Making Bank
Earning From Digital Payments With David Carlin #MakingBank #S7E04

Earning From Digital Payments With David Carlin #MakingBank #S7E04

August 15, 2022

In this episode of the Making Bank podcast, we welcome guest David Carlin. David is one half of the husband and wife duo, David and Patricia. David has been the leading expert in the digital payments and credit card processing industry for over 20 years. From the time he married his wife, they have been able to bring to life and grow some of the very first e-commerce brands online. The companies and brands that have benefitted from their efforts include Star Wars, Sony Music, Time Magazine, and even some of the early dating websites. Nowadays, the power couple strives to inspire young entrepreneurs and share their expansive knowledge of this now 400 billion dollar industry. Not only do they help couples in terms of their business, but they're passionate about helping them with the entrepreneurial lifestyle as well as strengthening their relationships on a personal level.

 

This week on the podcast, David explains how he and his wife got to where they are today and what you can learn from the training they provide. 

 

Listen to Josh and David discuss making money from your credit card:

 

(1:24) What Does David Do

David already owned his own retailing company, but when he married his wife, he fully submerged himself in the credit card processing industry. David and Patricia are brand payments and business experts. They help new businesses set up their credit card processing, and if you've got an established business, they'll help you make money faster. Through their company, Residual Payments, they train people on how to set up their own payment companies that can work alongside similar companies, so rather than being competition, they work together and use their power in numbers to get exclusivity and better rates. 

 

(9:10) Biggest Challenges David Faced Growing The Company

David believes that knowledge should be either free or as close as possible to being free. He truly believes in helping people become successful. So to grow their company, Residual Payments, David and his wife offered their program for just a dollar to join. That gave you access to live training, and they taught you everything you would need to know about the business. After your initial training, you're free to choose whether you want to work with them and move on to more extended training programs or branch out on your own. Most people would choose to work with them because it made more sense to have power in numbers rather than be the competition.

 

(13:11) The Training Program

By joining the training program, you are entailed to hundreds of hours of video content. There's live training, and you'll receive online support 24/7. David and his wife try to provide as much help as possible without doing the work for you. The program isn't meant to spoon-feed you to success; it's about empowering and enabling you to create success independently while being guided by David and Patricia.

 

(16:45) Top Three Things To Do When Training People

1. Whenever you're teaching someone, you have to make sure you're getting your point across, and that person is retaining the correct information.

2. Be accountable — most people, especially any entrepreneur, need to learn to be responsible. Sometimes it can get hard to hold yourself accountable, and that's why it's essential to have a group of people around you that can keep you accountable. 

3. Make sure you're honest with others and, more importantly, with yourself. Even if you're not the best at something, learn to admit that you aren't. Stay true to yourself and know where you stand so that you can always work to improve yourself and get better.

 

(22:20) The Takeaway

There are two things David always aims to do. The first is to inspire you, whether it's to learn from his example or to set out and do something completely different. The goal is to be an inspiration. The second thing is to empower people. You don't want to have to carry people on your back constantly. Find someone willing to work and help them improve, not by doing the work for them but by empowering them through your support.

 

Links mentioned:

Carlinglobal.com

Instagram: meetthecarlins

Facebook: facebook.com/meetthecarlins

LinkedIn: linkedin.com/in/david-carlin


Earning From Digital Payments With David Carlin #MakingBank #S7E04

Earning From Digital Payments With David Carlin #MakingBank #S7E04

August 15, 2022

In this episode of the Making Bank podcast, we welcome guest David Carlin. David is one half of the husband and wife duo, David and Patricia. David has been the leading expert in the digital payments and credit card processing industry for over 20 years. From the time he married his wife, they have been able to bring to life and grow some of the very first e-commerce brands online. The companies and brands that have benefitted from their efforts include Star Wars, Sony Music, Time Magazine, and even some of the early dating websites. Nowadays, the power couple strives to inspire young entrepreneurs and share their expansive knowledge of this now 400 billion dollar industry. Not only do they help couples in terms of their business, but they're passionate about helping them with the entrepreneurial lifestyle as well as strengthening their relationships on a personal level.

 

This week on the podcast, David explains how he and his wife got to where they are today and what you can learn from the training they provide. 

