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The Art of Passive Income Podcast

Mark Podolsky (AKA The Land Geek) and Scott Todd from scotttodd.net are successful land investors, land investing coaches and committed to helping you break out of solo-economic dependency. Discover why Land Investing is The Best Passive Income Model (no physical inventory, a one-time sale, recurring revenue, a built-in incentive for the buyer to continue paying, and low competition). Learn about strategies, skills and helpful tips that will help you grow your Passive Income through Land Investing and other passive models.
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Oct 18, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Geoff Nicholson—GeoffNicholson.uk.

Geoff works with people all over the world—entrepreneurs, CEO’s and other high performing professionals through coaching, mentoring, training and speaking helping them to create and live an exceptional life.

Geoff’s story is an interesting and inspiring one. In 2000, he suffered from a bout of viral meningitis and recovered but within a year he was struck again which triggered a series of severe stress-related conditions that caused him to be bed bound for a year sleeping almost 20 hours a day rendering him housebound. He struggled with severe depression, anxiety, guilt and many other debilitating mental and physical conditions including severe lethargy, chronic migraines, racking muscular pain, poor concentration, and memory.

He was so weak and lethargic, a simple walk down the stairs would take him half an hour. He suffered this way for years and then in 2006 with feelings of deep despair he felt like he couldn’t keep going or continue to put his family through his suffering so he decided to take his own life. He sat out to do it but stopped just before that fateful moment because of what he heard.

What did Geoff hear that literally stopped him in his tracks? 

And, how does one come back from such a dark place to go on and LIVE such an exceptional life? 

It all starts in your head…

"We all limit ourselves in the way of what we are thinking to what we are actually doing." 

Listen in as Geoff walks us through his incredible journey of healing, in mind over body.

TIP OF THE WEEK

Mark: Learn more about Geoff by going to his website at GeoffNicholson.uk.

Scott:  Read the book, The Success Principles by Jack Canfield. Read it, read it again, execute on it, and your life can be exactly what you want it to be.

Geoff:  Do a productivity experiment—Every quarter within your business, focus on a certain result that you're looking for and explore how you can make that as efficient as you possibly can.  

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 16, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Jeannie Morem
  • Aaron Williams
  • Erik Peterson
  • Mike Zaino
  • Tate Litchfield
  • Scott Todd
  • Scott Bossman
  • Mimi Schmidt

Aaron brings up the first topic for discussion—Buying Within City Limits.

Listen in as our full panel of Geeks clear up the questions:

  • Should you avoid it and why?
  • What should you watch out for in Due Diligence?
  • Is it different than rural land?

Next topic up for discussion—Legal Advice. Jeannie poses the question, should a land investor retain an attorney for legal advice or any issues that may arise?

The gang all share their thoughts, experiences, and advice!

And, can we be seeing Scott Bossman on a more regular basis on Round Table!?

Listen in now for all the details!

TIP OF THE WEEK

Aaron: Check out the Chrome App, Speed Dial FVD to create a 3D wall of easy to access bookmarks whenever you open a new tab.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 11, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Chris Prefontaine—Founder of SmartRealEstateCoach.com and SmartRealEstateCoachPodcast.com.

Chris, who has been in real estate for over 25 years has extensive experience in the construction of over 100 plus single family and duplex homes. Plus, he’s owned a realty executive franchise, done 80 million in real estate transactions, and does condo conversions! He mentors, coaches, consults, and partners with students around the country, alongside his family.

Chris is also Amazon’s bestselling author of Real Estate On Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash Or Credit.

Today, Chris gets into the nuts and bolts of sandwich leasing—being the middleman between the seller and a rent-to-own buyer. Chris buys 3-6 homes a month on terms—Buying them without using his cash, without applying for loans, and without deposits on a lease purchase or owner financing option.

Listen in as Chris delves into:

  • The lease purchase process
  • The lease-end turnaround process to sell as a rent-to-own
  • Why it makes sense for a homeowner to sell to a middleman
  • Finding the deals
  • How much capital needed on the turnaround sell for repairs or upgrades
  • Things that can go wrong

Plus, Chris walks us through a case study of his last deal!  

Without being able to poke any holes into Chris’s niche, both Mark and Scott lose all focus and come down with a severe case of shiny object syndrome. But in the end, each agrees that there’s no niche like land.

If you're hungry for real estate, you don't want to miss this episode! 

TIP OF THE WEEK

Mark:  Learn more about Chris by going to his website at SmartRealEstateCoach.com.

