BTM 48: 90 Days to 5K Passive Income a Month and Beyond with Edna Keep
Have you heard of the Rule of 97? In 1897, 97% of Americans were employers. By 1997, 97% of Americans were employees. A new time is upon us and another major shift is coming. As we continue to leverage the power of the internet and technology, it’s easier than ever to become a location independent entrepreneur and investor. We discuss this immensely in this weeks’ Tip of the Week.
Even more profound, on todays show, today’s guest Edna Keep and I are going to show you the path to 5k in 90 Days.
Edna Keep’s journey from single mom at age 16 – living in subsidized housing
with a daughter in subsidized daycare – to multi-millionaire Real Estate
Entrepreneur and Coach inspires others. Her major operations are long-term
buy-and-hold rentals apartment buildings. Her claim to fame is a $60 Million
real estate portfolio built with “Other People’s Money.”
She is the author of Multiple Ways To Wealth: Creating Your Prosperous Lifestyle and real estate investment teacher, has a deep understanding of what investors want in a deal. As a former financial advisor, Edna helps connect investors with everyday people who want to create true passive income for the long term.
We share a passion for helping individuals hit their first milestone of 5k in passive income and we breakdown exact how you can achieve this in 3 easy steps:
- Build a “Power” Team around you to do the heavy lifting (most important – you need a mentor to be apart of that team).
- Shift your MINDSET -> You are the prize!
- GO BIG (we’ll define this in the episode)
Links mentioned in the show:
Why “A” Students Work for “C” Students and Why “B” Students Work for the Government
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BTM 36: Buy Your 1st (Next) Real Estate Investment: The 12 Step Process
Buy Your 1st (Next) Real Estate Investment: The 12 Step Process.
In this episode we walk through the exact steps that I teach my coaching students to ensure that they close on their first property this year. I know you are thinking that this is too good to be true – but believe it! I want to make sure that as many people who are looking for a process to follow are equipped with the know how to purchase their first rental investment in 2018.
Here are the steps:
1. Real Estate Literacy
2. Goal Setting (SMART Goals)
- Lifestyle Goals
- Financial Goals
- Real Estate Investment Goals
3. Choosing A Market
- Types of Markets
- Growth Market
- Stable Market
- Declining Market
- Top-Down Approach
- Economic Factors
- Real Estate Factors
- Regulator Factors
- Local Market Factors
- Investing Locally or Remote
4. Analyzing Deals
- In Depth Analysis
- General Rules of Thumb
- 50% Rule
- 2% Rule
- 70%Rule
For steps 5 through 12 along with 1-4 above, we have created a detailed 12 Step Process write up for your ease…
Simply click here to opt in our newsletter where the detailed 12 Step Process will be one of the first emails that you receive as we’ll be emailing you the best tips, tricks and strategies weekly to help you on your investing journey.
Links mentioned in the show:
Rich Dad Poor Dad by Robert Kiyosaki (Physical Copy)
4 Hour Work Week by Tim Ferris
One on One Coaching with Daray
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BTM 15: Can Gumballs & Stickers Really Fund Your Retirement with Matt Miller
On today’s show we welcome Matt Miller. Matt started his career in the corporate world, but realized that he needed to take a different route if he wanted to get ahead. Inspired by his interest in “passive income,” Matt got involved in bulk vending. He is now the President of a vending company, School Spirit Vending, which combines vending and school fundraising ventures into one.
School Spirit Vending’s Hassle-Free Fundraising Program is helping 1000’s of schools across the country raise money, while providing a profitable business opportunity for those seeking personal freedom and added financial security.
In this episode Matt talks about how he transitioned from the corporate world to becoming an entrepreneur. We also discuss his journey of starting a business and learning about all the aspects of business and how he has grown School Spirit Vending into the empire that it is today.
Key Points From This Episode:
- Matt tells us his journey from being a pilot to the corporate world to starting a business.
- Find out how the company School Spirit Vending was born.
- How Matt was taught from a young age to trade time for money.
- Hear the impact Robert Kiyosaki’s book, Rich Dad, Poor Dad, had on Matt.
- Learn how Matt picked his locations through knocking on doors.
- Discover at what point Matt realized that this was a viable business option.
- Listen as Matt explains how he used his earnings and invested it back into the business.
- Hear how Matt’s business didn’t take away from his career but he also didn’t allow his career to take away from his business.
- Take away some key advice for entrepreneurs wanting to get started.
- How Matt has successfully grown his business.
- Find out how Matt went about growing his team and finding the right people.
- Why Matt chose to turn School Spirit Vending into a franchise and how he set it up.
- Hear a success story from one of Matt’s franchisee’s and their process.
- Types of vending machines in schools and what isn’t allowed.
- Find out more about Matt’s courses and what’s in the pipeline for him.
- How Matt sacrificed time and money to get to where he is today.
- Hear why too many people are getting ready to start instead of jumping into the game.
Tweetables:
[spp-tweet tweet=”“I can’t stress enough guys, you’ve got to fake it till you make it.” — @ssvbusiness “]
[spp-tweet tweet=”“Too many people try to live off of something way too early instead of letting the baby grow on its own.” — @ssvbusiness “]
[spp-tweet tweet=”“The sky is the limit if you’re willing to start where you’re at.” — @ssvbusiness”]
[spp-tweet tweet=”“One way you know that you’re onto something is when people start asking you if they can be a part of it.” — @ssvbusiness “]
Links Mentioned in Today’s Episode:
— School Spirit Vending Business
— School Spirit Vending on Facebook
— Robert Kiyosaki’s book, Rich Dad, Poor Dad
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BTM 13: Limiting Beliefs – Discovering your Why with Gino Barbaro
Gino Barbaro is a licensed realtor, investor, business owner and entrepreneur. He has been investing in real estate for 15 years and has grown his portfolio to 675 units valued at over $32 million in 3 years. He has teamed up with Jake Stenziano to create JakeandGino.com, a real estate educational company that offers coaching and training in real estate investing. He is the bestselling author of Wheelbarrow Profits, as well as the author of the best-selling cookbook, Family, Food and the Friars. Gino is a graduate of the Institute for Professional Excellence in Coaching (IPEC) and is a Certified Professional Coach.
