Firing contractors is one of the most uncomfortable parts of real estate investing — and one of the most expensive if you do it wrong. In this episode of The Real Wealth Formula, Brad Hovis breaks down exactly how and when to fire contractors so you don’t lose time, money, or control of your project. Brad shares hard-earned lessons from decades of rehabbing properties, including:-why he has never regretted firing a contractor too soon-how poor character costs more than poor craftsmanship-how contracts, lien waivers, and fast decisions protect your assets-and how to avoid being held hostage on your own property This is not theory. These are real stories, real mistakes, and real systems that protect your cash flow and your peace. If you’re rehabbing houses, managing contractors, or planning to invest in real estate — this episode can save you thousands. ✔ why people stay stuck financially for decades✔ why lifestyle creep quietly destroys progress✔ how avoidance keeps people stressed and overwhelmed✔ and how real wealth is built slowly, intentionally, and with purpose If you’ve ever felt behind, discouraged, or confused about money, this episode will bring clarity, conviction, and hope.   💡 Key Takeaways ✔ Why firing contractors early saves money and stress✔ The biggest red flags that tell you a contractor won’t work out✔ Why character matters more than skill on job sites✔ The “starting five” contractors every investor needs✔ Why you should never pay for incomplete work✔ How contracts and lien waivers protect your property✔ What to do immediately after firing a contractor✔ When it makes sense to “pay them off” and move on✔ How systems turn rehabs into a repeatable business✔ Why strong contractor teams accelerate passive income   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction03:56 – The Biggest Red Flags on Job Sites04:38 – Why Firing Too Late Always Costs More06:09 – The “Starting Five” Contractors You Need07:00 – Specialists vs “I Can Do Everything” Guys08:10 – When to Fire a Contractor Immediately09:20 – Why You Never Pay for Incomplete Work10:08 – Contracts, Lien Waivers & Protecting Yourself11:50 – How to Avoid Being Held Hostage12:49 – Real Stories of Contractor Blow-Ups13:40 – When It Makes Sense to Pay and Move On15:01 – The Right Way to Negotiate a Clean Exit17:58 – Building Contractor Teams That Scale20:35 – Turning Rehabs Into a Repeatable Machine21:25 – Final Advice 

Most people believe their financial stress will disappear once they make more money. It won’t. In this episode of The Real Wealth Formula, Brad and Dr. Brian E. Arnold breaks down why income alone never creates freedom and why habits, stewardship, and structure matter far more than your paycheck. This is a practical, faith-driven conversation about: ✔ why people stay stuck financially for decades ✔ why lifestyle creep quietly destroys progress ✔ how avoidance keeps people stressed and overwhelmed ✔ and how real wealth is built slowly, intentionally, and with purpose If you’ve ever felt behind, discouraged, or confused about money, this episode will bring clarity, conviction, and hope.   💡 Key Takeaways ✔ You cannot out-earn poor financial habits ✔ Why income growth without discipline increases stress ✔ The real reason most people stay financially stuck ✔ How stewardship creates peace, not restriction ✔ Why responsibility comes before freedom ✔ The danger of delaying financial decisions ✔ The difference between being busy and being wealthy ✔ Why faith requires action in money ✔ How the R.E.A.L. process builds stability before growth ✔ Why long-term wealth is built, not stumbled into   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters  

One of the most common questions real estate investors ask is:“What local markets actually work for investing?” In this episode of The Real Wealth Formula, Brad Hovis sits down with long-time partner John Webb to break down the real way to choose real estate markets using both data and real-world experience. They explain why price-to-rent ratios matter, why distressed inventory is essential, and why you can’t rely on spreadsheets alone. From Memphis and St. Louis to San Antonio and Detroit, Brad and John share firsthand stories—both good and dangerous that reveal why market selection is as much an art as it is a science. If you’re tired of chasing “hot markets” and want to build safe, sustainable cash-flowing rentals, this episode will completely change how you think about location. Real talk.Real numbers.Real freedom.   💡 Key Takeaways ✔ Why price-to-rent ratio is non-negotiable for buy-and-hold investing✔ How distressed inventory determines whether a market works✔ Why some cities cash flow while others never will✔ The difference between A, B, C vs D & F neighborhoods✔ Why data alone is dangerous without boots on the ground✔ How brand-name commerce (Starbucks rule) signals stability✔ Why investors exit markets before they collapse✔ How jobs, job diversity, and tenant demand protect cash flow✔ Why vacancy—not repairs—is what really kills returns✔ How to blend faith, wisdom, and discernment into market decisions   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters  

