The Best Passive Income Model podcast

Player FM - Internet Radio Done Right

86 subscribers

تمت الإضافة منذ قبل ten عام

المحتوى المقدم من Mark Podolsky. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Mark Podolsky أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

1
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332 51:40

منذ 11 weeks51:40

التشغيل لاحقا

قوائم

إعجاب

احب

51:40

Despite having a strong product idea, Reid Hoffman’s first startup collapsed, forcing him to return investors’ capital. This tough experience reshaped his approach to entrepreneurship. By embracing failure, iterating quickly, and adapting relentlessly, he went on to become a leader at PayPal and later, the co-founder of LinkedIn. In this episode, Reid shares the concept of blitzscaling, which prioritizes speed over perfection, smart strategies for taking risks, and insights on achieving rapid market dominance. In this episode, Hala and Reid will discuss: (00:00) Introduction (01:32) Building Impact-Driven Businesses (02:56) Why We Need More Entrepreneurs (04:31) The Vision Behind LinkedIn’s Success (06:43) Lessons from a Failed Startup (09:26) Making Quick, Intense Decisions at PayPal (12:39) Blitzscaling: Prioritizing Speed Over Efficiency (18:10) Maintaining Company Culture While Scaling (21:20) The Power of Early Market Dominance (25:01) The Five Stages of Company Growth (28:54) Strategies for Taking Intelligent Risks (31:44) Why Product Perfection Delays Success (33:25) Pivoting Early to Seize New Opportunities (36:18) Entrepreneurship as a Team Sport Reid Hoffman is an entrepreneur, investor, partner at Greylock, and co-founder of LinkedIn and Inflection AI. He was an executive at PayPal and a founding investor in several companies, including OpenAI. Reid actively supports various non-profits and has received numerous accolades, including an honorary CBE from the Queen of England and the Salute to Greatness Award from the Martin Luther King Jr. Center for his philanthropic efforts. Resources Mentioned: Reid’s Book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies : amzn.to/4jnQkfQ Sponsored By: OpenPhone - Get 20% off 6 months at openphone.com/PROFITING Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. Career, Success, Entrepreneurship, Productivity, Careers, Startup, Entrepreneurs, Business Ideas, Growth Hacks, Career Development, Money Management, Opportunities, Professionals, Workplace, Career podcast, Entrepreneurship podcast…

The Best Passive Income Model Podcast

منزل السلاسل•Feed

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 23:55 (1y ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Mark Podolsky (AKA The Land Geek), successful land investor, land investing coach and creator of the popular Land Geek Podcast has unscripted, free-flowing conversations with real estate and business experts. Discover why Land Investing is The Best Passive Income Model (no physical inventory, a one-time sale, recurring revenue, a built-in incentive for the buyer to continue paying, and low competition) as Mark challenges each guest to think of a better passive income business. Learn about strategies, skills and helpful tips that will help you grow your Passive Income through Land Investing.

112 حلقات

#Trading #Business #Bestrealestateinvestments #Bestwaytoinvestinrealestate #Bestwaytostartinvestinginrealestate #Howtobecomearealestateinvestor #Howtobuytaxlienproperties #Howtomakemoneyinrealestate #Makingmoneyfromrealestate #Passiveincome #Passiverealestateincome #Propertytaxliens #Realestate #Startingarealestatebusiness #Taxlieninvesting #Taxlienproperties #Taxlienpropertiesforsale #Taxliensales #Mark Podolsky

The Best Passive Income Model Podcast

86 subscribers

updated منذ 9 أعوام

منزل السلاسل•Feed

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 23:55 (1y ago)

112 حلقات

كل الحلقات

The Best Passive Income Model Podcast

1
All Good Things Come To An End 11:16

منذ 9 years11:16

11:16

Please note the current podcast with weekly land investing round table discussions with our Land Geek coaches and clients can be found at The Art of Passive Income Podcast It's true...nothing stays the same in business and that means it's time to say goodbye. You get to witness the evolution of a podcast! The Dawn of The Land Geek Era brought The Land Geek Podcast. The Passive Income Obsession Grew with The Best Passive Income Model Podcast. And now, the Brand New Mutation is here with The Art of Passive Income Podcast! Listen in one last time as Mark remembers all the great guests he's hosted and says good-bye as he's moving on to the next big thing. TIP OF THE WEEK: Check out the new Art of Passive Income Podcast . If you subscribe, rate, and review The Art of Passive Income and send a screenshot to support@thelandgeek.com you’ll not only have a chance to win an Investor’s Toolkit, but we’re going to send you some free goodies right away.…

The Best Passive Income Model Podcast

1
While the Boss is Away It's Time to Play 34:06

منذ 9 years34:06

34:06

Uh-oh, this isn’t Mark…today we’re mixing things up a bit. Every task I’ve helped Mark with he’s always told me to make it my own—he has always given me creative room to breathe. So while Mark was busy with other things this week, I thought I’d sneak on here and share with you some of my favorite highlights from Land Geek students. Why should you care about my favorite student stories? If you haven’t guessed yet, it’s me, Danielle Dyball…if you don’t know who I am well I’m always working hard behind the scenes here on the Land Geek team. My official title is Chief Geek Administrator, and while I help with everything from support to planning Bootcamps, one of my favorite things about working with Mark is the community. Getting to know the students is always encouraging…whether it’s helping you troubleshoot technical issues or listening as you share your story with us, I absolutely love the Land Geek Community. And we know how much you all love hearing from The Land Geek students too, so I’ve handpicked some of my favorite stories from star pupils. Chris Clark kicks off this episode. Chris is now a Land Geek coach—hear how he got started with land investing using Mark’s system and why he prefers land over house flips any day. Next is John & Becky Burnett, our first couple team. While John always sees the big picture, Becky has the ability to narrow down that vision to accomplish all those little tasks required to reach the ultimate goal. Becky is John’s perfect partner in marriage, married for 32 years, and in business—and while they may not remember how they found Mark they do know his methods are solid as they’ve created a successful business together. Sometimes it gets a bit confusing when we’re on-boarding new coaching students because not only do we have Chris Clark as a coach, but Chris Pritchard has also recently joined the coaching team. Chris Pritchard found The Land Geek while looking for his next side hustle…listen in as Chris shares with us how land investing has been his greatest side hustle. Last but not least…when talking about Land Geek students we just can’t get away without talking about Scott Todd. Scott has definitely reached celebrity status in the community and I’ve even been told a few times that some of our lady Land Geeks out there have a major crush on Scott. In this episode, Mark & Scott talk about building your list. And if you just can’t get enough of Mark and Scott be sure to check out their new podcast, The Art of Passive Income ! If you subscribe, rate, and review The Art of Passive Income and send a screenshot to support@thelandgeek.com you’ll not only have a chance to win an Investor’s Toolkit, but we’re going to send you some free goodies right away. If you haven’t registered yet for the Vegas Bootcamp go do so now, Bootcamp is two weeks away and we are down to our last two seats. Go to thelandgeek.com/bootcamp for details! Well, the show wouldn’t be complete without a tip of the week, my tip is to go join the free community at thelandgeek.com —ask questions, share your story.…

