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Speech Transcript

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L. Scott Ferguson: [00:00:00] Hey, time to shine today. Varsity squad. This is Scott Ferguson and I have a fantastic interview with my Philly boy, my good friend, Fred Moskowitz. He is about the cash flow and. When I kind of came up into the business world, and I said that in air quotes, if you’re just listening, basically I was taught that, , cash is king in that the more that you can own the flow of it, the more successful you can be.

Now people know about my 2009 situation. I kind of lost everything, but prior to that. I really built the portfolio using note investing and cash flow and i’m not going to try to explain it because there’s no way that I can really put it in a way that you can understand but my good friend here fred moskowitz does And so I would recommend that if you’re looking for an alternative way to Cashflow that you don’t always have to use your money It’s people really want to get involved in this and hop in it because everything’s legal and everything’s secured Then break out your [00:01:00] notebooks because i’m going to bring on fred moskowitz now And you do not want to miss it And if anybody else, please share this with them or maybe hit subscribe like it my sponsors and affiliates really love that as well So again without further ado, here’s my really good friend Fred moskowitz.

Let’s level up

 Time to shine today podcast varsity squad. This is Scott Ferguson and I get really excited. Obviously you guys know about people that are investing in real estate and I get a lot of, , mom, pop investors, commercial investors, one offs, flips, all yada yada yada, but my friend here from the East Coast that I can’t wait to actually meet in.

Live in person in a couple weeks, Fred Moskowitz, he’s about note investing and he’s not just about note investing, he’s also about cash flow. And he loves to help people level up their cash flow because no matter what they say out there, I don’t care how inflation is, but cash is always going to be king.

And my good friend Fred Moskowitz is an educator and best selling author, which stick around to the end because I have a free book giveaway. And he’s trained countless [00:02:00] investors from all walks of life on how to create passive income streams of their own. As a fund manager, Fred manages a mortgage note investment fund and is considered an industry veteran within the note investing arena.

Fred teaches the concept that individual investors are able to step into the shoes. Of the lender. Just think about that. You become the bank people, which that’s the banks have the power. You can actually become the bank and Fred takes pride in collaborating with investors to help them grow and profit in the note space, as well as being a trusted and valued resource in the arena of alternative investments.

His new book. Not so new, but it’s newer book. The little green book of note investing has recently launched a couple of years ago, actually. And again, hang around to the end. Cause there’ll be a free book away. And Fred, thank you so much for coming on. Please introduce yourself to the time to shine today.

Podcast varsity spot, but first my friend, what’s your favorite color and why?

Fred Moskowitz: Thank you, Scott. Thank you for having me on today. My favorite color is is green. I love green. [00:03:00]

L. Scott Ferguson: Love it, man. It has to do with the notes and that cash flow, brother.

Fred Moskowitz: It has to do with so much. It has to do with the abundance we see in nature.

Rebirth, right? Exactly. Yeah. It’s like it’s life. It’s abundance. It’s all, all those good things. Growth. Yeah. Creation. Yeah. I love

L. Scott Ferguson: it. And I got to tell you, man, when I always look at the docket for the next day’s interviews. Right. And I must’ve did like 10 more burpees this morning. Cause I was so fired up to talk about, , cashflow and notes and stuff like that, because people are not taught this stuff and just general educations, what I’m saying?

They’re, they’re taught to be pigeonholed and do this. And, , you are a legend, man. I, we also vet you out and do what you’re talking about? And my good friend, , Fred out there, squatty rock stages. And if you can see him speaking anywhere, please get out there and see it. And you can see some clips on his, on his website as well.

So, , Fred, let’s get to the origins though, brother. Where do we start and then kind [00:04:00] of work our way up to how your passion for helping people understand the cash flow is King, right? And how it instilled that in their mind, my friend.

Fred Moskowitz: Yeah. Thank you. Thank you. I’ll share a little bit about my background, Scott.

