The Art of Passive Income

Joining Mark this week are:Mike ZainoMimi SchmidtErik PetersonTate LitchfieldScott ToddScott BossmanListen in to hear advice from The Land Geek team on what it takes to get started, stay consistent, overcome hurdles, and achieve tremendous success in the land industry. TIP OF THE WEEKMimi: Mimi: This tip is from a couple different articles, Facebook has changed their desktop inner face, you'll notice that they keep Facebook Analytics that you can no longer see the views and the number of messages that each of your market place Ads is getting so it's hard to know if the Ads are productive or if we need to renew them. You can see the comments but you have to count it manually, and that's not a very effective use of time. But there's a desktop free design that is made available, when you go to your settings then flip the old view to new view at this point, but eventually they will go to the new view. The Facebook is pushing less of the news feed and trying to push their events to groups. They're pushing people to use Groups more. Read more about 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, Brandon Webb, is going to help you conquer your entrepreneurial fear like a Navy SEAL. And he knows a thing or two about the mindset of a SEAL, because he is a former U.S. Navy SEAL sniper. In 1997, when Brandon’s SEAL training package was approved, he joined over 200 students in class 215, and went on to complete the training as 1 of 23 originals.Throughout his career he completed four deployments to the Middle East, one to Afghanistan and deployed to Iraq in 2006-7 as an OGA contractor.Brandon finished his time in the Navy as the Naval Special Warfare Sniper Course Manager. Brandon the entrepreneur is a New York Times bestselling author. After a failed startup in 2008 he went on to found two brands, SOFREP.com and CrateClub.com and grew them to an 8-figure revenue. Brandon attended undergrad studies at Embry Riddle Aeronautical University and Harvard Business School’s Executive Program for business owners.He is a member of the New York YPO chapter and served as an appointed board member on the veterans advisory committee to the U.S. Small Business Administration. He is regularly featured in the media as a military and business subject matter expert. He has contributed to ABC’s Good Morning America, NBC’s Today Show, CNN, the BBC, SIRIUS XM, MSNBC, Fox, The New York Post, and The New York Times.Brandon is not only the baddest man in the room, he is a big deal! Join us as Brandon gives us the expanded version of his time as a Navy SEAL and we do a deep dive into his mindset as a SEAL and how training and embracing the suck translated into Brandon’s entrepreneurial journey. To sum it up in two words—action and perseverance! Find out what Brandon has to say about: The influence of the environment around youAdvice for budding entrepreneursLessons learned from his parentsAnd, more!!“People think that there's some secret tip or code or some line that they can skip, some backdoor that they can go into and it's just not the case. You've got to put in the work, the hard work, and educate yourself. Whatever it is you're going to do, come up with a plan. And to Scott’s point, you've actually got to execute on the plan.”Brandon didn’t let others dictate his success. He had a plan, he embraced the suck, he took action, and he got results! TIP OF THE WEEKMark: Learn more and get more wisdom from Brandon Webb at BrandonTylerWebb.com. Also, check out SOFREP.com and CrateClub.com.Scott: Pick up Brandon’s book, Mastering Fear. Fear stops more people from achieving their dreams than anything else. Read it, take action on it and change your life.*We would like to give away a copy of Brandon's book to one of the Art of Passive Income listeners. Check out the Official Motivation & Wealth Group for details!Brandon: Just go get it done. And check out the book by Malcolm Gladwell, Talking to Strangers. It’s about how we're not as good as we think we are, judging people, because we have this bias towards trusting when we should be a little bit more data-driven.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:Mimi SchmidtErik PetersonTate LitchfieldScott ToddScott BossmanListen in as we go around the table and discuss the effectiveness of training documents for virtual assistants in the land business, plus how everyone approaches dealing with customers who are late making payments, especially in these tough times. TIP OF THE WEEKMimi: My tip of the week is from Zapier Blog and the article is called How To Choose The Best Social Media Platform For Your Business. If you got a lot of questions, these coaches, they give a lot about other platforms besides Facebook and Craigslist to sell your land on, so the very first thing article mentions is what social media apps does your audience use. We go where our audience is, and there are different ways in Zapier to automate your business. Learn how to choose the best social media platform for your business HEREAre you ready to learn more? 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?

