Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier. Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes:(0:00) Intro(5:20) Why flood insurance is crucial in storm-prone areas(7:33) Impact of hurricanes on the insurance industry(10:28) How to vet a reliable insurance carrier(13:21) Red flags in property insurance policies(17:19) What is the National Real Estate Insurance Group?(19:35) Pros and cons of umbrella policies(26:30) Evaluating risk vs. reward in Florida property insurance(33:36) Choosing a higher deductible for a lower insurance cost(36:55) Up and coming in the real estate industry(41:10) Importance of documenting contents in rental properties(43:45) Business interruption and loss of rents insurance explained(46:31) Unusual claims and lessons learned(50:41) How to contact National Real Estate Insurance Group(51:22) OutroCheck A.M. Best for insurance company ratings: https://web.ambest.com/home Connect with Jules and Trevor:Visit the NREIG website today: https://go.nreig.com/PIP-Podcast Phone: 888-741-8454Email: emoss@nreig.com (Trevor Moss)— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to another inspiring episode of Passive Income Pilots! In this episode, Tait and Ryan sit with Colonel Eileen Collins, the first woman to command a NASA space shuttle. Colonel Collins shares her incredible journey, from becoming a pilot to breaking barriers in space exploration. She dives into leadership lessons, risk management, and the challenges of balancing family life with her high-flying career. Whether you’re an aspiring astronaut, pilot, or leader, this episode is packed with valuable insights and motivational stories that inspire you to aim higher!Colonel Eileen Collins is a retired NASA astronaut and the first woman to command a space shuttle. With over 800 hours in space, she’s an aviation and space exploration trailblazer. Throughout her career, Collins broke barriers, serving as a U.S. Air Force test pilot and instructor before flying four space shuttle missions. In this episode, she shares her inspiring story of leadership, determination, and balancing family life with a high-risk career, offering invaluable lessons for anyone looking to reach new heights.🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024. Show notes:(0:00) Intro(3:17) Early flying interest and the path to becoming a pilot(4:50) Grit and determination to become an astronaut(7:48) Balancing space missions with family life(9:51) Reflection on the Columbia disaster and risk management(17:56) The thrill and intensity of a shuttle launch(25:37) Re-entry and adjusting to life back on Earth(30:31) Leadership lessons and insights(48:11) Future of commercial space travel and accessibility(53:07) The physics of shuttle re-entry(58:34) Closing thoughts and details on Collins' book and upcoming documentary(1:01:10) OutroConnect with Col. Collins:Book: Through the Glass Ceiling to the Stars: The Story of the First American Woman to Command a Space Mission - https://amzn.to/4eWIYwu LinkedIn: https://www.linkedin.com/in/eileen-collins-8a582351/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

In this episode of Passive Income Pilots, Tait and Ryan sit down with Casey Roloff, the visionary behind Seabrook, a seaside town in Washington. They explore how pilots and high-income professionals can strategically invest in real estate within Opportunity Zones while leveraging short-term rental tax loopholes and self-directed IRAs for significant tax benefits. Casey shares his inspiring journey from house painting to developing Seabrook, highlighting how investors can balance lifestyle with passive income opportunities. Discover how a well-placed seaside investment can create long-term value, financial gains, and personal enjoyment.Casey Roloff is the founder and developer of Seabrook, Washington, a master-planned seaside community. With no prior development experience, Casey started by building custom homes and eventually expanded his vision to develop Seabrook, now a thriving 700-acre coastal town. He specializes in combining walkable, community-focused design with real estate investment strategies, particularly within Opportunity Zones. Casey’s unique approach offers investors a rare blend of lifestyle enhancement and financial growth, making him a leading figure in sustainable real estate development.Show notes:(0:00) Intro(1:04) Casey’s journey to town developer(11:21) Lessons on perseverance and financing(13:37) Financials of owning in Seabrook(26:27) Opportunity Zones and tax benefits(31:14) Combining OZs and STR loopholes(43:34) Seabrook's future developments preview(49:55) How to learn more about Seabrook(50:30) OutroConnect with Casey:Seabrook Website: https://www.seabrookwa.com Seabrook Instagram: https://www.instagram.com/seabrookwaSeabrook Facebook: https://www.facebook.com/SeabrookWASeabrook YouTube: https://www.youtube.com/user/seabrookwa— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to another exciting episode of the Passive Income Pilots! Today, Tait and Ryan dive into the world of aircraft ownership, tax advantages, and leaseback strategies with guest Luke Lysen from The Flight Academy and Aerista. They explore how pilots and high-income earners can purchase an aircraft, rent it out to a flight school, and leverage tax benefits to offset costs, turning a passion for flying into a financially viable investment. If you've ever