 

Listen to Josh and David discuss making money from your credit card:

 

(1:24) What Does David Do

David already owned his own retailing company, but when he married his wife, he fully submerged himself in the credit card processing industry. David and Patricia are brand payments and business experts. They help new businesses set up their credit card processing, and if you've got an established business, they'll help you make money faster. Through their company, Residual Payments, they train people on how to set up their own payment companies that can work alongside similar companies, so rather than being competition, they work together and use their power in numbers to get exclusivity and better rates. 

 

(9:10) Biggest Challenges David Faced Growing The Company

David believes that knowledge should be either free or as close as possible to being free. He truly believes in helping people become successful. So to grow their company, Residual Payments, David and his wife offered their program for just a dollar to join. That gave you access to live training, and they taught you everything you would need to know about the business. After your initial training, you're free to choose whether you want to work with them and move on to more extended training programs or branch out on your own. Most people would choose to work with them because it made more sense to have power in numbers rather than be the competition.

 

(13:11) The Training Program

By joining the training program, you are entailed to hundreds of hours of video content. There's live training, and you'll receive online support 24/7. David and his wife try to provide as much help as possible without doing the work for you. The program isn't meant to spoon-feed you to success; it's about empowering and enabling you to create success independently while being guided by David and Patricia.

 

(16:45) Top Three Things To Do When Training People

1. Whenever you're teaching someone, you have to make sure you're getting your point across, and that person is retaining the correct information.

2. Be accountable — most people, especially any entrepreneur, need to learn to be responsible. Sometimes it can get hard to hold yourself accountable, and that's why it's essential to have a group of people around you that can keep you accountable. 

3. Make sure you're honest with others and, more importantly, with yourself. Even if you're not the best at something, learn to admit that you aren't. Stay true to yourself and know where you stand so that you can always work to improve yourself and get better.

 

(22:20) The Takeaway

There are two things David always aims to do. The first is to inspire you, whether it's to learn from his example or to set out and do something completely different. The goal is to be an inspiration. The second thing is to empower people. You don't want to have to carry people on your back constantly. Find someone willing to work and help them improve, not by doing the work for them but by empowering them through your support.

 

Links mentioned:

Carlinglobal.com

Instagram: meetthecarlins

Facebook: facebook.com/meetthecarlins

LinkedIn: linkedin.com/in/david-carlin

Understanding Who You Are With Jerome Myers #MakingBank #S7E03

Understanding Who You Are With Jerome Myers #MakingBank #S7E03

August 7, 2022

In this episode of the Making Bank podcast, we welcome guest Jerome Meyers. Jerome once worked in corporate America at a construction company and was part of the team responsible for building a $20 million division. However, he believed that there was more to be gained from life, and being a part of corporate America wasn't helping him satisfy that itch, and that's why he left. Now, Jerome is a corporate America dropout who has become one of the world's most sought-after Thought Leaders and real estate entrepreneurs in the multifamily development space. His company, the Meyers development group, has been able to build a multimillion-dollar portfolio following the principles of his Meyers method. As a developer of people and places, Jerome has lived out his childhood dreams of helping people manifest the things they could once only imagine and create social proof that dreams can be real. Today, Jerome is the Founder and Chief Inspiration Officer of Dream Catchers and the Myers Development Group. Through these entities, he works to help others that are just like him exit the matrix that is corporate America.

 

This week on the podcast, Jerome talks about his journey and gives us tips for entrepreneurs getting started in the multifamily space. He also details why your inspiration is essential and why you should be genuinely passionate about your work.

 

Listen to Josh and Jerome discuss the lessons he learned on his entrepreneurial journey:

 

(2:24) Jerome's Introduction To Entrepreneurship

As a kid, Jerome exhibited early tendencies of most entrepreneurs; he sold candy at school and mowed lawns to make money. However, Jerome's introduction to entrepreneurship came when he was around 5. He was fascinated with the idea of being free and not having to work late so that he always had time for his family. He asked his mom about it, and she explained that to continue living the way Jerome was used to living, he'd need to be able to make money, and the best way he could make money and be free would be to be the boss and own his own company. 

 

(7:01) Leaving Corporate America

Jerome would get an engineering degree and start working for a construction company. Things would start off going smoothly for him, but on January 24th, he received a call informing him that he had to fire half of the team's employees. Even though the company was doing well, he still had to lay off those employees. Jerome remembers this as one of his most humbling experiences because he wasn't really a leader, he just had a title, and he was doing what he was told to do. That's when he decided to leave and figure out how to make it as a real estate entrepreneur.

