CashFlow DadLife

CashFlow DadLife

By Ryan EnkBusinessInvesting
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CashFlow DadLife episodes

  • CDL 42: Knowing Your Numbers-How Even A Blind Squirrel Finds A Nut...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Hey, what's up everybody? Welcome to another amazing episode of Cash Flow Dad Life. I'm your host, Ryan Enc and today we're going to be talking about the numbers that you need to look for. Okay? Know your numbers. What does this mean? You know, I got into trouble a little while ago for not knowing my numbers. Here's what happened...

    My son who was nine at the time was starting to run cross country and he was doing very well and you know, winning first place in a lot of these races.

    But I've got this competitive streak with me and I didn't want him developing too big of an ego. So I was like, "Why don't we go for a race real quick?"

    So our block is exactly a mile. So we, we wagered something and he was talking a little bit of smack but it was mostly instigated by me...

    So he's really just kind of, you know, returning the smack, talk completely my fault. And we set up to race and at this point all the kids are getting into. Mom's getting into it. Everybody's on the front yard. Just making a big production about this.

    We say on your mark, get set, go.

    Well he takes off, we've got a mile. He takes off sprinting and I'm at like upper jog now. I'm not exactly in tremendous shape, but I'm not out of shape. I play soccer every single week at my facility.

    I work out, I, I hit the treadmill sometimes I do jogging sometimes, so it's not like I'm out of shape. I'm an adult competing against a nine year old child. So to me that should indicate that I would win completely emotional decision. So he breaks off sprinting and I think to myself, look at this sucker.

    He's going to be completely out of wind. He's going to be completely out of when before the quarter mile and meanwhile I. So he's blown ahead of me and meanwhile I'm just at like a upper medium paced jog and then he takes the quarter for the first quarter mile and he's not letting up.

    So I see him turn this corner and he still in a full on sprint. So at this point I think to myself, oh crap, maybe, maybe he's not slowing down right away just to make sure I got to get a little closer. So then I break out into a light sprint.

    So by the time I get to the corner of the quarter mile, I don't even see him on the other corner. So he was still running fast enough to the two. By the time I reached that corner, I couldn't even see him... 

    So then I go into a medium sprint and I take that last corner and I see him incredibly far ahead of me. So I've got about three quarters of a mile left and

    13 min
  • CDL 41: Stock Tips From A 10-Year-Old...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Hey, what's up everybody? This is Ryan Enk with Cash Flow Dad Life. Today we're going to be talking about the stock market. The stock market plunged 834 points yesterday. Ouch.

    So I brought in an expert...

    He was super hard to get ahold of. His schedule is incredibly busy. Please welcome to the show, my son, Caleb Enk is 10 years old...Say, "What's up?"

    Caleb Enk: What's up!

    Ryan Enk: So just to give you kind of the backstory on the stock market with me and Caleb here is I don't like investing in stocks. I'm more of a real estate guy. That being said, I do invest in stocks. It's just part of diversifying your portfolio.

    But the reason that it's not a major part of my portfolio is because stocks are so... It's not real. It's not a real asset. And I don't know if you've heard that comment before.

    The first time I heard this, it blew my mind and the comment was that money isn't real. You know? And, and if you just sit there and think about that for a second. Money isn't real.

    It's just a medium of exchange...

    And nothing proves that money isn't real anymore than the stock market, where yesterday all of a sudden trillions of dollars are lost. And for what? And for what? Cause there's no asset value behind it. There is no nothing real behind that.

    Now real estate, I love because it's real, but like I said, I still invest in the stock market and I encourage all my kids to know how to invest in the stock market as well and because it is a tremendous wealth creator, if you know how to do it right, the problem is that most people overcomplicate things and really all it comes down to is figuring out what most entrepreneurs, most investors do.

    How can you minimize your risk while maximizing your returns? So I brought on my 10 year old to kind of explain some of the concepts that he knows. It's so easy that even a 10 year old can do it.

    But actually he started when he was eight years old...

    Caleb, can you share with everybody kind of the story on how you get started investing in the stock market?

    My Dad told us we need to clean the garage, but the garage had so much things clutter around and stuff in it, so we complain. Then my dad says, "If you cleaned the garage, I'll give you $10, but $100 in your bank accounts, you can buy stock." So we agreed with that...

    So we clean the garage and then he decided to analyze stocks to see which one is done best.

