May 27, 2019
Chris Naugle is a real-estate guy, a money Guru, the co-founder and CEO of FlipOut Academy, a real estate education company that coaches its students how to get results and create passive income through real estate. He authored the book, “The Private Money Guide: Real Estate Edition: Solutions To Finding Money. Where To Go & How To Ask” and owns the podcast, The Real Estate Money School.
Chris has built and owned 16 companies since 1992. From a $500 loan and in his mom’s basement, to have a 10,000 sq ft incubator office space and a multi-million dollar real estate business that has done over 200 transactions since 2014.
In this episode of The Millionaire Mindcast, we have a stellar guest, Chris Naugle who will share nuggets about wealth building, unlocking financial freedom and actions, the sexy word of money and how it really works, making long-term and passive investments, understanding economic crisis, explains the importance of having financial education, and shares some techniques on securing and growing your wealth.
At the age of 16, Chris was degraded so much in his work and swear to himself he would never work for anybody again. Out from a scratch, he opened a clothing line business. To his dismay, Chris dad never gives his supports and wanted him to stop and work in a factory and get a retirement just like him but that wasn’t his dream. His mom is the only person who truly believed in him and always allows him to dream big. Furthermore, Chris struggled a lot and experience lots of ups and downs in his business to almost a bankrupt and getting back on track again. Until he ended up landing in the financial industry and serving as a financial advisor for 16 years while doing his business.
Chris noticed that there are so many people not living their dream, get stuck and doing something that they hate in their entire life because they don’t understand that everything is possible. They won’t take that extra steps to do it because nobody taught them what they need to do to make it happen. That’s why he created the Money School.
According to him, your dream should be the most important thing. Don’t fear to try and take the first step and never use the time and money as an excuse. Make your time to do it. There is so much money out there that you need to get into your dreams. Don’t hesitate to start from small, keep working hard, educating yourself, surrounding yourself with the right people, and never ask for money but offer an opportunity that can change people lives.
Some Questions I Ask:
- How did you get started and find your groove in this journey? (01:15)
- Why did you feel the need and the call in to create the Money School Podcast? (13:00)
- What’s the biggest thing you see holding a lot of people to pursue their dreams? (17:55)
- What are some of the lead dominos that you see needing to get stuck up before you can start talking all out? (28:01)
- What are some of your prediction on the economy over the next 12 to 24 months and how were you positioning yourself or how you recommending people to stay work and capitalized on what is to come? (42:59)
In This Episode, You Will Learn:
- Some of the valuable lessons he learned as a business owner. (05:55)
- The point where he almost wanted to quit. (07:18)
- How he gets back on track from almost bankrupt to 36 units of apartment buildings. (08:28)
- The pivotal moment for him to understands money. (08:54)
- The stuff he takes to learn more about how his business really works. (09:55)
- The things he learned in creating the Money School Podcast. (13:58)
- The two things that stopped people. (15:24)
- Understanding more about money. (19:03)
- Bull Market Cycle. (20:01)
- Three rules of money according to Warren Buffet. (20:21)
- How you do not lose money. (21:07)
- The solution to secure your cash. (22:40)
- Learning how banks work. (23:17)
- How to make money while sleeping. (24:40)
- 3 secure mechanisms for funding. (25:45)
- The most common mistake people do. (28:37)
- How to put your money to works. (30:46)
- How to make money from your 401k fund without losing money. (35:21)
- The economic storm preparation. (43:39)
Quotes:
- “I felt like I could do everything better than anybody else.”
- “My business was only able to grow because I could grow it.”
- “Life was good but there was something really wrong.”
- “I don’t have enough time... but I make time.”
- “Your dream should be the most important thing.”
- “Without my mom, I wouldn’t be here.”
- “Money shouldn’t be the burden that stops you from doing it.”
- “I didn’t get what I’m at because of not dreaming.”
- “The reality of dreams is right across the bridge.”
- “There is so much money out there.”
- “If I can do it, everybody can do it.”
- “Be the bank, do exactly.”
- “Never ask for money.”
- “The worst times in history are creating the biggest opportunities.”