Episode 031 – How Did Lane Kawaoka Get Out of the Rat Race and Become A Successful Investor in Real Estate

Have you wondered how to get out of the rat race as an employee to start investing in the real estate?  

In Episode 031, Jack has invited Lane Kawaoka who is a civil engineer as well as a real estate investor.  He currently has a 11 single-family home portfolio with experience in Seattle, Birmingham, Atlanta, Indianapolis, and PA. Lane is also co-owner of MFPE Investments LLC that currently controls 825 multifamily apartment and RV units.  Lane will share how to transition from an employee to a real-estate investor, which is inspirational.  The key is as long as you get laser-focused and work with the right people, you can also be a successful real estate investor.

From a Civil Engineer to a Real Estate Investor

"I did civil engineering and industrial engineering and I went to work for the man as a construction supervisor and out in the field working long hours. I work one of those jobs where it's 100% travel so I was never home all the time. And for engineers, we earn decent amount of money but nothing crazy like a doctor or lawyer. So I was able to save some money and I bought a home to live in pretty shortly after graduating from college and since I was never home I just rented it out and the rent that I was bringing in the income minus expenses was a lot of beer money right there. I have to do this again and again and again, because at that point that was the freedom, that was the way I was going to get up out of the rat race.  I didn't know what I wanted to do at that time, but it was like I didn't like my job. I didn't like working for somebody else and this was the only way out at the time."

Be Laser Focused and Avoid Shiny Object Syndrome

"Just in the real estate world, you can invest in single-family homes. I wanted to fix and flip properties or want to invest in apartments or assisted living facilities or gas stations or shopping malls. Very different things under the umbrella of real estate and from what I see from the successful people, I don't try and recreate the wheel. I just follow other people's methods.  This is kind of why we listen to these podcasts is the successful people aren't getting laser focused on one thing and then learning something else or finding the other people to work with the other investments."

Right People and Self-Awareness

"I think on the investor's side, all it takes is to work with the right people and part of it is self awareness. Like I said, real estate is a very forgiving asset that you're trying to hook up with people who are very knowledgeable because it may not be your area of expertise. You may not know the rental value ratios to look for. You may not know that the neighbourhoods, but you trying to work with the right people in your life partnerships in terms of, you know, allying equity so that both sides are working together for the same cause, which is to make money."

No.1 Quote 
"Don't be an Ask-Hole!"


Want to know more about Lane? 
Email: Lane@SimplePassiveCashflow.com
Website: https://www.simplepassivecashflow.com
Lane's Podcast Show:
https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2

You can download the Show Notes here: 

Did you like what you heard?

If you liked this podcast, please leave a review on iTunes!  Click here to discover the iTunes page.

Did you know that Cracking the Entrepreneur Code Podcast Show is on Apple's Podcast app?

  1. Launch Apple's Podcasts app.
  2. Tap the Search tab.
  3. Enter "Cracking the Entrepreneur Code".
  4. Tap the blue Search key at the bottom right.
  5. Tap the album art for the podcast.
  6. Tap Write a Review at the bottom.

If you found value in this episode, assist your friend and share this episode on Social Media.

Like it?  Take a second to Support "Cracking the Entrepreneur Code" on Patreon

Select Content Template

Being Productive Versus Being Busy

You don’t get extra points or extra money if you are working for yourself just by putting in extra time. If one person sits down and spends 30-minutes making articles, sending out auto-responders and leaves. And another person sits down for 12-hours and gets the same thing accomplished – then who is the real winner, They both got the same out-come, but one person spent half an hour of time, and one person spent 12-hours of time. You don’t want to be busy, you want to be productive. You can tell you are being productive if you are finishing what you do, if you are focusing on deliverables, and if your tasks are on course to your bigger goal.

What does it mean to finish something, It means that you have something to show for your efforts, it means that someone could look over your shoulder and see what you physically created from your efforts. That might mean that you made five forum posts instead of spending three hours on a forum. It might mean that you finished two chapters of your report, instead of outlining two chapters. Outlining is fine, but finishing is better.

You need to show what you have actually completed. What that actually delivers to you. That means that if you finished two chapters of your report, did those make you any money, Did you take those two chapters and release the newer version of your report, If you wrote an article, did you submit it, And, did that give you traffic and did that get you sales, Then you now have a deliverable based on what you created.

It’s one thing to write more of a blog post, but what if you published it or scheduled it so that it is now out there. No matter what tasks you complete, you need to make sure that this is all in line with your bigger picture. It doesn’t make sense to be marketing in one niche, but then write articles in a different niche. Or, to send an email with one topic but tomorrow ask people to buy a product about a completely different topic.

