Cashflow Diary™

Latest Episodes:

The Incredible Story of Tenacity and the American Dream May 06, 2019

Show notes

🔍 GET THE STR INSIGHTS THAT CREATED 7-FIGURE HOSTS
After managing 400+ units and helping STR hosts in 17 countries achieve $800+ monthly net income per bedroom, I'm sharing my best strategies - free.

Every Monday and Thursday, you'll get:
✓ One actionable STR automation strategy
✓ Data-driven market insights that matter
✓ Implementation frameworks that work
✓ Real case studies from our 20,000+ community

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Ron Coury is a former casino dealer and a realtor, as well as a partner in restaurants and gaming bars, major graphics and glass companies, and several automobile dealerships. He is a board member of the Las Vegas Metropolitan Police Department Foundation and bestselling author of Tenacity: A Vegas Businessman Survives Brooklyn, the Marines, Corruption and Cancer to Achieve the American Dream: A True Life Story.

Podcast Highlights

Who is Ron Coury?

When Ron was 12 years old he went to your average small school in Brooklyn and his parents gave him a wooden shoe shine box for Christmas. Not only did it held him avoid being punished in school for not having shined shoes, Ron started shining shoes for $0.10 before school. His experience making money when he was young led him to the belief that he was niche finder and when you find a niche you can do better than others, you should take a shot at it.

Ron was drafted to fight in the Vietnam war after he dropped one of his college classes, he was trained for war but never deployed. That’s how he ended up in Las Vegas, he was trained in the area and really enjoyed the city so he never went back to New York.

One of the major concerns Ron always had when he was young was what would happen if he couldn’t work due to cancer, which happened to run in his family. This led him to look for ways to earn money and be in business for himself. After 4 years in the casino, he became a realtor during the day while maintaining his dealer job at night, and this allowed him to accumulate enough money to buy his first tavern.

Asking The Right Questions

Ron lost his dad to cancer as well as his dad’s three brothers and sister, which led him to the thought that “how do I make money if one day I can’t work anymore?” and building a business was the logical conclusion.

Tenacity and Overcoming Obstacles

Everyone encounters obstacles in business and life. The Marine corps gave Ron the tenacity to not accept defeat easily. When he encountered an obstacle, Ron looked at it as a challenge to overcome. Even death threats were dealt with in a straightforward way.

Each business that Ron started allowed him to see the need for other businesses. Being an observational entrepreneur has been key. Ron saw a need and then figured out how to fill it.

Time management and hiring the right people has been critical to Ron’s success. He made enough time in his life to get all the important things done by being very intentional.

Don’t be a self defeatist. Many people don’t pursue their dream because they can’t do it. You can’t hit the baseball if you don’t swing the bat. Not having the money isn’t a reason to not do something, there is always a way.

What was your overarching goal?

For many people the goal is some amount of wealth or net worth, for Ron that was never a consideration. He was always looking for new challenges to stay interested which is why his businesses were so diversified. The challenge to build something new and do it well.

Making Mistakes

You are going to make mistakes, that’s unavoidable. You can’t just let them get the best of you. Not every venture Ron began was a success. Even when one of his businesses failed, Ron didn’t let that dissuade him from starting his next business.

Reference: Tenacity: A Vegas Businessman Survives Brooklyn, the Marines, Corruption and Cancer to Achieve the American Dream: A True Life Story, Ron Coury

Ron’s Takeaway

Live your life by certain guidelines. There is never a wrong time to do the right thing. If you have an idea, don’t hesitate to show it to people and bring on partners that can help and that you trust. Don’t be afraid of making a mistake, mistakes don’t mean you fail. You adapt and improvise, and believe that failure is not an option.

Links:

www.roncouryauthor.com

Tenacity on Amazon

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Are you tired of working harder instead of smarter in your STR business? Here's a wake-up call: The most successful hosts aren't grinding 24/7 – they're leveraging a proven formula that transforms average properties into profit powerhouses.

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

This isn't just another fancy acronym – it's the exact blueprint top performers use to:
• Generate consistent leads without burning out
• Convert browsers into eager bookers
• Maximize guest frequency (hello, repeat customers!)
• Amplify their margins while others race to the bottom

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Join our newsletter today and get weekly insights that will help you:
✓ Master the Growth Formula
✓ Optimize your listing for maximum visibility
✓ Create an irresistible guest experience
✓ Scale your business the smart way

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

Going From Homeless to Billionaire Real Estate Developer May 02, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Andres Pira is the CEO of Blue Horizon Developments and Managing Director of Phuket Condos & Homes. He is the author of Homeless to Billionaire: 18 Wealth Attraction Principles for Creating Unlimited Opportunity.