The Best Passive Income Model Podcast

1
Get Ready For The Art Of Passive Income Podcast 17:19

منذ 9 years17:19

17:19

Are you ready to discover the best passive income models out there? Mark and Scott are sure it's land, but once your land business is 90% automated maybe you'd like to create another stream of income? As technology, automation, and robotics change the world and business, those with solo economic dependency are in trouble. Listen in as The Best Passive Income Model meets Mixergy ? Maybe not that intense, but we have great things in store for you... Today, Mark and Scott talk shop, get geeky, and weigh in on what technology has in store for the future as they introduce their new podcast which launches next week! TIP OF THE WEEK: Scott: Checkout Pipedrive , a CRM that helped Scott followup on a lead and make a deal this week. Mark: Sorry Android people, YouTube Director is for Apple users, but helps small businesses create ads for YouTube. Want your questions answered? Summit your question at wiselike.com/mark-podolsky Your question may just end up on the next FAQ episode! We are ready for Vegas, Baby—you've got to get to Bootcamp! Isn't it time to meet the community and take your training to the next level? Learn more and register here: thelandgeek.com/bootcamp The Official Land Geek Motivation & Wealth Creation Group on Facebook has over 300 members. Join for free today! Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
The Land Geek's Mailbag of FAQs 17:19

منذ 9 years17:19

17:19

We haven't had a bigger guest than today...we're thrilled to announce— bing bong bing, ding ding dong —Mark Podolsky! Listen in as Mark interviews The Land Geek himself as he goes through his mailbag answering some of those questions we hear all the time. It's time to get your newbie questions answered... How much money do you need to get started? Can I really do a dual deal with no money? Where are the best places to invest? Can an international investor be successful with The Land Geek's model? Want your questions answered? Summit your question at wiselike.com/mark-podolsky Your question may just end up on the next FAQ episode! We are ready for Vegas, Baby—you've got to get to Bootcamp! Isn't it time to meet the community and take your training to the next level? Learn more and register here: thelandgeek.com/bootcamp The Official Land Geek Motivation & Wealth Creation Group on Facebook has over 300 members. Join for free today! TIP OF THE WEEK: Read Triggers: Creating Behavior That Lasts--Becoming the Person You Want to Be by Marshall Goldsmith , plus more! Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Mark Asquith’s Rules For Those Just Starting Out 32:51

منذ 9 years32:51

32:51

In today’s episode of the Best Passive Income Model, Mark talks with Mark Asquith—host of Excellence Expected , the number one small business podcast out of the UK. Excellence Expected is a way to share actual advice and inspirational initiatives borne out of the trials and tests he was faced with when he started and ran his businesses. Mark is also the co-founder of an online podcasting platform, PodcastWebsites , which he runs with John Lee Dumas from Entrepreneur on Fire. Mark delves into how he broke through the noise in the market and created his own noise to get traction and drive sign ups. Three important factors are: Run test experiments. Build an avatar or profile of your ideal customer. Get out there, boots on the ground and talk to people! If you talk to 10 people and ask them to talk to 10 people, you will grow and surpass expectations. Listen in for all the details! TIP OF THE WEEK Mark Podolsky: Read Ask: The Counterintuitive Online Method to Discover Exactly What Your Customers Want to Buy...Create a Mass of Raving Fans...and Take Any Business to the Next Level by Ryan Lavesque. Also, learn more about Mark Asquith at Excellence Expected.com Mark Asquith: Read The Mom Test: How to talk to customers & learn if your business is a good idea when everyone is lying to you by Robert Fitzgerald—a book that will walk you through how to question people, how to talk to people in an unassuming manner, how to extract the right type of information from people so that you get the details that you need and your secret. Also, read Will It Fly?: How to Test Your Next Business Idea So You Don't Waste Your Time and Money by Patt Flynn. This book will teach you how to talk to your customers for research as well. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
The One Thing You Should Do When Starting Out In Business 34:16

منذ 9 years34:16

34:16

In this episode of The Best Passive Income podcast, Mark talks with Jefferson Lilly— ParkStreetPartners.com . Jefferson is a self-made millionaire and mobile home park investment expert, educator, and industry consultant who has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. Jefferson provides affordable housing to help people become homeowners. He tells us why he chose mobile home parks and how it's structured so that you don’t have to put much time or money into it, making it a true passive income! We also discuss: The parts of the business that suck Managing the parks Using outside capital Want to know more about this lucrative scale-able extension of the land niche? Listen in as we delve into mobile home investing! TIP OF THE WEEK Mark: Go to IFTTT.com to automate searches. Also, learn more about Jefferson Lilly at ParkStreetPartners.com . Jeff: Go to SearchTempest.com —a website that goes out and prowls through both Craigslist and eBay where you can type key words and find them. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Making Millions on Delinquent Tax Investing with Jack Bosch 46:40

