In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
- Jeannie Morem
- Cynthia Tripathi
- Erik Peterson
- Aaron Williams
- Tate Litchfield
Just returning from a week-long getaway in the South Pacific, recharged and ready to go with a dry new phone, Tate shares how easy it was to step away from the business and unplug—partially due to the fact that he took his phone swimming in the warm waters off of Aitutaki, but unplugged nonetheless because as he explains, there are no land emergencies.
We also welcome coaching student, Jeannie Morem to the group today. Jeannie talks about the podcast she hosts with her husband Kurt who is also going through our coaching program. Their podcast is based on a subject that, umm well, has a blush factor to it.
Jeannie also shares how she found us then purchased the toolkit, but it wasn’t until attending the Bootcamp in Scottsdale that it all came together. Since attending Bootcamp, Jeannie and Kurt have signed up for coaching which leads us into the discussion—why are people afraid to invest in coaching?
Cynthia compares the investment for coaching to returning to school to get a Masters Degree…
“When I compared the cost of coaching to the cost of a Masters Degree, where I wouldn’t be making any money and would graduate with all this debt, versus the small cost in comparison to actually learn how to run a business and create passive income, there was just no comparison.
I made a huge ROI on my coaching investment in the first year of business than I ever made out of my 4 year college degree. People will go spend 100k on a college degree and get into all this debt, but then when it comes to learning a skill where you can literally make a one time sale and create recurring revenue every month, they don’t think it’s possible.”
Cynthia also shares the details of the incredible deal she posted about in the Mastermind Group this week, where the property she was considering appeared to be so undesirable that she considered passing on it but ended up giving a take-it-or-leave-it offer that the seller took and it ended up being her most popular property to date.
Everyone shares their take on it and why there are “a lot of levels of lessons“ to be learned from her deal.
Marks big takeaways:
- Fearlessness of negotiating
- Tenacity of marketing
- Realization of reality—Hey, I have something people want, I’m going to up the price.
Listen in for the details and why a picture can be worth a 2100% ROI!
TIP OF THE WEEK
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Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?