Payback Time

My next guest shares his story of going to engineering school and racking up $50K in debt to getting a job to pay off that debt. Then he realized real estate investing can be a more effective way to not only pay off debt but to build wealth. In this episode, we talk about how long it took to pay off the debt, red flags to look for on the application, how much he charges per unit, and how he scaled...

Did you know a single word or phrase can transform a business? My next guest shares several examples of companies that changed the name of a product or business which resulted in millions of dollars of revenue. However, finding the formula for what words and phrases work best, can be a little easier said than done and I push the guest on that, later in the show. If you’re looking to level up your...

A lot of companies are looking for ways to improve marketing, sales, and operations and one of the first steps is to create a process map. My next guest has a background in process engineering and management consulting and he created a SaaS company that helps automate process mapping. In this episode, we talk about why he built this company, what specific problems it's solving, and how he plan...

My next guest is a private equity investor who shares his back story of building 4 different companies. 3 were failures and 1 was a success where he had a 7-figure exit. The most important part of our discussion was his top 5 business ideas for 2024 and why. Please welcome, LaSean Smith. Key Timecodes (00:58) - Show intro and background history (04:02) - Deeper into his background history and busi...

My next guest works for a company that is disrupting the real estate industry. In today’s market, paying a realtor 4% to 5% on a $1M dollar home for a week or two of work is becoming a tough pill to swallow. The question is, what other options do you have? The answer is PropertyGuys.com where you can list your properties for a flat fee. In this episode, we talk about the fees, the potential revenu...

My next guest is a freelance writer with over 10 years of experience, specializing in the field of personal finance, and with a particular interest in the scientific research behind irrational money behaviors. She started her career as an educator and her background in education allows her to make complex financial topics relatable and easily understood by the layperson. Please welcome Emily Guy B...

A lot of entrepreneurs make the mistake of putting all their eggs in one basket. In other words, they only invest in their company and when they plan on retiring, they can’t sell their company. My next guest is a financial planner who specifically helps small and mid-sized business owners get on the right track with selling their companies. In this episode, she talks about the 5 pitfalls to avoid...

Investing and trading are two very different strategies and the question is, can you actually make money with trading? In most cases no but there is one strategy where you can make money and that strategy is forex trading. My next guest shares his humble beginning as a trader where he lost $30K and then turned that painful event into a teachable moment, to learn how to invest the correct way. In t...

My next guest has about 6 decades of experience in finance and shares her story of becoming an executive in the early 1970’s when women leaders in business weren’t common. She then shares her humble journey of becoming an author and eventually writing 28 New York Times #1 Best selling books on Money, which led to being featured on Oprah. She has a passion for helping families, especially children,...

My next guest built an app that helps ecommerce brands sell NFTs on Shopify. As we talk about in this episode, building an app for an app store can be a great way to generate passive income. In this episode, we talk about the status of their company, their revenues, and their roadmap to go viral. Please welcome, Eric Mchugh. Key Timecodes (00:57) - Show intro and background history (07:00) - Deepe...

My next guest was a salon employee making $18/hour as a cosmetologist. She hit a wall with her income limitations and decided to start her own business with no savings and no plan B. Within a year her net income went up to $80K and that’s when she decided to level up again. She decided to automate her salon where she works about 3 days per month and generates $8,000 net income. Now she works about...

My next guest is a tech consultant who helps businesses move from Web 2.0 to Web 3.0. In this episode, we talk about what Web 3.0 is and why it matters. We also talk about how businesses can use Web 3.0 in practical ways that actually solve problems, as opposed to using Web 3.0 lingo as a superficial marketing play. Please welcome, Alexandra Nicorici. Watch on YouTube . Payback Time Podcast A Podc...

My next guest built a B2B Real Estate SaaS that saves real estate agents a significant amount of time. Researching details on properties can require 3 to 4 hours of work. This software reduces that time down to 30 minutes or less. In this episode, he talks about how he built the company and how he was able to bring in 1,200 customers in just 3 months. Watch on YouTube ! Key Timecodes (01:05) - Sho...