منذ 9 years46:40

46:40

In this episode of the Best Passive Income Model Podcast, Mark talks to a fellow tax delinquent land investor, Jack Bosch— JackBosch.com . Jack, who is an immigrant from Germany, came to the US in 1997 with two suitcases, student debt, and zero knowledge on buying and selling real estate. Three years later he fell into land investing and has developed a system that has made him millions from 3,800 deals! He has also written an Amazon #1 seller with his wife, Michelle— Forever Cash: Break the Earn-Spend Cycle, Take Charge of your Life, Build Everlasting Wealth . Jack shares his story with us and delves into: Working with his wife Why there isn't a big pool of land investors His best deal What he thinks the future holds for land investors Plus, did being an immigrant give him an advantage? Listen in for for his answer and as we dig deep into the land niche! Tip of the Week Mark: Go to MyOpenPath.com if you’re interested in tax delinquent investing. If you’re interested in going even deeper and going into land investing, Jack Bosch has a one stop shop for it for a few bucks for month. You can get mini courses and test-drive everything. He has 10 modules on house flipping and a 16- module tax lien course. Get forever cash! Jack: For house investors, go to the CommunityBuyingGroup.com , they pooled power for multiple buyers and they get discounts from outlets such as Office Depot. You might be able to join for free. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Raising Funds And Crowd Funding Basics With Heath Binder 31:58

منذ 9 years31:58

31:58

In today’s Best Passive Income Model podcast, Mark talks with Heath Binder—head of investor relations for RealtyMogul.com . Heath is a crowd funding expert and in just two years, he has helped raise over $180,000,000! Heath shares his journey from real estate to private wealth management, and finally to real estate crowdfunding. Listen in as we talk about: The definition of an accredited investor The benefits on an online platform like Realty Mogul Why choose a crowdfunding platform over your family and friends network Capital raising tips One of the most important tips, which is applicable no matter what type of business you're in, you want to have a real sense of transparency. You need to establish trust with the people who are gonna give you their business. Also, Heath doesn't view investors who pepper him with due diligence questions as an impediment but rather as a learning process for his junior guys. That can also be said for land investing, whether you're a newbie or seasoned investor—we all may prefer easy, problem free due diligence, but the learning comes from the ones that make you work! Don't look at it as a hindrance, but an opportunity for growth. There is a lot of great information about real estate crowdfunding in this episode. Plus, commendable business practices for building a creditable business! Listen in now for all the details! TIP OF THE WEEK Mark: I recommend learning more about RealtyMogul . It’s not a bad place to park your money with ROI averaging at about 9%. Heath: I recommend Happiest Baby on the Block by a doctor named Harvey Karp. I also recommend checking out FiveThirtyEight.com for the latest news on the elections. Finally, go check out TechnologyInvestor.com . Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Building a Successful Blog with Leslie Samuel 34:04

منذ 9 years34:04

34:04

In today’s episode, Mark Podolsky, the Land Geek, talks to Leslie Samuel, former university professor and creator of becomeablogger.com and interactive biology blogs. His passion for education has led him on a mission to change the world one blog at a time. With a simple message of creating content, inspiring others, he is changing the world while building a solid online business. When he started to do research for his biology blogs, he saw that the other biology blogs were boring and made him yawn. He remembers getting his start with 400 people until he was able to build his community to 15,000 to 20,000 people a month. In the last month alone, he was able to get 95,000 to that blog and he hasn’t even touched his blog for years! His blog gave him the chance to teach what he wanted to teach and it eventually landed him a job as a professor. To build his blog, he says he used a combination of a number of different things. He put his videos on YouTube, the number two search engine in the world and leveraged that platform. He also said he was specific with the way he came up with titles for his videos. He says when people need information, they search and once they find content, if it’s good content, they’ll subscribe and start looking for other videos. Eventually, YouTube is going to see that and start recommending your videos as you’re searching. He also did “Strategic Outreach” where he approached other sites and bloggers in the same niche and formed alliances with them. This created a ripple effect for him. Essentially, blogging is about creating good content, putting it out there, making sure it’s written from a unique angle, and getting the right people exposed to it. When asked what good content was, Leslie says it depends on your target audience and having an understanding of who you want to reach. It is content that helps a specific person accomplish a specific goal or overcome a specific struggle but does it in a way that resonates with that person. When identifying your target audience, Leslie suggests that you have to know exactly who you are trying to reach. The narrower that niche is, the better and it is because if you know exactly who your audience is down to a tee and you create content that’s just for them, when the person finds you, they will know that the content you are creating is just for them. Make a list of questions that your target audience may have and start answering those questions by creating your blog post, which may consist of content, videos, or podcasts. Help your target audience accomplish their goals. Knowing and understanding the language they speak is also important. Leslie also makes sure he has written content. He even has someone transcribe his video so that he could have written content that Google will send a ton of traffic for because it’s indexing the written content. Choosing the medium that resonates with your audience is important. Monetizing your blog can take the form of affiliate marketing. This entails signing up with a company that has a product or service for sale, featuring the product or service on your website, and getting commissions from those sales. Then eventually, you can start creating your own products such as a course or an ebook. Getting a person’s email address is difficult but Leslie says that once you have their email address, you can start nurturing that relationship with them. In that relationship, once people get to know you, trust you, and see you as an authority in whatever niche you’re in, they’re more likely to buy from you. Building an email list is one of the most important things to do when building an online business. Email marketing is not dead, according to Leslie. He still thinks it’s one of the most effective way to drive sales. He says it’s more effective than social media and just about any other that we see out there. This, combined with webinars, are Leslie’s way of promoting his blog. Webinars with a good email follow-up sequence make sales go through the roof. On getting exposure and traffic, being in all the social media networks may not be the solution. He suggests that you pick one and master it. Choosing one social media network and focusing on it is effective and that is how you can make an impact in the noisy world we live in. When asked if Mark had the Best Passive Income Model, Leslie said it was the Best Passive Income Model for Mark. TIP OF THE WEEK Leslie: Read No Excuses by Brian Tracy. It doesn’t just go through the psychology and all that stuff but it also gives you actionable steps you can take. For me, the book was a game changer. Mark: Learn more about Leslie and go to becomeablogger.com where he’s creating a ton of value. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Stealth Wealth Discussions with Sam Dogen 45:10

