SPC Charity: Choose Love for Our Students

Teachers are good people but man do they not make any money!

Often times they have to pull money out of their own pocket to pay for things the School District cannot afford.

We decided to change that!

The DonorsChoose listing link.

Later that day…

We definitely scored one for the kids!

Here is what we got for the kids:

DonorsChoose.org was a little slow (and ~$200 of fees) the goodies arrived!

My students need supplies to support our Choose Love movement, a social emotional program that teaches children how to choose love in all different situations. We need clipboards, pillows, answer buzzers and much more.

My Students

My students are active, fun loving and excited to learn. They love hands on activities that allows them to engage in building and teamwork with one another. They come to class ready to learn and are eager to share their ideas with each other.

We continue to work together to build a community within our classroom that encourages each other to grow and learn from one another.

Its important that all students have a voice and that we as educators understand all of our students needs. We promote a learning environment that builds a culture within the classroom of love and understanding through learning. Every year I am blessed to have a loving and engaging group of students that encourage me to keep learning along side of them.

My Project

Our school is focusing on our Choose Love Movement this year. This social emotional program is encouraging students to choose love in all different types of situations. The program focuses on 4 components, courage, gratitude, forgiveness, and compassion. With the materials from this project, I am creating a Choose Love corner for my students to use as a space to express themselves honestly with no judgement or fear.

This Choose Love Corner is helping to “cultivate optimism, resilience, and personal responsibility” in all students.

I really want to encourage my students from an early age, a healthy way to express their emotions. A main focus of the corner will be the rug where students can take their Choose Love journals and share about anything they are feeling both at home and at school. The emphasis of the rug is also about different traits that I am hoping to instill in my students as well. Many of the items will be used by the students to make them feel comfortable sharing things in their journal that they may not feel comfortable talking about.

I am hoping that if we can teach students from an early stage and provide them with the life skills of coping with situations, it will continue to encourage a happier and stronger learning environment for all students.

Hacking your HSA / FSA / Flex Spending accounts

I’m going to start out by saying please do not take this as legal/tax advice!

One rule I follow is “pigs get fat but hogs get slaughtered.”

But if there is a tax code or loophole within reason/ethical good faith you should exploit it as much as possible.

In 2017, I purchased a half acre in a turnkey Coffee farm in Panama in my Health Savings Account (HSA) for about $15,000.

HSA’s are truly awesome! You add money to an account tax-free (like a pre-tax 401k), don’t get taxed on the gains (like any retirement account), and you don’t have to pay taxes when you use it on Eligible Health Expenses (like a RothIRA).

You need a High Deductible health plan to be eligible for an HST. I’m going to get a little political here… health costs are on the rise because it bails people out for not being accountable (good diet, sleeping habits, stress, and exercise program). The company famous for the yellow Twinky bars cited rising health cost as their reason for going bankrupt… go figure.

You WILL have health expenses, MAY have retirement expense… in other words, you will likely die and have health expenses before you retire. So it makes sense to fund an HSA account before any 401K, Roth IRA, IRA, etc.

Here is some information for your entertainment purposes to see what you can start to use your HSA for:

USA Today article

More resources

Getting a doctor to sign off on your medical purchase as necessary will need a template:

Sample Letter of Medical Necessity for Hyperhidrosis Treatment

[Date]
[Insurer name]
Attn: [Name of individual]
[Address]

re: [Patient name]
[Policy number]

Dear [Insurer name]:

I am writing on behalf of [Patient name] to document the medical necessity of [insert treatment option here] for the treatment of hyperhidrosis. This letter provides information about the patient’s medical history and diagnosis and a statement summarizing my treatment rationale.

Hyperhidrosis, or excessive sweating, is a medical condition that can have a devastating effect on a patient’s quality of life, causing physical discomfort, secondary skin problems, social/emotional  sequelae such as anxiety and depression, and disruption of occupational and daily activities. This has certainly been true for [Patient name], who has been impacted by hyperhidrosis for [insert duration of symptoms here].  Specifically, [he or she] has had difficulties with [insert quality-of-life, social/emotional and/or career/daily living problems here].