Scott: Check out the service called FreshChat at FreshWorks.com. It's live chat software on multiple channels.

Chris: Reach high with a mentor. Also, read the book, There's a Customer Born Every Minute: P.T. Barnum's Secrets to Business Success by Joe Vitale.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 9, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Mike Zaino
  • Erik Peterson
  • Aaron Williams
  • Jeannie Morem

With the final Orlando Bootcamp and the last one of 2018 just over a week away, we wanted to give you some insight on what to expect if you’re attending for the first time.

Join the panel of Geeks as they offer great advice for preparing for a full weekend of intense training.

The one piece of advice that was reiterated by all was to get plenty of rest beforehand! The amount of information you will receive can be overwhelming so it helps to go into Bootcamp with a well-rested and open mind.

Between the networking & information—that total immersion, no matter where you are in the business you will walk out of there a different person with your business. That is a guarantee!

Then, Mark poses the question: Do you have to be at a certain point in your business to take full advantage of Bootcamp?

The answer is yes, and no.

Listen in now to hear more of the details. Plus, Jeannie gives great advice from a newbie student perspective and Tate gives us a little VIP teaser!

TIP OF THE WEEK

Mike:  Check out our social media sites, Instagram—@TheLandGeek and Twitter—@TheLandGeek. There is a lot more content coming!

Erik's Book Recommendation: Rich Dad Poor Dad by Robert T. Kiyosaki.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 4, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Tyler Sheff, CEO of CashFlowGuys.com—where the goal is to simplify the process of buying and selling real estate.

His company aims to educate their clientele in investing in real estate and building long-term wealth. The Cash Flow Guys provides their clients with the necessary tools to succeed as a real estate investor from the ground up.  

Tyler shares a bit of his backstory starting with house flipping 20 years ago before TV had popularized it with the HGTV shows. His plan was to get rich flipping houses until Uncle Sam stepped in and demanded his cut of the capital gains.

Fast forward a few years, he’s now working for the Government and making great money, but Uncle Sam is still taking his share of income taxes. So Tyler googled how he can legally reduce his tax bill and that search led him back to real estate, to buy and hold properties. But, Tyler who was now accustomed to a certain lifestyle knew that he couldn’t scale fast enough on single family homes and decided that multifamily of 5-50 doors made more sense for him.

If I want to change how I am taxed I simply need to change how I  generate income.

Today, Tyler shares his multifamily real estate strategy with us and why he focuses on Mom & Pop properties where, like in land, he finds the opportunities in the due diligence process.

Also, find out:

  • Tyler’s strategy to leverage the equity for a tax-free payday
  • His sweet-spot for private money
  • As a realtor, why he takes his commision on notes
  • The downside to his model

And, so much more!

This podcast is a wealth of information, listen in for all the details!

TIP OF THE WEEK

Mark: Learn more about Tyler by going to his website at CashFlowGuys.com.

Scott:  Read, Thinking, Fast and Slow by Daniel Kahneman.

Tyler: Take action and invest for cash flow. Don't invest on piles, invest in streams.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Oct 2, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Jeannie Morem
  • Erik Peterson
  • Aaron Williams
  • Scott Todd

Occasionally we run into obstacles in this business that slow down progress. Usually, we can get around those roadblocks ourselves with time, persistence, and patience. But what happens when those obstacles are out of our control?

Today, Bearland Aaron shares one of those situations with us, in regards to county backlog and processing times. We go over possible solutions and strategies for those choke points that are out of our control so that we can keep the deal moving forward in a timely manner.

And, should part of our county research include calling the county to find out how quickly they can get things done and also ask if they use Simplifile?

Listen in now as Tate gives us his checklist of questions when researching a county.

TIP OF THE WEEK

Erik:  RemindThem.com—To easily collect phone numbers so that you can send text messages about new content and promotions.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 27, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Rick Coplin—RickCoplin.com.

Rick is a communicator, coach, and catalyst leading successful people to clarify their mindsets, identify their purpose, and cultivate the conviction to intentionally leverage their success and move into a life of significance.

Rick puts his focus into helping those who have already been successful in life but who feel like there’s something more. He takes them through a process to help them design their perfect lives by understanding who they are today and what they believe they are capable of doing and who they want to be.

