The Art of Passive Income

Growing pains are an inevitable part of any business, land investing included. You hit a plateau and growth halts until you make the necessary expenses to get your business climbing upward once again.

Join Mark and team geek:

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

…as they tackle the entrepreneurial dilemma of Growing Pains.

Mimi, who is facing this dilemma now, shares her hesitancy towards spending the extra money for processes that she’s gotten by without until now. Processes and services that include:

• Switching to paid services
• Setting up the website to collect down payments
• Increase mailings
• New marketing platforms

Mimi knows she needs to spend the money in order to get her business moving forward again, but the money sure looks good in her bank account each month.

If it helps me become more productive or efficient, then hire the intake manager, pay for the extra marketing platform, send out more offers—do whatever you need to do to increase your quality of life. Because if your quality of life is good, your business will be good.

Tate

Listen in as team geek help Mimi decide if raising certain expenses is the right move for her business growth.

TIP OF THE WEEK

Mimi: For those who have property near the water, check out the FEMA Flood Zone GIS Map. You can put the address in there without a house number, and see where the flood zone is.

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

In today’s episode of The Art of Passive Income, Mark and Scott talk with Hunter Thompson—Cash Flow Connections.

Cash Flow Connections is a real estate consulting firm that helps clients invest outside of the stock market in turnkey real estate investments. They specialize in assisting clients who are sick and tired of the headaches and uncertainty of the stock market and have a desire for a more stable approach to achieving their financial goals. Cash Flow Connections helps investors to turn their portfolio from a speculative gamble into a secure and reliable cash flow machine.

Hunter starts us off with an interesting story about his Grandfather who made and lost hundreds of millions of dollars in the cotton industry. It’s the first time he’s told this story publicly and it’s a story that comes with a valuable lesson in over-leveraging.

The music stopped, everything was called due, everything basically was eliminated and the business shut down. This resulted in business bankruptcy, personal bankruptcy, he had personally guaranteed loans, complete financial catastrophe and you know. I just what to clarify, I’m talking about going from hundreds of millions of dollars in revenue to zero.

Hunter took the lessons that he learned from that catastrophic event as a motivator, and that ultimately led him down the path to real estate. 

I realized that it’s not necessary to expose yourself to those type of risks in order to achieve financial freedom.

Listen in as we delve into:

• Recession resistant assets
• What an investor should look for in a crowded turnkey real estate market
• The top ingredients for making the perfect management stew

Hunter also shares the worst advice he has seen given in his area of expertise, and so much more!

Today’s podcast offers a lot of great real estate advice and will have you looking at investments behind a whole new lens!

TIP OF THE WEEK

Mark: Learn more about Hunter Thompson at CashFlowConnections.com.

Scott:  Check out MuteInter.com—a Chrome plug-in that makes that annoying sound on intercom go away.

Hunter:  Really cognitively challenging tasks are important to do in the morning, the earlier the better. Two books that help make that clear are, Deep Work by Cal Newport and The Miracle Mornings for Entrepreneurs by Hal Elrod.

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

One of the many advantages of this business is that you can do it from anywhere… even while snowboarding the slopes in Colorado.

As was the case for Erik Peterson who shares details of the trip, his business, and the slope deal with an impressive ROI! How did his business hold up while he was away? Was he able to be present and enjoy his time away?

In this week’s Round Table, join Mark and team geek:

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

…as they dig deep into snowboarding versus skiing!

They also discuss the academy awards, The Bachelor, and more! How does this all relate to the land business? We can stretch and say:

• Lessons in productivity
• Building customer rapport
• The typical land customer’s TV viewing habits

But mostly, it just a team of geeks having a fun conversation!

Listen in to the FUN, as the group covers the perils of snowboarding and the time suck of the Oscars.

And, be sure stick around for the bonus content that Scott Todd wanted us to edit out, but unfortunately our edit button is broken… sorry Scott Todd.  #LetsLoveOnScottBossman #EmbraceTheSilly

Mimi: Check out Colorado Hunting Atlas—a GIS map that shows what game is in the area of your property. Great for your marketing piece.

Can your land business hold up if you need to step away from it?

This business model is all about setting up the systems that will allow you to earn passive income so you can live a life beyond the business. And, with Tate just returning from a week in Hawaii, we thought it would be a good topic to explore in this week’s Round Table.

