Category Archives for "The Art of Passive Income Podcast"

Everything You Need To Know About Cash Flowing Gold And Silver

We talk with Minesh Bhindi, CEO of Gold And Silver For Life. Minesh is a wealth manager who has been helping people generate a monthly cash flow income through gold and silver since 2010 and has clients all over the world.

Minesh starts us off with a bit of his background—starting at age 16 he was working with his father in real estate. From there he got into trading and also taught it to others until the market crash of 2008.

Listen in as Minesh shares how the crash led him to gold and silver. He also talks about the misinformation and negativity surrounding exchange traded funds (ETFs).

We also delve into:

  • The wealth transfer
  • Why gold and silver have to be a part of a balanced portfolio
  • The three parts of a balanced portfolio
  • The 38-year money cycle
  • Physical assets versus investing through the exchange
  • The numbers

And, so much more!

The truth is you can use the same tools that you use to generate cash flow in the stock market and real estate in gold and silver and most people don’t know about that because of the misinformation that’s been out there.

If you’ve ever thought about investing in gold and silver, this is an episode you don’t want to miss!

TIP OF THE WEEK

Mark:  Learn more about Minesh and his webinar at GoldAndSilverForLife.com.

Scott: Check out Treck.co. It cost $5 a month and it helps you collect email addresses within your content by creating call-to-action buttons.

Minesh: Come up with your net worth and then figure out how much money you’ve got is each bucket—real estate, gold and silver, in cash, in the stock market. 

That will give you a great idea of how to balance. Based on my research, 40% in the US stock market , 40% in prime real estate, and 20% in gold and silver has generated great returns since 1972. You need a little bit of everything, but too much can become inefficient.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Finding Focus—Cutting Through The Weeds Of Your Land Investing Business

Finding Focus—So often in this business we see people who get hung up and hyper-focus on the little details that aren’t doing anything to help their businesses grow. How do you reset that mentality so you can focus on the things that bring value?

Joining Mark in this week’s Round Table, are:

  • Scott Bossman
  • Tate Litchfield
  • Erik Peterson
  • Mimi Schmidt
  • Aaron Williams
  • Scott Todd

Join Team Geek as they help you whack through the weeds of the business giving you clear vision to focus on the parts of the business that really matter… the ones that move the needle.

A few things the team covers are:

  • Theming
  • Letting go of the small things
  • Mind mapping and working backwards
  • Shirt sizing
  • Prioritizing 

…and more!

Plus, even when you know where to focus, how do you move past the procrastinatory excuses and find focus for consistency?

But first… man oh man, those slinging headlines!

TIP OF THE WEEK

Mimi: Check out Erik’s Airtable Templates for ad management. 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Finding The Courage To Rewrite Life After Success

What happens when you climb to the top of the finance food chain only to discover it’s not what you were hungry for?

That was the story for today’s guest, Alex Grodnik—WallStreetOasis.com.

It’s funny, you work your whole life to get something and then it’s like, “Man, maybe this isn’t right for me. -Alex

Alex began his career as an analyst at JP Morgan Private Bank and after completing the program he moved into investment banking at Houlihan Lokey in their restructuring group. He then went on to work at a pioneering digital media firm before getting his MBA at UCLA Anderson.

Listen in as Alex joins Mark to talk about his journey from successful investment banker to following what he knew in his heart was his true path, entrepreneurship.

The guys discuss:

  • The impactful moment of Alex’s business school experience that was life-changing
  • Advice Alex would give to his younger self
  • How Alex defines success
  • Doing what we want versus what society wants from you

Alex also gives great advice for those who want out of that cubicle they’re stuck in so they can fulfill their passion.

In today’s world where opportunity is endless and no permission is needed to follow your passion, what is stopping you from doing whatever you want?

TIP OF THE WEEK

Mark: Learn more about Alex by visiting his website and his podcast: WallStreetOasis.com & WallStreetOasis.com/podcasts.

Alex: Rejection Therapy—It’s not taking ‘no’ for an answer. The process is actively seeking out rejection everyday so that over time, you become desensitized to the fear of rejection. 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Finding And Hiring A-Player Virtual Assistants

How do you know if a VA is going to be an A-player? In this week’s Round Table, Team Geek shares how they find and hire top-notch VAs and train them for the land business.

With Mark back at the helm, will he clear up the confusion over the cheesecake discussion from last week’s Round Table?

Joining Mark this week are:

  • Aaron Williams
  • Mimi Schmidt
  • Mike Zaino
  • Tate Litchfield
  • Scott Todd

Listen in as we delve deep into finding and hiring A-player VAs. We go over the processes that Team Geek uses, including:

  • Stress-testing VAs
  • What to look for
  • Should you go by references
  • Training them for the land business

Plus, you might have thought with Mark back in town he would clear up the confusion over where we went? Not exactly, listen in as the cheese… cake/factory hijinks continue!

