The Simple Passive Cashflow Latte

If you are not a turnkey coffee parcel owner… a post just for fun…

When I need that jolt of energy to write an article or do the day job I make a The Simple Passive Cashflow Latte using these ingredients.

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Ingredient Why What Brand
12-16 OZ

Brewed Coffee

Because coffee is the drink of the gods, caffeine Bulletproof (non-moldy beans), Kimera Coffee (Nootropic infused), or Kona Coffee (to support the 808 State)
Butter Fat – because it’s not the 1990s anymore KerryGold because it’s organic. I like the salted version because it’s more widely available but the salt adds depth to the taste
1 Tablespoon to 1 OZ

MCT Oil

MCT are medium chain fats, the key to brain function and good skin. Basically modern day snake oil. Bulletproof Brand has XCT Oil but I use this Mickey T Brand (isolated 8-Carbon Caprylic Acid Molecule) which is the same thing except a lot less marketing costs. You can use Coconut Oil in a pinch but the taste isn’t that great.

 

1 Tablespoon to 1 OZ

Whey Protein Powder

Whey is the cheapest form of protein. This is a way to add a bit of sweetness and blends into a foam. Life is always better with a bit of foam! Optimum Nutrition is the go-to brand for thousands of wannabe bodybuilders so stand on the shoulders of these giants and do the same.
1 Tablespoon to 1 OZ

Collagen Protein

This is the most expensive protein that has benefits for skin, joints, bones, hair, and digestion. Sort of like drinking bone broth without the flavor. I use Natural Whole Nutrition Vital Proteins Collagen Peptides.

I have also used Collagen Hydrolysate under the Great Lakes brand.

Lately, I have been using Collagen Protein – A little more expensive but good for skin, joints, hair. This is lieu of the whey protein.

Other optional pick me ups:

1 Teaspoon (pick only one)

Cocoa Powered for a Mocha

Vanilla for a Vanilla Latte

Turmeric for a yellow mess

 

Cocoa improves blood flow (not saying it’s going to be like Viagra but at least it takes like Chocolate)

Turmeric – Google it

Vanilla – Google it

 

Bulletproof Cocoa

Turmeric powder

Bulletproof Vanilla

 

For those of you who are into the whole autophagy intermittent fasting protocol (12-hour daily fast) this is pretty good for you too because you are basically drinking a MCT oil drink. The only recommendation is to eliminate the whey protein. Also if you really want to geek-out, blend the whey separately because it is the most unstable. By blending separately you allow the butter and oil to cool down the hot coffee and protect the whey from heat.

Blend and serve in a mug that says “What Would You Attempt To Do If You Knew You Could Not Fail” or “Life Begins at the End of Your Comfort Zone”.

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Podcast #95 – Interview – Andrew Campbell from Passive Cashflow Side-hustle to active investing

Show notes:

Autin Texas Native
Bought Duplex and fourplex to start (76 on own for passive cashflow)
Started out with the intention of getting passive cashflow
Was working marketing in Minnesota when father had a heart attack and started buying rentals with brother
Was doing self-managing when first started on own
Flexibility in what you do with your time
Father getting sick was the turning point
Boots on the ground lead is very important
Value-add can mean both 20-30% occupied and adding crazy value and 90% occupied and taking it to 95%
Developments have 25% returns per year

Podcast#92 – #LaneHack – Coaching & Group Coaching Programs

Fill out this intake form and Email Lane@SimplePassiveCashflow.com

More details: SimplePassiveCashflow.com/coaching

 

Coaching packages including everything Lane knows and following elements:

Pick the path that is right for you:

    • Buy Hold Rentals
    • Remote Turnkey Rentals
    • Go big with Apartment Investing
    • Decoding Syndication as a Limited Partner
    • Raise money from others and Syndicate
    • Building a team

 

Find & Analyze deals

    • Be able to point out Sucker deals for “Californians”
    • Underwrite the property conservatively via cashflow analysis
    • Get every dollar on the table in the due-diligence period and punch list negotiation
    • Get the best financing option with Lane’s preferred lenders
    • Leverage Lane’s Deal-flow and Rolodex

 

Put it all together

    • How to setup your personal systems to not go crazy
    • Balance with your full-time job
    • Optimize taxes with my best practices and the proven professionals to advice you
    • Best technology to use
    • Learn the investor mindset and remove limiting beliefs
    • Future goal setting and clear 5-year plan after our program is over

 

Other possible scope of services

    • Growing your brand
    • Syndicate big and small deals
    • Start your own podcast
    • Internet marketing
    • Networking the right way

