Course: Victory Mastermind
Overview: To Victory is a community/course that shows people how to live off the grid, unlock your inner potential, and how to grow passive investments.
Rating (1-10) –
Course Review –
Notes:
Self Reliance
Strategic Prepping
Gardening
Richer Every Day
Phase 1 – Mind & Body
1. Becoming Aware of Your Money Patterns
2. Meet the Chemicals That Control Your Mind
3. Uncover Your Subconscious Programs
4. Reprogramming Your Body and Mind
5. “The Model” With Brooke Castillio
Circumstances:
Thought:
Feeling:
Action:
Result:a
6. Summary of Mental Rewiring Tools
Phase 2 – Richer System Setup
1. Richer Every Day Values and Beliefs
Richer Every Day’s 10 Money Commandments:
- We make money, so we can buy income
- Getting rich for sure, is better than trying to get rich quick
- We invest in our future selves
- The “Good Life” is measured not by things, but by your level of financial freedom
- What gets measured, gets managed, and what gets managed, grows
- The fastest way to make more money is by cutting expenses
- Money is infinitely abundant
- Money goes where it is appreciated and respected
- Emotions and investing do no mix
- Always protect your downside risk
2. Richer Every Day System
Phase 1 – You must have awareness of your mind and body when it comes to making financial decisions.
Phase 2 – You need to have a system that will distribute and allocate your money for you automatically as it comes in.
You want to do this every day. Once you receive funds in your business account, you want to transfer to the following accounts a certain percentage of what you made. This will build a new neural pathway for your brain and create a reward system for investing.
You need 6 bank accounts.
- Business Checking Account
- Personal Checking Account (Enough to pay for your expenses)
- Tax Account (20%) ***Very important
- Richer Every day Checking Account (20%) ***Very Important
- Fun Account (5%)
- Giving Account (1%)
Phase 3 – You need to have a clear understanding of the cash flow investment strategies you wish to use.
Phase 3 – Passive Investing
1. Determine Your Freedom Number
Freedom Number – All your personal expenses plus an extra $2,000 for any miscellaneous things a month. We want to determine what this number is that you’ll need in passive income so you don’t have to work a day in your life again.
Victory Number – What is your dream lifestyle passive income number? This is where you can live the lifestyle that you want to all through passive income.
Assets Number – This is the number that you need to determine you need to get to your Freedom and Victory passive income numbers.
Investment Multiplier:
- Increase the amount you invest each month by increasing profits, or reducing expenses
- Increase your ROI on passive investments
- Increase your amount of time of return
2. How to Make Yourself Lawsuit-Proof
www.assetprotectioncouncil.com
www.lodmell.com
Doug Lodmell: 800-231-7112 (Call to make an appointment. Tell them you’re coming from Richer Every Day for a FREE 1-hour analysis about structure, plan, design, and create a pathway)
Doug@lodmell.com
Exemption Planning – Exempt from creditors
- Homestead Exemption
- Some states let you keep your home even if you file for bankruptcy.
- You can have a $40 million dollar home in Texas and file for bankruptcy and they can’t come for it. Unlimited (Florida and Texas) Homestead Exemption
- ERISA & IRA Protections
- IRA are typically exempt from collectors at the state level
- Life insurance and Annuities
- Bankruptcy Exemptions
Asset Protection Planning – removes or limits “access” to a client’s assets which includes:
- Spendthrift Trusts
- Charging Order Protection “COP” Entities (LLC & LP)
- Locked up or unreachable assets
Tools used in Asset Protection
- Limited Liability Company (LLC)
- Protection for Risky Assets
- Segregate Assets in separate LLC’s
- Has Charging Order protections
- Asset Management Limited Partnership (AMLP)
- Family Holding Company
- Holds LLC’s and other companies
- Exclusive Charging Order Protection in States like AZ, NV, and WY.
- Can hold LLC’s, stock and bonds, securities and receivables etc.
- Include Family members and APT
- Privacy to you assets
- The Asset Protection Trust (APT)
- Enhances Domestic Asset Protection Structures
- Not limited to specific risk
- Privacy and Protection for your assets
- SSST (Self-Settled Spendthrift Trust)
- Can be set up internationally:
- Created in 1984 (The Cook islands Trust Act)
- Statutory Non-Recognition of any other jurisdictions judgements (included the US)
- Start Case Over
- Beyond a Reasonable Doubt burden of proof
- No contingent fees allowed
- Non-amendable filings
- Losers Pays cost and fees of winner
- Statue of Limitations is short
- Advantage:
- Effectiveness
- Disadvantage:
- Expensive
- $10,000 a year
- Control
- Compliance
- Can be set up Domestically:
- Newer (1998 was first DAPT statute in Alaska)
- 19 States thereafter: Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Nevada, New Hampshire, Rhode Island, Connecticut, Indiana, South Dakota, Tennessee, Utah, Virginia, West Virginia & Wyoming
- Advantages:
- Cost
- Compliance
- Disadvantages:
- Effectiveness
- Control
- Doesn’t really work most of the time
- Bridge Trust (A combination of Domestic and Foreign)
- Treated as a simple Domestic Grantor Trust
- No IRS Form 3520 or 3520A
- No IRS FATCA Disclosures
- No IRS filing requirements of any kind
- Asset can remain in the US with current bank
- No requirement of an active Foreign Trustee
- Client may be initial Trustee
- Tax-neutral domestic grantor trust
3. How to Earn Passive Income With Crypto-Staking
5. The Easy Way to Make 10-20% Per Year with Cash Flow Real Estate
6. Beginner’s Guide to Investing in Crypto-Assets
7. Big Income From Tiny Homes
8. Mastermind Session #1
9. Tax Reduction Strategies of the Rich
10. How to Create Tax Free Wealth & Important Crypto Tax Information!
11. The Plan – How to Use Automated Trading Bots
12. How to Quickly Earn Passive Rental Real Estate Income With Lofty.ai
13. How to Get a Home Solar System for FREE
Portfolios
Our Investment Portfolio
Our Investment Portfolio
Traditional Assets:
SpaceX Shares – 06/24/22 – Buy – $70/Share – Private equity investment before IPO.
5401 Odom Ave – 08/31/22 – Buy – Rental real estate purchased on Lofty.ai
927 Euclid Ave – 11/09/22 – Buy – Rental real estate purchased on Lofty.ai
Rivian Stock – 10/26/22 – Buy – $34.84 – Starting to average into Rivian.
Enphase Stock – 10/26/22 – Buy – $295.37 – Starting to average into Enphase.
Tesla Stock – 11/17/22 – Buy – $184 – Starting to average into Tesla.
Physical Gold – Buy – $1,750/ounce.
Crypto:
MATIC: Buy: $0.94 / Buy: $0.95
ALGO: Buy: $0.35 / Buy: $0.30
ATOM: Buy: $15.15 / Buy: $11.57
CHZ: Buy: $0.25 / Buy $0.19
ENJ: Buy: $0.48 / Buy $0.37
SAND: Buy: $0.96 / Buy $0.66
ADA: Buy: $0.42 / Buy: $0.35
Percentage allocation as of 11/9/22:
Cash: 68%
Gold: 8%
Stocks: 3%
Crypto: 16%
Real Estate: 5%