Why You Need To Diversify Your Revenue Stream

On this week’s episode of The Art of Passive Income, Mark and Scott welcome best-selling author and fractional CFO Ken Wentworth from mrbizsolutions.com to the show.

Ken Wentworth is a best-selling author, public speaker, cash flow pro, 6-time World Record Holder, fractional CFO, and B2B Radio host. He has been advising businesses for more than twenty years across the financial services industry. Leveraging extensive experience with financial management, business development and operations, he has advised businesses from Fortune 15 companies to startups on how to establish a solid financial path. 

Ken’s level of expertise includes revenue generation, financial excellence, strategic direction, operational efficiency, change management, and risk management. He is passionate about sharing his strategies that yielded consistent results for his clients. 

Listen in as they discuss:

• Who is a fractional CFO
• Diversifying revenue streams
• Creating passive income
• Assessing your business margins

And, more!

Ken also shares some of the worst advice he has seen or heard given in his area of expertise.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Mr. Biz at mrbizsolutions.com, learn more about being a fractional CFO, and how it can help small businesses. He’s got a lot of content: live streams, articles, books. Get smarter!

Scott: There’s this guy Ian Ray, he created this website called tvcharts.ianray.com; when you go there you can type in any show and it will show you by series and by episodes for the show.

Ken: My tip is to take action, progress not perfection. Very important. The way I illustrate that is, and try to make this humorous, so people remember it and I say the road is riddled with a lot of flat squirrels who couldn’t make a decision. Are you going to cross the road or are you coming back? Which one are you doing, commit to it, and make it happen. You got to take action and don’t be a flat squirrel.

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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On this week’s round table episode, the Land Geeks discuss how their VAs are paid for marketing their properties on various platforms.

Joining Mark this week are:

• Scott Bossman
• Mike Zaino
• Teria Harris
• Erik Peterson
• Tate Litchfield
• Scott Todd

Listen in as they go around the table and discuss how much they paying their VAs to post on Facebook, Craigslist, and other marketing platforms. They also discuss the strategies they use for posting ads per unique APN in a geographical area.

TIP OF THE WEEK

Teria: My tip is pretty basic and it’s kind of one of the Land Geek’s staple, it’s what we first heard when we got the Bootcamp and we held on to it, it’s Remember Your Why. There were times in our business where things are going really well and things aren’t going well and it’s when those moments where we’re really frustrated, there were times we really thought this is not going to work, we’re going to give up. But we always went back to our WHY: Why did we get into this, what’s the purpose of it, what are we going to get out of it? That was our driving force, so REMEMBER YOUR WHY.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

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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On this week’s episode of The Art of Passive Income, Mark and Scott welcome real estate investor and entrepreneur Gary Boomershine from RealEstateInvestor.com to the show.

Gary Boomershine got into real estate full time in 2004. He founded RealEstateInvestor.com in 2005 out of the need to scale and grow his own real estate investing and home buying business. With a family legacy in the real estate niche and a long successful career in enterprise and emerging technology markets, Gary saw the vision for RealEstateInvestor.com. He noticed the glaring opportunity to leverage people, processes, and technology to gain a leg up in a changing and competitive marketplace. Under his leadership, his business has launched a technology revolution within the real estate niche; offering an alternative to the MLS (Multiple Listing Service) by bringing pre-screened motivated sellers and buyers face to face at the right time. 

As he worked to develop and use the initial product and service, he saw his real estate business flourish by allowing him to work smarter and not harder. By doing that he is able to focus on the one thing that makes money which involves talking to sellers and making offers. Gary currently resides in Northern California with his wife and two daughters where he continues to be a visionary for RealEstateInvestor.com. He is actively involved in real estate investing and private lending. 

Listen in as they discuss:

• Gary’s journey to where he is at now.
• Building or implementing systems that work for your business.
• Delegating work to people who will add value to your business.
• Why are people resistant?
• The concept of getting a return on your investment and time.
• The concept of opportunity cost.
• The fastest and easiest way for businesses to make offers and close sales.

And, more!

If you are doing a ten dollar an hour work, you’re going to have a ten dollar bank account.

Gary Boomershine

TIP OF THE WEEK

Mark: My tip of the week is going to make you millions of dollars for your lifetime, but again, it’s leverage points. Luckily, Gary Boomershine can help you just go to realestateinvestor.com and learn more.

Scott: Check out find-your-next-startups-name.now.sh, your next startup is going to be simple and furb.

