The REAL Wealth Formula Podcast

This episode dives deep into what REAL wealth looks like for young entrepreneurs, side-hustlers, and content creators who want financial freedom — not just income.
Brad sits down with Ishaq, a 21-year-old hustler who flips clothes, sells designer streetwear, models, creates fitness content, and wants to inspire young men to build discipline, mindset, and purpose.
For the first time, Ishaq gets a full Real Wealth Rating, breaking down his:
• Monthly expenses• Side hustles• Income streams• Mindset• Investments• Future vision• Money habits
Brad reveals what Ishaq is doing right… and what’s holding him back from becoming truly wealthy.
If you’re in your teens or 20s — or you’ve ever felt overwhelmed by all the “hustle” content online — this episode shows you how to simplify your plans, focus on what matters, and start building real, lasting financial freedom.
If you’ve ever felt behind, inconsistent, or unclear about where your money is going—this episode will give you clarity, hope, and a path forward.
 
💡 Key Takeaways
Why many young hustlers stay broke despite working hard
How to use your 20s to build financial momentum
The difference between income and wealth
Why reducing expenses is your first superpower
How to choose the right hustle to scale
Why passive income must start early — even with small amounts
How faith and family shape your financial habits
Why reading The Intelligent Investor can change your life
How to create a plan that builds freedom, not stress
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction03:05 – How His Modeling Career Actually Works05:20 – Side Hustles: Flipping Clothes, Furniture & Even Puppies09:00 – Content Creation, Posting Consistently & Fitness Coaching13:00 – His Budget: Food, Gas, Clothes & Real Expenses17:44 – Travel, Lifestyle & Where His Money Really Goes21:00 – Why He Has No Debt & Lives With His Parents23:00 – His Purpose: Inspiring Young Men Through Fitness & Mindset26:00 – How His Family Shaped His Hustle Mentality33:00 – Does He Invest? Stocks, Crypto & Courses34:50 – Brad Introduces Real Estate Wholesaling35:05 – Why Flipping Houses Makes More Than Flipping Clothes37:00 – Understanding Passive Income for the First Time38:32 – What Real Financial Freedom Looks Like42:11 – The Success Plan for His 20s46:10 – Saving With Gold & Silver Instead of Cash47:38 – Final Real Wealth Score48:30 – Encouragement for Young Hustlers & Closing
 

How does a pro athlete go from surviving on $11,000 a year in the minor leagues to building enough passive income to retire early, all without debt, hype, or get-rich-quick schemes?
In this powerful conversation, Brad Hovis sits down with former Chicago Cubs player David Bote to break down real passive income: how it works, why it works, and how everyday people—not just celebrities or athletes—can build wealth that lasts.David shares: -how he survived years in the minor leagues -how faith and discipline shaped his financial decisions -why he avoided debt completely -how he bought quality rental properties in cash -and how he created passive income that now exceeds his living expenses This episode is funny, raw, and deeply practical. If you're serious about creating real, sustainable wealth—not hype or speculation—this is your roadmap.
 
💡 Key Takeaways
The difference between being “rich” and truly wealthy
Why passive income is a long-term game, not a quick flip
How pro athletes lose fortunes faster than they earn them
Why buying quality rentals in B and C neighborhoods works
How avoiding personal debt protected David from disaster
Why slow, steady cash flow beats risky leverage
The faith principles that guided his financial decisions
How anyone can start building passive income—even without millions
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – What Passive Real Estate Investing Really Looks Like01:15 – How Brad & David Started Working Together02:02 – Why Passive Investing Made Sense for an MLB Player03:09 – Transforming Properties & Choosing B/C Neighborhoods05:12 – Why Quality Homes Reduce Turnover06:45 – What Pro Athletes Think About Investing09:23 – Why David Buys in Cash & Avoids Leverage14:07 – Slow, Steady Wealth Beats Fast Money14:53 – From $11K a Year to Financial Stability16:38 – God’s Provision Through Hard Seasons17:44 – Life in the Minors: Basements, Poverty & Grit21:45 – Getting Called Up, Then Sent Back Down24:47 – MLB Moments: First At-Bat & Breakthroughs28:33 – The Walk-Off Grand Slam Story33:36 – MLB vs Minor Leagues: Real Differences38:32 – Injuries, Travel & The Toll of the Game45:53 – COVID Season & Career Pressure52:56 – The Viral Grand Slam & Aftermath55:16 – How Faith Shaped His Identity & Career1:20:00 – Walking Away From Baseball1:21:48 – How He Built Financial Freedom Through Real Estate1:25:40 – Life After MLB1:27:02 – Final Encouragement & Closing Thoughts
 

Are you trying to build passive income but feel stuck, confused, or overwhelmed by all the “gurus” telling you 100 different strategies?
In this episode, Brad breaks down exactly how real people can build real wealth—not by gambling on stocks, chasing hype, or signing risky loans, but by using simple, practical steps that actually work in the real world.
He reveals the four types of passive income, the four types of real estate investing, and the #1 mistake that keeps people broke: personally guaranteed debt.
Plus, Brad shares the wild story of how he used $60,000 to acquire 38 houses—and turned that into 16 free-and-clear rentals producing consistent monthly cash flow.
If you want financial freedom, purpose-driven wealth, and a life where your passive income is bigger than your expenses, this episode is your roadmap.
 
