The Art of Passive Income

Joining Mark this week are:Erik PetersonScott BossmanMimi SchmidtTate LitchfieldScott ToddListen in as they discuss challenges they have faced with difficult land buyers and the approaches they use to handle these encounters. Also, the Land Geeks give advice on how to handle a tough and undecided buyer in the buying process.TIP OF THE WEEKMark: My tip is a really good book to read, Difficult Conversations, it really does apply to what we're talking about and another quick tip is when you're talking to people and they are difficult and you don't want to work with, never ever start it with a YOU always start with I. Always make it about yourself.Mimi: For all of the Facebook MarketPlace Sellers, the number of views are back. If you go to the selling section, it will show your all of you market place ads and have the title, and it will say list to market place and it will say the number of views. Now, you can track your metrics.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?

Tom Wheelwright, CPA—WealthAbility.com, educates us on overlooked tax benefits for business owners. He shows us that by following the tax law, you can not only reduce your taxes, but also build wealth.Tom is the visionary and best selling author behind multiple companies that specialize in wealth and tax strategy. He is also a leading expert and published author on partnerships and corporation tax strategies, a well-known platform speaker, and a wealth education innovator.Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom “the best of the best.” Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, calls Tom “a team player that anyone who wants to be rich needs to add to his team.”In his best selling book Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes, Tom shows entrepreneurs and investors how to build massive amounts of wealth through practical and strategic ways to permanently reduce taxes.A self-admitted tax nerd, Tom says that by looking at taxes in a positive way he has found many nuggets in the tax law and he is going to share some of those nuggets with us today. “The more profitable you are, the less tax you should pay.”Listen in as we delve into:Incentives that people are overlookingThe game changing tax shift in 2017Tax opportunities in landMaximizing the benefits of employing your childrenWhere Tom says the magic happens from a tax standpointAnd, so much more! Don’t keep missing out on tax benefits year after year, listen in to today’s show as Tom gives us a ton of tips, advice, and examples that may have you looking at your taxes in a whole new light! “The best return on investment is going to be in your own business, always.”TIP OF THE WEEKMark: My tip of the week is go to WealthAbility.com. Schedule a call with Tom Wheelwright and see how they can get your tax liability down and how you can build your wealth.Scott: My tip is to help people see the trends, check out the website ExplodingTopics.com. What's cool about it is you can change it by topic, by category, by period, by month or whatever. You can get into the insights of what people are searching or thinking about.Tom:  Check out the book, Get A Grip: How to Get Everything You Want from Your Entrepreneurial Business, by Gino Wickman & Mike Paton. These guys created a system called EOS (Entrepreneurial Operating System). It's a very simple system for getting things done. It’s a great story of a company that found themselves struggling and what they did in order to get out of that.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 ZainoMimi SchmidtTate LitchfieldScott ToddListen in as they discuss if wholesalers should charge a documentation fee when cutting a deal and if it is bad to negotiate a wholesaling deal on a property. The Land Geeks also gave an update on how their businesses are performing in this pandemic. TIP OF THE WEEKMimi: My tip of the week is... Simplifile put out a press release, that they have opened up about 55 new counties in the south and in the east, go speed up your processes in these counties that you're in. Check them out HERE!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?