    When you analyze is when you look at how t

    12 min
  • CDL 40: The Spousal Effect...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Hey, what's up everybody? Welcome to another awesome episode of the Cash Flow Dad Life podcast...

    Today, we have an amazingly, gorgeous co-host, or a guest, on the show. Definitely the prettiest guest that I've ever had on here. My wife Danielle, say hey to everybody.

    Danielle Enk: Hey, what's up?

    Ryan Enk: And I invited her on today because we're going to be talking about the spousal affect, the way people get started with investments or have success with those investments, maintain motivation with those investments.

    If they have a spouse, the spouse plays a huge role in that. So we're going to be going over some of the problems that some people might have in getting started that have to do with the spouses and even, you know, give some tips on how to like really address those issues. But before we get started, I want to read you guys the review of the week.

    If you haven't reviewed the podcast yet, please, let's make it official. Just like subscribe, write me a review and I really appreciate the shout out. So this one comes from Joe. Ps a says, eye opening experience gave me five stars.

    He said, "Ryan's content has been eye-opening. Ryan is a normal guy, just like me. He makes it seem possible to change my family's lives through real estate investing. I highly recommend this podcast..."

    Thank you so much Joe. I really appreciate that shout out...

    Also guys, if you haven't gotten your copy yet last week on Tuesday, I'll let you guys know about my new book that I just released and just because I'm doing a book release, I'm giving away free copies so I've already given away 168 copies from last Tuesday's podcast.

    So I've bought 200 more books and I will be giving those away in the next week or so...

    Once this book gets out there and people start talking about how awesome it is because it is, it's a step by step battle plan on how to create $10,000 out of nothing in less than a month with real estate.

    I show you by the hour exactly the tasks that you need to get done and what needs to be accomplished...

    And it's just got an amazing framework that you can start using right away. But once this gets out there, I mean I'm not going to have to give away free copies. So right now it's $19.99 on Amazon, but I'm giving it away for free. All you gotta do is cover the shipping handling, which is like less than a fast food meal.

    So, if you want your free copy, you can go to cashflowdadli

    23 min
  • CDL 39: From Riches To Rags To Riches With Paul Moore...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Hey, what's up everybody? Welcome to another awesome episode of Cash Flow Dad Life.

    today we've got on a really special guest. His name is Paul Moore and Paul is just an incredible, a real estate investor. He's, he's very involved in a lot of real estate niches. A, he was a special guest on HDTV. He's rehabbed and managed dozens of rental properties.

    He's completed 85 real estate investments and exits. He's a major contributor on a and writer for bigger pockets, which is just like the biggest real estate forum in the world.

    So I am extremely honored that he came to our podcast and he's agreed to be a guest on our show...

    So Paul, thank you so much for being here. I just want to make sure he can hear me. Alright... I'm glad to be here and I'm honored to have with the on the show.

    So the first question I want to get to which is just so intriguing to me, is...you have a podcast and it's called, How to Lose Money, right?

    And the story behind that podcast is what I want to get you to share...it was a rags to riches to rags to riches story, right?

    Paul Moore: A few more cycles in there as well.

    Ryan Enk: Yeah. Can you share with us the story and don't hold back from us any details on how that happened?

    Paul Moore: Yeah. So my daughter Hannah and I, who's my oldest, she's 22, my oldest daughter of three daughters and I have a son that's 25 and her and I would go to these father daughter retreats. We went to seven years in a row at callaway gardens in Georgia. And it was a beautiful setting. And the guys who were speaking were all dads.

    They were all, you know, some of them really prolific leaders in this kind of this back to family movement that, you know, the way that we were part of at the time. And so for seven years in a row, we went to these conferences and I sensed around the table there were fathers and daughters around every table.

    And I started realizing after like three years these dads left...

    They're encouraged in a way, but also discouraged and here's why.

    All the guys up front, all the speakers, all the panelists shared their great successes, all the great things they were doing, their family, how their daughters were married, they're older daughters were marrying well and the younger daughters were, you know, reading a book a week or whatever, and then the guys around the table, we're just kind of like shaking our heads going, man will never be.

    ...There, will never be a dad like that will neve

    35 min
  • CDL 38: How To Create $10,000 Out Of Nothing In Less Than A Month...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    What's up guys? This is Ryan Enc with another awesome episode of Cash Flow Dad Life podcast. I am super, incredibly stoked, excited today for two reasons.

