The IDEAL Investor Show: The Path to Early Retirement

Episode 3: The 70-20-10 Rule for investing with Lane Kawaoka


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More on YouTube? Visit here: https://www.youtube.com/watch?v=IZn_IQjPgts

Who is Lane Kawaoka?

  • LANE KAWAOKA has been investing for over a decade and now controls 4,800+ units. As the owner of CrowdfundAloha.com, SimplePassiveCashflow.com, and ReiAloha.com, Lane handles finding investment opportunities, analysis, and marketing. 
  • Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. Also,  to an analytical engineering background, Lane has real-world experience in working as a project manager for over $250 million dollars of capital construction projects in both the public and private sectors. 
  • Working as a high-paid professional in Corporate America and frustrated by the traditional wealth-building dogma, Lane was compelled to inspire and mentor other working professionals via his Top-50 Investing podcast at SimplePassiveCashflow.com.

Strategies:

  • Why did Lane start with Turnkey investing? Rather than flipping, syndications, etc.
  • Average joes like Lane and Axel developed a disciplined lifestyle in the beginning. It helped them improve their portfolio
  • Find a community, a tribe with like-minded people, and mentors to help you move forward in your investing journey despite all the noise (disapproval, confusion, discouragements, and etc.).
  • How does the 80-20 work in rental investment strategy?

Quotes:

  • Don’t spend $11 while ONLY earning $10!
  • Do you like to increase your freedom, and have the ability to make your own decisions?
  • What does it take and what are you doing to increase/reach your freedom?
  • Are you willing to take steps X, Y, and Z laid up for you by mentors, teachers, or gurus? If not, what better plans do you have?

Investor Q&A Round:

Q: What’s your favorite book?

A: I would read mail and The Real Estate Investor by Gary Keller, but I'm not a book guy. 

Do you know the 70- 20- 10 rule? 10% reading books and [listening to] podcasts. 20% comes from working with other people- what you get from others, like your community or a mentor. And the 70% is getting out there and doing it! 

Q: Who do you look up to?

A: Those nameless, multi-millionaire eight-figure investors out there, I just need to look for them. 

Q: If you had a time machine, where would you go and what time would that be? 

A: When I paid off my debt, because I had some extra money, like 20, 30 grand lying around.

What an idiot I was back then! Sophisticated investors pay more, pay attention to their net worth, cash flow, and debt amount with the interest rate.


Enjoyed this episode? Don't hesitate to give a review here. :)

Say hi to Lane at www.simplepassivecashflow.com and avail his free Passive Investor eCourse!

Start taking action right NOW!

  • Goal-setting the right way! 
  • Hesitant to make the first step towards real estate investing? Axel learned t

Any questions?

***

Grab my 10k/month passive income strategy and weekly newsletters at https://tinyurl.com/iwg-strategy

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The IDEAL Investor Show: The Path to Early RetirementBy Axel Meierhoefer

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