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Small Axe Podcast


May 16, 2022

What is it like to have $40,000 in debt and eat ramen noodles and end up with almost $200M in real estate? Today, my guest, Logan Rankin, talks about his new book, "Find Your Financial Freedom." He stresses the importance of financial literacy, not just to build wealth over time, but to protect yourself from inflation and other economic uncertainties. 

Logan provides specific steps for building a solid financial plan and discusses how his story has inspired others to chase their dreams. This conversation is packed with valuable advice for listeners of all levels of finances. 

Don't miss this episode if you're looking to get ahead financially!

 

[00:01 – 10:41] From Being in Debt to Achieving Financial Freedom

  • Achieving financial freedom by the age of 30
    • Opt to save the money
  • Building a property management company
    • Culture is more important than real estate
  • What it takes to have a balanced life
    • Develop systems in order to free up time for other pursuits

[10:42 – 25:51] Better Positioning and Strategies to Attract Income

  • Focusing on debt and coverage
  • Repositioning properties to attract more tenants and income
    • Acquiring more properties will help reduce your risk
  • Strategy for debt management
    • Use community banks as a bridge to get your debt to non-recourse
  • How books can change your life
    • Have a good financial literacy in order to handle the current economic conditions

[25:52  – 32:18] Reaching Your Full Potential

  • Creating great impact through writing
    • Achieve your full potential
    • Constantly evolve as individuals
  • Connecting with others and building relationships
    • Provide value



Find out more and connect with Logan through the following:

 

Send him an email at hello@loganrankin.com, visit his website, and check out his book Find Your Financial Freedom.

 

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I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

 

Tweetable Quotes:

“Real estate's not about real estate. When you're building a company, it's actually about business, and it's about culture.” - Logan Rankin

 

“It's more important than ever to have a good financial literacy because we have things going on right now that are really important to understand.” - Logan Rankin