In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
- Mike Zaino
- Cynthia Tripathi
- Tate Litchfield
- Erik Peterson
- Scott Todd
How do you define success? Success can mean different things to different people. The group all go over what success means to them.
There is one common element reiterated by all, and that is TIME—having the time and freedom that this business allows us to have, to spend with loved ones and to do the things that you enjoy doing.
We also talk about shutting down for the holidays. But Scott throws that one right out of the window—Shut down? There is no shutting down in the land business! Does Amazon shut down? No, let it roll baby!
It all comes down to SYSTEMS. Having systems in place, the machine will keep rolling with or without you… if you choose.
Once you build a system, the system doesn’t have to stop just because you’re on vacation or relaxing—The machine keeps operating. -Scott
Listen in, as everyone shares their year end processes and plans.
TIP OF THE WEEK
Mark: Check out GetPocket.com to save unfinished articles, blogs, podcasts, videos etc. for later— And you can also continue them offline.
Scott: This is a life tip—have an unlimited phone plan!
Tate: If you are using the new iPhone iOS 11.2, very shortly, you’ll be able to collect down payments via the Apple Pay Now button. If you’re texting with a potential buyer, you can go ahead and request a down payment directly through your messaging app, instantly.
Erik: Check out Alltop.com—a tool to search for any media content by keyword, and you can also share it to social media or your buyers lists.
Mike: It’s all about perspective. There are two types of Mandalas, the Taizokai and the Kongokai. One of them is the God’s eye view of the world and the other is the personal person’s view. I believe we’re building a box with this model. Inside we have five plates that we’re trying to turn into gears—connecting them together. We want to be outside that box with the macro view. But sometimes we have to tinker; we have to go inside and have that micro view and fix some of the systems. When you’re looking at this business and you’re trying to figure out how we all automate and do everything fully functional without sticking our hands in it, it’s good to have that macro and micro view of things. If you’re inside of it, you tinker. But sometimes you need to take a big step back and look at it and see how the parts are feeding each other.
Cynthia: Check out the video, How I Made a Million Dollars by Noah Kagan. It’s a good video for land investors who are in the beginning of their career. Noah puts a lot of things in perspective and gives his timeline of how long it took him to make a million, plus all the things he failed at. He puts a different spin on it and it’s really engaging.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?