Join us as we delve deep into getting to the core of our significance. Plus, Rick answers:

  • Why he chooses to work with successful people
  • Challenges he sees people face crossing the bridge to a life of significance
  • Where he sees people defining significance

Plus, find out which three people, living or not, he would have over for dinner and what’s the one question he would ask them.

Listen in now as Rick takes us on a journey into our psyches to uncover our path to significance.

“The key is not thinking that it’s a singular linear path. It is a path that you start and make decisions along the way that radically change or in some small ways change what you are doing...you tweak it. It’s an evolutionary thing, not a radical one.”

TIP OF THE WEEK

Mark: Learn more about Rick and how you can achieve significance in your life, going from success to significance at RickCoplin.com. Don’t forget to check out his podcast, a really great resource for moving up that chain of Maslow's hierarchy and really helping define your purpose, becoming more intentional in life and becoming a greater contributor.

Scott: For taking fast notes right from your menu bar, check out the Mac app, Tyke.io—It's free!

Rick: Read the book, Half Time by Bob Buford. It’s about what are you doing with your life as you work your way through your career? What's going to be significant about you?

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 25, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Mike Zaino
  • Erik Peterson
  • Mimi Schmidt
  • Aaron Williams
  • Scott Todd

Today, the panel analyzes a question coming from the Facebook Group:

When do you lower and how do you determine the price when there is a big price range difference for comps?

That brings us back to last week’s discussion on marketing and listening to what the market is telling you through the response rates.

The group goes deep into:

  • When and IF you should lower the price
  • Testing the market by raising and lowering the price
  • How much should you lower it
  • Using “special deals”
  • Anchoring

And, so much more!

Listen in as they all give great advice and share their own strategies for getting the price right.

When a lot of people start off buying and selling land, they want to sell the property and that's always the biggest hurdle to overcome. People freak out when they put their ads out there and advertise it but they’re not selling the property. Maybe some people are asking questions about it, they’re inquiring to some degree but no one is pulling the trigger to buy it. So, it’s really easy to feel like you didn’t price it right. But ultimately, it’s just about bringing enough potential buyers to see your ad. It takes somewhere around 50 leads to sell a property. If you’ve achieved that and you still don’t have a sell, them maybe its alright to start lowering the price. You should have plenty of room to do that if you bought the property right. -Erik

Resources Mentioned:

10bii Financial Calculator

TIP OF THE WEEK

Erik: Check out the coaches recommended reading list at TheLandGeek.com/ReadingList

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 20, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Land Geek alumnus, Mike Ferreira. Mike, who bought the Investor’s Toolkit in 2014 has been flying under the radar and silently crushing it in land investing ever since!

Mike, who was in the gold and silver business when he found The Land Geek program, bought the Toolkit and went through the lessons but didn’t fully commit himself to the business for another year. Once he did, he left the precious metal business behind because he found that land was “easier, more fun, and more profitable”.

Listen in as Mike talks about his journey and the challenges he faced in setting up his land business on his own. He tells us that if he could do it all over again he would have invested in coaching.

If I had done coaching or if there was Flight School at the time, the learning curve to really rocking this business would have been so shortened. I probably would have made a quarter of a million dollars more than I have in that amount of time. So the investment would absolutely have been worth it to me. 

Mike also shares:

  • What he thinks about the competition
  • What he learned from the gold and silver business that applies to land
  • Deals—and why he prefers owner financing

Plus, he gives newbie advice for those who are just discovering the business and so much more!

Mike grew his passive income in land to exceed his fixed expenses… He works when he wants, where he wants and with whom he wants. So what does he do with all of his spare time?

He does MORE DEALS!

TIP OF THE WEEK

Mike: Check out SimpleTexting.com. It's SMS texting where people will punch in and send a short code to a number and they get an automatic response and I can also do a blast just like an email blast to everybody's phones for text messages. The open rate of a text message is way superior to email. I use it in conjunction with MapRight.com—an interactive mapping program. You can put interactive satellite maps on your website, but you can also send people links to the interactive map. And when you do so, they can open that link on their phone and download a free app which has the parcel outline of the property they’re looking at. It works in conjunction with the GPS on their phone. I use these two together.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 18, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark and the panel of Geeks…

  • Mimi Schmidt
  • Tate Litchfield
  • Mike Zaino
  • Jeannie Morem
  • Erik Peterson
  • Scott Todd

...were streaming live from the Facebook Group where they were taking questions from the community.

How long do you market a property on Craigslist and Facebook before you take it to eBay?