dreamt of owning an aircraft or are curious about the tax strategies that make it feasible, this episode is for you!Luke Lysen is the president of The Flight Academy, a boutique flight school specializing in Cirrus aircraft, and Cirrus SF50 Jet Sales Director at Aerista. With decades of experience in general aviation, Luke helps clients purchase, lease, and manage their aircraft while navigating the complexities of ownership and maximizing tax advantages. His hands-on approach and expertise in Cirrus aircraft make him a trusted advisor for pilots and aviation enthusiasts.Enjoy the show!Show notes:(0:00) Intro(2:00) Leaseback concept explained(7:28) The joys of general aviation(10:40) Leaseback program details(13:03) Bonus depreciation benefits(19:17) Reducing taxable income with aircraft(30:36) Aircraft financing options(40:12) Buying a Cirrus: timeline and process(44:06) How to connect with Luke(44:20) OutroConnect with Luke:Website: http://www.theflightacademy.com/ Website 2: http://www.aerista.com LinkedIn: https://www.linkedin.com/in/luke-lysen-90a5085a Instagram: https://www.instagram.com/cirruslifepilot/

In this episode of Passive Income Pilots, Tait Duryea takes you back to one of the most downloaded episodes in the show's history with Toby Mathis from Anderson Advisors. Discover how tax laws can work for you through real estate investments, cost segregation, and bonus depreciation strategies. Toby breaks down the game-changing legal strategies high-income earners can use to reduce their tax burden and maximize returns drastically. If you're a pilot frustrated with taxes or looking to level up your knowledge, this episode is packed with powerful insights.Toby Mathis is a tax attorney, author, and principal at Anderson Advisors, where he has spent over 25 years advising investors and business owners on tax strategies.  He is also a member of the Forbes Real Estate and Finance Council. As both an experienced real estate investor and a legal expert, Toby brings practical, actionable insights to the show. He specializes in helping high-income earners legally reduce their tax burden through real estate, business structures, and creative legal strategies. Toby is also known for his popular bi-weekly webinar, Tax Tuesday, and his #1 bestselling book "Infinity Investing," published by Forbes Books.Enjoy the show!Show notes:(0:00) Intro(01:13) Economic update and job market trends from the Federal Reserve Beige Book(05:03) Tax challenges for pilots and strategies to reduce taxable income(08:49) Debunking myths about LLCs and creating tax-deductible losses(12:57) Understanding income types: active, portfolio, and passive income(17:10) Can passive losses offset W-2 income for pilots?(19:30) Tax implications of owning a business versus owning real estate(23:11) Bonus depreciation and maximizing tax benefits with real estate investments(31:46) Real estate professional status: how pilots can qualify and benefit(45:31) Combining Airbnb with long-term rentals for optimal tax strategies(58:04) Cost segregation and accelerating depreciation for significant tax savings(1:10:05) OutroConnect with Toby:Company Website: https://andersonadvisors.com/ Website: https://tobymathis.com/ Youtube:  https://www.youtube.com/@TobyMathis Free Tax Webinar: https://andersonadvisors.com/tax-tuesdays/ Toby takes a deep dive into taxes at Spartan Investment Group:Tackling the Toughest Tax Questions of all Time!https://www.youtube.com/watch?v=GX8rFZSGeVc — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to Passive Income Pilots! This week, Tait and Ryan are joined by Brandon Hall, a top CPA and founder of Hall CPA, PLLC, to dive into one of the most powerful tax strategies for high-income professionals: real estate professional status. With over 800 clients and a specialization in real estate tax strategies, Brandon breaks down the benefits, nuances, and how pilots can leverage this loophole to minimize taxes and maximize wealth. Whether you're a seasoned investor or just curious, this episode is packed with insights you don’t want to miss!Brandon Hall is a leading CPA and the founder of Hall CPA PLLC, known as The Real Estate CPA. With a national client base of over 800 real estate investors and firms, Brandon specializes in optimizing tax strategies for real estate professionals. He’s also a recognized speaker and coach in the CPA world, helping other firms refine their business models. Brandon joins Tait and Ryan to share his expertise in real estate tax advantages, especially for high-income professionals like pilots.Enjoy the show!Show notes:(0:00) Intro(04:04) Diving deep into real estate professional status(7:49) Cash flow, appreciation, amortization, and the tax advantages of depreciation(14:00) How pilots can accelerate depreciation through cost segregation studies(17:07) Passive vs. active losses explained(20:21) How pilots can meet the 750-hour threshold to qualify as real estate professionals(31:20) The advantage of having a spouse who qualifies as a real estate professional(44:24) The importance of educating yourself and working with a CPA(50:46) OutroConnect with Brandon:Book a Discovery Meeting with Brandon Hall today: https://bit.ly/discoverymeetingbrandonhallLinks Mentioned:Brandon Hall’s Ebook on Real Estate Professional Status: You can request a free copy by emailing ask@passiveincomepilots.com.Top 5 Tax Tips for Pilots: Request it via ask@passiveincomepilots.com.