[Discuss patient’s diagnosis, treatment history, and degree of illness]

[Insert patient’s name] has tried the aforementioned therapies thus far without success and I, therefore,  recommend [insert treatment option here] as the next logical choice for treating [his or her]   hyperhidrosis.

In light of this clinical information, and this patient’s condition, [insert treatment option here] is medically necessary and warrants coverage. Please contact me at [(000) 000-  0000] if you require additional information.

Sincerely,
[Physician’s name]

Here is what I put together to get massages for stress from dealing with SPC listeners who don’t listen to the podcasts before booking a call or people who don’t take action:

[2018.11.8]
[Insurer name]
Attn: [Lane Kawaoka’s HSA servicer]
[Address]

re: [Lane Kawaoka]
[Policy number]

Dear [Insurer name]:

I am writing on behalf of Lane Kawaoka to document the medical necessity of massage for the treatment of mental stress and muscular discomfort. This letter provides information about the patient’s medical history and diagnosis and a statement summarizing my treatment rationale.

“Mental stress and muscular discomfort”, is a medical condition that can have an effect on a patient’s quality of life, causing physical discomfort, secondary skin problems, social/ emotional sequelae such as anxiety and depression, and disruption of occupational and daily activities.  Specifically, he has had difficulties with discomfort performing his duties at work and exercise routine [insert quality-of-life, social/emotional and/or career/daily living problems here].

[Discuss the patient’s diagnosis, treatment history, and degree of illness]

Lane Kawaoka came into the office in early 2018 where we ran a cardiovascular and blood assessment.

Lane Kawaoka has tried the aforementioned therapies thus far without success and I, therefore, recommend massage as the next logical choice for treating him.

In light of this clinical information, and this patient’s condition, massage is medically necessary and warrants coverage. Please contact me at [(000) 000-0000] if you require additional information.

Sincerely,
[Physician’s name]

Hui Mastermind – Tony Robbins UPW in LA

If you would like to just – soft commit form

We are forming a group mastermind like the last one in Sonoma.

We will be attending Tony Robbins Unleash the Power Within (UPW) in Los Angeles Convention Center on March 14-17, 2019. 

I attended it in 2016 and it was the inspiration behind my story in my book.

I’m normally not an excitable person (there is a lot of jumping around and dancing – which I’m not too big of a fan) but this UPW event the real deal!

Lowest prices through November 26th (I am currently negotiating an upgrade one or two levels so let’s plan on buying the General Admission for now)

General Admission tickets-regular price $1095-current price 2 tickets for $1095 or through me only 1 ticket for $547.50

Executive ticket-regular price $1395-current price 2 tickets for $1395 or through me only 1 ticket $697.50

VIP ticket-regular price $1695-current price 2 tickets for $1695 or through me only 1 ticket at $847.50

Diamond ticket-regular price $2395-save $500 through me only $1895 at this time

Diamond Premiere-regular price $2995- save $500 through me only $2495 at this time

Here is the direct link to Tony’s website.

I suggest bringing an accountability buddy or significant other. The worse thing is to come back to normal life without someone speaking the same “language” around you.

I see these motivational events as “baths” which you need to take from time to time. Even if you are someone who is internally motivated, this will take you to another level.

Why join the Hui:

  1. Learn the framework to be happy – best video segment ever
  2. Connect with people like minded
  3. You will leave this event changed – as silly as it sounds “things will never be the same”
  4. This event will be held in a smaller venue (12,000 people) which I was really excited about when I was planning this because it is a lot better environment than the normal sports arena setting where everyone is captive in their rows.
  5. You get to walk on burning coals!
  6. Learn more about the event here – note the LA event is not yet listed

Details are still being formed but we will likely get upgraded one or two levels if we come in as a large group. 

I am also arranging for a Monday decompression meeting to connect with other investors who attended from the Hui.

This event is more for personal development than investing. But it is certainly investing in yourself! After all… getting the passive cashflow is Simple but what you do after is the hard part.

