Podcast #99 – #LaneHack – Pessimist 2×2 Matrix, Hacking Airport Baggage

Here are the Show Notes…. But first please leave me a review: http://getpodcast.reviews/id/1118795347

Go to this link to grab the Action Board worksheet guild. If you are already an email subscriber the link will automatically get sent out to you with all the post that never make it to podcast.

https://drive.google.com/open?id=1ZGa-E0kNgWSfsABozVaMe8fl11tNEoMQ

Optimist/Pessimist 2×2 Matrix – (My friend and his IPA Beer engineered the following idea…)

Good Outcome Bad Outcome
Optimist + +
Pessimist – –

Psychology Today, the average person has 50,000 thoughts a day.

The Rich Are Optimists – 67% of (Tom Corley study) the self-made millionaires in my study forged the habit of being positive and upbeat. A positive, mental outlook is critical to overcoming problems, obstacles, pitfalls, mistakes and failures. Staying positive is a critical component to becoming wealthy. Positivity is like a radar in search of solutions to intractable problems. Thus, positive thinkers are able to see opportunities, where others see only negative consequences.

The Poor Are Pessimists – 70% of the thoughts of the average person are negative (Psychology Today). Negative thinkers are unable to see solutions to problems. Thus, they are unable to overcome obstacles, pitfalls, their mistakes and their failures. Opportunities pass them by because they are not looking for opportunities. They are too focused on the negative consequences.

The Rich Are Decision-Makers – 91% of the rich in my study were decision-makers. Forging the habit of making decisions is critical to success. Those who develop the habit of making decisions are sought after as leaders, by others. Decision-makers have forged the habit of overcoming the fear of making decisions along with the paralysis of analysis associated with those unable to make decisions. The rich do not over think, which is a form of procrastination. It is impossible to know everything you need to know before making a decision. The rich forge the habit of being comfortable being uncomfortable about making decisions.

The Poor Let Others Make Decisions – 98% of the poor in my study were not decision-makers. They succumb to the fear of making a decision. They get lost in analysis and over thinking, which is a form of procrastination. The poor feel uncomfortable about making decisions, so they defer to others.

Don’t examine the roots just eat the fruit!

https://mymorningroutine.com/

Hacking Baggage at the Airport:
Getting your checked baggage off first before everyone else
1) Gate checked because luggage is queued on a First on last out order (FOLO) similar to an elevator. Downside you will have to lug your luggage through security.
2) Have them mark it as fragile

Also you don’t have to pay to gate check a bag, just be nice and ask the counter at the gate.

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

Fill out this intake form and Email [email protected]

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 #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

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Get out, Get up, and Get Some!

WIth over 400 calls over the past 18 months with investors like yourself, I am amazed how many people get excited about real estate investing and financial freedom but don’t follow through with the action of dipping their toes into Private Money Lending or a Turnkey Rental. Sign up for a call… all I ask is to listen to the first foundation podcasts and please leave a review: itunes.apple.com/us/podcast/simplepassivecashflow.com/id111879534

Everything that you need is here on this website and online (But take it with a grain of salt). You can join my private HUI group for the peer investor group. Heck, I can even hold your hand to drive you toward success in six months or less.

What I have noticed is that when people have good lives and good income at their W2 job… Good is the Enemy of Great!

The second question I ask in every podcast Interview is the Han Solo question. That set of circumstances where life took a pivot and that was the trigger for change. That pressure or conflict builds up either inside them or inspired by an external event.

Unhappiness spurs individuals to improve the condition of their circumstance to find happiness. Unhappiness drives us to make necessary changes in our lives. Are you content or truly happy?

I have done an exercise to write down… “I would be happy when I have…” every six months and my conclusion is that “it” always changes – therefore it is the journey and the constant driving toward something bigger that is what truly makes us happy. Chris Rush’s podcast in September 2017 mentions this concept of always having that next goal.