    The first reason is because yesterday my son was talking so much smack...

    I was down by 25 points playing against him in our fantasy football league. He got so lucky with Brandon Cooks scored 25 points and so I had, what's his name? Kareem Hunt, good old Kareem from Kansas City Chiefs. I had him on my fantasy team. He was the last person that I had to play and all the way up until the last minute of the game, which my son had already gone to sleep at this point.

    It was like 10:00 where we are the last minute of the game. I was down by like four or five points, but I rose from the ashes through Kareem Hunt...and he scored 26 points. And so I went home and I woke up my son from his sleep...

    I know, a horrible father thing to do on a school night. Wake your son up at like 10:30. And I was like, "Hey,... wake up real quick." And he was like, "Yeah, Dad, I, uh, I know I crushed you and fantasy football."

    I was like, "Actually, I..." and I showed him the score and I was like, "Bam. Beaten by one point." Oh Man, I can't even tell you how excited that makes me feel and just being completely honest about myself, I've got to be the worst person to lose to, especially if you're talking smack to me earlier that day because I am unrelenting.

    And he was just like, "Dad, just get out of my face." He was so upset, and he was still upset this morning about losing to me and fantasy football. But I am stoked because I just feel like a real winner through good old Kareem Hunt.

    Kareem polls through at the end rises from the ashes. At any rate, the second reason I'm excited is because I've got something that I want to share with you guys today. A last night I was up late finishing the audio file for the new book that I'm releasing, which shows you how to make $10,000 in less than a month with real estate.

    And the new book comes out today, so it's called Seven Day Real Estate Survival Blueprint: How To Make $10,000 Out Of Nothing In Less Than A Month. So here's how the book came about right here. Actually, it's his brand new idea.

    Over Labor Day we had a hurricane that came our way and all the kids were off school. So, you know, and I never really watched tv, but my kids were begging me to watch with me. This show called alone. I don't know if you guys have seen this show.

    It's super intriguing

    16 min
  • CDL 37: The 6 Passive Income Paydays Of Real Estate...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Hey, what's up guys? This is Ryan Enk. Welcome to another awesome episode of Cash Flow, Dad Life!

    Today. I've got something really special for you, a little mind fuel. Have something for you to think about. I'm going to be going over the six pay days of real estate. Now. Before I start, I want to read the review of the week.

    The review is actually nice and short and sweet. It says, "Ryan, for president," by Cincinnati wholesaler. "Cashflow is the key and Ryan is a locksmith. I've learned so much and just the early inception of the podcast. Can't wait to learn more..."

    Thank you so much Cincinnati Wholesaler. Really appreciate that...

    I don't know if I'd want to run for president though. It looks like a miserable job, but at any rate, thank you so much for the review. Just a couple announcements before we get started. On the six pay days of real estate, we do have a few more spots left open for the cruise coming up November...

    So if you're interested in going on the cruise, it's designed to give you the fast track to financial freedom. It's a fun way to do it. It's like a four day cruise. The actual training is two days when you're on the sea and uh, we're going from New Orleans to cozumel.

    Be a great time. So come hang out and check that out. If you still want to get on there is still space...

    So go onto https://www.cashflowdadlife.com/cruise and you can book your financial freedom tickets right there. Okay. And the last thing is please guys you know, if you've been enjoying this podcast, if you've gotten helpful information from this, leave me a review and give me however many stars you feel like giving me, but five would be like a great number...

    And if you leave me a review and make sure that your, your information is included on that, then I'm going to send to you a free copy of my book that I have coming out.

    Now guys, this book, I've read a lot of real estate books. Okay. I'll probably read over 150 real estate books and a lot of it is fluff. A lot of it is theory in this book gives you everything from mindset and skills and strategies, and I put it in this framework...

    What if you had nothing right? What if you're left with no money, no credit, no, no experience in real estate. What would you do in order to make $10,000 in less than a month? So the title of the book is the seven day real estate survival blueprint, how to create 10,000 out of nothing in less than a month...

    So not only do I show you the exact st

    14 min
  • CDL 36: Your Network Will Determine Your Net Worth With Larry Hagner...

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    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    What's up everybody? Welcome to another awesome episode of Cash Flow Dad Life. I'm your host, Ryan Enc. And I'm stoked for today's guest. We have a special guest, Larry Hagner with us. He is the... What do you, what do you call it? Podcast, podcast host. I'm sorry, I get my words tangled up the podcast host for the Dad Edge, and the Good Dad Project and it is the number one rated podcast on itunes for dads right now.

