Archive Monthly Archives: July 2018

Episode 040 – How Did Sam Fragoza Build His Wealth Using Kiyosaki’s Rich Dad Poor Dad Principles?

In Episode 040, Jack has invited Mr. Samuel Fragoza, who is a song writer, children book author, video blogger and an all around creative. Samuel spends his time speaking into peoples lives through music, acting, and writing.  He also does a bit of acting and gets behind the camera and has been involved with production for the last two years with his company Fragoza Media. When Samuel is not on stage or in front of the camera, you can find in front of an elementary school giving a talk on learning disabilities and sharing his children's book “Josh and the Sock Army.”  

Samuel will share how he builds his wealth using the principles he learned from Robert Kiyosaki's best-selling book Rich Dad Poor Dad.

The growing up story of Sam - Ask the Right Question!

"I grew up in a middle class family. My Dad was a government worker. I didn't have a best friend with a rich father giving me different advice on money.   I have never heard of a lot of the things in Rich Dad Poor Dad.  I do know when you say things like, "I can't afford that", it stops your brain from working.  You're basically shutting off your brain. You need to  figure out how you can afford something instead.  

My dad had a great job with the government and made decent money.  But there were times when we said "we can't get that because we can't afford it."  And I grew up with that mentality. Rich Dad Poor Dad definitely changed my life for the better." 

I Emptied My 401K because it makes no sense!

I emptied out my 401k because I'm looking at the returns from what I'm getting right now. I'm going to get 6 to 12% a year. Well, if I pull that out and put that into scalable things, then my return on those things are going to be much more exponential in the long run. And so I actually had a conversation with the guy who was running it. I think it was working with Charles Schwab where my 401k was and he said "you're paying a penalty for pulling this out early."  And I basically told him "I'm playing such a different game now.  I'm not playing this long game of put a little bit away and hope I have enough to retire. I already know I won't have enough to retire because people my age will need $5,000,000 to retire comfortably if they want to retire at the age of 65. Well at the rate that I'm going, I ain't going to have $5,000,000, so I'm either going to work till I'm dead or I'm going to take a shot on myself and my talents and my abilities to make money."

Know What Are Assets and Liabilities

Everyone has two columns in their life whether they want to admit they have two columns or they don't.  One of their columns are their liabilities. Everything that costs you money is a liability. Your rent, your car, your house, your food, your video games or movies that you watch, you going out to eat.  Whatever you spend money on, that's a liability.

Whatever makes you money without you doing a damn thing, that's an asset. If you can figure out a way to make assets (and it didn't happen overnight), assets will start appearing. And I've pulled up all my different accounts that I have for all my different assets. I was like here's the money from this account. It's not much of the amount of money there right now, a couple hundred dollars. That's not very impressive last year. But that was the first year. Next year, I'll try to double that and once it takes off then there'll be a couple thousand dollars a year from one asset that I'm not doing anything for.  And then I got another asset and repeat the process. 

Samuel's Most Favourite Quote
"20 years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines sail away from the safe harbour, catch the trade winds in your sails. Explore. Dream. Discover." ~ Samuel Clemens 


Want to know more about Samuel? 
Facebook: https://www.facebook.com/MoreThanRules
Twitter: https://twitter.com/samfragoza
Instagram: https://www.instagram.com/samfragoza
Email: samfragoza@gmail.com
Website: https://www.youtube.com/channel/UCSGHhfWdoYgQxCSWQw5lYkw

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Episode 039 – How did Sam Fragoza Manage to Fuel With Passion and Energy to Do What He Loves?

In Episode 039, Jack has invited Mr. Samuel Fragoza, who is a song writer, children book author, video blogger and an all around creative.  Samuel spends his time speaking into peoples lives through music, acting, and writing.  He also does a bit of acting and gets behind the camera and has been involved with production for the last two years with his company Fragoza Media. When Samuel is not on stage or in front of the camera, you can find in front of an elementary school giving a talk on learning disabilities and sharing his children's book “Josh and the Sock Army.”  

