Money is part of life, but living life to the fullest is part of being alive! Charities and other funding initiatives included.

entrepreneurial finance

Real World Strategies in Entrepreneurial Finance

This past week I had another chance to go to a business accelerator event here in Indy. This one was hosted by Techstars, who helps sports based businesses with entrepreneurial finance here in Indiana.

As I was listening to the pitches by various companies, (some I’m sure you’ll be hearing about soon in your everyday life!) I started thinking about how some of them had seen such great success in fairly quick periods of time.

Not only were there founders from these various companies in the room, but they were joined by representatives from sports partners from around the city. This included the Pacers, the Colts, Indiana Sports Corp, the Indianapolis Motor Speedway and others.

Soon I started thinking about a common connection of the talent I saw in the room. The success here was different than you hear about from the online entrepreneurial world.

The companies in the room were talking about sustainable growth and building opportunity and jobs in the community. Online, you hear more about “earn $5k in your first month doing…”.

In short, it’s looking at long term decisions yielding true wealth vs short term hustle.

And, really, I think successful online entrepreneurs are doing their followers and students a disservice. On top of how to create income online, they should also teach them how to leverage the funds they already have to keep growing!

The Hustle Approach to Finances

When we think of online business, many of us think of 24/7 hustle. We think if you’re not working, than you’re limiting yourself. Why hang out with friends and family when you should be out there making content or the next deal? It’s only when you’ve been successful doing these things that you’ll have your Ferrari and nice high-rise apartment. 

So go out and get it done!

Well, for one, that mentality doesn’t necessarily apply to everyone in business. There’s people who aren’t the best hustlers, but they’re great at making the hustlers around them more efficient.

And, two, this thought process suggests that you can always outearn any financial issues that you’re having. If you just bring in more income, you’ll be richer.

That isn’t necessarily the case.

In fact, I’d say that more often than not, when people earn more, they’ll spend more. And if your goal is to be wealthy in all aspects of your life, this method isn’t going to get you too far.

That said, there’s other bad financial decisions a business owner can make. So let’s take a look at those before we start improving our decision making.

Bad Entrepreneurial Financial Habits

When it comes to where people go wrong with their finances, there’s a few that are pretty widespread. Here’s a few examples:

No Personal Organization

I can’t tell you how many times I’ve met first time entrepreneurs who don’t know anything about keeping records of their business. They don’t have a system for receipts, they don’t have a business banking account, and really, they’re not sure what their actual profit is.

No Tax Strategy

So, of course, because they’re not actively keeping track of their expenses and profit, there’s really no existence of accounting. So, everything gets cramped up to the last 2 or 3 weeks before the yearly tax deadline. And really, that makes things so much more stressful than it needs to be.

Money Is Earned to Spend

On the podcast, one of the questions I occasionally ask the rapid fire question segment is “What is something that all high school students must know?”. Often, the response is something to do with the management of finances.

We live in a world where we’ve grown up with media telling us to “Buy New, Buy Now”. Consumerism is king. If you don’t actively participate, you’re not part of the “in crowd”. So without financial education in schools, thinking that you have to keep up with the Kardashians is pretty prevalent.

As I’ve found out, wealthy people and successful entrepreneurs know how to create cash flow, but they also know how to manage their finances.

Changing Your Financial Paradigm

If any of the above sound like habits that you use in your business and life, it might be time to make a few tweaks.

Here are a few basic concepts I’ve learned about managing wealth.

Think of Money as Water

When I think about money, I look at it as a resource. In fact, I look at it like I would water in a post-apocalyptic world like you’d find in The 100 or Mad Max.

In that type of environment, water is more than just water. It’s a commodity. And because water is vital to life, clean water is going to be in short supply. Just like money is today for so many people.

If we had a way of providing clean drinking water in that world, we’d have the potential to be on the top of society.

Same thing is true with your business and its ability to make more money at will.

With that type of mindset, I think it’s easier to get a grasp on how money should be used. Here’s a couple of habits you can practice to be more successful in this arena.

Keep Track of It

If we’re looking at money as a resource that we have to be smart with we need to have metrics on where we’re at any specific time. In our analogy, we need to know how much is going out to the market. We also need to know if anyone is stealing any.

So with that in mind, it’s important that we get used to regularly checking our bank account. On top of that, we need to keep track of income and expenditures. 

Get used to asking yourself and tracking:

  • How much do we plan to make versus how much we actually did. 
  • How much do we predict to spend versus how much we actually did.

Cut things out when necessary.

Build Up a Reserve

If you’re the person in charge of delivering clean water to a community in this new world, you might want to consider something.

