How To Build Generational Wealth Without Raising Trust Fund Kids

Why I Sold 130 Rental Properties

🎯 JOIN THE BE WEALTHY MASTERMIND Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now. ━━━━━━━━━━━━━━━━━━━━━━━ Diversification Makes You Rich. It Won't Make You Wealthy. | Brett Tanner + Katelyn Mitchell Brett and Katelyn are recording live from Apple Mountain Resort in Georgia, two weeks after their family office closed on the 285-acre property. Before they get into their ten-things series, Brett lays out the argument that most agents and investors build portfolios the wrong way: lots of small bets feel safe, but they'll cap your wealth and bury you in management units. The episode covers five of ten things the wealthy gladly overspend on, and the real estate investor lens runs all the way through it. Brett's 130-unit portfolio versus Apple Mountain's one management unit makes the point better than any spreadsheet. Part two drops next week with the remaining five. ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 0:37 Apple Mountain Acquisition 3:05 Auction Due Diligence 9:44 Three Ways to Make Money 15:36 Concentrated vs. Diversified Bets 18:27 Wealthy vs. Fake Rich 22:42 Four Spending Categories 24:43 Time: Buying It Back 32:12 The Highest Dividend 36:00 Two Scorecards of Life 41:29 Health and Longevity 46:48 Sleep as an Investment 53:17 Learning and Skills 55:06 Paying for Expertise 1:00:30 Building a Mental Model 1:05:14 Kids Education and Exposure 1:08:45 Raising Non-Entitled Kids 1:14:38 Trusted Advisors 1:18:27 CPA and Tax Strategy 1:22:38 Estate Attorney and Fiduciary 1:27:30 Episode Wrap and Preview ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - The Millionaire Real Estate Investor by Gary Keller - The Millionaire Next Door by Thomas J. Stanley - The Psychology of Money by Morgan Housel - The Almanac of Naval Ravikant by Eric Jorgenson ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 GET CONNECTED Website: www.BeWealthy.com YouTube: youtube.com/@bewealthybrett Instagram: instagram.com/bewealthybrett Facebook: facebook.com/brettbewealthy X/Twitter: x.com/bewealthybrett ━━━━━━━━━━━━━━━━━━━━━━━ 🎁 FREE RESOURCES Some links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you. Free Tools & Downloads: https://www.bewealthybrett.com/resources Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com Infinite Banking Education: SaveLikeaBank.com Self-Directed IRA: MaxOutRetirement.com Trust & Entity Structure: SetupMyEstate.com Off-Market Deals & Direct Mail: TheMagicMailers.com 1031 Exchange: Exchange1031Now.com Bookkeeping & Financial Services: BooksOffMyPlate.com PPC & Digital Marketing for RE Investors: ScaleMyDeals.com ━━━━━━━━━━━━━━━━━━━━━━━ 🎙 ABOUT THE SHOW The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell. Mission: Get Free. ━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. ━━━━━━━━━━━━━━━━━━━━━━━ ABOUT THE CONVERSATION Brett and Katelyn recorded this one on-site at Apple Mountain Resort, the 285-acre golf and residential property their family office acquired two weeks prior. Brett makes the case that diversification is a path to getting rich, not wealthy, and that concentrated bets, executed well, produce the compounding that actually builds wealth. From there they cover the first five of ten things the wealthy actually overspend on: time, health and longevity, learning and skills, kids education and exposure, and trusted advisors. Part two drops the following week.

How Wealthy Agents Actually Spend Their Money

🎯 JOIN THE BE WEALTHY MASTERMIND Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now. ━━━━━━━━━━━━━━━━━━━━━━━ How Wealthy Agents Actually Spend Their Money | Brett Tanner Most people think rich people win by buying better stuff. They don't. They win because they refuse to buy certain things even when they easily could. In this episode Brett breaks down the five categories the wealthy systematically avoid spending on, from housing to cars to status, and shares the 30-33 housing rule that keeps his own payment under 2% of his income. ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 8:20 Why Wealth Is Subtraction 9:17 #1: Housing 14:48 The 30-33 Rule 16:40 #2: Cars 19:00 #3: Status Spending 24:54 #4: What Doesn't Compound 27:52 #5: Small Leaks ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - The Psychology of Money by Morgan Housel - Same as Ever by Morgan Housel - The Art of Spending Money by Morgan Housel - The Millionaire Next Door by Thomas J. Stanley - Buy This, Not That by Sam Dogen (The Financial Samurai) - Essentialism by Greg McKeown - Four Thousand Weeks by Oliver Burkeman - Die With Zero by Bill Perkins - The Almanac of Naval Ravikant by Eric Jorgenson - Atomic Habits by James Clear ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 GET CONNECTED Website: www.BeWealthy.com YouTube: youtube.com/@bewealthybrett Instagram: instagram.com/bewealthybrett Facebook: facebook.com/brettbewealthy X/Twitter: x.com/bewealthybrett ━━━━━━━━━━━━━━━━━━━━━━━ 🎁 FREE RESOURCES Some links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you. Free Tools & Downloads: https://www.bewealthybrett.com/resources [https://www.bewealthybrett.com/resources] Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com Infinite Banking Education: SaveLikeaBank.com Self-Directed IRA: MaxOutRetirement.com Trust & Entity Structure: SetupMyEstate.com Off-Market Deals & Direct Mail: TheMagicMailers.com 1031 Exchange: Exchange1031Now.com Bookkeeping & Financial Services: BooksOffMyPlate.com PPC & Digital Marketing for RE Investors: ScaleMyDeals.com ━━━━━━━━━━━━━━━━━━━━━━━ 🎙 ABOUT THE SHOW The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell. Mission: Get Free. ━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

