In this episode of the Alchemist Nation Real Estate Podcast, I talk to Paul Rossano with whom a share a coach. I asked him why is such an amazing person to be hosted on the podcast. He says that he is blessed as well to be working with an incredibly brilliant gentleman by the names of George Anton and he has been working with George for the last 6 years. He says that essentially George is teaching the secret sauce and that’s the best way he can describe it. So many people bounce all over the place, trying to figure out the highest leveraged moves to build their wealth yet at the end of the day everybody wants to build their wealth as efficiently as possible with the least amount of risk and in the most efficient and fastest ways possible. Basically, George and he are teaching that topic called Hacking Finance.
To listen to Paul Rossano’s Alchemist Nation Real Estate Podcast on Anchor: #87 Alchemist Nation Real Estate Podcast – Hacking Finance With Paul Rossano
On behalf of the Alchemist Nation Real Estate Podcast audience, I asked Paul what is hacking finance. He says that in a nutshell hacking finance is essentially leveraging the financial system to work for you instead of working against you. He also says that for those who don’t know, the financial system is completely rigged and is designed to work against all of us. It is designed to work for the system and against us as consumers, as investors, as producers. So very powerful forces like inflation, interest, taxes, something called float where you keep your money while holding it. He further states that all these forces are designed to work against all of us which basically makes it the reality of it that most people are swimming upstream financially. Even if you’re investing and generating a positive ROI, we’re all streaming upstream financially because these forces are working against us, so hacking finance is teaching everybody who wants to learn, how to have these forces work for you. Building your wealth for you on autopilot, so literally goes from streaming upstream financially to streaming downstream financially.
He narrates that when his partner George was working for Intuit, a financial software as a developer, he discovered a secret formula which is a break-even formula and this formula basically shows what happens when you factor in inflation and taxes to what does to your ability to move forward financially even if you’re generating a positive return on investment. He states that the impact of inflation is enormous and when you have that working for you, there are several ways you can have it work for you but long-term fix rate debt when you’re encumbering assets that are appreciating. That break-even formula shows that if you own something free and clear like real estate even when it goes up, even when you want to sell it and have that money in the bank account, you’re paying taxes. The impact of inflation on the dollars, you’re literally losing money even when the value of the asset goes up over time when you do eventually sell it. So for long term fixed rate debt, now it is the time to get it and secure it for 30 years as long as you’re encumbering assets, you’re going to hold for an extended period of time and the value of those assets is going to go up over time, then you’re doing yourself a favor by getting that long term fixed-rate debt at such low rates right now.
I ask Paul how he got into real estate in the first place. He says that he graduated from college with a finance degree where he had no idea of what he wanted to do with his life even though he never wanted to do a 9 -5 job, he knew that he didn’t want to go to the corporate world. Six months after graduating from college, He met a mentor who got him into real estate and that was 1999 where he met a young successful real estate investor who owned a brokerage at the time. From there he started working full time in the real estate industry when he was 21 years old. He also says that he is the same person that got him into all personal development stuff like Tony Robbins, T. Harv Eker, and a whole bunch of non-stop just feeding his brain and mind with much knowledge and information, so that how he got into real estate at 21 years of age.
Paul offers 3 pieces of advice to 20-year-old Paul on how to be financially free and wealthy.
1) – Focus on stability first.
2) – Understand how the financial system works.
3) – Continue working on yourself and surround yourself with people that inspire you.
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To get in touch with Paul, visit http://paulrossano.com/
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