Should you consider eBay as the last resort? And, should you chalk a hard-to-sell property as bad property or just chill and adjust your marketing?

The gang all share their thoughts and rules about selling on eBay.

Also, find out Jeannie’s naughty little eBay secret!  

How do you create urgency in your ads?

Some ways mentioned were:

  • Headlines
  • Volume
  • Copy
  • Photos
  • Communication

Listen in now to get all the details!

TIP OF THE WEEK

Mike: Watch the Nite Cap episode with Scott Todd.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 13, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Lane Kawaoka—SimplePassiveCashFlow.com.

You may remember Lane from a previous podcast. He started his real estate investing career in 2009 cash flowing single-family home rentals while maintaining his day job as a Project Engineer and Licensed Professional Civil/Industrial Engineer.

Still working his day job, he’s back to talk about his move to the multifamily realm.

Because of the differences between single-family homes and multifamily, Lane admits there was a bit of a learning curve in the beginning but has built up his portfolio to about 434 units, in 3-4 deals! His strategy is to go after B and C class properties, add value to them, then increasing rent which in turn increases revenue.

Listen in as we dive deep into the details of multifamily investing and why he made the move. Plus, we go over the numbers and delve into:

  • Differences between non-recourse and recourse loans
  • Differences between classes and why he chooses B & C class
  • Advice on getting started
  • What he doesn’t see changing in real estate investing

Also, find out why Lane thinks that multifamily is an unfair game and so much more!

TIP OF THE WEEK

Mark: Learn more about Lane Kawaoka and about the very exciting, sophisticated, cool, high return world of multifamily investing at SimplePassiveCashFlow.com and don't forget to check out his podcast!

Scott: Check out the iPhone app called Boomerang for Instagram. It takes a burst of photos then turns it into a video.

Lane:  Don’t be an “askhole.” Don’t be that person who just asks questions. Find people who are in the position to help you and give value off of that.  

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 11, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Aaron Williams
  • Mimi Schmidt
  • Erik Peterson
  • Jeannie Morem
  • Tate Litchfield
  • Scott Todd

Live from the Official Facebook Group, the gang starts this week off by sharing what they did on Labor Day… do you celebrate it the same if you don’t have a job you have to report to?

TOPICS OF THE DAY

PROBATE—When the party or parties on the deed are deceased and there is no executor of the will assigned to transfer the property somewhere else. It has to go through a lengthy process of legalities to clean the title.

TREASURER'S DEED—A deed issued in a tax deed sale, so that the buyer is buying the property from the county. It’s no different than a quit claim deed. Selling can be a challenge though if the buyer wants to build right away because title insurance can’t be issued until the title is cleared and that can take several years depending on the state.

Listen in as the panel goes deep into the details of both situations, the time and costs involved in each, when you should consider buying, and when not to.

Plus, Mimi and Scott both share recent probate deals they proceeded on.

TIP OF THE WEEK

Erik: Start by doing what's necessary; then do what's possible, and suddenly you are doing the impossible. -Francis of Assisi.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 6, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Rocky Lalvani Founder of RicherSoul.com—helping people create fulfilling and meaningful lives by taking money out of the equation so they can live richer lives and live their dreams without regrets or debt.

Rocky always had the mindset to save money. At a young age his goal was to be a millionaire, so he set up an automated savings plan that would get him there. Coming from the corporate medical world, he was shocked to learn that so many professionals lived at or beyond their means at a 6 figure income, they had no savings to show for it.

Join us as Rocky shares how he helps his clients get to the core of their purpose by being intentional and thinking forward. Having a purpose gives you meaning and it gives you something to work towards. And while money is not the destination, having that direction to their deeper purpose, people are more apt to make smarter money decisions.

Rocky helps his clients eliminate wasteful spending by creating a financial balance sheet and a statement of cash flow and teaches them to run their life as a business.

Rocky also explains why these three components are imperative in creating a richer soul:

  • Health
  • Relationships
  • Spirituality

Are you ready to get to your core purpose to start living a more meaningful life?

Listen in now as Rocky puts you on the path to a richer soul.

TIP OF THE WEEK

Mark: Start living a deeper, more fulfilling life. Learn more about Rocky by going to his website at RicherSoul.com.

Scott:  Check out the app FlagTimes.com to see times in different time zones.