    So it's awesome to have this decorated guest on our show...

    I've gotten to know Larry for the past couple months or so, just a super cool dude and he's really done something amazing and special things in the data space and in the space of accountability and just growing your network and proving yourself and all the different areas that are needed.

    Being a dad, he's the father of four boys, which is much like myself...

    I got one up on him, but, you know, I don't know if he's a quitter or not, but we'll see what happens in the future. Just want to make sure you can hear me. All right Larry, you there?

    Larry Hagner: I'm here, man. I'm so pumped to be here, talking to you on your show and, and Gosh, gotten and gotten a chance to get to know you, work with you closely and you're helping me, you know, even with my, you know, an investment that I'm going after...it wouldn't be possible without you, so appreciate you man.

    Ryan Enk:Awesome man. Awesome. Well, one of the things that I've been kind of putting off on the show talking about and, and why I thought it would be perfect to have you on as a guest is, you know, it's more of from the mindset standpoint because real estate, it's all, you know, strategies and skills and, but one of the things that most people overlook the most is mindset...

    And one of the things that you've been able to create is this accountability system...

    I always say with real estate that your net worth is the same as your network, so you look at the five people around you that you're hanging out with the most and it's one of those things where show me your friends and I'll show you your future, you know, you look at the people that you surround yourself with and those are the people that you end up becoming.

    So you have created an amazing, not just the podcast, but you've actually created amazing a virtual group of men. Can you tell us a little bit about how that got started and what's become of it?

    Larry Hagner: Yeah, man, thank you so much. And when it comes to mindset, so one of the reasons I started you know, Good Dad Project, that's pretty much the umbrella organi

    22 min
  • CDL 35: Amazing Dirt Free Trick To Find The Best Zip Codes For Real Estate Investing...

    Click Above To Listen In iTunes...

    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    What's up guys? Welcome to episode number 35 of Cash Flow Dad Life podcast. Today I'm going to be showing you guys and amazing, dirty, free trick to find out which zip codes to invest in real estate. As a lot of you guys know, I recently became obsessed with the show alone.

    That's where they take 10 people and they drop them off in the middle of nowhere, in the middle of a, a Vancouver island. And the person who survives the longest is the one who wins. He wins $500,000 cash. So I was inspired by this entire concept.

    So I thought to myself, "What if, what if you lost everything? You had nothing, right? And you were dropped off in a city somewhere in the middle of America or wherever you are. And you had bills piling up, a Ui, creditors pounding at your door?

    You had to find a place to live you, you know, you need to provide for your family and you had no money and you needed to come up with $10,000 in less than 30 days.

    ...What would you do?"

    So I'm, I'm actually, I was so inspired by that concept that I'm writing a book and guys, this book is going to be amazing, alright? I haven't decided what I'm gonna call it...but it's basically like the seven day battle plan, the seven day real estate, a survival plan to make $10,000 or more in less than 30 days starting out with nothing.

    Okay. That's the premise of the book...

    So listen, because you guys are loyal listeners, you've been listening to the podcast for awhile. If any of you guys, I want to release the book to my podcast audience first. So if you guys want a copy of this book for free than leave me a review and I don't think I can tell you that I want a five star review so I'm definitely not going to tell you that if you leave me a review, I'm definitely not going to say leave five stars because it will be freaking amazing and anything less than that would be unacceptable.

    I'm not going to say that because I'm not sure if I can do that with the rules of itunes or wherever this podcast is. So leave me a review and write me a review...

    Leave me a starred review and write me a review and I will send you a free copy of this book when it comes out. Okay?

    So I'm sure you guys are curious. I'm going to read you an excerpt from the book. What is this amazing, dirty, free trick to find out which zip codes to invest in real estate and why is that important? So picture you're dropped off in the middle of an island, right? And you've got to survive. What is one of the first things that you're going to do?

    You're going to find out where to set u

    14 min
  • CDL 34: How To Have An Unfair Advantage To Win Deals Over Your Competition...

    Click Above To Listen In iTunes...

    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    What's up everybody? Welcome to episode. Let's see what episode are we on the episode number 34 of the cashflow dad live podcast. I am your host Ryan Anc and today we're gonna. Talk about how to have an unfair advantage to win deals over your competition.

