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The Art of Passive Income

Preparing For A Recession—Setting Yourself Up For An Advantage

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5681 Ratings

🗓️ 21 August 2018

⏱️ 51 minutes

🧾️ Download transcript

Summary

In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by: Tate Litchfield Erik Peterson Aaron Williams Mimi Schmidt Mike Zaino Scott Todd There has been a lot of talk lately about an impending recession. We are in the longest real estate recovery in history, but is another one inevitable? Most likely, but the question is, when? It is a perpetual cycle that looms over us and sooner or later it will happen, you can't predict when but you can watch for the signs and prepare. Everyone shares: How they were affected by the last one in 2008 Precursors to watch for How to prepare so we are sitting pretty when it rears its ugly head Also, find out everyone's thoughts on the impact it will have on the land business. The last topic up for discussion is PROCRASTINATION. We all do it, it’s very natural. The reason we procrastinate is because we are avoiding some type of mental pain. But, how do you get over that mental block? Everyone shares how they tackle procrastination, a few ways mentioned are: Outsourcing the things you can Theming Have a daily game plan Listen in for all the details! When you're procrastinating from something you know you're probably going down the path that ultimately you should be going down. It’s a clue that, hey, here's some work that you should be doing. -Scott Noteworthy resources mentioned: YouTube video, How The Economic Machine Works and the book, Principles: Life and Work by Ray Dalio. The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage by Mel Robbins. TIP OF THE WEEK Mark:  Check out, RocketBook—Notebooks of the future. You write on it like you would in a notebook but then you take a picture with the app and it uploads it into the Cloud, or email, Evernote, Dropbox, or Google Drive. It can even transcribe for you. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0

Do you have solo economic dependency?

0:03.2

That is, if you aren't working, you aren't making money.

0:06.6

The art of passive income podcast is the solution.

0:10.3

Discover passive income models so you can enjoy life on your own terms.

0:15.2

Let freedom ring.

0:17.6

Hey, it's Mark Podolsky, The Land Geek, for their favorite niche real estate website,

0:22.4

www.w.com.

0:25.3

And on today's roundtable podcast, we've got the Big Papa.

0:31.5

I love it when you call me Big Papa.

0:33.5

Tate Litchfield.

0:34.2

Tate, how are you?

0:35.3

Great.

0:35.9

Happy to be on the show again.

0:39.0

Great, great. We've got Eric the technician Peterson. Eric, how are things? Things are good. It's cool starting back up

0:47.0

and summer's coming to a close. So it's kind of a transition time, but all is well.

0:53.1

I will tell you that my wife and I went through a tough week

0:56.1

last week back to school. And then we started comparing notes with like all our friends. They all

1:02.5

hated each other and their kids back to school week. Like the stress went from, you know,

1:07.4

one from summer all the way up to 10. Like, it was crazy.

1:11.3

And people are like throwing elbows at Staples.

1:13.2

Like, no, that's my binder.

1:14.4

No, that's my notebook.

...

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