Cashflow Diary | Influenced By Robert Kiyosaki Of Rich Dad About Real Estate Investing, Cash Flow And Passive Income.

Today’s Cash Flow Diary podcast guest, Mike Glauser (a.k.a., the Main Street Entrepeneur) has done something not many entrepreneurs have. He bicycled across America talking to small business owners about what makes our country’s entrepreneurs tick! He visited 100 cities and learned a great deal.  But before he hit the road he went through the college track, earning his PhD in his 20s. In his first teaching position (in which he would be teaching business organizational skills) it hit him that 1) he was the youngest guy in the room, and 2) if he is to teach actual business owners and those who were there to learn how to take their businesses to the next level he should first obtain the experience of business ownership.  So he did.  Mike opened a business with his wife and it did amazingly well. Far more quickly than he imagined possible, their business became Very profitable. The next thing Mike knew, he had received a phone call by someone who wanted to buy the business.  Long story short, Mike wasn’t inter

Chatting with Jim Bunch was an eye-opening experience for me. I learned a few things and you will, too. Listen in to hear us discuss the four levels of wealth. What are they? Repair and Recovery, Foundation, Resources and Mastery. Jim has a lot to say about these levels and how we can turn our lives around to reach the success and wealth we desire. He calls it living life by design! We talk about cash flow creation, too. Jim says that there is a path we must follow that leads to wealth. I won’t give it away here, but can say that managing the areas of our lives leads to cash flow creation, which in turn leads to financial freedom! Oh, and it takes action on our part. The difference between those who succeed and those who just wish their lives could change is that the successful take action. Like Jim says, they DO something. If opportunities are laid at your feet and you do nothing, it’s guaranteed that nothing will change. Jim will be up on stage with me as one of John Assaraf’s guest speakers at the upcoming

On this special episode of the Cash Flow Diary podcast, which is a little rough and raw as we try out some new recording technologies (plural), we have three guests from to diverse areas of the world that all share the same focus: Investing in laundromats! Guests Cisco and Doris Calderon are in California earning impressive cashflow with theirs; Thomas Landenburger does the same in Italy!  Thomas wasn’t always a real estate entrepreneur. He attended college in Wisconsin and then entered the Marine Reserves. After seeing the hottest desserts and coldest winters in Wisconsin, he left the Marines and hit the road to travel the world. He met a woman in Greece, got married and opened a pastry shop. Then he opened a bed and breakfast in far-off lands, sort of like the movie Under the Tuscan Sun. Thomas was bitten by the entrepreneurial bug pretty hard, which brought him to opening his first laundromat in Italy.  As for Cisco and Doris, their path was a little different. They met in a dance class at Cal Poly Pomona,

What do Cash Flow Diary podcast guest John Klymshyn and host J. Massey have in common? More than you might think! Listening to this sales-centric episode will delight your ears and tickle your brain, because John and J. cover a lot of ground when it comes to what it takes to be a great salesperson. As a top sales trainer for the past 16 years, John has learned a thing or two about sales and negotiations. He says one of the keys to sales success boils down to developing great listening skills, and adds that effective selling has nothing to do with convincing others to do anything. John also stresses the importance of being very clear about whom you choose to serve and having a fair exchange of value. This impressive 7-time published author, trainer, coach, speaker, entrepreneur, business owner, husband and father developed a trademarked process to help us move conversations forward successfully so we can close more sales. He also wrote a book a few years back, The Ultimate Sales Managers’ Guide, which continue

No matter what you want to do in life means you’re going to have to learn new skills to get there. That means you are going to stumble a bit moving forward as you gain new talents and skills.  The funny thing is that we all have an addiction to looking good. However, you cannot learn and look good at the same time. That includes doing real estate transactions.  It’s not that these transactions are difficult to do, but if you’ve never done one before you have a few new skills to learn. Then you get to add to your skills. Then you keep adding to your skill set until you don’t just know one way to do real estate investing but many. For example, getting properties under contract using all the cool creative acquisition strategies that are open to you to use!  The truth is that you should never stop learning new things. We’re not just talking about strategies; we’re talking about business and leadership skills, communication skills, marketing skills and every other thing you have to do as a business owner. And you

When it comes to getting real estate transactions done, our members rock!! One of the reasons for their successes (plural) is that they stay involved in our private Cashflow Creators PRIVATE Facebook group. In fact, some members have partnered up and others are doing deals with each other. It’s amazing what can happen when you put a bunch of likeminded people together. I thought you might get a kick out of listening in on one of my Q & A with J. Massey web shows. If you’re not a member you can’t get in to participate in this weekly live online show. If you are a member, you get to log in every Tuesday at 4 p.m., PST, watch me answer questions that were either submitted ahead of time or roll in through the chat box. It’s fun for me, because as the members do more deals their questions get a little more involved. I love that! Of course, there are real estate investors at all levels in our membership, so I get lots of basic questions, too. I love educating the new person as much as I do the seasoned investor

As we move through this month and this $100K series I have the honor of interviewing individuals who earn a whole lot of cashflow from their ventures and interests. The focus of these interviews is on how these people felt the first time they experienced a $100K month. Cash Flow Diary guest Ryan Moran – a killer entrepreneur, marketing specialist, speaker, author and new daddy – says for him it was like breaking through a glass ceiling that really wasn’t there. Once he hit that mark he realized that he was the only one holding him back, and that all the BS he bought into about not being able to reach this level. He did it, and not just once. For him how to get there was demystified, and now he wishes he could give people a pill to make them understand that they really can get to their financial goals. Ryan says that hitting his first $100K month didn’t feel much different than when he hit his first $10K month. Now he’s aiming at earning a million dollars in a month! Ryan says hitting high-dollar goals boils d

Senior Vice President of Communications at RealtyTrac, Daren Blomquist tells stories about the housing market in a unique way. He does it with data! That means the story is very, very accurate. Maybe that’s why RealtyTrac is so widely used by professionals in the real estate industry and investors alike.  Before Daren was the “Data Geek” he is today, he was a newspaper reporter in Illinois. A big part of his job was researching, using data to help him write stories and learning how to paint the big picture for readers. Eventually he moved to California where he joined a little startup company in the customer service department. Daren says that was a really good thing, because he got to talk to a lot of customers. It gave him the inside “Trac” on what they wanted. That information comes in handy to Daren in his current position.  Today, Daren is one of the company’s longest-term employees and has been with RealtyTrac since 2001. A noted real estate expert – on home sales trends, tax and deed loan information,

Have you ever struggled to get everything done in the 100+ hours you have each week? If you want to CRUSH IT as a productive person, no matter what you are doing in your business and life, listen to this episode of the Cash Flow Diary podcast! It is taken from a recent Periscope session I did, which is something I’m doing a lot of lately. (Cuz it is that awesome!) If you haven’t started following me there yet, why not? You are missing out on pretty cool live learning opportunities. Go to www.periscope.tv/cashflowdiary and join.  So what’s it take to be more productive? First, you need to set goals and structure a plan to get there. You back into your plan. For example, let’s say you want to raise $25,000 this week. What steps are you going to take to do that capital raise? What assets do you have that you can use that will help you? By that I mean… do you have a podcast? Do you Scope? Do you have an eBook, checklist, or other thing you can sell right now that you own and control to raise that money? The long

You might have noticed that I’m really into livestreaming lately, and because it’s a great way to reach more people become bigger, badder, better real estate investors and entrepreneurs I’m going to keep doing it. For the most part you’ll see me live on Periscope. If you want to follow me there so you know when I’m going live (because the app sends you a quick alert right before I go live), go to www.periscope.tv/cashflowdiary. In this episode of the Cash Flow Diary podcast you’ll get to listen in on one of my first few Periscopes. The topic is value-driven business and how to be successful in business and entrepreneurship. You’ll also realize pretty quickly why I’m doing Periscopes. My reach immediately expanded. There are viewers from all over the globe. That’s pretty cool. The long and short of it is that being in business for yourself is possible if you so decide. But you must make a shift in your mind first. You have to decide that you want to provide value of some shape or form. For me it’s real estate

In this short Cash Flow diary podcast episode I talk about a few of the basics, like how I did my first deals (because I get the question all the time), how to raise capital and how to generate leads. What you’ll learn is to do things in a certain sequence, which will help get others to enroll in your process. It’s like planting your lands in preparation for a harvest. You have to plow the land, prepare the soil, seed it, do a few more things to keep cultivating and nurturing your crops… and finally get to the harvest. (In real estate transactions, the close of the deal is your harvest.) In this episode you will learn about the importance of conducting the III interview (triple “I”) with everyone you want to work with. That’s because you want your buyers, investors and sellers to be in total alignment with your goals, mission and vision. If they don’t fit you can’t force them to fit. If you do, you’ll be sorry at some point down the road. You’ll also learn how to generate leads wherever you go. Whether that’s

Cash Flow Diary podcast guest Michael J. Maher is a true king of referrals. He’s learned the secrets to sales success… and it’s not chasing people down in parking lots. Before we get into that, let’s talk about Michael roots.  It’s not like Michael was born with a silver spoon in his mouth nor did he grow up just knowing how to be great at sales. Quite the contrary. He grew up impoverished in Kansas but in a loving family. Michael’s dad was a bus driver by day and a volunteer sports coach for kids three times over by night. Michael’s mom stayed at home with him and his four siblings.  As Michael watched his mother and father, he learned the importance of hard work and good ethics. He also learned that if someone asks you if they can help you with something you simply say YES. Michael may have started out with zero dollars and a whole lot of drive to build his business, but he amassed millions of dollars and a fantastic reputation through doing business as a real estate professional in an ethical way that m

Orange County, California-based husband and wife product designer team Tom and Tracy Hazzard have spent more than 20 years living and designing together. Most recently Tom and Tracy have added to their resumes some impressive credentials (as if their credentials weren’t already mighty impressive).   They can now add being 3D Print Product Designers, podcast hosts and authors of IP Battle Scars, Lessons and Evasive Tactics to their list of joint credits. As if that’s not enough, Tracy recently launched a cool new column called By Design for Inc. magazine!  While this inventive couple have taken a lot of their own ideas to market they wanted to help others do the same. For clients they solve the problem of what to make, how to make it stand out and what it takes to make it competition-proof. Talk about knowing your customer!  Collectively Tom and Tracy have designed and developed over 250+ retail products that generate more than $750 million dollars in revenue. They hold over 35 utility and design patents thems

In this 271st episode of the Cash Flow Diary podcast, I get to talk to Steve Rohr, a guy who has a lot to say about, well, speaking. If you get tongue-tied in front of other people or would love to get up on stage in front of audiences… if only you could overcome your stage fright… this is the episode for you! Steve co-authored the book SCARED SPEECHLESS, which lays out the path to how you can get past your fear of speaking. In this insightful episode of the podcast, Steve tells us that there are reasons for the fear, like the fear of being judged. (Because we all judge all day long, right?)  The fact is that when we’re sitting in an audience we are there to being entertained… not to judge. We are on the side of the speaker. So when you’re up in front of audiences large or small remember that the audience in on your side. No one is going to throw rotten vegetables.  In his book, Steve gives nine ways to help us over the speaking-in-public hump. He talks about why we have fear and why fear is actually a good

Did you know you can use some types of IRA accounts forinvesting purposes? Like a self-directed IRA, where you get to makeyour own decisions about how the money in your account is used.That means your IRA gets to invest in Real Estate transactions andin businesses. But before you rush to your IRA manager, take abreath and educate yourself a little. As with any IRA there arerules and prohibited transactions. That’s what this incrediblyinformative Cash Flow Diary podcast episode covers. Taken from alive webinar featuring J. Massey and Udirect’s very own KaarenHall that we recorded at the end of 2014, this episode promisesto give you much of what you need to know about the power of usinga self-directed IRA. Take notes as Kaaren talks about “sweatequity” and how the IRS says you cannot “over-contribute sweatequity” in a property in which the IRA invests. That means youcannot be the one to swing a hammer in the rehab process. You can’tget your hands dirty doing any of the improvements. Kaaren alsoexplains in depth

Ever wonder what it would be like to own 2,000 units ofproperty? Like lots of properties and even a few apartmentbuildings? Well, you’re going to want to listen to this episode ofthe Cash Flow Diary podcast all the way to the end. Today’s guest,fellow podcast host, philanthropist and big-timereal estate investor Rod Khleifhas owned and managed that many units and helps a whole lottapeople in the process.So when did Rod’s love of real estate investing kick in? In histeen years when he saw his mother save up money by babysittingother people’s children to purchase a family home. Rod thought itwould be neat to get intoreal estate, so he became an agent very early in life. He evenhad his face plastered across some outdoor advertising. But hedidn’t end up earning much money as an agent. Rod then started looking at real estate with new eyes… theeyes of an investor. At the age of 21 he bought his firsthouse. He was on his way to the success he craved as aninvestor. While Rod had a lot of successes, he also had a numb

For some people, Sunday nights are full of dread. Why? Cuz “tomorrow” is Monday, which means they have to go to their J – O – B or otherwise start their new work week. If you feel that way maybe this Cash Flow Diary podcast episode will help you get over that hump. This episode isn’t meant just to help you through Mondays. The tactics you learn will help you every day. In fact, it’s something that can get you through all of your days in 15-minute increments. Once you learn how to manage your time and anxieties about those tasks you “don’t want to do” you can accomplish a whole lot more each and every day. While you’re going to have to listen to this episode to get all the tactics, here’s one. Stop limiting yourself by telling yourself that “once you do X, Y or Z” you’ll start to reach your goal and feel successful. Start looking instead at ALL your successes that you achieve through your day. You do so by asking yourself 5 questions. The magic isn’t found in the questions; it’s found in your doing the exercis

Wouldn’t it be nice to have wheelbarrows of cash delivered to your door month after month? That’s what Cash Flow Diary podcast guests Jake Stenziano and Gino Barbaro do. Well, the money doesn’t really show up in wheelbarrows, but it’s kinda like that these days. Jake and Gino invest in apartment buildings across the country and now own hundreds of units. Yes, hundreds!They even wrote a book on it. The title? Wheelbarrow Profits! Jake and Gino weren’t always working together. Their partnership happened over time. Gino has “amassed” six children, and they are the primary reason he jumped into real estate investing. Gino says some pretty interesting things. One is that he doesn’t mind working 60 hours a week, but he wants to decide how those hours are spent. He also says while he has a passion for real estate, his main passion is to spend time with his kids. He loves being a dad, because he gets to be a role model and show his kids there are things they can do to have the life they want. While they saw him work

This episode of the Cash Flow Diary podcast is a bit of a different animal. For this one I’m not alone. In fact, I invited my partner in life to join me today. Yes, it’s my lovely wife Popi. Join us as we discuss partnerships… and not just in marriage. In both business and in life, it takes a village to help us get through. Your life requires input from a few supportive people. (That said, stay away from negative people.) I’m fortunate to have Popi as my partner in all areas of my life.Popi isn’t new to the concept of being a team player. She was a volleyball star in school. But that’s not all. You’ll have to listen to this episode to hear her path. Popi talks about how doing the boring stuff repeatedly is part of doing really well on the playing field. She also talks about how bonding works to make a tighter team. It boils down to trust. Admittedly, my wife is pretty terrific. She certainly supported me when I first got into real estate investing. She makes a great partner because she understands that everyo

Today’s Cash Flow Diary podcast guest Ian Balina is the CEO of PeerHustle, a mobile on-demand marketplace for today’s sharing economy and entrepreneurs everywhere. Ian does short-term real estate rentals and owns a video production company… and still keeps his day job at IBM!So telling people you don’t have time to do much in real estate, you might want to stop saying it. Ian works every day and then every night… and he’s doing some pretty cool things. Ian has always kept a hustle in his step. He was raised in a strict household by educated parents who got him to read a lot. They made him go to the library during summers. So he started making it fun and read about people like Bill Gates and about technologies. Ian decided early on that he wanted to grow up to become a technology expert. So that’s what he did!Ian was a self-learner, which meant he taught himself to build websites and all sorts of things online. This led him to starting his own web-design company and then started a design-hustle business. Event