I don’t personally guarantee investments because of course there is always a risk but I WILL guarantee your ROI if you come to this event! Call me and I will share my experience.

See what Tim Ferriss says about this event (last quarter of the end of video)

Reserve my spot (Due by Thanksgiving) – soft commit form

Trust me it’s going to be amazing!

After going in 2016, I made these goals in 2017. Some of which happened so of which I overshot.

 

 

So you are in!

Preparing for your first Unleashed the Power Within Seminar:

1) Come with an open mind.

2) Make a list of a few limiting beliefs. Everyone has these. Some common examples are I am not achieving what I want because… (I’m to young, too old, never went to college, a woman, I’m brown, I did not come from money). These are the things that subconsciously hold us back.
3) Prepare to tackle your biggest, hairy, huge goals.
4) Tony will bring it. He drops the F-bomb a lot. Mostly for shock value as again it is entirely on purpose. Note: he gives free tickets to some troubled kids and he tries to speak to a lot of the kids in the first few minutes who likely have never have heard him before.
5) Prepare to dance your ass off. Even if you can’t dance/hate to dance/have no legs… You will still want to dance. Get in that “puppy pit”.  For goodness sake… Live like you don’t give a fuck. Get comfortable with being uncomfortable. Dance because if only it is you trying to do something different.
6) Joseph McClellan will speak on day two and day four.  He is a good speaker too. This is not a 5k seminar so you do not get four days of Tony… Its a fraction of that.
7) Be prepared to show up early and go long. Like 8 am to 2 am long. Stay as close to the convention as possible it will be crazy leaving when everyone else does. Don’t try to skip out. If you are getting tired you are letting circumstances control you instead of your leading your state! It is often in the moments when you are close to your limits that the biggest breakthroughs happen, so don’t sell yourself short.
8) Firewalking is real. I thought it was a party trick when I did it and did NOT get into state. You can do it and you will remember it for the rest of your life. This will be trumped by day 3 transformation evening showcase.
9) Taking your spouse or buddy? It’s good that you will be on the same page when you get back to real life but consider not sitting together for part or all of the seminar. There is a lot of value to connecting with others there and getting outside of your normal conventions.  Don’t be afraid to talk to some people. Volunteers, there are a wealth of information about what’s coming next and what to do. You can be your true self when you don’t know the other person as they don’t know you or have any expectations of who you “should” be.
10) I would take notes and more importantly brainstorm action items and implantation plans.
11) Drink the kool-aide. Be all in. Dance, scream, visualize. Show up on time and stay till the end. Get your money’s worth. Do it! It’s worth it.
12) Tony is on another level in terms of hypnosis that makes NLP obsolete. Go with it.
13) Try to sit in the aisle so you can mix and mingle. This makes it easier to run out for a quick bathroom break. You will have to be in there a little earlier like 30 minutes scheduled to start. Also, try and find the bathroom that no one uses for quicker usage. don’t wash your hands it’s faster… Jk.
14) Read/listen to any of his books or audio program
15) Check out what is on YouTube e.g. his TED Talk
15) Watch I Am Not Your Guru on Netflix
16) Six Human Needs and Triad are the core of his work you can learn more in his TED Talk or on his website
17) If you’re not in the right state, not getting it, not feeling right etc. ask any of the leaders and trainers for help, they are amazing resources and have been through it so many times before so have seen, heard and experienced it all before.
18) Subscribe to UPW Facebook group for the event
19) On day two make a list of things you will Stop doing

What to bring to the Seminar

1) A heavy jacket or even blanker – Tony keeps the room extremely cold on purpose. It’s all part of his magic. Embrace it.
2)  You will be jumping for hours. No heels or dress shoes. The only type of shoes you should be wearing are tennis/keds/flats/basketball shoes. Most people will wear causal or gym type attire.
3) Don’t just bring snacks. Bring meals. I’m talking fruit, nuts, hummus, veggies, crackers, granola bars, etc. If you don’t, prepare to race 10,000 other people to be in front of the food line. Post-mates/Uber eats can be a good healthy option. If you are so compelled fast for the four days – and start the literal cellular autophagy – as you will learn the pain is all in your mind!
4) Notebook