Podcast Highlights

Who is Andres Pira?

Andres is a real estate developer based in Thailand and before he achieved everything he has so far he was thinking of things in a very different way. When Andres hit rock bottom in Thailand, he was homeless and sleeping on a beach. The first time he got his hands on a self development book, it changed the way he thought about life and set him on the path to where he is now.

Whatever you want in life, make sure you create it in your mind first. When Andres first read this principle, he went out and did it just to prove that it didn’t work. Lucky for him it actually worked for him and changed his life. He started to get results by practicing the visualization principle and discovered that by self doubt is what prevents you from creating what you want. You can’t have both opposite energies in your mind at the same time.

How often have you found that solutions come in a form you are not expecting?

All problems are just opportunities in disguise, you just have to look at them from different angles. Knowledge is much more powerful than money.

We are always waiting for the perfect moment to take action but perfect moments don’t exist. You have to just take imperfect action. Every success that Andres has had has come from his taking action despite being terrified. Most people never try and that’s why they never get any results.

Why become a real estate developer in Thailand?

Andres always wanted to live in a tropical country and make his own way. When his grandfather died, Andres inherited $2000 and took a leap of faith on a one way ticket to Thailand. He didn’t know anyone but he knew that in the worst case scenario he could always go back to his family. That gave him the confidence to go take the risk.

When Andres arrived in Thailand he got a job at a hotel but due to his frivolous mindset he wasted his money and found himself evicted from his apartment. He was too ashamed at that point to go back home and reached out to a friend for money, instead of sending money he sent Andres the book that changed the way he thought of life.

He took massive action and eventually got a job with a Real Estate agency that took a chance on him. He put all his energy into doing his absolute best at the job and got promoted again and again, eventually getting to the point where he had enough money to start his own real estate company and became a real estate developer himself.

Taking leaps of faith and always striving for more is now part of who Andres is. Getting out of your comfort zone is vital. Success doesn’t mean being a millionaire, success is doing the things that make you happy.

Start with small goals so you can build your confidence and courage to accomplish bigger things.

Changes in the Real Estate Industry

Technology is making it easier and easier to reach new people and show properties, in many cases without even meeting the person because of the advent of sophisticated VR.

There are people coming from all over the world to buy properties in Thailand. Andres doesn’t believe that he would be the person he is today without being in Thailand but at the same time he’s always open to possibilities.

Whatever you want to do, you have to study the field if you want to succeed. Read about it and learn about it.

Building a Team

Behind every major success is a team. Andres’ team is the main reason he has achieved everything he has achieved.

Advice to your Younger Self

It doesn’t matter where you come from, what you have in your head and what you believe will determine what you achieve. Ask yourself what makes you happy, most people don’t really know which is why most people don’t find it.

Reference: Homeless to Billionaire: 18 Wealth Attraction Principles for Creating Unlimited Opportunity, Andres Pira

Andres’ Takeaway

You will have limiting beliefs that will tell you it can’t be done, but you can change those beliefs, it just takes time and action. You have to think, and affirm, and repeat but it won’t happen overnight. You have to take many small steps to get there. If Andres can, so can you.

Links:

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

Getting Started and Staying Started in Real Estate Investing Apr 29, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Whitney Nicely went from no investments (or strategies) to 19 houses, 19 apartment units and 7 chunks of land in less than three years all bringing monthly money to her bank account on autopilot.

She has traveled the United States speaking on stages, teaching her simple strategies, and meeting with other successful real estate investors- and still buying houses the way she teaches others.

Since 2016, Whitney has led and trained hundreds of future real estate rock stars to grow their portfolios, collect checks and achieve financial freedom. 100's of real estate newbies are securing leads, signing deals and scaling their dream incomes through the First Deal Done Fast Program.

Podcast Highlights

Who is Whitney Nicely?

Whitney is a local small town girl that had a big dream to break into the good old boys club. She was born into an entrepreneurial family and she noticed that real estate investing was dominated by men. She decided to push the bounds of what women should be doing and what being a real estate investor means.

Why did you choose real estate investing?

Whitney’s mom was an old fashioned real estate investor and was the inspiration, in a way, for her to try it out. Instead of showing her the ropes though, she taught Whitney to stay started and learn for herself. She gets more done by dealing with the things that are right in front of her instead of the things she could worry about that probably wouldn’t happen.

