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SHOW NOTES FOR #059 – MULTIPLE STREAMS OF INCOME WITH THE CASHFLOW NINJA
In this episode, M.C. Laubscher (otherwise known as the Cashflow Ninja) shares his personal journey from world traveler and rugby athlete to real estate investor and cashflow master. He shares the challenges and education that propelled him to his current mission to help others better understand how they can generate and manage cashflow for retirement through multiple streams of income.
What You Will Learn
- Find out about the book that changed the way M.C. thinks about money
- How you can leverage your life insurance to purchase real estate and other investments
- Why most people’s “accumulation” approach to retirement is not effective for the long run
- The importance of thoroughly understanding your investments before purchasing
- The value of social media in growing your investments and business
- How you can create multiple streams of monthly income for your retirement years
Our Guest
MC Laubscher is the Cashflow Ninja
M.C. Laubscher is the president and chief wealth strategist of Valhalla Wealth Financial and the host of the popular business and investing podcast, Cashflow Ninja.
More About MC
- From South Africa
- When he graduated from college, he grabbed a backpack, suit case, $500 and set out to see the world
- Ended up in the US where he joined a competitive rugby league
- While playing rugby, he worked part-time in real estate doing maintenance, turn-over apartments, structuring leases, marketing, showing units, outside contractors
- Read Rich Dad Poor Dad by Robert Kiyosaki
- Purchased his first property
- Got his broker’s license – became part of an acquisitions team, did sales
- Formed Valhala Wealth Financial a few years ago
Valhala Wealth Financial
- Wealth management firm
- Help individuals, families, entrepreneurs, investors, small business owners
- Help people to build their wealth outside of Wall Street
- Helps people reposition their assets to have better control of their wealth plan, have safety of capital and be economically efficient as possible in regard to taxes, fees and interest paid to 3rd parties
Cashflow Ninja Podcast
- MC is the host
- Challenges the societal beliefs most people have about money
- Savings, investing, speculating, retirement
- Features guests who talk about how to create income streams and cash flow
- Topics have included real estate, music royalties and offshore coffee business investment
Lightbulb Moment
- Noticed that his clients that had done really well and were well-prepared for retirement, had worked hard at creating and building assets and income streams, that have regular monthly cash flow sources coming in
- Those who were not doing so well in terms of their retirement, had worked on the “accumulation theory” where you save, save, save and when they retire, withdrawal, withdrawal, withdrawal. The problem is, people are living longer, inflation, unexpected expenses and many people are running out of funds sooner
- Ongoing monthly income streams are the real security for the future
Biggest Mistakes
- Started out in real estate
- Not knowing the operations of his properties inside and out nearly destroyed his investing
- Handed over his properties to a property manager without knowing what he wanted them to do
- Now, he makes sure he knows all aspects of every investment he makes
Biggest Success
- His ability to grow and differentiate his company through various media
- He’s really a media company (YouTube videos, website, social media)
- Has had to master one social media at a time – Twitter and Instagram primarily
- Provide value, share information first
How His Company Helps Others
- Helps investors to create an infrastructure to help them capture their wealth
- Create a cashflow management system for their own personal and business economy
- Uses a special life insurance vehicle to accomplish this
- Uses a chassis of dividend paying whole life insurance with a mutual company – structured on the “Infinite Banking” concept
- A private contract between you and the insurance company
- Provides liquidity
- Guaranteed principal and interest rate
- You are also a shareholder and can share in dividends
- Growth inside this vehicle is tax-free
- Provides asset protection in most states
- Can secure real estate assets
- Can pass on benefits tax free to your children and grandchildren
How “Infinite Banking” Works With Real Estate
- You access your assets through policy loans through your mutual insurance company
- You borrow the funds from the “general account” of the mutual insurance company
- The loan is separate and does affect the cash value of policy
- A cash flow management system that you can control that redirects cash flows into your own economy
- You can also use this approach to fund college, help purchase a house for your kids and more
His Company
- He sees the current model of financial planning has failed a lot of people
- Sees his mission as helping peopleto create security in their wealth plan and leverage it for multiple steams of income
Rap-It-Up
- Favorite cash flow generating book: The Creature from Jekyll Island by G. Edward Griffin
- Favorite business book: The 4 Hour Work Week by Tim Ferriss
- Most valuable web site for success (other than your own): RichDad.com
- Favorite app: Dropbox
- If you had to start all over, knowing what you know, and you only had $1,000, what would you do to launch your business? Identify a problem that needs to be solved and post solutions on YouTube and other online portals. Target people that have that problem. Through networking with the groups, provide value and a product that can be offered online.
How You Can Reach MC
Special Offer for Old Dawg Listeners!
- To get a free copy of Becoming Your Own Banker by R. Nelson Nash
- Just send an email to info@cashflowninja.com and mention that you heard about the offer on the “Old Dawgs REI Network”
IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes, Stitcher, GooglePlay and iHeartRADIO and Subscribe, Rate & Review our podcast. This will greatly help in sharing this podcast with others seeking to learn real estate investing as a means to achieve a successful retirement.
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Episode Sponsor: Meno Studio – menostudio777@gmail.com
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