 

(18:13) The Challenges Jerome Faced And How He Overcame Them

Jerome's most significant challenges came with his first real estate deal. He did almost everything wrong. He didn't get the correct permits, hired contractors that didn't perform, and created a business plan that flat out didn't work. He learned from that to stop operating with zero margins for safety. Always have a contingency plan because things won't go perfectly when you're doing something the first time. There are always going to be issues, so be prepared for them.

 

(20:48) Top 3 Things Jerome Learned

  1. Figuring things out on your own is the most inefficient and ineffective way of doing things. Hire someone that already knows what they're doing and make them work for you.
  2. Don't try to be self-made. Nobody is truly self-made. Humble yourself, learn to get help, and use other people who are skilled in areas you're not. Remember, you can only get so far on your own.
  3. Always believe in your dreams, no matter how outlandish they may seem. Most people haven't experienced freedom because they've never believed it was possible. The road to success is full of hardship, but your conviction will help you get through it.

 

(23:39) Jerome's Four Step Process

Jerome's four-step process is: Find it, Fund it, Fix it and Flip it. This goes for all types of business. Find a project, then bring in the capital and investors. Once you have sufficient funds, you want to execute your business plan so that you eventually get your initial investment back.

 

Links mentioned:

Jeromemyers.co

Instagram: coachjeromemyers

Twitter: CoachJeromeM

LinkedIn: linkedin.com/in/jeromemyers/

Gratitudegear.com — use code “makingbank10” for 10% off!


Understanding Who You Are With Jerome Myers #MakingBank #S7E03

Understanding Who You Are With Jerome Myers #MakingBank #S7E03

August 7, 2022

In this episode of the Making Bank podcast, we welcome guest Jerome Meyers. Jerome once worked in corporate America at a construction company and was part of the team responsible for building a $20 million division. However, he believed that there was more to be gained from life, and being a part of corporate America wasn't helping him satisfy that itch, and that's why he left. Now, Jerome is a corporate America dropout who has become one of the world's most sought-after Thought Leaders and real estate entrepreneurs in the multifamily development space. His company, the Meyers development group, has been able to build a multimillion-dollar portfolio following the principles of his Meyers method. As a developer of people and places, Jerome has lived out his childhood dreams of helping people manifest the things they could once only imagine and create social proof that dreams can be real. Today, Jerome is the Founder and Chief Inspiration Officer of Dream Catchers and the Myers Development Group. Through these entities, he works to help others that are just like him exit the matrix that is corporate America.

 

This week on the podcast, Jerome talks about his journey and gives us tips for entrepreneurs getting started in the multifamily space. He also details why your inspiration is essential and why you should be genuinely passionate about your work.

 

Listen to Josh and Jerome discuss the lessons he learned on his entrepreneurial journey:

 

(2:24) Jerome's Introduction To Entrepreneurship

As a kid, Jerome exhibited early tendencies of most entrepreneurs; he sold candy at school and mowed lawns to make money. However, Jerome's introduction to entrepreneurship came when he was around 5. He was fascinated with the idea of being free and not having to work late so that he always had time for his family. He asked his mom about it, and she explained that to continue living the way Jerome was used to living, he'd need to be able to make money, and the best way he could make money and be free would be to be the boss and own his own company. 

 

(7:01) Leaving Corporate America

Jerome would get an engineering degree and start working for a construction company. Things would start off going smoothly for him, but on January 24th, he received a call informing him that he had to fire half of the team's employees. Even though the company was doing well, he still had to lay off those employees. Jerome remembers this as one of his most humbling experiences because he wasn't really a leader, he just had a title, and he was doing what he was told to do. That's when he decided to leave and figure out how to make it as a real estate entrepreneur.

 

(18:13) The Challenges Jerome Faced And How He Overcame Them

Jerome's most significant challenges came with his first real estate deal. He did almost everything wrong. He didn't get the correct permits, hired contractors that didn't perform, and created a business plan that flat out didn't work. He learned from that to stop operating with zero margins for safety. Always have a contingency plan because things won't go perfectly when you're doing something the first time. There are always going to be issues, so be prepared for them.

