Many baby boomers become consultants after retirement to use their skills and stay active. Our guest today says consulting is limited in income and a time suck. Instead, JV Crum III recommends becoming a coach where you can leverage time, money, and location.

In this baby boomer episode, Jim Enright shares the mic with J.V. Crum III, author of the Conscious Millionaire: Grow Your Business by Making a Difference. He is also a speaker and a coach to coaches, entrepreneurs, and podcasters. He is the founder of The Conscious Millionaire Institute and his non-profit, Conscious World Foundation, actively engages in community projects for the purpose of youth development.

Listen as J.V. breaks down the numerous differences between consulting and coaching, list his 6 steps to reaching $1M in revenue, and explains why retirement should NOT be the goal for baby boomers.

Time Stamped Show Notes:

• 00:09 – Connect with Jim via email; alternatively you can also send a voicemail via the Planet Boomerville website or get in touch with him via Facebook Messenger
• 01:23 – Rediscover the SKILLS that brought you great pleasure, but have been long buried as you went through the various cycles of life
• 01:54 – Today’s guest is J.V. Crum III
• 02:16 – Together, J.V. and Jim will talk about launching your coaching business
• 02:41 – J.V.’s firm belief is that if you’re listening, you belong here
• 03:37 – Most consultants will want to meet in person
• 03:57 – Consulting is mostly paid by the hour
• 04:28 – This consulting setup is very time-oriented
• 04:41 – The downside for consulting is that unless you have several consultants in a consulting firm, you will have a difficult time scaling up to $1M in revenue
• 05:01 – Coaching, on the other hand, is sold in quarter, semi-annual, and annual packages that is outcome-oriented and not charged by the hour
• 05:44 – Your clients should be getting a ROI from what they’ve invested financially
• 07:19 – As a consultant, you’ll do most of the work; as a coach, you help the client figure out their own path
• 08:07 – When J.V. works with a consultant, he tells them that this is not about building a consulting practice
• • 08:14 – It’s about taking one’s skills, knowledge, and ability to get results to a whole new level
  • 09:28 – “Your best clients are the ones that you get best results with and the ones that will tend to pay you the most”
• 10:21 – Being a coach allows you to have the freedom to be where you want to be
• 11:36 – Majority of J.V.’s clients are earning $100-300K and he helps them reach their $1M goal
• 12:08 – Instead of seeing themselves as coaches, J.V. helps them realize they’re actually taking an entrepreneurial journey
• 13:00 – J.V. just recorded the episode, “Is Your Coaching Business Sellable?”
• 13:24 – If you want to sell your business, you have to create a brand that does not include your name
• • 14:16 – J.V. will intentionally create a brand that can be sold
  • 15:16 – “The large game is building a brand”
• 16:24 – You have to make a transition at some point as a coach
• 17:10 – Own the intellectual process, but teach people how to do it
• 17:40 – The 6 Steps to reaching $1M in revenue
  • 18:47 – “What is this all about for you?”
  • 19:08 – Look for your High Impact Vision
  • 19:41 – Identifying these things at the start will allow you to build a bigger business in the future
  • 20:23 – J.V. has never met a coach who is just after the money
  • 21:21 – “The difference you want to make is a solution”
  • 22:01 – You have to be in love with what you’re doing
  • 22:49 – The last thing you want is to end up with a client that is not a good fit
  • 24:15 – Coaching is not about accumulating information – it’s about getting guidance
  • 25:03 – Part of coaching is helping your client transition to the next version of who they are
  • 26:16 – Until he got coached, J.V. never considered that his business could grow $100M
  • 27:19 – Coaching is the most effective way to move to your next level
• • 18:37 – Step #1: Getting Clarity
  • 23:56 – Step #2: It’s not about knowing
  • 29:06 – Check out J.V.’s videos on 4 Steps for Rapid Growth at www.ConsciousMillionaire.com/RapidGrowth
• 30:45 – J.V. grew up listening to music, especially rock music
• • 31:45 – If he could listen to one genre of music, it would be jazz
• 33:32 – J.V. has thought about death quite a bit
  • 34:37 – He wants his death to be a 3-day process
• • 33:24 – For him, death was normal because he grew up in a small town where there were a lot of old people
  • 34:01 – In 1985, he got a vision of how he wanted to die
  • 36:17 – J.V. is very health conscious because he is not interested in pharmaceuticals and disease
• 38:00 – J.V.’s statement in life is, “If you miss your real journey, you miss your real life”
• 38:48 – His personal motto is, “Trust perfect timing”
• 39:49 – The 6 Steps to Reaching Your First $1M Revenue: www.ConsciousMillionaire.com/RapidGrowth
• 40:29 – J.V. has 2 podcasts, the Conscious Millionaire Podcast and Conscious Millionaire Marketing
• 40:47 – Check out J.V.’s book, Conscious Millionaire: Grow Your Business by Making a Difference
• 42:44 – J.V.’s message to baby boomers: Find a bigger purpose for your life than retirement
• 45:27 – “You’ve just begun to live that purpose”
• 45:46 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

3 Key Points:

1. Consulting is a hands-on service that usually requires the consultant’s physical presence. Coaching, on the other hand, offers more freedom and flexibility because it’s outcome-oriented and coaches are not typically paid by the hour.
2. Your first step? Be clear about what you want to achieve in your business.
3. Don’t make retirement your goal in life — think about a new purpose that you can engage in.