That is what you need to do to make sure you are productive, and not just busy. That you are finishing what you start, that you think about what deliverables you are making, and that your tasks are on course to the bigger picture.

Celebration Sunday – Making Me 5 figures over the Weekend By Spending Only 10 Minutes to Work

In case you wonder why there had been no Celebration Sunday over the last two weekends, it’s only because I was out of town in two consecutive weeks.  I spent the first weekend in Ho Chi Minh City to assist my teacher, Blair Singer, in the Sales Explosion Program in the capacity of the Program Director.  The group of 500 did great and in one of our hallmark exercises, this group did a total sales of USD20 million in just over 10 minutes, breaking all records of the previous Sales Explosion Program. As far as I recall, the last record was in Sau Paulo, Brazil where the participants did a total sales of USD9.7 million in just over 10 minutes.  If this sounds a scam or skeptical to you, I can understand.  As Blair said, it’s because your capacity to grow is limited by your own self-concept.  If you haven’t experienced such results before, you have every right to say “I don’t believe this!”  Isn’t interesting that human brains work this way?

Then last week I was in Yangon, Myanmar as the Lead Trainer of a new program called “Master Your Stage”.

One thing that made me very proud and I would like to take this opportunity to celebrate with you (and that means me!) is that our graduates paid premium tuition to join this program.  Based on the current statistics I have for Myanmar, a person has to invest 4 to 5 months of his average monthly salary in order to join this program.  So, in Singapore standard, this program is equivalent to USD15,000 for 3 days of immersion and experiential learning.  How many of you at this point would say that “it’s totally crazy and not possible”?   This was the issue with my event organizer in Yangon, Myanmar two months before the launch of the program.  “There is no way people would invest so much money in a 3-day program!”, my event organizer said.  Two months later, my event organizer thanked me for helping them “break this limiting belief” and you know what?  Season 2 is already 50% sold out in Quarter 4, 2018.  And we are going to raise our tuition fee again due to the popular demand for this program.

Master Your Stage has also helped me to confirm that one would pay when they see the value of the program exceeds the investment the person has to fork out.  As my mentor, Marshall Thurber, teacher of Robert Kiyosaki, T Harv. Eker and Blair Singer, said all businesses are clients intimacy businesses.  Don’t focus on the price because it is irrelevant.  What’s the value proposition of what you plan to do?  Is this proposition something the market truly wants?

Finally, a lot of people from all over the world who saw what people post online about Master Your Stage asked what kind of program it is.  D. Cavanagh and M. Carson, who are two of my influencers in the speaker training industry, asked me whether it is a speaker’s training.  I said “Nope!  MYS is only a personal development program and I will continue saying this because it is indeed a PD program.”

Perhaps it is my gift because, over the years, I have created tens or hundreds of programs for myself and for other people, I spent only 10 minutes to come up with the program.  Again, similar to what I said about the results of the people did in Blair’s Sales Explosion Program, you have every right to question the validity of what I said and you know what?  I am not going to waste my time to explain to you as I have already proven to the world that MYS has been created and Season 1 has been successfully completed last week.  Results never lie, make sense?

So what if you say to yourself that you don’t have such a gift, can you do something about it?  My answer is “you don’t know what you don’t know.”  The good news is that you can always model from someone who has done this and is willing to share with you his lifework.  Of course, there will be a price to pay as nothing is free in the world.  Free advice is equivalent to criminal exchange if you are familiar with Blair Singer’s teaching.

Want a session with me to discuss your program design questions?
Click here to make an appointment with me -> https://jackhmwong.as.me/moreclients

Have fun this week and I will see you next week in another edition of my Celebration Sunday.

PS :Click here to access my 5 Superstar Sales Secrets
https://getyoumoreclients.com

PPS: Click here to access my 5 Business Prosperity Secrets
https://getbusinessbreakthrough.com/

 

How to go from job to 6-figure as your own boss

BE A HIGH TICKET CLOSER!

If you’re sick of working for a boss or you just want more freedom and get paid well, I’ve got good news.

In a few months, you can work from home, get paid what you want and set your own hours.
 
How?

By partnering with my multimillionaire friend Dan Lok.
Here’s a bit about him.
 
Over the years, Dan has built an 8-figure business empire before the age of 35. He has over 100K subscribers on YouTube.
And he’s known by everyone on the internet as the King Of High-Ticket Sales.
 
Right now, his companies are growing fast.
 
But the problem is he’s a bit short on talent – so he’s asked me to find him a few good people who he can mentor and close deals for him.
 
For the right people, he’s going to make sure you get paid $5K-$25K a month.
 