 

(20:48) Top 3 Things Jerome Learned

  1. Figuring things out on your own is the most inefficient and ineffective way of doing things. Hire someone that already knows what they're doing and make them work for you.
  2. Don't try to be self-made. Nobody is truly self-made. Humble yourself, learn to get help, and use other people who are skilled in areas you're not. Remember, you can only get so far on your own.
  3. Always believe in your dreams, no matter how outlandish they may seem. Most people haven't experienced freedom because they've never believed it was possible. The road to success is full of hardship, but your conviction will help you get through it.

 

(23:39) Jerome's Four Step Process

Jerome's four-step process is: Find it, Fund it, Fix it and Flip it. This goes for all types of business. Find a project, then bring in the capital and investors. Once you have sufficient funds, you want to execute your business plan so that you eventually get your initial investment back.

 

Links mentioned:

Jeromemyers.co

Instagram: coachjeromemyers

Twitter: CoachJeromeM

LinkedIn: linkedin.com/in/jeromemyers/

Gratitudegear.com — use code “makingbank10” for 10% off!

Everybody Can Be An Entrepreneur With Andre Swanston #MakingBank #S7E02

Everybody Can Be An Entrepreneur With Andre Swanston #MakingBank #S7E02

July 31, 2022

In this episode of the Making Bank podcast, we welcome guest Andre Swanston. Andre Swanston was born in the Bronx, New York, and is a proven leader and entrepreneur with a wide range of experience in marketing, finance, and starting and scaling companies. Andre has also completed the fifth largest exit of any black CEO. He was the former CEO and Co-Founder of Tru Optik. Under Andre's leadership, Tru Optik has become the preferred over-the-top data and technology partner for many of the world's largest media companies, brands, and agencies. Before founding Tru Optik, Andre served as a Vice President of Investments at JP Morgan Chase. He also led the Media and Entertainment division at a boutique investment bank in New York City. Today Andre serves as the Senior Vice President of Media & Entertainment Vertical at TransUnion.

 

This week on the podcast, Andre dives into the future of digital media and OTT. He also talks about what it takes to be an entrepreneur, both in terms of the business side and the mindset perspective.

 

Listen to Josh and Andre discuss being an entrepreneur:

 

(2:18) Andre's Introduction To Entrepreneurship

Even from a young age, Andre always had an entrepreneurial mindset — he was always trying to do things differently. His first steps as a "real" entrepreneur would come in college; he was known as the Cables Zap guy. He bought a cable zapper for 350 dollars and charged people 100 dollars to zap their cables. Then once he had reached his junior year of business college, he started to work as a promoter for parties and events, and eventually, that led to Andre opening up his own nightclub at the age of 23. 

 

(7:46) Andre's Big Break In The Digital Space

Working as a small business owner exposed Andre to the types of media needed to market to people. He identified a massive opportunity in the future of marketing: the shift from traditional to digital media. Even though Andre didn't really have much venture capital behind him, he was able to get ahead of the curve because he bet everything on connected TV to be the future of media consumption, and he was right about it. 

 

(16:25) The Future Of OTT And Digital Advertising

Andre believes that the future of OTT and digital advertising is a company's ability to be agnostic. When it comes to privacy and someone who's going to be a steward of data, you need someone that you can trust. That's why while the space continues to evolve, there needs to be a responsible third party that can be trusted to be impartial and act as a source of truth and understanding.

 

(19:22) The Biggest Challenges That Come With Selling Your Company

Every industry is different, so depending on your industry, you will have different industry-specific challenges when you go to sell. With most businesses, you'd have to focus on traditional business metrics, but it's different when it's a tech startup. So it's essential to understand things relative to the industry you're in so that you can go about growing and valuing your business correctly. Surround yourself with people with a different natural market or relationships or network because it widens the opportunities for exposure for your business and lets you look at things differently.

 

(26:10) Tips For Entrepreneurs

There are a few things entrepreneurs need to focus on. The first is to get the most out of your life experiences. Your experiences are valuable because there are lessons to be learned. You don't need money, learn to trust your gut and motivate yourself. The second thing is to persevere — never quit early because you're going to regret it. As an entrepreneur, you need confidence, ambition, and the willingness to take risks, but it's only your ability to persevere that will keep you focused and ensure that you succeed.

 

Links mentioned:

Twitter: AndreSwanston

LinkedIn: linkedin.com/in/andreswanston/

Gratitudegear.com — use code “makingbank10” for 10% off!