How did you go from girl scout cookies to real estate?

Whitney was raised by people with the mindset of “if you want something, go out and do something.” She started her career flipping furniture, moved on to flipping dump trucks, and graduated to real estate after helping her mother flip a rental house. This is where she discovered her love of the world of real estate investing.

How difficult was the transition?

It wasn’t very difficult at all. You start with something small and you grow into more zeros and commas. Most people can save enough money each month to invest in real estate. Give yourself permission to move forward.

Did being a fourth generation entrepreneur help you growing up?

Being in an entrepreneurial family has both advantages and disadvantages. Whitney has always been very comfortable in the world of business, but it also comes with tremendous pressure for her to not fail.

Whitney didn’t jump into the deep end of real estate investing right away, she worked four jobs before she bought her first property. Go slow and steady, and when you are ready, pull back on your time at your other job when you need to.

Can anyone who wants to, do this business?

Everyone has the same problems. There are opportunities everywhere and anyone can get started by starting small.

Starting something like real estate can seem scary from the outset. When you focus on your seller and buyers, that takes the pressure off you. Your goal in this life should be to help as many people as you can, keep your efforts small, personal, and smooth.

Why shouldn’t we talk to realtors?

Realtors are in the service business of helping people who don’t have the time to do the research themselves. The best agents are investors, and the best investors don’t have a license. Agents are necessary, but for investors, this is not the best option.

If you want to get started, stop watching television. You will instantly have three more hours each day for you to get out there and make some money.

What does your team look like?

Whitney has an accountant and a lawyer that takes care of her main operations, but Whitney takes care of the people side of the business herself. You don’t need a team to succeed.

You don’t need money to start, you need a contract. After you get the first deal done, the rest becomes easy. You don’t need an LLC or a website to get started.

Why aren’t more people doing this?

People’s pride is stopping them. Adults have seen their friends and family fail, and their pride is preventing them from even trying because they are afraid.

Whitney’s Takeaway

When Whitney went to her first real estate boot camp, she talked to her boyfriend who declared that she had wasted her time and it was never going to work. Even after her initial success in the first year, he continued being negative until she broke up with him. If you have a negative person in your life telling you it’s never going to work, tell them to sit down and watch.

Links:

whitneynicely.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

Consistency Beats Intensity, Finding Abundance With Real Estate Investing Apr 25, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

In 2015, Paul Thompson wanted out. His corporate office had become a suffocating cell. Paul decided to start buying rental houses, build passive income and break the chains of Corporate America. He was so successful, he secured 20 deals in his first 18 months of investing. Since that time he has acquired more than 2 dozen rentals without bank financing.

Now he teaches others how to raise money from regular people that have some funds to invest. In addition to coaching others and still investing himself, Paul hosts a podcast to educate others. Ready Investor One offers tips, hacks, insights and more for listeners interested in creating opportunities for passive income. “Level Up Your Life through real estate investing.”

Podcast Highlights

Who is Paul Thompson?

Paul was a normal average person working in corporate America trying to climb the corporate ladder. Eventually he realized that the ladder he was climbing was against the wrong wall and needed to find a way out. He started looking for way to replace his income and considered a lot of opportunities including a new job and buying a franchise, but he decided to go down the path of real estate investing. He purchased 18 properties in the first 18 months, but took the process one step at the time.

Real estate investing can be uncertain but it can be done with less risk than starting a business.

Neural science has proven that to make any lasting change, you have to have one of three things: you have some sort of an epiphany, you change your environment, or you take baby steps. For most people they need the epiphany which is what happened with Paul. He realized that the freedom to choose what he does with his time was what he really wanted and had to do something to make that a reality.

Teaching Children

Kids do what they see, not what they hear. Paul wants to be an example for his children and for them to remember the time he spent with them. Kids don’t really care about what you’re doing for income, they care about how much time you spend with them.

Real Estate Investing Day One

Paul was actually laid off from his job which is usually quite a rough event in someone’s life, but for Paul it was the fourth happiest day of his life after his wedding and his kids birthdays. He had already been planning for the day when he would put in his resignation so he was quite ready by that time.

One of the very first influencers that Paul had found was J Massey and one of the things that J talks about a lot was private money, so that’s what Paul focused on at first. He met a local wholesaler and a private money lender and managed to put a deal together that made sense for everyone involved.

As Paul has expanded and gotten more savvy his criteria has gotten more strict but finding the right kinds of properties has actually gotten easier.

