The Beauty of Self-directed IRA with Jennifer Falloon Part 3

Apr 26, 2021

This episode is part 3 of my conversation with Jennifer Falloon. She is the Sales Manager for taxfreefuture.com, a self-directed IRA company. She has been in the business for over eight years and is involved in 95-million worth of assets.

 

Let’s jump right into this episode and learn more about the benefits and beauty of a self-directed IRA.

[00:01 - 12:00] The Importance of Relationships and Building Trust 

• Micro amounts effort to get your way into financial freedom.
• Jennifer talks about her goals to share knowledge with others so they could get ahead and win. 
• Educate yourself and push yourself to learn more.
• Jenniffer talks about educating your kids to be independent and responsible for themselves.
• If you messed up as an investor, make it right, it’s just that easy.
• Life happens, but if you're honest and transparent, it's okay; it’s forgivable, just make it right, take responsibility, fix it and move on.
• The importance of relationships and building trust for the future of your business.
• The cost of protection.

 

[12:01 - 22:20] Buy and Holds

• Jennifer talks about Buy and holds
• • Long play game, more money but locked in for five years
• Doing a little bit of everything
• • Rentals, fix and flips, multifamily, etc
• Consider what your terms, goals are and what do you want to accomplish 
• Jennifer shares her experience in the lease market that she did not expect 
• • Ask your client what do they want, not just following what most people want.
• Jennifer talks about her goals in 5 years.
• In Buy and Hold, you have to be upfront and make sure your clients understand implicitly that their money is locked up for five years.
• The importance of having emergency funds

 

 

Tweetable Quotes:

“life happens, but if you're honest and transparent, it's okay it's forgivable, just make it right, take responsibility, fix it and move on.”- Jennifer Falloon.

“Consider what your terms, goals are and what do you want to accomplish before deciding on what you want to do with your money ”- Jennifer Falloon.

“I am willing to pay more to know that I am protected.”- Jennifer Falloon.

 

To know more or connect with Jennifer, visit her company’s website at taxfreefuture.com or www.vorsainvestments.com. 

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