Pam Goodwin is an expert in commercial real estate, more specifically, single tenant leasing. And today, she gives us an inside look into her specialty—retail and restaurant pad site development.Pam is a speaker, a number one bestselling author, trainer, success consultant and media personality in the Dallas Fort Worth area. She is the principal and founder of Goodwin Commercial, a boutique commercial real estate and consulting firm specializing in developing retail and restaurant pad sites. With more than 20 years of experience in tenant representation, project management, property development, and leasing, Pam is an expert at helping investors buy/sell property and build wealth.Pam's Bestselling Books One Cent Lemonade to Million Dollar Deals— where she shares sizzling shortcuts to get hired, stand out, take action and succeed as an entrepreneur. Winning Ways in Commercial Real Estate—the ultimate resource for anyone looking to learn from top experts in commercial real estate.Listen In As... Pam rewinds the tape and talks about how she developed her career in land development and leasing to companies such as Walgreen's, Chase, McDonald's to name a few. It all started with the development of a couple little restaurant chains you may have heard of… Pam developed 50 Chili’s from the ground up and On The Border for the entire country. Pam walks us through the development process in order of sequence:Identifying the right pad sitePutting it under contractThen closing on the landAll the while, trying to find a tenant before it even closes. She doesn’t put anything under contract unless she’s 75% sure she could fill it because, she stresses that, reputation is key!We also get into the numbers and Pam gives us all the details on:Cap ratesRent increasesTriple net leasesAnd finally, the big payday—selling the investment!  With a 1-5 year hold time, find out what kind of numbers Pam could expect to get. Plus, Pam talks about how to mitigate the risks, which includes taking a deep dive into the due diligence and so much more! “What happens if this changes your life and you could make a couple hundred thousand or even a million dollars on one deal... How would that impact you?”Listen in to find out more about this interesting market that has left Scott Todd with some serious shiny object syndrome!TIP OF THE WEEK Mark: My tip is to learn more about Pam Goodwin at PamGoodwin.com.Scott: Check out HabitualApp.io to track your habits and build routines. You can have multiple habits, set up different times to get your reminders.Pam:You’ve got to take action and don’t be afraid to team up with someone. If you just spent 30 days taking action, I can guarantee that you’ll find something out there. My website is PamGoodwin.com, feel free to reach out to me.I’ve been listening to an audible book from David Goggins, Can’t Hurt Me.We have a TV episode show called Learning Commercial Real Estate. Google my name under Propelio or YouTube you’ll find a lot of TV shows that we did.Check out the app Land Glide.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:Mimi SchmidtErik PetersonTate LitchfieldScott ToddListen in as we go around the table and discuss the current market and if now is the time to call it quits and get maybe a stable J.O.B.?TIP OF THE WEEKMimi:  Great sales recording training HEREIsn’t it time to create passive income so you can work where you want, when you want and with whomever you want?Are you ready to learn more?  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?