Are you a Gifter, Baker, Crafter, or Maker? Has anyone ever told you that the item you made was so unique you should start a business and sell your product? You can keep it small and earn enough for a vacation with the grandkids or take it further. You have the skills. You can learn the rest.

Jim Enright interviews Sue Monhait, founder of Gift Biz Unwrapped who specializes in turning hobbies into skills and businesses. Boomers winding down from their corporate life or are in retirement can draw on the things that they have learned over the years to create a thriving business.

Sue provides various examples of people who have managed to set-up flourishing businesses. She believes that the combination of vision, smart pricing and a sound promotional strategy is necessary for success in business and emphasizes the importance of outsourcing certain tasks.

Tune-in and get inspired in this next phase of your life by tapping into your creative, and perhaps entrepreneurial, side.

Time Stamped Show Notes:

●     01:04 – Rediscover the SKILLS that brought you great pleasure, but have been long buried as you went through the various cycles of life

●     01:51 – Today’s guest, Sue Monhait, founder of Gift Biz Unwrapped, works with creatives and helps turns their hobbies into skills and even businesses

o      02:41 – Folks winding down on their corporate life, already in retirement and even full-time moms should consider picking up a hobby and even monetizing it

o      03:38 – Boomers can pick up on the things that they have learned over the years and build something that they are proud of

●     04:13 – Gifters, bakers, crafters or makers use their creativity to come up with products that resonate with the audience

●     05:30 – Do not miss out on any opportunity to monetize your skill and turn it into a business

o      06:08 – Making your FIRST DOLLAR is a sign that you can turn you skill into a real business

●     07:11 – Sue’s shares some SUCCESS stories

o      07:11 – Den Abbey of Abbey Farms, homeschools her children and sells homemade soap

o      07:32 – Amy Olsen runs Kuhfs, an online boutique which sells fashionable women accessories

o      08:12 – Fabscraps, based in Africa, is run by sisters Brigitte and Janine; they turn textile waste into designer paper quilts

o      08:46 – “Cookies in a Snap” has a creative line of products that let you mass produce cookies

o      09:42 – The Squirrel Away Bird cafe has created bird feeders that keep the squirrels at bay

o      10:13 – Shenia Smith of Lula’s Bath and Bombs is based in Florida and she sells her products all year round

o      10:53 – Check out all these stories and more on Sue’s podcast

o      11:11 – Stacey Horowitz has started an online marketplace, Shopping For a Change which promotes products made by artisans from economically disadvantaged locations across the globe

●     13:06 – You are free to keep your business small and just earn some extra cash on the side; there is no need to grow it bigger unless you really want to

●     15:02 – While traveling for trade shows, Sue regularly meets people who have an idea, but are at a loss with how to execute it

o      15:43 – The idea of Gift Biz Unwrapped germinated upon the realization that she had the necessary skills to help these people

o      16:27 – Have a very clear VISION about what you are trying to build in order to progress from the idea stage

o      17:53 – PRICE your products profitably by factoring in all costs

o      19:11 – Do not make the mistake of DISCOUNTING your skills; something that may come naturally to you might be incredibly difficult for other people

o      20:05 – Concentrate on PROMOTING your brand to attain heightened visibility

●     21:30 – Creatives can avail of one of the courses offered by Sue where you follow a step-by-step guide to structuring a proper business

●     23:00 – Outsource business functions, such as bookkeeping and social media strategy; stick to doing what you do the best

●     24:37 – Loves to listen to Michael Jackson and Elton John; Daniel and Tiny Dancer are her favorite songs

●     25:32 – Would love to live a long life as long as her health is strong

●     28:01 – A huge TRANSITION point for Sue was when she quit her corporate life in order to be with her kids

●     29:41 – Connect with Sue through her website

●     30:36 – Take this FREE quiz which will let you which stage of the business you are in: Beginner, intermediate or Rockstar

●     32:52 – Jim Enright’s sign-off message: Be stellar, and live life lively

●     33:01 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

4 Key Points:      

1. You can turn your hobby into extra income for mad money or create a business. The choice is yours.
2. Folks winding down from their corporate life should consider picking up a hobby and even monetizing it.

    3. Long term VISION, correct PRICING and effective                           PROMOTIONS are key to a successful business.

    4. Learn to delegate; outsource non-critical business functions,             such as bookkeeping and social media strategy, and                       concentrate on doing what you do best.

Jim Enright interviews Stuart Fensterheim, a counselor specializing in couples therapy.

Failure to care about a partner’s needs leads to arguments, pain, frustration and could eventually lead to a relationship’s demise.

Stuart shares how couples can build and repair their relationship to truly lead a happy life. He discusses the value of accessing outside help as soon as possible and why Emotionally Focused Theory (EFT) in an incredible tool to help solve marital problems.

Stuart also urges all couples to acknowledge the effort that their spouses put in small, day-to-day tasks, as a way to show your appreciation for them.