New Ways Of Thinking

Paul has codified his mindset around money. Most of the things that we’re taught about money is wrong. You’re taught to be an order taker and to finance all your consumer activities. We hear the cliche all the time that time is money, but only people who are not entrepreneurs think that way.

You have to switch your mindset and recognize that the money isn’t in the time, you use your time to set up systems that scale and separating your time from your money. When people ask Paul how he makes money he tells them he doesn’t make money, his money makes him money.

Paul has found his zone of genius is in taking information and breaking it into smaller pieces that allow other people to make transformations in their lives.

Ready Investor One

Real estate investing is a game and Paul teaches listeners how to take the individual approach and how to invest in themselves and in things that pay for their lifestyle. Paul is also a child of the 80’s so the all the references in the book really resonate with him.

Investing in more than money, you should always be investing in yourself. The more you put in to your own skill set, the more you will get out of it.

You also have to develop strong relationships and upgrade your friends. They are probably following the same mindset that doesn’t work, get around other people that are on the same path as you and have some interesting conversations.

Paul’s default behaviour is to spend the first few hours of each day investing in himself and sculpting his internal monologue and the story he tells himself. Reading more and meditation are big components of upgrading yourself. The final piece of the puzzle is exercise, even a little bit of exercise can allow you to be more present in your life.

Paul’s Takeaway

Choose your path, either investing in the stock market, buying property or starting a business. Those are the fundamental three paths to freedom. Then start small with the most fundamental baby steps towards that. Measure one thing only: how many offers you are making. Everything that is in your way is your task. Track for 100 days one step that you are doing consistently. Consistency beats intensity. When you take a step, give yourself a checkmark. If you never miss twice, you will find yourself at a place of abundance in five to ten years.

Links:

pauldavidthompson.com/cashflowdiary

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Join our newsletter today and get weekly insights that will help you:
✓ Master the Growth Formula
✓ Optimize your listing for maximum visibility
✓ Create an irresistible guest exper...

Turning The Great Bubble Burst To Your Advantage - Replay Apr 22, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Harry Dent is the Founder of Dent Research, Editor of the FREE newsletter Economy & Markets, and the author of the new book The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich. He received his MBA from Harvard Business School and was a successful consultant to Fortune 100 companies at Bain & Company. Harry Dent has also spent much of his career speaking to executives, financial advisors and investors around the world.

He’s appeared on “Good Morning America,” PBS, CNBC and CNN/FN. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is also a regular guest on Fox Business.

Podcast Highlights

Who is Harry Dent?

Harry started out by working for Fortune 100 companies after college and later went to Harvard Business School which is where he really discovered his true talents of seeing the big picture. thinking on his feet, and being able to argue very well. While consulting, Harry learned nearly everything there is to know about demographics.

What was it that clued you into what you were meant to do?

Harry’s experience in Harvard debating real world business scenarios is where he learned that he was really good at communicating.

Some people know what they want to do when they are 14, and some people like Harry discover what they are meant to do through a series of fortunate accidents.

Leaving Bain & Company was like jumping off a cliff, but entrepreneurs have to take calculated risks on top of having a vision for the future.

Where did you develop the confidence to make the jump?

You have to take risks intelligently. Start your business on the side, and make the transition step by step. Test everything and don’t gamble your whole enterprise on one thing.

What is it about demographics that gets you so excited?

Prior to President Ford, there was no middle class. With the creation of the middle class and the advent of the baby boom, demographics became incredibly important.

Demographics give you an insight into the behaviour of very large groups of people. If you’re taking a risk, you’re going to have a better chance of succeeding if you take that risk on a trend that is growing instead of declining.

Marketing is always the biggest initial challenge of starting a business, not the technology.

What do you think about trends in real estate?

Nursing homes, funeral homes, and hospitals will all see upswings in terms of real estate value.

Harry predicts another big financial crisis coming, but he believes it’s going to be a major opportunities for entrepreneurs.

How can we see bubbles coming and what can we do about them?

You have to have a different strategy for each season. When bubbles occur, they don’t see them because they are getting something for nothing.

Bubbles rise exponentially, come to an explosive climax, followed by a tremendous crash. You can’t keep a bubble going forever. As high as they go, the crash twice as fast. It’s better to get out early, rather than late. When things go down, the opportunities open up at the speed of light.

The businesses that hunker down at the top of the bubble with cash in reserve will find themselves in a solid position to pick up assets at a deep discount.

Where do precious metals come in?

Harry told his clients to get out of gold and silver at the top of the market. Gold is an inflation hedge, but this bubble will be deflationary.