Everybody Can Be An Entrepreneur With Andre Swanston #MakingBank #S7E02

Everybody Can Be An Entrepreneur With Andre Swanston #MakingBank #S7E02

July 31, 2022

In this episode of the Making Bank podcast, we welcome guest Andre Swanston. Andre Swanston was born in the Bronx, New York, and is a proven leader and entrepreneur with a wide range of experience in marketing, finance, and starting and scaling companies. Andre has also completed the fifth largest exit of any black CEO. He was the former CEO and Co-Founder of Tru Optik. Under Andre's leadership, Tru Optik has become the preferred over-the-top data and technology partner for many of the world's largest media companies, brands, and agencies. Before founding Tru Optik, Andre served as a Vice President of Investments at JP Morgan Chase. He also led the Media and Entertainment division at a boutique investment bank in New York City. Today Andre serves as the Senior Vice President of Media & Entertainment Vertical at TransUnion.

 

This week on the podcast, Andre dives into the future of digital media and OTT. He also talks about what it takes to be an entrepreneur, both in terms of the business side and the mindset perspective.

 

Listen to Josh and Andre discuss being an entrepreneur:

 

(2:18) Andre's Introduction To Entrepreneurship

Even from a young age, Andre always had an entrepreneurial mindset — he was always trying to do things differently. His first steps as a "real" entrepreneur would come in college; he was known as the Cables Zap guy. He bought a cable zapper for 350 dollars and charged people 100 dollars to zap their cables. Then once he had reached his junior year of business college, he started to work as a promoter for parties and events, and eventually, that led to Andre opening up his own nightclub at the age of 23. 

 

(7:46) Andre's Big Break In The Digital Space

Working as a small business owner exposed Andre to the types of media needed to market to people. He identified a massive opportunity in the future of marketing: the shift from traditional to digital media. Even though Andre didn't really have much venture capital behind him, he was able to get ahead of the curve because he bet everything on connected TV to be the future of media consumption, and he was right about it. 

 

(16:25) The Future Of OTT And Digital Advertising

Andre believes that the future of OTT and digital advertising is a company's ability to be agnostic. When it comes to privacy and someone who's going to be a steward of data, you need someone that you can trust. That's why while the space continues to evolve, there needs to be a responsible third party that can be trusted to be impartial and act as a source of truth and understanding.

 

(19:22) The Biggest Challenges That Come With Selling Your Company

Every industry is different, so depending on your industry, you will have different industry-specific challenges when you go to sell. With most businesses, you'd have to focus on traditional business metrics, but it's different when it's a tech startup. So it's essential to understand things relative to the industry you're in so that you can go about growing and valuing your business correctly. Surround yourself with people with a different natural market or relationships or network because it widens the opportunities for exposure for your business and lets you look at things differently.

 

(26:10) Tips For Entrepreneurs

There are a few things entrepreneurs need to focus on. The first is to get the most out of your life experiences. Your experiences are valuable because there are lessons to be learned. You don't need money, learn to trust your gut and motivate yourself. The second thing is to persevere — never quit early because you're going to regret it. As an entrepreneur, you need confidence, ambition, and the willingness to take risks, but it's only your ability to persevere that will keep you focused and ensure that you succeed.

 

Links mentioned:

Twitter: AndreSwanston

LinkedIn: linkedin.com/in/andreswanston/

Gratitudegear.com — use code “makingbank10” for 10% off!

Change The Way You Trade With Timothy Sykes #MakingBank #S7E01

Change The Way You Trade With Timothy Sykes #MakingBank #S7E01

July 24, 2022

In this episode of the Making Bank podcast, we welcome a guest for the second time — Timothy Sykes. Timothy was once an aspiring pro tennis player, but an elbow injury eliminated all chances he had of going pro. Since then, Timothy has set his focus on the stock market. Today Tim Sykes is a penny stock trader, entrepreneur, and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of his Bar Mitzvah money that he had saved up while in school. After becoming disenchanted with the hedge fund world, he established the Tim Sykes trading challenge to teach aspiring traders how to follow his trading methods. He has been featured in various media outlets, including CNN, Larry King, Steve Harvey, Forbes, the men's journal, and many more. Tim is also an active philanthropist and environmental activist and has donated millions of dollars because he wanted to give back and start impacting people's lives.

