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Join us on Average Joe Finances as our guest Doug Lynam, a former Benedictine monk turned financial advisor and author, shares his unique life story, detailing his upbringing in an affluent family with financial struggles, joining the Marine Corps, and eventually spending 20 years in a monastery where he had to navigate its financial crisis. Through this journey, Doug developed a keen interest in finance, ultimately leading to a successful career as a financial advisor. He discusses his views on effective money management and introduces his latest book 'Taming Your Money Monster,' which combines the Enneagram personality system with financial behavior analysis.

In this episode:

• Discover how understanding your personality can expose hidden financial habits and help tame your "money monsters."
• Explore why true service and generosity begin with achieving personal financial stability.
• Unlock the power of aligning earning, saving, investing, and giving for long-term financial success.
• Understand how financial literacy is rooted in continuous self-awareness and personal growth.
• And so much more!

Key Moments:

00:00 Introduction and Guest Welcome

00:33 Doug Leham's Early Life and Family Dynamics

01:29 Journey to the Marine Corps and Monastery

02:14 Financial Awakening and Monastery Bankruptcy

04:32 Building a Financial Advisory Firm

08:06 The Enneagram and Money Monsters

11:27 The Four Pillars of Financial Success

13:36 Understanding the Enneagram Types

19:21 Transitioning Between Achiever Categories

19:48 The Value of a Good Enneagram Test

20:48 Understanding Money Relationships

22:05 Doug's Journey from Monk to Financial Advisor

23:11 The Final Round: Doug's Financial Insights

28:26 Doug's Recommended Reads

31:14 Where to Find More About Doug

32:58 Final Thoughts and Farewell

Find Douglas Lynam:

https://www.douglynam.com/

https://www.instagram.com/douglynam/

https://www.linkedin.com/in/doug-lynam/

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Ken Gee, founder and managing partner of KRI Partners, shares his inspiring journey from growing up in Toledo, Ohio, working as a CPA and commercial lender, to becoming a successful real estate investor. Ken discusses his transition from a corporate job to real estate due to the desire to spend more time with his family and avoid corporate pitfalls.

In this episode:

• Discover how a shift from CPA life to real estate investing gave Ken G. the time freedom he craved and how it can for you too.
• Uncover the power of value-add strategies in multifamily real estate and how a simple renovation plan turned Ken's first deal into a win.
• Explore why choosing high-growth markets like Florida using tools like U-Haul data can drive strong real estate returns.
• Take in Ken G.’s advice on avoiding shiny object syndrome and staying laser-focused to build long-term wealth through real estate.
• And so much more!

Key Moments:

00:00 Introduction and Welcome

00:59 Meet Ken Gee: From CPA to Real Estate Mogul

02:20 The Aha Moment: Balancing Work and Family

03:33 First Steps in Real Estate: Learning the Hard Way

10:46 Strategic Decisions: Selling and Reinvesting

12:38 Partnerships and Mentorship: Finding Your Gary

14:41 Evolving the Business: From Syndications to Funds

16:13 Why Florida? Strategic Market Choices

18:17 Analyzing Market Trends

18:47 Overcoming Barriers to First Deals

21:59 Mindset and Visualization

24:21 Biggest Business Mistakes

26:38 Advice for Real Estate Beginners

30:26 Final Thoughts and Resources

Find Ken Gee:

Website: https://www.kripartners.com/

LinkedIn: https://www.linkedin.com/in/geekennetha/

Facebook: https://www.facebook.com/people/Ken-Gee-KRI/100086519510719/

YouTube: https://www.youtube.com/@KenGee_KRI

Instagram: https://www.instagram.com/kengee_KRI/

Twitter: https://twitter.com/i/flow/login?redirect_after_login=%2Fkengee_kri

TikTok: https://www.tiktok.com/@ken_gee_kri?lang=en

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Richard Wilson, founder of the Family Office Club, shares insights on building an investor club and integrating AI tools to optimize investment processes. He details his journey into finance, starting businesses from a young age, and developing a blog that grew into a major platform for ultra-wealthy investors. Richard discusses the importance of in-person networking, focusing investments in familiar industries, and the value of advice from highly successful individuals

In this episode:

• Discover how in-person meetings drastically improve investor trust and success—16x more likely to say "yes."
• Uncover how Richard Wilson leverages AI to automate investor relations and streamline financial decision-making.
• Grasp why aligning your investments with your personal expertise significantly reduces risk.
• Absorb powerful mental models from billionaires to transform your investment strategies and mindset.
• And so much more!

