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The Academy Presents podcast

Apr 30, 2021

In this episode, we are going further with the discussion of the Self-Directed Retirement Account with Dmitriy Fomichenko. He is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control. He is very knowledgeable and experienced across the board in real estate, from self-directed IRA, solo-4O1K, single-family homes, to syndication in multifamily, and many more. 


Let’s jump right into this episode and learn more about his amazing experiences.

[00:01 - 09:30] Opening Segment

  • Let’s bring Dmitriy Fomichenko to the show.
  • Dmitriy talks about his background.
    • Immigrated from Rusia
    • He got a degree in electric mechanical engineer.
    • Got introduced and jumped to real estate investing in early 2000.
    • Recruited for a financial services company.
  • He transitioned from working in the financial plan to full-time in real estate in 2004.
  • In 2009 he was given a task to help his clients with self-directed IRA.
  • Dmitriy shares how he branched out and started his own company in 2010.


[09:31 - 15:00] Biblically Based Financial Principles

  • Dmitry shares his struggle and challenges working as a manufacturing engineer.
  • Dmitriy talks about the perks of having an engineering background in the real estate industry.
  • Looking back, everything happens for a reason.
  • The idea behind his company is biblically-based.
  • Dmitriy shares his testimony on applying biblical principles to his finances and investments.
  • Good planning and hard work lead to prosperity, hasty speculation bring poverty.


[15:01 - 19:11] The Difference Between Investing and Speculating

  • Dmitriy talks about the difference between investing and speculating.
    • Stock market vs. real estate 
  • Dmitriy talks about the fluctuation of the mutual funds he has in the market.

Tweetable Quotes:

“Having an engineering background helps me develop processes and systems that I was able to implement in real estate.”- Dmitriy Fomichenko.

“The key is to learn from my mistake and other people’s mistakes, and do not repeat that.”- Dmitriy Fomichenko.

“Good planning and hard work lead to prosperity; hasty speculation bring poverty.”- Dmitriy Fomichenko.


You can connect with Dmitriy on Linkedin, or you can also visit his website at 


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