaren welcome to the show.

0:56.0

Ken thank you guys for having me. I am super excited to be here and chat all

1:00.4

things money and real estate. So you know I I think a lot of times like you took

1:06.1

action right as as a young man and by 29 years old you you had a net worth of over a million dollars and I think that's all that was kind of my goal too in my 20s right and I think it's a lot of people's goals

1:19.4

So let's start with that journey you know know, all the, how you started, I think it's very important because I think a lot of times people think we all start with money, which is of course not the truth.

1:31.0

And then, and then let's talk about, you know,

1:33.1

what you've learned, you know, call it from,

1:35.4

you know, your early 20s to the 29 years old

1:37.9

when you actually had, well, I guess you thought you had made it.

1:41.1

Oh yeah, I thought I was big stuff at 29.

1:43.6

You hit that million dollar net worth, Mark, you're like, yeah, I'm something.

1:46.5

I know, I know, it's just, then you realize another step, right?

1:50.7

I'm just getting started, but I will say say the compounding that happens after the first

...

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