منذ 9 years45:10

45:10

In today’s episode, Mark Podolsky, the Land Geek, talks to Sam Dogen who has been writing on personal finance for 7 years. He has an MBA for UC Berkeley, rated a 5.0 as a tennis player, a 16 handicapper in gold, and speaks three languages pretty well. He has lived in different countries and visited roughly 40 countries as of March 2015. He has been seen in The Wall Street Journal, The L.A. Times, Chicago Tribune, Forbes, Bloomberg, Kiplinger, and now, is a guest on the Best Passive Income Model Podcast. Sam worked in equities from 1999 to 2012, servicing institutional fund managers that they invest in. These were mostly mutual funds and some hedge funds. He also helped take private companies and placed institutional investors in public companies when they go IPO. The kind of stress Sam had to deal with working for the industry was getting to work at 5 AM in New York and 6 AM in San Francisco just to keep his finger on the pulse in relation to what was going on in the markets. There was never a dull moment. Working in the industry was fun for the first 9 years until 2008 to 2009 when it was no longer doing so well because of the housing market collapse. There was also a lack of correlation between performance and he had to subsidize the less well-performing peers. Then, the dot.com bubble burst in 2000. He particularly didn’t enjoy being considered Public Enemy No. 1 by people who didn’t pay their mortgages as was his experience working in the industry at that time. He started financialsamurai.com in 2009 to help allay fears and worries of people who experienced the crunch. Eventually, he also wrote a book called, “How to Engineer Your Layoff: Negotiate Your Severance and Be Free.” The book advises people never to quit but get laid off. Getting laid off gets you a severance package and the mandatory Warn Act Pay, a requirement by states and by larger companies to provide one or three months worth of pay that allow people to transition during a mass lay off. It is different from a severance pay. Benefits to be derived from getting laid off is being able to get a better recommendation from your peers, unemployment benefits which is currently at 26 weeks maximum per state, COBRA, and other things that will help you transition into the next phase of your life. Getting laid off if you are a star performer is a little different. You will need to build building blocks to get the severance negotiation by having a good relationship with your direct boss and the HR Manager at your office. Start the conversation, research online, and perhaps you can volunteer yourself to save someone else. This saves your manager from having to deal with laying other people off. Dealing with a bad manager is difficult as well. Sam’s book, “How to Engineer Your Layoff: Negotiate Your Severance and Be Free” empowers the employee. We have way more power than we realize. However, he mentions that putting stuff out on the internet will not make you a desirable candidate to other companies who may want to hire you and it doesn’t help the company either. If you have someone who has been trained to replace you, you can have a seamless transition. It’s about communicating with the people around you. Sam speaks from experience. He was able to get a severance package that has allowed him to take care of his living expenses until 2017. Hearing from people who write Sam to tell him their lives are so much better now has been the best experience for him. When asked about his definition of happiness, Sam equates this with progress. His philosophy is that when your relationships at home are progressing, you are happy. The difference between the rich and the poor, according to Sam, is not that great. Another concept Sam has come up with is Stealth Wealth. It is a way you think about money and think about how you want to be perceived by society in general. Having lived in different countries where there’s so much poverty has helped give Sam a different perspective. While others brag about their material possessions, there are people who are suffering. Being stealthy about what you own is better because you need to focus on purpose rather than your material worth. As a writer, Sam killed time and searched for stories by joining Über and becoming a driver. He met many random people and noticed the dichotomy between the wealthy and the others in San Francisco. Hearing their stories and reading their emails and comments on his LinkedIn account makes him happy. Sam and Mark both agree that in this day and age, everybody should try to leverage the internet in some way and try to make a lifestyle they want. His comment on Mark’s Best Passive Income Model is that he has a great passive income model and the key is if it’s working for him, he should continue doing it. There’s a plethora of ways to make money online but he says that Mark’s business model sounds good to him. TIP OF THE WEEK: Sam: Save an amount that hurts you a little bit. If it doesn’t hurt, you’re not saving enough. Everything starts with a fundamental aggressive savings model for you to be free and build those passive income streams. To better guide parents on how to raise financially savvy children, I advise against having them read my articles on “ How To Convince Your Parents To Buy You Everything You Want ,” and “ No Wonder Why Millennials Don’t Give A Damn About Money .” Children should read “ Spoiled or Clueless? Try to Work Minimum Wage Jobs .” Mark: Go to financialsamurai.com and read the most commented posts on the sidebar, “ How Much Money Do The Top Income Earners Make? ” “ Creating Powerful Friends ,” “ How Much Should People Have Saved in their 401ks at Different Ages ?” and “The 1/10th Rule For Car Buying Everyone Must Follow .” Also read , “Scraping By On $500,000 a Year: Why It’s So Hard For High Income Earners To Escape The Rat Race .” Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Growing Your Business By Meeting Your Customer’s Needs: Jim Palmer 45:04

