This episode of the Solomon Investor Podcast is brought to you from an interview that I did with Anthony Scandariato on his channel, Red Knight Properties. In this episode, I give a little background into how I got started in the industry and discovered an investment strategy that withstands the test of time.
Transforming Your Net Worth The Solomon Way with Blake Templeton | Solomon Investor
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This episode of the Solomon Investor Podcast is brought to you from an interview that I did with Anthony Scandariato on his channel, Red Knight Properties. To watch the full interview, go to Red Knight Properties or click here.
In this episode, I will give a little background into how I got started in this industry and why I am on the path that I am on.
I also share how you can put your wealth to work for you-- Transforming your net worth, the Solomon Way!
Key Takeaways:
00:00 Episode Intro
00:11 Introduction to Blake’s History in the industry
02:35 Why King Solomon?
04:42 The 3-Dimensional Model
10:29 Activate your Net Worth
12:42 Protect your wealth
13:42 Blake’s key “nuggets”
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Transforming Your Net Worth The Solomon Way With Blake Tem...
Tue, 7/27 11:00PM • 16:48
SUMMARY KEYWORDS
market, investments, activate, wisdom, due diligence, money, invest, tangible, wealth, stock market, unemployment, property, cash flow, great depression, god, bank, tied, anthony, protect, economic indicators
SPEAKERS
Blake Templeton
00:00
This interview was originally published by Anthony skander yato on his channel, red Knight properties, for the full interview, you can go to red Knight properties or click the link in the description. I kind of want to talk about, you know, obviously your company and your experience over the past 14 years. You know, a lot of my listeners would benefit from hearing from you very seasoned in the industry, what exactly you focus on and, you know, I want to talk about how how powerful of a system you have and how you're able to transform other people's lives financially through the type of investments that you make. So I definitely want to hear more about this.
Blake Templeton00:40
Yeah, let me just start out just tell you a little about how it all got started in 2006. I dropped out of school that a pain to my name, no one to own my own business some way somehow and persuaded a multimillionaire to pour into me and he asked for a chunk of money and I went and persuaded others for that money that was the initial private investment, you know, offering was figuring out how to go get a mentor, I wrote his Kotel in to the into the real estate investment world back in oh six, burned the bridges behind me knew I had to do it someway, somehow, and ended up making six figures first year, double the next almost double the next. And I realized that I was in a season, when the you know, centralized banking system was collapsing, as you and I know, it wasn't the real estate world, it was collapsing, real estates, a tangible asset, that always holds the value, but it was essential as banking, it was the actual banking world and with inflated notes, those collapsing and I saw that happening all around me. And at that time, we were not affected. And so, but unfortunately, I was arrogant and prideful, and, and wanting to go, you know, own the island and become, you know, separate from the world. And that, that that was what this world was about. And God literally just sat me down. And it was like this, come to Jesus, where he's like, man, I made you so good at doing this. But it wasn't so that you could just go, you know, throw money away and, and this arrogant way of life. And so he's just really showed me that I was created to go help others create wealth, to get financially free and to live for a bigger purpose in themselves. So I, I really just went back to my basics, went back to my roots, and I started looking in the Bible and back 3000 years ago, I'm in the middle of a book and I'm finding Solomon, King Solomon was 3000 years ago, he was the he was the first trillionaire. And he was the wisest man of his time. And he was the only one who actually documented how he got his wealth. And he documented it showed what he did well, and then where he actually fell off and did bad. So you actually had this, this practical picture. And man's I dove into that. And we start building our investments on what we call 3d, three dimensional investments. And truly for the last 14 years, I can tell you, it's not my crystal ball that I've had, but it's literally living in this methodology following his the the secrets, and the, of the the way he actually invested, which was, you know, it's so funny. Anthony, I hear people all the time. You know, they're hungry to actually go make money. But they they don't go back to the one who actually was the source of all the money. And so the reality was is three dimensions is everything was God directed. It's like the first thing that happened in that time period was guy went to Solomon, he just become king. And he said, you know, what do you want even one thing, what do you want? And he said, I want wisdom. Good. I said money could have said wealth could have said power. They said wisdom is and God said, because you want wisdom, I'm also going to impart wealth. And every investment he did was based on a god directed mentality. That's the first dimension is it's got to be God directed. And it's not even tying directly to the listeners in your spiritual orientation we have we have atheists who invest with us all the time. They're like, I don't really agree exactly what's your spiritual side, but I invest with you because if there is a God, I want my money to be protected. I want it to be you know, wisdom,
04:41
can you can you kind of dig into that a little bit more in terms of that model and that three dimensional investment model Can you can you talk about the things that you know, you're implementing from you know exactly what you talked about in your business. That You know, apply exactly to, you know, the King Solomon model you just mentioned?