Why Most Realtors Lose The Listing In The First 4 Seconds (René Rodriguez)

🎯 JOIN THE BE WEALTHY MASTERMIND Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now. ━━━━━━━━━━━━━━━━━━━━━━━ The Frame: How Top Agents Win The Listing Before They Even Open Their Mouth | Rene Rodriguez Rene Rodriguez has shared the stage with Tony Robbins, Gary Vee, and Ed Mylett. He spent 30 years studying the neuroscience behind why people say yes or no to anything. We get into the frame, the narrative gap, and the brain mechanics that decide every listing pitch before a single word is spoken. ━━━━━━━━━━━━━━━━━━━━━━━ 🎤 CONNECT WITH RENE Website: https://www.meetrene.com [https://www.meetrene.com/] Instagram: https://www.instagram.com/learnwithrene [https://www.instagram.com/learnwithrene] TikTok: https://www.tiktok.com/@learnwithrene [https://www.tiktok.com/@learnwithrene] Book: https://www.amplifiibook.com [https://www.amplifiibook.com/] ━━━━━━━━━━━━━━━━━━━━━━━ ⏱ TIMESTAMPS 0:00 Intro 1:24 Meet Rene Rodriguez 5:30 Growing Up Without Money 10:25 Why He Studied Neuroscience 12:00 Door-To-Door Cookware At 18 15:53 CEO At 22 During 9/11 18:30 Pivot Into Mortgage Sales 22:00 The PAP-CAR Sales System 30:00 Why Today Feels Like 2008 33:30 Run When Everyone Else Walks 36:00 Losing 100 Events In A Week 40:00 The Frame Explained 46:00 The Used Car Salesman Reframe 48:00 The Astronaut And The Lowest Bidder 53:30 The Narrative Gap 55:30 Watch Him Demonstrate It 1:04:00 Top 3 Books 1:13:00 60 Seconds With 21-Year-Old Rene ━━━━━━━━━━━━━━━━━━━━━━━ 📚 BOOKS & RESOURCES MENTIONED - Amplify Your Influence by Rene Rodriguez - Let's Get Real or Let's Not Play by Mahan Khalsa - You Can Have It All by Arnold Patent - The Four Questions by Byron Katie - WhisperFlow (AI voice dictation) - Ninja Creami (protein ice cream maker) ━━━━━━━━━━━━━━━━━━━━━━━ 🔗 GET CONNECTED Website: www.BeWealthy.com YouTube: youtube.com/@bewealthybrett Instagram: instagram.com/bewealthybrett Facebook: facebook.com/brettbewealthy X/Twitter: x.com/bewealthybrett ━━━━━━━━━━━━━━━━━━━━━━━ 🎁 FREE RESOURCES Some links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you. Free Tools & Downloads: https://www.bewealthybrett.com/resources [https://www.bewealthybrett.com/resources] Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com Infinite Banking Education: SaveLikeaBank.com Self-Directed IRA: MaxOutRetirement.com Trust & Entity Structure: SetupMyEstate.com Off-Market Deals & Direct Mail: TheMagicMailers.com 1031 Exchange: Exchange1031Now.com Bookkeeping & Financial Services: BooksOffMyPlate.com PPC & Digital Marketing for RE Investors: ScaleMyDeals.com ━━━━━━━━━━━━━━━━━━━━━━━ 🎙 ABOUT THE SHOW The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell. Mission: Get Free. ━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. ━━━━━━━━━━━━━━━━━━━━━━━ GUEST INFO Rene Rodriguez is a WSJ best-selling author, keynote speaker, and behavioral neuroscientist who has trained over 100,000 people in influence and communication. His company AMPLIFII works with leaders, sales teams, and speakers across the country.

