Cashflow Diary™

In today’s Cash Flow Diary podcast episode, you learn about another necessary skill for entrepreneurs, business owners and Real Estate Investors. It’s flexibility! Why is being flexible so important? Because sometimes your best laid plans will go awry. That means you’re going to have to be flexible to adjust and take the necessary steps to turn things around. Think of it as a form of mental yoga. It’s okay if things don’t go as you intend. It’s how you respond and what you do when things go off track that matters. J. Massey learned this early on from one of his mentors. He always said, “Blessed be the flexible because they’ll never be bent out of shape.” He’s right. The more mentally flexible you are the better. You’ll realize that no matter what happens you will be okay. You’ll live and even thrive if you are flexible. You can’t avoid issues in business. J. talks about some of the surprises he has experienced in building his Real Estate Investing business. He shares how he had to grow in his flexibility in the different areas in his business, including marketing and advertising. J. has had a whole lot of unplanned events he’s had to deal with and manage. Lately he’s had a few of them in his family life. However, because he maintains a flexible mindset, he is able to bounce, which is something you need to replicate. Entrepreneurs must quickly interpret when change is required and then take the necessary steps to get to the new goals. J. covers a lot of ground in this introspective episode.

So, is there a way out of the 9-to-5? Um, yes. That’s what you’ll learn in this episode of the Cash Flow Diary podcast from guest Gary Beasley, who took his own experience in real estate to create his own entrepreneurial thing. You’re sure to get answers to your burning questions about jumping into the real estate investing pool. 

As you might have guessed, Gary wasn’t always the real estate entrepreneur he is today who started www.Roofstock.com, which is something that allows a whole lot more people to participate in real estate investing than ever before. In Gary’s words, he’s proud to have been a part of building a very disruptive company and makes money for the investors and the employees! But he says another thing that gets him excited about Roofstock is the psychic rewards he receives from knowing he is a part of this brainchild. Gary loves what he’s doing!

Coming from a small town in Indiana, he grew up in a traditional, hard-working family where he learned the value of working toward goals. Gary said he feels fortunate not to have grown up with money, because he’s known a number of people who came from money and lacked the motivation to get out there in the real world and do anything special. Gary says that early on he knew the path he didn’t want to take was one that would force him into clipping coupons and working in a company Monday through Friday. 

Gary says that you don’t need your own money to get started as an entrepreneur. While you can’t start a company that requires a lot of capital to get it going, if you have a great idea and a well-thought-out business plan, you can capture the interested of angel investors. In fact, in his experience, investors often like the “scrappy entrepreneur” who will work really hard to make the dream become a successful, income-producing reality. 

You’ll learn a lot about courage, drive, motivation and what makes an entrepreneur great in this episode. Listen to Gary’s story and how he describes his personal journey to success, what he didn’t like about being in a business vs. helping others start businesses and creating real wealth, and why he changed his path to becoming the entrepreneur he is today. LISTEN NOW.

From about the end of February to April 15 each and every year, Americans move through a special season. It doesn’t come with a colorful, icing-laden cookie shaped like a tree or reindeer, and it doesn’t come with decorations. What is it? Tax season, and it has the power to get millions of Americans stressed to the gills and very frustrated. Some taxpayers procrastinate to the bitter end, standing in long lines at the post office on April 15 just to make sure their tax filing is postmarked with that date. These people make the news year after year, too. They rarely look happy as field reporters hold mics to their faces and ask why they waited so long. Maybe it’s a thrill to wait till the last minute, or maybe it’s because these people aren’t happy with how much they have to pay. Perhaps they don’t know that there are ways to keep from paying way more in taxes than they have to. And every bit of it is legal. That’s right. There’s a fat rule book written by the good people at the IRS that tells us all how we can pay less in taxes and take legal deductions that can dramatically cut taxes… sometimes to zero owed. In fact, there are FOUR things you can do that the government actually smiles upon that specifically reduce your tax burden. If you do one or more of them this year your stress levels come tax time next year might just be reduced significantly. That’s because you can get all sorts of tax credits when you do one or more of these four things! Plus, there is a fifth thing that you can do to help someone else reduce the amount of taxes he/she will pay! Do you know what the five things are? Do you know about all the tax credits available to you? That’s what this short Cash Flow Diary podcast episode is all about. If you want to learn why wealthy people can “get away with” paying less in taxes than the average hardworking Joe, you’ll need to understand the difference between being a consumer and being a producer. That’s also what you’ll learn in this special tax-time episode.