منذ 9 years45:04

45:04

In today’s episode, Mark Podolsky, the Land Geek talks to Jim Palmer, a marketing, business builder, and in-demand coach. Jim is the founder of the the Dream Business Academy , Dream Business Coaching , and Mastermind Program. He is also the host of Dream Business TV watched by thousands of entrepreneurs and small businesses. He hosts Stick Like Glue Radio, a weekly podcast based on Jim’s own unique brand of smart marketing and business building strategies. He is internationally known as the Newsletter Guru and creator of No Hassle Newsletters and No Hassle Social Media . Jim’s 30 years of practical business experience and his kind of staying power is anchored on powerful customer relationships. As an old school thinker, he believes that getting up every day, delivering value, and focusing on service first will give you a longer lasting and profitable business. Jim set out to be a Vice President by the time he was 40. He achieved it but when he turned 41, his position was eliminated and he was unemployed. At that time, he had four teenagers to support and mortgages and bills to pay. He suffered through 15 months of unemployment and was even diagnosed with cancer. This brought him clarity and he started his first business because he was at a low point in his life and the only place to go from there was up. His first year of business was revenue free but it eventually caught hold and took off, becoming a 6-figure business. After 5 years, he started all over again. He created No Hassle Newsletters. 7 years ago, he started his own coaching business. Mark mentioned speaking to The Toilet Paper Entrepreneur author, Mike Michalowicz. He has written other books, including the Pumpkin Plan and Profit First . When an entrepreneur starts a business, there’s a lot of time but no money. However, when the business gets bigger, there is money but no time. Only about 5% of entrepreneurs are able to get systems and processes into place, allowing them to be free. Jim’s wife jolted him back to reality when she asked him when they were going to go on vacation – something they were unable to do during the lean years. The reality of time freedom hit him. Then, he hired his first virtual assistant. Jim brought up an interesting concept, “When I,” which is about moving your goal past when you should be investing in the future and the future company you want to have. The fastest way to get there is by getting a coach or working with somebody with experience. Another point Jim brought up is automating his business and documenting everything to a point where if something happens to him, his wife could effectively take over. Mark has done the same thing. Putting systems and procedures in place will allow you the flexibility of either continuing your business or selling it to a new owner who can then take over two days later and continue to run it. That’s a big part of getting top dollar for your business. For Mark, it’s in a Dropbox folder named, “In Case of Death.” Jim’s journey to becoming a prolific marketer and author of six books started with his first book. From this experience, he has learned that you don’t need to be perfect. A lot of people suffer from perfectionism, which prevent them from doing things they can be doing. Jim’s advice is to decide you want to be judged on the value of the information and content you’re providing. Being his authentic self has been liberating for him. Just be a prolific curator of the content. The content draws people to you. You just have to remember that people consume content in a number of different ways. Adam Grant’s book, the “ Originals ,” talks about people like Mozart and Bach who create original work. They kept creating work and as they did this they created masterpieces! Getting stuck because of perfectionism is something you can avoid. Good is good enough and you can always go back and iterate your past work. Mark calls it, “embracing the suck!” What’s important is that you have to be your authentic self because it’s liberating. Putting yourself out there will attract the right kind of people and repel people you’re not meant to do business with. You also need to be immune to criticism. You will not have a shortage of people who are going to tell you that you should be doing things differently. Jim mentions a hater who commented about his video where he also featured his dog. The hater said when Jim looked at his dog, he was disrespecting the audience. One way to deal with it is like water off a duck’s back. Grant Cordone’s take on this is if you’re not getting haters, you’re not working hard enough. Even if you only have 30% of your audience that’s going to love you, you can already make a nice living off them. One of the main things you need to do to be successful in business is to cure a pain and solve a problem. Starting with his No Hassle Newsletter, several other businesses came from that. The ideas usually came from customers who wanted more help. Jim says you shouldn’t overthink. That’s what gets you stuck. He doesn’t celebrate initial transactions but rather, he celebrates lifetime customers. It’s your job to find out all the other ways you can help them enrich their lives. In dealing with haters, Jim asks his assistant about the background of that particular hater and if no business has been generated out of that hater, he just hits the unsubscribe button. He will not put up with being disrespected. When asked if Mark had the Best Passive Income Model , Jim says he’s got one heck of a killer model. More importantly, Jim pointed out Mark’s clarity, enthusiasm, and passion for the business. He also pointed out vital things you need to succeed in business such as the processes and systems that are in place and that Mark knows his numbers. Since buying and selling raw land is not something the big companies are interested in, Mark is essentially flying under the radar too! Jim also applauded Mark’s abundance mentality. “Sharks swim in dense packs where there’s ample food supply,” a successful person once told Jim. Mark says that there’s always room for innovation similar to Cirque de Soleil’s model. They took the zoo, combined it with theater, and created a completely new market segment. TIP OF THE WEEK Jim: If you want to make a boatload of money, stop answering your phone. You will earn significantly more income for who you are than what you do. It’s about your positioning in the marketplace. As a coach, it doesn’t help him to answer his phone like an operator. If people jump through hoops to be able to talk to him, he has already positioned himself because it now becomes a big deal to speak with him. You also want to have someone in your business, who will hold your feet to the fire so you can get things done and that is how you grow. Mark: Get Jim’s free ebook, “Decide: The Ultimate Success Trigger” for free. You only have to pay $6.95 for shipping and handling for a 200-page book that will teach you how to finely tune your mindset and start the business you’ve always imagined. You can get it from DecideForSuccess.com . Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Maximizing The Best Passive Income Model with Chris Pritchard 33:59

