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Chapter 1: What should I consider before leasing my land for a solar farm?
good morning jade and dave so such a pleasure to talk with you thank you so much sure how can we help well i am 70 and working a great deal um trying very hard to make it possible to retire by 80. um recently so this last year i've had two offers from a company that would If I followed those, they would probably make it possible for me to retire within a few years.
But I feel a need to really please this company. And I'm not sure how to go about that, to be real thorough and making sure I'm not going to get myself into a big pickle. Another thing is that my husband would never approve of this. very poor health and doesn't expect to live long.
What are we talking about? What are we talking about?
This is a company that establishes solar farms, um, across the nation and they pay a good rate of rent for your acreage and they, and, uh, and you had two different offers from the same company.
Mm-hmm. Okay. And this is basically they want to lease the land for 15 years, right?
For 30 to 40 years.
30 to 40 years. Okay. All right. I've looked at these deals. I've had some friends that had some that were a little bit older than you, and the – Only question in the deal is twofold. Number one, you've got to make sure the company is solvent in the event that they're strong financially, in other words.
In the event they go bankrupt, obviously this lease is canceled, and then you've got a bunch of junk on your farm.
Yes.
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Chapter 2: Is the American Dream still attainable for immigrants today?
Mm-hmm. Well, thank you for that. That has been a consideration.
I would sell 10 acres and use that money to live off of.
Yes, and we could do that, and it's also something my husband is not eager to do.
I'm sure he would not want to do either of these things, but that's emotional, and we're talking about how you're going to eat, which is what you're worried about. You're working at 70 years old, worried about how you're going to eat at 80. Yes.
Yeah, and so your husband didn't save enough money when he was young and working to provide for his wife's food, and so we're going to sell some of his land to do that. I'm sorry, that sounds cold, but, I mean, that's the way my mind works, okay? And so, yeah, I'm going to pick out how I can carve off and make –
a million and a half on 10 of the 45 acres that are maybe some premium, a premium cut of the 45. Right. And you just got to decide how you're going to parcel that out in Portland, Oregon. And I'm going to start talking to a real estate agent about subdividing this and how I can where I can drop a line with a surveyor. And I'm going to do that to eat with. And you still get to live in the place.
You've still got 35 acres, which is very nice.
And it's the way that he wants it.
And if you do it properly, you get to configure which 35 it is, right? But we've got to get enough out of the other to sit down with an investment broker and create an account. And if you did it right, you probably could get a million and a half. If the whole thing's worth three, I bet you could sell a fourth of it for a million and a half. I bet you could.
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Chapter 3: How can millennials and Gen Z afford to buy a home today?
And they've got to dispose of that.
And it's, you know, it's a big old bunch of junk to haul off.
Holy smokes.
And yet we bought it thinking, oh, we're going to make all this money over all these years when people are buying solar. Now, you can buy solar. There's nothing wrong with buying solar. I don't have a problem with that. This is a different discussion here. This is people leasing her land. And then what they do is they sell it to the local.
They sell the electricity that's created to the local utility.
Interesting.
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Chapter 4: How should I handle $700,000 debt from student loans and mortgage?
And that's where they make their money back.
Yeah, it just didn't feel like a fair deal. $4 million over 40 years for a piece that's worth $3 million today felt, at the very least, I'd want more money out of the deal.
Well, you still own the ground, but you can't do anything with it.
That's what I'm saying. So at that point, like you said, it's kind of useless at that point.
Yeah, exactly. Good discussion. It's the lean against it. It's an interesting discussion. I've not had that on the air before. I did have it, obviously, off air one time. This is The Ramsey Show. Hey, listen up. Everyone is at risk of identity theft. I don't care if you're a hermit living off the grid listening to the show on a battery-powered radio.
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That's why I've been telling people for almost 25 years, they need an ID theft protection plan, and the only one I've ever recommended is from Zander Insurance. They monitor your personal and financial info, even your home title, and take over the work if you become a victim. It's the most thorough and affordable plan out there. I even have it for my family and our entire team.
Visit Zander.com or call 800-356-4282. Well, look who's in the house. Brian Buffini, one of the nation's top business experts, founder of Buffini & Company based in Carlsbad, California. The firm is dedicated to sharing the powerful message of lead generation systems. primarily started out in the real estate world. Brian and I met each other probably 20 years ago.