Samuel will share how he gets started on his entrepreneurship journey fuelling with passion and energy in order to touch many people's lives, and why he is doing what he loves because of his missions and visions.

Dyslexic and yet Samuel was able to overcome obstacles to obtain his Undergraduate and Master Degrees

"I'm dyslexic  ... but have all interpersonal skills and communication skills and non-verbal reading skills and now I can read too. I almost feel like a double threat. I'm unstoppable. Not even my parents knew that I was dyslexic. No one knew I couldn't read until I got kicked out of college and before I finally addressed my reading program, I eventually went back. 

I have many friends and even family members who would look at what I'm doing and say I'm not successful. There are things in my life that I have done and I was very successful at. Like if you want to say, hey, I produced an album. I was successful and when I was in high school I was a successful wrestler and I wanted to publish a book and I was successful as far as financially successful and being able to do this in the entrepreneurial road is so much different. This is the best way to explain it. When I was 24 years old, I had no degree. I had created nothing. All my friends were out of college. They had already graduated. They had already started to buy houses.  So I graduated with my undergraduate degree at 24 and my master's degree at 27.  When I hit 27, all my friends said, "Dude, you're so ahead of the game. You got your master's degree."  But a year before that or two years before that, I was feeling like I was the one super far behind and people were telling me that I need to pull my life together.

I do music and children's books because ...

"I want to tell people about being dyslexic and you can be successful regardless of you struggling to read, especially in today's society with technology that we have and then to my music ministry is called #MoreThanRules.  My mission with that is to make sure that people understand that God is so much more than a bunch of rules that you got to follow to get him to love you.  I'm just really trying to spread love and grace with my music and that and not worry about too much about trying to be holier than people or making people followed what I want them to follow. I really just want to love on people. I just want to show people love and grace through my music and that kind of drives me."

I work because I choose and not have to ...

"You know, as well as I know that's only 40 hours a week. And for an entrepreneur that's half the week. So really I'm only going to be working halftime the way that I see it and I can still do my music.  On the weekends, I'm actually gonna use most of my income to pay someone full time to book me. There won't be any time that I'm not working. I'll be working a day job. And then, during the nights I'll be playing shows and I'll have someone who's doing all my secretary work and booking for me and booking book reads on my days off. And it's going to be a crazy two or three years out in the midwest with a lot of work to be done and a lot more foundation, to be done. But it's so cool going back into a "job".

I don't feel any pressure like I need the job. if I get a phone call tomorrow and it's like "We decided we don't need you", it's cool. It wouldn't matter because I've been doing this on my own for so long.  This is a great example. So I flew back to California and my plan is to come to California to visit my family because I haven't seen them for awhile and then grab the rest of my stuff and drive back to the midwest during the trip instead of just coming out to California, I booked myself solid up from the day that I landed. I've had gigs. And so it's a nonstop week and a half of working, so people are like, hey, you flew out to California for a nice little vacation. Yeah. Nice little vacation where I'm going to make a couple thousand dollars and then drive that. It's not really vacation. I'm doing what I love. I got for read across America coming up next week or this week. Right now. I got book reads everyday Friday."

Samuel's Most Favourite Quote
"20 years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines sail away from the safe harbour, catch the trade winds in your sails. Explore. Dream. Discover." ~ Samuel Clemens

Want to know more about Samuel? 
Facebook: https://www.facebook.com/MoreThanRules
Twitter: https://twitter.com/samfragoza
Instagram: https://www.instagram.com/samfragoza
Email: samfragoza@gmail.com
Website: https://www.youtube.com/channel/UCSGHhfWdoYgQxCSWQw5lYkw

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Episode 038 – How Did Jim Mosquera Help Small to Mid Sized Business to Overcome Business Challenges in Today’s Economy?

In Episode 038 , Jack has invited Mr. Jim Mosquera, a Principal at Sentinel Consulting, a small business financing, and debt restructuring firm, and an author of three non-fiction books in the Escaping Oz series. According to Dun & Bradstreet's 2014 survey, in the next 60 minutes, 12 businesses will file for bankruptcy and another 317 will have suits, liens or judgments filed against them. Financial crises, whether they occur in an economy or within a business, occur slowly then suddenly. There are key decisions made within a business enterprise's lifecycle that will ultimately determine financial viability. 