 

This week on the podcast, Timothy talks about how to be a successful trader and dives into the most common mistakes that most people make when starting in trades. He also gives many tips on improving your life, mindset, and becoming a better overall human.

 

Listen to Josh and Timothy discuss trading and life tips:

 

(5:25) Living The Life You Want To Live

Many people see Timothy with his laptop trading in some of the wildest and most ridiculous spots, and many think it's just to brag. To Tim, it's more about being able to document his life. He wants to show people you can take your laptop or phone anywhere in the world and still trade. Tim believes that you decide to live whatever life you want to live, so choose to live a life that's worth living no matter what other people think.

 

(9:58) Strategy For Success

Tim credits his success to his ability to be adaptable. Over the last few years, the world has been quite unpredictable, so your ability to adapt and overcome is essential, especially regarding trading. The most important thing is to be open to opportunities and adjust to take advantage of the opportunities presented to you. Listen to your heart, and don't be closed-minded — you'll be shocked at the life you can create.

 

(16:58) Tips For Trading

One of the best tips for trading is being able to cut your losses early. Don't be afraid of getting out; there's always going to be the possibility to buy back in later. Many people follow the crowd, but the results that come from trading are on an individual basis. Learn to keep your gains bigger than your losses and focus on trading individually. A lot of small gains add up over time. Being a successful trader means focusing on winning strategies and staying disciplined.

 

(21:41) Most Common Trading Mistakes

Tim talks about how he's made many mistakes trading because so many mistakes can be made. Some of the most common mistakes start with not cutting your losses quickly. Another mistake is putting all your eggs in one basket — 90% of traders lose, so you have to understand the game but don't try to do too much. Also, don't put off studying — trading is a game of preparation, but many people don't put in the time to prepare. Finally, no matter how much you prepare, you might still lose, so learn not to get discouraged by your losses and try again. Treat your losses as lessons.

 

(27:59) Be Real, Learn Discipline, And Work Hard

When it comes to being a better version of yourself, learn to be real — be natural and put yourself out there. Have a positive attitude, be authentic, think long-term, and then work on it every single day. In order to get better, you need to be disciplined, so learn discipline, build a foundation of knowledge and then work hard. While some people think that's boring — to a certain degree, that's true. However, just being an "exciting" person doesn't mean you are going to make money and be successful in life.

 

Links mentioned:

Timothysykes.com

Instagram: timothysykes

Twitter: timothysykes

Facebook: timsykesfans

LinkedIn: linkedin.com/in/timothysykes/

Gratitudegear.com — use code “makingbank10” for 10% off!


Change The Way You Trade With Timothy Sykes #MakingBank #S7E01

Change The Way You Trade With Timothy Sykes #MakingBank #S7E01

July 24, 2022

In this episode of the Making Bank podcast, we welcome a guest for the second time — Timothy Sykes. Timothy was once an aspiring pro tennis player, but an elbow injury eliminated all chances he had of going pro. Since then, Timothy has set his focus on the stock market. Today Tim Sykes is a penny stock trader, entrepreneur, and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of his Bar Mitzvah money that he had saved up while in school. After becoming disenchanted with the hedge fund world, he established the Tim Sykes trading challenge to teach aspiring traders how to follow his trading methods. He has been featured in various media outlets, including CNN, Larry King, Steve Harvey, Forbes, the men's journal, and many more. Tim is also an active philanthropist and environmental activist and has donated millions of dollars because he wanted to give back and start impacting people's lives.

 

This week on the podcast, Timothy talks about how to be a successful trader and dives into the most common mistakes that most people make when starting in trades. He also gives many tips on improving your life, mindset, and becoming a better overall human.

 

Listen to Josh and Timothy discuss trading and life tips:

 

(5:25) Living The Life You Want To Live

Many people see Timothy with his laptop trading in some of the wildest and most ridiculous spots, and many think it's just to brag. To Tim, it's more about being able to document his life. He wants to show people you can take your laptop or phone anywhere in the world and still trade. Tim believes that you decide to live whatever life you want to live, so choose to live a life that's worth living no matter what other people think.

 

(9:58) Strategy For Success

Tim credits his success to his ability to be adaptable. Over the last few years, the world has been quite unpredictable, so your ability to adapt and overcome is essential, especially regarding trading. The most important thing is to be open to opportunities and adjust to take advantage of the opportunities presented to you. Listen to your heart, and don't be closed-minded — you'll be shocked at the life you can create.