Hiring contractors can either make you money or completely destroy your deal. In this episode of The Real Wealth Formula, Brad breaks down the exact rules he follows when hiring contractors, built from years of experience, millions in rehab projects, and painful (expensive) lessons learned the hard way. He shares why you should never give contractors deposits, how to protect yourself from disappearing crews, and how one mistake cost him $18,000 in a matter of days. This is a no-fluff, real-world guide for real estate investors who want to: -protect their capital-finish projects on time-avoid scams-and build wealth without unnecessary stress If you’re buying, rehabbing, or managing property—or plan to—this episode can save you thousands. Real talk.Real numbers.Real freedom.   💡 Key Takeaways ✔ Why giving a contractor a deposit is one of the biggest mistakes investors make✔ The safer alternative: paying vendors directly for materials✔ Why you should never pay for incomplete work✔ How fast payment after completion attracts the best crews✔ The “big boy date” rule that prevents delays and excuses✔ Why contracts protect both sides when done right✔ How lien laws actually work (and how they can hurt you)✔ The true story of losing $18,000 by breaking one rule✔ Why discipline in rehabs directly impacts your freedom and cash flow   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:18 – Why This Rule Matters for Real Wealth02:02 – The Right and Wrong Way to Hire Contractors03:00 – Roofing Scams & Why Deposits Disappear04:05 – Pay the Vendor, Not the Contractor05:22 – Why Materials Should Always Be Yours06:48 – A $100K Pool Scam Story07:25 – Never Pay for Incomplete Work08:59 – Why Big Companies Cost More (Same Workers)09:24 – Paying Fast After the Job Is Done10:28 – The “Last 5%” That Never Gets Finished11:15 – Why Speed Matters in Real Estate12:05 – Asking for the “Big Boy Dates”13:35 – Holding Contractors Accountable for Timelines14:20 – Why Every Job Needs a Contract15:46 – Lien Laws Every Investor Must Understand17:08 – Contractors, Liens, and Leverage18:17 – The $18,000 Mistake Brad Made20:55 – How Contractors Hold Investors Hostage22:38 – The One Rule That Would’ve Prevented It All23:47 – Final Advice on Hiring Contractors  

What if the real reason you’re stuck financially has nothing to do with your income… and everything to do with your identity? In this emotional and eye-opening wealth review, Brad sits down with Marion — a single mom of four who’s been in survival mode for years — to uncover the hidden behavioral patterns, beliefs, and dependencies that quietly sabotage financial freedom. If you’ve ever wondered “Why do I keep ending up in the same money situation?”, this episode reveals the honest, faith-centered truth most people never hear. Together, Brad and Marion walk through the entire R.E.A.L. process — Reduce, Enlarge, Acquire, Live — while confronting deep-rooted habits, painful childhood stories, and the mindset shifts required to build real wealth built on purpose, not pressure. This isn’t just budgeting.This is transformation.   💡 Key Takeaways ✔ Why Marian’s issue isn’t budgeting — it’s decades-old survival patterns ✔ The shocking habits that secretly keep people in “working poor” mode ✔ Brad’s tough-love moment: confronting dependency and learned helplessness✔ How to reset financially when you’re behind on bills, debt, and hope✔ What to do when your income simply isn’t enough ✔ How to rebuild confidence, boundaries, and financial identity✔ Why passive income is the long-term North Star — even when you’re starting at zero✔ A step-by-step action plan Brad creates to help Marian stabilize, earn more, and reclaim her future   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters    

What does it really take to become a wealthy real estate investor — not just on paper, but in real life? In this episode, Brad sits down with Matt Sanchez, a humble Denver investor who has done over 1,000 deals, survived multiple market cycles, built long-term cash flow, developed properties, and quietly created the kind of freedom most people only dream about. Matt breaks down the REAL difference between equity and cash flow, why cash flow is the king of financial freedom, how foreclosure auctions work behind the scenes, and what new investors must understand before they ever buy their first deal. If you’re an aspiring real estate investor, a side hustler, or someone stuck in a 9–5 dreaming of freedom, this episode is gold. Real talk. Real numbers. Real freedom.   💡 Key Takeaways ✔ Why cash flow is king (and equity can actually cost you money)✔ The truth about foreclosure auctions and how they really work✔ How Matt bought hundreds of auction properties without losing money✔ Why wealthy investors stay humble, low-profile, and disciplined✔ How to analyze a house without ever stepping inside✔ The strategy of buying junior liens for massive discounts✔ Why some investors overbid — and how to avoid emotional mistakes✔ How to build wealth while still working a full-time job✔ Why flipping is another job, but cash flow equals freedom✔ How passive income gives you the power to work because you WANT to   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:54 – How to Buy Real Estate at Foreclosure Auctions05:25 – How Redemption Works at Auctions07:00 – Strategies to Avoid Losing Your Money08:33 – Wiring Funds & Auction Prep12:42 – How to Use Lines of Credit to Buy Properties14:37 – Analyzing Rehabs Without Access Inside20:00 – How Investors Wholesale Auction Deals25:00 – How Deals Get Traded Like Baseball Cards27:00 – The Real Estate Investor Lifestyle29:25 – How Matt Got Started in Real Estate31:31 – Working a Full-Time Job While Investing33:18 – Doing 40 Years of Real Estate Deals35:01 – Living a Humble Millionaire Lifestyle38:30 – Why Cash Flow Has Always Been His Foundation40:10 – What Freedom Feels Like When Cash Flow Covers Life43:00 – Advice for New Investors45:07 – Cash Flow vs Flipping: The Real Difference45:49 – Closing Thoughts  