منذ 9 years33:59

33:59

In this episode of the Best Passive Income Model Podcast , listen in as Mark Podolsky, the Land Geek, chats with former student, Chris Pritchard, a Land Geek student and coach extraordinaire. Chris tells Mark about how he was a software engineer by trade and trying out new businesses but having the tendency to over analyze things. When he heard Mark for the first time ever on a podcast, he instantly knew he was interested. He wanted something that was simple, where you do the work and keep doing the system. He says he’s doing what he’s told and it has worked out for him. When asked what ‘worked out’ meant, Chris said that he’s sitting on a monthly revenue of about $1,400. He has $75,000 on the contract values. Last month, he did $27,000 in cash deals within ten months of starting the business. The most difficult part of the business was when he was just starting. He said there was a lot to absorb. He had to watch all the videos and there’s all this new information and he was scared to call the counties to ask for a list. He ended up sending them emails instead. That was the first action he took. He also said there’s a learning curve and a lot of new things to figure out, some of them intimidating. Mark mentions that he kept his Toolkit actionable and that he gave what he thought was enough information but not too much. The big 3 modules; Deal Flow, Due Diligence, and Marketing, the other information is just a bonus. When Chris got the Toolkit, it took him a couple of weeks to get his first list. It took some time to absorb the information and take action. In terms of deal flow, acquiring properties and anything about land, Chris says that he learned a lot. He especially learned a lot from watching the Craigslist videos because it was a deep dive into how to construct your ads and be successful. Initially, Chris started with Craigslist , and then Land Watch and Land and Farm . Currently, he’s experimenting with different marketing. With the money he’s making, he can now spend more on marketing. Talking about a big deal he’s had, Chris sold a property on terms and he used the down payment to buy the land. It was within the period of time when he was doing due diligence so he went ahead and got the property. This deal defaulted but he was able to sell it for cash last month. Chris talks about the mix you want and how you can market your properties. Are you marketing towards a payment situation or are you marketing towards a cash flip? On the advice he would give a newbie, Chris says that he made a conscious decision not to do Mail Chimp and setting up CRMs in the beginning. He says to focus more on getting offers out and mailing these letters every week. He had to be consistent with that. When offers came in, he stuck to due diligence and got them listed. He focused on the M&Ms – mailing and marketing. It wasn’t until six months down the road that he started working on a website. When asked if the program met his expectations, Chris responded that there were a lot of eye-opening moments such as when he got a 6.5 acre, $17,000 property for $2,500. Another client of Mark's got a call from Jeff Akstin saying that he sold a property he bought for $15,000 for $150,000 on terms. He’s getting his money back in 8 months and then he’ll be getting $600 a month for the next twenty years. Some newbies, according to Mark, make the mistake of stopping the deal flow. But it’s a numbers game. You always have to keep up with it, even if you run out of money. The value is always in that deal. Chris’ wife was skeptical about this online course, at first. When Chris first told her about this, she said, “oh, you found another shyster, huh?” When she saw that he started making his deals, she then kept bugging him to get that sale or do that video. This was her mantra for the first few months. After seeing the income from the deals Chris worked out, she has been more flexible. Although her preferences are steel appliances and granite counter tops, she’s not as interested in raw land. The raw land market was then compared with house flipping. Chris and Mark agree that the raw land business is not crowded at all. Chris did ‘bump’ into someone from the Land Geek community who had a property near his. He then told him that the views from the property were amazing. He even gave him a Google Earth screen shot that showed it at a different angle and showed what the views might be like. In the Land Geek community, everyone’s willing to share information. After seeing some success even if there are other ads in the same area, they tend to be less competitive. It’s a massive market with relatively few players in it. Keeping the information to themselves would be lonely. Mark thinks that it’s better as a community and as a whole, sharing, getting better, and having an abundance mentality versus a scarcity mentality. So far, Chris has seen an ROI of about 700-900%. For his cash deals, he has gotten about 350% using other people’s money. The county makes it easy to get that. Using the county’s tax bill helps and works out on both ends. Another client of Mark’s was a hedge fund manager who thought that making 100% was ludicrous. But in two weeks, he flipped three deals and made 100%. Mark asked Chris about being skeptical about the income the Best Passive Income Model could generate. Chris said that Mark’s being a guest on the Jerry Robinson podcast gave him the credibility. Before he was featured as a guest, they even asked Mark for his social security number so they could do a criminal background check. As a new member of the Land Coaching Team, Chris is going to give back and pay it forward. He thinks it will make him a better investor because it’ll force him to see things in a different way. Chris is looking forward to being part of a system and have quality control and making sure that everyone is doing a good job and it’s consistent. Plugging in, helping those in the community, and leveling up is something Chris is looking forward to. At the moment, Chris is working on the business about 20 hours a week but is working on reducing that. TIP OF THE WEEK: Chris: Trello , a nice website. It’s free and set up like a Kanban system from the Japanese. You can put lists, you can do your Deal Flow and have cards for each property, add notes, images, videos, and whatever content you’re acquiring through your Deal Flow process. You can add them on the cards, drag and drop them and it’s really great for a team to get in there and take care of everything. Trello makes sure that the T’s are crossed and the I’s are dotted. For the newbie listeners, do not get discouraged if you have a bad mailing from a county. Don’t think it’s something you’re doing wrong. If you throw out 20-50 letters and you don’t get a response, switch it out a little bit. Do a few different counties and experiment. Try something different in that county or you could try a different county. Mark: Try the iPhone app called Digit . Save money without thinking about it and it automates saving a little bit here and there. It is an effortless way to save money without thinking about it. Also check out LandsOfAdventure.com and Marks’ newly updated website, F rontierPropertiesUSA.com. Go to T heLandGeek.com and download for free the Passive Income Blueprint. Get the e-book How to Avoid the Three Fatal Land Buying Mistakes and get this always informative and engaging podcast delivered each week to your email inbox. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Content Marketing Hacks with Eric Siu 42:19