Blake Templeton05:04
Yeah. So for instance, the first one is that that first dimension is that God directed So, and we've been in business, again, 14 years, and then 300 plus transactions, and no one's lost money. And it's not because of our due diligence, though, our due diligence is really good. And I would say that we have world class due diligence. And I would say, you know, that we're off the chain we have, we have 13, different proprietary economic indicators that we look at, we do six months of due diligence before we get into a market. But the reality is, is that there's so much going on behind the scenes that even in an apartment complex, you can't even see it, even if you walk every unit, there's so much going on from the emotional state of the people. I mean, when we talk about the emotional state of the people, most people don't understand the climate right now. Like we're at 16% unemployment rate, right now, the only time we've ever been here, right is the Great Depression. And, and we're still got a good month and a half of additional unemployment. I mean, the train hasn't stopped yet. And there's good news at the end of this, and it's so important for you to understand that the good for the listeners to understand that. That's why when we, when there's a we're in a great market, or a bull market, globally, and everything's good. Like, it's so easy to like, lean on our own wisdom. But the true wisdom, I can just go back into our investments and some of the investments that we've invested in all of our 13 economic indicators line up, everything looks good. And I have like, and with the peace of God, God directed us to buy a property, but we've also had some, all the indicators lined up. And it's like, this is a killer property, this is a great deal. And, like, there was no peace, God said, don't buy that property. And then flip it, we had 13 indicators that we go through, and we did all of our due diligence, 10s of 1000s of dollars in due diligence. And then we're like, that's not it doesn't make doesn't meet the numbers, it just doesn't work. And then God said, buy that property. And so the realization is, is that in a good market, or a bad market, we got to get outside of our own wisdom. I mean, my personal wisdom is but you know, you know, but dust, it's literally here today, gone tomorrow. And so I've got to, like, we got to tap into God's wisdom, and the only way we can do that is for an investment to be God directed. And, you know, going back to being tangible, being, you know, a, so that second dimension is like the land base. And that third dimension is cashflow. And when we actually go in with God's wisdom, our due diligence process, from an earthly perspective is still way different. Because we're not looking to hit indicators that would be good. So we can just go buy a deal. So you just go get in the deal. We're buying on a mindset that we want to truly be able to stand the test of time you stand. So for us personally, we invest in markets that are in secondary markets that don't actually have a great tie to the global economy index or the stock market or are solely invested based on the oil market or you know, as we know about oil right now, oil. We've never been in a situation like this where we've had a as a centralized markets, the stock market is never took that big of a dip and 22 days, it took a 35% loss we've ever had that plus a geopolitical battle. You know where I right now today, oil is selling at 11 bucks a barrel. couple hours ago, it was in the negatives crazy. But we we don't go into a market where the people are solely tied to a problem that can actually happen to the best of our abilities. And so and so when you've got the beautiful thing about three dimensional investment, is that you've got the value of the land, you've got the cash flow of the property. And for us personally we go into investments that the value of the the tangible The improvements aren't directly tied to the value of the cash flow, meaning if the cash flow goes down, the real estate still holds the value. And that's really important. Because if we're only in a market where the multiple is based on the cash flow, then obviously, you've got something that truly has value, but you can't sell it because because on paper, it doesn't have value. So a three dimensional property is really, really important. It's time now to take control of your life, it's time now to do three things. And it's truly about activating your net worth. Like your net worth, if it's in the stock market, your net worth is what I'd call worthless, because it has no tangible value. So you've got to the good news is what you got you got it's kind of like it the high school test, the pop quiz came, what you have in us what you got in you. So instead of looking like I lost some money, the truth is you never had the extra money, you may you never had the additional funds, because it was all paper game. It's like at the casino, whatever you had, you just got to eventually pull your chips off the table and go cash it in. And the reality is, the good news is this with all this stuff going