Passive Income: The Right Way to Secure Your Future | James Malinchak DSH #755

Digital Social Hour

Sean Kelly

Self-improvement, Education

5.0 • 1.1K Ratings

🗓️ 25 September 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Looking to secure your future with passive income? Tune in now to the Digital Social Hour podcast with Sean Kelly and special guest James Malinchak! 🚀 Dive into a conversation packed with valuable insights on how to achieve financial freedom the right way. James shares his secrets on hard money loans, the real estate market, and the art of peace of mind. 🏡✨ Discover why passive income is more than just a myth and learn how to structure your investments for consistent returns. Don't miss out on this eye-opening discussion about mastering your lane and creating multiple income streams without spreading yourself too thin. 🎯 Join the conversation and watch now to unlock insider secrets that could change your approach to financial security. 📺 Hit that subscribe button and stay tuned for more inspiring stories and expert advice on the Digital Social Hour with Sean Kelly! 💡 CHAPTERS: 00:00 - Intro 00:25 - James Malinchak 02:11 - Price of Peace of Mind 06:21 - Passive Income Strategies 08:37 - Multiple Streams of Income 11:27 - Shaquille O'Neal Story 12:40 - Becoming a Motivational Speaker 14:27 - Sean's Health Scare & Collaboration with Gary 20:50 - Sean's Journey to Health 24:10 - Importance of Relationships in Business 27:30 - Running Your Business by Asking Questions 29:01 - Understanding Ego in Success 32:21 - Reprogramming Your Subconscious Mind 34:59 - Humility and Serving Others 36:05 - James’s Final Message 37:10 - Outro APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com GUEST: James Malinchak https://www.instagram.com/jamesmalinchak/ https://bigmoneyspeaker.com/ www.youtube.com/@JamesMalinchak SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I do real estate and they just pay me a great interest rate.
0:05.0	I want peace of mind man. Wow. I don't want to be tied down.
0:09.2	That's why I teach my students, you know, what's the price for peace of mind? Pay everything off. They say, you know, there's good debt and bad debt. I don't want to get spiritual, but there is no good debt or bad debt. In the Bible it says that the borrower is the slave to the lender.
0:23.3	Wow.
0:23.7	All right guys, Vegas Local, James Malanchak here today.
0:28.9	Thanks for coming out, man.
0:29.9	Oh, good to be here, man.
0:31.4	A big fan.
0:32.4	Likewise, I didn't even know you lived here yeah until you hit me up I didn't know that you were down here and I was honored man I watch all your clips on Instagram
0:40.0	Hell yeah we were talking we were talking about real estate pricing out here 20 years ago. Oh crazy.
0:44.4	Bought a house for 250,000.
0:45.8	She wish we would have had land back then. Yeah. Like some of the folks bought land they just held
0:51.3	onto it and now they're selling it for crazy
0:53.2	knowing's a dollar just the land the dirt. That's crazy I saw some land sell on the
0:56.6	strip for like 20 mill a couple months ago. Unbelievable. Nuts. Unbelievable.
1:00.3	There are as riches and dirt. Yeah.
1:03.0	Is real estate a big investment vehicle for you?
1:06.0	No.
1:07.0	Because, well, physical real estate is not.
1:10.0	Because I have a philosophy.
1:12.0	I want everything peaceful. I want peace of mind. I don't want to be handcuffed by fluctuations and unknowns. So I'm in real estate, but I just lend. I do hard money loans for people that go do real estate and they just
1:23.9	pay me a great interest rate I want peace of mind man wow I don't want to be
	...

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