What are the four indicators that you looked at to see the crash?

There was a geopolitical cycle that peaked in 2000 and doesn’t finish until 2020. The second cycle is the generational spending wave which peaks around the world at different times. The third is an innovation cycle that affects productivity which peaks every 45 years like clockwork. The final indicator is a scientific indicator, the sunspot cycle which is now pointing down.

All indicators are pointing down at the same time, the only other time this happened was in the early 70’s and 30’s.

When something happens that doesn’t seem to fit, Harry will dig until he identifies the cycle that’s responsible.

Reference: The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich, Harry Dent

Harry’s Takeaway

Sell any financial asset that is not strategic to your business or life and create as much cash as possible. The people will ample cash reserves and cash flow will be in the best position to take advantage of the coming crash.

Links:

The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich

harrydent.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

Turning The Great Bubble Burst To Your Advantage - Replay Apr 18, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Podcast Highlights

Who is Harry Dent?

What was it that clued you into what you were meant to do?

Harry’s experience in Harvard debating real world business scenarios is where he learned that he was really good at communicating.

Some people know what they want to do when they are 14, and some people like Harry discover what they are meant to do through a series of fortunate accidents.

Leaving Bain & Company was like jumping off a cliff, but entrepreneurs have to take calculated risks on top of having a vision for the future.

Where did you develop the confidence to make the jump?

You have to take risks intelligently. Start your business on the side, and make the transition step by step. Test everything and don’t gamble your whole enterprise on one thing.

What is it about demographics that gets you so excited?

Prior to President Ford, there was no middle class. With the creation of the middle class and the advent of the baby boom, demographics became incredibly important.

Marketing is always the biggest initial challenge of starting a business, not the technology.

What do you think about trends in real estate?

Nursing homes, funeral homes, and hospitals will all see upswings in terms of real estate value.

Harry predicts another big financial crisis coming, but he believes it’s going to be a major opportunities for entrepreneurs.

How can we see bubbles coming and what can we do about them?

You have to have a different strategy for each season. When bubbles occur, they don’t see them because they are getting something for nothing.

The businesses that hunker down at the top of the bubble with cash in reserve will find themselves in a solid position to pick up assets at a deep discount.

Where do precious metals come in?

Harry told his clients to get out of gold and silver at the top of the market. Gold is an inflation hedge, but this bubble will be deflationary.

What are the four indicators that you looked at to see the crash?

All indicators are pointing down at the same time, the only other time this happened was in the early 70’s and 30’s.

When something happens that doesn’t seem to fit, Harry will dig until he identifies the cycle that’s responsible.

Reference: The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich, Harry Dent

Harry’s Takeaway

Links:

The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich

harrydent.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

Innovation, Marketing, and How to Disrupt Yourself Before Someone Else Does Apr 15, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Dr. Simone Ahuja is the principal of Blood Orange, a marketing and strategy advisory boutique with digital media capabilities, and special expertise in innovation. Headquartered in Minneapolis with teams in Mumbai, Blood Orange uses an agile and cost efficient content production framework built upon principles learned through extensive work in India. Dr. Ahuja is the author of Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth and the new book Disrupt-It-Yourself: Eight Ways to Hack a Better Business—Before the Competition Does.

Podcast Highlights

Who is Simone Ahuja?

Simone began in the traditional educational system and was originally in school to become a dentist. After finishing her schooling Simone realized that wasn’t where she wanted to end up and decided to pivot to something else. What she didn’t expect was to be afflicted by a bout of typhoid while travelling in India. By the time she recovered she decided to commit to the things that were calling her instead of just dipping her toes in the water. Simone started exploring film making, theater and comedy, teaching, and writing.

Oddly enough, Simone’s experience in dentistry prepared her quite well to deal with the anxiety of commiting to something like becoming an entrepreneur. Simone didn’t have a lot of support in her decision to walk away from what could have been a profitable career, but it turned out well. In any entrepreneurial endeavor, there will be people who tell you that it can’t be done.

Not having mental barriers and trusting herself to make it happen has been Simone’s super power. Combined with getting sick enough to make her consider her own mortality, Simone had enough motivation to commit to changing her life.

Why Blood Orange and innovation marketing strategy?

When you’re stressed or thinking too much with tension, it’s really hard to get into a flow state. Taking up improv theater taught Simone to relax her mind and enter a flow state, and that’s when things get funny. Around this time in her life, she decided to make a film about what’s changing in India and this lead to her becoming a market expert which drew a lot of attention from Fortune 500 companies. She started formulazing her expertise and made a shift from film maker to market expert and started doing consulting work.

