4.9 • 1.4K Ratings
🗓️ 13 March 2023
⏱️ 27 minutes
🧾️ Download transcript
If you're ready to break free from financial insecurity and start building the stable, long-lasting financial future you've always dreamed of, join us for an episode packed with valuable information and techniques for achieving financial success.
Todd Toback is an expert in wealth creation and will provide valuable insights into how your income thermostat affects your financial success in real estate and any business. He'll guide you through building and maintaining wealth and share practical tips on setting realistic financial goals and developing effective strategies.
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Show notes:
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Resources:
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| 0:00.0 | You're lessening the wholesaling ink episode number 1166. |
| 0:04.6 | So the other part about this where it's going to force you to raise your income thermostat is you need to change your environment. |
| 0:10.8 | Okay, the single best way to change your income thermostat and get uncomfortable is to be in an environment where people are making more money than you. |
| 0:23.3 | This is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today. |
| 0:36.1 | Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success to enable you to duplicate their results. |
| 0:44.0 | You're listening to wholesaling ink, the only show dedicated to making you a fortune in wholesaling. |
| 0:52.0 | So today we're going to talk about wealth mindset and this topic is so important because if your mindset is not correct, I don't care what business you're in and especially real estate wholesaling, you are never going to get over the hump. |
| 1:07.4 | And I can tell you what though if you are willing to release your breaks, okay, and listen to what I'm telling you today, you are going to be running circles around your competitors. |
| 1:17.9 | Today seems like you know what Todd this mindset stuff, you know, let's just get to the nuts and bolts. Let me tell you this is the nuts and bolts. |
| 1:26.6 | This is the skeleton, the bones, the foundation of making money. So so so important. So today I'm going to talk about the wealth mindset and real estate investing. |
| 1:39.2 | So one of the things that I'm going to talk about today is the income thermostat and that's going to be my first point. |
| 1:44.8 | But but before I jump into the show, I'm going just to give a shout out to Omar Zalum and he's in the wholesaling ink Facebook group total rock star locked up his first owner finance deal. |
| 1:58.5 | Okay, if you don't know what owner finance deal is, that's means where you negotiate with a seller for them to be a bank with little hopefully little to know money down, right. |
| 2:07.4 | There's no banks. There's no credit checks. You don't have to prove your income. It's just so so awesome. |
| 2:11.9 | And I'm a big fan of not only whole wholesaling real estate, but I've also holding real estate for the long term. It is one of the ultimate wealth builders. |
| 2:20.3 | And so Omar Zalum awesome job putting that in the wholesaling ink Facebook group love your contribution. |
| 2:27.2 | By the way, if you want to join the wholesaling ink Facebook group, go ahead and go to wholesaling ink group.com wholesaling ink group.com that'll direct you to the Facebook page. |
| 2:36.8 | And go ahead and say at Todd towback love to connect with you in that group and meet you in here about your good news. So thanks Omar. |
| 2:45.0 | All right. So let's jump into that income thermostat. So the income thermostat is basically the first level probably one of the most important things that you need to focus on when you are getting involved in being an entrepreneur. |
| 3:03.3 | So what I want you to do is I want you to think back to when you were, you know, 15 and 16 years old. And so for me, that was a while ago, you know, some of you 20 somethings maybe it wasn't that long ago, but I could tell you what I remember I got my first real job. |
| 3:20.8 | And I was a lifeguard on the beach in Long Beach, New York, which is one of the best beaches on the planet. |
| 3:26.5 | But I remember that prior to that, I was working as a bad boy in a grocery store, making 425 an hour at the time at sea town in Atlantic Beach. |
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