Most people think legacy is about money, retirement, or what gets written in a will. But Brad breaks down the deeper truth: legacy is what lives on because you lived. In this emotional and powerful episode, Brad shares how suffering, faith, purpose, and passion shape the legacy you’re meant to leave. He walks through the Real Wealth Formula — Reduce Expenses, Enlarge Active Income, Acquire Passive Income, Live on Passive Income, Leave a Legacy — and explains how the final “L” transforms your entire life. Brad shares deeply personal stories about loss, the NICU, childhood, Christian education, and the people who stepped in when his family had nothing. These defining moments became the fuel for his life’s biggest mission: making Christian education accessible for all. If you’ve ever wondered “What am I really here for?” or felt like your days blend into work → sleep → repeat, this episode will wake something up inside you.This is about purpose.This is about impact.This is about the legacy you were created to leave.   💡 Key Takeaways ✔ Your greatest purpose often comes from your deepest pain✔ Why legacy requires something emotional, personal, and meaningful✔ How to identify what truly motivates you✔ Why wealthy people think beyond money and toward impact✔ How the Real Wealth Formula positions you to fund your legacy✔ How to reverse engineer a legacy into actionable steps✔ Why passive income allows you to do work you WANT to do✔ The power of a “Big Hairy Audacious Goal” (BHAG)✔ Why your assets should outlive you and continue your mission✔ How Brad uses real estate income to fund Christian education   🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:38 – Today’s Question: How to Leave a Legacy04:00 – What Motivates Your Legacy?04:31 – Turning Personal Pain Into Purpose05:49 – Brad’s Story: NICU, Loss, and Faith07:37 – How to Stay Motivated Through Vision09:47 – Life Is More Than the Daily Grind11:00 – Brad’s Childhood, Christian School & Scholarships13:32 – The Working Poor & Financial Struggle15:04 – Why Money Shouldn’t Decide Who Gets Education17:08 – Brad’s Legacy Mission: Christian Education for All19:10 – Why Faith and Truth Matter in Education22:07 – Why Sacrifice Leads to Abundance23:00 – Legacy: Doing Work You Want, Not Work You Must23:49 – Final Encouragement & Closing  

What happens when a hardworking mom of three tries to grow her income but keeps getting held back by hidden expenses and debt? In today’s Real Wealth Review, Brad Hovis sits down with Jessica Savage — a hairstylist, educator, and entrepreneur — to break down her real numbers, real habits, and real path to building wealth for her family. Jessica currently makes around $5,000/month, recently launched a hair-extension education program, and even pulled in $14K in a single weekend. But like many Americans, car payments, debt programs, and lifestyle creep are slowing her down.   💡 Key Takeaways & What You'll Learn Why your income isn’t the problem, your spending patterns are The hidden cost of car loans and debt forgiveness programs How a hairstylist created a $14K weekend with one skill What lifestyle creep looks like (and how to reverse it) Practical ways to grow your active income without burnout The surprising discipline trick Brad used with silver How everyday people can start building real wealth today Where most families lose money without realizing it How purpose, clarity, and simple habits create financial freedom 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 Introduction02:00 Meet Jessica: Hair stylist and educator07:50 Education business11:58 Current earnings — Jessica’s monthly income15:58 Debt and expenses18:24 Financial discipline — Stop financing cars19:58 Debt discussion21:50 Credit card28:00 Savings hack32:49 Monthly expense breakdown33:11 Enlarge active income36:58 Acquire passive income39:34 Legacy and philanthropy47:23 Wealth review grade — Scoring Jessica’s plan53:50 Success plan recap56:35 Motivation and mindset — The “why” behind wealth58:00 Closing Thoughts  