 

(16:58) Tips For Trading

One of the best tips for trading is being able to cut your losses early. Don't be afraid of getting out; there's always going to be the possibility to buy back in later. Many people follow the crowd, but the results that come from trading are on an individual basis. Learn to keep your gains bigger than your losses and focus on trading individually. A lot of small gains add up over time. Being a successful trader means focusing on winning strategies and staying disciplined.

 

(21:41) Most Common Trading Mistakes

Tim talks about how he's made many mistakes trading because so many mistakes can be made. Some of the most common mistakes start with not cutting your losses quickly. Another mistake is putting all your eggs in one basket — 90% of traders lose, so you have to understand the game but don't try to do too much. Also, don't put off studying — trading is a game of preparation, but many people don't put in the time to prepare. Finally, no matter how much you prepare, you might still lose, so learn not to get discouraged by your losses and try again. Treat your losses as lessons.

 

(27:59) Be Real, Learn Discipline, And Work Hard

When it comes to being a better version of yourself, learn to be real — be natural and put yourself out there. Have a positive attitude, be authentic, think long-term, and then work on it every single day. In order to get better, you need to be disciplined, so learn discipline, build a foundation of knowledge and then work hard. While some people think that's boring — to a certain degree, that's true. However, just being an "exciting" person doesn't mean you are going to make money and be successful in life.

 

Links mentioned:

Timothysykes.com

Instagram: timothysykes

Twitter: timothysykes

Facebook: timsykesfans

LinkedIn: linkedin.com/in/timothysykes/

Gratitudegear.com — use code “makingbank10” for 10% off!

The Money Multiplier Method With Brent Kesler #MakingBank #S6E52

The Money Multiplier Method With Brent Kesler #MakingBank #S6E52

July 17, 2022

In this episode of the Making Bank podcast, we welcome guest Brent Kesler, owner of The Money Multiplier. Brent was a chiropractor and chiropractic coach for over 14 years. However, after developing and implementing The Money Multiplier (TMM) Method, he could pay off over 984,000 dollars in 3rd party debt over the span of 39 months. Once he had realized how powerful the TMM method was, he became passionate about sharing it with others. His primary goal was to help more people understand how to manage and grow their wealth. After taking advice from his previous mentor, Brent started his journey to becoming a licensed producer. Over the last ten years, he has been lecturing thousands of people around the country on the dynamics of the TMM Method and helping individuals break the bonds of financial slavery and take control of their financial life. Brent passionately believes that whether you make $10/hour or $10,000/hour, you should know about and learn how to use this powerful information to control your money.

 

This week on the podcast, Brent talks about his money multiplier method. He explains the infinite banking system and how you can start putting your money in different areas and make it work for you.

 

Listen to Josh and Brent discuss the money multiplier method:

 

(2:42) Brent's Background

Brent used to be a licensed chiropractor and chiropractic coach; however, that didn't necessarily translate into patients lining up outside his clinic. He had precisely 984,711 dollars of debt to his name. When he first heard someone speaking about the infinite banking concept, like most people, he was skeptical, but finally, in 2008, he started implementing the idea in his life and was able to pay off his debt in 39 months. After seeing how well it worked for him, Brent has now shifted his focus to teaching others how they can implement the same concept in their lives and change their financial situation for the better.

 

(7:00) What Is The Infinite Banking Concept

So the idea around the concept is that you purchase a whole life insurance policy in a mutual company that pays dividends. It's not the standard whole-life policy that most agents try to sell you. It's a specifically designed and engineered whole-life policy that pays yearly dividends. The policy is designed so that you have high, immediate cash value to use from that policy and immediate means within 30 days. You probably haven't heard about this because the agent has to take a 60 to 90 percent cut in their commission to design this policy, and no agent wants to do that.

 

(10:28) How Does The Policy Work?

You can set up the policy with any amount. Whether it's 100 dollars or 100,000 dollars, the policy will work the same way. The policy has a guaranteed growth rate inside the contract. Typically it's between 4.7 and 6.2%. So you can take out money on a policy loan, which is borrowing money from the insurance company's general fund. However, since it's borrowed money, the money you put in continues to grow uninterrupted compound interest.

 

(14:56) How Long Do You Have To Pay?