#32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss: https://passiveincomepilots.com/episode/32-tax-savvy-investing-the-power-of-cost-segregation-with-yonah-weiss — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome to another episode of Passive Income Pilots! This week, Tait and Ryan dive deep into the world of real estate syndications—a game-changing investment strategy for busy professionals, especially pilots. They break down what syndications are, how they work, and the pros and cons of this passive income stream. From navigating the complexities of recourse vs. non-recourse loans to understanding the importance of vetting syndicators, this episode is packed with valuable insights to help you soar above the turbulence in your investment journey. Tune in to learn how you can achieve financial freedom without the daily grind of property management.Enjoy the show!Show notes:(0:00) Intro(03:05) Real estate syndications vs. traditional rental properties(6:53) Recourse vs. non-recourse loans explained(13:41) The risks of inexperienced syndicators(15:51) The downsides to syndication(24:10) Importance of vetting your syndication operator(30:50) The benefits of syndications for busy professionals(44:54) The snowball effect: how syndication returns compound over time(53:20) Outro— You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome to another insightful episode of Passive Income Pilots! This week, Tait and Ryan are joined by Dr. Glenn Mueller, a seasoned economist and real estate professor with over 40 years of experience. Dr. Mueller explores the current economic landscape, the real estate market, and the fascinating REIT world. Whether you're curious about market cycles or looking to understand how to analyze REITs like a pro, this episode is packed with expert knowledge. Plus, stick around as Dr. Mueller reveals his daily go-to sources for staying ahead in real estate.Dr. Glenn Mueller is a highly esteemed economist and professor with 48 years of experience in the real estate industry, including 41 years of research. A PhD graduate from the University of Denver, Dr. Mueller is renowned for his expertise in real estate market cycle analysis, REITs, and securities. He has published over 100 articles and served as an advisor to major institutions like CalPERS. Dr. Mueller’s insights are invaluable for anyone looking to navigate the complexities of the real estate market.Enjoy the show!Show notes:(0:00) Intro(1:34) Dr. Glenn Mueller’s extensive background and expertise(4:42) Homeownership vs. income-producing real estate(6:58) Overview of real estate market cycles and property types(15:34) Analyzing REITs: Opportunities in the current market(19:53) How to assess REIT stocks using NAV (Net Asset Value)(23:21) What is a REIT, and how does it differ from private investments?(26:57) Advantages of publicly-traded REITs(30:17) Speculation in REITs vs. direct real estate investments(33:28) Dr. Mueller’s personal REIT investment strategies(37:00) Economic outlook and market predictions(39:46) The future of housing supply and demand(41:14) How industrial and retail sectors are adapting post-COVID(43:41) Dr. Mueller’s go-to daily sources for market insights(45:40) How to find Dr. Mueller’s work and resources(47:11) OutroConnect with Dr. Glenn R. Mueller:LinkedIn: https://www.linkedin.com/in/glenn-mueller-95401a12/ Website: https://educatedreitinvesting.com/ Resources Mentioned:Dr. Glenn Mueller’s Textbook: Educated REIT Investing on Amazon - https://amzn.to/3WVtWQx Dr. Mueller’s Market Cycle Reports: University of Denver Burns School - https://daniels.du.edu/burns-school Nareit Daily REIT News: Nareit Website - https://www.reit.com/ Vanguard REIT ETF (VNQ): Vanguard VNQ - https://investor.vanguard.com/etf/profile/VNQ Pension Real Estate Association (PREA): PREA Website - https://www.prea.org/ CBRE Research and Reports: https://www.cbre.com/research-and-reports JLL Research: https://www.us.jll.com/en/trends-and-insights — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

In this week's episode of Passive Income Pilots, Tait and Ryan are thrilled to have Joe LoRusso back on the show for an essential update on the evolving landscape of pilot mental health regulations. Since his last appearance, significant changes have been implemented by the FAA, including new guidelines for mental health treatments and expanded medication approvals. Joe breaks down what these changes mean for pilots navigating the complex aeromedical process. If you're a pilot or know someone facing mental health challenges, this episode is a must-listen for staying informed and protecting your medical certification. Joe LoRusso, a seasoned expert in aviation law and aeromedical regulations, returns to the show with crucial updates on FAA policy changes affecting pilot mental health. With years of experience advocating for pilots, Joe provides invaluable insights into how these new guidelines can impact your career and well-being. His dedication to helping aviators navigate the complex legal and medical landscape makes him an indispensable resource for anyone in the aviation industry.Enjoy the show!Show notes:(0:00) Intro(1:01) Joe recaps the latest FAA changes(2:43) New antidepressants added to the approved list(5:14) Guidelines for therapy and SSRIs(9:25) Impact of the Chevron doctrine on FAA regulations(13:42) Advice on