He's a New York Times bestselling author and speaks for us regularly at Entree Leadership. He'll be coming back with us in 26 and was in town doing some other stuff, came over and did our staff devotional this morning and owned it again. Absolutely fabulous. Welcome back, my friend.
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Chapter 5: What are the challenges and solutions when borrowing from family for a mortgage?
You know, Dave, you're building your brand today compared to building your brand when you started out, you know.
There was no internet when we started. There was no internet.
And then capital is available when needed for certain things. So I just think that, and I do think a little bit, and again, that's why a little bit of adversity would be helpful to America, is folks want easy, quick, millionaire overnights. That's why internet gambling is huge now. Bitcoin is big now. I want success. I want it now.
And I think one of the things about immigrants is you had to sacrifice to come here.
That's right.
I mean, I just left, my mom just passed last week. You know, you have to leave your family and you have to come, you have to pay a price to get here. You guys teach delayed gratification. There's a reason you have a big market because it's a foreign concept.
So there's like a level of skin in the game that you're saying. I was reading a couple of statistics and it was something like one in three U.S. millionaires are immigrants. At one point, like over 48 percent on the Forbes 500 were immigrant run companies, first born or, you know, child of an immigrant.
So you're saying that skin in the game and coming from a sense of not not approaching it from a sense of entitlement. You think that's the.
I wrote a book about I'll give you seven principles in 30 seconds. Number one is a voracious openness to learn. And number two is a do-whatever-it-takes mindset. Number three is a willingness to outwork others we just talked about. Number four is a heartfelt spirit of gratitude. Immigrants are very thankful to America and thankful for the opportunity, thankful to their customers.
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Chapter 6: Is it necessary to get a credit card to build credit?
It's a touchy subject, and that's why the legal immigration route is a sacrifice. If people come here for entitlement programs, you've destroyed the very reason to be an immigrant. Wow. You actually take away all of the seven gifts you have. You take away that. We proved it in Ireland. Ireland, we had 450,000 Eastern Europeans come to Ireland in the early 2000s.
And when Ireland got into trouble and had to do an austerity program, cut back all the programs, 450,000 people left the country. So they didn't come to contribute. They came to take. You have to be willing to come and make your own. You have to be willing to come and make a name for yourself and make a business for yourself and make a life for yourself.
And, you know, what's interesting, the Americans that I run around with anyway do not resent that immigrant.
Huh.
They don't resent the one that came here to add value. They don't resent the one that comes here legally. I don't hear that at all. And so it's not a racism thing, and it's not a, you know, I just hate people that weren't born in America thing at all. Because America is the land of immigrants, for sure.
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Chapter 7: How can AI tools help small business owners improve efficiency?
It does a terrible disservice to people. If you take away the very essence of being an immigrant, it does a terrible disservice.
So the podcast, the Brian Buffini podcast, we're talking to New York Times bestselling author Brian Buffini today, is called It's a Good Life. Be sure and check it out. So what's been your experience doing a podcast? Because you're a speaker, a coach, extraordinaire, and then you sit down behind a microphone like this now.
Chapter 8: How do I stick to my budget and get out of debt when expenses keep rising?
Yeah, well, it's a little different. You know, like when I wrote a book, I found out as a writer I'm a great speaker.
And then I found out when I was on TV I got a face for radio.
Exactly. And, you know, just because you can buy a microphone doesn't make you a broadcaster.
That's true.
And being Dave Ramsey is not as easy as people think. You know, here's what I do. I get a chance to interview people I'm really interested in and ask them things. I had you on today, and I asked you as a business mentor of mine, as you have been, I got to ask you some questions that helped me in my business today. I got a couple hundred employees I got to take care of.
I got a pretty good business going. And, you know, so I get a chance to meet some fabulous people. and ask them their stories, and you hear some wild stuff, you know.
The largest and most successful coaching company in America today coaching real estate agents, by far, not even a close second. I grew up in the real estate business, and so one of the things I've been asked lately, and I was asked this the other day on a podcast that I was a guest on, is Gen Z feels like they can't buy a house.
Millennials, too.
Yeah. And some millennials feel like they can't. Talk about that because you're square in the middle of it.
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