Should a real estate investor get their real estate license? Brad and Brian break down one of the most common questions newer investors have and the answer isn’t what most people think. In this episode, you’ll learn the real reasons investors choose to get (or not get) their license, the creative finance traps that licensed agents must avoid, and how to decide whether a license will accelerate or slow down your investing journey. Brad and Brian share real stories from hundreds of deals, real-world negotiation insights, and the mindset wealthy investors use to evaluate every opportunity without falling for hype, fear, or industry pressure. If you’re trying to decide whether a license belongs in your wealth-building toolbox, or if you want the freedom to invest without limits, this conversation gives you the clarity you need.   💡 Key Takeaways You do not need a license to become a successful real estate investor The real reason some investors still get licensed Why many realtors fail and what the good ones actually do The investor vs. realtor mindset (completely different) The ONE huge downside of being licensed: creative finance limitations How to avoid realtor conflicts, liability, and bad deals Why off-market deals are better than the MLS for investors How to choose whether a license fits YOUR goals Why truth, negotiation, and local relationships matter more than credentials The principles wealthy people follow in real estate and in life 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Should Investors Get Their Real Estate License?01:55 – Do You Need a License to Invest?02:50 – Why Brian Became a Licensed Realtor07:04 – How Brian Uses His License as a Tool, Not an Identity09:48 – How Realtors Should Actually Work With Investors11:00 – Buy Side vs Sell Side: How the Game Changes17:00 – Commission Breath and Bad Realtor Habits18:30 – How to Identify Good Realtors From Bad Ones22:00 – The 3 D’s: Death, Divorce & Distress24:45 – Real Estate Education, Negotiation & Truth Telling27:00 – How The NAR Settlement Changes the Game29:40 – Working With Professionals Who Tell You the Truth33:00 – Birth of Multiple Streams of Income (The Right Way)35:30 – Why Being Specialized Makes You Wealthy Faster37:40 – Off-Market Deals, Distress & Real Needs42:48 – Real Estate as a Lifestyle, Not Just an Investment45:10 – Final Wisdom: Master One Skill Before Adding More46:12 – The Importance of Local Community & Mentorship47:02 – Closing Thoughts  

What if the real definition of wealth has nothing to do with net worth, fancy cars, or a stacked bank account? In this episode, Brad breaks down the real meaning of financial freedom — living on PASSIVE income. Not hoping. Not grinding forever. Not praying your job stays stable.But actually having enough monthly cash flow to cover your entire life. Brad explains:-how to calculate your “monthly nut”-why passive income must be greater than your net worth-how wealthy people think differently about expenses-why most people stay stuck in the middle class-how he retired at age 31-how many rental properties it really takes to become “wealthy”-the mindset shift that changes everything If you’ve ever wondered “How do I actually LIVE on passive income?” — this episode gives you the clearest step-by-step path you’ll find anywhere. Faith-rooted. Practical. Life-changing. This is Real Wealth. 💡 Key Takeaways Why you MUST know your “monthly nut" How to raise your lifestyle the right way (only after cash flow increases) Why wealthy people acquire assets BEFORE spending The math of living on real estate passive income The mindset shift from spending → buying assets How a single rental property can cover real expenses Why increasing active income fuels passive income Why real estate is the most reliable path for everyday people How to live a life where you work because you want to, not because you must 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:19 – Why Your Monthly “Nut” Matters More Than Net Worth02:25 – Reducing Expenses as the First Step to Wealth03:14 – How Real Estate Passive Income Actually Works05:19 – Using Assets, Not Salary, to Fund Your Lifestyle06:05 – Wealthy People Think About Money Differently07:01 – The Real Purpose of a Side Hustle08:00 – How Brad Retired at 31 Through Cash-Flowing Assets09:10 – The Weekly, Quarterly & Yearly Wealth Plan10:00 – How Brad Time-Blocks Work, Life & Freedom10:48 – Vacations, Fun, and Living on Passive Income12:04 – Why You Should Never Sell Cash-Flowing Assets12:34 – Expanding Lifestyle ONLY When Passive Income Increases13:05 – Final Steps to Live on Passive Income  