💡 Key Takeaways
Why dividend stocks, royalties, and small-business equity aren’t as “passive” as people think
The real meaning of margin of safety (and why Warren Buffett’s advice still applies today)
The big difference between being rich and being wealthy
Why traditional bank financing is the worst path for most people
How non–personal guaranteed loans protect your wealth
The simple method Brad uses today: buying houses free and clear
How one creative deal turned $60K into a lifetime of cash flow
Why your personality, income, and gifts matter in choosing the right wealth path
The faith-driven principle that protects you from losing your “bed” (literally)
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction01:51 – Today’s Question: How to Acquire Passive Income02:22 – Non-Real Estate Passive Income Options02:42 – Dividend Investing Explained Simply03:33 – Why Stock Market “Experts” Overcomplicate Everything04:16 – Real Passive Income vs Speculation07:13 – Business Equity & Distributions09:05 – Private Lending and Why Collateral Matters11:47 – Why Most People Understand Real Estate Best12:03 – The 4 Types of Real Estate Cash Flow14:20 – Margin of Safety: Warren Buffett’s Rule Applied to Real Estate15:42 – Why Traditional Banks Limit Your Growth17:06 – The Problems with Commercial Loans & Adjustable Rates18:25 – Subject-To Financing (Explained Simply)19:57 – Owner Finance & Private Finance21:09 – What Dave Ramsey Gets Right—and Wrong—About Debt23:37 – Buying Houses Free & Clear (Brad’s Preferred Method)24:07 – The Markets Where You CAN Still Do This25:29 – The Power of Partnerships & REEPs26:11 – Brad’s $60K → 38 Houses Deal Explained31:33 – How to Think Creatively About Passive Income32:03 – Final Thoughts
 

If you feel like you make “okay money” but still can’t get ahead, this episode will hit home.
Brad walks Ken through a full Real Wealth Review by breaking down spending, behavior patterns, debt decisions, and practical steps to finally build real financial freedom.
This conversation proves one thing:Personal finance is NOT a math problem.It’s a behavior problem.
Inside the episode:• Why tracking your monthly spending is the real unlock• How to stop financing depreciating assets• When a newer car is actually hurting your wealth• The power of a spending plan (not a budget)• Why your active income alone won’t save you• How to start building passive income the right way• The faith-based principles that create lasting financial peace• And how one tough IRS situation turned into a comeback story
If you’ve ever felt behind, inconsistent, or unclear about where your money is going—this episode will give you clarity, hope, and a path forward.
 
💡 Key Takeaways
Wealth is built through behavior, not income
A spending plan brings peace, direction, and control
Eliminate liabilities before chasing passive income
Don’t finance depreciating assets (especially cars)
Create an LLC to lower taxes and keep finances clean
Your monthly expenses are the real target—not your salary
Financial freedom is possible at ANY age
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction01:30 – Your Biggest Financial Problem Isn’t Math03:30 – The REAL Formula for Wealth (R.E.A.L.L. Explained)06:45 – How to Clarify Your Legacy & Wealth Plan10:30 – Where Most People Waste Money13:45 – The Spending Plan vs. “Budget” Trap15:40 – Debts, Loans & Why Fancy Cars Are Liabilities19:05 – The Power of Paying Yourself First23:10 – How to Turn Freelance Work Into Passive Income27:05 – Taxes, S Corps, and Small Business Hacks30:15 – Escaping the Paycheck-to-Paycheck Trap34:20 – How to Build an Editing Business (And Still Have a Life)38:15 – The 5 Steps to Real Wealth42:10 – The True Freedom Formula (Work Because You Want To)46:00 – Faith, Calling & Your Purpose Beyond Just Money49:55 – Legacy, Giving, and Building a Wealth Plan for Life54:12 – Final Wealth Rating & Action Plan
 

Are you holding out for the perfect real estate deal?
In this episode, Brad Hovis and guest Kal Murib shatter the myth of waiting for “discount” properties. Learn why the most successful investors buy right away, negotiate creative terms, and hold for wealth that compounds over decades. Discover the power of location, long-term thinking, and why building relationships matters more than chasing bargains.
You’ll hear how Cal went from $700 rent to $9,400/month in passive income, the secrets behind owner financing, and the mindset shift every mogul needs.
If you’re ready to break free from financial stress and build lasting wealth through purpose and faith, this episode is for you.
 
