The Art of Passive Income

Bruce Wehner is a Financial Advisor and the Chief Cash Flow Strategist for The Money Advantage. He designs and communicates the individualized solutions that help the company’s clients increase their cash flow and financial control. He also oversees the client experience and serves as the lead advisor and director for The Money Advantage.Bruce Co-Host The Money Advantage podcast with Rachell Marshall, who is the Co-Founder and Chief Financial Educator of The Money Advantage. She is known for making money simple, fun, and doable and helps her clients create time and money freedom with cash flow strategies, privatized banking, and alternative investments.Bruce has been an entrepreneur in the wealth industry since 2007. Now, he serves as a resource for The Money Advantage since its inception in 2017. Rachel on the other hand has been a business owner since 2007. Since 2011, Rachel has, motivated to control her time and destiny, and is helping others do the same.Listen in as they discuss:Rachel’s journey to wealth creation.Bruce’s journey in the wealth industry.Money managementWhat does The Money Advantage do?Is insurance by itself an investment?What it takes to become a wealth creator.The benefits of using privatized banking.What happens to a contract if you cannot repay your loan?Who is privatized banking not for?And, more!TIP OF THE WEEKMark: My tip of the week is learn more: figure out your cash flow, start building wealth, start learning about the miracle of compound interest, and how you can benefit from these. As long as you’re responsible, get on a call with Rachel & Bruce. Learn more, themoneyadvantage.com.Scott: A lot of times you get this PDF document and you have to make some edits to it. If you don’t have a PDF editor on your computer, go to a little website called cloudconvert.com. Upload your file, you can edit to your heart’s content and download it. Rachel: Go read the book The Richest Man in Babylon by George S. Clason. It’s super easy to read but I love that it is very foundational, financial principles and it starts with Set thy Purse to Fattening. It is the idea of paying yourself first and if you are building that foundational savings, have it. You’re really going to set yourself, head and shoulders above anything, any other strategy. It’s really focusing on what financial principle do I want in place in my life. After you have a principle then you can have a strategy to accomplish your goals, and then look at the tactics or the financial products. That is where the book can start laying out the foundational principles for you.Bruce: My tip is, to consume everything you possibly can consume from Dan Sullivan Strategic Quotes because Dan’s whole mindset is about wanting to set your life up so that you’re in a business setting whether as an employee or as a business owner or investor. You want to set your whole life up where you’re taking your own abilities so you never need to retire. Because as Dan says, when you look at the word retire means take out of service, so you’re no longer useful. Strategic quotes from Dan Sullivan, I would consume as much stuff as you can, and for the entrepreneurs out there 10x Multiplier Mindset Podcast (10x Talk Podcast) with Joe Polish & Dan Sullivan is very valuable for people.Want To Listen More?Did you enjoy this episode? Check out another one of our exciting episodes with special guest Brian Bradley as they discuss how to protect your assets and investments.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Joining Mark this week are:Scott BossmanErik PetersonTeria HarrisTate LitchfieldScott ToddListen in as they go around the table and discuss instances that have led to an establishment of trust with their Virtual Assistants as well as occasions where they have lost trust due to dishonesty and more. TIP OF THE WEEKTeria: I found this channel on youtube, School of Greatness. One thing I like about Lewis Howes is, he has the most amazing people on his podcast, he interviews them from everything —health, business, mindset, goals. He interviewed Tony Robbins, Kobe Bryant, and a lot of successful people. I recommend you to take a look at his podcast.Want To Listen More?Did you enjoy this episode? If you did, check out one of our exciting roundtable episodes where we discuss the mindset to have when venturing into something new.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?