I started out in life having this very long and successful career working as a computer engineer. And I spent many years working at. Different tech companies, startup companies and what happened to me was I watched my entire industry get flipped upside down because we had the bursting of the dot com bubble.

And that was immediately followed by the September 11th terrorist attacks. And you can just imagine so much turmoil in the world. The tech industry was in shambles. And so I realized that at that moment that I was way too [00:05:00] dependent on the paycheck for my job. It was my only source of income, just one source of income.

And so I was taking on this huge risk. By relying on this single source of income. And even though I loved my job, I love the work I did. It seemed that my jobs were always just full of all these circumstances, completely out of my control. And I quickly learned that no matter how talented of an engineer I was or how valuable of an employee I was.

The bottom line is if things were not going well in the company or at the industry overall, that I could quickly lose my job through no fault of my own. And so I came to the realization that I needed to start having other sources of income so that I wouldn’t be so dependent on that [00:06:00] paycheck. And with that, I turned to alternative investments.

Namely, I got started with real estate. I wanted to build a rental portfolio and generate cashflow from that. That’s, that’s the in that’s the income that I was seeking was income from other sources that was isolated from my paycheck at work and start to provide some diversification. And so that’s how I got started, but through my real state investing and education.

I. Sat in front of some masters of real estate education. Some of the, the real old masters like people like Jack Miller and Jimmy Napier and, and Peter Fortunato, right? Some of the, the great names in real estate education, [00:07:00] but I, I started to learn over time. About this niche area called node investing.

And what I learned about node investing, I thought was interesting was it’s similar to real estate, but you’re investing in the, in the paper. Of the transaction instead of owning the real estate, you’re owning the loans and receiving cash flow from that. And so that became a very, that was very appealing to me.

And so I really started to grow and expand that, get involved. And I saw that it was something. That you could really ramp up and scale up. And so I became very interested and over time, over many years, it grew and grew. And now is my primary business and my primary activity that I work on.

L. Scott Ferguson: That’s awesome, Fred.

So [00:08:00] what was your, first of all, may I ask your age and we’ll take this off the mic if you don’t, if you don’t mind saying it, but like, or you do mind saying, how old are you? I’m 50. Okay. So I’m 51. So you and I are like, boom, like right there. So we, we saw the. bomb or. bomb, but we could call it. bomb basically.

It

Fred Moskowitz: was an exciting time for, for me that the. com boom, the birth of the internet. Was in, in that it was, it was exciting. Yeah, I was, I was in it. I was a part of it. I worked at the startup companies. I saw things that were amazing. And it was so exciting to be on the cutting edge of a lot of these technologies and products that were getting, we were bringing them out to the world.

And I was a part of that. And so that was, was really exciting for me as, as a young engineer. Yeah.

L. Scott Ferguson: Let me ask you something. And did [00:09:00] any of those purple books give you any of the incentive to start any of this? Absolutely. Yeah. Kiyosaki, right?

Fred Moskowitz: Absolutely. Yeah. That, that was a huge, huge influence. Yeah. Rich dad, poor dad.

L. Scott Ferguson: ,

the interesting thing, you and I are brothers from different mothers, man. I’m going to tell you right now, bro.

Fred Moskowitz: The interesting thing about that book is it’s more of a motivation and high level strategy about how to structure your life and how to think about investing. And how to organize yourself it doesn’t teach you how to do investing the hands on the tactical that you have to go elsewhere but it’s, it’s a great book to, to get started and refocus your, your mindset in a good

L. Scott Ferguson: way.

It’s so funny with, with Kiyosaki, I went to an event and , I had this book and it was in shambles, [00:10:00] man. It was like highlighted everything. I probably borrowed it out 10 times. I had it gave to him. He’s like, Mr. Ferguson, can I have that? And he took it from me. Well, in a week he had it like in when you come down here in a couple of weeks, I’m going to show it to you, man.