If you’re interested in this, just watch his webinar: https://www.fumoney.com/ebook?affiliate_id=998815
 
On the webinar, he’ll show you how he’s able to pay you $5K-$25K with:
 
  • Zero networking
  • Zero cold-calling
  • Zero money wasted on advertising
  • Zero inventory
  • Zero spamming people on Facebook
  • Zero pushing scammy stuff to your friends or family
  • Zero learning technical skill
  • Zero trying to keep up with the latest algorithms
  • Zero signing up for some b.s. multilevel marketing crap
  • And zero promoting shady stuff
 
The opportunity is only available until the spots are filled.  After that, the webinar is coming down.
 
So watch it now – while you still can:

How Many Hours Per Day Do You Need To Work

If you are still stuck in the “day job” mentality, you might be thinking about how many hours a day you need to be putting into your own life or your own business to make sure that you keep making progress every single day. That is the wrong way of thinking and that is the wrong thing to be asking, because being busy does not mean you are being productive.

If you sit at your computer for 8-hours a day and constantly check your email, check your twitter, check Facebook, check forums, and never get anything accomplished – then you are busy. You are spending all this time at the computer wasting time, getting nothing done, having nothing to show for it.

Most people I know who work an 8-hour per day “day job” can tell me that they only put in about 15-minutes of productivity every single day. Sure you get paid for 8-hours, but you take bathroom breaks, you check email, get coffee, you spend time researching or reading, and really as far as getting things completed and showing what progress you have made. There is only about 15-minutes every day put into it.

Luckily, when you are in business for yourself – you are not stuck at a “day job”, you are not stuck with a boss and you can get off the computer to take breaks to make yourself more productive when you come back. Think of your computer as a “hot-seat”, you don’t use it for checking email all the time and you have most windows closed. You sit down at the computer, you get whatever task finished and as soon as that’s done, you get off the computer and get to something else – walk the dog, take a walk, wash the dishes, vacuum the house, go to the store, something that does not involve TV or the computer. That way you can have some downtime, relax and recharge your batteries and subconsciously resolve many of the problems you would have had beating your head against the wall while you were on the computer.

Instead of thinking about how many hours per day you need to work, think about what tasks you should and should not be focusing on and get in the habit of using your computer as a “hot-seat.” Sit down, do it, then leave.

Episode 030 – How To Turn Your Passion Into Your Business Tapping On Steve Clayton’s Experience

How can you turn your passion into a sustainable business.?

In Episode 030, Jack has invited Steve Clayton who is a business coach and a producer of large events to share how he turned his passion about being a DJ, into his business, being an in-demand event producer. He also shared few lessons on his entrepreneur journey and his secret sauce to his entrepreneurship success.

Steve started the Neon Run, self-producing events all across the country and in Canada in 2012. The Neon Run boasts more than 12,000 participants per race in over 10 cities nationwide and in Canada. In 2015, Steve took on the then 1-year old Chalice Festival, and in over the span of just 4 years, helped Chalice to increase from 8,000 attendees to approximately 40,000.  Steve manages a $5 million dollar budget and books headline talents such as Wu Tang Clan, Migos, and Ice Cube just to name a few.

Today, Steve continues to produce major events and has spent years counselling, guiding and directing DJs to pursue meaningful work and quality life by helping them to grow their business to its fullest potential. He also just released a new book and coaching program designed to give DJs a blueprint in the “how-to’s” of growing their DJ business.

Of all businesses, what DJ Business? 

"Why not?  I mean you get pay for party. I mean what is better than that in the world and you know making money and getting paid to entertain people at a social gathering. I mean it was a mixture of my love for music and my desire to be an entrepreneur and my passion for the lifestyle that I can design and the freedom that will create from that. That was the kind of the kindling that started a fire."

What challenge did Steve face in his early career?

"I was going to leave the safety and security and comfort of full time job which I was a teacher, but it wasn't for me and that wasn't my passion. And leaving that steady paycheck that health insurance benefits and retirement and having two kids, a wife and a mortgage and car payments and leaving all that behind and saying, "Hey, I'm going to take this jump into just going full time with what I believe in, what I know is going to be successful." That was definitely a challenging point in my life."

Difference between goals and objectives

"The goal is subjective destination but it can't be quantified whereas objectives are mile markers along my journey to my goal. So objectives are objectively quantifiable. And so to me  objectives are those destinations that you are achieving.  Yes, I've got there.  Now, on to the next one.

Two things to watch out for before starting a business

"So I think the other two points are what they have to analyse the risk reward factor strategically and surround yourself with people who are more successful than you in certain aspects of your business."

Steve's Favourite Quote
​"If it's important to you, you will!"

