Beyond Accredited Status – The SPC Mission

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Hey guys, on today’s podcast, you’re going to be learning about how this will pass a casual mission has been changing and a little bit about masterminding and what happens when you go beyond accredited status and the still idea that I’ve coined the phrase called first-generation.

Personally. , my parents didn’t have a million dollars and, , we’ll be the first generation to go over that threshold. But the journey doesn’t end there, right? In this day and age one to $3 million is not much. It’s, you’re getting off the ground, but what do you do?

And create that legacy. We always talk about getting over that four and a half million dollar network status, because at that point you’ve put yourself on a platform to take it beyond. But at that point you’re comfortable in life. If you haven’t yet, please join our investor club@simplepassivecashflow.com slash club.

Join our email list and enjoy the show as I’m being interviewed in another guy’s podcasts, he’s asking really good questions to me. So I thought I’d also share this with my group. When he treats me

Is going back. So when you’re talking about, okay, I’m in this job, here’s something that can get me out of the rat race at that point.

What did being outside of the rat race mean to you and how has that changed over time? I’ve switched from one hamster wheel to another, ? I’ve gone down this path of putting together a real estate opportunities and I’ve turned it into my new profession. . So I’ve just traded one rat race for another essentially.

But there was a point in there where I was financially free and I realized the point where, for a couple of weeks there, I was this is fun, right? I don’t need to work anymore. And I think you see a lot of personal finance bloggers go on this path, where

they’re just going to go travel abroad for a couple of years. For me, it was a lot quicker than that. It was just maybe a couple of weeks where I was like, yeah, this is late. Taking pictures of my food. I’m posting it on Instagram. It’s lame. . There has to be more to this than just drinking pina coladas with endless time on my hands.

And that’s where this mission came in and when people have different missions, . And when I implore people to help some people trying to find their mission, it’s usually what pisses you off in life. Or at least that’s for me. For some people it’s, battered women, they want to help them louder or homeless dogs, or, for me, it’s just there’s so many hardworking professionals out there that. Worked so hard and did everything that they were supposed to do, pay their taxes by their house to live in which I don’t necessarily agree with. And especially invested on these mainstream, , retail wall street products, where ultimately their returns were just stolen from them.

This is the wrong that I want to correct. And if people just bought a handful of rental properties, I kinda just pressed on with that route. They’d be financially free and by five to 10 years, and that hope and pray in 40 and 50, like the traditional method of it is simple, but it’s very counterintuitive what the wealthy do compared to what normal people do.

But it’s not that hard. And I think that’s why I’ve tried to create simple, passive cashflow.com in such a way to. Distill what the wealthy do, show the paradigms on why you would do it and when you would do it and then put it out in a simple manner that the lay person can understand.

And is your club you’ve met your teachings purely around property, or are you looking at other various sort of passive? Obviously there’s the industry side of the country out of club things as well, which goes a little bit beyond property, but as a general rule, is it in that sort of space where you’re going into all sorts of.

Yeah. I started with investing in stocks and real estate first, but the reason I keep coming back to real estate or kind of three big things, like first real estate is a hard, real asset. It doesn’t just bounce up and down like paper stocks, right? It’s a commodity, right? The brick, the wood, the land, it’s a real asset that sort of acts like a commodity.

The second thing is like a cash flows, right? Cryptocurrency doesn’t really cashflow stocks don’t really cashflow, right? Cashflow is what puts food on a table. And that’s what real estate does, especially when you go after 1% went to value, ratio properties are better, and the last one is like the tax benefits.

Someone needs to make three or four times as more than me in crypto. I keep the same amount of money at the end of it than I do with real estate because of the great tax benefits. And this is where, you start to get insight into how the wealthy do things. Yeah. They invest in better assets, better deals, but when these deals they can do cost segregation, supply all this passive losses out of the investment and use these passive losses to choose how much taxes they would like to pay.

That’s when you start to realize while this is a kind of a twofold kind of strategy here, the whole tax game. Yeah. And going back to your shift in terms of, getting to that point, your financial free a couple of weeks ago and board realizing what your mission was, the thing that pissed you off, and then now driving forward from there.

How is it different from having a mission-based. Business that you’ve got now compared to where it was before. How do you feel about the, what you’re doing? And when I started my podcast back in 2016, it was just a means for me to, a lot of my friends were asking me how do you get buying all these properties that you don’t even visit that are like a couple of thousand miles away?

When I was buying these turnkey rentals at Birmingham, Atlanta, and, I would explain to my friends over lunch, How would do it. And of course, nobody does anything, so I started to make the podcast right, as a way to report the dab thing. So I won’t have to keep repeating myself.