How A Trusted Contractor Cost This Investor 2 Million Dollars

JOIN THE BE WEALTHY MASTERMIND Want to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now. Justin Colby: The 2 Million Dollar Mistake And The Public Comeback | Justin Colby Learn More About Justin: https://thescienceofflipping.com [https://thescienceofflipping.com/] Justin Colby has flipped over 1,500 houses and runs two podcasts. He came on the show to do something most operators won't: name a 2 million dollar failure he's currently working through, and explain how a contractor he trusted faked an entrie renovation. If you've ever bought a deal because of pride, this one's for you. TIMESTAMPS: 0:00 Intro 1:24 Dallas Snowstorm Story 5:14 Childhood Scarcity 9:34 Therapy Breakthrough 19:39 Three Levels Of Proving 22:00 The 2008 Wipeout 30:45 The Contractor Disaster 42:00 Building Up Vs Down 50:00 Five Hard Lessons 1:00:00 Rich Vs Wealthy 1:09:30 The 36-Month Trap 1:15:45 Closing Questions BOOKS & RESOURCES MENTIONED: - Buy Back Your Time by Dan Martell - The Obstacle Is the Way by Ryan Holiday - Think and Grow Rich by Napoleon Hill - The Seven-Day Weekend by Ricardo Semler GET CONNECTED: Website: www.BeWealthy.com YouTube: youtube.com/@bewealthybrett Instagram: instagram.com/bewealthybrett Facebook: facebook.com/brettbewealthy X/Twitter: x.com/bewealthybrett FREE RESOURCES: Free Tools & Downloads: https://www.bewealthybrett.com/resources [https://www.bewealthybrett.com/resources] Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com Infinite Banking Education: SaveLikeaBank.com Self-Directed IRA: MaxOutRetirement.com Trust & Entity Structure: SetupMyEstate.com Off-Market Deals & Direct Mail: TheMagicMailers.com 1031 Exchange: Exchange1031Now.com Bookkeeping & Financial Services: BooksOffMyPlate.com PPC & Digital Marketing for RE Investors: ScaleMyDeals.com ABOUT THE SHOW: The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell. Mission: Get Free. DISCLAIMER: Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. GUEST INFO: Justin Colby is the founder of The Science of Flipping podcast and coaching program and host of The Entrepreneur DNA podcast. He has flipped over 1,500 houses since 2007 and runs an active portfolio of apartments and rental homes out of Scottsdale, Arizona.

How To Build Generational Wealth Without Raising Trust Fund Kids

JOIN THE BE WEALTHY MASTERMIND Want to join a room of entrepreneurs who think bigger about money? Email Katelyn@bewealthy.com with the subject line "Be Wealthy Podcast MM" to learn more. Why Trust Fund Babies Fail (And How to Leave Wealth Without Killing Your Kids' Drive) | Marc Dearth Brett's personal estate attorney Marc Dearth — founder of Dearth Law in Atlanta — explains why the standard "health, education, maintenance, and support" trust quietly turns wealthy parents into trust fund baby factories. Marc walks through why mandatory distribution ages (25/35/45) destroy asset protection in a divorce or lawsuit, and Brett breaks down the specific incentive structure he wrote into his own trust — including matching his kids' tax-return earnings into approved investments and splitting the estate into separate buckets so the super-achiever and the artist are both treated fairly. This is the section of estate planning that most attorneys never bring up. TIMESTAMPS 0:00 The Trust Fund Baby Mentality 0:35 Why Achievers Get Penalized By Standard Trusts 1:25 Who Actually Decides — A Judge, Not You 1:55 The 25/35/45 Distribution Trap 2:25 The Divorce + Lawsuit Worst Case 3:05 Brett's Tax-Return Matching Trust Design 3:40 The Super-Achiever vs. The Artist Problem 4:15 Three Separate Buckets — One Per Kid 4:35 Why Brett Refused Mandatory Distribution Ages WORK WITH MARC Dearth Law: https://dearthlaw.com Marc on the web: https://dearthlaw.com/about GET CONNECTED Website: www.BeWealthy.com YouTube: youtube.com/@bewealthybrett Instagram: instagram.com/bewealthybrett Facebook: facebook.com/brettbewealthy X/Twitter: x.com/bewealthybrett FREE RESOURCES Free Tools & Downloads: https://www.bewealthybrett.com/resources Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com Infinite Banking Education: SaveLikeaBank.com Self-Directed IRA: MaxOutRetirement.com Trust & Entity Structure: SetupMyEstate.com Off-Market Deals & Direct Mail: TheMagicMailers.com 1031 Exchange: Exchange1031Now.com Bookkeeping & Financial Services: BooksOffMyPlate.com PPC & Digital Marketing for RE Investors: ScaleMyDeals.com ABOUT THE SHOW The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business — then teaches them how to think about their money. Because wealth is far more than money — it's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell. Mission: Get Free. DISCLAIMER Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only, and should not be relied on for tax, legal, or accounting decisions. Always consult your own advisors before taking financial action.