Tune-in and discover ways to nurture, repair and ultimately have a relationship that you so desire and is made of pure GOLD.

Time Stamped Show Notes:

●     00:58 – Boomers need to concentrate on relationships along with health and finance

●     01:25 – Today’s guest, Stuart Fensterheim, has been counseling and teaching couples for the past three decades

●     03:37 – Originally a teacher, counseling is Stuart’s second profession; having watched his dad be in a profession that he resented all his life, he is grateful that he got a chance to take up a career that he really enjoys

o      06:00 – Started working as a couple’s counselor with a family agency

o      06:18 – Since he experienced a lot of pain and anguish from his parent’s divorce; started providing couple’s therapy in order to make a difference

●     07:19 – Leading a FULL and PRODUCTIVE life

o      07:19 – A full and productive life is one through which you can make an impact

o      07:32 – Need to establish a CONNECTION with the people in our world: our kids, our parents and most importantly, our spouse

●     09:41 – The key to your business success is your relationship at home

●     10:42 – A good relationship is the FOUNDATION of a happy life; if the foundation is shaky, then the house above it is going to be shaky as well

●     12:29 – Often the fights that keep on plaguing a relationship tend to injure a relationship; the trigger, rather than the actual issue, is what causes a fight

o      13:47 – A true partner cares about your needs; absence of this care results in an insecure relationship

●     14:04 – Adopts an experimental approach that lets you DISCOVER something new about your partner

o      14:53 – Negative experiences results in people building emotional walls around themselves

o      15:35 – No sooner does a wife express a desire to talk, a man goes into an emotional shutdown; Stuart attempts to prevent this emotional shutdown

●     16:29 – The fact that couples fights a lot is NOT the problem; the real problem is that they do not REPAIR enough

●     20:00 – A relationship that is authentic and vulnerable is like real GOLD

●     20:57 – What causes a relationship to be SABOTAGED

o      20:57 – Beliefs about your partner which are not accurate and acting as if they are

o      21:18 – Triggers that lead to cycles of fighting

o      21:45 – In the midst of a heated argument, it would really help if you could tell your spouse, “I love you. I don’t like how we are talking to each other. Could we do something that would make this easier?”

●     23:02 – Relationships are not “nice to have” but “have to have”

●     23:26 – People who are unable to establish an emotional connection tend to be in an emotionally dark state and do awful things

●     23:58 – Having a great relationship with your spouse results has a domino effect on your friends and family

●     26:00 – A big proponent of pre-marital counseling, Stuart believes that you need to have dialogue with regards to your triggers and insecurities before your marriage

o      26:35 – Equips you to deal with challenges such as loss of job, raising kids and extra marital affairs

o      26:52 – Likelihood of having an affair decreases through pre-marital counseling; affairs are a means to remove loneliness and sex is just a means to achieve that

o      27:47 – Baby boomers need to encourage their children to take up premarital counseling

o      28:35 – Zero-in on specialists who are predominantly dealing with couples

●     29:57 – One of the few attachment-based therapists, Stuart concentrates on dealing with the emotional aspects of a relationship; read Susan Johnson’s book Hold Me Tight: Seven Conversations for a Lifetime of Love to learn more about attachment-based therapy

●     30:18 – Alternatively, you can visit Stuart’s website to learn more about attachment-based therapy; you can also tune-in to the Couple Expert’s Podcast

●     30:34 – Gottman method is the other theoretical framework that deals with couples counseling

●     31:35 – Believes that divorce happens because people give up; if you don’t give up, you will eventually get there

o      32:00 – Resorting to EFT (Emotionally Focused Therapy) can save a marriage

o      32:20 – Does not believe that a divorce is necessary, except in extreme cases where there is substance abuse and domestic violence

o      33:08 – Research shows that couples tend to take the help of a therapist six years too late; resorting to help earlier when there are no emotional walls will surely save a marriage

●     34:34 – Face-to-face therapy is the best option since you can connect better with a person; however, if a couple has busy work schedules, Stuart also does Skype calls

●     35:52 – HIGHLY recommends pre-marital counseling to baby boomers considering remarriage; 50% of remarriages tend to end in divorce

●     37:06 – Get someone to guide you to remove the things that hinder the closeness of your marriage

●     38:41 – Celebrate your marriage by following RITUALS like going on a trip or renewing vows

●     39:05 – Every single day of your marriage, tell your partner how MEANINGFUL they are to you

●     40:34 – Emotional autopsy of a past marriage is important before proceeding into another relationship; figure out what did not work out in that past, and what you were accountable for

●     42:49 – Staying apart from your partner for some time will help you realize what your partner does for you

●     45:35 – As we age, you can enjoy the fruits of your labor in your marriage

●     47:34 – Listens to music by The Grateful Dead, Joni Mitchell and The Allman Brothers

●     49:52 – Wants to die while making love to his wife, Debbie, at the age of 99!