And that was how it started. But then throughout the years, I became more of an accredited investor. The topic materials has changed to more private placements in syndications taxes, legal. And legacy creation. And that was where I started to grasp upon the mission. The mission is that kind of help work and professionals out there learn and see the differences between mainstream financial advice that is put out there.

And what are the real wealthy people doing? And then distilled that and into actionable steps for regular people were really good, hardworking people. It’s the shrinking middle class. They’re endangered species. That’s the target. So how has your relationship changed with your business now that it’s more mission-focused.

I think it it helps figure out like, every day you’re making binary decisions. Should I do use this color or that color? Should I send out this email or that email? Should I put this in my funnel sequence or not? It just kinda clarify as everything, right? What’s the mission?

The mission is to help out, that one dude out there, Andrew, . He’s struggling. He’s struggling to get by. He’s a good saber of this money, right? He’s not financially responsible, but he’s just not seeing she stopped getting any traction. He’s saving up his money, but it’s very slow and he’s paying a lot of taxes at the time.

What does Andrew one, right? What color would I use here at that? But speak to NG one. I know that’s a little weird, but what can I write in this one paragraph here that will resonate with Andrew or have him understand it? And I think a lot of this is like that sort of simple passive cashflow.

The simple part came in. There’s all this noise out there. There’s so much stuff out there. And the truth is. What the wealthy do is very simple. . But the trouble is like getting rid of all this noise for Andrew to understand, all right, what does he do next? Because this is all new to him. And there’s a lot of noise out there. There’s all these lawyers selling this entity, that entity, there’s all these CPAs selling to the strategy of that strategy. You’re infinite banking. This that, that, what is the path? What is the order to implement these strategies? ? What is the simple prescription?

So it gives you clarity at the end of the day, isn’t it, as that’s the word that’s coming through for me there, it’s just, it makes your life a lot easier when you know, what is he doing? . People are strung out. They’re working their butts off, especially with people in my group.

. They’re high paid professionals, high responsibility. They just want to be told what to do for some of the stuff, . Just like when I go into the CrossFit gym, I want to just turn off my brain. I’m just like, tell me what to do. I am running a hundred miles an hour all day at my business. And I’m sure everybody feels the same way at the professional occupations.

Just tell me what to do. . I will listen and I’ll drive a hundred miles per hour, but just tell me what direction to do. And then the hard thing is in this financial world, it’s there’s a lot of, , Bad habits that we’ve been taught by our parents by society. And the real secret sauce is implementing this stuff, right?

So take one thing. If in a banking using whole life insurance, and I think we’ve all heard what how bad whole life insurance is for you, not the case. If you tweak it a certain way, the way the wealthy do it, but also implemented at the right point in your timeline, in your journey.

It has a huge component of a wealth building strategy for the high net worth. But we’ve been all brainwashed by all these, like generalities, right? About sorts of things.

And it’s ironic, isn’t it? That you say that those people in the corporate world are absolutely best placed to. Leverage things up and make the best use of these skills. They just don’t know them. But it is ironic, but then it is not because if everybody did what I said to do by a handful of rentals, get out of these feed later and products invest tax advantage ways. Most people are able to leave the rat race in five to 10 years. Would get our coffee, right? Who would build our bridges with design, the bridges who would push the government paper, who would do surgeries, who would clean our teeth?

Society would likely crumble. Like we have this happen, ? Not everybody can be financially free.

Who should be there. Those who are worthy, that are going to hopefully take the information and do something greater with it. But I don’t know. Maybe it’s just, this is a political statement, but I honestly don’t think that you take a hundred people turn on financially free. I’d say a majority would probably just go and travel abroad to take Instagram pictures of their food that they’re eating.

. But maybe that’s small minority that do get financially through. We’ll find that residents frequency, that they end that their highest and best use that their God-given talent that they’re put on earth to do. And they would make a bigger impact than the other 95% of the people that were financially free.

That’s just me being optimistic. I think it’s a fair reflection on the variety of humankind. Isn’t it? And know that’s the truth of it. Isn’t it. And being fairly flippant in that question, but it’s true. There’s that moralistic element of when we push things in a certain direction, whatever everybody works to do that, but the truth is you got, as you say that just never going to happen because we’ve got a wide variety of, yeah.

They do this in China, right? That’s effective, but communism is right. They give everybody that bare minimum. . They don’t have to really work for it. But what do people typically do they just watch Netflix to chill, right? Yeah. In a theory, it works, but in real life, I think from my point of view, it doesn’t work.

Yeah. And that small 1% or whatever you said, the way they’re actually, then you’re leveraging that freedom or financial freedoms really use their gifts for the betterment of mankind. Do you get to see that with some people you get to work with people in that space? Yeah, , we have a higher level mastermind.

