The Art of Passive Income

In today’s episode of The Art of Passive Income—Round Table edition, join us as we take a look back at some of our most popular episodes. We chose three clips that have one common factor: TIME. This first topic up is the artificial timeline some set on certain aspects of this business or even on the success of their business. It’s always good to have goals to strive for, but don’t make time your end-game. “Don’t put a period on your goals, use a semicolon.” While our first clip talks about why you shouldn’t set a timeframe for this business, the last two clips are centered around the value of your time and how to avoid the huge time-suck of overthinking it! Listen in now... Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott are joined by Whitney Nicely, a real estate investor who is all about girl power! Raised in a family that sold dump trucks, Whitney originally thought that’s all she’d be doing with her life. But, upon realizing that her mom had been collecting checks in the mail for years, she decided to get out of the trucking business and into the new family gig: real estate investing! Whitney is all about empowering women to do what they love, especially real estate. She broke into the man’s world to bring you some inspiring tips for breaking into it, too! Some things we cover: Getting started with next to no money Realizing that land is everywhere, and it’s all for sale Lease options and how they can help jump-start your career Whitney isn’t afraid of the game that the real estate investing industry is, and neither should you be. When it comes down to the basics, anyone can do it so long as you’re willing to put in the work. Besides, who wants to work 40 hours a week just to make ends meet? Not Whitney! TIP OF THE WEEK Mark: Learn more about Whitney by going to her website at WhitneyNicely.com. Scott: Read the book, The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz. Whitney: For setting up automation, check out ifttt.com.  Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Scott Bossman Tate Litchfield Erik Peterson Aaron Williams Mimi Schmidt Scott Todd We get into a great topic this week and that is the debate over Landmodo ads—Is it better to put more information in your ads to save time in the long run, answering questions from leads that may not go anywhere. Or, do you give less information to create that air of mystery to open up a line of communication? The gang all give their feedback on which they believe is the better way to go and we come up with the definitive answer! Plus, we compare Landmodo.com to the other land websites… apples to oranges. TIP OF THE WEEK Mimi: Build your marketing strategy around the holidays with this Excel Spreadsheet by Leadpages. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

This week on The Art of Passive Income, we’re joined by the Hipster Investor herself, Ali Boone. Ali was an Aerospace Engineer who began her real estate investment career to get out of the corporate world. She discovered the Turnkey model of investment and was able to build an amazing business out of it. She joins us today to offer her insight and break down the myths and stigma attached to Turnkey investing. Some things we cover: Being Hands-Off doesn’t mean being uninvolved How to choose the right property How to avoid bad advice Ali also dives into the advantages Turnkey has for people who are just looking to get into real estate versus people who have done it for years, and why it might be the right fit for anyone. We also find out just important the right property management company can be, and how it can make or break your new residential land. Let this hipster show you how it’s done! TIP OF THE WEEK Mark: Learn more about Ali Boone at HipsterInvestments.com. Scott: Check out the App, Hushed for an affordable alternative to running multiple phone lines. With Hushed, you can have all the business lines you need right in your pocket. Ali: “Don’t take advice from people you wouldn’t trade shoes with,” which is to say that if someone isn’t in the field you want to pursue, maybe reconsider any advice they give you.