●     50:23 – Cut off ties with his family for a 10-year period on the insistence of his ex-wife; even in  a relationship, there are certain lines that cannot be crossed

o      51:59 – A relationship should fit into who you are; there should be no sacrifices because all it breeds is resentment

o      52:32 – Be in a relationship with someone who has equal values, morals, ethics and desires

●     53:29 – Get a 2 minute video, 5 days a week by signing onto Stuart’s website

●     54:04 – Subscribe to Stuart’s podcast and YouTube channel

●     54:36 – Attend a 2 day, seven conversation weekend hosted by Stuart

●     55:43 – Jim Enright’s sign-off message: Be stellar, and live life lively

Enjoying this episode? Please Subscribe and Rate in iTunes.

3 Key Points:

1.       An AUTHENTIC and VULNERABLE relationship is like real gold.

2.       Utilizing resources and seeking help such as Emotionally Focused Therapy will help you rebuild your relationship and save your marriage.

3.       Show your appreciation for your partner; acknowledge the effort that your partner puts into small, day-to-day tasks.

Jim Enright interviews John Livesay, baby boomer, keynote speaker, author and podcast host. John’s long stint at Conde Nast ended abruptly when he was asked to leave in the aftermath of the 2008 economic crisis.

Instead of cowering and giving up—John rose to the occasion by reinventing himself so that he could stay relevant with the changing times. Little did he know that this seemingly tragic disruption in his career would lead him to some of his greatest accomplishments to date.

John urges all baby boomers to learn new skills in the “third act” of their lives and he also offers some great advice for people who have already taken up retirement.

Tune-in as John shares what he has learned from his tribulations, so that you can take all the highs and the lows in stride. 

Time Stamped Show Notes:

●     00:09 – Connect with Jim via email; alternatively you can also send a voicemail through the Planet Boomerville website or get in touch with us on Facebook Messenger

●     00:57 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

●     01:12 – Boomers find it difficult to deal with career disruptions due to some deep-rooted biases against them; self-inflicted doubts are the greatest hindrances

●     01:36 – Today’s guest, John Livesay is a baby boomer who has witnessed multiple career disruptions; transitioned from being a media sales executive with Conde Nast to a speaker, trainer and podcast host

●     02:33 – Learning to move on….

o      02:33 – John was selling housing ads for W Magazine; he got laid off in the aftermath of the 2008 economic crisis

o      03:28 – Offered to prepare a turnover report in spite of being asked to clear his office that very day; this decision had a HUGE impact after a couple of years

o      04:12 – In spite of believing that “Who we are as people is bigger than our job”, John faced some difficulty in moving on to a life beyond Conde Nast

o      05:35 – Was contemplating selling digital ads

o      06:06 – Keen to acquire new skills to kick off the next phase of his life

o      06:32 – John gives the analogy of silent movie stars who succeeded in making the transition to sound; when faced with a technological disruption, you need to drive yourself to make this transition

o      07:58 – “When you forget who you are, surround yourself with people who remind you of the truth of who you are”

o      08:20 – Felt some initial shame from losing his job; however, he realized that it was a business decision and not a reflection on his abilities

o      09:00 – Leverage your network instead of utilizing recruiters; got a job at a website called The Daily Beast thanks to the referral of former Conde Nast employees

●     09:50 – Isolation is the “kiss of death” when dealing with a career disruption; important to move on instead of wallowing in self-pity

●     10:36 – A friend of John’s refused to take a pay cut and never got hired again; similar to a house up for sale, the longer you are on the market, the harder it is to cut a deal

o      11:08 – Critical to find employment to ensure that you do not become technologically obsolete

●     12:00 – Prepared a 90 day plan detailing how he would find advertising for “The Daily Beast”

o      12:25 – Went to an Apple Store and learned how to create presentations on the iPad; created an excellent presentation showing how he would convince Lexus to advertise for “The Daily Beast”

●     13:34 – Had to settle for a 50% pay cut and a humble office at his new job; learned to deal with this new situation by thinking of it as a “paid internship”

●     14:28 – Managed to successfully convince Lexus and other organizations to advertise; a big BREAK came along when Conde Nast offered to hire him back

o      14:47 – The digital skills that he had picked up at “The Daily Beast” came in handy since Conde Nast was looking for someone with print and digital skills

o      16:02 – The BIG decision that John made when he moved back was to have NO FEAR; this attitude fetched him the “The Salesperson of the Year” Award in 2012

●     16:51 – At this stage of his career, John had developed an attitude where he realized that he was bigger than the highs as well as the lows

●     17:15 – Learn how John managed to start his own podcast

o      17:15 – Got a chance to interact with startups after being promoted to the corporate division; realized that there was a huge need to help startups with their sales pitches, funding and in finding new clients

o      18:21 – Started his own podcast to establish a network of investors who could potentially fund his clients; had to overcome the fear of rejection, failure and technology

o      20:10 – John’s BIG solution for the fear of the unknown: “Don’t do it alone: collaborate”

●     20:46 – John thinks of himself as a stock, since he is investing money in himself

●     21:29 – Got another break when he was able to have Judy Robinett as his 2nd podcast guest on LinkedIn

●     22:09 – Determined to PIVOT again, launched his next big idea which was to help sales teams become expert storytellers and hence, revenue rock stars

o      22:26 – Got his first speaking assignment through a past classmate; delivered a talk on “How to Get to Yes”

o      23:08 – Realized that he could leverage his years of advertising experience and apply it to his speaking career

