How I Lost $50,000,000 In Real Estate With Rod Khleif

This week we interview multi family real estate expert, Rod Khleif, about how he lost $50,000,000 in real estate and bounced back even stronger in his quest to create real estate wealth. 

We discuss the value of having the right mindset, how to pivot when you are wrong, the power of setting your intentions and being clear on what you want, real estate risk management tips and more...


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Rod Khleif

Rod Khleif is a multiple business owner and philanthropist who is passionate about entrepreneurship and giving back. As one of the country's top business, real estate and peak performance luminaries, Rod has owned over 2000 homes and apartment buildings and has built over 22 businesses in his 40 year old business career several which have been worth tens of millions of dollars. 

Rod Khleif soared from humble beginnings as a young, impoverished Dutch immigrant to incredible success. Khleif's experience involves both remarkable triumphs, and spectacular failures, which he affectionately calls "seminars". Rod will explain the mindset required to required to recover from losing $50mm in the crash of 2008 to the success he enjoys today. Rod brings incredible and insight to his approach to real estate, business, success and life. 

Rod can speak to the psychology of success, mindset for taking action and any business or real estate topic in great depth, contributing incredible first hand, technical and motivational knowledge and skills to the discussion. Rod also founded The Tiny Hands Foundation, which has benefited more than 75,000 community children in need. 

Rod's Online Presence:


Book References:

  1. Rich Dad, Poor Dad by Robert Kiyosaki
  2. The One Thing by Gary Keller
  3. Think and Grow Rich by Napoleon Hill
  4. The Slight Edge by Jeff Olson
  5. Turning Pro by Steven Pressfield


Today's Panelists

2020 Year End Wrap Up

Join us for the 2020 Year End Wrap Up and Review.

We discuss what happened in 2020, where we are now, and where things are going for 2021. We also discuss how to look at your 2020 performance, how to analyze the markets, what is relevant for 2021, and more. 

Don't miss this timely review to get your portfolio ready for 2021.

sp500 returns
sp500 valuation
risk management
returns with inflation


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Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Panelists

Should You Get a Reverse Mortgage?

Are you considering a reverse mortgage as a part of your retirement plan? 

Are you worried these products are still the black sheep of retirement planning? 

You might be surprised that things have changed a bit in the reverse mortgage market. Check out this interview with Steve Resch where we discuss the ins and outs of reverse mortgages, why they have improved over the original products, and when it makes sense to consider for your retirement planning needs.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Steve Resch

Steve is VP of retirement strategies at Finance of America Reverse and conducts educational trainings and webinars with members of the Financial Planning Association and other advisors, giving him unique insights into different retirement challenges and how to address them.


Today's Panelists

Day Trading For Beginners: Learn The Different Ways Day Traders Can Make Money

This week we discuss day trading for beginners. We talk about different ways to trade, risk management, swing trading, the effect of stock splits, options, price vs valuation, and expectations people should have when they are trading.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Jerremy Newsome

Jerremy Alexander Newsome is on a mission to enrich lives with mentally

liberating education. Since the age of seven, he has been fascinated with

investing and growth and even convinced his father to match his investment

deposit for some Apple stock back in 1995, which would be worth $14,000,000.

His passion for helping others enrich their lives through investing led him

to found Real Life Trading in 2014. This starting point has allowed him to

assist and enrich tens of thousands of lives while also growing the company

organically to a seven figure business.

Guest Bio: Over the last 6 years, Jerremy has built a reputation as one of the foremost pioneers in ‘fiscal therapy’. His vigor and drive for helping communities, families and individuals grow their financial literacy is second to none.

Jerremy was able to create and launch a company called Real Life Trading back in November 2014. This starting point has allowed him to assist and enrich tens of thousands lives while also growing the company organically to a seven figure business.

Jerremy's Online Presence:


Today's Panelists

Private Mortgage Lenders Are In For A Surprise This Year

The smart private mortgage lenders are preparing for this event... Banks are too... Wall Street is asleep at the switch again. Find out what this means for your real estate investments.

