The Do More Podcast

Celebrating our 100th episode, I reflect on the journey and the importance of taking consistent action in achieving success. Many individuals hesitate to act until everything is perfect, but the key takeaway from today's discussion is that taking action, even in a makeshift environment, is crucial. I share insights from past episodes, emphasizing that most successful guests faced significant challenges but found their way by committing to their goals and embracing the learning process that comes with setbacks. As I settle into my new office space, I recognize that growth and fulfillment come not from the quantity of achievements but from the quality of our actions and the lessons we learn along the way. Join me as we explore how to break free from comfort zones and pursue meaningful goals in our personal and professional lives.Takeaways: Reaching the milestone of 100 podcast episodes signifies dedication and persistence in the podcasting journey. Taking action is essential; many individuals hesitate to start due to perfectionism that holds them back from progress. The importance of having a 'big why' and setting substantial goals cannot be overstated in achieving success. Learning from failure is crucial; one must embrace losses to pave the way for future victories in any endeavor. Consistency in actions, even when the process becomes mundane, is vital for mastering any craft or business. It's not the quantity of assets that matters; rather, focus on cash flow and personal fulfillment in your pursuits. Links referenced in this episode:L4Investing.comThe Do More Podcast

Yona Weiss is a cost segregation expert and real estate investor, also hosting the Weiss Advice podcast. In this conversation, he dives into the intricacies of cost segregation, revealing how breaking down property components can lead to significant tax reductions. He discusses when this strategy is beneficial and the potential pitfalls to avoid. Additionally, Yona emphasizes the importance of working with specialized tax advisors for real estate, and shares insights on maximizing deductions while navigating changing tax laws.

Setting clear and impactful goals is essential for success in both real estate investing and personal development, as highlighted by Jon Farling in this episode. He emphasizes the importance of not only defining our goals but also communicating them to those around us, including family and team members, to foster accountability. Jon reflects on his own journey and the growth that comes from pursuing ambitious objectives, noting that the process can lead to significant personal transformation. He encourages listeners to break their larger goals into manageable steps, illustrating that achieving significant milestones often requires a structured approach and a clear timeline. By understanding our motivations and the impact our goals have on others, we can create a more meaningful path to success.Takeaways: Setting clear goals is crucial for success in both business and personal life, as it provides direction and accountability. Communicating your goals to family and team members can enhance accountability and foster a supportive environment. Breaking down larger goals into smaller, manageable tasks helps in achieving them incrementally, making the process less daunting. It's important to set ambitious goals that inspire growth, as aiming low can limit potential and learning opportunities. Links referenced in this episode:L4Investing.comThe Do More Podcast

Work-life balance is a commonly discussed concept, but in this episode, I challenge the idea that such a balance truly exists. Instead, I propose that the focus should be on what I refer to as "filling your cup," which emphasizes the importance of personal fulfillment over the pursuit of an equal distribution of time between work and life. As summer approaches and my kids are home from school, I reflect on my experiences of working from home and how I've navigated the complexities of family life and business responsibilities. Throughout our conversation, I highlight the seasons of life and the adjustments we must make as our circumstances change, particularly as children grow older and our personal and professional priorities shift. By understanding that fulfillment in both work and life does not require strict balance, we can better engage with our loved ones while also pursuing our professional goals effectively.The Do More Podcast Takeaways: The concept of work-life balance is often misunderstood; Jon argues that it does not truly exist. Instead of striving for balance, we should focus on 'filling our cup' to be present and effective. Life goes through seasons, and as children grow, our priorities and routines must adapt accordingly. Success in any field often requires sacrifices, and that can affect personal relationships significantly. Establishing a routine is crucial for maintaining productivity and ensuring fulfillment in both work and family life. Ultimately, being successful means knowing when to prioritize business and when to be fully engaged with family. Links referenced in this episode:L4Investing.com

My friend John Chapman, a two-time guest on our show, shares his personal journey of transitioning from a demanding career as an attorney to embracing the world of real estate investing. We delve into the emotional hurdles that accompany such a leap, the initial exhilaration of freedom, and the unexpected challenges that arise when the structure of a traditional job is removed. John and I reflect on the importance of finding meaningful activities post-job and how this journey influences our overall sense of fulfillment. Ultimately, we explore how financial independence not only allows for greater personal freedom but also necessitates a proactive approach to maintaining productivity and happiness.John Chapman returns for a thought-provoking discussion on the challenges and triumphs of achieving financial freedom through real estate investing. Our conversation covers the emotional turmoil of quitting a stable job, highlighting the mixed feelings of excitement and fear that accompany such a significant life change. We explore the critical question: What happens after you leave your traditional job behind? Chapman shares insights from his own journey, noting that the initial weeks of freedom can lead to an unexpected existential crisis. He reflects on the need to find new ways to be productive and fulfilled outside of a structured work environment, emphasizing that simply stepping away from a job is not enough; one must actively seek new avenues for engagement and satisfaction.Key Takeaways: Quitting your job can be a daunting leap, often filled with fear, even when financially viable. The initial excitement of leaving a job can quickly turn into an existential crisis if no plans are set. Finding productivity outside of a traditional job is essential for maintaining fulfillment and happiness. Creating a structure and routine post-job is crucial to avoid feeling lost and unproductive in daily life. Building relationships with brokers and having credibility is key to finding better deals in today's market. Investing in tertiary markets can provide stability, as larger players often avoid these areas, reducing competition. Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.The Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Explore essential strategies for effective underwriting in self-storage investments. Learn to identify value-add opportunities and avoid common pitfalls that can thwart your success. Discover why smaller storage facilities can yield strong cash flow and examine alternative funding options beyond traditional equity. Understand the misconceptions surrounding square footage metrics and operating expense ratios. This insightful discussion equips investors with the tools needed to maximize their storage investments.

