Earn Your Leisure

By: EYL Network
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  • Summary

  • Welcome to The Earn Your Leisure Podcast. Rashad Bilal and Troy Millings will be your host. Earn Your Leisure will be giving you behind the scenes financial views into the entertainment and sports industries as well as highlighting back stories of entrepreneurs. We will also be breaking down business models and examining the latest trends in finance. Earn Your Leisure is a college business class mixed with pop culture. We blend the two together for a unique and exciting look into the world of business. Let’s go!! #earnyourleisurepodcast
    2022 EYL Network
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Career Success Leadership Economics Personal Finance Politics & Government
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Episodes
  • Jumbo Mortgages & DSCR Loans, Multi-Million Dollar Mortgages EXPLAINED

    Jumbo Mortgages & DSCR Loans, Multi-Million Dollar Mortgages EXPLAINED
    Oct 9 2024
    Welcome to another insightful clip of EYL Medium! In this clip, hosts Rashad Bilal and Troy Millings bring on mortgage expert Matt Garland to break down everything you need to know about jumbo mortgages and DSCR loans.Have you ever wondered what a jumbo mortgage is and how it differs from conventional loans? Matt Garland dives deep into the specifics, explaining that jumbo mortgages are loans that exceed the limits set by Fannie Mae and Freddie Mac. If you're dreaming of owning a mega-mansion, a jumbo mortgage might be your ticket. However, these loans come with stricter qualification criteria, including a lower debt-to-income ratio and full documentation, such as W-2s, pay stubs, bank statements, and tax returns.Matt also delves into options available for self-employed individuals who might not have traditional income documentation. He highlights popular choices like bank statement loans, where lenders assess income based on business bank deposits over a 12-month period. These loans come with higher interest rates but can be a viable solution for entrepreneurs looking to invest in their dream homes while minimizing tax liabilities.We also explore the world of DSCR (Debt Service Coverage Ratio) loans, which are crucial for real estate investors. Unlike traditional loans focusing on personal income, DSCR loans evaluate the potential of the investment property to generate sufficient income to cover the debt. Matt walks us through the essential metrics and calculations needed to secure these loans for both residential and commercial properties.Key takeaways from this episode include:1. *Jumbo Mortgages:* Jumbo loans are for amounts exceeding the limits set by Fannie Mae and Freddie Mac.Stricter qualification criteria including a low debt-to-income ratio and full documentation.Options exist for self-employed individuals through bank statement loans.Understanding the trade-offs between higher interest rates and tax savings.2. *DSCR Loans:*DSCR loans focus on the property's income potential rather than personal income.Key calculations include operating costs, property expenses, and cash flow metrics.Easier approval process compared to first-home mortgages, with a minimum down payment of 20% if it meets the 1.2 DSCR requirement.Whether you're looking to invest in luxury real estate or searching for financing solutions tailored for investors, this episode has something for you. Matt provides valuable insights and strategies to navigate the complexities of jumbo and DSCR loans effectively.Don't miss out on this comprehensive guide to mastering jumbo mortgages and DSCR loans. Watch now and equip yourself with the knowledge to make informed investment decisions!*Timestamps:*00:00 - Introduction: Jumbo Mortgages00:20 - What are Jumbo Mortgages?01:50 - Full Documentation Loans03:00 - Bank Statement Loans05:15 - DSCR Loans Explained06:30 - Key Metrics for DSCR Loans08:50 - DSCR vs. Hard Money Loans13:30 - Tips for Real Estate Investors*Hashtags:*#EYL #JumboMortgage #DSCRLoan #RealEstateInvesting #FinancialLiteracy #LuxuryHomes #MortgageTips #SelfEmployed #Investing #PropertyInvestment---Get ready to unlock the doors to your real estate dreams with expert advice from EYL. Don't forget to like, subscribe, and hit the notification bell for more content that empowers you to achieve financial success!Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
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    14 mins
  • Different Types of Home Loans, House Hacking Explained, & Buying Real Estate for Couples

    Different Types of Home Loans, House Hacking Explained, & Buying Real Estate for Couples
    Oct 6 2024

    In this clip, we break down the various types of home loans available to homebuyers and explain the concept of “home hacking” to maximize your real estate investment. Whether you’re a couple looking to purchase your first property or planning for long-term financial growth, this video covers essential informat

    ion to help you make smart decisions in the real estate market.



