Money and Faith with Yonah Weiss
It’s not just what you can do with money, but how you feel, how you are, and what it creates for you.
Welcome back to the Micro Empires Podcast! I’m your host, Jennifer Ives Grimson. Today my guest is Yonah Weiss, a cost segregation expert, and a master networker. He is the founder of Real Estate Connections and is also the host of his podcast called Weiss Advice. In this episode, we’ll talk about how money and faith work together.
[00:01 - 12:14] Opening Segment
- I introduce Yonah Weiss to the show
- Yonah talks about his background and money culture growing up
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- Shaped by religion and faith
- Encouraged to work and pay for his own things at a young age
- Yonah talks about how faith affects him today and his changing attitude towards money
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- Connecting with the Creator
- Emulating the Ultimate Giver
- Withholding the blessing
- I share my past thoughts on financially independent people
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- Buddhism’s Eightfold Noble Path
[12:15 - 22:00] Journey to Cost Segregation and Self Evolution
- Yonah talks about his journey to becoming who he is now
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- Living with bare essentials as a student and as a teacher for 15 years
- Being a hard worker and a quick thinker
- Wake up call caused by a health issue in the family
- Having a financial mentor and loaning
- Yonah’s Realizations
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- Yonah learns much faster on the job than in the classroom
- Real Estate is an industry you can succeed in, even without formal education
- Madison Commercial Real Estate
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- Cost Segregation
- Helping people save taxes
- Networking with people
- Quick shoutout to my Podcast Producers: Streamlined Podcasts
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- Use promo code: JIVES and get a discount
[22:01- 28:47] Definition of Wealth
- Yonah shares his views on wealth
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- It’s not just what you can do with money, but how you feel, how you are, and what it creates for you
- It’s not about what you have. It’s about how happy you are with that
- Yonah’s first lessons with a billionaire who got in an accident
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- All wealth meant nothing
- Living life with fulfillment and purpose
- I also share my views on wealth
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- Time and options
- Yonah talks about how faith gives a sense of contentment with life
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- Not being driven by fear
[28:48 - 37:06] Cost Segregation & Starting Weiss Advice
- I share my thoughts on cost segregation
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- Advanced tool that people can use to avoid taxes
- Yonah shares his realizations with cost segregation
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- Helps people
- Promotes networking with people
- Opportunity to teach people
- Yonah’s talks about his podcasting idea and how he started his own show “Weiss Advice”
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- Majority of the podcasts that he have been on have a very similar space with real estate
- I share an episode from Weiss Advice about starting your own podcast
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- Using Linkedin
[37:07 - 47:03] Closing Segment
- Yonah shares his first time investing and how it failed
- Yonah talks about the best and worst advice that he received
- Best Advice: If you don’t expect anything from anyone, you’ll never be disappointed
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- Don’t let that be the source of your unhappiness
- Worst Advice: none
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- Yonah filters out the bad ones that’s why he couldn’t remember any
- Seven Habits of Highly Successful People by Stephen Covey
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- Stephen Covey helped Yonah look at things more systematically
- How to connect to Yonah
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- See links below
Tweetable Quotes:
“It’s not just what you can do with money, but how you feel, how you are, and what it creates for you.” - Yonah Weiss
“It’s not about what you have. It’s about how happy you are with that.” - Yonah Weiss
“Don’t push to do something that you’re not good at and passionate about just because you think you might make a lot of money out of it.” - Yonah Weiss
Resources Mentioned:
If you’d like to connect with Yonah, you can find him on Linkedin or you can visit his website www.yonahweiss.com. Listen and subscribe to his podcast Weiss Advice.
You can connect with me on LinkedIn, Twitter, Instagram, and Facebook. I’m excited to hear more about you. I’m excited to know more about you. Also, feel free to shoot me an email at jennifer@micro-empires.com. You can call or text 213-973-7206
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