Want to know more about Steve? 
Facebook: https://www.facebook.com/IAmSteveClayton
Twitter: https://twitter.com/iamsteveclayton
LinkedIn: https://www.linkedin.com/in/soundskilz
Email: sclayton@soundskilz.com
Website: https://iamsteveclayton.com

You can download the Show Notes here: 

Did you like what you heard?

If you liked this podcast, please leave a review on iTunes!  Click here to discover the iTunes page.

Did you know that Cracking the Entrepreneur Code Podcast Show is on Apple's Podcast app?

  1. Launch Apple's Podcasts app.
  2. Tap the Search tab.
  3. Enter "Cracking the Entrepreneur Code".
  4. Tap the blue Search key at the bottom right.
  5. Tap the album art for the podcast.
  6. Tap Write a Review at the bottom.

If you found value in this episode, assist your friend and share this episode on Social Media.

Like it?  Take a second to Support "Cracking the Entrepreneur Code" on Patreon

Select Content Template

Do You Use A Personal Information Manager To Organize Your Life

There are probably hundreds or thousands of different software programs that try to help you try to manage your life, give you more free time, and make you more productive. The problem is many of these software programs box you in and suck up all your time while you are managing the different things you get done.

I am very much against complicated time-management systems where you have to draw tables, list lots of tasks, and keep everything in a spreadsheet or in a software program. Instead of using a software program or a complicated system, just use four (4) daily tasks and a countdown timer.

Four daily tasks means that today you pick four simple things to do. That might be write a blog post, send an auto-responder message, get one new affiliate partner, and edit sales letter for 30-minutes. Just have four simple things, four tasks – not a to-do list, but tasks, where each of those items can be completed in one single sitting at the computer.

To make sure you complete these tasks in a timely fashion, use a countdown timer. If you are a Windows user, I use a program called Cool-Timer that will countdown or count up depending on what you want to do. If you wanted to spend 30-minutes changing around your blog, then set that timer to 30-minutes, let it countdown, and as soon as it hits zero, then you stop.

If you are not comfortable with a computer program to time you, or you don’t have a Windows computer – you can use a kitchen timer, or even use the countdown timer on your phone.

Have four things to do, and time everything you do with a countdown timer to make sure you finish it all. Don’t waste time managing the system or tracking your progress or analyzing your progress, just have four things to do every day and time those tasks so you get them completed on time.

Episode 029 – How to Get Out of the Rat Race by Learning from Chris Miles

Are you looking at getting out of the rat race?  Are you looking at ways in which you can free up cash flow amounting to some $34,000 a year?    

In Episode 029, Jack has invited Chris Miles who is the "Cash Flow Expert" and “Anti-Financial Advisor” to share his journey from getting out of the rat race to achieving financial freedom at the age of 28, and then going back to the rat race due to the Global Financial Crisis and how he made a comeback to the road of financial freedom and now becomes a leading authority teaching entrepreneurs and professionals how to quickly free up and create cash flow spending time doing what they love most!  

Chris has a high reputation with his company, Money Ripples getting his clients fast, life-altering financial results. In fact, his personal clients have increased their cash flow by over $100 Million in the last 8 years!

Become a business consultant In the real world and a school drop-out

"I figured out if I'm going to become a business consultant, I shouldn't just have book smart, I should also have real life experience. And so I ended up dropping out of college with one class to go and I thought I'll just take a one year break and I'll start a business."

How did Chris become financial free in 2006 and 2007?

"A friend who was a millionaire asked me "Do you really like doing mortgages?" I said, "Well, not really. I love teaching it. I love helping them get the results, but I hate the paperwork and I hate the one that they call like every day leading up to it."  And he said, well, why don't you hire that out?   So I found a guy who had split it 50/50 with me. I would just spend a half hour to an hour to the client and then next month later I get a check for like a thousand bucks or so. I thought, well, that's a pretty good wage per hour, where else could I do that? And so I started creating passive streams income to where I was making like $4,000 or $5,000 a month, working in about three or four hours a week, with different companies. And so in 2007, I came out of retirement."

It's not about focusing on the money part
"I realised that the biggest key to getting out of anything  is I stopped asking how do I make more money, but I started asking, how can I create value? How can I serve more people? What can I do to create more value for more people? Because dollars follow value you create, especially value that others want in their life. If you realize that everything you do is about service, everything you do is about getting people what they want, the money's easy. The money's just exchanging you saying, here, I'll give you this piece of paper or this check. I'll give you this money."

What's the best strategy to get out of the rat race?