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Mike Zaino Erik Peterson Tate Litchfield Scott Todd Scott shares his excitement as we head into his most favorite time of the year, for land investing—people are in the money spending mode, wallets are open, and it’s a good time to be a land investor! Then, Tate brings up a topic that came up during Office Hours this week and that is the deal of the week and how much you should mark your properties down. Join the gang as they delve into these questions: Do you give deep discounts? Do you go by a percentage? Do you just offer low downs? Or, are receiving these advanced notice deals in your inbox a great deal in itself? The guys all dig deep into their own tactics and share their best-kept secrets with us. TIP OF THE WEEK Mike: Listening to uninformed people is worst than having no answers at all. -Ray Dalio   If you’re thinking about doing this business, get the real facts, talk to one of the experts. 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 episode of The Art of Passive Income, we take a bite out of the Big Apple to meet with Craig Cody. Craig is a CPA, a Certified Tax Coach, and a retired police officer. Craig has been in the tax business for 17 years now, and while he’s no longer chasing “perps” down the streets of New York City, he still maintains the same type of rush and dedication to saving clients thousands of dollars in taxes and seeing the look of delight on their faces. He’s joining us today to share some amazing tips on how we can cut our taxes down to next to nothing and offering the listeners a free copy of his book, 10 Biggest Tax Mistakes That Cost Business Owners Thousands.  Some things we cover: Planning Choosing the correct business entity to do operate under Understanding the Tax Codes Documenting everything Craig also clues us into what we might be able to deduct off of our taxes in our personal lives. Even something as simple as your pool can count as your Home Athletic Facility. Craig dished out some must-have tips for all of your tax needs. Listen in as the Master teaches his young Padawans the way of saving money on their taxes! TIP OF THE WEEK Mark: Learn more about Craig Cody in getting a 3 to 500 percent ROI on your tax planning at CraigCodyAndCompany.com. Scott: The App, Undisturbed, given by Scott appears to be unavailable now. Being that the podcasts are recorded well in advance of publishing, this happens occasionally. The company APP-enzeller.com does have other apps available though. Craig: Read the book, Extreme Ownership: How U.S. Navy SEALs Lead and Win by Jocko Willink. You can learn nuggets of good information in it like communicating with people. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Mimi Schmidt Tate Litchfield Scott Bossman Erik Peterson Aaron Williams Scott Todd Scott Bossman brings up an interesting and challenging situation that he faced last week. One that raises Mark’s blood pressure and leaves him feeling anx-gry and the whole gang riled up! He had an intake deal in progress with a gentleman that he connected with on a personal level. The seller told Scott that he had owned this property for over 30 years and Scott’s offer was the first one he had ever received. They agreed on a price and everything was good to go until another investor sent an offer right before the deal was done and the amount was double Scott's offer. Should Scott hold the seller to the original agreement since he had already put in all of the work, or just offer more money since he already had a buyer in place? And, what about the other investor who is also a community member, should Scott reach out to them to let them know that their offer is too high for the area? Everybody weighs in on how they would proceed. Then, Scott Todd tells us about a little scarcity experiment he performed in an area rich with land investors. He ran the analytics on APN numbers and the number of times they were mailed to and the results may shock you! Listen in to find out what that number was and to hear the outcome of Scott B’s. situation. TIP OF THE WEEK Mimi: Check out WhitePages.com—a less expensive alternative to Intelius. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Brett Snodgrass—a full-time wholesale real estate investor and the CEO of SimpleWholesaling.com. Brett tells us that he’s always had a heart for entrepreneurship, even as a young child counting quarters in his piggy bank to see how much money he had. As a young adult, he studied business in college but was not interested in climbing the corporate ladder, so he left after a year and then went on to get a bachelor's degree in teaching. After four months of teaching, he knew it wasn’t for him either so he decided to follow his heart and read everything he could on entrepreneurship. After reading, The Millionaire Real Estate Investor, he knew real estate was where he wanted to be. His dad introduced him to a land developer that was on The Land Geek podcast, and that’s when his real estate journey began. Join us as Brett shares the details of his first deal and how it ultimately led him to Simple Wholesaling which is a lot like land investing, except with a house on the property. Brett uses the direct mailing method and looks for motivated sellers who are: Delinquent on taxes Have code enforcement violations Absentee or out of state owners Probate inheritances  Also, find out the type of properties Brett looks for, his top 3 lead generation sources, plus so much more! Listen in now as Brett dives into all the details of wholesale real estate investing, the simple way. Resources mentioned: Postal Impact SuccessorData.com TIP OF THE WEEK Mark: Learn more about Brett and wholesaling at SimpleWholesaling.com. Scott:  Read the book, You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life by Jen Sincero, to help you stop doubting your greatness and help you start living an awesome life. Brett:  Check out CloudHQ.net. It's an extension of Gmail that allows you to create a video and embed it into your email. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Scott Bossman Erik Peterson Tate Litchfield Aaron Williams Mike Zaino Scott Todd In this post, Orlando Bootcamp edition, the gang goes over their biggest takeaways. But not all were good and that leads the guys into a deep discussion about time value and why it makes better sense to follow the recipe. By following the recipe, you make fewer mistakes, cook more efficiently, and it’s done and on the table quicker leaving you ready to rinse and repeat—i.e. scale your business faster! Listen in as the guys dive deep into following the tried and true recipe and why some choose to do all the labor themselves instead of outsourcing those time-consuming tasks. Is it a labor of love, or fear? TIP OF THE WEEK Mike: Don’t worry about what you have to do, celebrate what you get to do. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

In today’s episode of The Art of Passive Income, Mark and Scott talk with Stephen Shapiro—StephenShapiro.com. Stephen is a big deal. He is in the business of company innovation and helps companies like 3M, Proctor and Gamble, Nike, and Marriott improve their innovation practices. Stephen is also the author of four books and has spoken to audiences in 50 different countries. Before Stephen became an expert in innovation and helping companies grow he was working at the opposite end of the spectrum in business optimization, which meant he was helping companies shrink and in the process people were losing their jobs. Seeing the impact it had on those who lost their jobs, he decided that he didn’t want to be part of that process anymore. So, he took a leave of absence and then decided to focus on innovation and growth. He created a 20,000 person practice and has never looked back since… that was over 20 years ago. Join us as Stephen dives deep into the approach of business innovation, including: The real definition of innovation How he convinces big companies to innovate instead of cut Where he sees companies struggling The worst advice he has seen given Plus, so much more! You can cut expenses and become optimized, however, you can’t cut your way to success. If you start cutting out all the expenses then the revenue is going to take a hit too because the two of them work hand in hand. There is no end date in innovation. You don’t reach your goals then take your foot off the accelerator and expect your company to keep going at status quo. Innovation is constantly changing and evolving with the market and it’s important to stay on top of your game and always look for new ways to grow and stay relevant in the market. Jeff Bezos is a good example of that. Jeff founded Amazon nearly 25 years ago, it’s the largest online retailer in the world and his foot is still on the gas pedal. They are still innovating like they are new. He’s set this long-term time horizon that says, “We are not dealing with today—we are dealing with 500 years from now. We are not done—We haven’t even begun.” Listen in as we travel deep into the world of business innovation, and find out which 3 CEOs Stephan would invite to dinner and what question he would ask them. Stephen's book recommendations:  Best Practices Are Stupid: 40 Ways to Out-Innovate the Competition written by himself Surely You're Joking, Mr. Feynman!: Adventures of a Curious Character -Richard P. Feynman Man's Search for Meaning -Viktor E. Frankl Orbiting the Giant Hairball: A Corporate Fool's Guide to Surviving with Grace -Gordon MacKenzie TIP OF THE WEEK Mark: Learn more about Stephen and true innovation the right way at StephenShapiro.com. Scott: Check out Checkiday.com. It shows you holidays that you can weave into marketing emails. Stephen:  Check out PersonalityPokerGame.com. It's a tool for teamwork. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?