Saen Higgins is a world leading expert on investing in tax lien certificates. A passionate public speaker, philanthropist & entrepreneur. He is also a professional photographer and taught 500,000+ clients to build wealth. He is the founder of Wealth Formula Academy, Saen360.com, and has over 30 years of experience in Real Estate.
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Guest Resources
Saen’s Website – Visit Saen’s website.
The Wealth Formula Summit – Discover your way to create generational wealth. Reserve your spot and join the Miami Wealth Formula Academy Summit! Use the code “johnmiami” (Sorry! This link was active when this episode was first published in 2022. This resource is no longer available.)
3 Value Bombs
1) Having a morning routine is a must. It sets the stage for everything.
2) Putting up a retirement plan is one of the best strategies.
3) Don’t do it to get the deal; instead, do it to have the skillset.
Sponsors
HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com!
Manscaped™: The premiere below-the-waist grooming company, and they also offer the best all around men’s hygiene tools! Get 20% off and free shipping with code FIRE20 at Manscaped.com.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: The Wealth Formula with Saen Higgins
[1:41]- Saen shares something he believes about becoming successful that most people disagree with.
- He believes that a morning routine is a must. It sets the stage for everything.
[3:56] – Saen shares details about The Wealth Formula Academy and his belief in building true wealth.
- It started with a conference of colleagues a few years back.
- He met and gathered some of the best people in his life who shared a common wealth: financially and in health.
[6:32] – Saen shares a success story from people who applied his learnings over the years.
- Most of his superstar students in The Wealth Formula Academy are those who spend more time planning their success.
- He teaches how to have a skillset rather than just getting the deal.
- His best success stories are from people who learned to have and manage their customized retirement accounts.
[9:20] – Saen talks about the strategy of buying properties for 10% of fair market value.
- He made his first deal in 1994.
- Everybody has property taxes, and the county collects that money as revenue.
- When somebody does not pay taxes, the county loses the ability to produce more money.
- The county will give you a tax lien certificate for paying somebody else’s property taxes.
- When taxes are not paid, you will get a guaranteed rate of return.
- If taxes aren’t paid after five years, you can start the foreclosure process and get the property at 10% of fair market value.
[13:48] – A timeout to thank our sponsors, HubSpot and Manscaped™!
[16:28] – Saen shares his thoughts on Customized Retirement Plans.
- Start doing things not because you have to, but because it is the right thing.
- Having a Customized Retirement Plan is essential in wealth-building; it eliminates the IRS.
[20:30] – Saen shares his strategy on income taxes.
- Putting up a retirement plan is one of the best strategies.
- You can have everything inside your retirement plan.
- You cannot avoid paying taxes, but you have options.
[24:11] – Saen’s parting piece of guidance.
- Don’t do it to get the deal; instead, do it to have the skillset.
- Have a mastery mindset, and all the periphery things of making money will come into you.
- The Wealth Formula Summit – Discover your way to create generational wealth. Reserve your spot and join the Miami Wealth Formula Academy Summit! Use the code “johnmiami” (Sorry! This link was active when this episode was first published in 2022. This resource is no longer available.)
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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