It’s like encased in a thank you note written from Kiyosaki. It was super cool because I paid a buttload of money to like meet him, , like in, in a thing and he’s like, Oh, Mr. Ferguson, I’ve got that. I was like, that’s epic. , cause what I heard a lot about. While you’re doing this is, , you even says it in the books, , that work your day job, but mind your own business, right?

So you’re working your job as a software engineer. Again, I’m dumb to that area. So please forgive me for any errors. But, , you knew something like we, , people say, , you, you make a living. , from nine to five, you make a life from five to nine, , and and I love that you did that.

You, you had the vision to see that. That’s freaking awesome, Fred. So what was your first investment that you remembered? And [00:11:00] how was the butterflies in your stomach? Because again, you come from. A tech background where they’re not a bunch of risk takers in the business where you’re risk takers on the screen, on your software and stuff like that.

But in the business world, what was your first deal and what was your feelings while you’re about to sign that one?

Fred Moskowitz: Yeah. My first, my first deal was buying a four unit apartment building in Philadelphia. That was my first property, and I got it, it was in an awesome neighborhood, a great location the numbers worked well on paper, it cash flowed, and the prior owner had a lot of deferred maintenance on the property.

So I knew that I was going to have to put money into it. But I, Everything looked good. The numbers worked, the rent roll was good and there was all [00:12:00] of this, there was all this resistance that kept coming up. There were some people telling me, hey, that’s a bad deal, don’t do it. Of course. My… Lender was the financing.

I had a lot of trouble with the financing, even though I had a good, stable W 2 job all excellent credit, all of these things, there were some problems getting close to closing where we were worried that. The lender was not going to do the fund, the purchase, and it was a bit scary. And so looking back at it, it’s like all of this different resistance from different places.

Yeah. But but in the end, everything went, went very well and worked out well. And, and that’s, that’s how I got my start. Right. And that was my first deal.

L. Scott Ferguson: How long did you hold it for? Do you still hold it? Still hold it. [00:13:00] That’s all. Do what I assume. My first one was in Ypsilanti, Michigan. Eastern Michigan’s campus.

Right? And I still own it to this day, man. Yeah. That was 1990. No, it’s 2000. That’s a good

Fred Moskowitz: area there, Ypsilanti. Yeah, Yeah, I’m pretty sure we’ve done some note deals there. Okay Yeah,

L. Scott Ferguson: yeah, Ypsi, it goes Ypsi and then Ypsilanti and then Ann Arbor, where the University of Michigan is It’s like right next door.

So that’s awesome So when do you ever work one on one with people to educate them on this or do you do it more through the mass market? or what’s your

Fred Moskowitz: I’ve done. Yeah, I’ve done both. I love education. I feel very strongly about it. And it’s something that you have to take the initiative yourself.

Like, like you mentioned earlier, you have to take it upon yourself to learn, find opportunities to to learn and put yourself around the right people. And then you. You do [00:14:00] it, but yeah, education is in, especially in investing. It’s super important. And this is the way that, that we grow, that we expand upon the area where, , where we are and take it to the next level.

It’s always through education.

L. Scott Ferguson: Love it. And so if you’re working with somebody, maybe in your, in a discovery conversation, you’re meeting at a coffee shop and they know, Hey, I’m meeting the legend Fred, right? And, , you’re kind of sitting there. Is there any secret sauce you might use to help them find their blind spots?

About investing or what do you see? These people’s biggest

Fred Moskowitz: fears are yeah There’s a couple things scott. And one of the first questions I I ask especially when Someone is interested in node investing because there are there’s Multiple ways to to get involved in. Yes, sir. Yeah I always have to start with how much time [00:15:00] do you have?

How much time do you have how involved do you want to be in node investing? Because you can be Active and active investor in, in node investing where you’re hands on involved in it, or you can be passive. You can be passive as a node investor, which requires no time at all. And it depends on your individual situation.

