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by Rich Somers
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing.
Latest Episodes
The most recent episodes — sign up to get AI-powered summaries of each one.
- Yesterday41 min
How He Went From $1M In Debt To Making Over $5M/Yr | Jacob Lawson E557
Jacob Lawson invested $500,000 into a restaurant just before COVID, found himself facing nearly $1 million in debt, and was forced to rethink everything about the way he approached business. Today, his business generates roughly $5 million a year. In this episode, Jacob breaks down the decisions that helped him turn things around, why trying to operate multiple businesses nearly broke him, and the lesson that changed his trajectory: keep the main thing the main thing. We also dive into Jacob’...
- 3 days ago38 min
How He Makes Over $200k/mo Selling Life Insurance | Dylan Crane E556
Dylan Crane went from making $6,500 a month as a professional basketball player to building a life insurance business doing as much as $200,000 a month. In this episode, Dylan breaks down how the life insurance business actually works, how agents get paid, the difference between term and whole life insurance, and how he approaches infinite banking and using cash-value life insurance as a financial tool. We also dive into what it takes to build a six-figure-a-month insurance business, the sal...
- 1 weeks ago40 min
How Much It Actually Costs To Own A Private Jet | Travis Lamance E554
How much money do you actually need to own a private jet? Travis Lamance manages 24 private jets and helps clients buy, sell and operate aircraft. In this episode, he breaks down what first-time jet buyers spend, how to choose the right aircraft, what different jets cost to operate, and why private aviation may be more attainable for successful business owners than most people assume. We cover everything from Citation, Hawker, Gulfstream, HondaJet and Cirrus aircraft to chartering your jet to...
- 1 weeks ago42 min
The Ultimate Guide To Managing Employee Benefits Costs | Caleb Herndon E555
Employee healthcare benefits can become one of the largest expenses inside a growing business—but most owners don't fully understand what's driving those costs or what options they have to control them. Caleb Herndon breaks down why healthcare and insurance costs continue to rise, the role of pharmaceutical spending, insurance carriers and an aging population, and how employers can rethink the way they structure their benefit plans. We also dive into self-funded and level-funded health plans,...
- 1 weeks ago50 min
How Biz Owners Write Off Luxury Cars, Houses & Private Planes | Adam Williams E553
Most business owners think tax strategy means finding a few extra deductions at the end of the year. Adam Williams explains why the real opportunity is understanding how to structure your business, investments, assets and lifestyle around the tax code so you can legally keep more of the money you're already making. In this episode, we break down S Corps, Section 179, vehicle and aircraft depreciation, the Augusta Rule, hiring your kids, Roth IRAs, Real Estate Professional Status, the short-te...
- 1 weeks ago1h 33m
He's Met 10 Billionaires... Here's What They All Do To Be Successful | Albert Preciado E552
In this episode Rich sits down with Albert Preciado to talk about the biggest lessons Albert has learned from spending time around billionaires, entrepreneurs, and highly successful people. They break down why wealthy people treat time differently, make decisions quickly, protect their environment, invest in relationships, and continue putting in extreme amounts of work even after reaching levels of success most people would consider “making it.” Albert also opens up about his marriage, separ...
- 2 weeks ago44 min
Doctor Explains: What Peptides, TRT & GLP-1s Actually Do to Your Body | Dr. Todd Stearns E551
In this episode Rich sits down with Dr. Todd Stearns to break down the rapidly changing world of longevity, hormone optimization, peptides, and metabolic health. They discuss why traditional bloodwork may not tell the whole story, the additional biomarkers Dr. Todd looks at, and Rich’s personal experience optimizing his testosterone. Dr. Todd also explains how hormones can affect energy, sleep, stress, cognitive performance, and overall health as people age. They also dive into peptides, GLP-...
- 2 weeks ago35 min
7 Unique Ways to Get More Customers for Any Local Business | Daniel Hernandez E550
In this episode Rich sits down with Daniel Hernandez who explains why “boring” home-service businesses can become highly profitable, durable companies that AI cannot replace. Drawing from his experience building Falcon Ridge Roofing, Daniel breaks down why roofing and other trades remain evergreen, how healthy roofing companies can produce 25–35% net margins, and what helps a home-service business command a four-to-eight-times valuation. They also discuss how to recruit and retain great sales...
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About The Rich Somers Report
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing.
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