    There's a couple of things that you could do where you will actually be able to beat out your competition even if you're offering a lower price. So we'll go over that in today's podcast. So I don't know what kind of weekend you guys had. I had a pretty exciting and eventful weekend...had a little run in with the law.

    And let me explain it, why you think that it was over when...if you listen to my podcast before about mooning a cop, you thought it might be over in high school, will you would be wrong...

    I still have run-ins with the law. So, this weekend we were, my second oldest son had a soccer tournament in Gulf Shores, Alabama. And so we took the RV up, me and three other dads. It was just a good time, you know, just taking the rv up and hanging out on the trip from New Orleans to Gulf shores when we were, you know, we're just kind of taking it easy, taking it slow...Kinda get their slow mentality-enjoy the ride.

    And we stopped and we ate...

    So we didn't really get until about midnight to Gulf shores and one of those condo complexes out there, the Phoenix, which there's like the Phoenix West, the Phoenix West to Phoenix. There's like 100, Phoenixes out there to Gulf shores. If you've ever been there, they're really nice condo complexes you ever get a chance to go.

    But at any rate, uh, we pull up in the RV...

    I'm telling you I have never been discriminated against as much as I was with an RV in Gulf shores because there is nowhere to park. And it's like parking in general like Walmart and cracker barrel. They normally let you park there a anywhere else in the country.

    It's just kind of something that they welcome... If you're in an RV, they'll let you park there...

    But I'm not in Gulf shores, I think it's, I think it's illegal to do that there. So at any rate, we pull up to the condo complex, minor oversight, forgot to ask them if there would be a place to park in the condo complex. And I pull up and there's this other really nice luxury looking RV that's in the parking lot and there's a parking space open to them something and oh perfect.

    We can just park right there...

    So we get there and the, a little security attendant at the front gate was like, "Oh, where are you going to park this thing?" And I was like, "Uh, I was assuming there

    16 min
  • CDL 33: How To Build An Apartment Empire Without Money Or Experience With Michael Blank...

    Click Above To Listen In iTunes...

    So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

    Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

    The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

    That is a solution and this podcast will show you how...

    Alright! Welcome everybody to Cash Flow Dad Life episode number 33...

    It is a huge pleasure today to welcome Michael Blank...

    Michael is the leading authority on, on apartment, a multi multifamily apartment complexes. He's got 2000 units that he's helped his students acquire and he's also got $25, million dollars worth of assets.

    So, we're just going to be a sponge and soak up all the wisdom that he has for us today...

    So starting with, you know, I always like to ask, how did you stumble across this? How did you get started in this in the first place?

     

    Michael Blank: Well, it's not as clear cut as I put it in my book because my book, I basically have the blueprint for doing this within one to two years. My journey took me 11 years. And you know, I have a background, like a lot of people are taught to get good grades, get a job, and that's what I did.

    I got into software so I was sort off being a software programmer. Joined a startup in [inaudible] 97. Right, right place, right time, a software IPO and put a bunch of money in my pocket and that was great and my vision was to be the CEO of my own software startup company until I read Rich Dad, Poor Dad and I was like, I'm such an idiot...

    It doesn't matter how much money in the bank, what my salary is or anything like that. It's not much passive income I was having. It wasn't very much at all...

    So I just threw away my entire 15 year career. Right?

    And I said, "Oh, I'm going to find my permanent financial freedom."

    So I had a bunch of money, but it wasn't enough to sit on the beach for the rest of my life. And so my big idea at the time, Ryan was restaurants because I was surrounded by a bunch of a Burger Franchisees, a very successful chain and I saw and it like, "Oh yeah, it cost this much..."

    "It costs this much to open a restaurant and we're going to sit back and count the passive income." I was like, "Perfect. That's exactly what I want."

    Now, I flipped some houses. I learned how to trade stocks and options. I went to a apartment building bootcamp. This was all like in 2006, 2007. But my main thing was restaurants.

    So you gotta understand, I really, really thought big on this...

    I took all my chips, put them in a, hired a multi unit operator, open one, bought one open one, you know, open one, bought one. So within like a year I was at six restaurants and then the, then the recession hit, kicked my butt pretty good and never really recovered from that.

    Long Story Short, I subsequently lost my rest of my ipo, millions in t

    23 min

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Cash Flow Dad Life shows you how to bring in extra income as a parent and be able to spend time with your family as well. You will have the chance to put real proven strategies to the test to bring in…