Featured Podcast:
Episode Twenty-Four: Do I Wait to Buy Real Estate with Economic Uncertainty?
| Inside this episode: We all know the real estate market is changing. In this episode, Lance and Randy share why these changes are creating a fantastic opportunity. However, the current market requires the investor to “be smart.” Learn tactics to “buy smartly” and discover why this is an optimal time to buy small apartments. |
Previous Podcasts:
Episode Twenty-Three: What Should You Do with Your Cash?
| Inside this episode: Investment options are in flux right now. Interest rates on typical investments have been at an all-time low for the last 12 years, and many people have their retirement funds in cash. Due to the fed raising interest rates on borrowed money, many investment options are improving — in many cases dramatically. This trend may only last a year or so. To take advantage of the changing economic environment, check out this podcast. |
Episode Twenty-Two: The 4 D’s – How to Simplify Your Day to Do Less and Get More Done
| In this episode, most people’s time is consumed by meaningless tasks, junk mail, and inappropriate use of their skills. Randy’s secret to simplifying your life, making better use of your time, and being more effective is implementing the “4Ds.” |
Episode Twenty-One: Alternative Retirement Plans for Self-Employed Small Biz Owners Who Are Less Than 10 Years from Retirement
| In this episode, Lance and Randy discuss your number one asset; your ability to earn an income. But what if life throws a curve ball at you that prevents you from working? What is your safety net? This episode illuminates why “safety nets” and “off-ramps” are imperative to the small entrepreneur. Lance and Randy explain how to forecast these and build them into your retirement plan, even if you are nearing retirement. While the episode focuses on the needs of entrepreneurs, it is also very relevant to W9 employees. |
Episode Twenty: Seller Financing and Other Ways to Fund your Real Estate Investments
| In this episode, Lance and Randy discuss how budding real estate investors can overcome one of their primary fears: Where to find the funds they need. They talk about the various ways to raise capital and the importance of seller financing. |
Episode Nineteen: Getting Started
| In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals. They tailor the discussion towards taking steps in the right direction to help start a career as real estate investor or entrepreneur. |
Episode Eighteen: Good and Bad Debt from a Financial Planning Perspective
| In this episode, Lance and Randy discuss the difference between bad debt and good debt – and how to use good debt prudently to make savvy investments that can pay dividends by producing income, leverage and appreciation in value.. |
Episode Seventeen: Year-End Tax Savings for W-2 Employees and the Self-Employed
| In this episode, Lance and Randy discuss year end tax savings strategies and the importance of being prepared with them months before you hit your tax preparer’s office. They also touch on health care deductions and the wisdom of such win-win strategies as having your children work for your business. |
Episode Sixteen: The Tax Saving Logic Behind Roth IRAs
| In this episode, Lance and Randy do a deep dive into the math behind the tax saving logic and advantages of having a Roth IRA, which they call “the granddaddy of IRAs.” They also discuss related issues like the Roth 401(k) and the “back door Roth.” |
Episode Fifteen: The Three Buckets of Real Estate Investing
| In this episode, Lance and Randy discuss what Lance calls “the three buckets,” or choices an investor can make – active, semi-active or passive – and how to find deals in any of those categories. |
Episode Fourteen: Year End Planning and Reducing Your 2020 Tax Bill
| In this episode, Lance and Randy recap some of the ideas presented in their previous podcast about Cost Segregation while going into more detail about how to benefit from the CARES Act. As we enter the fourth quarter of 2020, they also discuss practical strategies for year end planning and reducing our annual tax bill. |
Episode Thirteen: Cost Segregation
| In this episode, Lance and Randy interview Todd Strumpfer, Senior Account Executive with Cost Segregation Services. An expert with over ten years of experience, Todd discusses Cost Segregation and how it connects and builds upon standard depreciation. The three also discuss how the CARE Acts plays into it during this time of COVID-19. |
Episode Twelve: Self-Directing Your Retirement Options
| In this episode, Lance and Randy have a lively exchange about self-directing retirement options. In their view, a retirement account is like a shoebox with multiple investments you can choose and manage yourself – but there are three exceptions. They discuss the value of having a third- party custodian and the advantages of setting up an LLC to direct investments. |
Episode Eleven: Protecting Your Estate Plan
| In this episode, Lance and Randy discuss the need to protect your estate plan so that those you designate to inherit your assets when you pass away can acquire them in an efficient manner. Included among their topics is the importance of “beneficiary designation” and the importance of keeping your beneficiaries up to date as life circumstances evolve. |
Episode 10: Effective Team Management, Delegation & Implementation Strategies
| In this episode, Lance and Randy discuss the most effective ways to run an organization with a diverse staff, how to manage them effectively, how to delegate and implement everyone’s work and get it done right and on time for maximum results. |
Episode 9: Life Insurance – Is it a miracle, misunderstood, or simply a monster?
| In this episode, Lance and Randy look at life insurance from a birds-eye view and discuss the differences between term life insurance, permanent life insurance, and the value of a universal life insurance as well. |
Episode 8: The Amazing Benefits of Real Estate Depreciation
| In this episode of “Financial Independence – A Better Perspective”, Lance and Randy give an overview of the amazing benefits of depreciating real estate assets. Depreciation is almost like finding money on the street. It’s guaranteed income, and the IRS wants you to have it! You will definitely want to learn more about this under-appreciated income stream called “Depreciation.” |
Episode 7: Alternatives to the 1031 Exchange
| A 1031 Exchange allows capital gains taxes to be deferred when you sell income producing real estate. This powerful strategy protects your real estate investments from taxation and it allows you to grow your wealth faster and more efficiently. |
Episode 6: College: Is it worth it?
| In this episode, Randy and Lance discuss the various options available to college students and how to get the most bang for your buck. They review financial aid and financing, public vs. private universities, and the importance of the college experience. Additionally, they discuss the impact of COVID on the value of education today. |
Episode 5: What Is The Ideal Investment?
| In this episode, Lance and Randy discuss different viewpoints in finding the ideal investment. For Lance, the acronym I.D.E.A.L. works for real estate investing. Is the property: Income Generating? Does it have depreciation? Is there built-in equity? Does it have potential for appreciation? Is there leverage? |
Episode 4: Budgeting Cash Reserves
| Lance and Randy discuss the importance of budgeting cash reserves for unexpected emergencies and economic instability.
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Episode 3: What Happens If You Can’t Pay Your Rent Or Mortgage?
| Lance and Randy address the complementary issues of tenants who are unable to pay their rent and building owners unable to pay their mortgages due to the financial constraints during the pandemic. |
Episode 2: Working From Home/Cybersecurity
| Lance and Randy discuss the current “stay and work at home” phenomenon and the changes in communication that are taking place. The other topic they delve into is cybersecurity, which is Randy’s area of expertise. He discussed the importance of encrypting your phone and having a good password or fingerprint reader. They also talk about the evils of such intrusions as Ransomware and how to combat it. |
| Lance Edwards and Randy Luebke lay out the purpose of their dual podcast series, where they will cover topics such as financial independence, real estate investing strategies, and unique perspectives that many might not be aware of. This episode addresses the economic impact of COVID-19. Lance says it’s a good time to acquire assets, while Randy explains why it’s important to have a minimum of six, nine or even 12 months of cash on hand to survive a crisis like this. They offer advice on how to budget if you don’t have cash reserves on hand. |