Rich on Money

Why Most Investors Don’t Need an LLC

LLCs in real estate are one of the most overhyped topics out there, and most people completely misunderstand what they actually do. In this episode, I break down how LLCs really work, what they’re supposed to do, and why so many of the claimed benefits are either exaggerated or flat-out wrong. I cover the biggest myths, including liability protection, tax write-offs, and the idea that an LLC can somehow help you build business credit with no money or experience. I also explain the real downsides that people don’t talk about—higher costs, more complexity, harder financing, and the risk of thinking you’re protected when you’re not. If you’ve been told you need an LLC to be a “real” real estate investor, or that it will somehow unlock more money, more credit, or more protection, this episode will set the record straight. No hype. No fluff. Just how it actually works in the real world.

You’re Being Lied To About Real Estate Investing

Most people get into real estate investing because they’ve been sold a lie. They’re told they can do it with no money, no experience, no credit, and somehow replace their income in a few months. It sounds exciting. It sounds like a shortcut. And it’s exactly how a lot of beginners end up losing money, going into debt, and quitting. In this episode, I break down the biggest lie in real estate investing and why it’s so convincing. I walk through the most common strategies being pushed right now—BRRRR, no money down, creative financing, wholesaling, using other people’s money—and explain what actually happens when beginners try them. I also explain what I did instead. No hype, no shortcuts. Just real estate done the boring way that actually works. If you want to build wealth with real estate without blowing yourself up financially, this episode will save you time, money, and a lot of frustration.

The Dirty Secret Behind 6% Commissions

In this episode of Rich on Money, I break down one of the most misunderstood parts of real estate: commissions. We walk through where commissions actually come from, why sellers typically pay both sides, and why buyers are still indirectly paying even when they think they are not. I also explain what changed with the National Association of Realtors settlement and why those changes have had very little real impact in markets like mine. We also take a hard look at For Sale By Owner and why it often does not work the way people expect, along with a realistic discussion of whether real estate agents are actually worth the money. I share my own experience as both an investor and agent, including how much I truly save on commissions and why it is not nearly as much as most people assume. This episode is about cutting through the confusion so you understand how the system works and can make smarter decisions in your own real estate deals.

Avoid this $10,000 landlord mistake by trusting science over yourself

Why do smart landlords still choose terrible tenants… and lose thousands doing it? Because most of them make one crucial mistake: they trust their gut. In this episode, Rich breaks down the psychology behind bad landlord decisions using lessons from Thinking Fast and Slow by Nobel Prize winner Daniel Kahneman. You’ll learn why your “good feeling” about a tenant (or contractor, or new hire) is usually a trap — and why simple checklists beat interviews and instincts every time. Rich exposes the five hidden brain biases that trick smart investors into bad picks, shares real stories of costly mistakes, and shows how a few objective criteria can protect your rentals, your money, and your sanity. If you want fewer evictions, fewer headaches, better tenants, and more profit, there’s one rule you must follow: 👉 Stop trusting your gut. Start trusting the data. This episode changes the way you think about tenants, hiring, business, and investing forever.

Here is why getting rich fast fails - every time

Everyone wants to get rich fast — and that’s exactly why most people stay broke. In this episode, Rich Carey lays out The Rich On Money Manifesto — the no-hype, no-guru, no-shortcuts philosophy behind real, lasting wealth. From maxing out IRAs early, buying boring cash-flow real estate, ignoring crypto and day trading, to running rentals like a business instead of a charity, Rich breaks down what actually works in the real world. No gimmicks. No hype. Just systems, discipline, math, and patience. If you’re tired of chasing hot tips, TikTok “gurus,” and get-rich-quick schemes — this episode will completely reset how you think about money, real estate, and financial independence.