Jim will share his experience from his business consulting journey in helping small to medium sized business, primarily in the US, and his three pillars at Sentinel Consulting in doing so, i.e. general business consulting work, alternative finance and debt restructuring.

A Business Consultant Using Applied Mathematics to Solve Business Problems

I always had a very strong interest in businesses and how businesses ran, did well in math in high school, so that made me a good candidate.  I guess to proceed through engineering school and that's why I pursued industrial engineering. Industrial engineering does a good job of bridging that gap between the hard engineering science and how businesses work. Of course, that's what engineers do. We solve problems. After I graduated from college, I went to work in the telecommunications field, which was interesting because I never really got to apply anything that I studied in my engineering program person per se, and I began working in telecommunications, was kind of at the forefront of a lot of the technological developments that you see today, what we call the Internet.  About four years ago, I started a consultancy called Sentinel Consulting, which has three main pillars to it. It has general business consulting, alternative finance, and debt restructuring and debt mediation.

Three Pillars at Sentinel Consulting

The first pillar is general business consulting. What I try to do is to identify things that may impair cashflow in an organization and sometimes it may be looking at financials, but again, since I have a technology background, I can look at things that are technologically oriented and point out perhaps deficiencies that then need to be followed up on maybe by some of my business partners.  The second pillar is alternative finance which means, at least in the US, the avenues for small to midsize business owners to pursue for capital acquisition that are outside of the traditional commercial banking system.  The third pillar really focuses on companies that are in trouble because of the debt problem.  And when they find themselves in trouble, they need to do some debt restructuring or in the case that they're facing civil litigation in the US because of the debt problem, they need some debt mediation because in the US that problems do not resolve themselves in course.

Educating Clients by Writing Non-Fiction Books

The non-fiction series is under the title of "Escaping Oz".  There are three books of escaping. The first one was written a little bit after the financial crisis in the US around 2010. And part of what I did there was to show the origins of our problems, why they really haven't been resolved.  Remember my background is in engineering. So if I see a problem I'm looking for its resolution when I see it from an economic perspective or financial perspective. And we really haven't resolved anything. We just kind of put a bandage over it for now. And yeah we've stopped the bleeding.  The third one is called escaping as an observer's reflections and it is organised like a regular book. But within each chapter, I made it a lot of series of very short articles. So you can go into a chapter and then got an article you want to read and five minutes later you're done. And I did that primarily because at least in the US, there seems to be a reluctance for people to read and sit down and learn. And so I did it in that fashion to give people small chunks of information but really the gist of the book is how we've asked governments at least federal government to do so much for us, but statistically we know we've asked them to do too much because the funded debt of the US is now some 21 trillion and growing. And so we've asked government to do all these things, but at the same time we have all of these unintended consequences as a result of what we've asked government to do. And let's face it. Sometimes those consequences not only affect individuals but small businesses like we're talking about today.

Jim's most favourite quote
The mind, once expanded to the dimensions of larger ideas, never returns to its original size.” ―Oliver Wendell Holmes

Want to know more about Jim? 
Facebook: https://www.facebook.com/motherindustrialist
Twitter: https://twitter.com/TheSentinelMan
LinkedIn: https://www.linkedin.com/in/jim-mosquera-2400b971/
Email: jim@sentinelconsulting.biz
Website: http://www.sentinelconsulting.biz

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Episode 037 – How did Neha Gupta help students to get scholarship and achieve their dreams?

In Episode 037, Jack has invited Ms. Neha Gupta, who is an author, speaker, founder of College Shortcuts and Elite Private Tutors with over a decade of experience in education industry. Tireless motivator and a tutor for teenagers,  she knows exactly what it takes to help students achieve their dreams, gain scholarships, get admitted to the best universities and follow their passion. Though her 2 companies Neha has helped over 14,000 students get into the colleges of their dreams in the past 12 years.