Our guest, Nir Eyal, says the key to becoming Indistractable is to control your attention and today, he is going to show us just how to do that.Nir writes, consults, and teaches about the intersection of psychology, technology, and business. The M.I.T. Technology Review dubbed Nir, "The Prophet of Habit-Forming Technology."Nir founded two tech companies since 2003 and has taught at the Stanford Graduate School of Business, which he himself also attended along with Emory University. Nir has also taught at the Hasso Plattner Institute of Design at Stanford.He is the author of two bestselling books, Hooked: How to Build Habit-Forming Products and Indistractable: How To Control Your Attention And Choose Your Life. In addition, Nir blogs at NirAndFar.com and his writing has been featured in The Harvard Business Review, Time Magazine, and Psychology Today. On today’s show, we are going to dig deep into the premise behind Indistractable. But first, Nir rewinds the tape and gives us the synopsis of his book, Hooked—building good habits using the same psychology that companies like Facebook use to get it’s users hooked.  Then, Nir breaks down the meaning of indistractible by looking at its opposite meaning and then walks us through his four-step process to becoming Indistractable. Listen in as the guys delve into:Making an implementation intentionWhy prioritizing and to-do lists are a waste of timeThe dangers of liminal momentsMastering your internal triggersRaising indistractable kids“We need to come to grips with the fact that all human behavior is prompted by desire to escape discomfort.”Find out why Nir says that you shouldn’t avoid checking Facebook, Google, or other technology that some critics tell us we should quit using, as long as you use them on your schedule and not the app makers.  “If you don't know what you're going to do with your time everything is a distraction. So the idea here is you can't call something a distraction unless you know what it distracted you from.”Also, find out Nir’s answer to Scott’s question—I agree that everything is driven by us trying to get out of situations. So a lot goes along that same mindset with achieving success. In our case, people who are trying to get going in real estate investing. What happens is if you don't have that burning desire, you're probably not going to get the levels that you want. How can you use what you're teaching and have somebody create that burning desire or how can you leverage this to get the results that you want?Resources MentionedTimebox CalendarDistraction GuideWin a Copy of Indistractable!Nir has generously offered a copy his book to one of The Art of Passive Income listeners . Watch for details in The Official Motivation & Wealth Creation free Facebook group!TIP OF THE WEEKMark: My tip of the week is learn more at Nirandfar.com and check out Nir’s book Indistractable: How to Control Your Attention and Choose Your Life.Scott: Check out Cocoon.com—a private social network to help stay less distracted in the big social medias.Nir: “The antidote to impulsiveness is forethought; procrastination, destruction this is the problem of impulsiveness.” This is when we do something in the moment we later regret. The idea here is to plan ahead, have a system to master the internal triggers, to make time contraction, to hack back the external triggers, and prevent distraction.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 BossmanMimi SchmidtMike ZainoTate LitchfieldScott ToddListen in as they discuss:How they manage their buyer’s listThe strategies they use for excellent email marketingSegmenting and optimizing their listsThe platforms they use for email marketingAnd more!Tune in for an update on how their land businesses are performing during this pandemic and for  advice on how to maximize your deal of the week campaign. Also a fantastic offer awaits at the end of this episode. Listen in to learn more!TIP OF THE WEEK: Mimi: My tip of the week is an article from the Land Think website, it's called How is the COVID-19 Pandemic Impacting Recreational Land Sales. It talks about how more people now are doing closings online through Zoom and all the tools that we've always used. It's an interesting article. View it HERE.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?

Our guest today is going to tell us how she went from a negative net worth to building up a multi-million dollar empire in multifamily rentals. Join us as we talk with Anna Kelley, the founding partner of Zenith Capital Group, Apex Multifamily and REImom.com. Anna’s a former top ranked financial relationship manager for a private bank and began investing in real estate 20 years ago. Since, she has purchased, renovated and rented millions of dollars of real estate across numerous asset classes while working full-time and raising four active children. She recently retired from her corporate career after creating financial freedom through rental properties investing and currently has ownership and manages a rental portfolio valued at over $60 million and has invested in over 1000 doors as a Limited Partner. An Amazon best-selling author, a speaker, and a mentor... Anna Kelly is one busy lady!Starting out as a landlord by necessity with a negative net worth, Anna walks us through her journey and how she made it through the recession to slowly and steadily build her portfolio up to replace her six-figure income that would allow her to retire.“I started investing in real estate a long long time ago. For those that think real estate is a get rich quick scheme, it’s definitely not. I have definitely played the long game and it’s just finally paid off.” Anna admits that finding money in the beginning to keep scaling and growing after their first initial purchase was not easy. So, along with her husband, they put in the time and they educated themselves. That is when they came across the BRRRR method—Buy, Rehab, Rent, Refinance, and Repeat. Here is just a little of what we talk about today...Why Anna focused on 4-unit propertiesThe worst advice she’s seen given in RE investingWhat she would have done differentlyAnna’s advice for the person who has done some rentals and wants to scale to the next levelScaling the managementTenant screening and lots more...Anna Kelley is an inspiration. She built a real estate empire as a side hustle while working a full-time corporate job and raising four kids. The epitome of tenacious, she found ways around the roadblocks and kept moving forward until she reached her destination, financial freedom. “I think that there it’s really important to point out that there’s really no one right way to make money in real estate. There’s a lot of variables that depend on you personally, your skills, how much time you have available, how much money you have available to invest.”TIP OF THE WEEKMark: My tip of the week is to be like Anna Kelley. Go to REImom.com and learn more there.Scott: Check out CoScreen.co—It turns your secondary display into a joint team desktop. Share windows via drag & drop. It’s a great way to work with VAs. Anna: If you have a business, any type of business, there is a little-known tax benefit called Bonus Depreciation that will have a huge impact on the next year's taxes. 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 PetersonTate LitchfieldScott ToddLand Geek Community MembersListen in as Tate takes over the question and answer series and the Land Geeks share advice and  give solutions to: Excellent internet marketing How to handle the inquiries of prospective land buyers Proper social media management How to deal with internet trolls and troublemakersAnd more! TIP OF THE WEEK:Erik: My tip of the week is zapier.com blog and there’s an article on Gmail filters. If you are not familiar with Gmail Filters, you can do a lot of different things with them in combination with Zapier, it’s a great resource to start learning with these filters. If you are not familiar with gmail filters, learn how to use them by clicking HERE.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?

