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The Art of Passive Income

Trading Dirt For Paychecks—It Doesn’t Get More Simple Than Land

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

🗓️ 11 June 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

With this business being 90% automated, we have a lot of free time on our hands… should we feel guilty about it? Scott Todd takes the helm as team geek talks about SURVIVOR'S GUILT in this week’s Round Table discussion! Join Scott and this week’s cast of geeks: Mimi Schmidt Aaron Williams Erik Peterson Scott Bossman Tate Litchfield ...as they answer these questions: What did your Monday look like? Have you ever had survivors guilt and if so, how do you get over it? Should we be working harder? Do you feel weird when people ask what you do? Mimi—when she was working her 9-5 she wouldn't get a break at all because someone was always needing something from her but now she takes time to stop and smell the roses… and pull a few weeds. And still now, even on a leisurely day, Mimi still works on the business from her laptop… but with her feet kicked up. Erik—Survivor’s guilt for Erik is when he sees his peers working their 9-5’s and are unable to attend their kids functions Aaron—Went for a motorcycle ride to look for a cheesecake factory… NO guilt there!  Scott B—A busy day for him consists of working 2-3 hours at Panera Bread. And a leisure day is spent on the deck with his feet kicked up and an iced coffee in hand, waiting for that wire on a cash sale to come through, with his dog by his side. Tate—Someone hold his beer while he reels one in! He feels the guilt when he rides his bike over the freeway every morning and sees the bumper to bumper traffic, but he offsets that guilt by feeding the homeless. And, Tate admits that he is now broken and unemployable, thanks to land. This topic all came about because Scott Todd spent all day Monday by the pool relaxing and reading a book! He completely shut the world out and lived in his own cocoon… and he was ok with that until about 3:30 when the guilt sat in. So the question is, should we feel that survivor's guilt? It's the lifestyle we built, so how do we overcome the guilt associated with kicking back and enjoying life? “When you have that passive income that we create, You can create the lifestyle you want.” And, did Aaron ever find the Cheesecake Factory? Listen in for all the answers... TIP OF THE WEEK Mimi: Check out the website TopoView for maps dated back to the 1800's up to the present. If you click on the word 'show' it will put the old map and you can move the transparency bar up and down to see how it changes over time. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

Click on a timestamp to play from that location

0:00.0

Do you have solo economic dependency? That is, if you aren't working, you aren't making money.

0:06.6

The Art of Passive Income Podcast is the solution. Discover passive income models so you can

0:12.9

enjoy life on your own terms. Let freedom ring.

0:17.6

Hey, everyone. Welcome to the Land Geek podcast, the Art of Passive Income. This is the Roundtable Edition. And we have a very fun topic for you guys today. Mark is off today. So it's just the six of us. We got Mimi Schmidt. We got Eric Peterson. Scott Bossman's on the phone, Bearland, Aaron,

0:40.6

and of course, Tate Lishfield and me, Scott Todd. So we're going to jump right into today's topic.

0:47.6

Today's topic is something that I think what might be pretty unique for us land investors, maybe other real estate investors

0:57.4

too, or heck, maybe people outside of even, you know, what we do. But I was dealing with a problem

1:03.3

yesterday. Yesterday, I had a very leisure day. It's a Monday. Yesterday was a Monday. Very leisure day.

1:10.7

I'll tell you about my day later on

1:12.6

in the podcast after we've gone around everybody else. But it was very leisure. I felt guilty.

1:19.2

I had like survivors guilt. And I literally got on the on the phone. I started boxing Mark like

1:26.0

Mark. Do I am I missing something here? I feel guilty.

1:30.5

This can't be, you know, like, like, I feel guilty. Shouldn't I be out there like slaving away?

1:37.2

And then he reassured me with what his day looked like. And so we thought we would just randomly,

1:43.1

which was really good, by the way, and we thought we would just randomly which was really good by the way and we thought

1:45.2

we would just randomly pull the group and see what did your yesterday look like so and wait so

1:54.3

three questions what did your yesterday look like have you experienced survivors guilt and if so

1:59.6

what do you do to just move on?

2:01.5

Like, don't you feel like you should be working harder?

2:03.9

Mimi, you're up first.

2:04.9

Go ahead.

2:06.5

I always feel like, yes, there's more that I can do.

...

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