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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

Sep 5, 2019

One of the biggest issues we have in our conversation about success is that it’s too business and money-focused. How can we build more effective businesses, while ensuring our drive for wealth doesn’t take over other aspects of our lives? What are some of the common regrets of top-level investors? 

On this episode, founder of Omaha’s Elite Real Estate Group, Elite Real Estate Systems and host of the Team Building Podcast, Jeff Cohn shares insights on how to build a successful life in all areas.


Remember that it’s not all about money. To be truly successful, you have to be winning in the personal, spiritual and physical areas of your life. -
Jeff Cohn

 


3 Things We Learned 

To build passive income, we shouldn’t just focus on flips

Flipping is exciting but it doesn’t create generational wealth. In fact, something most top-level investors can agree on is their regret for not holding onto their own properties. Rather than concentrating all our efforts on flipping homes, hold onto them as rental properties. 


We become more effective at using time when we leverage

As business owners, we want to be able to step away from our companies and still see growth. To do this, we need to hire people to perform certain activities, so we don’t have to. 


Pay attention to your purpose

Success is about more than financial gain. Our family life, health and spirituality all require our attention. It’s important to refocus on what motivated us to become successful in the first place. If we find we’re spending too much time and energy on making money, it may be time to slow down. 

 

Real estate is the best industry to build wealth - and if we start thinking differently about how to make money in the industry, the opportunities become abundant. Our goal should be to build businesses we can step away from. Allowing us to make money without trading in our most valuable asset - time.