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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!

Aug 1, 2019

When it comes to real estate investing, we have to be able to shift along with the market. How can we tell that the market is shifting, and how can we make smart decisions informed by market trends? Why is our emotional state important in our success? How can husbands and wives run businesses and get into alignment?

On this episode, I’m joined by investing couple and co-hosts of Both on Board, Ray and Christy Gonzalez, who share on their investing journey, and how they run their businesses.

You really have to have your emotional and inner game handled because the outer game is always a reflection of the inner game. -Ray Gonzalez

 

Three Things We Learned

The issue investors can face with rentals

Rental cash flow is consistently inconsistent. Something unexpected will always happen with a tenant, or the property. Rentals aren’t always the right option for everyone, especially if you want to opt for something more consistent. 

How to predict the market

When there’s a market storm on the horizon there are always clues. These include inverted yield curves, the stock market and real estate market showing weakness, and seeing more of a buyer’s market than a seller’s market. 

Why personal shifts affect us as much as market ones

Business is not just about what is going on in the market, people have cycles too, and we also shift. Our businesses and the decisions we make are also affected by what is going on with our lives and families. 

 

The truth about the real estate market is that there are always going to be shifts, and when a correction is on the horizon, the wise prepare. We shouldn’t be too tied to one vehicle of making money because things can change. In order to thrive through the shifts we have to make sure we lock in our emotional state, figure out our unique abilities, and walk on our wealth path.