Rocky: Do your best to take care of your body. Read, The Plant Paradox: The Hidden Dangers in "Healthy" Foods That Cause Disease and Weight Gain by Steven R. Gundry.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Sep 4, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Aaron Williams
  • Mimi Schmidt
  • Mike Zaino
  • Erik Peterson
  • Jeannie Morem
  • Tate Litchfield
  • Scott Todd

As fall approaches and the kids are heading back to school, we want to get back to the fundamentals that really set up a solid foundation for a successful land business.

The three most important elements are:

  • County Research—This is first and foremost. Good county research and knowledge support the next two elements…
  • Mailing and Marketing—You have to know the area you are mailing to in order to send a fair offer amount. Every county has it’s higher valued areas and it’s lower areas.

KNOW your county, MAIL, then MARKET—Land Investing 101.

Listen in now as the panel of Geeks go over all the basics that helped them build strong foundations for their businesses.

County research is very important because the market is always going to change. -Mimi

TIP OF THE WEEK

Erik: Check out BuzzSumo.com—a research tool to help you develop content for blog articles about your land.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 30, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Sensei Gilliland—Founder and President of BlackBeltInvestors.com.

Sensei, a successful real estate investor, began investing in 1995 and since that time he has created cash through wholesale real estate, obtained wealth through rental properties and continues to teach his methods through seminars, personal training and club meetings helping people to achieve their dreams.

As a young karate student, he became heavily involved in martial arts competition during his high school and college years. Sensei received the honor of being ranked as one of the top three martial artists in the United States for five years straight. His first year out of high school, Sensei opened the doors to his own martial arts school and to this day owns and operates several schools from which he continues to teach actively.

Starting out in real estate before the internet and digital photography, Sensei took a big risk buying homes that were across the country from him. Living in California and buying homes in Florida, Sensei put faith in front of fear and it paid off. Starting with the buy, fix, and flip niche, Sensei flipped his first property in nine months.

Join us as Sensei shares how he made the transition from martial arts to real estate investing and why he chooses real estate across the country.

Plus, find out:

  • The worst real estate training advice he has seen
  • Why you need to cultivate the land before doing the surface work

We also dig deep into the biggest parallel between martial arts and real estate investing, discipline and how to be more disciplined in our real estate investing businesses and in our lives.

Ready to earn your black belt in real estate investing?

Listen in now...

TIP OF THE WEEK

Mark: Learn more about Sensei Gilliland by going to his website at BlackBeltInvestors.com.

Scott:  The Google Chrome app that Scott recommends, Disable HTML5 Autoplay, is no longer being maintained.

Sensei:  Run comps off of MLS and get title comps as well—it's a mixture of MLS sales and private sales. It might get you a high number.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 28, 2018

In today’s episode of The Art of Passive Income—Round Table edition, a big misconception people have coming into this business is the time and effort it takes to build a successful land investing business. Some look at the success of those before them and think that they can beat their timeline but when it doesn’t happen, or setbacks arise, they quit before they even give themselves a fair chance.

You are building a business, and that takes a lot of work! -Scott

Listen in as the panel of Geeks,

  • Scott Todd
  • Tate Litchfield
  • Mimi Schmidt
  • Aaron Williams
  • Jeannie Morem
  • Erik Peterson

...join Mark and dive DEEP into the effort and time it takes to set up the systems and processes correctly so you can have a successful business and reach that financial and time freedom that you’re looking for. They talk about their own timelines and setbacks and give advice on how to create goals, not deadlines.

Continue to follow through and know the results will come. -Erik

If you’re serious about land investing, you do not want to miss this episode!

Write down your goals and get rid of that artificial deadline. Whether it happens in 18 months, 17 months 3 days, or 36 months, once your passive income exceeds your fixed expenses, GAME OVER! -Mark

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 23, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Tim Rhode of 1LifeFullyLived.orga non-profit organization that helps empower people of all ages to Dream, Plan, and Live their best life possible.

At age 25, Tim worked 16 hours a day as a grocery clerk and painting addresses on curbs to buy diapers for his two small children. Then, he found his niche in real estate, averaging 18 homes a month for the next 18 years.

Skip ahead to age 40, he’s made millions through real estate and is financially free so now he asks himself, “what’s next?

Tim explains that he was able to create his own magnificent future so he decided to make it his mission to take as many with him as possible.

Join us as we dig deep into what it takes to live life fully, starting with a roadmap to get to your core by asking yourself these questions: “who am I? What’s my dream? What’s my plan? Where I’m I going with all this and who do I want to share it with?