منذ 9 years42:19

42:19

In this episode of the Best Passive Income Model Podcast, listen in as Mark Podolsky chats with digital marketer, Eric Siu. Eric Siu is the CEO of the digital marketing agency called Single Grain and has worked with Fortune 500 Companies such as Sales Force, Yahoo, and Intuit. He is also the founder of the podcast, Growth Everywhere. In this episode, Mark and Eric talk about how he got started. Eric graduated from college and was doing data entry at a cubicle somewhere when a friend suggested he try out digital marketing. Instead of rotting away doing the same job every single day, Eric decided to go for it. From there, Eric got an internship and never looked back. Eric worked with his mentor, Neil Patel, as the Vice President of Marketing online, an educational marketing company called Treehouse when Neil asked him to help his cousin out and run the company. Eric eventually took over the company two years ago, paying $2 out of his pocket from the company profit. He then brought it to where it is today. When asked about digital marketing, Eric said that it never ends. Social media has blown it up to a point where everything can be measured. It is important to have the ability to look at the numbers to see whether they’re working or not. 95% of the people start with something that you can draw conclusions from and this is a good start. Eric started Growth Everywhere because he saw that there were no marketing podcasts out there. It also allowed him to talk to founders and pay it forward. It was a chance to put people together. It has grown by itself and Eric humbly says it gets nice comments. He has since started a training course behind the podcast. He believes that it is a complement to Single Grain and it’s also free branding for them. For entrepreneurs, those doing a side hustle, want to increase their passive income, or are new to marketing, Eric advises the listeners to choose a path. Choose something and stick with that. Get good at it. Neil Patel at QuickSprout.com did just that. He came out with content every week for years. It’s about going an inch wide and a mile deep. Eric advises having a budget of about $20,000 to $40,000 to get a funnel working. However, not a lot of people who are starting out have this kind of budget. He suggests that everyone can learn content marketing. He says it’s free to learn and be the expert. You can also eventually learn to articulate your message into words. When you do it consistently, you’ll get better at it, it will start compounding over time, and it’ll eventually get noticed. Building an audience is the hardest thing to do, according to Eric. If we’re not collecting email addresses or creating one-to-one relationships with our prospects, the platforms own us. Perry Marshall says that the goal of each email is to entice your customers to open the next email. As a marketer, your job is to bring people to the point of sale. It’s all a game. Every single marketing tweak you make can add to or decrease your bottom line. To be a great marketer, you need a growth mindset. Keep pounding away at it. When you’re starting out, you have to learn a couple of times a day. If you say it’s too hard for you, you shouldn’t be in business. On hiring a copywriter if you have a low budget, Eric suggests going through a Facebook Group called Cult of Copy . Siphon off as much information as you can. Educate yourself first. As a rule of thumb, ask yourself if your content is interesting to you. Is it something that makes you proud to share it with people? That would be a good parameter, according to Eric. To know who to trust and who not to trust, you can take in as much information as you can but it’s on you to determine signal from the noise. Look at consistency. How do you feel after listening to a podcast? Do you feel like you’re being dumped into a marketing funnel? 99% of the time, your gut will tell you when you’re getting the value or the runaround. Check out Frank Kern , Seth Godin , Eric Siu , Ryan Lee , Ryan Deiss , and Neil Patel . They all show up everyday. They are prolific and you get a sense that they really care. You get a sense that they love what they’re doing and that they just want to give. When writing email, differentiate yourself with others by writing as if you’re writing to your mom. Have a long-term view of it. Build a relationship over time, as suggested by Gary Vaynerchuck . You can’t keep throwing right hooks because people will start to hate you. A good ratio agreed upon by Mark and Eric is 4 to 1 or 5 to 1 in terms of sending content before the promotion. The basic idea is to send 4 or 5 good pieces of content before you do the promotion. On Keyword Searches, Eric suggests that it’s something you don’t need to pay attention to. The more important question to ask whether or not you’re adding value to the world. It is important to practice your writing every day. It’s like going to the gym and exercising. It helps you get better at it. Eventually, you start seeing the fruits of your labor. Eric set a goal of writing 500 words per day and inputting this into a spreadsheet that tracks the number of words he’s written in a year. When you get into the habit of doing that, you are able to automate the process. Keep going. When asked about newbie mistakes that make him cringe, Eric talked about giving up too early. In terms of content, it takes about 12 to 24 months for things to compound and for you to see the machine giving your returns. You just have to play the long game. In the beginning you’re gonna suck. You just have to embrace it. You have to suck first to get good. However, when you no longer feel passionate about your work, maybe it is time to let go. 36 months is a perfect time to let go. As Seth Gold says, when you fail, you’re done. Move on to the next thing. The strategy that’s working right now for digital marketing is Gmail Advertising. He says that it was something Google wasn’t consistent in implementing it. Not a lot of people are hitting it. Now is a good time to get in before it becomes saturated. Eric also talks about playing a bigger game. He says he already has something that’s giving him a good cash flow. The next step is to figure out what he can do next to make him happy or how he can make an impact on the world. This is a game people optimize and play until their lives end. When asked about Marks Best Passive Income Model, Eric said it sounds sexy. He also says that he can’t say much about it but at a high level, it’s interesting and he can’t really put fault in it. TIP OF THE WEEK: Eric: Long form content with 2,000 words or so are important to have out there. There are over 2 Million blog posts produced every single day. 300 to 500 word articles are not enough. Visit www.growtheverywhere.com and read “21 EPIC 10x Content Marketing Examples We Can All Learn From.” Read those and learn why they’re good. Use a dashboard tool called Cyfe that helps you monitor your business data from one place and would cost $20 a month. It’s a steal and you can make as many dashboards as you want. Ahrefs allows Eric to see how many links he’s acquiring for SEO services. However, it’s fairly expensive. Mark: Subscribe to Growth Everywhere Podcast and check out www.growtheverywhere.com . There are tons of resources on that website. My favorite tool out there is the Bad Hire Calculator . Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Building Your Virtual Dream Team with Mr. Outsource, Erlend Bakke 35:49