Industry insider Eddie Speed talks about the right way to structure a deal, The 6 factors to price the deal properly, and how you can prepare for this event which could make or break your wealth.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Eddie Speed

For almost 40 years, Eddie has purchased more than 40,000 notes and the NoteSchool executive team has bought 4 billion dollars in notes. As an esteemed teacher of all aspects of real estate notes, Eddie’s innovative methods have earned him multiple industry awards and inaugural induction into the Small Balance Real Estate Hall of Fame. 

He has spoken at events across the country -- showing people how to find freedom and flexibility through a widely untapped and extremely profitable area of real estate investment: creatively buying and selling notes.

Eddie's Online Presence:


Today's Panelists

Investing Secrets Of The Rich #11: Litigation Finance: How to Make Money of Someone Else’s Lawsuit

Have you ever thought how cool it would be to win 100 million+ in a lawsuit so you never have to work again? Ya me too.

Fortunately there is a way to make money from someone else's lawsuit without going to court.

This week we dive into Investing Secrets of The Rich Series (Episode #11): Litigation finance

This investing secret for the rich is so secret that even some of Wall Street's Smartest investors are not aware that this is possible. We interview one of the industry's insiders to learn more about how this works.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Jay Greenberg

Jay Greenberg is LexShares’ Co-Founder and Chief Executive Officer, responsible for the strategic oversight and operational management of the firm.

Prior to founding LexShares, Mr. Greenberg worked in Deutsche Bank's technology investment banking group where he focused on merger and acquisition advisory, debt and equity financings primarily for enterprise software, technology services and financial technology companies. There, he advised on over $13 billion of mergers and acquisitions and was involved in raising more than $5 billion of equity and debt financing. Mr. Greenberg holds a Bachelor of Science in Finance and Corporate Reporting & Analysis from Boston College where he graduated Magna Cum Laude. He also holds Series 79, 63, 82 and 65 licenses.

Jay's Online Presence:


Today's Panelists

Interest Rate Volatility and Inflation Nancy Davis

Are you worried about inflation? You are not alone. most people are worried about all the money printing from the Federal Reserve. We interview Nancy Davis about an interesting new tool to manage portfolio risk.

Have you hear of using interest rate volatility as a risk management tool? We discuss this, Inflation, how to manage your fixed income exposure with low interest rates, and more.


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Nancy Davis

Nancy Davis is founder of Quadratic Capital and portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge ETF (ticker: IVOL).

Nancy Davis was named to the Barron's 100 Most Influential Women in US Finance list earlier this year and regularly appears on Bloomberg TV, CNBC and Fox Business.

Prior to founding Quadratic Capital in 2013, she spent 10 years at Goldman Sachs.

The IVOL exchange-traded fund, launched one year ago, is an actively managed ESG fixed-income ETF. IVOL invests in TIPS and fixed income options. The ETF has roughly $300 million in assets.

Nancy's Online Presence:


Today's Panelists

Day Trading Secret #4: Master This and You Will Ensure Your Success, And It Doesn’t Come In A Black Box

Want to be a successful day trader? Think you have the chops to do it for a living?

This interview with Chris Tate gives you exactly what you need to be successful with his day trading secrets. We discuss the ins and outs of day trading for a living and the essential components for you to be successful. 

We discuss what to trade (or not to trade), why magic systems don't work, how to size your positions, basics of trading, the importance of psychology, and some of his favorite books.

This is a must listen to episode if you want to know how the sausage is made with successful traders.

"Surrender To What The Markets Give You."     - Chris Tate

Click to Tweet


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Chris Tate

Chris Tate is one of the first people to ever release a share trading book in Australia and has had an extraordinary impact on thousands of traders. Best selling author of The Art of Trading and The Art of Options Trading in Australia, his brutally honest approach and meticulous pursuit of excellence, ensure that exceptional traders all around the world quote his market comments.

He’s been running the 6-month repeat-for-free Trading Game Mentor Program for the past 20 years, and he’s also the founder of Trading Talking, a free weekly trading podcast.

Chris has seen all types of markets, traded practically every instrument available, and shown others how to profit from every market condition. He has the skills to help you increase the probability of radically jump-starting your returns. Unlike most other trainers who teach theory only, Chris is one of the few people who truly understands what does and what doesn’t work in the sharemarket. If you’re seriously after gigantic financial breakthrough in your own sharetrading results, you need to listen to absolutely everything that Chris has to say.