Tim on success—Tim prefers the word fulfillment, success with depth. He believes that success is too shallow and there are many components in the balance wheel other than career, money, and finances that you need to work on to have a fulfilled life.

Success may not always be as it appears. Financially, you may be successful… you have the big house, a cushy bank account, high-end cars but it’s all very superficial. When “success” costs you in other areas of your life, you’re not living a fulfilled life.

Tim's advice to teens and young adults—question everything and know your financial ABCs.

  • A-what’s coming in from all income sources
  • B-what it costs a month to live on
  • C-what’s left to invest and how I’m I going to invest wisely

Listen in as Tim shares a lot of great advice, inspiration, and motivation. Plus, find out what horizontal and vertical income is, and why you should be investing in horizontal income.

TIP OF THE WEEK

Mark: Learn more about how to live a fully fulfilled life at 1LifeFullyLived.org.

Scott:  Check out the Chrome extension Go to Tab. It puts a little thing on the icon bar up on the side of your screen and all your open tabs just drop down in a nice orderly way that you can find them. And if you have so many open that you can’t decipher which one it is, you can type in the URL and it will take you to that one.

Tim:  Please read the book, The E-Myth. You can also read, The Richest Man in Babylon. And lastly, play the game CASHFLOW by Robert Kiyosaki. It's about getting out of the rat race and becoming financially free. The object of the game is that your passive income is more than your expenses.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 21, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:

  • Tate Litchfield
  • Erik Peterson
  • Aaron Williams
  • Mimi Schmidt
  • Mike Zaino
  • Scott Todd

There has been a lot of talk lately about an impending recession. We are in the longest real estate recovery in history, but is another one inevitable? Most likely, but the question is, when?

It is a perpetual cycle that looms over us and sooner or later it will happen, you can't predict when but you can watch for the signs and prepare.

Everyone shares:

  • How they were affected by the last one in 2008
  • Precursors to watch for
  • How to prepare so we are sitting pretty when it rears its ugly head

Also, find out everyone's thoughts on the impact it will have on the land business.

The last topic up for discussion is PROCRASTINATION. We all do it, it’s very natural. The reason we procrastinate is because we are avoiding some type of mental pain. But, how do you get over that mental block?

Everyone shares how they tackle procrastination, a few ways mentioned are:

  • Outsourcing the things you can
  • Theming
  • Have a daily game plan

Listen in for all the details!

When you're procrastinating from something you know you're probably going down the path that ultimately you should be going down. It’s a clue that, hey, here's some work that you should be doing. -Scott

Noteworthy resources mentioned:

YouTube video, How The Economic Machine Works and the book, Principles: Life and Work by Ray Dalio.

The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage by Mel Robbins.

TIP OF THE WEEK

Mark:  Check out, RocketBook—Notebooks of the future. You write on it like you would in a notebook but then you take a picture with the app and it uploads it into the Cloud, or email, Evernote, Dropbox, or Google Drive. It can even transcribe for you.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 16, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Jennifer Beadles—REIMillionaire.com.

She’s done it all when it comes to real estate! Jennifer, who’s both a realtor and investor, learned the ropes through a land developer and her passion grew from there. She learned everything that goes into building homes, plus rehabs, rentals, financing, and budgeting!

Through hard work and saving, Jennifer bought her first property at age 21 to turn into an investment property… great idea but at the wrong time during the onset of the crash in 2007. And while that one didn’t work out the way she planned, she continued her journey with real estate investing and now mainly focuses on value-add properties.

Jennifer proves to be an overachiever as she has also created 22 different income streams in seven years—from hard money lending to cryptocurrency.

Join us as Jennifer walks us through her incredible journey, including:

  • Creating income streams
  • Her favorite income stream
  • Her best investment
  • Opportunity today

And, so much more! Plus, what misconception do people have about house flipping that is portrayed on TV?

Listen in for all the details!

TIP OF THE WEEK

Mark: Watch the video, How the Economic Machine Works

Learn more about Jennifer and her 1.2 million income streams at REIMillionaire.com. It’s a plethora of knowledge and information.

Scott:  Check out DreamyPixel.com. If you enter your email address to their lead magnet, you’re going to get access to a boatload of beautiful, free landscape images that you can use in your deals of the week, your ads, maybe for your website.

