Episode 76: The Anti-Wall Street Approach to Real Estate Investing for Financial Freedom with Curtis May

Are you tired of the traditional financial advice that just doesn't seem to be moving the needle? Do you feel like you're stuck in the rat race, no matter how hard you work? If so, you're not alone. In this eye-opening episode, we sit down with Curtis May, the host of the Practical Wealth Show podcast and the founder of Practical Wealth Solutions. Curtis is a self-proclaimed "anti-Wall Street financial advisor" who has dedicated his career to helping people achieve work-optional income and financial freedom.In this conversation, Curtis shares his personal journey, from realizing the NBA wasn't in his future to discovering the power of the "velocity method" of personal finance. 01:18 - Curtis May's background and journey to becoming a financial educator 04:39 - Differences between Curtis's approach and traditional financial advice (e.g., Dave Ramsey) 08:29 - The importance of cash flow control and the "velocity method" of personal finance 0:11:33 - Leveraging real estate vs. investing in the stock market 12:33 - Why following the crowd is a recipe for financial disaster 14:02 - The five principles of personal finance: saving, protection, maximizing protection, liquidity, and velocity 23:14 - How Curtis works with clients to improve their financial efficiency and achieve their goals 31:44 - How to connect with Curtis May and access his resources Actionable Takeaways: Conduct a Cash Flow Audit: Analyze your current cash flow by tracking what's coming in and what's going out. Identify areas where you can optimize and keep more of your money working for you. Assess Your Insurance Coverage: Review your liability, homeowner's, and disability insurance policies to ensure you have adequate protection. Implement an umbrella policy to safeguard your real estate assets. Explore Infinite Banking: Look into the concept of "privatized banking" or infinite banking as a strategy to store your liquidity and leverage your own capital for real estate investments. Continuously Expand Your Knowledge: Commit to reading 10-15 pages per day on topics related to real estate investing, economics, and personal finance. Seek out educational resources that challenge your assumptions. Build a Diversified Network: Identify professionals in your network (e.g., lenders, attorneys, property managers) who can help you access private capital and uncover new investment opportunities. Key Quotes: “Investing is not about buying something, it's really about becoming so if you're going to do this, you got to want to learn to become a real investor, right? A person that takes control, that wants control of their money, their personal economy, call it” "The numbers tell a story, and so you need to know your story. That's what a game is, won and lost. That when money hit your account, what do you do with it?" “I want you to leave with this is not what you earn, is what you keep, and how hard it worked for you. So I would work on keeping more of it. And if you need help with keeping more of it, reach out.” Links Mentioned: Curtis May's website: https://www.practicalwealth.net/ Text "millionaire" to 833-442-0250 to receive a report on how to build wealth like Arnold Schwarzenegger Text "infinite real estate" to 833-442-0250 to receive a free report on infinite banking in real estate If you are interested investing in real estate and make connections, shoot an email grabthemap@gmail.com. Read on some of our blogpost http://grabthemap.com/.