If you are a busy professional or business owner, and you’re focused on your career, focused on your business, then you’re not going to have a lot of time. And so for, for someone in that. Role, it’s best to be a passive investor. You can be a passive investor in notes by investing in a note fund that’s managed and you don’t have to do any work.

The only time required of you is. The time you spend analyzing the fund before you get [00:16:00] involved, but after that it’s passive income coming into you. And that’s great. Now for someone else, let’s say someone else I speak with to say, Hey Fred, I’ve got a lot of time. I want to be active. In the note business.

Well, great that that’s different then the approach you’re going to have is build a portfolio You’re going to go out to the secondary market buy start buying notes Or creating notes out of your own deals one by one and then over time your portfolio grows, but that’s active where every day you’re You’re out there sourcing deals, finding notes to buy and working on those opportunities.

And there’s no right or wrong answer on this, Scott. It all comes down to each person’s individual situation. So that’s always where I start before anything else.

L. Scott Ferguson: Love that, man. I love that you broke it down into active and passive because again, there’s some people that were maybe like you, they really like, but they [00:17:00] like their tech job a ton.

And they’re making that little bit of chicken that they can invest into it. And they can just kind of sit back. And I love that. So is there, when you’re meeting with people and again, they’re kind of flying blind into a lot of it, because I know I’ve met with all, what do you mean by notes? Like you’re, you’re the bank and all this stuff.

Is there any that you wish? They would ask you but

Fred Moskowitz: never do. Yeah. ab absolutely. And here’s a question that comes up all the time is why do banks sell notes? Like, if a note is so good, why do they sell it a performing note? Why do they sell? Yeah. Why do someone sell an investor, sell a note. Is there something wrong with it?

Is it undesirable where they wanna offload it? Sure. And that’s a question that comes up a lot. Hmm. The reality is is that notes there, there’s a [00:18:00] second, there’s a huge secondary market where mortgage notes are bought and sold every single day. Big

L. Scott Ferguson: short. I’m just kidding.

Fred Moskowitz: Right. And there’s, and there’s nothing wrong with the notes.

The reason they’re sold. Is Typically because of liquidity you want to make room the lender needs to recapitalize Yes, and if you think about this here, let me give tell go through a little story Yeah, please i’m sure a lot of people can relate. Have you ever gone out and bought a property? With financing or, or refinance a property, you go to closing, you sign the loan documents, you do all the thing, walk out of there with a new loan, 30 year fixed rate and loan at a great rate, you’re excited, you’re happy, right?

You start making those monthly payments and then wouldn’t, wouldn’t, , after about three months, maybe three to [00:19:00] six months, you get that letter from the lender saying to your Mr. And Mrs. Homeowner, please be advised your loan is being sold.

L. Scott Ferguson: And you’re making your check to these people now. Yeah,

Fred Moskowitz: starting next month, please send your payment to the new lender.

Happens every day, dude! Yes! It is. And so that’s the secondary market at work. The lender sold that loan. And by the way, they sold it at a discount. Yeah. They sold that loan. Why? So that they can recapitalize. And then the very next day they can turn around and originate a new loan to someone else. That’s their business model.

Loan originators need to originate loans. They make their money on the application fees and the points and all that stuff. And they do it at a high volume with a low margin. That’s how they operate. And so this is why loans get sold. Those loans get bought. [00:20:00] On the secondary market, they get put in mortgage backed securities, or a Wall Street firm buys them to create a securitization, and then later on it’ll get sold again.

Loans pass through many hands over the years. But for us as investors, we’re able to go to the secondary market and bid on those loans also, and buy them at a discount. And so that’s, that’s what we do. That’s, that’s the mainstay of our business. So for node investors that are well positioned with good relationships and good positioning in the market, you’re able, we’re able to take advantage.

Of opportunities that come up to maybe negotiate a better discount make a good purchase, a good acquisition. And then when we have that, we generate great cashflow. That’s what node investing is all about. And

L. Scott Ferguson: yeah, that’s beautiful. But , again, [00:21:00] people like, I remember there was a company. I believe it was Bauer Capital.

