Tag Archives for " How to get out of rat race "

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: 

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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.
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