If there is one thing that you should be learning from listening to the Cash Flow Diary podcast, it's that failing is a part of success. You cannot avoid failure events. It's how you handle them that matters. In this episode you get a little insight into some of the small failure events that occurred at our recent Black Friday live-streamed Cashflow 101 board game event. Things didn't go as smoothly as we intended, but it's okay. The game happened, we had a great time, people as far away as Barcelona were watching us and learning how to run games better, and we received excellent questions from viewers and players in the room. We learned from all the little things that didn't go well or as well as they could have. Awesome! We didn't just pack it in, take our ball and go home. We managed the technical issues and moved forward anyway. Apply this insight to what you're doing as a Real Estate Investor. If you talk to 10 people and still don't have a YES from a seller, buyer or investor, don't stop and tell yourself "it" isn't working. Keep going. Take from those experiences and see what you can learn from them. Dissect the experiences. Define your process. Redefine the process. Get better at what you're doing. Study the Four Levels of Learning. Even if you've watched our video on that topic before, go back and watch it again. Your goal is to become Consciously Competent! That's the fourth level. For now, listen to this episode and learn why getting comfortable with failing forward and failing often is okay. Listen Now

Ever wish you had a mentor in your corner who could give you the answers to all your burning real estate investing questions? What about those times where you're not sure if a deal is a go or no-go? That's what Q & A with J. is all about! Each week at 4 p.m., PST, Cashflow CORE Members get their questions answered LIVE and in real time by a very seasoned real estate investor... none other than J. Massey. He rips deals apart, runs the numbers, and helps members understand what they're learning in CORE courses, like Deals at Discounts, Capital Creators and others. Pretty soon, even more members will have clever questions to ask, like about investing in multi-family properties, too. After all, we'll be releasing that video course before summer! Many of those who participated in the live Investing in Multi-Family Properties mastermind group a few months back are doing deals and sometimes have questions as they move forward. They ask some good ones, too! J. has a lot of fun as the host of this web show. He gets to answer questions about wholesaling, fixing and flipping, raising private capital, investing in multi-family properties, how to run a proper Cashflow 101 game, how to talk to investors and where to find them... and so much more that viewers always get something out of logging in. In this episode of the Cash Flow Diary podcast, we get a behind-the-scenes peek at a recent Q & A with J. that -- just like all the other episodes -- are recorded so members can watch them any time they want. Listen in and you might just learn some pretty cool strategies you can put to immediate use in your real estate investing business. If you're not a member, takes notes. You're sure to learn something new. If you like what you hear, maybe it's time to consider membership.This show is just one of the perks!

Ken created and edited for 20 years an influential investment newsletter; co-wrote The Real Estate Trusts: America’s Newest Billionaires, first full-length book on REITs; and co-founded a global firm managing $20 billion in assets.

Born in the western Pennsylvania steel town of Butler, Ken received his undergraduate degree from Capital University in Bexley (Columbus), OH, and his MBA from the Graduate School of Business Administration (now Stern Business School) of New York University.  After stints as associate and news editor of House & Home magazine, he joined Standard & Poor’s Corp. as a security analyst before forming Audit Investments Inc. in 1969.  His investment advisory and editorial experiences at Audit are recounted in Watch That Rat Hole … and Witness the REIT Revolution. Now eighty-six, Ken lives with Irene, his wife of sixty-five years, outside Philadelphia.

Jason is a business and executive coach and sales leadership trainer. He’s a leading expert on leadership, culture, influence, and relationship building. 

Jason's worked with well-known CEOs such as Steve Jobs, Mark Hurd at HP, and many others. He's helped his clients meet influencers such as Tim Cook, Bill Gates, Richard Branson and many others. He's also helped his clients create more than $1 billion in wealth over the past three years.

For 20 years, Cameron Herold has been coaching entrepreneurs on five continents, helping them build their companies. He started BackPocket COO to coach and mentor young, fun companies -- and help them make their dreams happen. Herold was a leading force behind one of the most successful new business ventures of the last decade, 1-800-GOT-JUNK?. He was Chief Operating Officer for nearly seven years. Prior to that, he was VP of Corporate Development at Ubarter.com.

Matt "Handshakin" Holmes is an entrepreneur, speaker, author, and world record holder.  He is Founder of the Handshakin Video Series: featuring top entrepreneurs on networking and personal branding strategies.  

After interviewing venture capitalists, members of Congress, and billionaires, Matt has been on numerous podcasts sharing tips on strategically making connections and relationship building. Today, he helps aspiring entrepreneurs implement networking and personal branding strategies.

Cash Flow Diary podcast guest Mark Rampolla is the man behind Zico Coconut Water. I’m talking about the highly popular coconut water beverage my family knows and loves!! Mark wrote a book that has to do with his journey, too. It’s titled High Hanging Fruit and it’s a recommended read.

Mark wasn’t always the trend-setting entrepreneur he is today. BUT what drove him toward starting his own business is that he was never quite like his peers. He wasn’t into the trends, but he watched them with interest. 

He also knew how to set goals. So before he chose the product he wanted to launch he needed something that would scale. He wanted something healthy and that would make people’s lives better if they took it into their bodies. After lots of research and because he happens to love coconut water, Mark and his wife decided that’s what his road to wealth and success would be. 

This success didn’t happen overnight. But then when does that ever happen in real life? He put in 9 years of hard work up front as he grew his brand. Everyone in his little company worked toward his mission. (It’s always about more than just the possible money we can make, right?) 

The great news is that Mark’s little company isn’t little any longer. Because of Mark’s dedication and beliefs about the benefits of his products, he attracted excellent talent to the company, which made growth happen naturally. 

Mark’s story is very unique… and I don’t use that word often. This guy’s energy is contagious. He has a great amount of wisdom that he shares about building a business of YOUR dreams, and if this interview doesn’t motivate you to move further toward your goals, well, I don’t know what to say. Listen in particular to what Mark has to say about “going where others don’t want to go” to get to the success he now enjoys. Learn more. Listen now.