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    19 mins
  • EYL #309 Artificial Intelligence Explained: How to Make Money with AI & Use It to Improve Your Life ft X Eyeé

    EYL #309 Artificial Intelligence Explained: How to Make Money with AI & Use It to Improve Your Life ft X Eyeé
    Oct 4 2024

    Join us for a special YouTube Live episode of Earn Your Leisure featuring AI expert X Eyeé. We’ll dive deep into the world of Artificial Intelligence and explore how it can revolutionize both your personal life and business operations.


    X Eyeé has been working with AI for years, helping major companies harness its potential, and now he’s here to break it all down for you.


    In this session, we’ll discuss X Eyeé’s extensive experience with AI and his background in the field, offering a simple, straightforward explanation of how AI works.


    We’ll also explore practical ways viewers can integrate AI into their businesses, focusing on specific tools and frameworks that make it easier to navigate the world of AI.


    Additionally, we’ll address the fears and concerns surrounding AI in our communities, including how we can ensure AI works for us, not against us.


    Don’t miss this opportunity to get expert insights on how to use AI to stay ahead in both personal and business endeavors.


    ---


    #EarnYourLeisure #AI #ArtificialIntelligence #BusinessGrowth #Technology #AIBusiness #AIEducation #XEyeé #TechTalk #AIFramework #YouTubeLive #Entrepreneurship #FutureOfWork #AIForBusiness



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    1 hr and 48 mins

Featured Article: The Best Podcasts by Black Creators to Listen to in 2023


Whether focused on literature, family, mental health, history, or the arts, these listens represent just a few of the best podcasts created and hosted by Black writers, thinkers, journalists, comedians, and trailblazers. Led by some of the most powerful voices in media, these can’t-miss listens demonstrate just how outstanding Black voices capture the particular challenges and extraordinary accomplishments of African Americans.

Featured Article The Best Podcasts by Black Creators to Listen to in 2023

What listeners say about Earn Your Leisure

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Wealth and knowledge is the main focus

I’m am 24 years old I can say that this podcast has changed my life and way of thinking. They highlight all of the factors into obtaining financial freedom and being your own boss. It’s very transparent and they are all teaching you things for your best interest. Shoutout EYL and EYL University

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Free Game !!!

Absolutely, Great commentary for the latest in financial news. Awesome insights. Overall Phenomenal Media Network.

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informative

informative and one of a kind. I've heard of a few of these previously but glad I could some more insight from one of the best podcast out.

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Amazingly helpful information but...

Valuable and needed information but there are a lot of commercials so hard to follow.

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Greatest show out!!

I love what these brothers are doing!! Met them in person and they are just as authentic in REAL LIFE! Keep up the great work my brothers and continue to enlighten, teach and push the culture forward.

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beneficial messages

love each message, feeds my mind, prepares me for my educational, financial, and entrepreneurial goals

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loved it!

this episode was straight gems. the information I gained has me reevaluating my business plan

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Providing Financial Knowledge for Free

This is one of the best Podcasts I’ve ever come across. I’ve made so much money and learn very many things from this podcasts. Covering a wide rage of financial literacy topics, this podcast aims to educate and keep you informed weekly. From credit, the stock market, from interviews with Mark Cuban, this Podcast aims to achieve even more greatness. Great listening material.

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Understanding Marketing

Erica M Pittman… very intelligent, knowledgeable - brilliant and inspiring. Learn a lot about modern or social media marketing!

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