Post-event:

1) Give yourself a couple of extra days after the event to catch up on sleep, decompress, review your notes, absorb and process what you learned and make a plan for how you will integrate changes in your life.  You will be tempted to plan to rush back into “life” straight afterward but to allow yourself to recover and to successfully integrate your learnings you need to give yourself a little time. There will be some discussion on this on the fourth day.
2) Stay tuned… I will plan an event Monday morning or Sunday evening.
I’ll try to get some of the following

Hot hands

Bars
Water
Bags
Jerky
Nuts

Official Event Info

Thursday: 11:30am – 10:30pm
Friday: 8:30am – 10:30pm
Saturday: 8:30am – 11:30pm
Sunday: 9:00am – 7:00pm
EVENT LOCATION
Los Angeles Convention Center
1201 S Figueroa St.
Los Angeles, CA 90015
South Hall GHJ
https://www.lacclink.com/
Outside food and beverages are not permitted in the LACC Center
with the exception of sealed bottled water and sealed light snacks.
Light snacks include single-serving items that would be consumed
by one person. For example, granola bars, protein bars, bags of
chips, crackers, beef jerky or whole fruit, etc. Empty refillable water
bottles are permitted and can be refilled on the main concourse at
LACC Center’s drinking fountains. Coolers and grocery bags are not
permitted in the LACC Center.

131 – Takeaways from #FinCon18 and Side Hustle stories

 

Just got back from FinCon2018!

 

What’s that?

A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money.

In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people.

Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35…

The Millionaire Next Door book is not the type of lifestyle I would like to live.

A lot of financial advisors which I don’t really like.

I am cool with how it is enough to be happy and content.

Other Findings:

New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous.

A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own.

Liberty health share – religious-based health insurance

Side gigs – consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs.

Interviews to follow in video…

Please share this with friends because if you don’t soon you won’t have any friends to have mid-day lunch with when you not doing anything
Interview 1: Michael – Financiallyalert.com –
Interview 2: Spendlessgreen.com
Interview 4: Alex – http://dailyps.com & nguonline.com
Audio only version

Hui Deal Pipeline Club Shareholders & Investors Mastermind


Everyone was encouraged to mingle and specifically sit with a different person on each bus trip and venue switch.

Your network is your net worth… and this will be a “high-target” environment.

We will learn from each other and connect with other high-level investors that you will climb the ladder together.

Some questions that might come to mind is why are we traveling offsite, for so long, and in a bus like little children?

As much as the private bus concept sounds like “captivity” to adults… relationships formed on the bus will be invaluable.

One of the goals of the Hui Deal Pipeline Club was to create a group of investors crowdfunding due-dilligence to find the best means and methods.

Topics covered:

  1. Asset protection
  2. Scaling your portfolio
  3. Roundtable mastermind format

Schedule:

10am meet at HopMonk in Novato
10:00-11 Drive to Buena Vista

11-12:30 Buena Vista Winery – tour, tasting, lunch https://yelp.to/qTKq/9jF7zlz1AQ
12:30-1 Drive to valley of the moon
1-2:15 Valley of the Moon https://yelp.to/qTKq/AezMXT20AQ
2:15-2:30 Drive to highwayman
2:30-3:45 Highwayman Tasting Room https://yelp.to/qTKq/LIPoTCcZAQ

3:45-4:15 Back to HopMonk

4:30-6:30 Dinner and mingle

Why invest in MFH

MFH is the obvious choice when it comes to jumping into syndications because it is the shorted logical leap for a single family home investor.