💡 Key Takeaways
Why waiting for the perfect “discount” could keep you broke.​
The true value of buying real estate for the long term.​
How to use creative financing and owner-carry terms for big wins.​
Why location and relationships matter more than price tags.​
How passive income grows when you hold, not sell.​
Lessons from immigrant grit and faith-driven hustle.​
How to transition from active to passive wealth, one deal at a time.​
Real estate wisdom for building both freedom and legacy.
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction02:15 – Kal’s Journey: From $300 in His Pocket to Real Estate Mogul05:30 – Why “Just Buy It” Beats Chasing Discounts09:20 – From $700 Rent to Owning the Building12:00 – The Power of Location and Networks15:30 – Buy and Hold: Why Long-Term Always Wins19:00 – Owner Financing and Creative Terms Explained22:10 – How to Handle Vacancies, Leases, and Tenants25:25 – Building Passive Income the Right Way28:15 – Lessons from Losses, Mistakes, and Faith31:00 – Relationships, Generosity, and Legacy33:45 – Get in the Game & Never Sell34:50 – Final Words
 

What if you could double your income without quitting your job?
In this episode of The Real Wealth Formula, Brad Hovis reveals the real steps to enlarge your active income, whether you’re stuck in a 9-to-5, feeling uninspired, or just ready for more. Discover how to become irreplaceable at work, get the raise you deserve, and turn your job into a wealth-building springboard. Brad shares his own $1,000 side hustle story, practical scripts for raise conversations, and the faith-driven mindset that turns effort into legacy.
 
💡 Key Takeaways
Why “quiet quitting” keeps you stuck financially.​
How to become irreplaceable and get paid what you’re worth.​
When switching jobs is the best move (and how to do it right).​
How side hustles set you free—plus Brad’s $1,000 first deal story.​
The truth about passive income, faith, and legacy building.​
Practical scripts for raise conversations and career moves.​
How faith, purpose, and daily habits drive financial freedom.​
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction: What Is Active Income?02:10 – Why Most People Stay Broke05:20 – How to Become Irreplaceable at Work08:45 – The Raise Conversation: Scripts That Work12:30 – When to Switch Jobs (And How to Do It Right)15:40 – Side Hustles: The Faith-Driven Path to Freedom19:10 – Brad’s $1,000 First Deal Story23:00 – Real Estate: The Best Side Hustle for Passive Income26:30 – Mistakes That Almost Cost Everything29:15 – Steps to Build Passive Income31:40 – Purpose, Legacy, and Living on Passive Income33:50 – Final Thoughts & Closing
 

Most people think getting rich means earning more — but that’s only half the story.
In this episode of The Real Wealth Formula, Brad Hovis sits down with his brother, a comedian and pastor Jake Hovis to unpack the real path to financial freedom: living below your means, cutting unnecessary expenses (even dog grooming!), and redirecting your money toward passive income that pays you back.
From paying off a 2.99% mortgage early to replacing a “day job” with comedy gigs, this conversation is funny, honest, and packed with lessons on stewardship, faith, and purpose-driven wealth.
 
💡 Key Takeaways
True wealth isn’t just about income, it’s about replacing your active income with passive income.
You can live debt-free, save, and still enjoy life (yes, even with expensive dogs).
Faith-based stewardship brings clarity to financial decisions.
Paying off debt early is good but investing for cash flow is even better.
Building wealth is about purpose, not just numbers.
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 Introduction00:12 Comedy Festivals and Shows00:48 Brotherly Banter01:15 Day Job vs Comedy Career03:00 Family and Pets05:24 Financial Overview08:25 Expenses Breakdown20:54 Tax Strategies and Business Expenses26:09 Exploring Passive Income Strategies26:32 Evaluating Savings and Cash Flow27:09 Comedy as a Source of Income27:58 Budgeting for Home Improvements29:10 Prioritizing Passive Income35:28 Legacy and Charitable Giving37:53 Creative Motivation and Purpose47:38 Final Wealth Review and Success Plan
 

Are you tired of losing money on sports bets? 
In this episode of The Real Wealth Formula, we sit down with Garrett Gibson, a contributor to the Denver Sports Betting podcast, to uncover the truth about responsible sports betting. Garrett shares his journey from recreational betting to treating it like a business, revealing the strategies, discipline, and mindset that helped him grow his bankroll and avoid common pitfalls.
Whether you’re betting for entertainment or looking to make it a side hustle, this episode will help you understand the difference between gambling and investing, how to set a responsible budget, and why discipline is key to long-term success. Garrett also shares practical tips on tracking your bets, managing your bankroll, and avoiding the emotional traps that can derail your finances.
If you’re ready to break free from financial stress and build real wealth through faith, action, and smart habits, this episode is for you.
 