Need money for a real estate deal? There’s an easy button for that and today’s guest, Matt Bell of Easy Button Lending, is going to show us how it’s done.Matt is a real estate investment strategist and certified fund manager who partners with CEOs, executives and solopreneurs across the country to grow both net worth and cash flow in order to accelerate their path to retirement. Working initially in real estate as a licensed realtor focused on finding, analyzing, and acquiring investment properties for professionals. Matt ultimately found his way into consulting for a large institutional real estate investment firm as a Director of Renovation, having bought, renovated either resold or rented over 5600 single-family residential properties in the past seven years. Matt created Easy Button Lending to connect people from all different types of real estate with lending opportunities to fit not only their specific deal, but also their specific state. The platform has over 130 lenders in 50 states that are waiting to compete for your deals.Join us as Matt rewinds the tape and tells us how he got into the real estate field and how he accomplished an astonishing 5500 home renovations in four and a half years in 17 cities and in 11 states! Then the guys talk, Easy Button Lending! Matt delves into how the platform works and how it differentiates and transcends in a competitive arena. Find out all the details of:Types of real estate they work withCredit ratingsHow to maximize the likelihood of getting funded when you’re newAnd so much more!“First and foremost you need to invest in yourself by reading books, hiring mentors, and plugging into different mastermind groups. I think that network is what really carries you.”Matt has found a way to take the headache away from funding your real estate deals, no matter the size or the type, Easy Button Lending connects you with qualified lenders with one easy button.Listen in for all the details.TIP OF THE WEEKMark: My tip is, Show me the money—Get that money at EasyButtonLending.com and have these private money lenders compete for your business even in raw landScott: Check out the Google Chrome plugin, Table Capture.  When you download this you can mark fields on a website for example, and what it does is it takes the fields and dumps them into an excel file. No more having to screen scraping the data.Matt: If you want something that's applicable across the board, check out one of my favorite books, Grit: The Power of Passion and Perseverance by Angela Duckworth.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 BossmanMike ZainoMimi SchmidtErik PetersonTate LitchfieldScott ToddTune in to hear about their successes and hurdles with land investing. Plus listen as they share advice on getting started, joining Flight School, and the support of the Land Geek coaches and community. TIP OF THE WEEK:Mimi: My tip is link to Airtable's trainings, sign yourself up and get notifications on all their trainings. I always suggest to people to go get Erik Peterson's posting domination templates out there. Click HERE to access the airtable trainings. 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?

Has the infinite banking concept piqued your interest but you can’t quite grasp how it works? You’re not alone, it even has Mark & Scott feeling a little perplexed…but today’s guests are going to educate us on how it all works.Returning to the podcast to give us the 101 on the infinite banking system are Russ Morgan and Joey Mure, the Wealth Without Wall Street guys! Listen in as Russ & Joey give us an overview on how this concept originated and then do a deep dive into the fundamentals and how to utilize it for the maximum benefits. Find out everything you need to know about:Why infinite banking is good for creating wealthHow it compares to a traditional saving accountHow safe is your moneyHow much money is needed to get startedHow soon you can access your moneyWithdrawals versus loansAmortization...and this is just the tip of the iceberg! Russ & Joey brought a plethora of information, advice, and examples to the show today in order to arm you with the best knowledge possible to help you determine if becoming your own banker is the right strategy for you. Are Mark & Scott sold on this strategy? Listen in to find out! TIP OF THE WEEK Mark: Learn more about Infinite Banking, go to WealthWithoutWallStreet.com.Scott: Check out the iPhone app, Smart Voice Recorder-Offline for offline transcription.Russ: To learn more read the book, Becoming Your Own Banker by R. Nelson Nash. Also, check out InfiniteBanking.org—a website for people who do this all over the country.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?