Jay Papasan is a bestselling author, corporate speaker, and the vice president and executive editor at Keller Williams Realty Inc. He is also co-owner and co-founder of several successful businesses, such as KellerINK, Keller Capital, and, alongside his wife Wendy, Papasan Properties Group in Austin, Texas.Jay was born and raised in Memphis, Tennessee. After concluding his study at the University of Memphis, he spent several years working abroad in Paris before attending New York University’s graduate writing program. After graduating he found work at HarperCollins Publishers, where he helped piece together bestselling books such as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm. In 2013 Jay co-authored the bestselling real estate series The One Thing, with Gary Keller, who is the founder of Keller Williams Realty Inc. His most recent work has debuted at #6 on the Wall Street Journal bestseller list and reached #1 on May 3, 2013. Since then it has made more than 500 appearances on national bestseller lists and has been translated into 30 languages. Listen in as they discuss:Jay’s journey to where he is at now.Multitasking and balance.Finding your WHY by understanding what you are fundamentally working for.Assessing and breaking down your goals.And, more!Jay also shares some of the worst advice he has seen or heard given in his area of expertise.TIP OF THE WEEKMark: My tip of the week is actually going to be one of those things, this book is literally going to be transformative, it is the one thing that I always recommend because it's that transformative, it is the1thing.com.Jay: I'm going to share the book that I've read. It's a book called Happy Money by Elizabeth Dunn and Dr. Michael Norton. It's not about building wealth, it's about if you have a dollar what is the best thing you can do with it that will actually lead to more fulfillment and happiness, and it's all based on research. And The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins is the single-best primer I've read that matches my philosophy for how one would use the public markets to build wealth. It explains compounding interest on how we retire on passive income in more detail than I've ever read before. Another great book is The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel, it's mental tricks about money that we can fall prey to or we can take advantage of. It's deeply-researched, wonderfully written.Did you enjoy this episode? Check out another one of our exciting episodes with special guest Johnny FD as they discuss how to create passive income to live financially free.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Joining Mark this week are: Scott BossmanTate LitchfieldErik PetersonScott ToddMike ZainoListen as they go around the table and share what has surprised them about the land business. From their sheer ability to do it, to the complications we impose upon ourselves, learn about what they discovered about this niche and about themselves. TIP OF THE WEEKScott: You're working hard every day, working hard for the money so do this, every morning go eat yourself a donut. Enjoy life!Mark: My tip is a business tip of the week, I want everyone this week to review their guarantee. If your guarantee does not make you a little nervous, it's a meek week guarantee. You can steal my guarantee, my land clients, when they buy a piece of property we guarantee they are going to love that property, and for whatever reason, they don't love it then we either exchange the property they do love or refund them. We have a 365-Day-Exchange-Guarantee. It's very simple, happy customers guaranteed.WANT TO LISTEN TO MORE?Did you enjoy this episode? If you did, check out this exciting roundtable episode where we discuss lessons learned from past mistakes. 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?

On this week’s episode of The Art of Passive Income, Mark welcomes Real Estate Developer and Cash Flow Specialist, Shane Melanson to the show.Shane Melanson is a Real Estate Investor, Author, and Cash Flow Specialist. He was introduced to commercial real estate by a mentor (now his father-in-law) who showed him a systematic way to invest in commercial real estate. This approach demonstrated how to raise millions from investors and how to put together the right teams to execute their business plans. Over the years, Shane has been assisting many real estate investors to transform their lives and create enough passive income to replace their job. He has committed the last 10 years of his life to help others discover commercial assets that suit their needs. Today, he specializes in helping professionals in Canada who are earning mid-6 figures convert their income into net worth by becoming owners of commercial properties. Shane is also the host of the Investing Advantage Podcast and the founder of Melanson Real Estate.Listen in as they discuss:  Shane’s journey to commercial real estate.The difference between a good deal and a bad deal.  Mistakes new real estate investors make in their first year.  Shane’s outlook on switching from being opportunistic to more diligent and focused.   Having your money work for you rather than working for your money.  