Podcast #44 – #LaneHack – Automate your meeting scheduling

Assistant.to handles scheduling one-on-one meetings directly from your Gmail and Google Calendar. Select the days and times you’re available and then share those slots with your contacts. The app continuously monitors your schedule to eliminate double bookings and time zone mistakes. Invitees can select their desired meeting time simply by clicking in the email, and the event will sync with their calendars on Outlook, Google, Lotus Notes and more. No need for recipients to open a website or create an account. Integrates with GoToMeeting, Cisco WebEx and more. Comes as an extension for Chrome users. Free.* 

Calendly integrates with Google, Outlook, iCloud and Office 365 to create a personalized email or embedded URL where contacts can select and schedule appointments based on your customizable availability and time limits. Helps eliminate double bookings and time zone issues. Free for a basic package. Premium plans start at $8 per month per user.* 

Rallly helps you collaborate with others by creating a simple event URL page to share with friends, clients or coworkers. Attendees can discuss the agenda as well as vote on the best time for a meeting. Works great for bigger groups, masterminds, book clubs or even social gatherings. Free.* 

YouCanBook.Me connects to your Google, Microsoft or iCloud calendar and shares your pre-selected meeting times and durations with your customers and contacts via website, Facebook or email. Customizable branding, confirmations, reminders, and follow-ups for you and your customers help reduce no-shows. Free for basic plan. $10 per month per calendar without branding.

Make scheduling headaches a thing of the past with one of these amazing apps. 
#LaneHack #JustTheTip

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SimplePassiveCashflow is proudly sponsored by www.investinahp.com

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.

https://calendly.com/simplepassivecashflow/20

Podcast #43 – Fundamentals – Why you should not quit your day W2 job

Because of my podcast, I have a space to book appointments. (BTW use Calanderly app which puts a link on your signature line)

About every other day I talk with a new person who is on the verge or able to leave the rat race. We talk about how much passive income is required some it’s 3000 to travel around Asia and some with families it’s 8000.

I want to highlight that the natural inclination is to leave your job. As for us, all high achievers know what is easy and the beaten path should be questioned. You should stay at your job and keep doing this as a side gig… People always want to jump into entrepreneurship And it’s really not a good idea or even needed.

When we mean entrepreneurship… I mean not dip your toes in but going all in. Like Gary V sleep 4 hours, Grant Cardone x10 stop being a bitch, Burn the boats all in. A lot of motivational gurus will tell you to dream big, commit and go all it – buy that fancy car now so you set that bar high and force yourself to achieve it. They don’t know your situation and often times these gurus are outliers and often they themselves did not follow the same advice.

Don’t buy into survivorship bias. For every entrepreneur who goes all-in and even does it as a side gig only the minority succeeds. To focus only on those successes is a logical fallacy. Despite a superior product and optimal skill set so many things can still go wrong.

You are not going to give your business what it NEEDS when you are worried about putting food on the table and paying rent. This frenzied survival causes two things: First, you are less creative in this survival mode. Outsource yourself as much as possible first. Hire the help first or you will be drowning in manuchia. You will not be leveraging your time or your skills. This will require you to create lean and efficient systems which is what building a business is all about at its core.

As Robert Kiyosaki differentiates in his book “Cashflow Quadrant” an entrepreneur builds a system that they can be removed and scaled where as an entrepreneur who does not build a system is just a glorified self-employee. The second when you are in this survival mode you are taking unneeded risks and making mistakes such as forcing the wrong deal or giving up excessive equity for taking on VC capital.

As a side note a big part of a business is negotiation and in negotiation, the biggest component is the ability to walk away.

Not having a job and supplemental income source or cash buffer torpedoes your pillar to negotiate. You are effectively the Emperor with no clothes and everyone you deal with and your customers know it. Just as ask any women… they can smell desperation in a potential suitor. You should only quit your job once you can scale. And YOU should be the last part of the business that can’t scale because you have a job and business needs more of you to scale. You have to be the bottleneck. Don’t dilute yourself into thinking you are the bottleneck because you just want to quit your job because it is a badge of honor when it comes to running a business or quitting your job. A lot of entrepreneurs just want to quit their job because they just want to tell all their friends and family they the told the Man to F off, they don’t want a boss, and they have escaped the 9-5 rat race.

It’s cool to be like I’m all-in, I don’t have a JOB. That is an ego thing and we need to be conscious when our ego is leading and not logic.

I spent a decade working my way up through junior level jobs, being a first level supervisor, and managing professional and learned a lot of how a mature business works and interpersonal. I wish I would have had this mindset earlier but I realized recently that working for someone else is a privilege to try things out (FSU) on someone else’s dime. You don’t want to be trying some new marketing scheme or leadership technique the first time when you get your one shot to swing the bat. It is not the time to be “finding your management style” when you step up to the batter’s box with your own capital at risk.