Here are some other reasons:

  1. We need more housing for class-C and class-B renters due to population increasing and rising interest rates
  2. Inflation favor hard assets
  3. We are no longer a buying nation we rent (think millennials)

    [This is the millennial version… cause they can’t seem to afford (or want) to own anything]

  4. The government is trying their best to incentive investors – Follow the money people!
  5. 2018 tax changes with bonus depreciation make it better for projects like large apartments to get better tax treatment than ever before via a cost segregation.
  6. The country needs 4.6m new apartments by 2030 (Source). We need more class C and B housing. Our country is becoming more like Asian Countries where the is a bigger divide in the wealth gap and need for low-income communities.

Market Indicators:

  1. Large employers or job growth
  2. Population increasing
  3. Rent increases
  4. Occupancy/Vacancy stabilized

Typical business plan:

  1. 60+ units or more to get economies of scale and to have dedicated staff on site
  2. 1970-1980s Class B or C buildings
  3. Utilize Fannie Mae or Freddie Mac Non-Recourse debt with up to 12-year loan terms
  4. Buy right – rehab units with $2,000-8,000 per unit – reposition by improving operations and stabilizing rents for exit
  5. Property cashflows day one after purchase
  6. Re-brand (new signage and online presence)

Value-add:

  1. Poor existing property management
  2. Old tired units or leasing center
  3. Outdated amenities
  4.  Creative improvements using best practices and technology
  5. Additional opportunity for extra income

Miscellaneous ideas for thought:

  • 2010 to 2015 is the golden era of Multifamily. Many rents were going up 5-10% per year (average 2-3% in a good market).
  • The (Global/National) markets go in cycles, the sub-markets (physical locations) go in cycles (see below)
  • Asset Classes go in cycles but hopefully, you are investing with the pros who transcend the high-level norm.

Multifamily Investing Lingo

Real Estate terms:

  • Pretty simple if you understand the way to utilize them and how they play together in real estate transactions
  • Applies a lot in larger transactions (multifamily), but can be applied as well in smaller (single family) transactions

Income (types):

  • Different ways you can make money on a property
    • Rent – not what is on the contract, but what the market would yield for the space that you have
    • Other Income
      • Pet Fees
      • Laundry
      • Reserve Parking
      • Late Fees

Gross Market Rent:

  • Sum of all the different types of income you can earn from the property

Deductions that can be taken from the Income types (can also be called Efficiency deductions):

(Loss to) Lease:

  • Loss of income based on the market value of the property minus the amount you are renting the property for
    • Example: You have a property you are renting out at $750/month. The current market value of the property is actually $825/month (based on listings in Craigslist, etc.) You have a $75 Loss to Lease per month on that property
    • This is money that will never be gained, as the market changes so much
    • This has to be factored in when looking at properties, and you should constantly monitor the market you’re in to see what kind of Loss to Lease you’re taking on

(Loss to) Vacancy:

  • Especially on bigger properties – you will never have it leased all the time
  • Normally, there is a week or two of vacancy, sometimes more (up to a month or even longer) between tenants
  • A lot of people like to estimate 5% loss due to vacancy, but should be considered more scientifically than just stating a number. For example, if it’s a single family home, you’ll want to factor in at least one month’s rent, which would be equivalent to 8%. If it’s a duplex you’ll want to factor in one month’s rent for your most expensive unit. The more units you have, the more you can expect that vacancy rate to go down. But be conservative when you’re writing up a deal – the smaller the deal, the higher your vacancy rate. So start at 10 if it’s a one or two unit deal, and then drop accordingly.

(Loss to) Collections:

  • Isn’t just money you will be getting back from tenants who are late on payments
  • Includes loss of money from tenants who move out and are not able to pay their balance
  • You need to factor it on your own in the market you are in and what the economy you are dealing in is
    • Example: If you are dealing in C or D type neighborhood, you will have to factor in [Loss to] Collections. If you’re in a B or A type neighborhood, then you can lower Collections down to zero and assume the loss will just come out of Vacancy

Effective Gross Income (EGI):

  • Gross Market Rent minus whatever loss will come out during operations (Efficiency deductions)
  • Real money that comes in through the property
  • From your EGI, you will still need to deduct your expenses (listed below)

Expenses:

  • Insurance
  • Professional Services – Leasing commissions and/or other professional services you bring in (legal, accounting fees, etc.). If you’re an LLC, you will need to put in your budget the cost (tax) for the LLC every year ($400 – $500), IRS
  • Regular Maintenance (landscaping, snow removal, heater service, pest control, touch-ups and minor renovations on unit before tenant moves in, fixes like clogged-up toilets, etc.)
    • Rule of thumb for Regular Maintenance: Brokers will place it 3% of your EGI, but is more effective to think it as dollars per unit.
    • Example: If property is something you bought, did a full renovation on, put tenants in, and then got it refinanced (BRRRR – Buy Rehab Rent Refinance Repeat), your maintenance should be lower because you’ve done everything and should be able to call for a warranty call at the very beginning if it’s something the contractor who did the work on your property didn’t do. If you’re very good at turning these properties over, then you should have very little maintenance going in
    • If it’s a newer rental, could be anywhere from $300 – $400 every year
    • If it’s something you’re inheriting (inheriting maintenance issues as property already has current tenants and will need to deal with it as you go), you will want to go with higher maintenance numbers: $700 – $900 per unit per year
    • Will really depend on how much you project it to be (check out the property thoroughly, and/or if there are existing tenants, ask them what are the maintenance issues) as it can really kill or make you a lot of money on your deal.
  • Property Management Fee – 6%
    • Property Management means looking after the property and make sure operations is running smoothly
    • If you are managing the property, you will want to put that in your own pocket
  • Asset Management Fee – 2%
    • If you are hiring a Property Manager, you will also need to hire an Asset Manager, or you can be the Asset Manager and that money will also go into your own pocket
    • Fee of managing the Property Manager
    • Asset Manager will be the one to pay mortgage, ensure real estate taxes are being paid, monitor the markets and ensure that the right rents are being charged, will also have veto power to veto work orders that might come up that you don’t want to have done because they’re too expensive, etc.
    • Asset Manager is also there to look at the real value of return on the asset
  • Utilities
    • Everything from heat, water, sewer, even CCTV systems, phone lines
    • You will want to look at the prior owner’s expenses for utilities were (around 18 months’ worth), or look to see what the market or other people are paying
    • Make a good guesstimate on what your utility projections are going to be and go from there
  • Real Estate Taxes

(Above the) Line:

  • Term sometimes used by brokers when grouping Gross Market Rent, Efficiency deductions, EGI and Expenses (everything that gets deducted out to determine the profitability of the deal)
  • Note: I don’t really talk in terms of Cap rates because you can manipulate the “above the line” assumptions to get whatever you want

Net Operating Income (NOI):

  • EGI minus all the expenses that can be deducted from it
  • Does not include mortgage payments or Debt Service (money you have to borrow to buy the property)

Capital Expenditures (Cap Ex):

  • Also usually referred to as Below the Line expenditure but is also sometimes considered as Above the Line, depending on whether you are selling or buying a property
  • Long-term improvements to your building/ property
  • Major renovations to bring unit/ property up to market standard (replacing the roof, replacing the furnace, full renovation on a unit)
  • Any expense that will add long-term value to your building
  • You will need to set aside money for this (Cap Ex Reserve)
  • Not taxable as it is just money you are earning but will be setting aside in a savings account

CAP Rate:

  • NOI divided by the price you’re buying the property for
  • Determines the money that the property will give you
  • Example:
    • If NOI is $100k and the price of the property was $1 million, then CAP Rate would be 10%
  • Intended to be used when valuing buildings (especially commercial real estate)

Cash Flow (CF):

  • NOI minus Debt Service
  • Also determines your Return on Investment (ROI) on the property

Debt Services Covered Ratio (DSCR):

  • Looked at by the banks
  • How many times the deal can cover the Debt Service
  • Calculation: NOI divided by debt service
  • Most banks will want to see a DSCR above 1.25%, you will want to see a DSCR of above 1.5% to get a higher ROI

Green Credits:

  • Breaks in your interest rates for employing energy saving means
  • Full report

Reports for your digest:

18.11.15 – 3Q18_US_Multifamily_Capital_Markets_Report

18.11.18 – Yardi Monthy Report

125 – Living the FI dream abroad with Jeremy Jacobson from Go Curry Cracker

YouTube Link: https://youtu.be/3NQ0agjuxXY? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word “”ebook”” to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math!