More details: SimplePassiveCashflow.com/coaching

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Podcast#089 – #LaneHack – Using the App ‘If Then Then If’ and other automation hacks from your emails and random hacks

• Set up location based automations

• Setup routine maintenance reminders

• Set up news alerts

• Have weekly updates so you can batch tasks and updates

• Have alerts exception based via text or email

• Followupthen.com

• File away your emails

• Pull tasks don’t push it to you

• Using gmail tags like “At home”, “Bank Statement”, “When you have time”, “Stuff to do when I’m tired”

• GTD by David Allen

• 7 Habits of Effective People

• Trello app

• Don’t go to grocery story at busy times and park far away

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Podcast#088 – Interview with Jason Yarusi – Flipping is just a JOB and going Large Apartments

• Sold off short term rentals and now Large MFH investor

• Started in family construction business for framing

• Started flipping then rentals

• Moved from using cash for everything to using leverage

• You can bring Money Time Knowledge or deal

• Team up with Lane 😛

• Push through bad experiences

• A year of learning MFH before going into it

• Getting your Fannie Mae card is key via a mentor

• Add value to a mentor

• Keep your focus but pivot quickly

• Mediation and running helps him set the day

• Focus on where you want to be

• Check out the classifieds in newspapers

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Podcast#087 – Fundamentals – Interview with Dana Dunford -What amenities should I provide my rentals and new technologies.

In this episode we discuss:

• Nest automates thermostats and one day in the near future is a good implementation in B rentals

• HVAC or dishwasher breaks and technology can alert you

• Technology good for B and A class

• Class B rentals are having Amazon lockers and these Nest thermostats

• Know your avatar

• At one time backsplash in kitchens was unheard of and now its a cheap fix

• What is standard in the market? Dishwashers, garage doors, laundry price, etc..

• Zillow gives good filters for amenities like washer and dryers

• Ask your property management what is standard

• SFH’s should have the tenant paying the utilities

• RUBS is Reimbursement Utility Billing System

• Skeptic on keyless entry soon but good for short term rentals

• A lot of new hardware and software coming but lets try it out at our own homes first yea 😁

• Use the technology in your rentals for tracking and monitoring

• Don’t have personal relationships with your tenants

• Property manager’s are the most critical people on your team and go off referrals

• Yelp is just angry vendors writing bad reviews for each other

• I look for the negative reviews as a good thing because they don’t want to cave in to resident requests

• A nest thermostat or Thanksgiving turkey might be a good gift to bait a longer contract

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Podcast#086 – Fundamentals – Interview with Ty Crandall – Getting Business Lines of Credit

Ty Crandall is an internationally known speaker, author, and business credit expert. With over 17 years of financial experience Ty is recognized as an authority in business credit building and is the author of two books on credit named Perfect Credit and Business Credit Decoded. He has been featured by Entrepreneur, Inc, and Forbes.

Ty currently serves as the CEO at Credit where he has helped create and grow one of the biggest and most credible business coaching operations in the United States. We help investors obtain capital to purchase real estate.

Something that you have recently thought about “burning your cash” on for time savings or an improvement in quality of life.

Several forms of automation, most recently an automated system for billing recovery.

www.creditsuite.com, info@creditsuite.com, 877-600-2487

Business credit does not use personal credit

Uses your Business EIN

1) Set up a business, website, physical address, land line

2) Get setup with reporting agency – write to reporting agency to see if you have an existing report

3) Get credit cards using EIN (Do not use Social Security Number)

4) Get Uline, Quill, Grainger, Seaton, Gimler, etc accounts

5) After 5 accounts get Home Depot, Lowes, Cash Credit Cards, Amazon, Sears

6) After 10 accounts get VIsa or Mastercard accounts

creditsuite.com/reports

Podcast #85 – Buying and Selling Businesses with Ace Chapman

Ace bought his first business when he was nineteen. It was an online stock market simulator called CoolWallStreet. After selling it and seeing the benefits of buying a business over starting one, he caught the business buying bug. Since then he has bought and sold over thirty businesses and has helped his clients all over the world buy over one hundred businesses.

Ace buys and sells internet businesses. He had done over 40 deals

1) How much simple passive Cashflow are you making today and how are you doing it?

I have a portfolio of over 30 internet businesses that create income.

2) What is your Han Solo moment – Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change. Did you “burn the boats” or did you let it happen naturally – was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?

My moment was definitely burning the boats. I quit college which basically meant that I was not going off have the normal 9-5 corporate life and set on the path towards entrepreneurship ever since.

3) Worst life/business moment and what did you do after? Lesson learned?

Losing my first business after having seven figure offers that I turned down.

4) Current 2-week experiment and 6-month project? (90-180 day goal). A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.