We call it the family office, Ohana the goal of that is to get people from $1 million over $10 million net worth. And that’s the first threshold is getting people that four and a half million dollar Mark. That is a Mark that a lot of people in our world we talk about, right? Because at that 0.4, $5 million net worth, you’re able to pass down a substantial amount of money to your kids.

And they can really try hard to screw it up. And it’s really hard for them to do that. . A million dollars, $2 million is nothing today, ? That’ll be gone in a generation easily. In fact, I think the statistics are like 90% of money is lost in two to three generations. Garren’s it’s gone, but if you can get up to that four and a half million dollar Mark you’re set and something happens along that way.

There’s a phenomenon of like, when you get on an airplane, they always say if there’s any problems, put your own oxygen mask on first, then help out your kid. . Same thing here. There’s a point where people are trying to put on their own oxygen mask, which makes sense. It’s not selfish. ? Some people call this the scarcity mentality.

And I don’t really call it like the say you’re selfish. . But yeah, you get yourself to a good place. First. He stayed first. I think that’s what I call that is getting yourself to four or $5 million net worth. After that point, you hopefully your mindsets. you’re in a good place in your mindset starts to you.

Have you start your transition from scarcity to abundance mindset. When you start to look around and send the elevator back down for others, help out others, figure out what is your highest and best use and kind of help the world. Make a world a little bit better place in your unique calendar, where not everybody who I get from 4 million and go up.

Take that next step to make a platform and create better good in the world. It’s a minority, but if they never ever put their oxygen masks on in the first place, they would have never done it after that. And it’s the old phrases that gets misrepresented is the it’s better to give than receive.

And it’s the people interpreting correctly. And I think it was Francis of Assisi that actually comes from, and the original quote is actually what you’ve just said. It’s better to be in a position to be able to give. Then it’d be in a position where you have to receive. So as exactly that, get yourself up to a point where you are then able to.

Help other people out. Exactly. Money is not everything, but it sure makes life, a lot easier. And it gives you options and money is also a magnifier, right? If you’re a good person, it makes you better. If you’re selfish and only things for yourself. And we’ll you’ll turn into that more.

So it magnifies who you are. I’m interested in that point. Cause it says something here. Have you seen that? In reality, is that something you’ve witnessed? A lot of people come into my group are very frugal, right? They’re first generation immigrants. . A lot of them are Asian.

They’re cheap. They’re super cheap. . And that’s good. I think when you’re starting out . That immigrant mentality, . You’re not spending money on stupid things and that’s how you grow that initial capital to invest. But at some certain threshold that really holds you back and it holds you back in terms of building relationship with other key partnerships, and maybe you’re not doing business each other, what you’re getting trading knowledge.

. And that scarcity really holds people back is what I see. And , it shows up in very small ways, but I think people inherently, , they know you know what I’m talking about when You just feel it right when somebody is like that, when they’re more, that scarcity mentality, they’re just a little cheap or, they’re just not free they’re not a magnetic personality, for the guy who’s just fun, love and buy drinks at the bar for everybody. And not saying you have to buy drinks at the bar for everybody. But metaphorically right in that setting, that’s what that person will be doing in other non-alcoholic situations.

Yeah. Yeah. Or some people were energy they help out other people and it’s free. It’s free flowing and there’s other people where energy stops with them. And they think about themselves only, right? Yeah. You’ve got a podcast, you’ve got a platform.

You wouldn’t be doing it unless you feel like the world is energy flows with us. But there’s a lot of people listening right now better. I’m not saying that you’re bad people out there. But maybe think about people in your network. There are people out there that the energy kind of stumps,

they just think about themselves and not saying that they’re bad people, but what I’m saying is like maybe we have to get their oxygen mask on first. We have to make them feel comfortable, get them in financially abundant thinking so that they do feel safe to them bust out and then become more free giving abundant mindset.

It’s not that they’re bad people, but the situation, the environment has created that type of personality. I think the key thing that you said there is in there is that, whatever mindset anybody has, it has a value for the right context. So that frugality, you said it was the really useful right.

To start off with at the beginning, but then the context shifts or moves. So it’s really common at all levels of. Entrepreneurs, whatever it is that the mindset that has got somebody to a certain point is then the mindset that hold them back from getting to the next level. There’s a whole book on it by Marshall Goldsmith.

Actually. What got you here? When, what got you here, won’t get you there. And so the mindset has to keep continually shifting to move forward, right? It’s moving from starting strategy to mid game strategy and maybe end game strategy. First-generation most of the people in our community are first-generation wealth.

We weren’t born with a million dollars. Her parents didn’t have money. . So we come into this with a lot of baggage, . This frugality mindset. And that’s great, right? Because, we save our money, we grow our net worth and we become first-generation wealth. And how I define that is the first generation to hit.