They used to rank the banks, right? And this is a long time ago. And you’d get this magazine that was like this thick and be like, you go find the banks that were low ranking and we used to call them and ask for their non performing notes. Right? And be like, what do you got? What do you got? What do you got?

And I miss those days, Fred. I really do. A lot, man. As I moved into coaching, I do miss… That that moving and shaking. So how about a nightmare that you’ve went through when you’re like, oh shit, man I’m gonna have to like really tread water to get out of this situation. Did you almost or ever make like a Like something of course you’ve obviously recovered because you’re legendarily successful in the note world, but tell us about a nightmare sitch

Fred Moskowitz: Yeah, I’ll tell you about something that happened didn’t happen to me, but to a group of investors that, that I know and this is something really, really to be careful about[00:22:00] with node investing, they they went and made a very large note purchase and.

The seller, the seller was a little bit less than upstanding in their business practices. And unfortunately, they so the investors, they wired off their money to purchase the notes and they’re sitting there waiting to receive the loan files, the loan documents, everything that’s supposed to come and it didn’t come.

By the, the contract date, they started calling and calling to the seller saying, Hey, what’s going on? And the end result was the seller said, Hey we sold your notes to someone else. I said, but, but we funded it already. Well, that’s too bad. You can, you can sue us in

L. Scott Ferguson: court. Did they double dip it though?

You funded it and then somebody else

Fred Moskowitz: funded it too? [00:23:00] Yeah, exactly. It was double, double sold. And that’s the thing to really, it’s scary. It’s really scary because there’s no, there’s no consumer protections. These are business, commercial transactions. And so a lot of this, you have to rely on the relationship and the integrity of who you’re doing business with, right?

There’s a lot of sharks out

L. Scott Ferguson: there. Yeah.

Fred Moskowitz: And so you, you have to protect yourself. And as a node investor, it’s so important to do your due diligence on who you’re doing business with.

L. Scott Ferguson: Right. Yeah. No, thank you for pointing that out. It’s so important.

Fred Moskowitz: Yeah. Now this, even though this is a scary story in the end, they had to go to court.

They got their money back in the end, but it just took so long. It took so long and think about all the wasted mental energy and [00:24:00] stress and all that. You just, you can’t put a monetary value on that. Right. No, I appreciate it. Yeah. But when that happens, It just detracts. You can’t do other deals.

You’re not focused all of these negative things in your mind, your mindset. And so that’s horrible. Yeah. And so wow, it’s like avoid, avoid getting into bad transactions at all costs. And be very careful whether you’re doing a real estate deal or no deal, any business transaction. Know who you’re doing business with.

Do

L. Scott Ferguson: they have a good notes, man? Because again, there’s no Dodd Frank act. There’s no nothing that protects us with that stuff. A hundred percent. So Fred, as we move along a little bit, have you seen the movie back to the future? Yes. Yeah. We’re the same age. Of course. Let’s get in that DeLorean with Marty.

Like, let’s go back to the double dues, the 22 year old friend. Like, I don’t want you to change anything this time because your life is, [00:25:00] is been a rockstar life. But. Would you drop, what knowledge nuggets might you drop on him to maybe help him shorten a learning curve and blast through maybe just a little bit quicker?

Fred Moskowitz: Yeah.

Surround yourself with with people that are at a higher level than you and where they’re sitting at a place that you want to get to. Yes. Yes. Because when you do that. You’ll emulate them. Yeah. You can ask for help. Yes. You can learn from them. You can add value. Yes. And it, it matters so much the, the, the crowd

L. Scott Ferguson: with, I love, love, love you said that because I actually, one of my signature speeches that I give on stage is the plus equals minus like every day level plus equals like a plus is like.

, look for somebody that’s where you want to be and equals might be like when you and I meet in Boynton or West Palm and we, [00:26:00] we just, , chop it up and we share knowledge and then we send the elevator down the minus we send the elevator down to pull people up to us and I love that you said to surround yourself with people because you’ll start to emulate.

