#75: Own a Piece of the Internet

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If you're still working, your 401K in your IRA probably won't be enough for retirement. I've always believed in diversifying your portfolio. Now, let me ask you a question, how would you like to diversify by owning a piece of the internet? A turnkey 100% hands-off investment into the next generation of superfast internet. 

Today’s guest Wally Wright will let us know how you can diversify with great returns by owning a piece of the internet. Mr. Wally is the general manager of spectrum link a high-end high-speed wireless ISP while he boasts a career as a consultant in private equity sectors that spans nearly 40 years.

Wally has generated over $250 million in revenue by investing in a wide variety of industries, including the gold and silver futures market, startup technology companies, fine art, securing private funding for IPO’s, and the Wi-Fi internet broadband industry.

In addition to his investing in business prowess, Wally is an accomplished Ferrari, race car racer, and a member of the Mississippi Valley State University Athletics Hall of Fame.

In this episode, we’re discussing…

• [2:53] His backtrack and how he was fortunate to get involved in Wi-Fi and the genesis of all this business

• [4:45] Details about the investment amount and how it provides income, 9% - 12% annual and it can grow 1%

• [7:10] The asset appreciates about 5% a year, it’s a little bit different than equipment

• [7:38] The customer/investor can sell his tower back; and they can buy it with an additional appreciation depending on the lease agreement

• [9:55] Details about if the customer doesn’t want to sell, it is perpetuity?

• [13:07] The huge growth of the Wi-Fi needs and they’re focusing on essential business

• [16:54] The investor owns the equipment, it’s an asset, they own the network, and they partner with the investor

• [17:50] They have a backup program, if there’s a hurricane or earthquake where the tower/equipment is, and it is damaged, there’s no cost to the investor

• [22:40] How technology changes and how they face it with tremendous amounts of growth. They have powerful towers and wouldn’t be obsolete in 5, 8, or 10 years

• [29:17] They’re growing exponentially, they’re doing acquisitions, they might be hitting the public market next year

Wally’s Tot Tips

• “We provide a fair prevailing rate of return. And we throw off annually out of the box, no less than 8% up to 12%. And it's paid monthly. But here's the kicker. It's on a seven-year lease program. And we have a guaranteed buyback”

• “So, say you started at, and I'm just going to give you a what if, you started at 9%, you've gone from 10% to 11%. So, you say now you're at 60% ROI on your tower. And by the way, we make money to, you know, we do the heavy lifting. We do all the insurance, all the maintenance, the software, the upgrades, every building has $5 million blank and insurance. So, we do all of that when I say, turnkey”

• “Would you like to sell your tower, if that's the case, we'll cut you per tower, we'll cut you a check back for that 35% appreciation of $47,250, if you say no, I want to keep it going. So, we could extend it for three more years. But it would stay at whatever it was last year, getting about 16% of 17%. That's the maximum that we're able to provide”

• “Because of COVID, we've pivoted, and we're now really focusing on essential business because they need it. Nursing homes, hospitals, schools. In Florida, we have probably three gated communities that are just about finished that are looking for Wi-Fi internet, they've contacted us, we're in the process of negotiating. I think it's anywhere between 13,000 to 15,000 homes”

• “We've been very fortunate. I've got customers that have one tower. And they'd love it. I like to call it crockpot money or mailbox money. You put it in the crockpot in the morning, you come home after work, and it's all done. And, and I say, turnkey, it really is. But it's been amazing. It's an alternative, but most people don't really understand they could do”

• “So, wherever they ever listen, people want faster, more efficient, we're better, we're faster. Our price point is amazing. And we do compete with the telecom att Verizon and sprint, we're just better”

• “The biggest customer I have has 100 towers. And the interesting thing is, he put I think 45 or 50 In his personal and, it could be putting your corporation, your LLC, your personal name joint tenancy. And he also did the remaining ones with his IRA. So, it gives you options”