●     24:46 – Tips and Tricks for Baby Boomers to deal with the “Third Act” of their lives

o      25:12 – In the “third act” of their lives, baby boomers need to learn new skills and leverage all their wisdom

o      25:51 – Finding your purpose and your “Why” is the key to success

o      26:01 – Even if you are retired, you can discover your passion; find a way to give back and get back something in return

o      27:25 – Developing a mindset where you want to genuinely help others will result in pulling in buyers

●     27:47 – Invested in a support group where he could brainstorm strategies to grow his business

●     28:56 – If he had a chance to relive the past three years, John would’ve conditioned himself to have less moments of self-doubt

●     29:18 – Brian Smith, author of The Birth of a Brand told John, “If you start a business, it is like a baby. And no amount of rocking the cradle will get the baby crawling before the baby is ready”

o      29:44 – Develop patience; have faith and keep taking action

●     30:47 – Loves listening to Jim Croce and Harry Chapin; “Time in a Bottle” is his all-time favorite

●     32:18 – Would like to die in his sleep; death is a great way of realizing how precious life is right now

●     33:08 – Connect with John via his podcast, The Successful Pitch or through his website; you can also check out his book

●     33:28 – You can also connect with John via Twitter

●     33:35 – Check out John’s LinkedIn for transcripts of his podcast

●     34:23 – John’s takeaway: “The key to success is confidence, and the key to confidence is preparation” – Arthur Ashe

●     35:38 – Jim Enright’s sign-off message: Be stellar, and live life lively

●     35:47 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

●     36:06 – Download your personal copy of the Boomer Manifesto on our website

3 Key Points:

1.       Leverage your network instead of resorting to online recruiting when faced with a    career disruption; do not isolate yourself, surround yourself with friends and family and keep on taking action.

2.       Just like a house that is on the market for too long and loses its value—if you are unemployed for too long, you can’t keep pace with the rapid technological developments.

3.       Keep your patience when you start a new business; have faith, keep on taking action and do not yield to self-doubt.

www.PlanetBoomerVille.com

Listen to this, especially if you do not own real estate, or don’t think you should. You’ll learn how a missionary fresh off Haiti acquired over 100 units in 3 short years.

In this episode, Jim interviews Bill Manassero, real estate investor, baby boomer, and real estate podcaster. Founder of the Old Dawg’s REI Network, host of the Old Dawgs Real Estate Network Podcast and Executive Director/President of Child Hope International, Bill has set the audacious goal of owning 1000 doors in 6 years. Currently, in year 3, he has already managed to own 100 doors. Bill shares his real estate journey—beginning with his very first purchases that were out of state to where he is today. He discusses how he scaled up by taking on mortgages or “good debt” and explains why he advocates for investing in multi-family homes as opposed to single-family homes. Bill urges all baby boomers to consider real estate investing as a way to fund their retirement. Tune in as Bill shares some of the hacks he’s learned along the way so that you can yield amazing cash flow from your investment property as soon as possible!

Time Stamped Show Notes:

●     00:37 – Drying up that cash flow is a predicament that many boomers face; this is a fact discussed by Todd Tresidder in Episode 32 and Jordan Goodman in Episode 18

●     01:07 – However, some people have lifetime pensions and no financial worries

●     01:16 – A couple of market haircuts might mean that even $1 million in savings may not be enough for retirement

●     01:37 – Jim recently closed on a duplex and was speaking with a home inspector

o      01:43 – Found out that the home inspector owned 15 rental properties

o      01:58 – When the market crashed, his real estate holding dropped like everyone else’s; however, his rental checks started coming in with increased regularity

●     02:23 – Today’s guest, Bill Manassero, is a baby boomer, real estate investor and real estate podcaster with a goal of owning 1000 doors

●     02:58 – Bill worked as a missionary in Haiti 12 years back

o      04:01 – Towards the end of his stint, Bill left with no retirement benefits and was wondering what to do next

o      04:25 – Was keen on becoming an entrepreneur since he wanted to enjoy his retirement years with his wife, kids, and grandkids.

o      04:38 – Inspired by the likes of John Lee Dumas, he ventured into the world of internet by selling Amazon’s stuff on EBay

o      05:10 – Was making decent money, but then got kicked out of EBay due to a couple of bad reviews

o      06:02 – Invested his inheritance into 5 properties in Memphis and Atlanta

o      06:58 – On the back of his initial success, invested in another duplex in Indianapolis

o      07:17 – Still associated with Child Hope International based in Haiti; set a goal of 1000 units by the end of year 6 with the goal of benefiting this non-profit

o      07:41 – Simple strategy of doubling units every years; has managed to reach 100 units at the end of year 3

●     08:30 – Started blogging his real estate story which slowly evolved into a podcast; aiming to help people who are approaching retirement or already in retirement

●     09:40 – Purchased his first three properties in cash; realized that if he wished to grow further, he had to take up mortgages, which is “good debt”