________Here are the Show Notes________

Went on normal path. Got a job after college, house, and fixated on paying off student loans.

Aggressively paid down student loans, but motivated by people who retired early.

5 years ago, both quit their jobs, traveling, raising family, and living their dream.

Ruthlessly slashed expenses and saved 70-80% after-tax income.

Max contributed to 401K, IRA, HSA, and after-tax accounts.

Short-term joy = trading years of financial-free opportunity.

Actively chose lifestyle. Traveled internationally by arbitraging where they lived with low living expenses.

Didn’t listen to mainstream advice of owning home. Choosing a renters lifestyle to not get “”stuck.””

Both have blogs and garnered new friendships; not the “”Seattle Chill.””

Finances on auto-pilot. Can work on growing family in Taipei and doing creative things they did during childhood.

Two types of things preventing people from being financially-free: Afraid to take leap to be financial-free and long-term goals to strive towards.

People don’t change minds because you provided info to them; they change when they’re ready.

Visit www.gocurrycracker.com and social media accounts on FB, Instagram.

Open post

Downgrading transportation

I recently was involved in a car accident where my car got totaled (I’m 100% fine which is why you buy Mercedes) but I’m a bit at the crossroads now.

Should I get a…???
A) Bike with Electric Assist
b) road bike (maybe not like this one but definitely no spandex)
C) Electric unicycle

Important notes:
1) My daily commute is under a couple miles
2) I live in Hawaii the weather is perfect
3) I need to interject more activity and vitamin D. I’m getting fat because there is too much good food here.
4) If I need to go somewhere for fun I feel the time savings I would get by Ubering and getting work done will be a huge improvement#time>money – Here is my discussion on trading money for time.
5) I am not a good driver, to begin with, lol

This is my latest experiment to try and go with a combination of an electric bike for my normal commute and Uber (maybe even get the American Express perk card so I can get VIP Uber status). I figure I can always go and get my Ford Raptor if this experiment fails.

I know what a lot of people might be thinking. Oh, another millennial with this own nothing mentality. First off I’m a late Gen X’er (I just look like I’m 20 years old) and secondly my hourly rate these days makes driving a car a little dumb. I’m not really a saver like Mister Money Mustache (most famous financial blogger with 30M subscribers) but seem to be following in his footsteps.

I see a bunch of people strive for a gazzlion apartment units I have been trying to step back and ponder why??? This video captures how I am feeling.

For people going after said gazzlion apartments… cool, but a little weird to me personally. When does the madness end? What is the end game or is it just ego and a big pissing contest – cause I imagine those are a little messy.

Off the soapbox.

Here is what I plan on getting for Costco – the greatest store on the planet with the greatest return policy.

I already bought a helmet, Osprey bag, and this model below. Maybe I can even charge this at work 😉

 

In 2009 I as a young 20-something year old I bought an A class rental and it has been a series of lesser and lesser quality and size of housing arrangements. But is that really important?

I always wanted a Mercedes and got one a couple years ago (with a $500 payment that AHP pays for). But in the past few months, I noticed I was kinda over it. So it was interesting this turn of events happened. As Tony Robbins says “Things happen for you not to you.”

Freedom (FI) is really what’s important to me the most. Not shiny objects or looking cool in front of people you don’t care about (who are going to work at jobs they don’t like).

An excerpt from Kyle Wilson:

Great Lesson From Jim Rohn

In my earliest days as a seminar promoter (prior to launching Jim Rohn International in 1993) I was promoting an event in Dallas. I had booked Jim Rohn for a day long event starting at 10 am and going till 4 pm.