• “It's interesting, because I always tell people, if you don't have a just a small portion of your portfolio in the internet or technologies, you're doing yourself a huge disservice”

Mike’s Top Tips

• “People have careers, people are working, they’re looking to diversify out of their IRA’s, 401K's and mutual funds. This is a truly nice way to even your working IRA, you can do a self-directed in invest and so I give you $35,000, I get 10 to 15% return at the end of seven years, I make $47,000”

• “I can imagine with all because of COVID, and everyone’s staying at home, you were seeing a lot more people working remotely, that there' an explosion, this greater need for all of these towers now”

• “I always talk and people get tired of me saying this is I'm a big, big proponent of at least six branches of diversification in your monetary retirement portfolio. Don't keep everything in your work IRA or work 401K don't put everything in the stock market. Don't put everything in one easter egg, you know, just one bag”

Resources about Wally

spectrumlink.net | Facebook | Twitter | Linkedin |  

+ Read the transcript

Mike Stohler
What if you could be doing something smarter with your money that creates income. Now, if you're wanting to get ahead financially, and enjoy greater freedom of choice, if you want a comfortable retirement, and you know you'll have more choices, if you can do more with your money. Now, if you've wondered who else is creating ways to make their money work for them, and you want actionable ideas, honest pros and cons, and welcome to the Richard geek podcast work here helping people find creative ways to build wealth and financial freedom. I'm Mike Stoller, and in this podcast, you'll hear from others already doing these things, and how you can Mike Stohler Hello, everyone. If you're still working, your 401k in your IRA probably won't be enough for retirement. I've always believed in diversifying your portfolio. Now, let me ask you a question. This is so exciting for me. How would you like to diversify by owning a piece of the internet, a turnkey 100% hands off investment into the next generation of superfast internet. Our next guest is Wally right of spectrum link. And we'll be discussing how you can diversify with great returns by owning a piece of the internet. This is so intriguing to me that I have personally been looking to invest with Wally through a self directed IRA. Mr. Wally right is the general manager of spectrum link a high end high speed wireless ISP while he boasts a career as a consultant in private equity sectors that spans nearly 40 years. In addition to his investing in business prowess, Wally is an accomplished Ferrari, racecar racer, and a member of the Mississippi Valley State University Athletics Hall of Fame.

Welcome back, everybody to another episode of the Richard geek. I am very pleased to introduce Wally Wright. And Wally is his company's called spectrum link. How you doing Wally?

Wally Wright
doing tremendous I'm glad to be here Mike It's my pleasure, I'm looking forward to sharing a few things what we do here at spectrum like

Mike Stohler
it's a very fascinating concept that I didn't even know existed and you know, I've been doing investments for a long long time. So tell me about the concept of investing in Wi Fi.