As a species, we are naturally built to evolve (Darwinism). This prevents humans from becoming too complacent with their happy lives so that they will continue to do things to improve their lives in an effort to chase happiness. No matter what awesome things happen in our lives that make us happy, we always revert back to our happiness baseline. Just reflect back on the last time you had a mini windfall or lucked out? How quickly did it fade?

If we were not programmed like this how else would the world economy work?

If you’re unhappy with your life, get out your notepad or your favorite electronic device and start identifying what goals! Be attuned to your signals and don’t call it greed. Try to align it to a higher calling to benefit others.

And for those who are always making small strides to find that next deal with no success… just remember and think how you are just three feet from gold!

Please share with your friends via email!

Using Life Insurance to be your own bank

This page has been updated here.

Video: Using Life Insurance to be your own bank

Find more videos in the video section. And please share the podcast by emailing it (I know you guys don’t want to share on social media because you are scared of others knowing that you are going to quit your job. I just want to get the word out that there is something other than the stock market!

The inspiration behind this:

I got really upset the other day. A friend of mine was talking to a so called financial planner and was getting sold Whole Life Insurance. To set the stage, the subject client did not have investments or much cashflow. Why the heck was Whole Life Insurance was being prescribed?!? Oh because Whole Life has some fat commissions and the ding-dong financial planner does not know enough to get themself out the rat-race.

I have been doing a lot of thinking lately… about what I really want to do with myself. One realization I have discovered is when something gets you so upset or passionate (like a financial planner screwing regular people… people who don’t have the cashflow or liquidity and being sold on the BS line of “conservative investing”) you have found a higher calling.

My rant is now over… As we covered very briefly on this past podcast. We are not talking about buying these types of policies for “insurance” or death payout, we are doing it for liquidity (to invest) and shield assets from creditors or lawsuits. I spoke to a couple other life insurance guys (smart guys) but they don’t get this either. They just tried to sell EIULs which do have higher yields but don’t have the liquidity component we are looking for so we can take out a loan from ourselves to invest and make a spread on the difference.

SPC065 – #LaneHack – Resonance Frequency & 10 ways to appear engaged at your day job

Happy Independence Day!
It is currently my 10 year anniversary of working and being a productive adult in the workforce
Somewhere along the way I found my way into this real estate investing and dedicated my efforts to building passive streams of income to do what I want, where I want, with who I want
Anti Rich Dad Poor Dad will call us undisciplined and with poor work ethic
I have collected the data points of over a hundred calls with investors and have found that it is rare that someone is able to align what they are good at and what they are passionate about
If you like what you do (I mean Saturday morning like what you do) consider yourself lucky
I use the analogy of a sonicare toothbrush and resonance frequency

10 ways to appear engaged at your day job with you are building passive streams of income
1) walk fast and move around frantically – general work areas
2) don’t tell people where your are going on vacation (ie going to Dallas to look at apartments)
3) don’t take calls in your car where people can see you
4) don’t drive a fancy car to work
5) attempt to look like your bring a brown bag to work… Say something like you are being healthy
6) invest in a small compact laptop to analyze deals and emails & Google Drive!
7) use calendar scheduler and VAs to schedule your calls around your work
8) when asked why you are not investing in the company sponsored 401k just say you are a government conspiracy folk… It will be easier to understand
9) just nod and say yes!
10) when you purposely keep your workspace cluttered so you look busy and appear indispensable
(Just for fun!)

And btw keep the day job as long as you can. SimplePassiveCashflow.com/quit

Podcast#60 – #LaneHack – Lease Don’t Buy, Push money into the future and invest

 

Link to Apple financing
-Invest and use your money to grow 15-20%.
-This lease vs buy analysis guide describes various aspects of the lease/buy decision.
-Cash flow: Leasing often has a lower monthly payment compared to financing with the same loan terms, since with a lease you’re paying for the depreciation during those years rather than the whole cost. If you need access to more cash every month, leasing may be more favorable.