منذ 9 years35:49

35:49

Listen in as Mark Podolsky, the Land Geek, talks to Erlend Bakke, MrOutsource.com , about working with Virtual Assistants from the Philippines. Mark talks about how he has gotten hooked on working with the well-trained MrOutsource.com team. Mark talks about his six-week experience working with the MrOutsource.com team. When Mark first dipped his toe into working with MrOutsource, he was a bit skeptical at first. He had some experience with other companies and they all left him wanting. Mark highlighted the fact that working with the team, he has gotten daily reports from the team with updates, questions, and clarifications. He has been happy with the communication between himself and the team, which made working with the team such a great experience. Mark’s experience, working with the MrOutsource.com team has been wonderful for him. It has become a one-stop shop for his podcast. Right after he records each episode, the podcast is sent to the team, who would literally do everything with it. Erlend stressed that one year of doing podcasts has made this his team’s core competence, making Mark a perfect fit. This has saved Mark some time and money. This also allowed Mark to focus on higher income—generating strategies. Working with Filipino Virtual Assistants, Erlend has had to emphasize during training that they shouldn’t just say yes and be submissive. Another important report required of all the Virtual Assistants is their daily update, which includes What I Did Today, Challenges Encountered, and Questions I have for you. Among the parts of the report, Erlend recommends focusing on the third question, which require immediate attention. One of the simpler tools Erlend recommends everyone to use is the email. When asked about the prices, Erlend responded that connecting a Virtual Assistant with a client would cost $497. Then you get three candidates to choose from. The benefit of going through MrOutsource.com is that the VA has a contract with the Filipino company, which means that if the VAs do something illegal, they can be sued in the Philippines. In addition, each applicant is also required to go through their seven-day training. You pay a 30% rate on top of whatever other rate, but you are secure knowing that you’re working with trained and reliable VAs. Mark asked Erlend whether MrOutsource.com is going to eventually increase their prices now that he’s hooked and how Erlend would maintain the quality of work when more and more clients avail of their services. Erlend responded that he intends to charge new clients more but keep prices the same for old clients. Perhaps if he were to consider an increase, he would increase his prices by the standard 4% per annum, depending on the inflation rate. Erlend emphasized that keeping his current clients happy will lead to a whole positive ecosystem of positive referrals. Taking care of the customers he already has will continue to be a priority for MrOutsource.com . Erlend mentioned learning his business philosophy from Keith Cunningham’s course called the 4-Day MBA where he learned quite a few things. One of them was learning to take care of his clients before he’ll consider raising the prices or going out to get more customers. When working with VAs, Erlend says it’s incredibly important to be passionate because people are attracted to passionate people. You need to be excited about what you accomplish as a tem, especially when it comes to delegation and outsourcing. Those are the kinds of leaders people are attracted to. Being like Richard Branson, Erlend says that you need a vision, know how to joke around but also be serious. Outsourcing has allowed Erlend to do things that he enjoys. Since he is able to do the things he enjoys, he is able to be energetic and passionate at work. That way, he is able to attract people who are equally as passionate. These people he is attracting want to be part of his vision and his dream. He likens this to having weight on an entrepreneur’s shoes but with the VAs, with their help, they can run together rather than walk slowly. To have fun and success in business, Erlend says if you have a passionate team that care about the same stuff, you will be successful. It shouldn’t be all about money. Erlend also warns against greedy business partners. These are people you shouldn’t be working with. The same goes for outsourcing. Employees who are driven by money and are opportunists will only play for the money. They’re not adding to any value but rather just focused on getting a paycheck. A book by Adam Grant called Give and Take was read both by Mark and Erlend. It says that we all go through phases of matching, taking, and giving. We want to be more on the dominant side of giving because ultimately, you’ll get more. The more you give, the more you get. You don’t want to be a giver all the time. There are people you want to be matching with. If you give me an apple, I’ll give you an apple. Mark says Erlend has done a phenomenal job hiring and training these givers and has somehow been able to crack the code of giving this kind of service. Tips of the Week: Register for the live webinar with Erlend and myself next Wednesday April 6th at 12:30PM and learn how to generate $20k a month thanks to outsourcing: Registration URL: https://attendee.gotowebinar.com/register/4289649331852387073 Webinar ID: 108-432-995 Erlend: I was reading about getting up in the morning and suggests that as soon as you get out of bed, you stand tall, confident, with your shoulders back and your head held high. Then, you reach up your arms a little bit upwards, like a 45- degree angle, and you welcome the day. After that, you make your bed. After that, you’re done with your first task of the day. That would make you feel really good. Also, as soon as your alarm goes off, you start counting down from 10 inside your head. Then you get up before it goes to zero. Mark: Go to MrOutsource.com , schedule that 30 minute consult, and find out if it’s a good fit for you and what you’re doing. Subscribe, rate, and review the podcast so I can continue to get the quality of guests on the podcast. If you send us a screenshot you’re your review, you get the $97 Passive Income Launch Kit for free. Send that to support@theLandGeek.com. Go to theLandGeek.com and download the Passive Income Blueprint and get this informative and engaging podcast delivered each week to your email mailbox. Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

The Best Passive Income Model Podcast

1
Dan Lok : From A Reluctant Entrepreneur to one of the Greatest Marketers of our Generation 32:01

منذ 9 years32:01

32:01

In this episode of the Best Passive Income Model Podcast, Mark chats with reluctant entrepreneur, Dan Lok. Listen in as Mark and Dan talk about his journey from a penniless immigrant to a multi-millionaire who owns 21 companies, tinkers around on Facebook making $150,000 a month in income, having a mentor who gave him the million dollar year of his life, online marketing, writing books and being the guy behind the guy. Dan Lok talks about how he was an immigrant who didn’t speak a word of English and going to North America at the age of 14. By the time he was 17, his father’s business went bankrupt and he had to grow up and be a man. His journey from rags to riches began because he had no choice. He needed to take care of his mother. Dan’s journey to success had many more failures than successes. He attributes part of it to the timing. He came into the business during its heyday. As a result, he got invited to speak in many different conferences and was making a ton of money as a speaker and information marketer. He took all that money and invested in businesses outside of information marketing. Today, Dan has 21 companies, which he either owns or has a stake in. These companies include real estate education, software, and financial planning. When asked how he had the time to mentor people, he said that every deal is different. Usually, the mentoring happens at the initial starting phase of the business. He either puts in his time, money, or expertise, depending on what his partners need. His philosophy is instead of having 100% of a big pie, he would rather have 25% to 75% of many small pies. For Dan, freedom is having the luxury not to do something you don’t want to. It’s being able to walk away from any deal. It is about being in control of your time. Currently, he runs his companies from his home because he chooses to. When asked what kind of advice he would give a 25 year old, he said (1) try to be the best version of yourself and (2) don’t go out there and start your own business. He introduced the concept of the wealth triangle that’s made up of high-income skills, scalable business, and high returning investment. He suggests you focus first on the high-income skills. That will ensure there is a steady cash flow coming in. It also allows you to start a business from a place of strength. The worst place you can be in is when you’re desperate. Dan has invested money in real estate all over the world. He likes Hong Kong because it’s not rent controlled and you can double your rent if the market can sustain it. He also has investments in Taiwan. He prefers investing in commercial properties. As long as you buy in the right location, he says it’s a passive commercial business. On Mark’s business model, Dan says that you’ve got to know your stuff. What’s best for Mark may not be best for others and vice versa. What’s more important is that you find your niche. It’s not what you do but it’s how you do it that matters. TIP OF THE WEEK: Dan : Watch “How to Generate Massive Passive Income” on YouTube, and get a copy of my book, F.U. Money from Amazon. Mark: Learn more about Dan Lok and his books at Danlok.com . Thank you for listening to the Best Passive Income Model podcast . Your support helps me to invite guests who share their knowledge that you can use to grow your business.…

مرحبًا بك في مشغل أف ام!

يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.