Wally Wright
Okay, I'm happy to I remember let me just kind of backtrack a little bit jack in the I first started my career back in 84. I was very fortunate to get involved in in Wi Fi and in other words the the IV EDS licenses the pager industry, the cellular industry and is just really birthing the genesis of it and a lot of people didn't think too much of it but I was able to sell licenses and frequencies and people were buying he could buy stock etc etc but even people that bought towers back then they were you know 30 4050 feet tall that were leased on their properties are still making money today. It's it's been amazing. So it's I always say right now like I say it's almost like lightning striking twice and even more because the last 40 years technology has gone from 2g, 3g, 4g 5g, and it is we're looking at over the next probably be conservative, I'd say over the next probably my goodness 1010 years. We're talking about a 2035 15 years we're talking about a $17 trillion market. But regarding what we do now I am the general manager of marketing and sales with the spectrum link. And I've been very fortunate to be able to offer a an opportunity as far as alternative opportunity on investors and we we've been selling towers and we're now going into our eighth year 2021 but we're selling towers, we're selling them for $35,000 and this is a simple purchase and leaseback and they buy the tower, they the customer they he owns the equipment, we own the network, and I'm going to make it really really simple layman's terms we we take that tower, and we place it we built out of Los Angeles or New York to but we placed that tower on a multi tenant office building. Number one, we don't put the cart before the horse. We already We have at least a 10 year lease agreement with the building owner due to the internet and we do a small revenue with the building owner, but also to, we have call centers, billboards, boots on the ground, radio print, etc. And we go into that building and we start solicit what our business what we do for Wi Fi and internet and we we sign up end users could be a law firm, an accounting firm, etc, etc. And that tower we, we install it within a 30 to 90 day period of time, we do all the heavy lifting. It is when I say turnkey, like it's turnkey, we do everything we install that power within 30 to 90 days want to install, it provides income. And in law in the West Coast, we use Wells Fargo with our ACH. And in New York we do JPMorgan Chase. And we'd like to think like I say we we we do all the heavy lifting, we provide a fair prevailing rate of return. And we throw off annually out of the box, no less than 8% up to 12%. And it's paid monthly. But here's the kicker. It's on a seven year lease program. And we have a guaranteed buyback, I'll get to that in a moment. But we can extend it for three more years to but each year, let's say you're you're at 12%. Let's say you're at 10%. The first year, we keep adding more end users to the frequency with our call centers. So in other words, that 13th month, or even that 10th 11th month, all of a sudden, you've gone to two to 11%. Because we keep adding more end users to the frequency, we have all the all that in our documents, we have a we have a 12 month service guarantee. And we'd like to think we take all the risk out we mitigate the risk because we want you to feel comfortable. And if we don't provide and we have this in writing to we don't provide every provision ever retitle in our agreement, payment, everything on time, we will refund your money 100%. And we've never had to do that. Also to the equipment. Actually, it's a little bit different than equipment, that asset appreciates about 5% a year. And that comes out to be about 1700 $50. So for the sake of discussion, let's say in seven years might a customer wants to sell this power back. Not only has he gone from, let's say 10% up to 15 60% 70%. That would be the max on that on that return per year paid monthly. We're going to buy that tower back not only what he paid for it is an additional 35% appreciation instead of our documents lease agreement. We're going to cut a check back for 47,002 50. And also to I can the kicker is that the new tax law that came out January 1 2018. People can Google it. It's section one, section 179 she gets to write off that income, which is amazing.

Mike Stohler
Yeah, I'm just gonna like that's kind of the hot topic right now is 179.

Wally Wright
Exactly, you get to write it off. And also to we wanted to make sure that when we started to do the towers, almost eight years ago, we wanted to make sure that we've covered all bases. So we went to like your Merrill Lynch's your Morgan Stanley's your Schwab, your fidelity's, and even they're the real custodians around the country. And we got approved to accept self directed IRA self directed 401k plan. And we have a number of custodians we work with, they're excellent, they're professional, and opening up an account if you have an IRA, the only difference is that that monthly income doesn't go back to your personal checking your savings, it goes back to the custodian your account. So there's this is there's options there too.

Mike Stohler
It's Wow, this is it's fascinating. So you know, for all our listeners out there that work nine to five, and that's the biggest part of of our listenership is. People have careers people are working, they're looking to diversify out of their IRAs, the 401 K's their mutual funds, you know, their profit sharing and this is a truly a nice way to even within your working IRA, you can do a self directed in invest and so I give you 35,000 mm, I get 10 to 15% return at the end of seven years. I make 47,000

Wally Wright
we'll buy your equipment back if you find that it Yeah. Exactly.

