How Mindfulness Is The Key Philosophy Towards Passive Income with Allen Lomax

In this episode, we discuss the transformative power of mindfulness in pursuing passive income with real estate expert and entrepreneur Allen Lomax. Discover how mindfulness can shape your investment approach and lead to financial freedom.

Like many others, Dr. Allen’s journey into real estate began as a part-time accidental investor, initially exploring fix-and-flip projects and rental properties. Over time, he transitioned from accidental to intentional investing, leveraging his experiences to create impactful real estate opportunities. Today, Allen empowers successful entrepreneurs to enhance their financial well-being through passive, hands-off real estate investments.

Jaryd and Allen have an exciting discussion about the biggest obstacles that hinder people from achieving passive income. Why are people’s fears not actually false, and what should we do about them to move forward in a positive direction? How similar is real estate to buying a business? 

Allen also shares a few stories about horses and how they have helped him be a better investor and mentor. Jaryd shares some scuba diving stories about saving people from life-changing mistakes. Lastly, they talked about the power of a quiet mind. 

This is your chance to discover how mindfulness can change the course of your life. Check out this episode!

 

Episode Highlights

04:00 What is Allen’s motivation in pursuing passive income?

11:00 The similarities of real estate investing and buying online businesses

16:00 Allen shares his experience with horses and what it taught him

25:00 How can mindfulness help you be a better investor?

36:00 How do you navigate the “freak out” phase when investing?

45:20 How do you handle objections and fears?

 

Key Takeaways

➥ Allen, coming from an academic background, explains the anxiety of relying solely on a job for income and the desire to establish a financial safety net independent of traditional employment. This motivates him to pursue passive income. Both agree that passive income is a crucial backup plan, offering security and reducing stress.

➥ Both Jaryd and Allen highlight the misconception that focusing solely on single-family properties or renovating/flipping houses is the best path to passive income. Instead, they advocate for exploring commercial real estate investments, which can offer greater passive income potential with less effort and risk.

➥ Allen reflects on a past experience where he realized the importance of self-awareness and humility in leadership. By acknowledging and learning from his mistakes, he advocates for approaching investments and business decisions with a mindset focused on mutual benefit rather than ego-driven agendas. 

 

About The Guest

Like many others, Dr. Allen began his real estate endeavors as a part-time accidental investor, doing fix-and-flip and holding for rental income. Shifting from accidental to intentional investor, Allen now creates opportunities that empower successful entrepreneurs to substantially increase their financial well-being through passive, hands-off real estate investments. Allen believes it is never too late to attain financial freedom and live abundantly.

In his spare time, Allen passionately works with humans to help them understand their horses and develop excellent connections that create respectful and safe relationships between the horse and their humans.

 

Connect with Allen Lomax
 
➥ steedtalker.com/webinar

➥ https://www.linkedin.com/in/allenlomax/

➥ https://www.facebook.com/allen.lomax

 

Resource Links

➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/

➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com

➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/

➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG

➥ Semrush (SEO tool) - https://bit.ly/3lINGaV

➥ Ezoic (Ad Network) - https://bit.ly/3NuVR5P

🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥

➥ Empire Flippers - https://bit.ly/3RtyMkE

➥ Flippa - https://bit.ly/3WYX0Ve

➥ Motion Invest - https://bit.ly/3YmJAmO

➥ Investors Club - https://bit.ly/3ZpgioR

 

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