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Ways Rich People Make Money With Debt | Sam Primm

Ways Rich People Make Money With Debt | Sam Primm

FromWealthy Way Podcast


Ways Rich People Make Money With Debt | Sam Primm

FromWealthy Way Podcast

ratings:
Length:
115 minutes
Released:
Nov 8, 2023
Format:
Podcast episode

Description

Sam Primm, known as "Faster Freedom" on TikTok and is a proponent of responsible debt use, is the opposite of financial expert Dave Ramsey. Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast---Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like my team to help build your personal brand? Apply to join Pineda Media at https://pinedamedia.com/podcastLooking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyCreate your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50dWant to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/You can invest in my real estate deals! Go to https://pinedacapital.com ---Connect with Sam! Instagram - https://www.instagram.com/samfasterfreedom/Podcast - https://podcasts.apple.com/us/podcast/the-fasterfreedom-show-real-estate-business-life-finance/id1638026588Sam'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 repetition, even when profitability is slow, and doesn't always stem from pure passion. This relates to the "hedgehog concept," which suggests picking something you're good at, can make money from, and enjoy doing.The conversation briefly mentions Gary Vaynerchuk, who advises starting podcasts with video components, providing both entertainment and motivation to watch.Both Sam and Ryan share their experiences with hardships in their businesses and how important it is to communicate with spouses during stressful times.To address differences in partnerships, the "serious conversation" is proposed, where both parties list what they don't like and what they want from each other. This facilitates mutual understanding.Diversifying income streams, while crucial for resilience during challenging times, should be a low priority when starting out in a business.Sam and his partner work different aspects of their business, creating a balanced partnership. Partnerships should have clear hierarchies or well-defined communication and expectations.When it comes to hiring employees, Ryan emphasizes the importance of trusting his gut, as he knows the company's intricacies better than anyone.
Released:
Nov 8, 2023
Format:
Podcast episode

Titles in the series (100)

The Ryan Pineda Show features inspiration, content, and top guests from all industries. This includes business, real estate, social media, sports, health, and entertainment.Ryan Pineda is an Entrepreneur, Real Estate Investor, Influencer, Retired Pro Baseball Player, and Best Selling Author. Visit RyanPineda.com to learn more about how we can help you! For inquiries please email media@ryanpineda.com