AirBnB is big business and our guest today has created a formula for building a scalable AirBnB business by leveraging other people’s properties.Brian Page became a millionaire in his 20’s as a residential real estate investor only to lose it all in the historic crash of 2008. Starting over with no credit or ability to purchase property, Brian discovered a way to use other people’s properties to earn an income. He went on to make six figures in 6 months and over 300,000 his first year renting and listing properties on AirBnB. Realizing that no one at the time was teaching how to build and scale an AirBnB business, Brian created his training called the BNB Formula. His master class is now the world's bestselling AirBnB training. He has taught thousands of people from 38 countries how to build a 6-7 figure AirBnB business, with several of his students now doing over a million in bookings.“I have several students that are crossing the million dollar mark in bookings. But to do a modest $100,000 a year net on AirBnB only takes about anywhere from four to six properties. So we're not talking about a lot of properties to do that.”And on today’s show, Brian is going to walk us through his formula for this innovative strategy starting with how he approaches property owners with this opportunity and gives us two examples with two very different types of property owners.“So there’s a couple of different ways to do it but essentially either way I get to control the property. I don’t have to own it, I don't have to put down payment, and I can immediately start making cash flow with these properties.”We also delve deep into:The numbersThe scalabilityThe types of properties this works forThe risksCity regulations...and more! Brian also talks about the area where a majority of hosts fail and how he is able to get 95% in bookings every month by excelling in this one area.Listen in now as Brian walks us through all the steps from getting control of the properties, to renting them out and collecting a monthly income without even owning any real estate.TIP OF THE WEEKMark: Move the needle in your life, start generating serious income on short-term rentals and read Brian's book—BrianPageBook.com.Scott: Check out the app, Easy Peasy Password to generate cool-memorable passwords you could remember.Brian: Check out the book, Deep Work by Cal Newport. It’s about how to get the work done in a very distractive world. Also, check out BNBFormula.com if you want to learn more about this niche for free.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

In this week’s Round Table discussion—the Land Geek's discuss how and or if they use an option strategy to help them lock up properties with a land seller.  Joining Mark this week are:Scott BossmanMimi SchmidtErik PetersonTate LitchfieldScott ToddListen in as we go around the table for to get option strategy wisdomAnd what about people who have options expire to do they continue to market those properties?TIP OF THE WEEKMimi: If you need money Click HERE for the tip.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?Are you ready to learn more?  Just click HERE to schedule a call. 

Today’s guest always leaves you feeling a bit smarter after having a conversation with him and today was no exception. Join Mark & Scott as they welcome Todd Tresidder, founder of FinancialMentor.com, back to the show.Todd previously appeared on the Best Passive Income model about 4 years ago which you can find here: Todd Tresidder on Wealth Building Equation in Life.Todd is a former hedge fund manager who didn't want his tombstone to read, “his investments skills made his rich clients richer”. As a result he made his advance investment strategy and wealth planning knowledge publicly accessible through his website to help normal people to achieve extraordinary financial results.Before becoming the Financial Mentor, Todd worked his way through college to pay the bills and came to the conclusion that he didn’t like having to live from the right side menu of life. So he set out to design his life to result in wealth and 12 years later, at the age of 35, he was financially independent.Todd says it wasn’t that complex, you just have to get the principles right… and today, we are going to dive deep into those principles.When asked to define wealth, Todd says that the focus is not on wealth as much as it is on financial freedom and it’s the assets that produce the cash flow that creates the freedom.“In my world it’s never about more stuff, it’s about the experiences. A wealthy life is a life full of powerful experiences.”Listen in as the guys have a deep thought provoking conversation about how you get more joy and satisfaction in life by creating value and giving back to others.