Gary: These changed my life. First, in anything that I want to excel at I get a coach. The second thing is Masterminds, being around like-minded, sharp, and sharper-than-me people has been a life-changer. The third is the book Traction by Gino Wickman Model. They have an operating Model called EOS, it’s been a life-changer.

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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On this week’s episode of The Art of Passive Income, Mark and Scott welcome business coach, podcaster, and author Mike Simmons to the show.

Mike Simmons wasn’t born into an entrepreneurial family, however, real estate investing became his fascination in 2003, and from then, has gained knowledge and experiences which have made him a wealth of knowledge for budding entrepreneurs worldwide. Today, he is a speaker, podcaster, business coach, and author. He has been in real estate since 2008 and has flipped houses, bought rentals, and wholesaled hundreds of deals. Since then, he has grown his business tremendously which is detailed in his book, Level Jumping, which is available on Amazon.

He is the producer and host of the popular podcast Just Start Real Estate where he interviews inspiring investors who share tips and strategies for growing an investment-based business.  He is also a partner in 7 Figure Flipping which is one of the nation’s largest real estate mastermind groups. 

Listen in as they discuss:

• How Mike got started and how he took his business to where it is today.
• Doubling down on your strengths as opposed to your weaknesses.
• The wholesaling method.
• What does it take to scale a business?
• When is the best time to scale your business?

And, more!

TIP OF THE WEEK

Mark: My tip of the week is going to help make you wealthy. Learn more just go to mikesimmons.com, check out the book Level Jumping, check out their Podcast, and listen to my talk with the other people to inspire you.

Scott: Check out this Chrome Plug-In called Tab Save, you can look it out in Chrome Store. What it does is when you tap it will easily save all of your open tabs right to a file. You won’t lose them.

Mike: My tip is a book, I think, it’s an important one because if you ask me to “boil down what you did to scale or like key things”: number one was hiring and number two was creating systems and processes, and running my business in a systematic way. The name of the book is Traction by Gino Wickman.  It’s a short and easy read; and they call it EOS (Entrepreneurial Operating System). It’s a simple method of running your business like a 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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On this week’s round table episode, the Land Geeks discuss all you need to know about producing an effective deal of the week.

Joining Mark this week are:

• Scott Bossman
• Mike Zaino
• Teria Harris
• Erik Peterson
• Tate Litchfield
• Scott Todd

Listen in as they go around the room and discuss ways to evaluate the effectiveness of your deal of the week. They also give advice and tips to compose a good deal of the week while sharing the approach they take to construct and manage their weekly deal of the week.

TIP OF THE WEEK

Scott Bossman: There are two tips. One is fun and one practical. The practical one is everybody is always worried about water. What’s the water table like? Your buyers are worried about water, new land investors are worried about water. I’m not so much worried about water anymore but it was one of my initial worries. There is a website you can use nwis.waterdata.usgs.gov. You can search by county and area and really zoom in and see what maybe what the water table is like in a particular area. You can see how deep a well is dug in a particular area you work in.

This is my fun tip of the week. Being that I work at home now, I have more time to read, listen to music, whatever. I would highly recommend listening to the 500 greatest albums of all time on rollingstone.com. It’s been very cool. I went through the first hundred albums last year and I’m finding some new favorites. So for those of you working at home and trying to pass the covid time, I recommend going through the list. 

Are you ready to learn more about land investing? Just click HERE to schedule a call.

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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On this week’s episode of The Art of Passive Income, Mark and Scott welcome co-author and founder of real-estate-101.com, Peter Conti to the show.

Peter Conti is the founder of Realty-Estate-101, an internet training program that provides straightforward step-by-step guidance for commercial real estate investors. He’s the co-author of Commercial Real Estate For Dummies and currently lives in beautiful Chesapeake Bay in Annapolis, Maryland. Peter Conti went from an auto mechanic to a self-made millionaire in 3.5 years by using his creative methods to profit from both residential and commercial real estate.

Peter’s innovative investing strategies have made it possible for thousands of people all across the world to make the transition into the exciting world of commercial real estate. He currently encourages and guides people who want to profit from real estate but who have limited time to find or manage real estate deals. He is also focusing on commercial lease options which involve acquiring commercial property using owner carry and commercial master lease terms combined with an assignment contract to create sizable up-front paydays.

Listen in as they discuss:

• The commercial real estate model
• Financing component of commercial real estate
• The lease option method
• Risk factors associated with commercial real estate

And, more!