This episode dives deep into what REAL wealth looks like for young entrepreneurs, side-hustlers, and content creators who want financial freedom — not just income. Brad sits down with Ishaq, a 21-year-old hustler who flips clothes, sells designer streetwear, models, creates fitness content, and wants to inspire young men to build discipline, mindset, and purpose. For the first time, Ishaq gets a full Real Wealth Rating, breaking down his: • Monthly expenses• Side hustles• Income streams• Mindset• Investments• Future vision• Money habits Brad reveals what Ishaq is doing right… and what’s holding him back from becoming truly wealthy. If you’re in your teens or 20s — or you’ve ever felt overwhelmed by all the “hustle” content online — this episode shows you how to simplify your plans, focus on what matters, and start building real, lasting financial freedom. If you’ve ever felt behind, inconsistent, or unclear about where your money is going—this episode will give you clarity, hope, and a path forward.   💡 Key Takeaways Why many young hustlers stay broke despite working hard How to use your 20s to build financial momentum The difference between income and wealth Why reducing expenses is your first superpower How to choose the right hustle to scale Why passive income must start early — even with small amounts How faith and family shape your financial habits Why reading The Intelligent Investor can change your life How to create a plan that builds freedom, not stress 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction03:05 – How His Modeling Career Actually Works05:20 – Side Hustles: Flipping Clothes, Furniture & Even Puppies09:00 – Content Creation, Posting Consistently & Fitness Coaching13:00 – His Budget: Food, Gas, Clothes & Real Expenses17:44 – Travel, Lifestyle & Where His Money Really Goes21:00 – Why He Has No Debt & Lives With His Parents23:00 – His Purpose: Inspiring Young Men Through Fitness & Mindset26:00 – How His Family Shaped His Hustle Mentality33:00 – Does He Invest? Stocks, Crypto & Courses34:50 – Brad Introduces Real Estate Wholesaling35:05 – Why Flipping Houses Makes More Than Flipping Clothes37:00 – Understanding Passive Income for the First Time38:32 – What Real Financial Freedom Looks Like42:11 – The Success Plan for His 20s46:10 – Saving With Gold & Silver Instead of Cash47:38 – Final Real Wealth Score48:30 – Encouragement for Young Hustlers & Closing  

How does a pro athlete go from surviving on $11,000 a year in the minor leagues to building enough passive income to retire early, all without debt, hype, or get-rich-quick schemes? In this powerful conversation, Brad Hovis sits down with former Chicago Cubs player David Bote to break down real passive income: how it works, why it works, and how everyday people—not just celebrities or athletes—can build wealth that lasts.David shares: -how he survived years in the minor leagues -how faith and discipline shaped his financial decisions -why he avoided debt completely -how he bought quality rental properties in cash -and how he created passive income that now exceeds his living expenses This episode is funny, raw, and deeply practical. If you're serious about creating real, sustainable wealth—not hype or speculation—this is your roadmap.   💡 Key Takeaways The difference between being “rich” and truly wealthy Why passive income is a long-term game, not a quick flip How pro athletes lose fortunes faster than they earn them Why buying quality rentals in B and C neighborhoods works How avoiding personal debt protected David from disaster Why slow, steady cash flow beats risky leverage The faith principles that guided his financial decisions How anyone can start building passive income—even without millions 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – What Passive Real Estate Investing Really Looks Like01:15 – How Brad & David Started Working Together02:02 – Why Passive Investing Made Sense for an MLB Player03:09 – Transforming Properties & Choosing B/C Neighborhoods05:12 – Why Quality Homes Reduce Turnover06:45 – What Pro Athletes Think About Investing09:23 – Why David Buys in Cash & Avoids Leverage14:07 – Slow, Steady Wealth Beats Fast Money14:53 – From $11K a Year to Financial Stability16:38 – God’s Provision Through Hard Seasons17:44 – Life in the Minors: Basements, Poverty & Grit21:45 – Getting Called Up, Then Sent Back Down24:47 – MLB Moments: First At-Bat & Breakthroughs28:33 – The Walk-Off Grand Slam Story33:36 – MLB vs Minor Leagues: Real Differences38:32 – Injuries, Travel & The Toll of the Game45:53 – COVID Season & Career Pressure52:56 – The Viral Grand Slam & Aftermath55:16 – How Faith Shaped His Identity & Career1:20:00 – Walking Away From Baseball1:21:48 – How He Built Financial Freedom Through Real Estate1:25:40 – Life After MLB1:27:02 – Final Encouragement & Closing Thoughts  