How long you pay is up to you. Think of it as a deposit; you put money into an account you control, and those numbers continue to increase each year. Now, the dividends can fluctuate — one company may have a higher dividend this year, and then they may have a lower dividend next year. However, depending on how your policy is designed, it will be more efficient. 

 

(20:08) One Of The Tools The Rich And Wealthy Use

Brent explains that this isn't about you buying the policy right now. This is just one of the tools that the top 1% use to grow their money. Brent's goal is to teach and educate you on how you can design your policy to best suit your specific needs. He aims to share the money multiplier method so that you can drastically change your financial life, just like he did.

 

Links mentioned:

TheMoneyMultiplier.com

Facebook: themoneymultiplier

LinkedIn: linkedin.com/in/brent-kesler-324abb19/

Gratitudegear.com — use code “makingbank10” for 10% off!


The Money Multiplier Method With Brent Kesler #MakingBank #S6E52

The Money Multiplier Method With Brent Kesler #MakingBank #S6E52

July 17, 2022

In this episode of the Making Bank podcast, we welcome guest Brent Kesler, owner of The Money Multiplier. Brent was a chiropractor and chiropractic coach for over 14 years. However, after developing and implementing The Money Multiplier (TMM) Method, he could pay off over 984,000 dollars in 3rd party debt over the span of 39 months. Once he had realized how powerful the TMM method was, he became passionate about sharing it with others. His primary goal was to help more people understand how to manage and grow their wealth. After taking advice from his previous mentor, Brent started his journey to becoming a licensed producer. Over the last ten years, he has been lecturing thousands of people around the country on the dynamics of the TMM Method and helping individuals break the bonds of financial slavery and take control of their financial life. Brent passionately believes that whether you make $10/hour or $10,000/hour, you should know about and learn how to use this powerful information to control your money.

 

This week on the podcast, Brent talks about his money multiplier method. He explains the infinite banking system and how you can start putting your money in different areas and make it work for you.

 

Listen to Josh and Brent discuss the money multiplier method:

 

(2:42) Brent's Background

Brent used to be a licensed chiropractor and chiropractic coach; however, that didn't necessarily translate into patients lining up outside his clinic. He had precisely 984,711 dollars of debt to his name. When he first heard someone speaking about the infinite banking concept, like most people, he was skeptical, but finally, in 2008, he started implementing the idea in his life and was able to pay off his debt in 39 months. After seeing how well it worked for him, Brent has now shifted his focus to teaching others how they can implement the same concept in their lives and change their financial situation for the better.

 

(7:00) What Is The Infinite Banking Concept

So the idea around the concept is that you purchase a whole life insurance policy in a mutual company that pays dividends. It's not the standard whole-life policy that most agents try to sell you. It's a specifically designed and engineered whole-life policy that pays yearly dividends. The policy is designed so that you have high, immediate cash value to use from that policy and immediate means within 30 days. You probably haven't heard about this because the agent has to take a 60 to 90 percent cut in their commission to design this policy, and no agent wants to do that.

 

(10:28) How Does The Policy Work?

You can set up the policy with any amount. Whether it's 100 dollars or 100,000 dollars, the policy will work the same way. The policy has a guaranteed growth rate inside the contract. Typically it's between 4.7 and 6.2%. So you can take out money on a policy loan, which is borrowing money from the insurance company's general fund. However, since it's borrowed money, the money you put in continues to grow uninterrupted compound interest.

 

(14:56) How Long Do You Have To Pay?

How long you pay is up to you. Think of it as a deposit; you put money into an account you control, and those numbers continue to increase each year. Now, the dividends can fluctuate — one company may have a higher dividend this year, and then they may have a lower dividend next year. However, depending on how your policy is designed, it will be more efficient. 

 

(20:08) One Of The Tools The Rich And Wealthy Use

Brent explains that this isn't about you buying the policy right now. This is just one of the tools that the top 1% use to grow their money. Brent's goal is to teach and educate you on how you can design your policy to best suit your specific needs. He aims to share the money multiplier method so that you can drastically change your financial life, just like he did.

 

Links mentioned:

TheMoneyMultiplier.com

Facebook: themoneymultiplier

LinkedIn: linkedin.com/in/brent-kesler-324abb19/

Gratitudegear.com — use code “makingbank10” for 10% off!

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