47. Design Your Dream Life Through Passive Income | Linda McKissack

The ONE Thing

NOVA Media

Business, Careers, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 15 June 2017

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

What would happen if, at the stroke of midnight, your financial resources completely went away? If you don't like the answer, you need work on creating passive income. Today's guest, Linda McKissack, is the Queen of Passive Income. She will help you understand more about building wealth that isn't dependent on your day job, your time, or the economy. The ONE Thing to Implement From This Episode: You invest your most valuable resource - your time - when you listen to this podcast. Will you guarantee yourself a return on investment by backing it with action? Block out some time in your schedule for the next week and ask yourself: What do I really want? What is my freedom number? Will I choose to master a business that is guaranteed to generate wealth, like stocks or real estate? What is the ONE thing you can do that will make progress in that area easier or unnecessary? In this episode you will learn... [3:55] Why you need more than good cash flow to generate lasting wealth. [8:45] Why 54% of people end up broke or dependent on others (and how you can be part of the 5% that are secure or wealthy). [11:15] The three ways that anyone can build wealth. [21:50] How you can learn to leverage other people through small, daily actions. [28:00] How people lose money by investing in real estate (and how you can avoid that). AWESOME FREE RESOURCES FOR YOU! The Kick Ass Guide To Accountability Form your first power habit with your 66 Day Challenge Calendar Check out our awesome blog! [FREE Training] How to Start Time Blocking TODAY! Links & Tools From This Episode Connect with Linda: Website | Facebook | Twitter | YouTube HOLD: How to Find, Buy, and Rent Houses for Wealth by Linda McKissack, Jim McKissack, Steve Chader, Jennice Doty, Jay Papasan, & Gary Keller Production & Development for The ONE Thing Podcast by Podcast Masters Mentioned in this episode: Factor 75 Head to FactorMeals.com/one50 and use code one50 to get 50% off. That’s code one50 at FactorMeals.com/one50 to get 50% off! Factor 75

Transcript

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0:00.0	This is the One Thing podcast where we teach you the surprisingly simple truth behind extraordinary results.
0:08.0	My name is Jeff Woods. I'm the Vice President here at the One Thing team. In the last episode episode we talked about time management and
0:15.0	how you can get more time in your day if you miss that episode it was a great one
0:19.3	go back check it out now just by your feedback by you guys reaching out and saying hey we want to hear more about this subject
0:28.0	We're having the conversation that we were going to have today which is about wealth building
0:32.0	So many of us since we were a little kid which is about wealth building.
0:32.6	So many of us, since we were little kids,
0:35.1	we were taught to get good grades,
0:36.4	we could get a good job, so we could make money and save it
0:38.8	and hopefully retire, yet the statistics would
0:42.4	argue against that, actually. and the woman you are going to meet today is someone that very early on I heard if you want to learn about wealth you need to talk to this woman.
0:52.6	So today we are going to go in a lot of different directions,
0:54.8	but I know it will bring value to you.
0:56.2	So with that, let's get into my conversation
0:58.3	with Linda McKissick.
1:07.0	This new podcast from Nova Media is coming soon. Follow the show to be instantly notified when the first episode premieres. I am so excited to share this. You all know I am an avid learner and I am
1:29.5	constantly looking for the edge I can find through new knowledge and incredible mentors,
1:34.5	which is why I absolutely love Masterclass so much.
1:37.9	I've taken the art of negotiation with Chris Voss, which has been instrumental in my ability
1:42.3	to communicate
1:43.0	and negotiate at a high level.
1:44.4	I've learned from James Clear on how to leverage small habits
	...

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