Assets that have a future in investment.And more!Shane also shares the worst advice he has heard about commercial real estate while being in the business.TIP OF THE WEEKMark: My tip of the week is which is shanemelanson.com, read a book there: Club Syndication, How the Wealthy Invest Their Money, Discover How to Raise Capital, and Invest in Commercial Real Estate. Claim your copy today!Scott: My tip of the week is also a book called Am I Being Too Subtle by Sam Zell, it's straight talk from a business level. I like it, I like the guy's personality. Check it out!Shane: One book I really enjoyed is by Keith J. Cunningham called Keys to the Vault, some of the experts out there say he is the real Rich Dad Poor Dad behind the Robert Kiyosaki; and if you read some of his books, he's got a lot of wisdom as it relates to risk, understanding deals, deals structures whether it's raising capital or investing. Even with my own book, I think that's probably one of the best resources that I could point to your audience.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Joining Mark this week are:Teria HarrisTate LitchfieldScott BossmanErik PetersonListen in as they go around the table and discuss the approach they have taken to handle counter offers and landing deals in our niche. They also share advice on how to creatively handle counter offers in the business.TIP OF THE WEEKMark: My tip is one of my favorite books, it is called Sum: Forty Tales from the Afterlives by David Eagleman. Basically, he writes 40 scenarios of what happens after you die. It's really thought-provoking and really life-affirming. It's really interesting. It's like after you die, they see different versions of yourself, and they're disappointed with you.Want To Listen More?Did you enjoy this episode? If you did, check out one of our exciting roundtable episodes where we discuss some of the elements you need to create a good marketing ad.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?

Frank Bria is a serial entrepreneur and analytics junkie with a great deal of commitment to business analytics in retail banking and marketing. He has worked alongside several technology start-up businesses and is dedicated to building mathematical optimization software for the banking industry. After 15 years in the consultancy business, Frank made the decision to start a business of his own.Frank is the host of the 6 to 7 Figures Show podcast. He is also the author of the bestselling book Scale: How to Grow Your Business by Working Less and the founder of the High-Ticket Program. This program was designed to encourage his clients to utilize a scalable program design and execution in their businesses. He also assists a significant number of entrepreneurs to design and execute their High-Ticket Programs. Now he works with businesses that are offering  B2B services  to create a high-level customer experience. He also uses mathematical optimization, statistics, and data analytics to improve their business performance.Listen in as they discuss:Frank’s journey to becoming a business growth expert.The three (3) key elements people get wrong when starting their business.Breaking free of your own work.Investing in someone to do the job for you.Having the mindset of a CEO.Growth as a long-term investment.And, more!Frank also shares with us how he starts off with his employees by creating a hierarchy chart and the worst advice he has heard  given in scaling businesses.TIP OF THE WEEKMark: If you want to learn more about getting to that next level go to frankbria.com. My tip of the week is frankbria.com.Scott: If the system in the workflow is your thing, make sure you follow us at processmodo.com for Process Thursday every week. Every Thursday we're building others processes and maybe yours is there too.Frank: There's a book that I absolutely love that I like to recommend for anyone who's looking at their business model and making shifts in it, it's called Getting to Plan B: Breaking Through to a Better Business. Anyone who's done any serial entrepreneur work knows that Plan A never works, so if you started out a business and processes, and finds you're struggling, you're not alone. You can check the book on Amazon by John Mullins and Randy Komisar. It's a ton of great stories about large companies where they have a pivot and getting really creative about it. I think people who get out of the book start to think very creatively about what needs to change in order to become a scalable business model.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Joining Mark this week are:Erik PetersonScott BossmanMike ZainoTeria HarrisTate LitchfieldListen in as they go around the table and discuss:Whether or not they have bought land outside of the United States.If not, have they ever considered doing so.Have they ever bought land from a seller who lives outside of the United States?Have they ever sold land to an international buyer?And, more!TIP OF THE WEEKTeria: My tip of the week is actually a sticky note in my bathroom that says, "Take risks, ask big questions; don't be afraid to make mistakes, if you don't make mistakes you are not reaching far enough." And it's something I try and convey to my coaching clients because they're just kind of getting started and their big thing is, "I don't want to mess up, I don't want to make mistakes, I don't know, I don't want to get it wrong, I'm afraid to make mistakes".Want To Listen More?Did you enjoy this episode? If you did, check out one of our exciting roundtable episodes where we discuss how to start a successful land business with 10k in 2021.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?