Here a joke… when at your day job rub off the labels of the letters on the keyboard to use work as a time to master no look typing. Or just try something different because it might work for you in large ventures… you own ventures. In conclusion, ask yourself why am I wanting to leave? Is it because of ego or necessary? And have I acquired both the skills, proof of concept, and starting capital to create this “runway” for my business to thrive.

Here are some tips to just get by when your heart isin’t in it but you have to put food on the table.

 

Podcast #42 – Interview – Keith Weinhold of Get Rich Education – Be an Investor not a Landlord

URL/Contact:  GetRichEducation.com and Get Rich Education podcast

Began by buying an Anchorage, Alaska four-plex building, and grew nationally and internationally from there.

Founder of GetRichEducation.com  Host of Get Rich Education podcast

Active Contributing Writer at Rich Dad Advisors blog

Get Rich Education guests interviewed include Robert Kiyosaki, Harry Dent, T. Harv Eker

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

(You don’t need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, Make 25% of my expenses, over $10k, although people like when people open up the kimono.) Covers all expenses for an above-average home, lifestyle full of meaning, giving, time for exercise & travel.

 

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. Many. Quitting self-property management, launching GRE, Real Estate Guys 2012 Dallas Field Trip.

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)?  Internal.

 

3) Worst life/business moment what did you do after? Lesson learned? Self-management – don’t know how to fix anything, renting to girls just because they were attractive. Lesson learned – hired pro management

 

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. Not sure I understand, but Keith wants his articles published in Forbes, Fortune magazines.

 

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. Income

 

6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quantity of life. Using “Leverage VAs” at $50 an hour. Climbing & summitting North America’s highest mountain – Denali, Alaska.

 

Your best highest use is most time not being a landlord and being an investor
No one is going to take better care of you properties but its not worth doing yourself
Going from a Quadplex to financial freedom
Don’t be geographically limited – invest where the numbers make sense
A frame work to investing
Value your time… the most important thing. How are your going to do something world changing while you are trying to maintain your job security

Podcast #41 – Fundamentals – Mindset w/ Casey Stanton – Peer Groups, Conations, Functional Teams

Casey is an Outsourced Chief Marketing Officer and his team is available to help organizations that have reached a ceiling of complexity and need marketing and tech implementation to break free. The Tech Guys Who Get Marketing team is the company the “big guys” use when it comes to building complex technology as well as sophisticated marketing engines. Check them out at http://www.techguyswhogetmarketing.com, or check Casey’s Outsourced Chief Marketing and Chief Technology Officer Consultancy out, the Engaged Officers, at http://www.engagedofficers.com. Casey can be found at http://www.caseystanton.com and on Facebook at http://www.facebook.com/caseystanton where he talks about his approach to business called Functional Marketing™.

Topics we talked about:
How he decided to not go down the W2 road
Four Hour Work Week take aways – time is more important!
Conation – natural behavior of how you approach the world – don’t be too analytical
How to tell if your marketing is dysfunctional – Tracking is everything!
Are you a learner, maximizer, analyzer?
http://kolbe.com/
Your peer group can be the end of you – mute the right people on social media
Focus on your escape velocity
Email me [email protected] for a free Burnzone book if you are interested in the AHP fund
Design you life if you could do anything – what is your creative passion
Futurist ideas on jobs
Put yourself in the best situation based on your skills – Functional Teams – This is a concept I’ve put together that helps entrepreneurs pull together teams to support themselves or buttress their weaknesses. The first key piece of this is understanding ones conation. I am really passionate about people understanding their conation (natural behavior, ever since they were a child). There are a few assessments people can take to help them self-identify. By knowing your conation, you can set yourself up for success more effectively. These strategies come from the Wunderlick Test’s creator’s daughter Kathy Kolbe and management king Peter Drucker.
The happiest people out there teachers have to grade papers or edit podcasts
How to build Functional Teams in order to get more done and have more fun

Once you have gone through the majority of podcasts feel free to sign up for a chat! And be let into the Secret Hui Facebook Page.
https://calendly.com/simplepassivecashflow/20

SPC038 – Fundamentals – Insurance w Ed Babtkis – Deductibles, actual cash value vs replacement cost, and much more

 

1)   Why are some policies more expensive than others?

Coverage, deductible, location

2)   What is the difference between actual cash value and replacement cost coverage

Actual cash value will depreciate the claim depending on how old the house is, replacement cost will pay up to policy limits if you rebuild

3)   Why should I care about liability coverage

Many investors will be wiped out if sued if there is a major occurrence on their property

4)   How is coverage amount determined

Many providers have their coverage methodology determined by software that takes into account labor rate and material cost per zipcode and its usually too high. Since premiums are computed based on coverage amount this can be a critical pricing component

5)   Brief discussion on flood insurance

Lender required if in flood zone, if cash purchase owner should at least know if property is in a flood zone or not

6) Shared blanket programs vs Individual policy for each property

Most of the programs offered outside of a couple are shared blanket programs meaning you are an Additional insured vs the “Named Insured”. This means less rights when a claim occurs, kind of like giving someone a power of attorney to negotiate and received an insurance settlement on your behalf