Mike Stohler
Now what if I don't want to sell it is this in perpetuity? Can

Wally Wright
it go on today? years 15 absolutely limit Let me explain. So we like to call our evergreen evergreen clause too. So basically, let's say we're going into the seventh year. So say you started at, and I'm just going to give you a what if you started at 9%, you've gone from 10% 11%. So you say now you're at 60% ROI on your tower. And by the way, just so you know, we make money to, you know, we do the heavy lifting. We do all the insurance, all the maintenance, the software, the upgrades, every building has $5 million blank and insurance. So we do all of that when I say turnkey, but back to your question. Yes. So about a year before, Mike, that seven years over, I'm just going to ask you, we just asked the simple question, what would you like to do? One would you like to sell your tower, if that's the case, we'll cut you per tower, we'll cut you a check back for for that 35% appreciation 47,002 50 per hour or two, if you say no, I want to keep it going. So it would we could we could extend it for three more years. But it would stay at whatever say that last year getting about 16% of 17%. That's the maximum that we're able to provide. So it would just continue on at that level, it doesn't start over, it just continues on because we really have max capacity for that tower that we're able to provide that type of return. And also to you get an FCC license. And let me just address this back in the 80s. People got FCC licenses for radio frequencies, etc, etc. And they were good for a lifetime. But those days have changed. A lot of people took advantage of them. So we provide an FCC license, it will have the latitude, the longitude, the coordinates where your towers be in place, for example. 230 Park Avenue is one of our buildings. It's the Discovery Channel building in Manhattan. You might have heard of Carnegie Hall, Carnegie Center, these are buildings we do we do Wi Fi and internet for. But yes, that that FCC license is good for 10 years, if by chance because I have customers that started with one tower, two towers, three towers, and then all of a sudden they said, You know something? I've got um, I got some more liquidity. I got a CD coming. Do I just sold a piece of property, etc? You don't need another license, we just add more coordinates to the existing license. Um, hopefully that answers your question. Uh huh.

Mike Stohler
Absolutely. And I, I can imagine with all because of COVID. And everyone's staying at home, you were seeing a lot more people working remotely, that there's a, an explosion, this this greater need for all of these towers now, because I know that a lot of our listeners are working in tech in just the amount of like, companies, all of a sudden, I need bandwidth. I need towers, I need reception. You know, I'm sure you're seeing that. I bet you're doing pretty well during code. Well, and again,

Wally Wright
I say this with the utmost humility. Well, these are tumultuous times. Number one, let's let's be Let's be upfront, this is this is, this is nothing that we would ever thought we'd be living through. But we are living through it. We just happen to be in a space, Mike, that is essential. And as I mentioned before, our core business 99% of our business has been b2b business, from professionals, sports arenas, to just a Starbucks, a Krispy Kreme. I'll pull your local to whatever it is. But because of COVID, we we've pivoted, and we're now really focusing on essential business because they need it. nursing homes, hospitals, schools and answer your question. In Florida, we have probably three gated communities that are just about finished that are looking for Wi Fi internet, they've contacted us, we're in the process of negotiating. I think it's it don't quote me anywhere between 13,000 to 15,000 homes. They're all smart homes. And you're correct. They need more bandwidth. And an interesting thing is that we're actually working with ruckus, it's our equipment, and also with Facebook. And they called us to deploy a network called paragraph. And without getting too too technical. It allows us to bring one gigabyte to each house. It is amazing, but answering a specifically to your question. Yeah, it's it's been. It's been lights out. It really has. And yes, we are. We've been very fortunate. I've got customers that have one tower, that just have one tower. And they'd love it. I like to call it a crock pot money or mailbox money. You put it in the crock pot in the morning, you come home after work, and it's all done. And, and I say turnkey, it really is. But it's been amazing. It's an alternative, but most people don't really understand they could do. We've, we organically have done this over the last going on eight years now with one customer at a time. And it's been nothing short of remarkable, to say the least. So we we got a lot to do. The business is not going away, the the world's gotten a lot smaller. And, you know, just to kind of touch on some of the things that we're doing. We're we're in Los Angeles, we're going into Oakland, California, we're built out New York City, Manhattan. We're certainly tearing up Florida. We're in Hawaii. Oh, by the way, we just closed the deal with the with the big resort and khoy 15 buildings. And at the at the at the marina at the boat show in Fort Lauderdale, the end of October. We were contacted and now we're going into the grand the grand Bahamas. So were they ever listen, people want faster, more efficient, we're better, we're faster. Our price point is amazing. And we do compete with the with the telecom att Verizon and sprint, we're just better. And we have a bespoke network. As I mentioned before the customer, the investor owns the equipment, it's an asset. And we own the network. And we we partner with the the investor. And we like to think we provide a fair prevailing rate of return. That one, if you put in an IRA, it's kind of a no brainer. And if you don't have an IRA, you get to get to write off the equipment every year, which is, which is pretty remarkable, too.