choosing an informed AME(18:35) Retroactive application of new regulations(19:57) The importance of attorney-client privilege for pilots(23:37) OutroConnect with Joe LoRusso:LinkedIn: Joseph LoRusso: https://www.linkedin.com/in/josephlegal/ Explore Ramos Law Aviation: https://www.ramoslaw.com/ Follow @RamosInjuryFirm on Facebook, YouTube, and Instagram.Resources Mentioned:Guide for Aviation Medical Examiners: https://www.faa.gov/ame_guide FAA AME Guidelines: https://www.faa.gov/ame_guide/media/Anxiety_Depression_Disposition_Table.pdf  Episode #51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRusso: https://passiveincomepilots.com/episode/51-navigating-turbulence-mental-health-legal-safeguards-for-pilots-with-joe-lorusso — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to another episode of Passive Income Pilots! Today, Tait and Ryan dive into five unconventional ways to unlock cash for your next investment. Whether leveraging home equity, rolling over an old 401k, or borrowing against your stock portfolio, this episode is packed with actionable strategies to help you soar to new financial heights. Tune in to discover how you can multiply your investment opportunities and optimize your financial toolkit. Plus, don't miss the details about our first-ever webinar featuring the experts on whole life insurance strategies. Get ready to elevate your passive income game!Enjoy the show!Show notes:(0:00) Intro(1:55) Market updates and recent debt market moves(5:05) Using a HELOC for investment capital(11:12) Importance of strategic financial resource use(15:43) Self-directed IRA and 401Ks(20:43) Leveraged stock accounts explained(23:21) Margin calls and investment strategies(25:30) Upcoming webinar details(26:23) OutroUnlock valuable insights. Register for the webinar here: https://bit.ly/4dw0Aid Resources Mentioned:#36 - Decoding the Untapped Potential and Complex World of Self-Directed IRAs with Derreck Long: https://bit.ly/4fJVbGi #23 - Counting the Cost: The Risks and Rewards of 401(k) Loans for Pilots: https://bit.ly/3Ab5PWa #47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie: https://bit.ly/3yBjVzx #40 - A Deep Dive Into Flight School Financing with Anthony Geraci: https://bit.ly/4dAHBmJ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome to another enlightening episode of Passive Income Pilots! Today, Tait and Ryan welcome Rod and Blake from Money Insights. Previously featured in episode 47, Rod and Blake are experts in leveraging life insurance for wealth-building. In this deep dive, we uncover how to use a specialized life insurance strategy to enhance investment returns, minimize taxes, and provide financial security for your family. This episode is packed with practical insights on optimizing cash flow, estate planning, and more. Tune in and learn how to elevate your financial game with these powerful strategies!Rod Zabriskie (President of Money Insights) and Blake Brogan (Wealth Strategist) are experts in advanced wealth-building strategies tailored for savvy investors. With years of experience helping clients optimize their investments using specialized life insurance policies, they bring a comprehensive understanding of creating financial security and maximizing returns. Money Insight's unique approach, the Investment Optimizer, has helped countless investors achieve their financial goals. Their expertise makes complex concepts easy to understand and implement, making them invaluable resources for anyone looking to enhance their economic strategy.Enjoy the show!For a free consultation with Rod and Blake, go to https://moneyinsightsgroup.com/pilots/Show notes:(0:00) Intro(2:13) Improving the IRR on your investments(4:24) Detailed explanation of the Investment Optimizer(5:39) Comparison of term and whole life insurance(8:29) Tait discloses his policy details(10:45) Leveraging against policy for investments(14:20) Use in estate planning and generational wealth(17:30) Who should and shouldn't use this strategy(18:48) Should you always leverage your plan?(21:31) Switching providers and 1035 exchanges(22:44) When to start a policy for optimal benefits(24:56) Consultation process with Money Insights(30:03) Live webinar details(31:00) Example case study and benefits analysis(35:53) Most common question during consultations(39:54) Long-term care benefits within life insurance(43:59) OutroResources Mentioned:Related Episode: #47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod ZabriskieWebsite: https://moneyinsightsgroup.comYoutube: https://www.youtube.com/channel/UCW0fBokwg09-2H2kXWK5Zfw — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome aboard another episode of Passive Income Pilots! This week, Tait and Ryan are joined by Sean O'Toole, PropertyRadar.com founder, to discuss how pilots can find and invest in off-market rental properties. Sean shares his insights on leveraging public records, innovative strategies for contacting property owners, and the benefits of seller financing. Whether you want to get hands-on with real estate or a passive approach, this episode offers valuable tactics for building a profitable rental property portfolio. Sean O'Toole, founder of PropertyRadar.com, is a seasoned real estate investor and tech entrepreneur. With a career spanning over 20 years, Sean has flipped 160 properties and owns commercial and industrial properties. He launched ForeclosureRadar.com in 2007, helping