TIP OF THE WEEK

Mark: My tip of the week is the best tip of the week, Peter has been kind and generous enough to offer us a free book. Just go to petersfreebook.com, read the book and start learning about these options and how you can profit from it.

Scott: Check out this website called Elocance. What it does is it takes your reading list, it turns whatever you want to read into a podcast like an audio version of it.

Peter: One of the skills that I teach my students and has been very helpful to me in my 30 years of investing is being able to create a connection either with brokers or property owners, to quickly create rapport. There’s a book available called Instant Rapport by Michael Brooks, I believe it’s still available on Amazon. Great little study guide on how to get up speed on creating rapport quickly. The other thing is, right now is an amazing time to get going investing in Real Estate whether in commercial properties or investing in land. Let’s face it when you’re in quarantine and you’re home you got a lot of time to focus on something new. People right now are at home and available to answer emails and phone, it’s easy to get hold of people. Get out there, pick a strategy or method of teacher and start taking some steps.

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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On this week’s round table episode, the Land Geeks discuss reasons why you should go to the Land Geek Bootcamp.

Joining Mark this week are:

• Scott Bossman
• Erik Peterson
• Mike Zaino
• Teria Harris
• Tate Litchfield
• Scott Todd

Listen in as they go around the table and share several reasons why the Land Geek Bootcamp is the place to be on January 22nd-24th, 2021. The Land Geeks and many other like-minded people in the business will be present sharing their stories, experiences, providing advice, and more. This up-coming Bootcamp is one you can’t afford to miss. 

TIP OF THE WEEK

Teria: I have several coaching clients that I have been in communication with and they’re all asking about pictures of their properties and marketing like how do I market my properties if I don’t have pictures, and what pictures can I use, and how expensive they are. So there is a website called unsplash.com, and this website allows you to go in and search for specific pictures: land pictures. And you can utilize these pictures for free to market your properties.

Are you ready to learn more about land investing? Just click HERE to schedule a call.

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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On this week’s episode of The Art of Passive Income, Mark and Scott welcome podcast host and wealth advisor Jonathan Krueger from LionsGateAdvisors.com to the show.

Jonathan Krueger is the co-founder of LionsGate Advisors and the host of Living a Richer Life by Design. Since the year 2000, he has invested in the personal finance industry and has held several executive management positions throughout his career. Jonathan takes pride in guiding his clients to make informed decisions, avoid costly mistakes, lower their taxes, increase estate size and find money falling through the cracks. Jonathan attributes his success to the high priority he places on being a good steward of the assets entrusted to his care.

 As a business owner, Jonathan understands the importance of combining the concept, effort, and process of succession planning for business owners into a clear, simple strategy. He collaborates to build a business that is highly valuable and transferable through strong human, structural, customer, and social capital.

Listen in as they discuss:

• Wealth management
• How to live a richer lifestyle design
• Knowledge transfer components
• How to navigate and help people with difficult conversations
• Human capital versus intellectual capital
• Worst advice heard or seen given in wealth management

Jonathan also shares his perspective on what he believes success is and more.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Jonathan Krueger and how he can make you even wealthier, go to lionsgateadvisors.com and check out the Podcast Living A Richer Life By Design.

Scott: Check out donut.app; go there, connect your bank account and look for a spare change and buy a bitcoin.

Jonathan: There are three things: One, most wealth is accumulated through Real Estate or Passive Real Estate; another is looking out for alternative investments with waste stage venture capital and another is an actual life insurance. Those are the ways to create wealth. Second, if you running a business, Mike Michalowicz’s book The Profit First. It helps us navigate change in economic cycles. Third, David McKnight wrote a book called The Power of Zero, it’s more of the IOUs that are pushed out especially that we have a country that pays for it. If you haven’t read the book I highly recommended it.

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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On this week’s round table episode, the Land Geeks welcome our new Land Geek coach, Teria Harris to the family.

Joining Mark this week are:

• Scott Bossman
• Erik Peterson
• Tate Litchfield
• Scott Todd

…and our new coach, Teria Harris!

Listen in as they go around the table and ask Teria a series of questions that prompt her to share with us her story before becoming a land investor, her reason for getting in the business, and some of her early experiences. She also shares with us the skillset that qualifies her as a good coach and what she’ll use to coach her students.

TIP OF THE WEEK

Mark: Read the book, “The Biggest Bluff” by Maria Konnikova. The metaphor that she makes for learning how to play Poker and how it translates into life is phenomenal. Poker is a beautiful analogy to life. 

Are you ready to learn more about land investing? Just click HERE to schedule a call.

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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