In this episode we get into a lot of Gino’s story, the restaurant business he was in for 25 years and how he turned his sights onto real estate and multifamily investing. We also get into belief systems, discovering your why, and setting out your goals. Next, we unpack the importance of understanding how you can best achieve your goals based on your why, depending on whether or not your why is moving away from pain or towards pleasure.
Key Points From This Episode:
- Gino tells us how he got into the restaurant business 25 years ago.
- Hear more about the 4 energy blocks.
- What lead Gino to challenge himself to become successful.
- The reasons why Gino decided to leave the restaurant business.
- Listen as Gino explains how he turned toward real estate.
- Understand the differences between single family and multifamily properties.
- How asking thought provoking questions extracts the “why” out of Gino’s students.
- The importance of having a strong reason why, no matter what you do in life.
- How Jake and Gino have made their partnership work.
- The characteristic that made Gino want to partner with Jake.
- Find out how you can get into multifamily real estate.
- Listen as Gino explains his short and long term goals to grow his business.
- Understand what Gino means when he talks about repurposing $4 million dollars.
- Discover the importance of buying right.
- Gino tells us how the infinite banking concept is a great strategy to lock in.
- Find out which two books are Gino’s favorite Before the Millions books.
- The sacrifices Gina had to make to get to where he is today.
- Why listening to motivational speakers inspired Gino in business.
- The advice Gino has for millennials wanting to get into business.
- How limiting beliefs stop people from reaching their true potential and success.
Tweetables:
[spp-tweet tweet=”“Success is just a feeling; achievement is doing something.” — Gino Barbaro @jakeandgino”]
[spp-tweet tweet=”“If you can figure out your why’s you can figure out how.” — Gino Barbaro @jakeandgino”]
[spp-tweet tweet=”“What you focus on is what grows.” — Gino Barbaro @jakeandgino”]
[spp-tweet tweet=”“Sometimes the best deal you make is the one you didn’t buy.” — Gino Barbaro @jakeandgino”]
Links Mentioned in Today’s Episode:
— Multifamily Mastery Program by Wheelbarrow Profits
— Gino’s Book, Wheelbarrow Profits
— Gino’s book, Family, Food and the Friars
— IPEC
— M.C. Laubscher from BTM Podcast episode 12
— Think and Grow Rich by Napoleon Hill
— Secrets of The Millionaire Mind by T. Harv Eker
— The E-Myth by Michael E. Gerber
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BTM 10: Power of Thought Leadership – 3 Million Downloads and Counting with Joe Fairless
Real Estate mogul Joe Fairless is the founder of Fairless Investing and currently owns almost $170 million in real estate. He designs his life so that he can spend time pursuing his passions and purpose. His life’s purpose is helping people achieve financial success. Joe believes that when he helps other achieve financial success, they too can use their time to pursue their own passions and purpose. However, before following his dreams, Joe worked paycheck to paycheck, and eventually started investing in learning more about real estate while working a full-time job in advertising. He went to seminars, read books, and received mentorship from people who had done what he wanted to do. By the time he left advertising in December 2012, Joe owned four single family homes that produced monthly income. It wasn’t enough to live off of but it sure helped out, considering he no longer had a job.
On today’s show, Joe shares with us not only about his real estate ventures, but also about his world famous podcast, The Best Real Estate Investing Advice Ever Show, also known as The Best Ever Show. Joe’s podcast is the world’s longest running daily real estate podcast, and he is a top podcaster in the business world. Today we dive into how Joe actually came from humble beginnings, more about his thought leadership platform, and how it has helped him grow his audience.
Key Points From This Episode:
- Why Joe left his full-time job, despite being the youngest VP of a New York City advertising agency.
- How to know when your job is not right for you, and the importance of doing work that matters.
- How Joe got started on his entrepreneurial journey and cultivated his thought leadership platform.
- What it means to sample life experiences and learn from top achievers.
- How Joe used standup comedy to improve his public speaking.
- Why being yourself and opening up to others, creates much stronger relationships.
- The importance of a life coach and how they impact your entrepreneurial journey.
- How Joe shifted his mindset and tactics to find success in the podcasting realm.
- The strategies Joe used to grow his podcast to over three million downloads.
- Understanding when do push on and put in more effort, despite a lack of results.
- The importance of consistency, not only in work, but in your daily routine of life.
- Find out more about how Joe structures his goals in 5 and 10 years terms.
- How living in the same apartment for 9 years before the millions got Joe to where he is today.
Tweetables:
[spp-tweet tweet=”“The more you are yourself, the more magnetic you become.” — @joefairless “]
[spp-tweet tweet=”“We live in an instant gratification culture and it’s sort of ridiculous how we don’t put in the work.” — @joefairless”]
Links Mentioned in Today’s Episode:
Joe Fairless — http://joefairless.com/
Joe’s book – Best Real Estate Investing Advice Ever
Before the Millions Resources Page
Before the Millions Facebook Group
Robert O. Young and Shelley Redford Young’s book, The pH Miracle: Balance Your Diet, Reclaim Your Health
Crucial Conversations Tools for Talking When Stakes are High and Audio Companion
Access The Best Strategies, Tips & Advice!
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.