Jennifer: Watch “The Big Short” either for the first time or re-watch it. It’s a phenomenal reminder.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 14, 2018

In today’s episode of The Art of Passive Income—Round Table edition, after a month-long hiatus, Mark is back along with the antics! Joining him is a full panel of geeks, including:

  • Aaron Williams
  • Jeannie Morem
  • Erik “The Technician” Peterson
  • Mimi Schmidt
  • Mike Zaino
  • Tate Litchfield
  • Scott Todd

First up for discussion—Bootcamp Takeaways. Everyone shares their biggest takeaways and nuggets from Scottsdale, including a big nugget that Scott gave away in the VIP room which had almost immediate successful results!

Also, Erik shares a story about his Mom which prompts Mark to deliver her a formal apology. And, the apologies didn't stop there, he also apologizes to Scott… and to Tate... and to Aaron... It was discussed to name this episode “the apology tour”. 

The last topic up for discussion—The Sell Slump of August. The panel all offers advice on how to sail through August without hitting the dips.

TIP OF THE WEEK

Mike: Watch Ray Dalio's video on Youtube, Principles For Success. It's a, knock it out of the park!

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 9, 2018

Want to know the secret to happiness and fulfillment? It’s the ability to make good decisions that lead us to attain our goals. Our guest on The Art of Passive Income Podcast today is in the business of Decision Makeovers. Mike Whitaker—MikeWhitaker.com talks with Mark and Scott about making the right decisions that will help you become successful and happy.

Success is not money. Success is our own personal definition that’s a balance of all the things we feel are important—the things that we want to feel, experience, enjoy, and challenge ourselves with. It’s a balance of regard and essentially a feeling of your accomplishment in life.

Mike is a lifelong and successful entrepreneur and an expert on personal and professional decision-making, turnarounds, and strategic planning. He is a no-nonsense business coach as well as a speaker on topics that involve critical thinking about the future, offering unique perspectives and world-class solutions to help people achieve their goals by determining what their definition of success is, then breaking down the goals that will get them there.

Mike goes over the process of identifying the decisions you need to be facing by identifying your five prime goals and then picking your number one most important goal from those five...that goal will make you advance. All the decisions you make need to support that goal until it is reached. Then pick another number one goal from the remaining and do it again, replenishing that list as often as needed.

The folks that actually own and take control over their decisions really do have more power about how their lives turn out.

A question he gets asked often is, “How do successful people make good decisions?” Mike explains that there are three things they do, and that is:

  • Keep their goals in mind
  • “Fail fast”
  • or they “Fix fast”

Listen in as Mike explains what his terms Fail Fast and Fix Fast mean, plus we talk about his book, The Decision Makeover: An Intentional Approach to Living the Life You Want—It's about getting you to understand the power of decisions, the size of decisions, the decision zones in your life and then how to avoid making bad decisions.

Are you ready to learn how to achieve success and happiness? It’s your decision…

TIP OF THE WEEK

Mark: Learn more about Mike by going to his website at MikeWhitaker.com.

Scott:  Check out the Chrome plugin called Gmail Screenshot. Take a screenshot, annotate it, and send it directly from Gmail

Mike: You’ve got a decision that you’ve been dancing around that you’ve not wanted to address. The fact that you haven’t dealt with it, it's baggage. Once you take care of it, it’s going to feel really good. So, the decision makeover starts here with you identifying what your options are to fail fast or fix fast. Do that and then move forward confidently; know that you made the second best decision you could make.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 7, 2018

In this week’s Round Table podcast—The Best Of series, we go over the elements that make a successful land business.

The basis for land investing is simple, you BUY land, you MARKET land, you SELL land. A simple model that when backed with hard work and grit lays a solid foundation to support the systems! 

In this final installment of the Best Of series, we are putting all of the focus on buying, selling, and marketing—The fundamental elements of a successful business, including the county research and why it’s important to do this task yourself.

“I don’t think County research ever ends. I think you always are researching and part of being a good investor is keeping an eye on what’s going on in the industry and in the market. If all of a sudden we start to see a shift or a huge demand in a new area, before I go and dump a bunch of money there I'm going to know what my research tells me.” -Tate

Also, when should you outsource sales? Sales are a huge suck factor for a lot of people and are something they want to get that off their plate right away. But is it a good idea to outsource that first?

Listen in as we go deep into the foundational steps to building a solid business!

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Aug 2, 2018

In today’s episode of The Art of Passive Income, Scott is hosting the podcast solo and he talks with Mitch Stephen—1000Houses.com. Mitch buys houses with other people's money then sells them with owner financing, creating a positive cash flow stream without the headache of being a landlord.

