Hey everyone! Welcome back to another episode of Wealth Busters! Today, we hang out with Eric Pan, better known as Ericnomics, a personal finance whiz with over 200,000 followers on Instagram and TikTok. Eric’s got an impressive background in traditional finance, hedge funds, and crypto, and now he’s sharing his journey with us. We chat about everything from his days working at banks and hedge funds to making the leap to full-time content creation. Eric opens up about the intense and sometimes toxic work culture in finance, offers a peek into the hedge fund world, and explains some of his thoughts and strategies in Crypto.

Timestamps
00:00 - Introduction and Eric Pan's background
01:08 - Transition to full-time content creation
02:17 - Eric's journey in finance and crypto
03:27 - Experiences in traditional finance
04:17 - Explanation of AML and KYC
05:09 - Worst job experiences in the bank
06:06 - Toxic work culture in finance
07:17 - Explanation of buy side vs. sell side
07:57 - Working with billionaires in hedge funds
10:10 - Purpose and greed in hedge funds
10:37 - Qualifications for investing in hedge funds
12:13 - Hedge fund strategies and long/short explanation
14:13 - Use of Bloomberg Terminal in hedge funds
15:07 - Example of satellite imagery in hedge funds
17:32 - Pressure and stress in hedge funds
20:10 - AI in finance and hedge funds
21:13 - Transition from hedge funds to crypto
24:08 - Qualified custodians in crypto
25:27 - Importance of qualified custodians
26:32 - Edge in crypto investing
27:01 - Crypto VC investments and risk tolerance
29:17 - Eric's personal crypto allocation
32:39 - Crypto market volatility
33:19 - Passion for educating and content creation
34:41 - Goals and measuring success
37:15 - Building a business in content creation
38:18 - Fire round: Investing advice for beginners
39:52 - Investing in 2024
41:08 - Travel plans and points usage
42:32 - Japan travel highlights
44:04 - Culture and safety in Japan
45:53 - Stocks and crypto investments for July
47:10 - Final words and closing remarks

Hey everyone! Welcome back to another episode of Wealth Busters! Today, we've got Erwin Szeto, a top real estate investor and podcast host, joining us to chat about the ins and outs of the real estate game. We dive into everything from the challenges of being a landlord in Canada to the exciting opportunities waiting in the US market. If you're looking to get the scoop on smart investing, this episode is for you.

Join us in this inspiring episode as Ray Glymph shares his incredible journey from facing homelessness to owning 140 doors in real estate. We dive deep into Ray' strategies, setbacks, and successes along his path to becoming a real estate mogul.

Timestamps
00:00 Introduction and initial question about becoming homeless.
01:14 Continuation of the discussion on the backstory of becoming homeless, impact of 9/11.
02:28 Discussion on escaping homelessness, first jobs, and the start in real estate.
04:15 Conversation on financial strategies and pitfalls in real estate investment.
06:38 Strategy for maintaining a W-2 job and investing in real estate.
08:46 The challenges of running restaurant and bar businesses alongside real estate.
10:35 Overview of managing 140 doors and real estate strategies without partners.
10:51 Opinions on joint ventures and syndication deals in real estate investing.
13:13 Discussing the secrecy of a new deal and strategies in real estate capital raising.
15:37 The considerations and challenges of managing a large-scale real estate deal.
17:51 Recounting a previous real estate deal and the strategy behind it.
19:50 Benefits of triple net leases in commercial real estate.
20:11 Discussion on the analytical approach to real estate deals.
22:36 Specifics of managing a mixed-use property and tenant relations in West Virginia.
24:59 Financial outcomes of the discussed real estate deal and cash-on-cash returns.
27:25 Advice on managing properties with negative cash flow.
29:16 Reflections on real estate investment strategies and the importance of managing debt wisely.
31:41 Further advice on real estate investment and managing challenging properties.
34:05 Discussion on Airbnb and short-term rental challenges.
36:08 The operational and financial realities of managing Airbnb properties.
37:08 Concluding thoughts on real estate investment and the importance of good deals.
39:32 Strategies for balancing growth and stability in real estate investing.
41:48 Discussion on navigating the current economic climate in real estate.
43:33 Closing remarks and where to find more information.