Their success and you’ll start just that law of attraction. I’m not saying foo foo woo woo. I’m just talking about being around them. This is not

Fred Moskowitz: foo foo. This is real stuff. Think about that. When you, the group you surround yourself with, right? You are going to start reading the same things they read.

You’re gonna start eating at the same place as they eat. You’re going to start going to the same of awesome events that they go to and meeting and connecting with amazing people. It’s, it’s all about the proximity and the people around you and the environment you’re putting yourself in. And this works in the negative way as well.

If there’s people bringing you down, then you’re going to get attracted to that. Right. [00:27:00]

L. Scott Ferguson: I love, love, love you say so with those eagles, man. That, that, that’s beautiful. So how does Fred want his dash? Remember that little line in between your incarnation date and your expiration date. Hopefully it’s way down the line.

You’d like the in depth date. On your tombstone, right? How does Fred

Fred Moskowitz: want us to ask your number? Fred impacted people in a very positive way. It’s easy. Yeah, I always seek to my, my goal is every interaction that I have with someone else. I hope to leave them better off than they were before we. That’s, that’s it.

It’s very small, very simple, but little by little you go around and it causes a ripple effect. It’s does bro. Yeah. Creates good in the world.

L. Scott Ferguson: Right. And the more you, the more you, the more you mentor, like the more immortal you become, it’s just like, like people, I see a lot of these kids nowadays, they tell, tell, tell there’s no [00:28:00] action.

Right. I believe that the more. action that you take, the more people will talk about you and get your word out and then and put you together. I absolutely love this. So Fred, what is your definition of a life well lived?

Having no

Fred Moskowitz: regrets. Having no

shoulds. When you look back. When you get an idea that you want to do something. Do it. Like, do it. Do it. , Scott, I have a, a running objective. A running Goal for myself is that every year I want to do something new learn something new Whether it’s business related or fun related, whatever it is.

Yeah, I I seek to to do that every year and And so it’s always fun at the beginning of each year coming up with okay. What’s the the new thing for what’s

L. Scott Ferguson: 2023? What was

Fred Moskowitz: 2023? [00:29:00] For, for me, it was taking up improv acting. I took a class, I took a class in improv acting to help me get better as a speaker.

Hell yeah, and what? It was so much fun. Yeah, dude. 100%. It was fun. Yeah, at local theater here They had they had classes and I signed up and it was was awesome. It was a wonderful experience Yeah,

L. Scott Ferguson: I I leveled up my stage So much from improv and there’s, there’s like nine improv schools in West Palm, dude.

So it’s like, if you come down here, you want to go to class at night sometime, maybe I’ll, I’ll see what the schedule is and go have some fun with it, man. That’s awesome.

Time to shine today. Podcast varsity squad. We are back and Fred, we’re going to meet up here in a few weeks, hopefully. And, , talk about some of these questions at length, but today you have five seconds with absolutely zero [00:30:00] explanations, but they can all be answered that way you write a level up.

Yeah, let’s do it. Let’s do it. All right, Fred. What is the best leveling up advice you’ve ever received?

Fred Moskowitz: The best leveling up advice I’ve ever received is to find someone else that’s sitting in the place that you want to be and ask them for help.

L. Scott Ferguson: Yes. Love it. Share one of your personal habits that contributes to your success.

Fred Moskowitz: One of my personal habits is daily exercise.

L. Scott Ferguson: Beautiful. So you see me kind of walking down the street or maybe at an event, you’re like, man, Fergie looks like he’s in his dole jumps a little bit. What book might you hand me to level me up? The book I

Fred Moskowitz: would hand you is Life on Your Terms by Rex Sykes. Yeah.