Until Simone started working on the second TV series for Best Buy, she had still been working as a dentist part time. At that point it still felt very risky to walk away from something so reliable. By taking the leap Simone felt more motivated to create a business that sustained itself and added value.

Disrupting Your Business

In larger organizations change is very difficult and innovation takes time. Entrepreneurs have a leg up on older businesses because they are more agile, the trick is figuring out how to maintain that agility as your business grows. Even if you’re fairly small, you have to be willing to adjust your business to your client’s needs.

Entrepreneurs must have a deep sense of purpose, something that goes beyond a mission statement. The Why of what you are doing helps shape all your decisions.

Who is joining you in solving the problem? Don’t make assumptions about what the problem is, bring in the customer to help articulate what the problem actually is.

Be willing to make the necessary changes to your business in order to take it farther. If you’re doing something really different, it’s hard to really have an idea what the outcome will be like.

Stay connected to what you love so the work doesn’t become work anymore.

Why is disrupting ourselves necessary?

There are a lot of big problems that need to be solved. It’s not just big businesses that are going to solve those problems, it’s now the solopreneur and small businesses as well. Technology has enabled small entrepreneurial players to disrupt major industries themselves.

If you ever thought “somebody should do something about that”, you are that somebody. You can leverage the tools and ecosystems that you already have access to solve those problems.

Reference: Disrupt-It-Yourself: Eight Ways to Hack a Better Business—Before the Competition Does, Simone Ahuja

Simone’s Takeaway

All of us have that voice. One of the most important things you can do is find support and like-minded people or communities that can help you. The second thing is to take a little action and do the smallest experiment you can. Find someone you can help and build a low resolution prototype, if they like and grow at least a little bit you continue the experiment. Little experiments carry very little risk and can give you a lot of valuable information to keep moving forward.

Links:

blood-orange.com

disruptityourself.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

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Building Systems To Create The Lifestyle You Want Apr 11, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Cliff Hayden is a real estate investor, broker-owner of Altec Properties, and founder of ShowMeTheRental.com, a unique online service that automates the most difficult part of property management: finding and screening qualified tenants.

Cliff knows the importance of finding the right balance of priorities in life, especially as a business owner. This quest for a more abundant life inspired Cliff to walk away from his fruitful career and into the often-chaotic world of real estate investing. After quitting his day job to pursue real estate investing as a career, Cliff found himself overwhelmed by the responsibilities of managing multiple properties, keeping the business running smoothly, and finding time for his family. As someone who’s personally struggled with this juggling act, Cliff knows the emotional, mental, and physical toll it can take on real estate investors, property managers, or landlords — whether it’s their full-time career or a side hustle.

This struggle was Cliff’s impetus to develop ShowMeTheRental.com, which screened all his leads so he didn’t have to. ShowMeTheRental.com takes all leads (phone, email, or text) and pre-screens them with customized questions, then arranges for qualified leads to see the home, follows up with these leads, and even takes care of the application process — leaving more time for property managers to work on the things that matter most, like spending quality time with their loved ones or growing their business.

Podcast Highlights

Who is Cliff Hayden?

Cliff Hayden is a happily married man with five kids who is focused on spending as much time with his family as he can. He’s automated the majority of his real estate business and reorganized his priorities so now he’s very mobile and enjoys meeting new people and doing new things.

Cliff started out working a regular job as a construction worker, he transitioned to real estate while he was still working his job. He realized that the corporate life wasn’t everything he thought it would be so he wanted to find a way out. His brother was really into Robert Kiyosaki and when he came back from the military he introduced Cliff to the Cashflow game which was a complete eye opener for him. Cliff joined a real estate club and found a mentor, then he started buying real estate with the money he had saved up. The moment he realized that it was time to quit was when he had earned his entire salary in a fourth month period.

Cliff’s first day as a full time real estate entrepreneur was very exciting. He got into the office earlier than anybody else and left after everyone else. Financially he was doing very well but his family life was suffering due to him not being very present when he was home. Cliff joined a mastermind group and had a major realization that something had to change. He began to focus on building systems and putting them in place to allow him to be mobile and put his life and family first.

Building Systems

It comes down to what you want for your life and what lifestyle you want. When people are on their deathbed, they never say they wished they made more money. The wished they spent more time with their family or did things differently. Cliff decided that building systems was going to be the only way he could achieve the lifestyle he wanted.

