Daniel Alonzo: The Power of Passive Income

Redefining Wealth with Patrice Washington

Patrice Washington

Education:self-improvement, Education, Self-improvement

4.9 • 1.6K Ratings

🗓️ 8 November 2018

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

About our Guest: Daniel Alonzo is the host of the Wealth on the Beach Podcast and has a forthcoming book by the same name. He is an entrepreneur and media personality who speaks in front of thousands each year sharing his message of creating a life of passive income. After a sports injury, Daniel started working at a major financial services company at age 21. By the time he was 28, he had saved his first million dollars. Daniel has a passion for creating his own reality by focusing on first thinking about what he wants to achieve and building systems to back it up. Episode Summary: It is possible to achieve the dream of freedom of time and money through passive income. Daniel is a living example of this. He believes that his success comes from his singular focus and desire to be the best at what he does. He created a duplicatable system to recruit and train others to join his business. Now his passion is helping others to achieve the success that he has had. CLIFF NOTES Daniel and his wife were able to achieve financial independence relatively young through passive income Daniel stumbled upon a life changing Jack Canfield tape in an untraditional way when he was 14 years old The difference between direct sales and MLM and why MLM gets such a bad rap Daniel made his business his passion, and he did everything to become the best version of himself To achieve passive income Daniel put together a duplicatable process for his agents and sold a dream. Building leaders is the key. Quotes from the show: “The true power of passive income is the independence and freedom it creates.” - Daniel Alonzo “You have to ask the world for the things that you want.” - Daniel Alonzo “When I started to feel I was making a major difference in people's lives, I gave everything I had to keep doing that.” - Daniel Alonzo “I work because I want to not because I have to.” - Patrice Washington "People are so focused on earning more through active income that they don't realize the possibilities of passive income” - Patrice Washington Daniel’s Redefining Wealth Rapid Wisdom Questions Define Success: Followship. Any great cause has people who follow. You have to be a great follower before you become a great leader. Define Wealth in 3 Words or Less: Freedom, family, and love. One Book that Has Redefined How You See Wealth: Rich Dad Poor Dad Fill-in the Blanks… “My name is ___ and the truth about wealth is ___”: “My name is Daniel Alonzo and the truth about wealth is being rich in friendships.” Links: Daniel Alonzo Wealth on the Beach Podcast Daniel Alonzo on Instagram Chicken Soup for the Soul The Aladdin Factor Rich Dad Poor Dad Become an Official Purpose Chaser: http://www.iamapurposechaser.com Join Patrice’s Pod Club: http://www.patricespodclub.com To check out ALL of our past guests + episodes: www.patricewashington.com/Listen If you have questions about booking Patrice or sponsoring the podcast, email us at info@seekwisdomfindwealth.com. Find me in Social Media: Our podcast hashtag is #RedefiningWealth Instagram: @SeekWisdomPCW Twitter: @SeekWisdomPCW Facebook: @SeekWisdomPCW YouTube: @SeekWisdomPCW

Transcript

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0:00.0	Most of us were programmed to go get a job versus saying let's go build a process.
0:22.0	You are listening to the Redefining Wealth Podcast with Patrice Washington. In today's episode I sit down with author and
0:24.7	entrepreneur Daniel Alonso. He believes that the true power of passive income is
0:30.1	the independence and freedom it creates.
0:33.0	Hey there, this is Patrice from Patrice Washington.
0:40.0	Where we chase purpose not money.
0:43.0	Welcome back to another episode of redefining wealth.
0:46.1	If you are new to this community,
0:48.0	then your first big welcome from me,
0:50.4	your host Patrice.
0:52.0	I am super excited to have you here and to invite you into this
0:56.1	community where we believe that wealth is more than money and material
0:59.7	possessions. We believe that wealth is truly about well being and I am so excited to have
1:05.3	someone who is well known in his industry, multi-millionaire who's created a lot of
1:11.0	wealth but what I admire most about him is his grounded perspective.
1:18.3	Like this guy truly believes in well-being.
1:21.3	My family has sat down at lunch with his family and you can just see it all over his
1:23.3	family and you can just see it all over his face and I love to introduce you to
1:28.2	people like that. I have to give a shout out to the Purpose Chasers and my OG listeners over in the Patreon community
1:35.2	that is the official community of the Redefining Wealth Podcast.
1:39.6	And I'm giving them a shout out in particular today because this episode is actually made possible by them.
1:46.1	This episode in the next few all came out of me asking them in that community, what do you want, what do do you need what is going to help you live your life's purpose and find fulfillment and earn more without chasing money and they gave me a list of topics and as you know if you're familiar with this community
	...

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