● Current 2-week experiment – taking three breaks a day for meditation

● 6 month project – building a life where I live in both Atlanta and Miami

5) What is your simple passive Cashflow number? Now imagine you had 2x that amount… Describe your ideal day, detailed routine, and what projects you are working on.

● Ideal day – Exactly what I’m doing right now. I love what I do. I don’t have to do it but it’s my passion.

● Projects – Buying and selling businesses. Helping people avoid the risk and headaches of starting a business and show them how to buy one instead.

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.

Jet membership

7) Something that you changed your mind on? Our ego often gets in the way of greatness.

In negotiating deals, sometimes you end up fighting with seller’s egos instead of logic. There have definitely been deals that I have walked away from because I didn’t want to deal with the seller’s ego.

8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.

a) What is your secret/hack for the “Science of Achievement?” Any secret habits to share? Morning or Nighttime ritual?

● My secret hack is avoid what everybody else is doing. The greatest opportunity is always found where the fewest people are looking.

● Morning Ritual – To start the day with as much positive energy and emotions as possible.

b) What is your secret/hack for the “Art of Fulfillment?” How you do contribute back?

● I joined a Big Brother mentoring program.

8) Anything we missed and contact info if you would like anyone to get a hold of you. URL?

● Instagram – ace.chapman

● Twitter – acechapman

● Youtube – Ace Chapman

● Facebook – Ace Chapman

● Website – www.acechapman.com

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Podcast#083 – Fundamentals – Thinking Outside the Cubicle Poem

If you don’t want what everyone else is getting.

We are the hard working W2 employees who followed the competitive linear path. We were groomed to be employees/pawns not businessmen or investors who build passive streams of income/cash flow and value for others – and to the gain of a greedy for profit company.

Our path started by being a high performer in elementary school and high school. We were told to study hard, do extracurricular activities, get high SAT scores and GPAs in order to be admitted into a top college. At college, while other peers were playing frisbee in the Quad, we grinded it out to get a professional college degree that was “worth something”. By now the linear path was so ingrained in us that we went to the well again for higher level degrees and specializations. If that weren’t enough, we were faced with final professional tests to become certified at our jobs and faced the rigours of junior level employment… all as we further delayed gratification for our efforts. Let’s not even talk about the student loans… we still balanced our monthly budgets like good boys and girls. (If you can’t manage your personal finances then do not read on… money only magnifies your personal tendencies, good or bad)

Today, for some of us, we truly enjoy the profession we set out to achieve decades ago. Others are left unfulfilled and enslaved by the “golden handcuffs” where we find ourselves still running in the hamster wheel… just a bigger hamster. The dogma of the Wall Street “buy and pray” method just is not going to achieve our goals. We had the big house/nice car but along with that came the monthly payments that created this financial incarnation. In the end it was not about the money but freedom.

Real estate built on a foundation of cashflow is the quickest and most conservative way to build lasting wealth. “Wealth” is not necessarily how much money you have but it is defined as ‘how long’ you can live off your passive streams of income with your level of expenses if you stopped working. This can be achieved by two ways:

1) Increasing your passive income or

2) Decreasing your expenses

The SimplePassiveCashflow.com way is focus your finite energy on building passive streams of income rather than once again delaying gratification to decrease your expenses.

The “True Meaning of Wealth” is having the freedom to do what you want…with when you want to do it. Building cashflow via Real Estate is the ‘Simple’ part of it… finding happiness and fulfillment after you are free from the W2 day job and other obligations… that’s the difficult part.

Work with people that make it fun and ‘play’ along the journey. There is always going to be the next deal and the next plateau. You are always going to be thinking “I will be happy when I have…” so enjoy the ride and in the end, leave everyone and everything better than you found it.

#GoodProblem2Have #PayItForward #the4% #Value-Add #Add-Value

• Study hard

• Go to college and get a good job

• Save your money

• Live below your means

• Anti millionaire next door

• Get it by earning more not cutting back

• Play offense not defense

• Diversify your investment

• Get out of debt

• Retire at 65-70 and live off nest egg

• Good time/market/economy -excuses

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Podcast #079 – #LaneHack – The Mindset to Overcome Starting Something

Christian Knight gives us his 4 techniques on how to control fear:

1) Embrace the fear – removes complacency

2) Manage your fear – Visualize

3) Practice it and get experience

4) Eyes on the prize

Don’t just die like a salmon. Do something meaningful. Take action and step out!

– Jason Statham

Remember why we are doing it. The “new rat race” is what the entrepreneur often finds themselves in where they have escaped the W2 job but have created an active business for themselves.

– Jason Statham