How to Transition from Active to Passive Investing While Running a Business with Joe Fairless

Entrepreneurs on Fire

John Lee Dumas

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4.8 • 4.1K Ratings

🗓️ 7 May 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Fairless, Co-founder of Ashcroft Capital, manages 2.7B dollars in apt communities, founder of the longest-running daily real estate podcast, and has a mantra live to give.

Top 3 Value Bombs

1. The key to successfully shift from active to passive wealth is to leverage partnership. Find the right partners that are doing the things that can help you create and grow your wealth.

2. Rethinking time and money starts with how you value your time as much or more than you value your money. You will then be able to flip the script on your processes and be more focused on passive income.

3. Time is the most precious resource we have and as we are actively building our business, it is important to be mindful of the time we are investing into and to also have something working on the side to help us create passive income while were building the active income.

Multifamily Investment Firm - Ashcroft Capital

Transcript

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0:00.0	Boom. Shake the room, Fire Nation. JLD here and welcome to Entrepreneurs on Fire, the only
0:07.5	daily show interviewing the world's top entrepreneurs seven days a week. Today we'll be breaking
0:11.8	down how to transition from active to passive investing while running a business. So drop these
0:16.7	value bombs that I brought to Joe Fairless into Eofire Studios. Joe is the co-founder of
0:20.8	Ashcroft Capital, manages 2.7 billion in apartment communities, founder of the longest
0:25.8	running daily real estate podcast and has a mantra, live to give. And today,
0:31.4	Foundation will talk about why entrepreneurs struggle to build true passive income, the secret to
0:36.5	shift from active wealth to
0:37.9	passive wealth, and rethinking both time and money and how it can unlock freedom. And oh,
0:42.9	so much more. And a big thank you for sponsoring today's episode goes to Joe and our sponsors.
0:48.9	Is now the time to grow a successful business? Attend the world's highest rated business
0:53.6	growth workshop
0:54.2	taught personally by Clay Clark and now featuring football star Tim Tebow and President Trump's son,
1:00.0	Eric Trump at ThriveTime Show.com slash EO Fire. Again, request life-changing tickets today at
1:06.6	Thriveetime Show.com slash EO Fire.
1:17.1	Joe, say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with. Looking forward to our conversation. And I'd say,
1:23.3	you know, one piece of advice I hear that I don't agree with is how you do one thing is how you do
1:27.5	everything. And I've found that that's, from my experience, that's not the case. Because I am,
1:35.9	when I'm into something, I'm into it and I'm all in. But if I'm not into something,
1:40.8	I'm just not going to, not going to really participate much and put a lot of focus in it.
1:47.5	So I don't agree with that advice that is commonly said. I'm the same way. I am really good at like
1:54.8	two things in this world. And I'm really bad at tons of things in this world, period, end of
	...

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