Cliff started to educate himself and found that when you don’t have a lot of debt, you don’t need a lot of money. He began to focus on paying off the majority of his houses and avoiding or selling the properties he owned that caused the majority of his headaches.

Once you get to a certain number of houses, you will always have to deal with turnover and issues that come up. Cliff knew that there must be a way to automate the process and started looking for it, when he couldn’t find the solution he was looking for Cliff decided to create it himself. Showmetherental.com was born and is a system that makes finding tenants easy and automatic.

Property managers are key to taking care of the everyday tasks that need to get done. One of the tricks that Cliff has learned is to take a piece of paper and draw a line down the middle of it then list the things you do like to do and the things you don’t like to do, then go out and hire somebody to do the things you don’t like to do.

Finding a property manager can be very difficult because no one is going to care about your property as much as you do but it is essential. The best property manager is going to be yourself.

What are the top 3 questions for screening tenants?

Longevity is Cliff’s number one priority in a tenant. He doesn’t do one year leases, his minimum commitment is three to five years. He wants somebody who is going to stay in the property long term. They should also have a consistent history with their job and an emergency fund set aside in their bank account. Cliff wants tenants that are responsible and if something goes wrong in their life, they have the resources to survive.

Living The Life

Because of how much of his business is automated, Cliff has managed to go on a 40 day RV trip with his family this past summer. He also comes home at 3 o’clock everyday to help them with their homework and spend time with them, and he spends a lot of time teaching them how to have an abundant life.

Cliff’s Takeaway

Anything worthwhile comes with risk, you’re going to fail and you just have to push through it. Persistence and the drive to never quit will serve you well. Once you fail, you’ll realize that it’s not actually all that bad. Have a plan and a vision, join some real estate clubs, and then start building systems that will help you achieve your vision.

Links:

cliff@showmetherental.com

Showmetherental.com

502-641-8781

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

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L × C × F × M = GP

Geoff Cook On Going From Idea To Implementation Apr 08, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Geoff Cook is the Co-founder & CEO of MeetMe and The Meet Group (NASDAQ: MEET), a social dating and live streaming company with a $400+ million market cap; Geoff has spent $200 million in the last 3 years buying 4 companies, including most recently, Growlr, a dating app for gay bears. Geoff is also the CEO of myYearbook--a social network to meet new people.

Geoff Cook helped raise $20 million and grew myYearbook to profitability with 100+ employees and $30+ million in revenue. Geoff started his first companies EssayEdge and ResumeEdge from a Harvard dorm and sold them to The Thomson Corporation for millions of dollars at age 24. He sold his second company for $100 million. He also runs the leading podcast player, Podcoin, and can drive thousands of listening hours and hundreds of subscribers to podcasts on which he appears.

Podcast Highlights

Who is Geoff Cook?

Geoff is a husband and father in addition to an entrepreneur. He started his entrepreneurial life in school because he didn’t want to get a job making only a few dollars an hour. Before then he didn’t really have any ideas about being an entrepreneur.

Geoff realized that if he wanted to really make some money, selling your time wasn’t going to cut it because it has a linear relationship. You need to create something that isn’t tied directly to your time. He thought that instead of working a regular job, he could create something and potential make nothing, but also potentially make way more money, and at the very least have some fun.

Geoff’s first venture was an attempt to just solve a problem, in his case essay and resume editing. He built a website from scratch and slowly grew his business from $10k a year in his first year in college to over $300k a year by the time he graduated. His second business was the social network myYearbook, within 9 months he had acquired over a million users to the site by leveraging existing platforms like Myspace.

How much did your education contribute to your business success?

In the early days of his first business, Geoff’s education did actually help him figure out what to charge and better tailor the experience to certain people. But it’s hard to draw a straight line from his education to everything that has happened since.

Growing a Business

Geoff runs a public company called the Meet Group which has a heavy focus on live streaming video. The cost to execute live streaming lead to them start acquiring other apps so they could leverage the infrastructure they already had.

In the early days of Myspace and Facebook, creating a viral campaign that acquired email addresses was much easier and very powerful. Today you need to either buy it or build it, in the case of building it you need novelty in order for it to grow. Instead of relying on a lucky strike of a marketing campaign, another strategy to grow is to just buy companies that have already acquired the audience you want to reach.

Why is live streaming such an important tool?

Regular media like photos are very flat, where live video is much more interesting and interactive. The interaction is key and in the next few years, the quality and quantity of live streams available is only going to go up. Live streams are becoming part of many more traditional broadcasts as well.