💡 Key Takeaways
How to distinguish between sports betting for entertainment versus treating it as a disciplined side hustle or investment.​
The importance of setting a responsible bankroll and never betting money you can’t afford to lose.​
Why tracking every bet, using a unit-based system, and shopping for the best odds are essential for long-term success.​
How to avoid common pitfalls like chasing losses, betting under the influence, or making emotional decisions.​
Practical strategies for finding value bets, leveraging sign-up bonuses, and using market discrepancies to your advantage.​
The difference between expected value (EV) and gut-based betting, and why a data-driven approach is key to profitability.​
Why most people lose at sports betting, and how to approach it with discipline, patience, and a long-term mindset.​
Resources and habits that help you stay informed and avoid scams or misleading advice in the sports betting world.
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 - Introduction:02:15 - Two Ways to Approach Sports Betting: Entertainment vs. Investment05:30 - The Importance of a Responsible Bankroll08:45 - How to Track Your Bets and Use a Unit-Based System12:10 - Avoiding Common Pitfalls: Chasing Losses and Emotional Betting15:20 - Finding Value Bets and Leveraging Sign-Up Bonuses18:35 - The Role of Expected Value (EV) in Betting21:50 - Why Most People Lose at Sports Betting24:10 - Resources and Habits for Smart Betting27:00 - The Closing Line Value Strategy30:15 - How to Shop for the Best Odds33:40 - Middling and Arbitrage Explained37:20 - The Importance of Discipline and Emotion Control40:10 - Garrett’s Personal Journey and Biggest Lessons43:00 - How to Approach Betting as a Side Hustle46:30 - Final Thoughts
 

How do you break free from financial stress when your expenses never seem to line up with your income?In this episode of The Real Wealth Formula Podcast, Brad Hovis dives deep into his personal approach for reducing expenses, escaping the debt trap, and building real wealth—no matter how inconsistent your paycheck is.
You’ll learn why tracking is more powerful than “budgeting,” how to rethink credit cards and debt, and the mindset shift that can turn everyday struggles into lasting financial freedom. 
 
💡 Key Takeaways
Why wealth isn’t about having more—it’s about spending less and living on purpose
How to make a spending plan you actually enjoy following
The real impact of stopping debt and credit cards
How faith and stewardship provide hope and strategy
Stories of everyday breakthroughs on the path to financial freedom
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction02:00 – Why Most People Don’t Track Expenses04:10 – Step 1: Get Honest With Your Spending06:30 – How to Categorize Without Overwhelm09:00 – Intentionality & The Power of a Spending Plan12:15 – The Truth About Credit Card Points14:10 – The Debt Trap (Assets vs. Liabilities)17:00 – Why Paying Off Debt Beats Investing19:20 – Faith, Freedom & Money (Proverbs Lesson)21:15 – Personal Stories: Cooking to Save Money24:00 – Setting Your Freedom Target26:45 – Final Thoughts
 

How do you build wealth when your income changes every month?
In this episode of The Real Wealth Formula Podcast, Brad Hovis sits down with Kyle — a 33-year-old actor, voice talent, and coach who earns around $2,000 a month, has no debt, over $100K invested, yet still doesn’t feel financially free.
 
💡 Key Takeaways
Why wealth isn’t about how much you make — it’s how much you need
How Kyle became debt-free with over $100K invested on a $2K/month income
The formula to reach financial freedom even with inconsistent paychecks
Why passive income brings stability when your income doesn’t
How to grow wealth without sacrificing calling, creativity, or faith
🔗 Resources and Links Mentioned
REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsors
🤝 Connect With Us
Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com
📱 Social Media Channels
Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula
 
⏳ Chapters
00:00 – Introduction02:10 – Actor, Coach & $2K/Month Income  04:30 – Debt-Free but Not Wealthy Yet  07:15 – What Real Wealth Actually Is  09:40 – Passive Income vs. Active Income  12:00 – How Much Do You Really Need Per Month?  15:25 – Breaking the Survival Mindset  18:10 – Why Kyle Still Feels Financial Pressure  21:30 – Budget Breakdown & Real Numbers  24:55 – $100K in Investments at 33 Years Old  27:40 – Why Income Isn’t the Problem  30:20 – The Formula to Reach Real Wealth Faster  33:00 – How to Enlarge Active Income  36:15 – Creating Predictable Cash Flow as a Creative  39:05 – Investing vs. Hoarding Money  42:00 – What If You Only Needed $3K a Month?  45:10 – Faith, Purpose & Financial Calling  48:20 – Real Wealth Rating  51:00 – What Kyle Must Do Next  53:30 – Closing Thoughts