A lot like the land niche except with a house on the property, Mitch dives straight into a case study and why it makes sense to buy low and sell the house AS IS under owner finance terms as opposed to renting or fixing and flipping.

Listen in as Mitch breaks down his formula of backing into the rent to find the owner finance sales price. Mitch says that the basic core belief of the owner finance system in his strategy is that a person would rather pay a $1000 to own than $1000 to rent, and he figures out how to make that happen. By making it affordable and offering owner finance he is giving an opportunity to those who normally wouldn’t be able to buy a home, let alone qualify for one with the traditional banking system.

Mitch also delves into:

  • Finding private money
  • Types of properties he looks for
  • Finding the deals
  • The best states to buy in
  • Competition

Mitch's strategy is to buy houses with other people's money, so why does he say to “stop asking people for money!”

Find out his no ask approach to raising private money and so much more!

This podcast is packed full of so much value, it may have put a little twinkle in Scott’s eye.

Mitch’s books:

And, he also hosts the Real Estate Investor Summit Podcast with 25,000 downloads a month!

TIP OF THE WEEK

Scott: Learn more about Mitch at 1000Houses.com. Take his tip, which is to listen to episode 3 podcast and figure out how to raise money. Don’t let money stand in the way of achieving your goals and dreams. Figure out how to leverage it."

Mitch: Watch episode #3 of the REInvestorSummit.com podcast. It will help you raise money that will make you money.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jul 31, 2018

For the month of July, we will be presenting The Best Of Round Table on The Art of Passive Income Podcast. Each week we will be featuring segments that we’ve received a lot of feedback on. Topics that have made an impact on you or your business. So sit back, relax and enjoy the best of the best!

This week’s theme: BOOTCAMP

With Scottsdale Bootcamp coming up on the first weekend in August, we wanted to dedicate this last Best of Round Table to the magic of Bootcamp. So, enjoy these segments we put together for you on Bootcamp Magic and the biggest takeaways. You may even get a chuckle over the antics or pick up a nugget or two!

Listen in now...

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Jul 26, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Matt Miller, SSVBusiness.com—a vending machine franchise, with a twist.

Matt spent the first nine years of his career as an Air Force pilot before entering the corporate world to work at both Abbott Laboratories and Valassis. Despite being a top performer for both companies, his long-term desire was to start a business and be his own boss.

Then, a conversation Matt had with a friend about gumball machine vending inspired him to invest in his own machines. Starting with candy and gumball machines, Matt soon became frustrated with the market downturn of ’07 and ’08 because there weren’t as many people frequenting his regular vending locations… then a knock came at his door. Local kids were selling merchandise for their school fundraiser and Matt thought there had to be a better way for these kids to raise money than knocking on the doors of strangers. That’s when School Spirit Vending was born — customized school stickers machines, placed in schools and part of the proceeds go back to the school’s fundraising campaigns.

Matt has taken vending beyond the gumball machine and has brought School Spirit Vending to the cutting edge of both the vending and school fundraising industries by combining these two ventures into one, then took it to the next level by franchising it. With franchises across the country, they are raising millions for the schools they serve.

“I had 75 schools myself before I walked away from my full-time advertising career. I was working about five days a month to make an income that was in excess by several times what my full-time career income was.”

Join us as Matt walks us through his business model, both on the vending and franchise sides. He delves deep into:

  • Profit margins
  • Placement
  • Maintenance
  • Start-up costs

And, are the challenges in this business?

Matt explains that the hardest part is the learning curve in the first few months. Everybody that joins the team with no vending machine background has to learn the vending part along with how to work in the school’s environment.

Plus, find out everything you need to know to get started in his franchise.

Is Matt’s model a good source of passive income? Matt shows us some pretty impressive margins that suggest that it might be.

Matt has a special offer for our listeners. His course—Vending Secrets To Passive Income can be accessed at VendingSecrets.net and with coupon code: bestpassiveincome is available for only $97!

Listen in now to learn more about Matt and his company!

TIP OF THE WEEK

Mark: Learn more about Matt by going to his websites at SSVBusiness.com/BestPassiveIncome and VendingSecrets.net.

Scott: Check out the Google Chrome extension Meetingbird at MeetingBird.com/Chrome.

Matt:  Read the book, DotCom Secrets: The Underground Playbook for Growing Your Company by Russell Brunson. Also, check out my e-book, Live your Dreams: Top 10 Reasons Why You Need to Start a Vending Business.

Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

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