Bruce Breedlove: Financial Coach Helping Real Estate Agents

How can real estate agents break the cycle of feast or famine in their business and build lasting wealth?

In this insightful episode of the Real Estate Excellence podcast, host Tracy Hayes sits down with Bruce Breedlove, a millionaire real estate investor and co-founder of Align Money Mastery. Breedlove shares his remarkable journey from humble beginnings to financial success, highlighting the importance of financial literacy and discipline. He offers invaluable advice for real estate agents on how to manage their finances effectively, run their business like a true business, and invest wisely to secure their financial future. Breedlove also shares his thoughts on the current economic climate and its impact on both investors and the average consumer.

Bruce  has a passion for helping individuals clarify their goals and create a financial plan to reach them. As a financial mentor, he is committed to providing the necessary tools to become fluent in the "Money" language. There is a ton of noise out there, and it can be overwhelming. He will walk alongside his clients through this journey, and by the time they have completed the Mastery Class, they will possess all the information needed to make sound financial decisions for themselves, their families, and their friends. Gaining control of one's financial world can lead to astonishing life improvements. The freedom and peace it brings are immeasurable. He has been helping people gain clarity around their finances for 9 years. Recognizing an unmet need in society, he created Align to assist further.

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00:00:00 - 00:11:59 The Millionaire Mindset: Bruce Breedlove's Journey to Financial Success

• Breedlove's decision at 17 to learn how money works and become successful

• The importance of starting early and investing consistently, even with small amounts

• The lack of financial literacy among many adults, including real estate agents

00:12:00 - 00:29:59 The Pitfalls of Debt and the Power of Intentional Spending

• The dangers of using home equity to pay off high-interest debt without addressing spending habits

• The impact of depreciating assets, like boats and RVs, on one's financial well-being

• The importance of aligning spending with long-term financial goals

00:30:00 - 00:52:59 Running Your Real Estate Business Like a True Business

• The benefits of setting up an LLC and filing as an S-corp for tax purposes

• Effectively managing income and expenses using a simple spreadsheet system

• The importance of having a business emergency fund and paying yourself a consistent salary

00:53:00 - 01:11:59 Investing for Financial Independence and Early Retirement

• The power of dividend investing to generate passive income and build wealth

• The importance of avoiding lifestyle inflation and focusing on appreciating assets

• How Align Money Mastery helps clients achieve financial independence through personalized coaching

01:12:00 - 01:25:00 Navigating the Current Economic Climate: Inflation, Interest Rates, and the Tale of Two Investors

• The impact of quantitative easing and tightening on inflation and asset prices

• The differing effects of inflation on investors versus the average consumer

• The importance of the Federal Reserve maintaining higher interest rates to control inflation, despite potential short-term pain

Quotes:

"The math is unforgiving. The math doesn't care how you feel." - Bruce Breedlove

"If you're finding yourself getting further and further away from financial independence, change something. And if you're more and more stressed about paying your bills or running your business, you're doing something incorrectly. It doesn't have to be that way." - Bruce Breedlove

Connect with Bruce:

Website: https://www.alignmoneymastery.com

Youtube: https://youtube.com/@alignmoneymastery?si=9MpfW4y4X8o8NJA6

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Are you ready to take your real estate game to the next level? Look no further than Real Estate Excellence - the ultimate podcast for real estate professionals. From top agents and loan officers, to expert home inspectors and more, we bring you the best of the best in the industry. Tune in and gain valuable insights, tips, and tricks from industry leaders as they share their own trials and triumphs. Whether you're a seasoned pro or just starting out, a homebuyer or seller, or simply interested in the real estate industry, Real Estate Excellence has something for you. Join us and discover how to become a true expert in the field.

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