●     11:02 – Aims to make a cash flow amount of $100 per door

●     12:10 – Inflation means that a dollar today will be worth less in the future; investing in real estate is a great way to counter inflation

●     12:49 – While some stocks might totally dissolve in value in a tough market, that is not the case with real estate

o      13:17 – No matter how bad the economy is, people will always need a place to stay

o      14:02 – Real estate is a tangible asset, and historically values have always gone up in real estate

●     14:37 – Define your needs in order to zero in on a property investment; if you need $200-$1,000 more, consider a single family home, duplex or fourplex

o      14:56 – Apartments are a way to get to a high-income level quickly

●     15:17 – Ended up paying the same amount for the duplex as two single family homes but got twice as much rent; single property tax and low maintenance were the other perks

●     15:32 – Started investing in multi-family homes to exploit economies of scale

●     17:00 – 4 steps to invest in property:

o      17:06 – Education is the first step; know what you are buying and where you are buying

▪       07:14 – Do not buy in a market that is on the decline; buy in a market where jobs are being created and there is demand for housing

▪       17:29 – Know the kind of property you want to get, and what you hope to get out of that

▪       17:44 – Know what you are buying, and what you should be paying for the property

▪       17:52 – Not recommended to buy a turnkey property since you end up paying a premium; no guarantee if the property manager is any good

o      18:23 – Find a mentor who will help you build a rental portfolio

o      18:39 – Determine how much money you need to set aside, create a plan about the amount of money you need to set aside and the properties that you need to buy

o      18:55 – Step in there and take action

●     19:38 – Your education is put to good use after purchasing a property as you need to find tenants and deal with taxes

●     20:45 – Bill is based in California but owns properties in Memphis, Atlanta, and Minneapolis

o      20:55 – Better to find a property in your own neighborhood

o      21:35 – California is a speculative market and not right for someone looking for a good cash flow

o      21:56 – Tennessee is a big commercial hub; great demand and duplex prices as low as $30,000 renders it a good market

o      22:22 – Zillow estimate for the Minneapolis property that Bill purchased for $55,000 is currently $150,000

▪       23:02 – Rents out this property at $2,200 per month

▪       23:56 – After having the property vacant for six months, was able to get a good property manager and subsequently tenants through BiggerPockets

●     26:10 – Bill talks about his experience purchasing a 22 unit complex in his second year

o      26:25 – Found a 22 unit apartment property on Loopnet selling for $400,000

o      27:53 – Offered $370,000 and ended up getting the property for $350,000 after inspection

o      28:02 – Appraised value by bank was $400,000

o      28:24 – 30% down payment was required due to Bill’s poor credit history

o      29:06 – A multi-family home consisting of more than 5 units is looked upon as a business plan

o      29:39 – After refurbishing the property, the value of the property has doubled

●     31:48 – Top reasons for boomers to invest in real estate

o      31:50 – Strive to arrive on accurate valuations and driving up passive income

o      32:08 – Bill’s properties are located in other states; recommends a passive investment approach where the property manager is the one dealing with the daily grind

▪       33:04 – Finding a good property manager is critical for out of state investors

●     33:16 – Open your properties under LLC to protect your other properties and personal assets; matters are generally settled between the tenant and the insurance provider and an out of state investor is completely out of the picture

o      33:50 – If the tenant knows you, they are more apt to go for your personal assets in the event of a lawsuit

●     37:34 – Looking back, Bill would have slowed down a bit and found time to listen to people a bit more

●     38:41 – Connect with Bill through his email

●     39:01 – Check out the Child Hope website to know more about how they are helping children in Haiti

●     39:53 – The Old Dawgs Real Estate Network Podcast is geared towards 50 plus individuals looking to invest in real estate

●     40:21 – For Bill, investing in real estate is a way of helping out the kids in Haiti, visiting different places, and giving his daughters the marriages of their dreams

●     41:50 – Just because you are retired does not mean that it is over

o      42:09 – Bill started investing in real estate at the age of 60 and is loving every minute of it; real estate investing is like a hobby that reaps great rewards

●     42:39 – In Planet Boomerville, we know that life is just beginning, and the whole idea is that this part of life is to be as good or better than the prior life

●     43:40 – Jim Enright’s sign-off message: Be stellar, and live life lively

●     43:50 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

3 Key Points:

1.       Do not buy in a market that is on the decline; buy in a market where jobs are being created and there is demand for housing.

2.       Investing in multi-family housing is a great way to exploit economies of scale.

3.       A passive investment approach can yield rich returns for you; hiring a good property manager is critical for out of state investors.

Be sure to visit www.PlanetBoomerVille.com 

In this episode, Jim Enright interviews Flora Brown—author, speaker, publishing coach and guided autobiography facilitator. Flora conducts guided workshops, structured on the philosophies of the famous Dr. Jim Birren, (be sure to read the eulogy to Jim B.) to assist baby boomers through the process of creating and sharing their life stories. The heart of this exercise is to give baby boomers an opportunity to open up about their life story and provide the most honest, unembellished version that they can. The hope in this is that those listening—children, great grandchildren, and even peers within the workshop—can learn from one another and come to the realization that we are not that different after all. Tune-in as Flora shares some of the pivots she’s had to make in her own life and why Wayne Dyer got it right when he said: “Don’t die with the song inside you”.