TIP OF THE WEEK

Mimi: HireMyMom.com for U.S. based VAs.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Changing The Workplace One Thank You At A Time

Practicing “Grategy” with Lisa Ryan.

Join Mark and Scott as they welcome Lisa Ryan to the show and talk about Gratitude Strategies in the workplace.

Lisa was referred to us by one of our own, coaching client Jeff Dettmer. She is an award-winning speaker who draws upon her 20+ years of sales, marketing, and training experience to deliver business strategies as well as career changing tools and boatloads of inspiration to her audiences. She is the bestselling author of eight books and is featured as an expert in two films The Keeper of the Keys with Jack Canfield of Chicken Soup for the Soul fame and the Gratitude Experiments.

Is gratitude more than just a feel-good emotion?

After attending a firewalk in 2009, Lisa started practicing gratitude and shares how her life changed for the better, both at home and at work.

Was gratitude the reason behind these positive changes? Lisa researched the subject and was able to show that it does have a positive effect on us personally, so she sat out to bring that same message to the workplace.

Listen in as we discuss:

  • Where gratitude starts
  • Gratitude on a large scale
  • Starting with the apology approach
  • Why you need to be specific

And, so much more!

Plus, can you be so appreciative that it loses its effect?

Lisa has the answer for you and more on today’s episode of The Art of Passive Income.

TIP OF THE WEEK

Mark: Learn more about gratitude and Lisa Ryan and improving every aspect in your life at Grategy.com, now LisaRyanSpeaks.com.

Scott:  Check out the phone app, AirCamera.com to automatically store videos to the Cloud. It also gives you links so you can share.

Lisa: Read Lisa’s book, The Upside of Down Times: Discovering the Power of Gratitude.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Land Investing Mistakes—No Big Deal

We all make mistakes in the land investing business, the good news is they are fixable but they all come with valuable lessons! Today, Team Geek shares their biggest mistakes and the lessons that were learned.

Scott Todd takes the controls for this week’s Round Table as Mark is away visiting… this is where it becomes a little unclear because there seems to be some discrepancy between stories. If you ask Tate, Mark is off visiting Tate’s favorite factory where they make cheese. If you ask Scott T., Mark’s at the Cheesecake Factory. Either way he can’t go wrong and we hope he’s enjoying good quality time with his family!

With Scott Todd in the pilot’s seat, this week’s crew includes:

  • Scott Bossman
  • Tate Litchfield
  • Aaron Williams
  • Mimi Schmidt
  • Erik Peterson

Listen in now as the team shares some of their biggest mistakes and the lessons that were learned. In short:

  • Scott Bossman went into joint ownership with the deceased.
  • Aaron sold a property that wasn’t his to sell.
  • Erik bought 12 properties in bulk, 2 of which had been previously sold to someone else and one of those two Erik had pre-sold. He also shares a business strategy mistake he made in the beginning that kept him from scaling quicker.
  • Tate double sold due to a data entry error on the APN. He also shares a big regret that moved Scott Todd to bring out the soapbox.

Also, Mimi received an accepted offer for 1,175. The seller is a trucker who is never in town so he used a middleman to get everything done. Mimi paid the accepted offer of 1,175 and the middleman deeded the property over to her… deal done… wrong! She started getting harassing phone calls from the owner because he thought the offer was for 11,750, not 1,175! Ultimately, she ended up deeding the property back… but BEFORE she got her money back… this can’t end well.

Find out how Mimi’s story ends and the details of all the deals gone wrong.

Plus, Scott Todd shares a mistake that he is currently going through. It’s a case of joint tenancy with rights of survivorship—the husband is deceased, surviving wife sells Scott the property but failed to disclose the prefix “EX” in front of her title of wife. Should that make a difference? It does, says the county. Find out the details now…

TIP OF THE WEEK

Mimi: Entrepreneurship is neither a science nor an art. It is a practice by Peter Drucker. So keep practicing! 

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

A Look Inside The Mindset Of The Total CEO

Vinnie Fisher—The Total CEO joins us on today’s episode of The Art of Passive Income.

A lawyer by trade, Vinnie practiced tax and business law for 10 years before leaving the field in 2007 to pursue entrepreneurship. He went on to create four 8-figure businesses and is now on a mission to help men in leadership for life.

Join us as we take a look inside the mindset of the Total CEO and why Vinnie believes that what you do at home is equally important as what you do in the office.