Joining Mark are:

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

Any Profit Beats No Profit

Aaron starts us off with a case study that the team geek all weigh in on. It’s a situation that raises the conversations of:

• Listening to the market
• Tire kickers

What Does Unplugging Look Like In This Business?

Tate shares how he prepared to getaway from his business, if he was able to go MIA 100%, and how his systems held up while he was gone. Did he uncover any hidden bottlenecks?

For the most part, I spent my time on the beach running around, chasing fish, watching sunsets and just enjoying myself. That is what this passive lifestyle affords.

Even when you have the systems in place and your business is fully sustainable, is it possible to completely disconnect and live in the moment or will you always be compelled to check email or check on the business?

Find out what team geek thinks.

Plus, find the details of the all NEW Flight School LIVE!

TIP OF THE WEEK

Mimi: Check out AreaVibes.com and NeighborhoodScout.com to check the crime in your areas.

With AreaVibes.com, you can compare the crimes of one county with another.

With NeighborhoodScout.com, you could actually look at it like a heat map and it shows your property and how safe it is.  If you search for a little town and don’t get anything, just go to the biggest town to give you information. There is also other information, besides crime.

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

What is the best plan of attack when it comes to keeping up the health of your land business?

Do you stretch it out over a week’s time, being consistent in showing up every day?

Or, do you only work only a few days a week but hit it hard in those few days?

Join Mark and the panel of geeks as they take on consistency vs. batch working in this week’s Round Table.

This week’s panel includes:

• Scott Bossman
• Aaron Williams
• Erik Peterson
• Mimi Schmidt
• Mike Zaino
• Scott Todd

Listen in as everyone shares their routines and what they find to be the most productive. They offer great advice and make really good points that will give you a lot to think about when it comes to showing up in your own business.

We talk about building this model in land investing, but then what? None of us just sit back and do nothing. All of us look for ways to implement deeper. Land investing can go in so many different directions and if we have a creative disciplined mindset, then we’re always going to be progressing.

Mike

Plus, find out what mistakes will lead you to fail in this business!

TIP OF THE WEEK

Mike: If you are persistent, you will get it; if you’re consistent, you will keep it. The idea of Flight School is consistency—that accountability creates a habit which brings discipline, which brings results.

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

In today’s episode of The Art of Passive Income, Mark and Scott talk with Jena Rodriguez—BraveMasters.com.

Jena is a wife, mother, serial entrepreneur, love-of-all-things business, a brand specialist, an artist, a numbers-gal, a coach, and committed to eradicating unrealized human potential.

After attending college at age 16, Jena took up studying accounting and even though numbers came easy to her, she got bored. So “creative” Jena stepped in and went on to study fashion design. Then numbers Jena and creative Jena collide with “business savvy” Jena and all end up in corporate America as a controller.

After spending 8 years as a controller, Jena decided to take the leap into entrepreneurship, in which she always had an interest in. She took out a loan and bought a pre-existing shop in her area of expertise, fashion. But before she knew it she was 700,000 in debt and had to file BK.

Cue in BRAVE Jena…

When most people would have thrown in the towel, Jena picked up the pieces, brushed herself off and went on to become a successful entrepreneur who is now helping others find their own inner-brave and their unrealized potential.

How did she do it? It all came down to attitude!

When you take responsibility a hundred percent for how you’ve gotten to where you are then you have the freedom to choose how you go forward. ~Jena

Jena’s top 10 core values:

• Focus on attitude over experience
• Value connectedness
• Vulnerability is key to connectedness
• Know that intentions shape one’s reality
• Presume the positive first
• Ask “How can I?” vs. saying “I can’t”
• Have a “work it out” attitude
• Be transparent 

Listen in as Jena shares her incredible journey, from Broke To Brave. 

[bctt tweet=”Your fears are perpetuated or become real if you hold them to be true. ” username=”TheLandGeek”]

TIP OF THE WEEK

Mark:  Learn more about Jena Rodriguez at BraveMasters.com. If you are an entrepreneur and want to go to the next level, learn more about her and her story.

Scott:  Check out the website Days.to—It’s a countdown, in days, to specific events.

Jena: Read the book, High Performance Habits: How Extraordinary People Become That Way by Brendon Burchard.

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