on, the good news is this. Take what you have in the market and activate it step one you got to activate, you got to take it out of the market. The number one thing is you got to take it out of the market. And now you got to go create what we'd call an ATM machine. And the way you do that is you activate that by taking it out once you put that in tangibles now you can actually make money on that real money. Not not the casino money where it's in, it's out it's in its Alice fossil, not where it goes from 18,000 up to 23,000 on the Dow and you're like, wait a minute, the stock markets at 11. I mean, the the oil markets 11 bucks a barrel, we've got 16% unemployment, though, we're going into a bit of a depression. And now we're still inflating the market. That doesn't make sense that's going to crash sometime too. It's it's held up, it's held up by something, it's not tangible tell that by, you know, a false money, which is just money poured into it. So you kind of realize that this is your moment, like you've been created for something bigger than letting letting an advisor tell you where your money is gonna be it's, it's your time to take action. And the first step is just activate it, pull it out, just activate your network and pull it out step two, is now you've got to actually protect it, it's not protected in the market never been protected in the market. That's why you've allowed it to go up and down, up and down. But now it's time to protect it, you want to actually protect your wealth. That's the only thing that makes sense. Like if you and I'm if you and I are actually going to be a good steward of what we got. Because the whole reason that we've done the 50 5050 that work the 50 hours for 50 weeks for 50 years was so we would have that money. So you know, Anthony, I think we both agree that the second step is you got to protect it and you how you do that you collateralize it, you put that back into real estate where it's tangible. So you've got the the physical real estate, and you've got something cash flowing on top of it. And the third thing is cash flow. So you got to activate it, you got to protect it, you got to put in cash flow. And then you've got this thing producing all day every day. For those looking for some some key nuggets as you're moving forward in 2020. Like into 2021 and looking, you know, you've got Harry dent saying that, you know, potentially a 10 to 25 year depression you're looking at, you know, Ray Dalio even saying, who's who's your, your guy who's been 22 years solid with, you know, positive gains in the market. He's had losses this year. And he's saying economic implications such as unemployment and GDP and the holes in personal financial sector. financials is most similar to the Great Depression. So he's saying, you know, a, it's not getting better, like, shake it off people, it's not getting better, you have a new normal. So the the key nuggets here are, if you if you know, it's a new normal, first of all, number one, you got to take in, it's not going to come back like it was and that's going to recalibrate how you spend, how you how you pay your bills with how you're processing that. Then in your investments. Number one, you've got to activate your wealth and get it out of the mark. If you've got, you know, Anthony, I have people all the time they're like, could you take 40 grand in this in this 401k or this? You know what I forgot I had about 75 grand in this IRA over here. Just sitting, they have no value on it because they haven't touched it and you know, so many so much time. So you got to recalibrate, what do you have? What do you have in the market? activate that pull it out, then you've got to put that in tangible real estate. Someone told me the other day, I'll just put in the bank until I, okay, look, the banking system, the centralized system is, is just like the centralized market. It's all backed by printing fake money. Like today, the interest rate is now zero that they lowered it to zero. So what that means is, is that the bank can lend money Unlimited, without even having depository money, and they used to have is still terrible. They had to have $1 in they could lend nine out. Now they have that many depository dollars in they can just lend. I mean, these are the last stages to just printing money to keep the market going. We go back and look at every empire that did that and it never ended. Well. So the my point in saying that is don't put your money in the bank, if it's gonna move, if not stock market to the bank. I mean, FDIC only protects you as long as you know, the bank doesn't go under. And we know that during the Great Depression. That's what happened. Those who are our age, Great Grandma, I lost all her money, it was sitting in the bank. So bottom line is you got to activate, you got to protect it, you got to catch up today. You're going to need cash flow today. That's the name of the game. You're going into this new season. So all the money you got, you got to put in cash flowing entities. That's the key. Right now you need cash flowing entities you need to start producing additional monthly income