Are you trying to build passive income but feel stuck, confused, or overwhelmed by all the “gurus” telling you 100 different strategies? In this episode, Brad breaks down exactly how real people can build real wealth—not by gambling on stocks, chasing hype, or signing risky loans, but by using simple, practical steps that actually work in the real world. He reveals the four types of passive income, the four types of real estate investing, and the #1 mistake that keeps people broke: personally guaranteed debt. Plus, Brad shares the wild story of how he used $60,000 to acquire 38 houses—and turned that into 16 free-and-clear rentals producing consistent monthly cash flow. If you want financial freedom, purpose-driven wealth, and a life where your passive income is bigger than your expenses, this episode is your roadmap.   💡 Key Takeaways Why dividend stocks, royalties, and small-business equity aren’t as “passive” as people think The real meaning of margin of safety (and why Warren Buffett’s advice still applies today) The big difference between being rich and being wealthy Why traditional bank financing is the worst path for most people How non–personal guaranteed loans protect your wealth The simple method Brad uses today: buying houses free and clear How one creative deal turned $60K into a lifetime of cash flow Why your personality, income, and gifts matter in choosing the right wealth path The faith-driven principle that protects you from losing your “bed” (literally) 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:51 – Today’s Question: How to Acquire Passive Income02:22 – Non-Real Estate Passive Income Options02:42 – Dividend Investing Explained Simply03:33 – Why Stock Market “Experts” Overcomplicate Everything04:16 – Real Passive Income vs Speculation07:13 – Business Equity & Distributions09:05 – Private Lending and Why Collateral Matters11:47 – Why Most People Understand Real Estate Best12:03 – The 4 Types of Real Estate Cash Flow14:20 – Margin of Safety: Warren Buffett’s Rule Applied to Real Estate15:42 – Why Traditional Banks Limit Your Growth17:06 – The Problems with Commercial Loans & Adjustable Rates18:25 – Subject-To Financing (Explained Simply)19:57 – Owner Finance & Private Finance21:09 – What Dave Ramsey Gets Right—and Wrong—About Debt23:37 – Buying Houses Free & Clear (Brad’s Preferred Method)24:07 – The Markets Where You CAN Still Do This25:29 – The Power of Partnerships & REEPs26:11 – Brad’s $60K → 38 Houses Deal Explained31:33 – How to Think Creatively About Passive Income32:03 – Final Thoughts  

If you feel like you make “okay money” but still can’t get ahead, this episode will hit home. Brad walks Ken through a full Real Wealth Review by breaking down spending, behavior patterns, debt decisions, and practical steps to finally build real financial freedom. This conversation proves one thing:Personal finance is NOT a math problem.It’s a behavior problem. Inside the episode:• Why tracking your monthly spending is the real unlock• How to stop financing depreciating assets• When a newer car is actually hurting your wealth• The power of a spending plan (not a budget)• Why your active income alone won’t save you• How to start building passive income the right way• The faith-based principles that create lasting financial peace• And how one tough IRS situation turned into a comeback story If you’ve ever felt behind, inconsistent, or unclear about where your money is going—this episode will give you clarity, hope, and a path forward.   💡 Key Takeaways Wealth is built through behavior, not income A spending plan brings peace, direction, and control Eliminate liabilities before chasing passive income Don’t finance depreciating assets (especially cars) Create an LLC to lower taxes and keep finances clean Your monthly expenses are the real target—not your salary Financial freedom is possible at ANY age 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction01:30 – Your Biggest Financial Problem Isn’t Math03:30 – The REAL Formula for Wealth (R.E.A.L.L. Explained)06:45 – How to Clarify Your Legacy & Wealth Plan10:30 – Where Most People Waste Money13:45 – The Spending Plan vs. “Budget” Trap15:40 – Debts, Loans & Why Fancy Cars Are Liabilities19:05 – The Power of Paying Yourself First23:10 – How to Turn Freelance Work Into Passive Income27:05 – Taxes, S Corps, and Small Business Hacks30:15 – Escaping the Paycheck-to-Paycheck Trap34:20 – How to Build an Editing Business (And Still Have a Life)38:15 – The 5 Steps to Real Wealth42:10 – The True Freedom Formula (Work Because You Want To)46:00 – Faith, Calling & Your Purpose Beyond Just Money49:55 – Legacy, Giving, and Building a Wealth Plan for Life54:12 – Final Wealth Rating & Action Plan  