Ravi Abuvala is a successful entrepreneur and motivational speaker who is best known for developing a high ticket lead generation and scalability roadmap, and a skilled virtual assistant outsourcing system for businesses called Scaling With Systems.Ravi’s interest in business began at a very young age. In March 2016, he launched a lead generation training program, Prospect Social, for real estate agents where he assisted real estate professionals by leveraging targeted social media advertising and using a marketing funnel to generate qualified leads. In 2019, Ravi launched Scaling with Systems, to help generate qualified leads for businesses and to provide trained virtual assistant staff to interested clients. He also helps businesses automate their marketing and other business processes to save their time.Listen in as they discuss:Rovi’s journey in Scaling Systems.The process of hiring exceptional virtual assistants.How does Scaling with Systems work?The process of training virtual assistantsAnd, more!TIP OF THE WEEKMark: My tip of the week is just going to scalingwithsystems.com, and get to that next level without having to spend hours and hours, weeks months in frustration hiring, firing, and training people that may or may not work. They’re already there for you, already trained. Again, we can always make more money, we can’t get more time: know the value of your time! They want both of those big things in life to be solved; they want their money problem solved and their time problem solved. Scaling with Systems can help you do both.Scott: My tip is a book, I love this book and the concept, it’s called Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan and Benjamin Hardy. Basically, the gist of this book is, there are many times as entrepreneurs we take it all to ourselves to figure out how to go-do something and when you go to the process and start doing it you keep on thinking “How am I going to do? How am I going to do it?” But what happens in large companies, when the CEO sets a vision, the CEO doesn’t say “How am I going to do this?” the CEO says, “Who within our organization's going to do this”. If you’re focusing on HOW in your business, you’re focusing on the wrong approach. Start thinking about WHO. This book lays out a foundation and a framework to help you do just that.Ravi: I usually just tell people there’s going to be a little broad, for some reason you’re not going to come pay me, you’re not going to come to pay somebody else. The majority of their answers are going to be found on YouTube, I spend probably 1 Hour a day learning something new on YouTube. I just want to challenge everybody here, whatever course you have or whatever you’re thinking you want to do, hiring someone or firing someone just look it up on YouTube and see if the answer is there for you. A lot of times you’ll see the answer you’ve been looking for.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Roberto Chavez is now a retired real estate lawyer and a full-time land investor who is a part of the Land Geek community. He has actively invested in real estate and raw land for almost three years and has completed over 100 real estate transactions in that time. Today, the Land Geeks will celebrate with him as he shares news of his retirement from his law profession and his journey into the world of buying and selling raw land as an investment. Joining Mark this week are:Mike ZainoErik PetersonScott BossmanTeria HarrisTate LitchfieldScott ToddAnd, special guest Roberto Chavez.Listen in as they go around the table and ask Roberto a series of questions about his experiences and success in the land business, his biggest fear of retiring from his law profession and more. Roberto also shares advice to all listeners who want to retire from their 9 to 5 to become a part of the land investing business. TIP OF THE WEEKRoberto Chavez: This book really helped me make more sales and be able to talk to people more, because that's the skill that I didn't really have, the tip is Never Split the Difference by Christopher Voss and Tahl Raz. It's really good, and I think anybody who's in the land business should read it. It will help them improve their negotiation skills, and buying or selling land.Want To Listen More?Did you enjoy this episode? If you did, check out one of our exciting roundtable episodes where we discuss the mindset that is needed to be successful in the land business today.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?