It’s a mindset book. It’s

L. Scott Ferguson: powerful. Right. I love it. I’m a peak performance mindset coach and I’ve delved into that. I have it in tatters over on my bookshelf over here. I love it. Your most commonly used emoji when you

Fred Moskowitz: text?[00:31:00]

The exclamation point, the red one. Nicknames growing up,

Fred,

L. Scott Ferguson: beautiful. What is your, do you have like a hidden talent or superpower that really nobody knows about until now?

Fred Moskowitz: Speak three languages.

L. Scott Ferguson: Nice. That’s beautiful, man. Headline

Fred Moskowitz: for your life.

Headline for my life. Fred made a difference.

L. Scott Ferguson: Beautiful. Go to ice cream flavor. Man. I’m just going to give you, I’m going to give you, there’s a sandwich called the Freddy Mosky. What, build that sandwich for me. What’s on it?

Fred Moskowitz: What’s on that sandwich? Smoked turkey. All right. Bacon. Ooh, man. Lettuce, tomato. Yeah. [00:32:00] Avocado and red pepper flakes to give it a little bit of a little bit of a kick.

L. Scott Ferguson: Nice. We got some sandwich shops. We’ll hit up down here, buddy. So favorite charity and organization like to give your time or money to.

Fred Moskowitz: My favorite is a charity called Share the Love.

What is that? I’ll break the rule. What is it? They they raise money to gift wheelchairs to people that would not be able to afford having a wheelchair that need one. Right. And it gives them the gift of mobility. Instead of having to be carried around by their family members. It’s something we take for granted.

Yeah, 100%. Having our mobility, and if you’ve ever been hurt or injured or, , you have to stay in bed for a few days, you really gain an [00:33:00] appreciation for, for just being able to get around and do basic things. Some people have lost that.

L. Scott Ferguson: Thank you for doing that. And last question, what is the best decade of music?

60s, 70s, 80s, or 90s?

80s. I say you better say 80s. Do you graduate 91 high school?

Fred Moskowitz: 89

L. Scott Ferguson: or 89. So you’re a smarty pants then, huh? And I’m thinking if you’re younger than me, I was 90 and I was okay. Very cool, brother. So tell me how, how can people

Fred Moskowitz: find you, Fred? Yeah, thank you. Thank you scott. Best way to find me is to connect on my website Which is fred moskowitz.

com Spell that for him fred. Well I won’t spell that but i’ll say this if you prefer an easier spelling You can instead go to gift from fred. com And I will take you right to my website and once you’re there you’re able to [00:34:00] request A free copy of my special report on node investing that I’m happy to send out.

And also I invite everyone to register for my email newsletter that I have talking about all things investing and cashflow and mindset.

L. Scott Ferguson: Love it. I love it. And in squad, all of that will be in the show notes as well. And Fred, tell us a little bit about the book. It looks like it popped out in December, 2020.

And, and this, if I was still doing it. I would have been looking for it. Cause if you just put in no investing books, just go ahead, squad, go out there and do it. Fred’s the first one that pops up on the left. Just did it myself. I can show you on the screen if people want to see it, but it’s gotta be chocked full of awesome stuff.

I cannot wait to read. I’m going to read it. Cause one, it’s going to send me back in two. It’s going to allow me to refer people to you for, for stuff. So, but like, tell us a little bit about the book, my friend.

Fred Moskowitz: Yeah, thank you. The Little Green [00:35:00] Book of Node Investing, it’s available on Amazon. And what I’ve set out to do with, with this book is to provide a high level overview about node investing, what it is, how does someone get involved, what are the different ways to, to get involved.

We also have case studies all throughout the book, where we break down live deals and how they work. And one of my favorite topics, which is how to do note investing using retirement account funds. Maybe you have an old 401k for a prior employer or an IRA. You have that money. You want to put that to work for you.

You can do that with note investing. And I talk about a lot of strategies for that, where you can invest with that retirement account capital and. Do note investing and all of your profits are in a tax [00:36:00] preferred environment, or if you have a Roth IRA, it’s tax free, which is super powerful. And that really ramps up your growth when you do that.

