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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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Now displaying: 2018
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?

Jul 24, 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: TIME.

Listen in as we tackle the artificial deadlines we put on ourselves in this business. By comparing your progress with someone else’s, you’re just adding unnecessary pressure on yourself which affects your ability to focus and make progress.

We feature segments that will help you manage expectations, avoid the time-suck of overthinking it, and why it’s crucial and time-saving to follow the proven systems.

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

Jul 19, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with, Dawn Marrs of MarrsMarketing.comspecializing in helping entrepreneurs automate their businesses.  

When it comes to automation, Dawn’s philosophy is to automate everything you possibly can! If there’s a task you find yourself doing repetitively in your business, chances are there is a way to automate it.

Listen in as we swap geeky tools of automation with Dawn and find out which task Mark hasn’t automated yet that could be generating him more sales.

Also, find out how Dawn started her marketing business and what automation piece made her different than everyone else, along with:

  • The worst advice she has seen given in the marketing automation world
  • Her advice for setting up automation for those who are still in the business learning curve and feeling overwhelmed
  • Dealing with that ever-so-tempting new app shiny object syndrome
  • The advice she would give to her newbie self when first starting out
  • One thing would she would like to change or improve in her business

Plus, find out what we shouldn’t be automating!

Dawn shares so much great advice and knowledge with us today, that it warms the cockles of our geeky automated hearts!

TIP OF THE WEEK

Mark: Learn more about Dawn by going to her website at MarrsMarketing.com.

Scott: Check out the app Gfeed.co. It turns Gmail into a social feed and helps you cruise through your email faster.

Dawn: 

  1. Invest in Ontraport.com.
  2. Get a 45-day follow up series in place.
  3. Always leave your audience on a cliffhanger.
  4. Have a cart abandonment system.
  5. Read the book, Work the System: The Simple Mechanics of Making More and Working Less by Sam Carpenter.

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

Jul 17, 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: MENTAL BARRIERS.

Listen in as we tackle fears that we face in this business. Whether you’re a newbie or seasoned pro, we all have them, it’s how you deal with them that determines your progress and growth.

We look back at segments that will help you tackle those common fears and barriers holding you back so you can move forward, execute and continue to grow your business with confidence!

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

Jul 12, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with Jeremy Roll—an active real estate and business investor for over 15 years. Jeremy is currently an investor in more than 70 opportunities across over $500 million worth of real estate and business assets.

As Founder and President of Roll Investment Group, Jeremy manages a group of over 1000 investors in the US and Canada who seek passive managed investment solutions from real estate and businesses.

Jeremy also co-founded For Investors By Investors (FIBI)—a nonprofit organization in 2007 with the goal of networking with, learning from, and helping other investors. FIBI is now the largest group of public real estate investor's with over 23,000 members. Jeremy is a licensed California real estate broker for investment purposes only, has an MBA from The Wharton School, and is an advisor for Realty Mogul the largest real estate crowdfunding website in the US.

Between anticipating the economic downturn and not seeing eye-to-eye with management at the large company he worked for, Jeremy left the corporate world in 2007 to pursue passive cash flow investing full time which was a big step for a low-risk taker who is all about predictability! But, because he had spent the previous several years moving his money from stocks and bonds after the dotcom crash into passive cash flow, he had built up enough passive cash flow to live off of.

Jeremy’s focus is on low-risk, highly stabilized passive cash flow opportunities. He does not believe in putting all of his eggs in one basket and invests across multiple asset classes, including:

  • Commercial and residential real estate
  • ATM machines
  • Cash flowing websites
  • Startups

Listen in as Jeremy shares his philosophy behind predictable cash flow, why he invests in syndications, and why his diversification is across these three components:

  • Asset-Class
  • Geography
  • Operator

Find out why each is critical when choosing an investment.

Plus, find out the worst advice he has seen given in his area of expertise, and his best or most worthwhile investment.

TIP OF THE WEEK

Mark: Email Jeremy at jroll@rollinvestments.com. Get the details of how Jeremy does what he does.

Scott:  Read the book, Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong by Eric Barker. It challenges the conventional wisdom that you think you know and puts it to the test and is balanced back with science.

Jeremy: 

  1. Read the books, Rich Dad Poor Dad and Cash Flow Quadrant both written by Robert Kiyosaki. It is recommended to read them in that order. For those who are new to investing or new to general passive cash flow investing or just looking for a change of mindset over the stock market, these are two books to frame a change of mindset.
  2. ScheduleOnce - an online scheduler; they sink into your calendar real time, you’re able to allocate certain times automatically to them, and it saves a tremendous amount of time.

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

Jul 10, 2018

In today’s episode of The Art of Passive Income—The Best of Round Table edition, we look back at a couple segments that will help you grow your land business at a consistent and steady pace.

Sustainable Growth and Underestimating Effort takes you to both ends of the spectrum to show you how growing too fast can lead to bottlenecks and burnouts. And, how underestimating effort but expecting big results can lead to big disappointments and can also lead to quitting before you even get started!

Also featured, a segment on newbie pricing mistakes and how to avoid leading with the wrong price.

We also threw in a little bonus material for laughs. Listen in as Mark and Scott battle it out over the Tip of the Week!