Key Moments:

00:54 Meet Richard Wilson: Founder of Family Office Club

01:33 The Power of In-Person Networking

03:43 Richard's Entrepreneurial Journey

06:35 Current Business Focus and AI Innovations

07:53 AI Tools for Investors

15:45 Family Office Club and Investor Club Details

17:56 Final Round: Mistakes and Lessons Learned

22:29 Tips for Aspiring Investors and Entrepreneurs

24:42 Recommended Books and Resources

26:18 Closing Remarks and Contact Information

Find Richard Wilson:

Website: https://familyoffices.com/

Facebook: https://www.facebook.com/familyofficeclub

LinkedIn: https://www.linkedin.com/in/singlefamilyoffice/

Instagram: https://www.instagram.com/familyofficeclub/

Youtube: https://www.youtube.com/@familyofficeclub/

X: https://x.com/RichardCWilson

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Kevin Guttman, a seasoned reverse mortgage professional. Kevin shares his journey from managing his father's rental properties at a young age to entering the mortgage industry in 2004. He discusses the evolution of reverse mortgages, highlighting crucial changes made in 2015 to protect homeowners. Kevin explains the advantages of reverse mortgages for retirees, emphasizing the importance of financial education and multiple income streams

In this episode:

• Understand how reverse mortgages can provide tax-free income and eliminate monthly payments for retirees.
• Discover the updated regulations that make reverse mortgages safer and more accessible than ever before.
• Gain clarity on common misconceptions and why reverse mortgages aren’t just a “last resort” option.
• Explore how leveraging home equity strategically can fund retirement, long-term care, or new investments.
• And so much more!

Key Moments:

00:56 Meet Kevin Guttman: Reverse Mortgage Expert

01:20 Kevin's Journey into Real Estate

02:36 The Power of Real Estate in Building Wealth

04:50 Reverse Mortgages: An Overview

07:32 Regulations and Changes in Reverse Mortgages

11:04 Client Success Stories and Impact

14:07 Unlocking Equity and Financial Freedom

17:36 Diversifying Income Streams

19:05 The Reality of Retirement

19:50 Educating the Next Generation

21:33 Options for Aging Parents

22:57 Understanding Reverse Mortgages

24:56 Lessons from Financial Mistakes

29:59 Valuable Resources and Recommendations

31:20 Final Thoughts and Farewell

Find Kevin Guttman:

Website: https://heromortgageloan.com/

Facebook: https://www.facebook.com/LenderYouCanTrust/

Instagram: https://www.instagram.com/kevin.guttman

LinkedIn: https://www.linkedin.com/in/kevinguttman/

Youtube: https://www.youtube.com/@KevinGuttman

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

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Join us on Average Joe Finances as our guest James Hilovsky, CEO of the Fran Dream, shares about his journey from spending over 20 years in corporate America to becoming a successful entrepreneur. James shares his experiences in the fast food and franchising industry, working with NFL players on various business ventures, and how he now helps others become entrepreneurs by guiding them through the franchise selection process. They discuss the financial and personal freedom found in entrepreneurship, the costs and funding options for starting a franchise, and the top franchise opportunities available.

In this episode:

• Explore how franchising offers a structured path to entrepreneurship with built-in support and scalability.
• Learn why aligning franchise opportunities with personal skills and goals is key to long-term success.
• Discover how leveraging expert guidance can fast-track your journey from corporate life to business ownership.
• Understand that financial and time freedom through franchising is achievable—even without prior business experience.
• And so much more!

Key Moments:

00:00 Introduction and Guest Welcome

00:26 James’ Background and Career Journey

03:07 Transition to Entrepreneurship

04:09 Personal Finance and Entrepreneurial Insights

06:09 Franchise Costs and Getting Started

07:16 Helping Clients with Fran Dream

11:06 Top Franchise Opportunities

14:08 Personal Goals and Reflections

15:15 Final Round: Mistakes and Lessons Learned

18:27 Tips for Aspiring Entrepreneurs

20:21 Recommended Resources and Closing Remarks

Find James Hilovsky on:

Website: https://www.thefrandream.com/

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

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Join us on Average Joe Finances as our guest Pete Neubig, co-founder and CEO of VPM Solutions, shares his 30-year journey from an average student in high school to co-founding a company that specializes in providing virtual assistance for real estate and property management. Pete discusses critical lessons learned from his experiences in IT and real estate investment, including the challenges of managing low-income properties and starting a business.