Mike Stohler
It's it sounds like it and you know, me being an investor and always looking at different ways of doing things and writing it off. I'm thinking it's like, Okay, if I were to purchase a tower from you, I'd want it in an exotic location like Hawaii, the Bahamas, so that I can vacation there. And I can write it off, because I'm going to go see my tower, you have an asset,

like

I have an asset there. And it's a business expense, because I need to make sure that my tower is up and running and doing well.

Wally Wright
Exactly, and we have where we have our corporate head is one Wilshire Boulevard. And that is our hub. And that's a lot of the peering point on the west coast. That's our hub. We also have a a office, in other words, a technical office in Providence, Rhode Island does all of our it work on the east coast. But you know, we have, excuse me, we, like I said, we have locations we have the buildings we have the communities, we have the buildings that we have in place, we don't put the cart before the horse when when someone buys a tower, we we already have the locations available. And and the quicker we get it up. Because we've got skin in the game, the quicker we're both making money and and not to be redundant. We're not asking everyone we're not asking an investor to knock on doors and and he doesn't have to do maintenance on this tower and because they're in Thrall and protective locations on top of buildings to protect the caging and they're all secure. But we do we do everything we may commence service upgrades. We have redundancy backup program. If towers that are in Florida, it seems like we've had hurricane after Hurricane and that whole area, let's say that piece of equipment was damaged. There's no cost to the to the investor. We get it up and running. It's on our dime. Same thing in California an earthquake. If there was a building fire is the same thing. So when I say turnkey, it really is turnkey. But we have so much in front of us over the next several years and but we're still offering the towers. We are going to get to a point that we're going to be using we got we have we have hedge fund money, you know we have financial institutions that are calling us because they want to they see what we've been doing and they want to help us build out our territories but we are still offering the towers. And I love it. I love it. I love to be able to talk to someone and and you know they see it and and next thing I know they might have a dozen towers. The biggest customer I have has 100 towers. And the interesting thing is he put he put I think 45 or 50 In his personal and he, it could be putting your corporation, your LLC, your personal name joint tenancy. And he also did the remaining ones with his IRA. So it's it's some, it gives you options.

Mike Stohler
It's fascinating now, in the future, we're talking a lot of b2b a lot of things. How about in the rural rural areas? Are you doing any any of that type of thing for those? You know, people like me, you know, we're talking about in our cabin work, we have no internet.

Wally Wright
Yes, we are. Right now, for the next probably. Let me touch on that, Mike, for the next probably 24 to 36 months. We are, we got our head down, because we're really focusing on 32. NFL cities, certainly Los Angeles, in New York are really the bookends of the hub, on the west coast and East Coast, going into Chicago, and we're now going into acquisitions and things of that nature. But probably for the next two to three years, we have enough to keep us busy. Especially with post COVID. And, and, you know, we're who knows that people who go back to work, we're not really sure. But so we're, we're really, we're not only doing our continue b2b, but we're going to really keep on doing the essential part of our business, but but going into the other rural areas. Yes, we want to. And we like to call that tier one. We call that tier two or tier three, because they need it there too. So we're gonna eventually get there. There's no question about that, because, uh, you know, you could be a small community outside of Cleveland, Ohio, or in you know, it could be anywhere in a small town in Florida or West Virginia, and they need Wi Fi and internet. And if we if it makes sense, and we can get enough end users, yeah, we'll place a tower there. Absolutely.