"People can look for the right time and the right time usually is like figuring out like how do we make sure that you're financially prepared to make the leap. I made a leap back early on was a financial advisor. I made the leap a little bit too quickly because I didn't want to be at my job any longer. I was actually in a world of hurt financially for a few months, was trying to get stuff together and I had to go find another job to get myself going again. There's a right time and place to do it and that's why I teach people to get out of the rat race. You got to have the right timing to do it and the right circumstances.  When it's right, it's easy to make that leap."

Chris' Most Favourite Quote
"Dollars follow value! If you want more money, don't ask, "How do I make more money?" Ask, "How can I create more value for more people?""

Want to know more about Chris and Money Ripples? 
Facebook: https://www.facebook.com/moneyripples
Twitter: https://www.twitter.com/chriscmiles
LinkedIn: https://www.linkedin.com/in/chriscmiles
Email: chris@moneyripples.com
Website: https://www.moneyripples.com
iTunes: The Chris Miles Money Show 

You can download the Show Notes here: 

Did you like what you heard?

If you liked this podcast, please leave a review on iTunes!  Click here to discover the iTunes page.

Did you know that Cracking the Entrepreneur Code Podcast Show is on Apple's Podcast app?

  1. Launch Apple's Podcasts app.
  2. Tap the Search tab.
  3. Enter "Cracking the Entrepreneur Code".
  4. Tap the blue Search key at the bottom right.
  5. Tap the album art for the podcast.
  6. Tap Write a Review at the bottom.

If you found value in this episode, assist your friend and share this episode on Social Media.

Like it?  Take a second to Support "Cracking the Entrepreneur Code" on Patreon

Select Content Template

Easily Keep Yourself Organized With A Calendar

Your time is valuable. Other people need to respect your time, and you need to figure out when you are busy and when you are available. That way you can schedule meetings, webinars, teleseminars, or coaching calls weeks or months in advance and still have a time for yourself for vacations, days off, and for working on your business.

That is why I use a Gmail calendar and a Smart-Phone to keep track of all those things. First of all, I recommend you get a Gmail account, which is hosted by Google because in Gmail there is an extra tab where you can have your very own calendar. It displays the day, the week, the month.. You can schedule blocks of time according to when you are going to be focusing just on one particular task, having a meeting, and so on. What is really good about this is you can sync it to most Smart-Phones. That way you can set up a meeting with your phone and then check it later on your computer or in fact, any computer in the world and vice versa. You can set the meeting on your computer, and it will appear on your phone as well.

The really cool feature about this is you can give others access to this Gmail calendar. It means that you can share the calendar with your family or your business partners, so they will automatically know when you are busy and when you are free, and you can have different security levels. For example, your business partners will see that you have family time blocked out, but they might not necessarily see what you have it blocked out for – only that you are busy. It means that if your business partners want to have a meeting at a certain time of day, they just schedule it and if your family wants certain family time with you or to go on a trip, they can just schedule that on a calendar as well. And when they schedule it, it will show up on your phone and on your computer. And, if you schedule it – whether it is on your computer or on your phone, it will appear on their calendar’s as well.

That is how you easily organize yourself with a calendar to keep track of your tasks, and meetings by using Gmail calendar by syncing it with your phone and by sharing it with your business partners.

How Far Ahead Should I Plan And Schedule My Life And Business,

Any tool you have to improve your life can also be misused, including things like calenders, day-planners, and task-lists. That is why you don’t want to spend too much time planning the rest of your life out. Just think about monthly products, weekly promotions, and daily tasks.

This month, what product are you going to be launching, What is going to be your big launch, This week, what are you going to be promoting to your subscribers, Is it going to be the same product you are launching, Are you going to be relaunching an old product while you create this new one, Or, are you going to be promoting someone else,
Finally, what tasks are you going to be completing everyday to make those promotions happen, Are you going to be contacting potential new affiliate partners, making a new blog post, writing and scheduling emails, What daily tasks are you going to be completing to make you weekly promotions possible to have a different monthly product come out to your subscribers,

To make sure that you focus on this one month or this one week – I want you to theme your months and your weeks. This is easy, if you are launching a new product called “Self Improvement Guide”, then this is Self Improvement Guide month. If this week you are promoting a product called “The List Building Accelerator”, then this is List Building Accelerator week. Make sure that all the tasks you complete this week are related to that and most of the promotions you make this month are related to that exact product launch.

You do need a clear plan, you do need to know what direction you are headed in, but over-planning means you won’t get there. Consider if you were traveling from one end of the country to another, you do need to know what highways to take and what direction you are going. But, you might not need to keep track of exactly where you will stop for gas along the way, exactly what you will eat for every meal on the way, and exactly which lanes you will change to along the way.

1 2 3 13
>