With a background as an immunologist and his previous work as a bouncer, Chris's life experiences will amaze you. When he’s not hanging out with his traders, he can be seen lifting weights at the gym, enjoying yoga, and trying to get a “personal best” time on the rowing machine in his garage.

 

Chris' Online Presence:


Book References:


Today's Panelists

Homeowners Insurance Innovations – How to Save Money On Your Insurance

Have you been over paying for your homeowners insurance? 

Would you even know if you were?

We interview industry insider Sean Harper about how he is innovating the homeowners insurance industry to reduce your costs by taking a different look at how the insurance companies calculate risk. Did you know these insurance companies are using the same methods from decades ago eventhough technology has allowed them to be more efficient? 

This insider interview has given me a lot of interesting insight in an industry we don't think much about, but should.

Insight From the Front Lines: Homeowners Insurance Innovations That Will Save You Money

by Sean Harper

We’re seeing unprecedented change in channels and distribution for property insurance, thanks to advances in technology and available data. Whereas underwriting control used to determine an insurance company’s profitability, distribution and customer control are now the strongest indicators of high margins.

Fueled by the commoditization of underwriting and evolving consumer behaviors, power dynamics are changing. Traditional carriers were once the most profitable, but today, the companies that own the distribution and customer relationships come out on top.

The Commoditization of Underwriting

One major contributor in insurance carriers’ lower margins is that underwriting has been commoditized. In other words, the product is so widely available, the only real factor that matters to consumers is price.

Online aggregators allow shoppers to see prices from a range of insurers, forcing carriers to compete on price and unify rates. Online packages, default coverages, and click-to-buy experiences further help commodify insurance to the point where customers can no longer tell the difference between products, despite the company or brand behind them. Plus, insurance has to contend with industry regulations that force similar coverage offerings and definitions.

Even when carriers leverage their consumer ratings and services, differentiation is still an uphill battle.

While there’s still some room for differentiation based on location (like specializing in home insurance for Florida, which is prone to catastrophic loss) and unique offerings, safer homes could further homogenize risks.

Changing Consumer Behaviors

Insurance has long lagged behind innovation, and that makes sense – it’s a risk averse industry. But that lag has led to a decades’ long gap between customer expectations and innovation that matches it. Complicating things further, other industries’ customer-centric approaches have been changing consumers’ buying patterns, building up expectations that the insurance industry’s traditional players are not prepared to meet.

While traditional carriers have primarily focused on product, insurtech distributors have focused on customer experience – market demand, not actuaries, guide product development.

Beyond product, insurtechs are building solutions that address ongoing customer pain points. Most customers want an easy online quoting and buying experience, immediate expert and personal guidance, quick and transparent claims processes, fair claims settlements, and instant communication. By using technology, insurtechs are streamlining what were once cumbersome processes into intuitive, user-friendly experiences.

For traditional insurers, customer satisfaction continues to be one of the biggest challenges – only 40 percent of property insurance customers had a positive claims experience with their insurance company. That’s a failing grade by any standard.

Power Dynamics Are Shifting from Carriers to Distributors

Given that carriers are struggling to differentiate their products and continue to fall short of customer expectations, it’s little surprise that power is shifting toward distributors and intermediaries. Because of their innovation, reliance on technology, and direct contact with customers, they’re best poised to meet consumer needs.

It used to be very expensive to become a carrier and data was difficult to get, and those conditions allowed carriers to control the transaction and therefore two-thirds of the profits four decades ago. But now that capital is easy to get and information is readily available, distributors and service providers control the transaction and get the lion’s share (about 60 percent) of the profits.

Although carriers can see the writing on the wall, most are not equipped to implement the technology they need to sell directly to consumers; struggle to reduce costs and be more efficient; and can’t compete with insurtechs who excel at technology, direct distribution, and cost reduction.

Insurance Distributors’ Stock Prices Continue to Climb

For proof of who controls the market, look no further than the financial environment surrounding insurance distributors and marketplace innovators. Once Lemonade, a property and casualty insurtech, went public, it closed at $69.41 on its first trading day – 139.3 percent above its offering price. It was the second best-performing IPO trading debut in 2020, and that activity will only further attract investor interest in the sector.