And so I cover all these different strategies in the book and a lot of great stories and case studies as well.

L. Scott Ferguson: I love it, man. It’s what I’m going to do a three book giveaway that, actually just, yeah, I don’t care if it’s Pinterest, Instagram, LinkedIn, or if you text it to 5 6 1 4 4 0 3 8 3 0, just putting gift from Fred, put it, put that in there.

’cause that that gift from fred.com is, is is a gift that Fred’s given you. But I’ll know that you’ve listened this far. If you put gift from Fred and I will. Send out on time to shine today’s dime. Fred’s book, the little green book of note investing in Fred, if you could, please do me one last solid and leave us with one last knowledge nugget.

We can take with us internalize and take action

Fred Moskowitz: from. Yeah, absolutely. So since I’m a Philly guy, I’d love to take a look [00:37:00] at one of our founding fathers of this country and share some of his wisdom. This is from Benjamin Franklin. He taught me this very important lesson that he left all of us, and that is this.

An investment in knowledge always pays the highest dividends. And so this is a reminder, invest in yourself, no matter what you do, your, your education, your growth I encourage people, if you have a personal budget for yourself, is there a line item for your education on there every year? How much money are you going to spend?

Yeah, I love it. And do that because. The knowledge that you acquire and grow, no one can ever take that away from you. You won’t lose it. It can’t be taken away. And these are life skills that will always carry you forward and generate returns for you. I

L. Scott Ferguson: love it. And thank you so much friend [00:38:00] squad. We just got our like a free masterclass and that’s just, , note investing in cashflow, but in life from a good friend, Fred Moskowitz, who, , is a computer engineer and , a techie guy got flipped upside down with a bubble and then the In 9 11 he was he found out really he was way way dependent on that paycheck for his job So in he really got into controlling the controllables what he can control He went after and he sought out other sources of income That I that was isolated from the work money that he was making and again that kind of goes back to I’ve did speeches on it work your day job, but mind your own business.

Okay Because, , success to me is living a life of options and not obligations. Okay, and that, that, that’s what Fred can really help you do. , and he can also said that owning loans and cash flow, you’re able to scale it. And if you want like a warm introduction to fred, please let me know I can make it happen fred Really really really feel strongly about education and they keep expanding especially about stuff You’re passionate about so you can really take that to level up [00:39:00] He realizes that each person is unique and so you could either be a passive investor Or an active investor either way you can still make some serious cash flow He wants you to surround yourself with people that are higher level than you and if you’re Not sure how to do that Then just do it scared get out there and surround yourself with people and if you don’t know something Like my good friend leah woodford would say get your asking gear get out there and ask for people fred will be Remembered as somebody who really impacted people in a very positive way.

I mean, this dude’s out there planting trees. He’s never going to sit in the shade of, and one thing I’ve noticed is he does it for the intention, not the attention. He’s not like all eyes on me. Look at me, look what I’m doing. He’s doing it because he wants the world to get better. He wants to live with no regrets, no shoulds, coulds, woulds.

He took the chance and he take action. And that’s what, , he wants you to do every year. Learn, look to learn something new. Okay. I mean, I’m three language or two languages behind Fred, but this [00:40:00] year I got into duolingo. I haven’t missed a day this year with Spanish. And I’m really, really getting after that.

Don’t forget about our free book giveaway. Make sure you go to www. giftfromfred. com. And lastly. For your free gift, by the way. And lastly, just like one of our founding fathers, one of my heroes, who’s at my mastermind round table, Benjamin Franklin said, an investment knowledge always pains the highest dividends.

And I just got knowledge nuggets up the woohoo for my good friend, Fred here, who levels up his health. He levels up as well. He’s hungry yet. He’s humble. He’s a handsome devil. And thank you so much for coming down, brother. I cannot wait to collaborate with you in the future.

Fred Moskowitz: Thank you, Scott. Looking forward to it.

You bet brother.

L. Scott Ferguson: Chat soon.

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