I'm excited to explore the inspiring journey of Chris Michaels, the new leader of the Storage Rebellion. Chris opens up about his path from financial struggles to becoming a thriving self-storage investor and how this shift unlocked opportunities for a richer, more meaningful life. Along the way, he shares how taking action, even in the face of self-doubt and limiting beliefs, was the key to his success.Chris emphasizes the powerful role of community support and reassures aspiring investors that it’s okay to start without having every detail figured out. In our conversation, he also highlights the holistic philosophy of the Storage Rebellion. It's not just about teaching people how to succeed in self-storage investments; it’s about fostering personal growth and finding balance in all areas of life.By blending financial education with a focus on personal development, Chris shows that building wealth is only part of the equation. Ultimately, it’s about using that success as a stepping stone to create a fulfilling and impactful life.Takeaways: Building a successful self-storage business requires taking action despite lacking complete knowledge or resources. Community support is crucial when starting in self-storage investing; it helps overcome initial hurdles and limiting beliefs. Financial freedom through self-storage can lead to personal growth, but wealth alone does not guarantee fulfillment in life. Self-storage investment allows for flexible operational strategies, enabling investors to focus on long-term goals rather than day-to-day issues. Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.The Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Ruben Izgelov from We Lend LLC joins me to discuss the dynamic landscape of private lending in today's market. A key point we explore is how the current era is being hailed as the "golden age of private credit," particularly as traditional banks tighten their lending criteria. Ruben emphasizes the importance of adaptability in lending practices, noting that his firm bridges gaps left by shrinking community banks to offer tailored financing solutions. We discuss the challenges and opportunities that real estate operators face, including the shift from flipping properties to holding them as a hedge against inflation. Our conversation also touches on the significance of maintaining strong relationships with borrowers, which is essential for successful lending in this evolving environment.Takeaways: In today's lending environment, private credit is thriving as banks reduce their lending capacity. To succeed in real estate lending, having skin in the game is essential for both lenders and borrowers. Investors are increasingly transitioning from equity investments to debt financing for better security. Effective communication and quick response times from lenders are critical for closing deals successfully. Understanding the underwriting process is vital for new lenders to identify and mitigate risks effectively. Maintaining strong relationships with experienced borrowers is key to successful lending operations. Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.The Do More Podcast

Dive into the dynamic world of a diverse mastermind group where business owners connect and collaborate for growth. Discover how accountability loops and understanding personality types enhance team dynamics. Learn about impactful networking strategies from a recent retreat in Clearwater Beach. The emphasis on clarity of vision and prioritization shines through, showcasing the power of small contributions leading to significant community improvements. This gathering is all about transforming individual challenges into shared solutions.

Bob Bush, the president and CEO of Mutumbo Coffee, shares his compelling story that blends his personal history of global culture and social impact. From humble beginnings in a small Midwestern town, his journey to becoming a key player in the coffee industry is as much about self-discovery as it is about professional achievement. Bob reflects on how his early life experiences, combined with a passion for learning, propelled him into diverse academic and professional environments, ultimately leading him to work across various continents. His insights uncover the importance of understanding diverse cultures through travel and exploration, emphasizing that true diversity is much more than surface-level characteristics. This philosophy not only shapes his worldview but is also a driving force behind the mission of Mutumbo Coffee, which aims to use the rich heritage of African coffee to foster meaningful conversations and connections. Key Takeaways: Bob Bush, the CEO of Mutombo Coffee, shares his journey from a small town to global business success. He emphasizes the importance of travel in broadening one's perspective and understanding diverse cultures. Dikembe Mutombo's philanthropic efforts are highlighted, showcasing his commitment to social impact in Africa. Bush discusses the challenges of navigating international trade, especially in the coffee industry, amidst global tariffs. The conversation touches on the need for resilience and adaptability in business during uncertain times. Mutombo Coffee aims to promote meaningful conversations and community engagement through its coffee products. The Do More Podcast Thanks for following, subscribing and listening to this episode of The Do More podcast hosted by Jon Farling. To learn more or ask questions, go to l4investing.com.https://creativecommons.org/licenses/by-nd/4.0/