Are you holding out for the perfect real estate deal? In this episode, Brad Hovis and guest Kal Murib shatter the myth of waiting for “discount” properties. Learn why the most successful investors buy right away, negotiate creative terms, and hold for wealth that compounds over decades. Discover the power of location, long-term thinking, and why building relationships matters more than chasing bargains. You’ll hear how Cal went from $700 rent to $9,400/month in passive income, the secrets behind owner financing, and the mindset shift every mogul needs. If you’re ready to break free from financial stress and build lasting wealth through purpose and faith, this episode is for you.   💡 Key Takeaways Why waiting for the perfect “discount” could keep you broke.​ The true value of buying real estate for the long term.​ How to use creative financing and owner-carry terms for big wins.​ Why location and relationships matter more than price tags.​ How passive income grows when you hold, not sell.​ Lessons from immigrant grit and faith-driven hustle.​ How to transition from active to passive wealth, one deal at a time.​ Real estate wisdom for building both freedom and legacy. 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction02:15 – Kal’s Journey: From $300 in His Pocket to Real Estate Mogul05:30 – Why “Just Buy It” Beats Chasing Discounts09:20 – From $700 Rent to Owning the Building12:00 – The Power of Location and Networks15:30 – Buy and Hold: Why Long-Term Always Wins19:00 – Owner Financing and Creative Terms Explained22:10 – How to Handle Vacancies, Leases, and Tenants25:25 – Building Passive Income the Right Way28:15 – Lessons from Losses, Mistakes, and Faith31:00 – Relationships, Generosity, and Legacy33:45 – Get in the Game & Never Sell34:50 – Final Words  

What if you could double your income without quitting your job? In this episode of The Real Wealth Formula, Brad Hovis reveals the real steps to enlarge your active income, whether you’re stuck in a 9-to-5, feeling uninspired, or just ready for more. Discover how to become irreplaceable at work, get the raise you deserve, and turn your job into a wealth-building springboard. Brad shares his own $1,000 side hustle story, practical scripts for raise conversations, and the faith-driven mindset that turns effort into legacy.   💡 Key Takeaways Why “quiet quitting” keeps you stuck financially.​ How to become irreplaceable and get paid what you’re worth.​ When switching jobs is the best move (and how to do it right).​ How side hustles set you free—plus Brad’s $1,000 first deal story.​ The truth about passive income, faith, and legacy building.​ Practical scripts for raise conversations and career moves.​ How faith, purpose, and daily habits drive financial freedom.​ 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction: What Is Active Income?02:10 – Why Most People Stay Broke05:20 – How to Become Irreplaceable at Work08:45 – The Raise Conversation: Scripts That Work12:30 – When to Switch Jobs (And How to Do It Right)15:40 – Side Hustles: The Faith-Driven Path to Freedom19:10 – Brad’s $1,000 First Deal Story23:00 – Real Estate: The Best Side Hustle for Passive Income26:30 – Mistakes That Almost Cost Everything29:15 – Steps to Build Passive Income31:40 – Purpose, Legacy, and Living on Passive Income33:50 – Final Thoughts & Closing  

Most people think getting rich means earning more — but that’s only half the story. In this episode of The Real Wealth Formula, Brad Hovis sits down with his brother, a comedian and pastor Jake Hovis to unpack the real path to financial freedom: living below your means, cutting unnecessary expenses (even dog grooming!), and redirecting your money toward passive income that pays you back. From paying off a 2.99% mortgage early to replacing a “day job” with comedy gigs, this conversation is funny, honest, and packed with lessons on stewardship, faith, and purpose-driven wealth.   💡 Key Takeaways True wealth isn’t just about income, it’s about replacing your active income with passive income. You can live debt-free, save, and still enjoy life (yes, even with expensive dogs). Faith-based stewardship brings clarity to financial decisions. Paying off debt early is good but investing for cash flow is even better. Building wealth is about purpose, not just numbers. 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 Introduction00:12 Comedy Festivals and Shows00:48 Brotherly Banter01:15 Day Job vs Comedy Career03:00 Family and Pets05:24 Financial Overview08:25 Expenses Breakdown20:54 Tax Strategies and Business Expenses26:09 Exploring Passive Income Strategies26:32 Evaluating Savings and Cash Flow27:09 Comedy as a Source of Income27:58 Budgeting for Home Improvements29:10 Prioritizing Passive Income35:28 Legacy and Charitable Giving37:53 Creative Motivation and Purpose47:38 Final Wealth Review and Success Plan  

