Ep 18 - Building Your Financial Freedom Plan With Financial Advisor & STR Host Alan Franks

Published: Sept. 21, 2020, 1:56 p.m.

b"GUEST BIO\\n\\nAlan Franks is a Certified Financial Planner (CFP) and is the owner of The Mill Financial Partners. With each of our clients we discuss building wealth through real estate, and share my experience being hesitant about being an Airbnb host until he joined Mike's Short Term Rental Secrets Mastermind. Now Alan's helped clients purchase their dream mountain homes and beach homes all while building their net worth and increasing their cash flow.\\n\\nHIGHLIGHTS OF THE EPISODE\\n\\n04:55 \\xa0Alan\\u2019s introduction\\n\\n05:51 \\xa0How Alan started until where he is now.\\n\\n10:39 \\xa0What Alan regrets not doing.\\n\\n15:57 \\xa0People blending work and vacation.\\n\\n19:46 \\xa0Alan\\u2019s experience on having a blended portfolio.\\n\\n27:22 \\xa0What were the fears that Alan had coming into short term rentals?\\n\\n30:34 \\xa0Are you seeing more people in the financial planning space, bringing on vacation rental as part of the real estate side of portfolios?\\n\\n34:02 \\xa0How much does it cost you to live your lifestyle right now?\\n\\n42:53 \\xa0Is talking about good debt easier to have a conversation with other people nowadays?\\n\\n46:06 \\xa0What is Alan\\u2019s no. 1 secret for success from building cash flow and wealth.\\n\\n50:54 \\xa0Where can people get in touch with \\xa0Alan Franks?\\n\\nNOTABLE QUOTES (KEY LESSONS):\\n\\n\\u201cHaving some sort of software that helps pull everything together is really just a dynamite start to getting on the right track financially.\\u201d - Alan Franks\\n\\n\\u201cPeople spend money they don\\u2019t have on things they don\\u2019t want to impress people they don\\u2019t like.\\u201d - Will Rogers\\n\\n\\u201cWith the right systems; maybe it\\u2019s not a couple of hours a year, maybe it\\u2019s a couple of hours a week, But I\\u2019ll take that all day.\\u201d - Michael Sjogren\\n\\n\\u201cThe ability that we can go borrow somebody else\\u2019s money to buy an asset that we otherwise could not own by ourselves is really awesome.\\u201d - Alan Franks\\n\\n\\u201cI don\\u2019t think we\\u2019re ever gonna get back into the long term rental game. I think it\\u2019s gonna be short term rentals from here on out.\\u201d - Alan Franks\\n\\n\\u201cIf you really want to be financially free, just do this thing and it will happen very quickly.\\u201d - Michael Sjogren\\n\\nCONNECTING WITH THE GUEST\\n\\nWebsite: https://www.themillfp.com/\\n\\nPodcast: https://open.spotify.com/show/4d4R29uErSgGBd001mpDY6\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"