“Money simply solves money problems. We want to get to the point of solving time and money problems. Once your passive income exceeds your fixed expenses you get both of those and you can really think about how you can add more value to your life and experience giving back to others, moving up Maslow’s Hierarchy of Needs into Self-Actualization.” MarkTodd talks in brief about the differences in his coaching techniques when it comes to the wealthy and the poor and why you need to adapt to a mindset of self-responsibility in order to empower yourself and give yourself the ability to shape your life in the direction you want.He also dives deep into these principles that he accredits to his success:A high value on growth—Level 2 thinkingClarity of thinking and commitmentIntegritySystems and leverageRisk management“Level 2 thinking is understanding risk management, understanding the role of active risk management when it’s properly done. Level 2 is dynamic, it’s subtle, it requires more knowledge to fully develop and understand. But it’s well worth doing because it’s way more accurate than our world. It reflects reality and so it allows you to work within reality way more productively.”We try to include an inspirational quote into every podcast write up, but today’s show is packed full of so much wisdom, it was hard to choose just one…. Hence, this is why you always leave a conversation with Todd Tresidder, a little bit smarter.TIP OF THE WEEKMark: Learn more, go to FinancialMentor.com where you can find freebies, resources, and all of Todd’s books!Scott: Mac users, for the next generation of trash bin check out TheBin,Todd: How much leverage are you applying in your life? To understand how leverage connects with risk management to build wealth, read Todd’s book, The Leverage Equation but How Much Money Do You Need To Retire.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

In this week’s Round Table discussion—first, we talk business and where we are in the current state of the economy. Then, the claws come out as the team gets into a colloquy over the Netflix Documentary, The Tiger King. Joining Mark this week are:Scott BossmanMimi SchmidtErik PetersonTate LitchfieldScott ToddListen in as we go around the table for a business update during the current state of the economy. Find out if the team is starting to see more of an impact in the land business as the world's economy takes an even harder hit and joblessness continues to rise.Is the team starting to see more defaults and requests for loan modifications?And what about people who are wanting to purchase land, have those numbers dropped?No. In fact, they seem to be on the rise!There were several first time sales among the team's students this last week and one of Erik’s student’s actually quadrupled their passive in the last 2 weeks!Scott Todd gives us an inside analytic view of the increasing numbers on Landmodo… including the number of users which is up by 11%!Is the worst yet to come or is it behind us?That remains to be seen, but for now, Erik Peterson is just going to keep “goin’ with the flow.”Next on the table, you are not going to want to miss the discussion over The Tiger King! Without giving away too much, the team round tables the following, and you may even see some claws come out during the discussion...Did Carol kill her husband?Is Carol as bad as Joe Exotic?Do you think Joe got a bad rap?Who wants to punch Howard?#TeamJoe #TeamCarol #TeamThey’reAllFreakingNutsScott Todd Tiger King Tours of Tampa (segway included)Where is polygamy legal?Who is going as who for Halloween/Bootcamp?If you own a tiger, you might be a crazy person…Plus, Mark makes a very generous offer, he is offering a free Investor’s Toolkit (valued at $1,997) to the person who submits the best Tiger King meme. Keep it classy people and listen in for details...TIP OF THE WEEKMimi: If you need money to fund deals, try FundAndGrow.com. They are loan brokers.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Today’s guest became a financial planner at the worst time possible, in the midst of 2008 during the financial crisis, but it was watching the CPA he worked for at the time tell client after client that they lost half of their retirement that was the pivotal moment for him. Mark Willis is a Certified Financial Planner, a #1 Best Selling Author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois.  Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with sophisticated, tax-efficient financial solutions. As the co-host of Not Your Average Financial Podcast, Mark shares strategies for investing in real estate, paying for college without going broke and creating an income in retirement you will outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, become their own source of financing, and create tax-free income in retirement.With Scott on vacation, join the two Marks as they delve deep into the self-banking system and explore:The four most dangerous words in your financial vocabulary—do it for meThe lies about your 401kThe difference between rate of return and the rate of income and which is more importantWhat it means to go upstream financiallyWhy is self banking better than traditional bank“I think a lot of people are quoted misinformation. You could search this or read it in any magazine, that the market goes up 10 percent a year. So how is it possible that real investors are getting something closer to three, three and a half to 4 percent?”Listen in now as Mark Willis has us asking ourselves, “what do I want my money to do for me” and shows us how to invest the safe and predictable way, by Banking On Yourself!TIP OF THE WEEK Mark Podolsky: Learn how you could get total control of your money, learn how to bank of yourself —get that rate of return, rate of income, get the flexibility, get out of debt, versify your tax strategy. Start investing real estate with this model. Just talk to Mark to learn more at LakeGrowth.com.Mark Willis: Take a look at what you've earned last year and at what your net worth changed over the last 12-months; increase the volume of savings by 1% a year. Also, go to GrowMoreWealth.com—now BankOnYourself.com, for a 15-min. strategy session.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?