We delve deep into:

  • What it takes to go from a seven-figure to an eight-figure business
  • What makes a great CEO
  • Why motivation is a lie

And, find out why Vinnie says that having “balance” is some of the worst advice he has seen given and why we should have nonnegotiable priorities and perspectives.

Also, find out how Vinnie defines success, the three CEOs he would have over for dinner, and the one question he would ask them.

All of this and more in today’s episode!

TIP OF THE WEEK

Mark:  Learn more about Vinnie Fisher at TheTotalCEO.com.

Scott: Check out Draw.io to create flowcharts and more, for free!

Vinnie: Take a nap before making big decisions.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Overcoming Growing Pains To Scale Your Land Business

Growing pains are an inevitable part of any business, land investing included. You hit a plateau and growth halts until you make the necessary expenses to get your business climbing upward once again.

Join Mark and team geek:

  • Erik Peterson
  • Aaron Williams
  • Mimi Schmidt
  • Tate Litchfield
  • Scott Todd

…as they tackle the entrepreneurial dilemma of Growing Pains.

Mimi, who is facing this dilemma now, shares her hesitancy towards spending the extra money for processes that she’s gotten by without until now. Processes and services that include:

  • Switching to paid services
  • Setting up the website to collect down payments
  • Increase mailings
  • New marketing platforms

Mimi knows she needs to spend the money in order to get her business moving forward again, but the money sure looks good in her bank account each month.

I’ve seen businesses where they try to grow but at the same they try to cut their expenses and you cannot grow while cutting expenses; the two do not go hand-in-hand. -Scott Todd

Listen in as the team shares their thoughts and valuable advice that help Mimi overcome her growing pains and leave her feeling confident in how to move forward.

TIP OF THE WEEK

Mimi: For those who have property near the water, check out the FEMA Flood Zone GIS Map. You can put the address in there without a house number, and see where the flood zone is.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

The Day The Music Stopped—Why You Need To Invest Conservatively

Hunter Thompson—CashFlowConnections.com joins Mark and Scott on today’s episode of The Art of Passive Income.

Cash Flow Connections is a real estate consulting firm that helps clients invest outside of the stock market in turnkey real estate investments. They specialize in assisting clients who are sick and tired of the headaches and uncertainty of the stock market and have a desire for a more stable approach to achieving their financial goals. Cash Flow Connections helps investors to turn their portfolio from a speculative gamble into a secure and reliable cash flow machine.

Hunter starts us off with an interesting story about his Grandfather who made and lost hundreds of millions of dollars in the cotton industry. It’s the first time he’s told this story publicly and it comes with a valuable lesson in over-leveraging.

Hunter used the lessons he learned from that catastrophic event as a motivator which ultimately led to his start in real estate.

Listen in as we delve into:

  • Recession resistant assets
  • What an investor should look for in a crowded turnkey real estate market
  • The top ingredients for making the perfect management stew

Hunter also shares the worst advice he has seen given in his area of expertise, and so much more!

Today’s podcast offers a lot of great real estate advice and will have you looking at investments behind a whole new lens!

TIP OF THE WEEK

Mark: Learn more about Hunter Thompson at CashFlowConnections.com.

Scott:  Check out MuteInter.com—a Chrome plug-in that makes that annoying sound on intercom go away.

Hunter:  Really cognitively challenging tasks are important to do in the morning, the earlier the better. Two books that help make that clear are, Deep Work by Cal Newport and The Miracle Mornings for Entrepreneurs by Hal Elrod.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

Deals On The Slopes—The Life Of A Land Investor

One of the many advantages of this business is that you can do it from anywhere… even while snowboarding the slopes in Colorado.

As was the case for Erik Peterson who shares details of the trip, his business, and the slope deal with an impressive ROI! How did his business hold up while he was away? Was he able to be present and enjoy his time away?

In this week’s Round Table, join Mark and team geek:

  • Erik Peterson
  • Scott Bossman
  • Mimi Schmidt
  • Tate Litchfield
  • Scott Todd

…as they dig deep into snowboarding versus skiing!

They also discuss the academy awards, The Bachelor, and more! How does this all relate to the land business? We can stretch and say:

  • Lessons in productivity
  • Building customer rapport
  • The typical land customer’s TV viewing habits

But mostly, it just a team of geeks having a fun conversation!

Listen in to the FUN that covers the perils of snowboarding and the time suck of the Oscars.

And, be sure stick around for the bonus content that Scott Todd wanted us to edit out, but unfortunately our edit button is broken… sorry Scott Todd.  #LetsLoveOnScottBossman #EmbraceTheSilly

TIP OF THE WEEK

Mimi: Check out Colorado Hunting Atlas—a GIS map that shows what game is in the area of your property. Great for your marketing piece.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?

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