Typically I would arrive around 6:30 am to make sure the stage, room and tables were all set-up correctly and then my team and I would set-up product tables and get everything ready for when attendees arrived. Often people would start to to show up as early as 1-2 hours before the start time.

Well, for this event I was in for the shock of my life. I arrived at the meeting room to find it packed full of people eating a buffet style breakfast! Another event in MY meeting room! What??

I instantly went into panic mode. When I found my event coordinator they assured me everything was okay since that meeting would end by 9 and they could do a quick turnaround by 10.

Well that’s NOT how it works. It takes hours to set-up the room and tables/products plus we would already have guests showing up before the current meeting was even over.

I went into solution mode and asked if they could give us another room. Answer: no – they were booked solid (one of the reasons they tried to sneak this other event in).

Now I’m beyond upset and panicked. My first thoughts were all the expectations of those who had purchased tickets and their busy schedules. And I have to be honest and admit that I then started thinking about all the refunds that were going to happen as a result.Then it escalated to me worrying how all this would reflect upon me with not only the attendees but also the man I had booked to speak, my future mentor and business collaborator, Jim Rohn.

All attempts to find a solution, a fix were exhausted. Now what I faced was how to best communicate this to the folks showing up and how to tell Jim.

Around 8:30 am Jim came strolling down to check in before going to breakfast. I braced myself to share the really bad news.

I humbly and embarrassingly told him I had somehow dropped the ball and allowed the hotel to overlap us with another event. I explained at best we would be able to start at 11 and sheepishly would need to explain what was going on with attendees and ask them to wait. 

I’ll never forget this next moment for the rest of my life. After sharing the bad news and making it clear we were out of options, Jim just calmly looked at me and said, “Kyle it will be okay. It’s not like a good friend died. Now that would be a problem. This is just an inconvenience and I will make it up to them by going longer and making it my all-time, best seminar.” WOW!!

What a paradigm shift! And what an incredible life lesson for me to learn from my future mentor. “It’s not like a good friend just died!” How many times have I since used that line and the real meaning behind it to put into perspective when things don’t go the way I planned or intended.

I will always be grateful for all the remarkable lessons and wisdom Jim passed on to me beginning with the first time I promoted him in 1990, then starting Jim Rohn International in 1993 and up until his passing in 2009. 

This lesson in particular, maybe because it was so early in our relationship, has special meaning and memories and appreciation for my mentor and friend, Jim Rohn.

Networking tips (Just being a decent person)

  1. Giver or Taker part 2

Ex-NBA All-Star gives advice on how to handle the financial and social pressures of celebrity and wealth.

He explains on his voicemail how he wanted people to identify themselves as 1) Addition 2) Subtractor 3) Divider 4) Multiplier. Some of us are unconsciously subtractors and dividers.

The very end of the video, Jalen talks about how to not connect good people with bad people in your network in the “Female Assistant” role.

Networking Notes

So you have gone to a few networking events and met some cool people (and found people you would rather not be around).
One of the biggest mistakes I made was going to my local real estate group because they were not focused on passive real estate investing. I started to pay a little bit of money ($10-1500) to attend events and conferences where people had a little more skin in the game and actually had to take time out of their schedule and fly somewhere and get a hotel room. There I found much more serious people. At that point, I tried to find those who were similar to my pedigree (high paid professionals) just a little bit older than me.
Now how do you turn that from swapping a few business cards to going “a mile deep, inch wide?”
Goal: identify people that you need to add to your network. And target those people.
A “target” is someone who has influence, network, net worth, or knowledge you need.
1) What target sub-demographic do they influence?
2) What are the tae-gets Needs, Wants, Desires, Goals. And Objectives (NWDGO)?
3) How can you help the target achieve their NWDGO?
4) What position do you need to be in (from the target’s perspective) to approach them?
5) Think about it… What the heck does someone who is busy and successful want with another pain in the butt person just running the question train on them or just taking their time? Think about the next steps? Don’t be like everyone else.
Caveat: Do not be a quid pro quo person. Doing things with an expectation for getting something back.