Mike Stohler
Now, let's talk about a little bit about the future. You know, I know. Because a lot of our listeners are in the tech, they're gonna say, Well, you know, how about elans thing? You know, with starlink? and all that sort of thing? How do you see the future of you know, this superfast internet and the outlook and performance? And how, what you're doing compares with some of the things that like starlink is doing?

Wally Wright
Well, again, there you can take starlink you can you can, you can take at&t, Verizon, Sprint, they're even talking about satellites over the next decade or so. All these all these things are real. And they they will probably come to pass eventually. Because when you think about this, there's a there's a technology changes. And again, I'm not an engineer, but I do know this technology does change every loosen every month. I mean, something's new, but really the big jumps are every 10 years. And I'm not sure how old you are. But I can I can go back to 1979 where we had 2g, and they thought that was the latest and greatest. 10 years later, we went to 3g, we went to 4g, and now everything is now 5g. I can speak about this the next probably 10 to 15 years, we're in a good space. I think there is a tremendous amount of growth. I think it's a $17 trillion market that Warren Buffett or the Motley Fool's have talked about just just every day, Will our business change, like every business? It does, it does have to keep up with the upcoming things. But one thing about our towers in our software, what we do, we're always going to stay ahead of the curve. Because even three years from now, four years from right now, we were always doing maintenance. And and because these are this equipment is the state of the art. It's not like you taking it and throwing it away. I mean, basically, you're really changing routers, switches cables, and it's really software now. Well, you know, something will cross that bridge in, in 10 or 15 years. But we were definitely stay ahead of the curve spectrum. Like there's no question about that.

Mike Stohler Look, yeah, so that's one of the questions, you know, I buy a tower and then in the year is my tower going to be obsolete? So you're, you're able to implement the new tech and it's through software's through the router switches.

Wally Wright
Absolutely correct. And again, these are these are state of the art towers. They are there. They're spanking brand new. But yes, we Keep them laser fast, we do all the maintenance. And it's not going to be obsolete in five years, or, or eight or nine years or 10 years. But at the end of the day, as we as we move forward through the decade, we're going to stay ahead of the curve. So we're going to make sure that our tower rotors have the best equipment. And like I said, these things are, these are not 30 40 feet high. I mean, they were probably three or four feet. I mean, there is they're small, but they're actually powerful, absolutely powerful. And in what we do is for people that are interested, and there is zero obligation. And we could talk about that later, I certainly my phone number my our email, our website, and people calling it from information, we send out a full brochure, on who we are what we do, the the 12 month service guarantee the lease agreement, it spells everything out that we're talking about in writing, and, and they can, if anything, it gives them great information.

Mike Stohler And okay, and, you know, let's go ahead and get into that, as we're starting to New York Times. People are going to be interested, so how can they get ahold of you as their, you know, the websites? How can they get ahold of view and spectrum link?

Wally Wright views? My pleasure? Yep. First of all, let me I'm gonna, I'm gonna give them website information. It's www.spectrumLink.net www dot spectrum, Linc. dotnet. My, I'm gonna give you three phone numbers, my office number directly is area code 818-835-6147. Again, at 188356147. Sometimes I might be at a site at our location. My mobile number is 747-259-9162. Again, 747-259-9162, our toll free number that goes right to the reception area is 800-983-6150 800-983-6150. And our email for information, feel free is info. I N fo info at the at sign info at spectrum link.net. Wonderful.