So far in 2020, share prices rose 80.7 percent for Lemonade (a direct-to-consumer insurer), 133 percent for Goosehead (a personal lines distribution platform), and 16.5 percent for EverQuote (an online auto insurance marketplace). Compare that to traditional property-casualty insurance carriers – like Allstate, Assurant, Federated National, Horace Mann, Mercury General, Progressive, State Auto Financial, United Fire Group, and  United Insurance Holdings – whose share prices dropped 24 percent this year.

By 2022, Lemonade’s revenue is expected to grow by nearly 61 percent, Goosehead’s revenue is projected to grow by almost 45 percent, and Everquote is expected to climb by 22 percent.

Whoever Controls Distribution Wins

All signs point toward a growing market interest in efficient and effective digital interactions and transactions, which is why more insurtech MGAs and startups will continue to gravitate toward full-stack operating models. There’s more regulation to contend with, but the ability to sell directly to consumers offers more flexibility and scalability. And the trade off is worth it: the more a company controls consumer interactions, the higher its margins will be.

To combat sinking profit margins, traditional carriers will likely try to regain control over distribution, but that will have its challenges. They’ll need to create the infrastructure to support direct sales, which may require reconfiguring their channels and implementing modern technology to support it.

About the Author

Sean Harper is the CEO and co-founder of Kin Insurance, an insurance technology company and home insurance carrier built to make insurance easy, efficient, and affordable. Previously, Sean founded FeeFighters, a payments company bought by Groupon, and TSS-Radio, an ecommerce company that became an Inc. 500 fastest-growing company. Before becoming an entrepreneur, Sean was a consultant at the Boston Consulting Group and an investor at Longworth Venture Partners. He holds an AB from the University of Chicago, where he studied economics and computer science, and an MBA from the University of Chicago Booth School of Business.

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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Sean Harper

Sean Harper is the co-founder and CEO of Kin, an insurance company built  from scratch on modern tech to make it easier and more affordable to insure  a home (especially in areas prone to extreme weather). A self-proclaimed  tech geek, Sean has spent his career developing apps to revolutionize  antiquated industries. When he realized that the homeowners insurance  industry was still being managed unlike any other consumer financial  products today (relying on paperwork, legacy IT systems, and distribution  through local brokers), he saw an opportunity. Sean co-founded Kin as a tech based insurance agency in 2016, and has grown it to a fully-licensed home  insurance carrier supported by a team of over 100 employees. With a focus  on world-class customer service, insurance literacy, and smart coverage, Sean  and his team are changing the way insurance is done.

Sean's Online Presence:


Today's Panelists

Roger Ibbotson – Yale Professor Talks About the Future of Interest Rates, The Stock Market, and More

This week we interview famed Yale Professor, Roger Ibbotson about the state of the stock market, the future of interest rates, value vs growth and how to look at the allocation of bonds in your portfolio.

roger ibbotson


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Looking for a better way to invest? 

Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.


Today's Guest:  Roger Ibbotson

Jeff is a multi-millionaire stock options trader and economist with nearly 20 years of experience under his belt. He failed building 4 businesses– even tried his hand as an online poker player, but learned each step of the way to becoming a multi-millionaire before the age of 35.  

Now he dabbles in virtually every aspect of the market, but has a special gift and passion for trading options and has become the #1 live-streaming stock options trainer in America. While he maintains a disciplined approach to the market, he’s also not afraid to make the big bets and swing for the fences when he thinks there’s an edge on a trade.

Raging Bull has a large following with over 2 million unique users on its website each month, a user base of over 500,000 paid and free members in their network and over 200,000 social media followers.

Roger's Online Presence & Reference Articles:


Today's First Time Panelist


Nicole Tanenbaum  |  Chequers Financial Management


Nicole Tanenbaum is the Chief Investment Strategist for Chequers Financial Management. She oversees all aspects of the investment management services offered by Chequers, from investment selection and asset allocation recommendations to portfolio implementation and oversight. Nicole has been in the investment industry for over 15 years, where she oversaw portfolio strategy and investments for ultra-high net worth clients at ICONIQ Capital, and managed portfolio analytics and investor relations for endowments and foundations at Watershed Asset Management, a $2 billion hedge fund. Additionally, Nicole’s commentary is regularly featured in the Washington Post where she provides ongoing perspective on the financial markets.

 


Today's Panelists