Ways Rich People Make Money With Debt | Sam Primm
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 8 November 2023
⏱️ 115 minutes
🧾️ Download transcript
Summary
Sam Primm, known as "Faster Freedom" on TikTok and is a proponent of responsible debt use, is the opposite of financial expert Dave Ramsey.
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Connect with Sam!
Instagram - https://www.instagram.com/samfasterfreedom/
Podcast - https://podcasts.apple.com/us/podcast/the-fasterfreedom-show-real-estate-business-life-finance/id1638026588
Sam's real estate ventures focus on the Midwest. The conversation underscores the importance of persisting in the real estate industry, even during economic downturns, as it's a long-term game with numerous variables.
Ryan's philosophy emphasizes not immediately investing in rental properties if you have limited funds. He suggests starting with flipping properties to generate active income. Once you've mastered flipping and wholesaling, you'll be better equipped for rental properties.
Sam's strategy for standing out in the real estate industry includes consistently delivering on commitments, effective communication, and a focus on being respectful and humble enough to ask questions.
The discussion touches on the aspiration of owning a sports team, even if it may not be the most profitable venture.
The conversation delves into content creation, highlighting the importance of watch time over views. Long-form content and podcasts, despite their slower growth, can build deep followings and credibility.
Success, as Sam describes, involves repeti
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | I don't 100% of almost $50 million worth of real estate. |
| 0:02.8 | If I were to do that debt free, I don't know, I don't $2 million for the real estate. |
| 0:06.5 | Dave Ramsey said he's basically a liar. |
| 0:08.8 | That guy's so lying that is not true. |
| 0:10.9 | And I'm here to find out whether or not that's true. |
| 0:13.3 | And I heard this from Gary V. |
| 0:14.5 | Like, do you find something that works, stick with it? |
| 0:16.7 | Like everybody tries to create the new viral video, every other video, |
| 0:19.5 | and that's really tough to do. |
| 0:20.4 | So I do other stuff. |
| 0:21.4 | I do. I got the privilege to spend 20 minutes with him. |
| 0:25.0 | He was like, you gotta start a podcast in 2024. |
| 0:28.0 | But here's the thing. |
| 0:29.0 | I was like, okay, what's it gonna say? |
| 0:30.0 | I think what's gonna blow up on podcast is what's up well |
| 0:35.8 | builders today I got me a real estate guy and this guy you've probably seen on |
| 0:39.4 | Tik-Tok or Instagram or one of these things he is known as faster freedom and he's got over |
| 0:45.2 | almost 300 rental units he flips over 300 houses a year so this dude is |
| 0:51.2 | absolutely crushing it he is a big proponent of getting debt, |
| 0:55.2 | and that caught the ire of Dave Ramsey, |
| 0:58.3 | who said he's basically a liar, |
| 0:59.8 | and I'm here to find out whether or not that's true. |
... |
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