Mike Stohler And are you on any of the social media that you know LinkedIn? A lot of our viewers

Wally Wright Yeah, I know, we're on Twitter and Facebook and all that Instagram stuff. So all that they can they can look that information up. But But yeah, I mean, at the end of the day, it's our pleasure to email information out. It's a full brochure. And what we do is we we show the gearing we show the specs, and obviously the the documents, the lease agreement, service agreement. And it's it's just, it's, it's seamless, it really is seamless. And

Mike Stohler
it sounds like it's it's, and that is what a lot of our listeners want is, is how can they diversify, I always talk and people get tired of me saying this is I'm a big, big proponent of at least six branches of diversification in your monetary retirement portfolio. Don't keep everything in your work IRA or work 401k don't put everything in the stock market. Don't put everything in one easter egg, you know, just one bag. There needs to be not all those that I just mentioned a wonderful, but you've got to sit there and diversify into other types of passive income. Just so when the markets fluctuate that you have something that is going to be a little more recession proof other than if someone sneezes, then the stock market falls, you know, exactly 4,000% you know, you know 5% 6%

Wally Wright
Absolutely, it's interesting, because I always tell people, if you don't have a just a small portion of your portfolio in the internet or technologies, you're doing yourself a huge disservice. And it's interesting because, you know, most IRA, I mean, everyone has IRAs, and most of them, you know, they you're looking anywhere from you know, 3% 4% maybe 5% and it is what it is. We do better than that, obviously. But like I said, we provide a, a nice passive income, you'd have to think about it. It's It's, it's, it's the end of every month, the last week of every month. It's a direct deposit on an a CH with JP Morgan Chase or Wells Fargo goes to your personal checking or savings account, you'll see it every single month, it's just like clockwork, or it's deposited to your, your account with your deposit codes at your, at your custodian with an IRA. So it's, it's like, you know, your, you get to the end of the month, you say, oh, okay, if my payment, and it's just, it's not, it's like having a piece of a utility, the internet. Like, it's not going anywhere. It's just not, if anything, it's growing. And we just happen to be in a nice space. And, you know, we, and by the way, too, I do want to share this with you that, you know, we, with our tower owners, another added incentive is that we do, we do plan on going public. And we had planned on this year, but because of COVID, we kind of put the brakes on, but because we're growing exponentially, we are doing acquisitions, I if things kind of settle down, we might be hitting the public market next year, we already have everything in place. And if that's the case, our tower rotors, we're gonna at least give them an opportunity to buy some shares at a fraction of the opening. So this, there's some real neat things that are going on there too. But, you know, we, we get calls, from time to time from, from the telecoms who wanted to come in and buy us buy us out. So there's, there's a lot of great opportunities. But at the end of the day, if folks are really looking for just a nice income stream, a nice rate of return, a nice prevailing rate, great tax benefits, and it's turnkey. We'd love to be able to at least present what we do too, and get some information to you.

Mike Stohler Well, it sounds wonderful Wally, everybody's listening. Passive income, turnkey. Use your IRA go and it's so easy. If you don't know how to do a self directed IRA. I've done it in and I've bought into some companies. It's seamless. Give Wally a shout out at spectrum link dotnet and through the the phone numbers. Thank you so much, Wally. I appreciate your time.

Wally Wright
Oh, my pleasure,

Mike Stohler everybody. Thank you for listening to another episode of the Richard. Thanks for tuning in to the Richard geek Podcast, where we're helping others find creative ways to build wealth and financial freedom. For today's show notes, including all the links and resources from our show, and more information about our guests, visit us at www.richergeek.com/podcast. And don't forget to jump over to Apple podcasts, Google Play Stitcher, or wherever you get your podcasts and hit the subscribe button. Share it with the others could benefit from listening and leave a rating and review to get the podcast in front of more eyes. I appreciate thanks for listening.

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ABOUT WALLY WRIGHT

Wally Wright, General Manager of SpectrumLink, Inc., has been consulting in private equity sectors for nearly 40 years. He's the driving force behind SpectrumLink’s nationwide sales for business, development, and retail, as well as its residential build-outs for Wi-Fi and hard-wired internet. Wally has generated over $250 million in revenue in his career and would love to give your listeners a rundown of the current investing landscape, alternative strategies for growing their money in the COVID era, and what being a professional Ferrari racer has taught him about sales and business.