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

Jul 5, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with John Lim—BeMovingForward.com.

John drops the mic academically with a BA from The University of Pennsylvania, his JD from Georgetown Law, and an MBA from The Johns Hopkins University.

In addition, John was a former actor for television and film and is known for his role as Young Lt. Cmdr Sulu, in Star Trek: World and Enough and Time… Now that’s GEEKY!

John started off practicing law but couldn’t see himself dotting the I’s and crossing the T’s for the next 50 years so he then went to work with a Fortune 500 company for over a decade. After surviving a 40% cut in his company, John got his MBA and decided to test drive his new business degree on the advice of a professor. So he left the corporate world behind and is now a successful entrepreneur who specializes in public speaking, he's a TEDx speaker and social digital media marketing expert for small businesses. He is also the host of the podcast series, Moving Forward.  

Listen in as John and Scott compare notes about the circumstances that led them to leave the corporate world for a better life. Could it be that Scott found his Doppelganger?

Plus, John shares:

  • The best advice his dad, a serial entrepreneur, gave him since starting his entrepreneurial journey
  • The worst thing he’s seen people do in the field of digital marketing
  • The one thing he would most like to change about himself

And so much more!

TIP OF THE WEEK

Mark: Learn more about John by going to his website at BeMovingForward.com.

Scott: Check out the book, Intimate Behavior by Desmond Moore and learn more about the 12 stages of intimacy.

John:

  1. Update your website to an SSL protocol.
  2. Check out Snip.ly to add a call-to-action to every link you share.

Also Johns book recommendation—Jab, Jab, Jab, Right Hook by Gary Vaynerchuk.

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

Jul 3, 2018

In today’s episode of The Art of Passive Income—Round Table edition, Tate Lichfield is sitting in for Mark and joining him are:

  • Mimi Schmidt
  • Erik Peterson

Mimi kicks it off with a concern she hears often and that is summer slowdown on the buy side. We hear about the slowdown on the sell side often, but slowing down on the intake side can also be very concerning.

Listen in as Tate, Mimi, and Erik share their thoughts on why business tends to slow when the weather heats up and what you can do to neutralize the situation so you don’t run low on inventory.

Also, find out the best strategy when getting priced out of a market.

“The people that get into issues are the ones that overpay for a property, then they get desperate and that’s when you lose control of the deal.” -Tate

And the trio also go over some recent, and not so recent deals that make you go, “WOW!

While we have a modest group today, this episode does not lack in value!

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

Jun 28, 2018

In today’s episode of The Art of Passive Income, Mark and Scott talk with The Dream Business Coach, Jim Palmer—GetJimPalmer.com.

Jim has a long list of attributes, including:

  • A marketing and business building expert and in-demand coach.
  • The founder of the Dream Business Academy and Dream Business Coaching and Mastermind Program.
  • The host of Business Coach TV—a hit weekly web TV show watched by thousands of entrepreneurs and small business owners.
  • The host of Dream Business Radio—a weekly podcast based on Jim’s unique brand of smart marketing and building business strategies.
  • Known internationally as 'The Dream Business Coach' and creator of No Hassle Newsletters, the ultimate 'done-for-you' newsletter marketing program.

In addition, he’s the author of seven books, the seventh in which we are going to talk about today is called, Just Say Yes: Create Your Dream Business and Live Your Dream Lifestyle.

Are the what-if’s holding you back from doing the things you really want to be doing? Well, what if you can create the lifestyle you want by just saying yes? You can and that is what changed Jim and his wife Stephanie's life.

Jim’s Dream business allows him to do business anywhere, so why not on a boat!?  

Join us as Jim shares how he and his wife created the lifestyle of their dreams, living life on a boat on one big adventure!  

Are there things they had to give up?

Jim explains that there are certain trade-offs they had to get used to, but the benefits of waking up on a boat every morning and watching the sun rising over the water make it all worth it!

Jim gives great advice for living without regret—You can't change the beginning of your life, but starting today, you can change the ending. It’s a quote from a video he saw about people who were close to death and asked what their regrets were. Most weren't regretful of things they did, but rather of the things they didn’t do.

This episode is full of inspiration and motivation that will have you wanting to live on a boat before it’s over… or following your dreams no matter what they are.

If the liveaboard lifestyle appeals to you, check out Jim and Stephanie's blog at OurFloatingHome.com.

Jim tells us that the deciding factor for them to leave their safe and predictable life behind was a great quote that Stephanie received in her email—You are not created to arrive at heaven’s door in a well-preserved body. You are meant to skid in sideways in a big pile of dust, with a smile on your face and say, “Wow, what a ride.”

What ride are you going to say yes to next?

TIP OF THE WEEK

Mark: When you're procrastinating or having a hard time starting, just do the metacognition hack, "5, 4, 3, 2, 1, go and do it." 

Also, learn more about Jim by going to his website at GetJimPalmer.com.

Scott:  When you have voices in your head talking you out of great things, simply make two lists:

The What-Ifs—These are things that could go wrong or you feel like are bad.
The Containment Plan—This is what do you do to offset the what-ifs.

Jim: Get a copy of my book, Just Say Yes: Create a Dream Business and Live Your Dream Lifestyle at JustSayYesBook.com.

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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