investors purchase billions in real estate during the foreclosure crisis. In 2012, he expanded his vision with PropertyRadar.com, empowering investors to find and buy off-market properties. Sean's unique blend of real estate expertise and technological acumen makes him a powerhouse in the industry, ready to share invaluable insights on finding and securing the best real estate deals.Enjoy the show!Show notes:(0:00) Intro(4:25) Sean O'Toole's background(6:20) Leveraging public records to find off-market deals(10:06) Identifying motivated sellers through distress signals(12:23) How to stay ahead when everyone has the same data(14:51) Innovative strategies for contacting property owners(19:31) Analyzing the current market conditions and foreclosure trends(24:52) Advanced strategies and off-market deals(29:28) Advice for airline pilots investing remotely(34:12) Overcoming analysis paralysis and taking action(36:19) How Sean uses PropertyRadar for his investments(37:36) Sean's flying experience(39:46) How to find Sean(40:20) OutroResources Mentioned:Website: https://www.propertyradar.comLinkedIn: https://www.linkedin.com/in/seanotoole/  Twitter: https://twitter.com/seanotooleFacebook: https://www.facebook.com/PropertyRadar —You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome to another exciting episode of Passive Income Pilots! This week, Tait and Ryan are joined by Daniel Rusteen, a former Airbnb employee turned short-term rental expert. Daniel shares his insider knowledge on optimizing Airbnb listings to maximize revenue. From selecting the perfect market to managing properties remotely, Daniel’s unique perspectives offer invaluable insights for anyone interested in the short-term rental game. Whether you’re an experienced host or just getting started, this episode is packed with tips to elevate your Airbnb business to new heights. Tune in to discover the secrets of becoming a top-rated host!Daniel Rusteen is a former Airbnb accountant. He is known for his expertise in short-term rentals, and his firsthand experience as a permanent Airbnb guest and property manager across various countries gives him a unique edge in the industry. Daniel is also a prolific author and super host, helping hosts worldwide optimize their Airbnb listings for maximum profitability. He joins the show to share his proven strategies for market analysis, property selection, and hospitality excellence, making him the go-to expert for aspiring Airbnb hosts.Enjoy the show!Show notes:(0:00) Intro(6:25) Daniel’s background and journey from Airbnb to property management(8:28) The difference between discovered and undiscovered markets(10:58) Key metrics for selecting the right market(13:55) Discussion on legislation and regulation impacts(20:22) Macro market analysis and micro-neighborhood specifics(23:44) Tips for designing and outfitting an Airbnb property(27:26) The importance of physically visiting the market(31:17) Strategies for obtaining top-tier reviews and managing guest expectations(34:45) The importance of hospitality in Airbnb hosting(46:11) Insights on optimizing Airbnb search rankings(51:13) Recommended software tools for Airbnb hosts(53:35) How to find Daniel(54:49) OutroLearn to be successful in any STR market and 4x your revenue with Daniel's Profitable Properties Program. To join, click here: https://bit.ly/3zFBkHz.Resources Mentioned:Book: Optimize Your BNB - https://optimizemyairbnb.com/product/optimize-your-airbnb-book/ Website: https://optimizemyairbnb.com/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to Passive Income Pilots! In this special "Friday for Flyers" episode, we're diving into a critical topic for every pilot – medical certifications and aeromedical issues. Today, we have the honor of hosting Dr. Dan Monlux, an experienced AME, former F-18 pilot, and founder of Wingman Med. Dr. Monlux brings a wealth of knowledge and expertise to help you navigate the complexities of pilot medicals, ensuring you protect your wings and maintain your flying career. Whether you're a seasoned aviator or just starting, this episode is packed with valuable insights you won't want to miss. Timestamped Show Notes (00:00) Introduction to the episode and guest.(00:30) Overview of the episode and its focus on pilot medical certifications.(01:20) Introduction to Dr. Dan Monlux and his background as an F-18 pilot and AME.(02:42) Dr. Dan Monlux discusses his journey and experience in aviation and medicine.(04:18) Dr. Monlux shares stories from his time as an F-18 pilot.(05:30) Transitioning from military aviation to medicine and becoming an AME.(06:41) The importance of understanding that the AME is not your treating doctor but an FAA designee.(08:09) Tips on how to approach your medical exam and when to consult your AME versus your primary care doctor.(09:39) Explanation of the MedExpress application process and the importance of not handing over your confirmation number prematurely.(10:50) The importance of bureaucracy and documentation in FAA medical certification.(11:57) The deferral process when disqualifying medical conditions arise.(14:15) Common reasons for medical certification denials and what blindsides pilots the most.(16:24) Discussion on special issuances and administrative processes to get them cleared.(18:30) The role of regional flight surgeons and program analysts in the FAA certification process.