I don’t know, some arbitrary number, like a million dollars net worth. . That’s pretty decent. , but how do you take her from a million dollars to $10 million? Whether it needs to be a transformation, going through that next stage of becoming and how do you groom generation G2 G2 wealth. That’s the next stage?

And what do you do for your own mindset? How do you keep expanding your head space? I’m a conscious of this. I’m aware of this. I don’t have everything. I’ll figure it out. . But what I do know is magical things happen when you have. People are like-minded that are similar on the path as you, around you in close vicinity.

And that’s what a mastermind group does and for anybody everyone’s slightly different level or different perspectives, so everyone brings their own dynamic and no, one’s exactly the same blueprint. So it’s not like you’re just regurgitating the same stuff.

There’s always a new spark coming off from somewhere. But the problem is at least, filling the room up with people who are broke. And I consider broke under a million dollars. Yeah. You might make six figures, but you’re broke. If your net worth is not well above a million dollars, you’re still trading time for money.

And there’s a difference between people who trade time for money and people who have their money working harder, making more money for them. . Metaphorically. That difference that person has their oxygen mask on and the other person is comfortable enough to take it off and not give the oxygen mask to others.

. But the trouble is well, how do you find people like this? Because high achievers. They have reached this scale on their own, not by being a trust fund kid. They’re hard to find and . They don’t wear different clothes. They don’t have different color hair. ? Yeah. They may tend to hang out in different places, but it’s very difficult to determine those people who are up to the stage and just happen to finance a nice house or a finance, a nice car, buy everything on debt.

. And these are some of the, the more soft topics that we discussed in our mastermind within closed doors, it’s safe environment. And I think I would encourage everybody out there to find your little group of like-minded people that are also thinking about this stuff, because the informal groups with cliff and Larry at the office, got it all wrong.

Those aren’t going to help. That’s just going to hold you back. Your network is your network. As we say. Perfect. Before we wrap up, is there any final thing you’d like to any key message you want to get across over and above what you’ve already said? Obviously the key things coming through nice and clear that you got to get your money to work for you and get the mindset of shifting away from what had been the old traditional ways of thinking and start thinking about how to make it work properly.

Yes. Surround yourself with the right people and start educating, right? Depending where you are in the journey, it might just be buying your first rental property. If you’re under a half, a million dollars net worth. That’s how I started.

And it just takes a while. It is not a get rich quick thing. I bought my first rental property when I had no net worth. Just out of college at 2009, it took me damn near six, seven years to get up to 11 rentals properties. And did you say that, that main line there of, getting yourself in a good position, all that does is enable you to help more people if that’s what’s important to you. So it’s not about in and of itself earning the money.

It, that enables you to do other things from there, isn’t it. And if helping other people, it doesn’t come naturally to you. That’s cool. You’re not a horrible person. I wasn’t like that. I was just pretty selfish and just thinking about myself, , So it says nothing.

We don’t want to shame anybody because we’ve got different needs. So when we first start out, then actually, we’ve gotta be looking after itself, but when you get to that position, your view shifted because you got to the point where you realize actually. The reason I start out in the first place I’ve done that.

I’ve achieved it and now I need something else. There’s something else that needs to come from it. And then you’ve turned it into a way that yeah, you’re still benefiting out for a minute. I’m not knowing no one’s saying that’s not happening, but ultimately it’s a drive to educate more people and get other people to come up and as we go through our own journey, these hour, Requirements shift and change and what becomes important to us?

Yeah. The one theme is I think you got to figure out what is your highest and best use to help other people? I think that’s a pretty consistent theme. Once you get to certain levels of the question is what it is, right? Like for me, it’s finances, money investing. Other people might, might be a gym trainer, they enjoy doing that. That’s their God-given talent. Other people might just be, you’re really good doing a knee surgery I’m cool. . Whatever you want to do, find some way to connect it, to helping people in their darkest of days.

I think that’s where a lot of people find true fulfillment. Yeah. Yeah. And so final question, which I ask everybody on these podcasts and you’re no exception you don’t get away from it. It touches on that lane. What is it that makes your bits Dingle? , I just see a lot of hardworking people out there.

Kind of doing it the wrong way. They’re driving around in the Ferrari with the pen brake on they’re doing all these things that kinda just hold them back buying a house to live in before their net worth hits a million dollars . I don’t really agree with that. Investing in retail type of products, , in non tax advantage things,

there’s just a lot of people pay a lot of taxes and they don’t really need to legally, what if they just educated itself a little bit, ? You don’t need to be spend all your time doing this stuff to relearn things. There’s a lot of people that have forged the path and found the simple, passive cashflow way.

Excellent. Thank you lane. So if people need to find out more, your website’s simple, passive cashflow.com has huge amount of information on there. Brilliant.

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