 Time Stamped Show Notes:

●     00:36 – Boomers often leave their children and grandchildren their hard earned inheritance, which the children tend to cash out in a jiffy. What will be left of your life and the history that you retain?

o      1:27 – This episode is for people who care about the gifts that they give to their children and grandchildren

o      1:38 – Today’s theme is in continuation of Episodes 27 and 28, where Jim expresses regret for not asking about his Great Aunt Helen Proust and Great Uncle Jonny Proust about their lives, 45 years ago

●     02:02 – Get tips and tricks for writing heartfelt letters in   Episode 48

●     02:17 – Get easy, smartphone video tips for writing about your legacy from Jon Daly in Episode 49

●     02:24 – Jim introduces Flora Brown

o      02:25 – A baby boomer who has just published her 11th book, Color Your Life Happy: Create Your Unique Path and Claim the Joy You Deserve

o      02:47 – Conducts a class called, “Writing your life story two pages at a time”

o      03:28 – “Life Story” involves writing 2-page anecdotes about your life’s memories

●     05:00 – Rarely do we have information about our parent’s lives

o      06:12 – Sharing our life story with a group of people often renews respect for our parents, develops self-respect and builds confidence

o      07:19 – Get empowered to look at your goals and life in a very different way

●     07:45 – Get encouraged to share some of your family’s uncomfortable history that you have been hiding inside of you

o      08:28 – An environment of trust and the knowledge that your information will never leave your writing group encourages you to share the truth

●     09:13 – A workshop encourages you to share a pure, unembellished version of your story—it is not ego-maniacal at all

●     10:13 – Give a chance to your great grandchildren to know you through your life story

●     11:19 – Flora regrets the facts that she never got a chance to know her grandparents and great grandparents who were slaves

●     12:30 – Reading about our parent’s struggles often makes us realize that we are in a much better position than they ever were

●     13:20 – Your life story can be two-inch or a two-page book

●     14:41 – Donna, Jim’s wife’s grandmother, passed on a cookbook which was made into a booklet for the entire family

●     15:29 – Flora’s grandmother left behind her recipes on 3 by 5 cards

●     16:13 – Flora’s AH-HA moment

o      16:13 – In spite of having a Bachelor's in English, Master's in Reading and a Ph.D. in Curriculum and Instruction, Flora never got around to writing her own life story

o      16:50 – She tried different techniques but to no avail

o      16:58 – Leveraging on the social factor of being in a writing group under a trained leader made it really easy for Flora to write her life story

o      17:36 – Richness of a story was enhanced by being a part of a guided group

●     18:03 – A peek into Flora’s guided writing methodology

o      18:03 – Activities before actually writing help you trigger your memories. For instance, Brenda asks participants to prepare a life timeline with five-year gaps

o      20:08 – Subsequently, people are asked to pair up with a partner and share their memories

o      20:22 – Next, participants pick up a theme from 14 options—Flora terms this part of the process as “branching themes”

o      21:21 – A five-week course where you will be meeting for 2 hours every week

o      22:26 – Concept originally designed by Dr. Jim Birren

o      23:48 – Workshops are offered in libraries as well as private homes

●     23:53 – A group in Connecticut has been writing for two years now

●     24:25 – Most people give their notes to their families alongside their will

●     24:47 – Realization that we are not very different once we hear each other’s life stories

●     25:30 – Writing stories is a great starting point to create a video interpretation

o      26:01 – Great idea to add audio or video in addition to the written version

●     26:45 – Flora’s mother was a musician. Flora grew up with music at home, church, and school

o      27:09 – Flora’s favorite music: Oklahoma, My Fair Lady, Chances Are by Johnny Mathis, Temptations, Unchained Melody by Righteous Brothers, Michael Jackson

o      28:32 – Flora favorite church song: ‘If I can help somebody as I pass along, my living will not be in vain’

●     29:24 – Having lost her 40-year-old son, Flora realized that life is uncertain and the only thing certain is the inevitability of death

o      30:47 – Flora cites Wayne Dyer, “Don’t die with your song inside you”

o      31:14 – Wishes to die fulfilled and having done all she could do in this lifetime

●     32:06 – The pivots in her life

o      32:06 – Having grown up in St. Louis, Missouri, Flora is grateful for having moved to California at a young age

o      33:03 – Grasped opportunities and took risks

●     34:47 – Connect with Flora through her website

●     35:00 – Check out Coloryourlifehappy for details about Flora’s books and access to her blog

●     35:10 – Get your book published by logging on to Coloryourlifepublished

●     35:35 – Key takeaway: If there is something that you want to do in your life, then start it today

●     36:45 – Jim Enright’s sign-off message:

o      36:45 – Be stellar, and live life lively

●     37:04 – Spread the word with your baby boomer friends in person and on Facebook—Teach them how to listen to podcasts and how to subscribe

3 Key Points:

1.       Writing and sharing your life story is an excellent way to connect with your children, great grandchildren and your peers; we realize, once we hear our stories, that we are not that different from one another.