Podcoin

Live streaming video is a lean in media, it’s very interactive and keeps your attention. Audio is the opposite, most people consume audio media while they are doing other things, it’s more passive. Podcoin was born out of the idea of “what if we paid people to listen to podcasts?” It allows the listener to share in the rewards of the organization that they are directly generating.

The hardest problem is not monetizing a large audience, it’s acquiring them in the first place. By varying the amount of reward, Podcoin can incentivize the listener to discover and consume podcasts that they wouldn’t otherwise have discovered. It’s a way for podcasters to grow their audience.

If you have a sense of what media monetizes at, as long as you stay within certain bounds, you can figure out how to turn an audience into an asset for your business.

Idea to Implementation

To create something worthwhile, it takes a lot of commitment and single mindedness. A talent that is important to have to get something off the ground is the ability to wear a lot of different hats. Geoff’s successful businesses weren’t the first ideas he had, he had to iterate and pivot when he saw the right opportunity.

Feedback is crucial, if you’re not sweating the metrics you’re not going to know what you should be working on at any given time. Patience and data gathering is very important for anything that you build.

Geoff’s Takeaway

The trick is one success helps the next effort be successful as well. You have to get to know the art of the pivot, you have to be able to learn things from your previous failures that you can apply to your next attempt and be willing to change directions. The idea that works out may bear no resemblance to the idea you started out with.

Links:

meetme app

lovelo app

podcoin.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succee...

Leadership Is More Than A Title Apr 04, 2019

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Rick Miller is an unconventional turnaround specialist, sought-after speaker, servant leader, and expert in driving sustainable growth. For over 30 years, he served as a successful senior executive in roles including President and/or CEO in Fortune 10, Fortune 30, nonprofit, and startup companies, including AT&T Global Services and Lucent Technologies. Throughout his career, he has been recruited from the outside to turn around poor performance in difficult times. His new book, Be Chief: It’s A Choice, Not A Title, helps leaders at all levels achieve their true potential. To learn more, visit

BeingChief.com.

Podcast Highlights

Who is Rick Miller?

Rick was basically raised by his father due to some really unfortunate health circumstances with his mother. Rick’s dad was a personnel guy and he focused on people. Rick father’s help create an environment in his workplace that despite the industry being heavily unionized, there was never even a union vote in 27 years. In a lot of ways, Rick wanted to grow up to be like his dad.

Leadership and Power

Titles or not, everyone has power in their situation.

An element of control and authority comes with a title. Power used to be about centralized decision making at the top of the leadership pyramid, but that’s not the only way it can be done. If power is defined as energy and clarity, everyone can make a choice to have more influence.

When people say corporate, they usually think the old style factories. In many ways the hierarchy was similar to a military leadership structure. The difference now is that speed of execution is paramount and the workers on the front line have more decision making ability than ever.

The challenge of power is that it is never given, it’s always taken. The cost to businesses of people who are not engaged with their job is incredible. If people are waiting for permission to step into their greatness, it’s never going to happen.

If you asked the five people that know you best what they think you stand for, you’re might get a lot of different answers. Take all those answers and figure out what the few vital things are that you want to stand for. Self understanding is the key to power, when you take a stand you develop confidence and you take power.

Leadership Responsibilities

Just because you have a title, that doesn’t mean you get a pass on clarity and confidence and energy. If you’ve got a team, what can you be doing to allow your team to be their best? Are you recognizing the contributions of your team?

You have to select your team members carefully. If you bring on a team member that isn’t aligned with your organization’s values, it can be debilitating to everyone involved.

Communication is the joint construction of meaning. It’s an active process and has to go both ways.

The Interview Process

The only time Rick has gotten in trouble when hiring people is when he rushed the process. It’s important for you to get a feel for how a person will fit into the organization and the people on the team. Give them an opportunity to show all the different sides of themselves.

You want the whole person, not just their game face when they are in the office. Work life balance is the wrong goal. Balance only occurs when your life is still, and it’s almost never still. Work like integration is what you should be working for.

Reference: Be Chief: It’s A Choice, Not A Title, Rick Miller

Rick’s Takeaway

First, go online and take the assessment to find out what kind of power you currently have and the simple choices you could make to be more powerful. Second, read the book Daring Greatly by Brene Brown. Vulnerability is the key to any great conquest and you will be vulnerable when taking a step you’ve never taken. Assess where you are internally and get some help.

Links:

bechief.com

Thank you for listening! If you enjoyed this podcast, please subscribe to the show on iTunes!

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

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