66: Wire Your Mind For Wealth
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 15 January 2016
⏱️ 41 minutes
🧾️ Download transcript
Summary
#66: Learn some broad approaches to getting more money for a down payment so that you can buy income property sooner.
Keith also looks at methods of acquiring passive income other than real estate investing.
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.
Listen to this week’s show and learn:
02:14 Real estate can build massive passive income - this is buy-and-hold real estate, not flipping or wholesaling.
03:36 Why you need to buy time, not sell time.
07:34 Focus on increasing income, not cutting expenses.
10:00 How to approach the classic “time vs. money” conundrum.
12:04 Here’s how much the average American investor lost last year.
15:28 Keith is adamant that we still have inflation today.
16:28 Here’s how wealthy people choose their friends.
24:51 The next episode features an Atlanta Market Profile.
26:28 “How To Win Friends and Influence People”
32:12 Your network determines your net worth. Mastermind groups.
33:09 This is what broke people (broke mindsets) say.
34:03 Want to accumulate liquidity faster? Don’t get a part-time job. Do this instead.
35:58 Passive income from real estate versus: patent royalties, trademarks, original works of art, stock dividends, etc.
37:40 When you were a kid, your parents never told you, “Don’t be broke.”
Resources:
“How To Win Friends and Influence People” - The classic Dale Carnegie self-help book
Business Insider article quoted: BusinessInsider.com/rich-people-choose-friends-2014-12
MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.
NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.
GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.
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Transcript
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| 0:00.0 | Get Rich Education is brought to you by Norrata Real Estate Investments and Mid-South Homebuyers. |
| 0:10.7 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires |
| 0:22.7 | than anything else and can provide you with more wealth and happiness than you ever thought |
| 0:28.2 | possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith |
| 0:36.2 | Weinhold. |
| 0:42.7 | You're listening to Get Rich Education. |
| 0:44.1 | This is episode 66. |
| 0:45.0 | Welcome in. |
| 0:49.9 | I'm your host, Keith Weinhold, and I'm back in my seat this week because I've got that drive to make you more successful than me faster than me. With listeners now in 151 nations, |
| 0:58.8 | Iheart Radio, iTunes, Android, Stitcher, Spreaker, SoundCloud, and at get richeducation.com, |
| 1:06.7 | have you wanted to invest in more passive income property, but you don't have the money for a down payment to buy all the property that you want? |
| 1:14.1 | You know, I get that question from a lot of listeners. Most recently, listener Jason Kendall in Rancho Cucamunka, California. Basically the question being, how do I get the down payment money faster in the first place, all right? I'm going to |
| 1:29.0 | answer that later. California loves get rich education as well, and I'm so grateful to have you. |
| 1:34.7 | I mean, California is the most populous U.S. state, but even on a per capita basis, I see where |
| 1:39.9 | my listeners come from, and every week I am just overwhelmed. So thank you, California. We're going to |
| 1:45.8 | talk about some mindset and strategy for just that on the show today, so you can get that |
| 1:50.2 | passive income sooner from turnkey real estate if you have that down payment in the first place |
| 1:55.8 | sooner, okay? But first, you know, playing a game worth winning, it means doing the right thing and then doing |
| 2:03.4 | things right. Learn about something that matters, you know, something that's going to have an |
| 2:07.3 | impact on your life. What's that right thing? And that is real estate investing. It's something |
| 2:12.6 | that can build massive, I mean massive passive income. I want to make you a successful real estate investors |
| 2:21.0 | such that you have massive passive income, okay? Now, but we're not talking about that |
... |
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