2.       Share the uncomfortable truths that you have been hiding within you—it is a part of your legacy and gives insight to the next generation about what you’ve been through.

3.       If there is something that you want to do in your life, then start it today!

If you enjoyed this, please tell your baby boomer pals and show them how to subscribe and review Planet Boomerville in iTunes.

You remember receiving letters from your parents and other loved ones. Perhaps you still have them in a box. Listen, and be reminded, as Lynette Smith, author of “How to Write Heartfelt Letters to Treasure,” walks through the reasons to write, how to write with purpose, and the family legacy you can create with letters. Not text’s or emails.

- It began at her son’s wedding.

- Feelings from the heart.

- Acknowledging positive attributes.

- Don’t let them go to grave wondering or not knowing.

- Write when the magnitude of your gratitude is bigger than a thank    you note.

- Digital media -

- Handwritten or typed?

- Are we the last generation to write letters?

- The components of a letter:

  - Share a treasured memory.

  - Positive qualities.

  - What person has meant in your life.

- Make a list of people to write to.

- About her book:

  - How to plan

  - Special occasions.

  - Occasions made special.

  - The appendix.

  - Famous quotations.

  - Prompting ideas.

Music - Liberace - Moonlight Sonata

          - Elton John

          - Julie Collins

Death and Dying.

Looking back from 95.

Final Thoughts-

- Mending torn relationships.

- Can be saved for grandkids and great grandkids - family legacy.

- Write to family and friends who have passed on.

Contact Info

www.AllMyBest.com

http://goodwaystowrite.com/

Clever scammers rob billions from innocent people, including our parents, and yes, perhaps even us. Learn the tricks and emotional buttons they push to cause smart people to open their bank accounts.

- 43 of 44 scams not reported.

- Where do scammers come from?

    - Most in our back yard.

    - Family on Family the most common.

- How does it all begin?

- The emotional buttons.

- Scammers are well networked and pass on victim's name
   onto on the dark net of scammers.

- Scammers find the emotional button and push until emotion over rides reason.

- Five Big Emotional Buttons:

   Fear, loneliness, anger, greed, sympathy.

- Examples of scams.

- Children must ask themselves- “are my parents lonely?”

  - Do they have any new friends not telling me about?

- The parent-child roles are now reversed.

- Things to notice: changes in dress habits; unexplained expenses.

- You must question your parents, because the scammers are- “don’t tell

  your children,” and “they don’t love you.”

- Scammer profile.

- Top Scams - Grandparent, Lottery/Sweepstakes, IRS, jury duty.

- Facebook settings when software updated.

- Music

- Death and dying.

- Looking back from 95.

Resources

http://2guystalking.com/category/scammercast-podcast/

@BaileyLaw1

Facebook - @Curtis Bailey

Curtis R. Bailey

Huffman Law Offices, P.C.

Shiloh, Illinois 

Marc Goodman - Future Crimes

We live in a biased world. Media outlets all have their own bias. Print publications do too. Much of the news is entertainment based, driven by declining profits. Learn as John Daly of www.InformedNotInflamed.com educates you as to the types of biases, where to find balanced information, and how to interpret what we hear and read.

- You must become the most important journalist in your life.

- The ROIL system - read, observe, interview, learn.

- Go to newspapers first.

-Third Way

-Stratfore

- Biased channel do have excellent reporters.

- NY Times, Wall Street Journal, and Washington Post.

- About the first five paragraphs.

- Subscribe to The Economist - European with a different perspective.

- Develop your filter and understand bias.

- The Entertainment and Sports Bias.

- Political news sources:

   House and Senate sites.

   Real Clear Politics.

  The National Review.

  Talking Points Memo

- Social Media is not sourcing information.

- John has observed that those with the most information and knowledge speak less and listen more.

- About Niche Biases - Baby Boomers and millennials.

- Older experienced RePorters being replaced with younger ReCorders.

- The Political Money Bias.

- Pharmaceutical Bias and creation - book to read.

- Special Interest Politics bias.

- Hospitals and Physicians taken over by Wall Street.

- Music -

- Death and Dying

- Looking back from 95.

- Final take away - Understanding what the problems are.

Contact Info

http://informednotinflamed.com/

[email protected]

http://nowtv.tikilive.com/

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Glenn Livingston is the author of the best selling book, Never Binge Again. Review Episode 21 for the foundation of this conversation.

#1- Make a character commitment.

-the opposition of will power and character building

-will power is a fatiguing muscle.

-the solution - make a character commitment
 about the person you would like to be.

-NOT rules based.

-The type of person we have decided to be.

-Character trumps will power overtime.

-Translate rules for healthy eating into the kind of person you would like to be.

-The voice in your head says you always failed in the past.

-Wayne Dyer’s analogy of a boat wake.

-Make the decision before hand.

-Avoid being in the moment making spontaneous decisions.

-At the moment of temptation, the lizard brain takes over.

-The moment wins.

#2- Mindfulness is enhanced by discipline.

-The rules are a hack to observe the monkey mind.

-Freedom sits on top of discipline.

-Mindfulness is a discipline.

Listen to Episode 21 for the original interview and foundation.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?