Neha's story included how she found her passion at such a young age and why it is important to have the passion for what you do.  She has also shared how she achieved her 10-year goal in 2017 and how she still stays consistent even during times she may not want to continue.

What's Neha passionate about?

My parents were brought up in India and they moved to the US and the one thing they always said was that education is your golden ticket. So I was brought up really as an overachiever. I was very driven and motivated. I really enjoyed competing really with myself to see how good I could get and I think it also relates to entrepreneurship and a lot of ways.  It's about how much hard work and determination do you have and what types of standards do you set for yourself? So eventually what happened was I was a teenager and I started to tutor kids and I really fell in love with it. I was very passionate about it. And what ended up happening was I still took jobs that were corporate for a little while and then eventually I realised that my side hustle of tutoring really had to become full time because it's what I love doing. And so I really enjoy it. And I help kids to really combat any of the questions they have around their self-worth or any of their motivation in they have. And I tell them, "there's a strategy behind anything."  One of the best parts is that a lot of kids change their belief systems. They changed their mindset and these are important things to learn how to younger age. Because changing these as an adult is so much harder."

How does Neha hire A-player to join her team? 

There are going to be times when you're tired as the leader and you need your team to be there for you during those times.  So I have been one to always hire what I call the A- player" In the early days I did not realise this and it really hurt my business when I did not hire an A-player.  When I hire A-players,  even my tutors will go through about 100 resumes to hire just one tutor. That's a lot of resumes to go through before making a decision to hire someone. I also take referrals really seriously. One of the big hacks I would tell an entrepreneur is to ask your other friends who are also entrepreneurs, if they have someone that they're not utilising fully, that you could share because a lot of these people are well trained and they're already trained by another entrepreneur.  A lot of people are willing to share their resources or they know somebody. I found some of the best people just by putting out a Facebook post, which sounds unbelievable, but my own network itself was so strong that people want to support you. I would say that's really important and is finding the right people to execute the system that you build.

What's Neha 10-year goal she achieved in 2017?

In 2017 I was at a conference and they had put together an organization called World Teacher Aid. It's basically 40 entrepreneurs that came together to build schools in Africa. I always wanted to build a school overseas and that's actually based on my ancestry. My grandfather built one of the first universities in India that gave free education to women. So education is really run through my family very intensively, not just me starting this, but all the way back generations. And I lost my father when I was a teenager. And so last year I partnered with all of these people to build this school and I named a classroom after my father's name. And he used to bring teachers from India to the US to further education in areas of the US where no one wanted to go be a teacher, so smaller villages and in the places that most teachers don't want to work. He was bringing these incredible math and science teachers. And for me, I wanted to build his classroom in his name. So that was my 10 year goal and it was how I give back at a level that's much larger than just tutoring and test prep and getting kids into college. It's all of these clients that we worked with have now contributed to kids in Africa getting an education. To me, if my goal, if I can have eventually in my lifetime 100 schools built, that would be incredible.

Being a "CEO" of myself and my team?

CEO means "Chief Emotional Officer".  I have to maintain my own emotions and then I have to maintain the emotions of my entire team. To me, if I can't get myself in check, it is really hard to run a company. Some of the things that happened that result in me getting lower is one and these sound like simple things. But if I don't move my body, whether it's a workout or something, I will start to see lowering my emotions. Second is meditation. If I have that in my life, I'm a much nicer person and I'm connected to myself. So no matter what fire comes my way as an entrepreneur, I know that it's happening for a reason and I will make it through it. And then three, I think the big thing for me is sometimes what happens is I hustle and grind so hard because I care so much about what I'm doing that I forget about all the other parts of my life.

Most favourite quote
"Businesses that succeed are simple and not sexy. They are wash, rinse, repeat. Find what works and do it over and over and over again.”

Want to know more about Neha? 
Facebook: ​https://www.facebook.com/nehagupta515
Twitter: https://twitter.com/HoustonTutor/following
LinkedIn: https://www.linkedin.com/in/neha-gupta-92183512/
Email: neha@eliteprivatetutors.com
Website: https://collegeshortcuts.com/

Did you like what you heard?

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