(20:23) MedExpress application details and the importance of telling a consistent medical history story.(22:58) Consequences of letting your medical certificate expire and the process of downgrading to a different class.(25:29) Getting out of the bureaucratic cycle and the role of Wingman Med in helping pilots.(28:00) When to seek legal advice versus medical consultation for certification issues.(30:15) Overview of the HIMS program and its significance for pilots with alcohol, substance abuse, and mental health issues.(32:50) Discussion on FAA mental health policies and the need for more resources to process applications.(35:00) Dr. Monlux's top three tips for pilots to ensure they pass their medical exams.(36:20) How to reach out to Wingman Med for consultations and the benefits of their MedExpress simulator.(38:00) Closing thoughts and final advice from Dr. Monlux.(39:00) Wrap-up and thank you to Dr. Monlux.Feel free to reach out to Wingman Med for a free consultation if you have any medical concerns or need guidance on your certification. Visit their website at wingmanmed.com.FAA Regional Flight Surgeon#51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRussoFly safe and stay healthy!---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice.

Welcome to another exciting episode of Passive Income Pilots! We're diving into a fascinating and often overlooked passive income stream: vending machines. Our guest, Mike Hoffmann, also known as "Mr. Passive," shares his journey of creating a vending machine empire and how this low-barrier investment can yield significant returns. Whether you're a seasoned investor or looking for a side business to try with your kids, this episode is packed with insights and practical advice on turning everyday conveniences into lucrative income streams. Tune in to discover the secrets of the vending machine business and learn how you can cash in on this profitable niche.Timestamped Show Notes(00:00) Introduction by Tait and Ryan(01:24) Mike Hoffman's introduction and passive income journey(03:25) Overview of vending machine types and profitability(06:14) Mike's research and first vending machine purchase(08:34) Cost, EBITDA breakdown, and tax benefits of vending machines(11:41) Vending machine market opportunities and lead generation(13:58) Importance of location and securing vending spots(19:59) Choosing the right vending machine and products(22:57) Operational logistics: stocking process and maintenance(28:34) Expanding operations: remote management and larger routes(34:05) Comparison to other investments: ATMs and self-storage(35:00) Challenges and downsides in the vending business(42:30) Future trends: ad revenue, and demographic data(46:18) Specialty vending machines and innovative solutions(49:00) Closing remarks and how to connect with Mike---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE!Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

In this episode we welcome special guest Alex Racey, a renowned personal performance coach with an extensive background in the military. The discussion focuses on the importance of maintaining physical and mental health, particularly for aviators, frequent flyers, and professionals who sit for long periods. Alex Racey, who served 25 years in the U.S. Army, shares his expertise on how to achieve overall well-being through practical advice on nutrition, exercise, and sleep. He also has a personal connection to the aviation world through his son, who is in training to become a pilot. Alex highlights the significance of consistent, small efforts over time to ensure long-term health and wellness. This episode provides valuable insights for anyone looking to improve their health and performance.Timestamped Show Notes(00:00) Introduction by Tait and Ryan; discussing the importance of motivation.(02:19) Introduction of guest Alex Racey, his military background, and transition to personal performance coaching.(03:52) Alex shares his personal experience and the significance of physical and mental health in achieving a fulfilled life.(04:25) Alex talks about his military background and transition to civilian life, emphasizing the importance of physical health.(07:07) Discussion on the challenges of maintaining physical health and tips for pilots on staying active during flights.(12:35) Nutrition tips for pilots; how to manage diet during long flights and trips.(15:16) Practical advice on making healthier food choices while traveling and eating at restaurants.(18:10) Importance of cumulative small efforts in physical fitness and overall health.(21:18) Discussion on the impact of sleep and the importance of a good sleep routine for mental health.(28:18) Overview of Alex's coaching methods and the types of clients he works with.(29:08) Tips for managing sleep during international flights and adjusting to different time zones.(30:04) Additional tips for maintaining health and wellness while traveling.(34:30) Conclusion and how to get in touch with Alex Racey for personal coaching.Resources MentionedConnect with Alex Racey: LinkedInalex@fpp.llchttps://fpp.llc/Coffee’s Brewing Yoga WorksheetProtein Baselines Worksheet"Outlive" by Peter AttiaMatt Walker: Sleep Diplomat PodcastFly safe and stay healthy!---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookHave questions or want your physical copy of "Outlive" by Peter Attia? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice.

Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea and Ryan Gibson sit down with Nick Friedman, co-founder of College Hunks Hauling Junk, who appeared on the pilot episode of Shark Tank. Nick shares his journey from starting a small moving and junk removal business in college to building a multi-million dollar franchise. Tune in to learn about the franchising process, the challenges and successes Nick faced, and valuable insights for aspiring franchise owners. Whether you're interested in franchising or simply looking for inspiring entrepreneurial stories, this episode is packed with valuable information.Timestamped Show Notes(00:00) - Welcome and introduction to guest Nick Friedman, co-founder of College Hunks Hauling Junk.(01:21) - Overview of Nick's achievements and his appearance on the pilot episode of Shark Tank.(02:35) - Nick discusses the origins of College Hunks Hauling Junk and the catchy company name.(03:49) - Nick's Shark Tank experience and the unique pitch of College Foxes Packing Boxes.(05:32) - Reflecting on turning down Robert Herjavec's offer and the long-term impact of Shark Tank.(06:19) - Importance of resilience, vision, and mentors in Nick’s entrepreneurial journey.(08:15) - Transitioning from self-employed to owning a business and creating scalable systems.(11:51) - Hiring the right people and developing a strong company culture.(14:09) - Embracing failure as a learning opportunity and promoting resilience.(16:05) - Advice for parents fostering an entrepreneurial mindset in children.(18:36) - The challenges of entrepreneurship and the importance of persistence.(20:29) - How pilots can get involved in franchising and the semi-passive nature of franchise ownership.(22:53) - Basic explanation of how franchises work and the responsibilities involved.(24:57) - Success rates of franchising versus starting an independent business.(26:21) - Introduction to FranShares for passive investment in franchises.(28:34) - Recommended resources for learning about franchising, including the IFA.(29:09) - Fun anecdotes from Nick's junk hauling experiences.(31:53) - The importance of a catchy brand name and effective marketing.(33:39) - Unpopular opinions about entrepreneurship and the importance of purpose.(35:16) - Future industry trends and the potential impact of artificial intelligence.(36:52) - Qualities needed for successful franchise ownership and importance of human dynamics.(38:53) - Closing remarks and thanks to Nick Friedman.Referenced MaterialsFranShares.comCollege Hunks Hauling Junk FranchisePurple Cow by Seth Godin---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

In this special episode, we have the honor of flying with Keith Rosenkranz, the legendary Delta Captain who chartered his own retirement flight. Keith's incredible story has captivated the aviation community, and today, he shares the details of his epic farewell flight, his career journey, and his strategies for building a financially secure retirement.As a pilot, you're familiar with the importance of planning and precision, both in the cockpit and in your financial life. Keith's story is a testament to what’s possible with careful planning, disciplined investing, and a passion for aviation. Whether you're just starting your career or approaching retirement, this episode is packed with insights and inspiration to help you achieve your dreams. Tune in as we explore Keith's journey from a young aviation enthusiast to a Delta legend, his strategic investments, and the unforgettable retirement flight that has become a new standard for the industry.Timestamped Show Notes(00:07) Ryan’s Excitement: Heartwarming aviation retirement story(00:36) The Airline Pilot’s Dream Retirement(01:32) Keith’s Career Highlights: Military and Airline career(04:29) Journey to Becoming a Pilot: Military and ROTC(08:44) Achievements and Challenges: From military to Delta(11:00) Financial Wisdom: Navigating furloughs and investments(13:59) September 10th: Preparing for unforeseen events, advice from experienced pilots(18:00) Building Wealth: Financial strategies and diversification(22:37) Operating System: Financial discipline and planning(26:38) Financial Strategies: Minimizing debt and managing expenses(27:25) Chartering the Team USA A330neo: Planning the retirement flight(33:33) Water Cannon Salute: Emotional send-off at LAX(37:00) The Retirement Flight: Details and experiences(41:00) Memorable Moments: Final landing and celebrations(45:02) What’s Next: Keith’s plans for retirement(50:32) Advice for Young Pilots: Building a strong financial foundation(52:00) Closing Remarks: Gratitude and future plans---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE!Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Welcome back to another episode of Passive Income Pilots! Today, we have a fantastic conversation with Jason Depew, a captain with a US major airline and certified Top Gun. Jason has a wealth of knowledge about pilot finances, having written for various aviation magazines and authored the book "Pilot Math Treasure Bath." In this episode, Jason shares his journey from military pilot to airline captain, his financial strategies, and insights into market-based cash balance plans. Whether you're looking to optimize your retirement savings, invest in real estate, or diversify your income streams, Jason's practical advice and personal experiences will provide invaluable guidance.Timestamped Show Notes(00:55) Introduction of guest Jason Depew(02:27) Importance of having an open mind in investing(03:52) Jason’s background: From Air Force to airline pilot(06:23) Financial advice for new airline pilots(08:42) Tait’s personal saving strategy for newly upgraded captains(10:00) Jason’s approach to financial independence(11:34) Explanation of the 4% rule for retirement withdrawals(13:19) Comparing accumulation vs. cash flow strategies(16:30) Importance of having an anti-fragile portfolio(18:19) Advantages of tax-advantaged accounts and additional investing(19:40) Ryan’s questions about initial investment strategies(20:17) Jason’s high yield savings account strategy(23:27) Liquid investments and asset allocation(25:30) Diversifying into syndications and angel investing(26:29) Introduction to market-based cash balance plans(29:07) Example of how cash balance plans work(30:08) Opting out of market-based cash balance plans(32:46) Strategies to control contributions to market-based cash balance plans(35:47) Relieving tax burdens with strategic investments(36:16) Rolling over cash balance plans into self-directed IRAs(39:55) Importance of protecting scope clauses in pilot contracts(41:36) Innovative provisions in pilot contracts(42:16) Soft pay provisions and their impact on quality of life(44:19) Jason’s book "Pilot Math Treasure Bath" and financial spreadsheets(46:22) Recommended resources for financial education(48:08) Lessons learned about market-based cash balance plans(49:46) Closing remarks and how to connect with JasonReferenced MaterialsPilot Math Treasure Bathpilotmathtreasurebath.com/bible/pilotmathtreasurebath.com/2020/05/13/high-yield-savings/Your Money or Your Life by Vicky Robin and Joe DominguezMichael Kitsis LecturesAntifragile by Nassim TalebStart with WHY by Simon SinekMr. Money MustacheMadFientist#55 - First Class Intro to Angel Investing with OfferUp Founder Nick Huzar#34 - Navigating Cash Balance Plans and Retirement for Airline and Corporate Pilots with Timothy PopeConnect with Jason---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com or record your question to be featured on the show HERE!Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice.

Welcome back to Passive Income Pilots, where we dive into the intersection of aviation, finance, and personal success. Today, we have a special treat for both football enthusiasts and aspiring investors. Our guest is none other than Seattle Seahawk NFL Defensive Legend and Super Bowl Champion, Cliff Avril. Known for his ferocious defense and countless quarterback sacks, Cliff has seamlessly transitioned from the gridiron to the real estate market. In this episode, Cliff shares his journey from NFL stardom to real estate success, offering invaluable insights on financial freedom, investment strategies, and the mindset required to crush it in any field. Whether you're a die-hard football fan or a budding real estate mogul, you won't want to miss this episode packed with actionable advice and inspiration.Timestamped Show Notes(00:08) - Overview of Cliff Avril’s NFL career and transition to real estate.(02:04) - Overview of the podcast: passive income strategies, tax strategies, asset protection, and real estate.(02:39) - Cliff discusses his NFL career and the differences between Detroit Lions and Seattle Seahawks.(04:42) - Impact of Pete Carroll’s coaching style on Cliff’s approach to business.(06:14) - Cliff’s transition to real estate and the importance of passion and dedication.(09:02) - Mindset of investing and avoiding financial pitfalls post-NFL.(12:04) - The importance of networking and building a community of investors.(14:35) - Cliff shares the biggest challenges and setbacks in real estate.(16:48) - Business model and the goal of creating generational wealth for friends and family.(18:35) - Education and involvement of friends and family in real estate investments.(20:59) - Recommended podcasts and books for aspiring real estate investors.(22:20) - Cliff’s philanthropy: building homes and schools in Haiti.(25:54) - Cliff’s projects and partnerships with Marshawn Lynch & Ndamukong Suh.(29:59) - Identifying properties and building a team for real estate projects.(32:35) - The importance of networking and genuine relationship building.(34:22) - Cliff’s approach to networking: making friends and building genuine relationships.(35:40) - Cliff’s advice on playing like a champion every day and maintaining a positive mindset.(38:56) - Cliff’s favorite games outside of the Super Bowl and their impact on his approach to life and business.(39:03) - The importance of key team members in Cliff’s business.(40:33) - Cliff’s most rewarding achievement post-NFL: educating his mother on investing and financial independence.(42:20) - Closing remarks and information about the Passive Income Pilots community.---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community.Remember to subscribe for more insights at PassiveIncomePilots.com!Join our growing community on FacebookCheck us out on Instagram @PassiveIncomePilotsFollow us on X @IncomePilotsGet our updates on LinkedInHave questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!Take 10% Off Your Next Uniform - Use code "PASSIVE" on checkout!Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice.