How does and does PML fit in your investing portfolio.
Category: Podcast
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
Looking for a passive fund that invests in distressed notes?
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.
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.techguyswhogetmarke
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 Lane@dev.simplepassivecashflow.com 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
Podcast #40 – Fundamentals – Damion Lupo – QRPs, SDIRA, Morbid backdoor accounts, wall street issues, solo 401ks, precious metals, in service roll over & negative interest rates
UPDATED 8/21/2018: QRPs (Qualified Retirement Plans) with Damion Lupo – https://youtu.be/fsOy4VrbCrs
SPC040 – Fundamentals – Damion Lupo – QRPs, SDIRA, Morbid backdoor accounts, wall street issues, solo 401ks, precious metals, in service roll over & negative interest rates
To sign up for a QRP or a FREE book – www.totalcontrolfinancial.com/spc
Podcast#39 – Interview – Vinney Chopra Apartment Investor and Motivator
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
7) USA2 is a good carrier and the reason their premiums are high is usually because their methodology requires an excessive amount of coverage, the higher the coverage amount the higher the premium. USA2 also declines coverage and surcharges coverage if they are not crazy about the property or area the property is located. Still, if the umbrella is worth it to you, you might want to consider moving your rental property to them as that would solve your problem.
$1 million of liability per occurrence and 2 million per aggregate which is fairly standard, and this is your only rental, than ask USA2 if they can write you an umbrella and exclude your rental property ($1 mil occ $2 mil agg is plenty for 1 rental property).