Are you tired of losing money on sports bets?  In this episode of The Real Wealth Formula, we sit down with Garrett Gibson, a contributor to the Denver Sports Betting podcast, to uncover the truth about responsible sports betting. Garrett shares his journey from recreational betting to treating it like a business, revealing the strategies, discipline, and mindset that helped him grow his bankroll and avoid common pitfalls. Whether you’re betting for entertainment or looking to make it a side hustle, this episode will help you understand the difference between gambling and investing, how to set a responsible budget, and why discipline is key to long-term success. Garrett also shares practical tips on tracking your bets, managing your bankroll, and avoiding the emotional traps that can derail your finances. If you’re ready to break free from financial stress and build real wealth through faith, action, and smart habits, this episode is for you.   💡 Key Takeaways How to distinguish between sports betting for entertainment versus treating it as a disciplined side hustle or investment.​ The importance of setting a responsible bankroll and never betting money you can’t afford to lose.​ Why tracking every bet, using a unit-based system, and shopping for the best odds are essential for long-term success.​ How to avoid common pitfalls like chasing losses, betting under the influence, or making emotional decisions.​ Practical strategies for finding value bets, leveraging sign-up bonuses, and using market discrepancies to your advantage.​ The difference between expected value (EV) and gut-based betting, and why a data-driven approach is key to profitability.​ Why most people lose at sports betting, and how to approach it with discipline, patience, and a long-term mindset.​ Resources and habits that help you stay informed and avoid scams or misleading advice in the sports betting world. 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 - Introduction:02:15 - Two Ways to Approach Sports Betting: Entertainment vs. Investment05:30 - The Importance of a Responsible Bankroll08:45 - How to Track Your Bets and Use a Unit-Based System12:10 - Avoiding Common Pitfalls: Chasing Losses and Emotional Betting15:20 - Finding Value Bets and Leveraging Sign-Up Bonuses18:35 - The Role of Expected Value (EV) in Betting21:50 - Why Most People Lose at Sports Betting24:10 - Resources and Habits for Smart Betting27:00 - The Closing Line Value Strategy30:15 - How to Shop for the Best Odds33:40 - Middling and Arbitrage Explained37:20 - The Importance of Discipline and Emotion Control40:10 - Garrett’s Personal Journey and Biggest Lessons43:00 - How to Approach Betting as a Side Hustle46:30 - Final Thoughts  

How do you break free from financial stress when your expenses never seem to line up with your income?In this episode of The Real Wealth Formula Podcast, Brad Hovis dives deep into his personal approach for reducing expenses, escaping the debt trap, and building real wealth—no matter how inconsistent your paycheck is. You’ll learn why tracking is more powerful than “budgeting,” how to rethink credit cards and debt, and the mindset shift that can turn everyday struggles into lasting financial freedom.    💡 Key Takeaways Why wealth isn’t about having more—it’s about spending less and living on purpose How to make a spending plan you actually enjoy following The real impact of stopping debt and credit cards How faith and stewardship provide hope and strategy Stories of everyday breakthroughs on the path to financial freedom 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction02:00 – Why Most People Don’t Track Expenses04:10 – Step 1: Get Honest With Your Spending06:30 – How to Categorize Without Overwhelm09:00 – Intentionality & The Power of a Spending Plan12:15 – The Truth About Credit Card Points14:10 – The Debt Trap (Assets vs. Liabilities)17:00 – Why Paying Off Debt Beats Investing19:20 – Faith, Freedom & Money (Proverbs Lesson)21:15 – Personal Stories: Cooking to Save Money24:00 – Setting Your Freedom Target26:45 – Final Thoughts  

How do you build wealth when your income changes every month? In this episode of The Real Wealth Formula Podcast, Brad Hovis sits down with Kyle — a 33-year-old actor, voice talent, and coach who earns around $2,000 a month, has no debt, over $100K invested, yet still doesn’t feel financially free.   💡 Key Takeaways Why wealth isn’t about how much you make — it’s how much you need How Kyle became debt-free with over $100K invested on a $2K/month income The formula to reach financial freedom even with inconsistent paychecks Why passive income brings stability when your income doesn’t How to grow wealth without sacrificing calling, creativity, or faith 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00 – Introduction02:10 – Actor, Coach & $2K/Month Income  04:30 – Debt-Free but Not Wealthy Yet  07:15 – What Real Wealth Actually Is  09:40 – Passive Income vs. Active Income  12:00 – How Much Do You Really Need Per Month?  15:25 – Breaking the Survival Mindset  18:10 – Why Kyle Still Feels Financial Pressure  21:30 – Budget Breakdown & Real Numbers  24:55 – $100K in Investments at 33 Years Old  27:40 – Why Income Isn’t the Problem  30:20 – The Formula to Reach Real Wealth Faster  33:00 – How to Enlarge Active Income  36:15 – Creating Predictable Cash Flow as a Creative  39:05 – Investing vs. Hoarding Money  42:00 – What If You Only Needed $3K a Month?  45:10 – Faith, Purpose & Financial Calling  48:20 – Real Wealth Rating  51:00 – What Kyle Must Do Next  53:30 – Closing Thoughts