My next guest shares his story of selling 3 other businesses including one for over $100M. Now he’s on a mission to to make finance more approachable for families, especially kids. In this episode, he breaks down the 7 money skills the app teaches and how they can transform the financial future of any child’s life. Please welcome, Scott Donnell. Watch full episode on YouTube Key Timecodes (01:04)...

My next guest shares his big mistake with real estate investing in 2008 and then walks us through his story of leaving a successful career as a robotics engineer and going full-time with real estate investing. As we talked about on this podcast, single family is not where you make big money with real estate, you need to move into syndicates which is exactly what my next guest did. In this episode,...

My next guest grew a landscaping company to $10M in revenue and sold the company for an 8X multiple on EBITDA. He then started a tech company that can be described as “Uber for Lawncare”. It took 5 years to get the business moving, but now that the company is 10 years old, it’s on track to generate $30M in revenue. In this episode, we talk about mistakes made, lessons learned, and what marketing s...

My next guest was once a cab driver, then a teacher, and then a financial planner. In this episode, he talks about common investment mistakes people make and we also use Tykr to dive into some of the stocks in his portfolio. Watch full episode on ⁠⁠⁠⁠⁠YouTube.⁠⁠ Key Timecodes (00:42) - Show intro and background history (03:34) - Deeper into his background history and business model (07:43) - Under...

Do you think you won’t retire? Believe it or not, most people feel this way and in some cases, it’s not a money issue, it’s a mindset issue. My next guest is a wealth advisor who places a high emphasis on mindset and how shifting your perspective can help give you more peace of mind with your finances. Please welcome, Tyson Ray. Watch full episode on ⁠⁠⁠⁠YouTube.⁠ Key Timecodes (00:46) - Show intr...

My next guest started his career as a financial advisor but quickly learned about some of the negatives of that industry. He decided to switch to entrepreneurship and real estate and was able to obtain financial freedom at age 28. In this episode, he touches on some of the problems with the financial advisory industry and why there are much easier ways to build wealth than just throwing your money...

Do you want to learn how keep 30% to 40% of your profits? The big issue a lot of small business owners face is they don’t pay themselves enough. This leads to lower salaries, more constraints within their personal life, and no money to invest in the stock market or other wealth-building channels. My next guest is a coach who uses the Profit First methodology to help small business owners keep more...

Do you want to learn how to sell enterprise clients? My next guest has an enterprise SaaS or in his words, DaaS (Data as a Service) which is on track to generate 8 figures in revenue in 2023. In this episode, we talk about how to acquire and onboard enterprise customers, how long the sale cycle takes, how much they charge per client, how much they raised to date, and how they will continue to scal...

Do you want to learn how to create $1.7 million in semi-passive income per year? My next guest is a non-food franchise investor and consultant. He has a passion for helping people escape the rat race and create semi-passive income streams. In this episode, we break down the numbers on three different non-food franchise models. A few of which can generate $1.7 million a year in revenue and one of w...

Do you want to learn how to create $3,500 in passive income per month? My next guest was able to do that with Laundromats. In this episode he talks about how to get started, what to look out for when purchasing a laundromat, and what kind of profit you can expect to generate per month because $3,500 is just the beginning. Please welcome Jordan Berry. Watch full episode on YouTube. Key Timecodes (0...

This next season is going to be big! We started a YouTube channel for Payback Time and we already recorded close to 10 episodes. Some of the highlights include a guy who generates $3,500/month in passive income with laundromats, a guy who helps entrepreneurs create semi-passive income with non-food franchising including a model that makes $1.7M/year, and a woman who helps business owners keep 30%...

My next guest is a lifetime athlete who applies the same strategies of losing weight and getting in shape, to building wealth. It’s all about celebrating the small inputs and not dwelling on the final results. The problem is, that most people go into a goal focused on the results which is why they fail. If you want to lose weight, you need to focus on the consistent daily steps and celebrate when...