In this episode:

• Discover how smart financial management fuels entrepreneurial success and business growth.
• Learn why focusing on one business venture is key to building lasting entrepreneurial success.
• Uncover how solving real-world problems can turn challenges into thriving real estate and tech businesses.
• Grasp how strong partnerships and aligned financial goals drive long-term success in entrepreneurship and investing.
• And so much more!

Key Moments:

00:59 Guest Introduction: Pete Neubig

01:34 Pete's Early Career and Real Estate Journey

05:04 Building a Property Management Business

09:08 Lessons Learned and Business Growth

16:52 Personal Finance Philosophy

21:51 The Importance of a Supportive Partner

22:34 First Investment and Financial Struggles

23:06 Current Real Estate Strategy

23:42 Retirement and Cash Flow Plans

24:49 Service-Based vs. Tech Businesses

26:11 The Role of a Partner in Financial Decisions

32:27 Lessons from Financial Mistakes

36:10 Advice for Aspiring Entrepreneurs

37:30 Recommended Books and Resources

39:07 About VPM Solutions

41:40 Conclusion and Final Thoughts

Find Pete Neubig on:

Website: www.vpmsolutions.com

LinkedIn: https://www.linkedin.com/in/pete-neubig/

Facebook: https://www.facebook.com/pete.neubig.1

X: x.com/VPM_Solutions

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

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Join us on Average Joe Finances as our guest Jay Balekar, shares his inspiring journey from growing up in India to becoming a successful real estate investor in the U.S. Jay discusses his background in cybersecurity, his early exposure to Robert Kiyosaki's 'Rich Dad, Poor Dad,' and how he transitioned into multifamily real estate. He emphasizes the importance of education, careful underwriting, having ample reserves, and the value of networking and mentorship.

In this episode:

• Explore how strategic self-education can accelerate your entry into multifamily investing.
• Uncover the power of networking and mentorship in scaling your real estate portfolio.
• Absorb the value of financial discipline—avoid risky debt and build strong reserves.
• Grasp why adapting to market shifts with operational excellence is key to long-term success.
• And so much more!

Key Moments:

00:00 Introduction and Welcome

00:55 Guest Introduction: Jay Balekar

01:30 Jay's Early Life and Education

02:38 First Steps into Real Estate

03:49 First Multifamily Property Experience

05:18 Challenges and Lessons Learned

14:00 Networking and Growth

16:49 Market Changes and Strategies

25:57 Final Round: Key Questions

34:54 Final Thoughts and Farewell

Find Jay Balekar on:

Website: https://www.prospercapitalco.com/

Facebook: https://www.facebook.com/jaideep.balekar

LinkedIn: https://www.linkedin.com/in/jaideepbalekar/

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

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Join us on Average Joe Finances as our guest Giang Nguyen from One River Capital, shares her inspiring story of transitioning from a biology major to real estate investing, starting with a single-family foreclosure and scaling up to a multifamily portfolio that allowed her to leave her W2 job and pursue her passion for salsa dancing. She discusses overcoming challenges, the importance of community and mentorship, and tips for new investors.

In this episode:

• Discover the power of aligning your investments with your personal "why" for lasting motivation.
• Absorb the importance of starting before you're ready—progress comes from doing, not waiting.
• Grasp how community and mentorship can fast-track your growth and minimize costly mistakes.
• Understand that calculated risks and collaboration are key to scaling your real estate portfolio.
• And so much more!

Key Moments:

00:54 Meet Giang: From Vietnam to Multifamily Investor

01:36 Giang's Real Estate Journey Begins

02:38 Scaling Up: From Single Family to Multifamily

04:15 The Importance of Taking Action

07:04 Finding Your Why in Real Estate Investing

11:01 Overcoming Mistakes and Learning from Experience

16:10 Tips for Aspiring Real Estate Investors

18:22 Recommended Books and Resources

20:37 Connect with Giang and Final Thoughts

Find Giang Nguyen on:

Website: https://onerivercapital.com/

Facebook: https://www.facebook.com/thatsalsainvestor/

Instagam: https://www.instagram.com/thatsalsainvestor

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

About Tawnya: https://www.themoneylifecoach.com/

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Support the show