What if there’s a problem in getting the water? What if the rain doesn’t fall or the wells don’t work? How long does it take for you and the leaders of the community to start growing concerned?

If your business functions on the funds that you get directly from income, then you might have a potentially huge problem. Be prepared and build at least a month’s reserve of cash for emergencies. Or even better, perhaps 90 days or more. The bigger the reserve, the more insurance you give yourself to be able to dig yourself out of a bad situation.

However, just like water that sits in a reservoir or lake, if money isn’t moving, it’s not doing you any good. Naturally, if water is stagnant, then it tends to go bad. A great example of this is the Salton Sea in California. However, if there’s inflow and outflow of water such as a river, then the water is useful for sustaining life.

Same thing for money. If money is stagnate, then we tend to get overprotective of that money. Being frugal and smart with money is one thing. Being a miser and potentially those around you miserable, is another. You don’t want to be a Scrooge from a Christmas Carol.

Leverage Your Position

As this successful water provider, you’re doing your job well when everyone is getting an adequate supply. If people feel like this isn’t a problem, then it’s one less stresser in their life. Heck, the more they have, the less they think about it.

What if your community has such a huge reservoir of water that you can start using it to trade with other communities who might not be so lucky?

At that point, you’re leveraging your position with the excess of your resource to get things in return. Sure, you might not have as much water left over in your reserve, but you are gaining things in exchange for it. Which those might be more valuable in your own community than water.

In our business, it’s a bit more simple. The more money we have in reserve, the more options we have. We need to know the difference between liabilities (fancy cars, eating out, partying, etc.) vs assets (using better tools, hiring a team, etc) when it comes to making more money. The more assets you have, the greater potential we have for generating more income.

Action Steps

So, to help you make this transition, I have a few recommendations for you to start getting better at finance. 

The first thing I’d recommend is read or listen to Rich Dad, Poor Dad. And really think about anything that the author Robert Kiyosaki has to say. He has a good enough track record that students at Purdue’s entrepreneurship department used his info in creating their own businesses when I was there.

Next, I’d recommend getting a business bank account. Keep business money separate from your personal money.

Also, I’d develop something (maybe even a spreadsheet) to monitor your cash flow. Again, how much are you forecasting yourself to earn? How much did you earn in comparison? Same thing with expenditures? Where can you cut out if necessary? This information is great to have if you ever hire an accountant to help.

Finally, I’d look into subscribing to Quickbooks and anything else that might make your accounting easier. If you don’t have a business credit card that you put all your expenditures on (which I highly recommend) then you’ll need to manually keep track of receipts. You can do it as you go with Quickbooks, but if you like waiting to the end of the month, you can use a service like Shoeboxed to do it all for you.

smart real estate

Chris Prefontaine – Smart Real Estate Investing: How It’s Possible to Build a Rental Property Business without Banks or Your Money (AoL 155)

If you’ve ever read the book Rich Dad, Poor Dad, you probably know that the author, Robert Kiyosaki gained his wealth in Real Estate Investing (REI). Since the release and rise of popularity of the book, there’s been all kinds of methods revealed to the general public about how to make passive income.

There are two passive income quadrants: Investing (I) and Business (B).

When it comes to passive income, we’re usually thinking of the B quadrant.

For example, most of us are familiar with the thought leader approach. They create content, develop a tribe, and provide services or products to that tribe to help them achieve more. The larger the tribe, the more potential one has of making a good income.

Yet others might be more familiar with drop shipping through eBay or Amazon. Pretty much the same idea, but instead of developing your own tribe, you sell to the customers on those sites. Because of that, you have to share a percentage of what you earn with the company.

A hybrid of both of these is using Facebook ads to get your name out there to Facebook users so that they can convert in your sales funnel.

As for the I quadrant, it tends to stay off limits to most people who are seeking passive income.

Mainly because most people think that to work in that quadrant, we have to have money available to invest.

Truth is, that’s not necessarily the case.

In fact, today’s guest, Chris Prefontaine, has one of the coolest systems I’ve seen to help people develop wealth in the I quadrant.

In this session of the AoL Podcast, Veronica and I learn how it’s indeed possible to build a passive income portfolio without using money from banks or our own pocket.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What did Chris learn from being around his dad’s business growing up? 9:06
  • What are some of the benefits in having a family owned business? 10:17
  • How does Chris enable those in his business to succeed? 11:30
  • What’s his perspective on helping charities with a new business? 12:44
  • How was getting started in Real Estate Investing (REI) different than it is today? 15:01
  • What are some strategies he recommends for people just entering the market or already have holdings and don’t know what to do next? 20:31
  • Is there a way to prep oneself for another recession? 22:37
  • What does it means to buy and sell on terms? 23:58
  • What’s Chris’ advice when it comes to working with agents as an Real Estate Investor? 30:49
  • Is there ever a good time to get into commercial real estate investing? 32:00
  • What’s the day to day operation look like when you have to hang onto an investment property for years? 34:03
  • Is there a good way in keeping up with all the laws, ordinances, and taxes? 35:32
  • What’s Chris looking forward to in the not too distant future? 37:21
  • What podcasts have influenced or inspired his own podcast? 38:33
  • What’s a book, film, and song he’d add to the national curriculum? 39:45
  • Is there something he’s learning about right now that he’s looking forward to implementing? 40:49
  • What’s one thing every high school student must know? 41:32
  • How can someone be a difference maker in their community? 41:51

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

What does it take to Crush It in REI?:

How to Communicate with Buyers

Deal Structure Sunday: Part of the SREC Origin Story

SREC Podcast Episode 103 with Mike Makredes


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

breaking into wall street

Relationships Are Everything – From Breaking into Wall Street to Capitalizing on Capital with Marc Davenport (AoL 143)

They say if you can make it New York, you can make it anywhere. In that same spirit, many people see having a job or a career on Wall Street as a way to launch themselves to success.

This is pretty understandable. Over the years, there have been some movies which illustrated a simple idea. That idea being you can start from meager beginnings and become wealthy beyond your wildest dreams if you make it on Wall Street.

I believe this is the case for this session’s guest, Marc Davenport.

Having started his career off on Wall Street, he learned a ton. But he also started to develop a network of influential people. That network has helped him get to where he’s at today.

In this chat, join Marc and I as we discuss what all he learned on Wall Street, why he started his first business after having that success, and some of the things we can all do to help ourselves in our own journey.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What initially spurred Marc to become a Wall Street investor early in his career? 7:36
  • Was there something that prompted Marc to start his own consulting business? 10:27
  • What prompted Marc to start RMI Capitol after having great success with his consulting company? 14:50
  • How do real relationships make things happen? 15:52
  • What kind of clients is Marc looking to service with RMI Capitol? 23:03
  • What can someone expect to learn about on his YouTube channel? 24:55
  • From Marc’s perspective, why is that people like our mutual friend Antonio Smith have the success that they do in business? 28:09
  • Why does Marc find it important to be involved in so many organizations in the community? 35:03
  • What’s some of the things that Marc is looking forward to in 2019? 39:48
  • What are 3 Favorite books that he gifts or tells others about? 43:57
  • What does he do when he becomes unfocused or overwhelmed? 46:02
  • Are there some things that he’s been saying no to in the last couple of years? 46:23
  • What’s the best advice he’s ever received? 47:58
  • How does one live a life of abundance? 48:47

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Marc Online: Facebook, LinkedIn, Twitter, YouTube
Session Sponsor: Uncover Your Personal Mission
Lee Daniels
Saphire’s Story: How ‘Push’ became ‘Precious’
Antonio Smith’s Aol Interview
Bill and Melinda Gates Foundation Fact Sheet
How to Win Friends and Influence People by Dale Carnegie
Why Should White Guys Have all the Fun? by Reginald Lewis
Greatest Salesman in the World by Og Mandino
As a Man Thinketh – Earl Nightingale


Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

The 5 C’s of Credit 

How to Double Your Revenue

Antonio and Marc on What it Takes to be Wealthy

How to Build a Network of Influential People


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

interesting conversation

Engel Jones – Building Connections through Interesting Conversation and Touring the United States (AoL 139)

As creatives go, it’s always nice to meet other people who are on your wavelength. That’s one of the great things about doing interviews is that it gives you a reason to meet people.

Whether that’s in audio or video form, doing interviews not only gives you this opportunity, but it allows you to have a platform that you define while at the same time sharing it with someone else.

Through his efforts, Engel Jones, has become a master of making connections and sharing his platform. Through over 2000 conversations in the last couple of years, he’s connected with amazing people at all levels.

On top of this, last year he and his wife went on a tour of the United States to talk to many of these people (again) and have an in person conversation with them.

In this conversation, find out in his own words why he started his podcast and what he’s learned along the way.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What got Engel interested in podcasting and why did he aim to talk to as many people as he has? 13:23
  • How was he able to go on his 12 Minute Convo tour in 2018? 21:55
  • What did he get out of going on this tour? 24:47
  • How did Engel prepare for his fundraising campaign? 34:52
  • What would he recommend to someone doing their own fundraising round? 38:29
  • What’s it like for him to know someone through a conversation he’s had online and then meet them in person? 41:30
  • What are some examples of the questions he’s used in his interviews? 46:29
  • What is Engel looking forward to in 2019? 53:19
  • Who are his 3 most influential podcasters that he listens to? 55:21
  • What’s something more people should be talking about? 56:27
  • What is something that all high school students must know? 58:13
  • According to Engel, what is the secret to achieving personal freedom? 1:02:19

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Engel Online: Website, Facebook, LinkedIn, Twitter, Instagram, YouTube
Cohost: Harrison Painter
Session Sponsor: Uncover Your Personal Mission
Dave Ramsey Show
Rabbi Daniel Lapin
Entrepreneur On Fire with JLD
High Performance Planner
5 Minute Journal App
Engel’s Journal Workbook “Your Own Unique Real Self”
EntreLeadership – Dave Ramsey

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Engel Interviews Laura Petersen (AoL Session 63)

Engel Sits Down with Stephanie Calahan (AoL Session 65)

Engel and Amanda Featured on International Podcast Day 2018

Engel Talks Finance with Beau Humphreys


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherSoundcloud, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

debt free

Jared Latigo – Living Debt Free – Why Practical Minimalism Might Just be Your Ticket to Freedom (AoL 138)

One of the reasons many people become self employed is because they believe they can have more freedom working for themselves. Whether that’s more time for family or the ability to dictate what they do in a given day – they’re looking for more autonomy.

However, as we get more and more successful, we have a decision to make. Do we want to scale up and bring more onto our team or stay at the level we’re at because that’s our sweet spot?

It’s really hard to fight the urge to scale up – especially if part of the way that you measure success is through an increase in income and the ability to buy bigger and better things.

But what if finances didn’t enter into the equation of success? What if it stayed at what was important to us at the beginning – to do what we want when we want? Not to be pressured by keeping up societal norms – but to spend time with those we care about and/or traveling?

This is the life that today’s guest Jared Latigo has crafted for himself and his family. Listen in as he explains how he got here and more about his life after debt.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • Where was Jared in his career when he felt like he needed to break out of debt? 9:36
  • What was it like trying to keep up with a persona of success online that he truly didn’t have yet? 14:43
  • How has minimalism changed his life? 19:13
  • How can someone become aware that they’re a slave to their stuff? 22:15
  • What are Jared’s 3 steps to become debt free? 29:08
  • How does he keep a life balance with everything that he has going on? 35:08
  • What kind of habits does he practice to get the opportunities that he’s had? 38:34
  • What’s Jared looking forward to in 2019? 45:11
  • Who’s his top 3 favorite influencers? 48:17
  • Has he been learning anything new that he’s excited to implement? 48:40
  • What advice does he hear adults give kids that he calls BS on? 49:49
  • Has there been something under $100 that has changed his life? 51:22
  • How can someone be a difference maker in their community? 52:35

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Jared Online: Website, Facebook, LinkedIn, Twitter, Instagram, YouTube
Cohost: Harrison Painter
Session Sponsor: Fizzle (Get your first month FREE!)
George Carlin “A place for my stuff”
Jordan Harbinger’s Level One Program
The Intern – Robert De Niro
Dave Ramsey
Donald Miller
Brendon Burchard’s High Performance Planner
Jared’s Bluetooth Speaker Device for his Truck (Aux port)
JC’s Bluetooth Device – GoGroove FlexSMART X2 (FM Transmitter)

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

7 Steps to Building a Custom Pole Barn Home

Rachel explains the Kids’ Toy Library System

How the Latigos Work Together

A Day in the Life of…


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherSoundcloud, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

patrons only

Patrons Only! – Making Past Seasons of the AoL Podcast “Pay to Listen”

As I mentioned in the last podcast, I’m going to start putting past “seasons” of the podcast behind a Patreon paywall. Don’t worry, I don’t plan to flip the switch until late December… and I’ll only be asking $3/mo to have access. 🙂

It’s a result of a lot of strategic reorganizing I’ve been doing recently.

This week, I’ll be pushing out session 134 with Antonio Smith, and as I said in the last session with Dom Brightmon, it just feels with all that’s going on with New Inceptions and Amplify Indy – I feel like it’s time to actually get over the hurdle of going from strictly FREE to PAID content.

Personally, I feel that $3 is a good number for a monthly patron fee. It surely isn’t going to break the bank, and frankly, one typically can spend more on drive thru food. Since what the show has to offer is comparably more beneficial, I think it’s a fair starting price.

That said, you might be wondering what has taken me so long to pull the trigger on this decision.

Well, I’ve been struggling with what’s called the FREE to PAID hurdle.

This hurdle involves a few questions:

  • How do you make something that starts off free into something you pay for?
  • Will the audience still be there once it goes behind a paywall?
  • What’s the right price point?

In this post, I’ll give you a few of my thoughts after hearing a podcast over Fizzle awhile back.

 

Marketing Plays to Our Buying Habits

When it comes to what we think of the “traditional” offline world of business, NOTHING is free. However, since the mid to late 2000’s, the internet has revolutionized how marketing is done. No longer do we first hear something on a show or commercial on a major network or channel, then determine if we want to buy from there.

Instead, when we hear a name, product, or service we go look to see what’s on the web about said item or person. We look for reviews in Angie’s List. We look to see if they have any other content. Or we go to Amazon to see what others have thought about the item in question.

Usually, the more content this person has out there or the more good reviews they or the product have, the more we pay attention to it.

Eventually, there’s a good change we will buy whatever is being sold.

Podcasts in the past have been a part of this marketing. Inherently we think that most shows are free. But are they?

 

Monetization of Efforts

No content or work is free. It takes resources to produce a good or service. Shows that are on TV are powered by the sponsors of the network through commercials.

Big podcasts are typically sponsored by ads as well.

Heck, even when you look at big channels on YouTube, they’re doing some sort of monetization – even if you can’t tell up front how they’re making an income doing what they do.

When I thought about how I was going to monetize Angles of Lattitude, I originally thought that affiliate marketing was going to be the best way to do it. But as online streaming of podcasts has become more common, we’ve all grown accustomed to skipping past parts of interviews we don’t want to hear – including the pitch at the beginning and end. (For example, I know Lewis Howes and Tim Ferriss usually take 5 minutes to get into their conversations!).

Because I’m not a fan of midrolls, I’ve opted not to use them in the show. Yes, I know they’re the only marketing that people don’t always tune out during podcasts – I just personally don’t care for that jump in the conversation.

So trying to think of an alternative to doing midrolls, I thought about how people on Twitch make their income.

And what I found out is that it typically is done through two ways:

  • A handful of large sponsors or
  • many individuals supporting the show through donations. Many times those donations are through a Patreon or a similar service.

After checking with a sample of listeners, it sounded like that last one was something you guys would prefer. A show for the listener powered by the listeners.

 

Action Steps

So there’s my reasoning for getting my account started on Patreon. Again, when you go on there you’ll see that there’s actually 2 categories of support. The first one is for supporters of the show and the the second is more for partners.

Remember, that I’ll be implementing this change before 2019 rolls around. So make sure you binge on shows older than a year before Christmas. I’ll let everyone know through the show when the official landing page is up.

Also, be sure to check out the post from Fizzle called The Hurdle Between Free and Paid if you’re thinking about making something you now offer for free into something you collect money for.

balanced lifestyle

Damion Lupo – Don’t Live to Work! Discover Your Own Balanced Lifestyle (AoL 125)

The saying goes, “If you can do it once, you can do it again!” This is especially true for us creative types who might see success with one project, but on our next, we might start seeing our metrics go down.

This session’s guest, Damion Lupo, once owned 150 single family houses as as a real estate investor. But in 2008, everything came to a grinding halt. He was no longer able to live the lavish lifestyle that he was pursuing at the time.

It was soon after that he started on a quest to put more meaning into his life.

In 2012, he coauthored a book called Reinvented Life, where he talks about many of the things he learned during that journey.

In today’s chat, we go over some of these concepts as well as some pointers that he’d give someone just starting in investing.

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • How did Damion become so resilient as an entrepreneur? 6:36
  • How does he see wealth and how can abundantly thinking people reach out to others? 10:22
  • What’s his thinking behind financial freedom and retirement? 12:23
  • Why entrepreneurs might not make the best investors. 20:20
  • If someone has a $5,000 – $10,000 to invest in something, what’s a good strategy to get started? 27:41
  • What’s the best way for someone to find great opportunities in REI? 33:28
  • What are the pillars of Yokido? 37:05
  • What does Damion believe about Elon Musk’s perspective on having a universal income? 43:45
  • Who are the three influencers that has helped Damion get to where he’s at? 51:21
  • What’s an issue that more people should be talking about? 52:01
  • If Damion woke up tomorrow as a 10 year old and all his memories were intact, what would he do? 53:17
  • Something he’d like to do in his lifetime that no one knows about? 54:18
  • What’s the secret to achieving personal freedom? 54:54

Right click here and save-as to download this episode to your computer.

 

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

SHOW NOTE EXTRAS:

Yokido is Born

The Financial Freedom Formula

Damion on the Bigger Pockets Podcast

Damion Interviewed by Dom Brightmon


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

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