How to Think Like a Banker with Gary Boomershine - Episode 200
The Practical Wealth Show · Curtis May, Gary Boomershine
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
What is the true definition of wealthy? Why is there a need to shift to a banker's mindset to achieve more cash flow?
Gary Boomershine, the owner of RealEstateInvestor.com joins Curtis May in this episode. In 2005, Gary started to build and grow his real estate investing and property buying business. He identified the idea for his business after a family legacy in the real estate niche and a long successful career in entrepreneurship and developing technology markets.
He saw an obvious potential to leverage people, processes, and technology to obtain a competitive advantage in a dynamic and dog-eat-dog economy. Gary believes in a principle when acquiring a property: He said, "Love the cash flow, not the property." There are a lot of interesting topics such as The Tortoise Game, the light bulb, and the three buckets of cash.
Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
Links and Resources from this Episode
- www.practicalwealthadvisors.com
- Email Curtis for a free report - [email protected]
- Call his office - 610-622-3121
- Connect with Gary Boomershine
- https://realestateinvestor.com/
- https://www.instagram.com/realestateinvestorcom/
- https://www.facebook.com/RealEstateInvestorPage/
- https://twitter.com/reinvestorcom Special Listener Gift
- Schedule a 15-Minute Call with Curtis
- Free Ebook Financial Planning Has Failed Show Notes
- Who is Gary Boomershine- 0:43
- Why have a good mentor? - 2:28
- Going full-time in the real-estate industry - 4:00
- Buy location and value - 10:00
- Anybody can do real estate - 12:39
- What most people do not understand - 13:25
- The Freedom Code - 16:46
- The Tortoise Game: The difference between investors and business operators - 17:45
- The light bulb: The true definition of "wealthy" - 18:46
- The three buckets: Cash now, cash flow, cash later - 19:30
- Keep the best and sell the rest - 20:40
- Having capital is the key: Think MACRO! - 24:17
- Fall in love with the cash flow and not with the property - 25:43
- Buy the right Assets and be secure in Lending - 30: 30
- Build a business that works for you and understand the power of leverage - 32:33
- Real estate is nothing new under the sun, find somebody that made it work and follow - 37:00
- Think about the outcome, and let others plan for you - 39:45
- How to access Gary's book and other resources - 40:55
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
Make sure you're subscribed to the podcast so you get the latest episodes.