The Prosperity Perspective

Sharon Lechter is here today on The Prosperity Perspective to show how to achieve financial independence by investing in multiple asset categories. She shares her avocation that if you want to grow your passive income, it's important to reinvest in your business wisely. Focus on growing your business in a way that is sustainable, scalable, and saleable by building systems and structures that will be in place long-term and that can be easily duplicated and expanded.

Tune in to determine how to diversify your investments so that you have multiple income streams coming from different sources. This will help protect you in the event of an economic downturn or other unforeseen circumstance like the impending recession of 2022/23.

Hear why it's better to invest your time in buying assets that will generate income for you, including real estate, stocks, bonds, and mutual funds. Because it is important now more than ever to diversify your investments so that you are not relying on just one source of income and can weather any economic downturns.

3 Key Takeaways

• Invest in multiple asset categories to diversify your income streams.
• Reinvest in your business wisely to grow your passive income.
• Be comfortable with letting go of some control when you invest in multiple areas.

Resources

Exit Rich by Sharon Lechter

The CASHFLOW Quadrant by Sharon Lechter and Robert T. Kiyosaki

Email Sharon: [email protected] 

Sharon’s workbook on personal success: personalsuccessequation.com

Website

Facebook

Instagram

Twitter

LinkedIn

Guest Dustin Heiner brings a new spin to the old analogy: “Teach your students how to fish, because you can duplicate it over and over in as many cities as you want.” 

After getting laid off and facing the terrifyingly unclear future of caring for his family, Dustin decided to become an investor. In 6 years, he expanded from one to over 30 properties, each of which are making him $250-400 a month.

His mission today is to help as many people as he can to learn how to invest properly so they can obtain financial freedom. One of the most important components to understand: It’s not YOUR job to become an expert in the location you’re investing in. If you want to work 30 minutes a month, it’s about finding the REAL experts of the area and hiring them on–teaching your fish–to manage your business. 

Each property owns inventory. You don’t open an empty convenience store and set out a box of candy bars–the same goes for real estate. Build each business BEFORE you buy the inventory so that you know exactly who will be managing, financing, and repairing your property ahead of time. 

Gain the full explanation and more of Dustin’s first-hand insights on this episode of The Prosperity Perspective podcast.  

3 Key Takeaways

• Your value doesn't come from your job! Stop associating yourself that way and instead do what lies in your passion.
• If you’re investing in real estate, it’s not your job to become an expert about the new area. Instead, ask the true experts and hire one of them to run the business for you. 
• You want to buy the business BEFORE you buy the inventory. Likewise, if you’re buying a property, you’re going to want to know who will manage, finance, and care for it before you start. 

Resources

Text RENTAL to 33777 for a FREE course on investing

masterpassiveincome.com/freecourse for a FREE course

Podcast: Master Passive Income

YouTube

Instagram: @thedustinheiner

About Dustin Heiner

Dustin Heiner is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed.

He is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old.

With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live the dream life.

Today’s guest visits The Prosperity Perspective from the other side of the pond; Phil Blows brings his insights as crypto expert and founder of AQRU in London, a company that manages 8 different crypto-related businesses within it. 

Learn where we are on the crypto adoption curve right now from someone who knows about it, such as how it will become not a replacement but be complementary to our currency system. Educate yourself on this currency that “will increasingly become a part of the average portfolio,” including why 99 percent of the 70,000 available bitcoins will not be worth investing in when you look under the hood. 

Phil also shares his experience moving from being an employee to running his own company and the fears that came with it. He explains why he’s glad to have taken his time to the age of 26 to launch his company because he needed the knowledge and confidence that comes with years of experience. Get his strategic thinking about where to redeploy the assets they made and his number one advice to entrepreneurs looking to begin their crypto venture.  

3 Key Takeaways

• Don’t focus on the money you can gain from a startup. Instead, focus on doing what makes you truly passionate and the money will follow. 
• If you start a business and end up as an employee again, you HAVEN’T wasted your time. Companies are more likely to hire someone who founded a business from scratch because of the experience gained. 
• Your time is your most valuable asset. Don’t waste it doing things that other team members could do better. In other words, do what you do best. 

Resources

LinkedIn

Twitter

AQRU app

Website (Leave a comment about how their service is doing!)

About Phil Blows

Phil is founder and CEO of AQRU Plc, a business that specializes in helping institutional and retail customers earn high interest rates on their cryptocurrency. Phil has more than 15 years of leadership experience in the Fintech and asset management sectors having spearheaded the scaling-up of online trading platforms at several leading companies.

As an expert in financial planning and wealth management, Phil spent 4 years, during his time at UK robo-adviser, Wealth Wizards, speaking with over 10,000 retail investors about how they manage their money and then designed a simple online tool to help give advice and guidance to help everyday people improve their financial health.

Phil also worked as a senior foreign exchange adviser at Continental Capital Markets S.A where he built a global client base of investment banks and advised on derivative investment strategies.

Phil also created the Asset Management arm of global foreign exchange business, Money corps, helping retail customers create investment strategies in the stock and derivative markets. Phil graduated from the University of Leeds and went on to gain an MBA from the University of Geneva. He holds several internationally recognized financial certifications and qualifications, including an Investment Management Certificate from the CFA Institute and has been certified a Block chain Expert by the Block chain Council.

Phil is passionate about improving the financial health of all those he meets and is the author of a personal finance book, The Money Triangle, proceeds of which support various financial education charities.

Today’s guest brings his expert insights to The Prosperity Perspective, with experience investing in, acquiring, and then managing 26 different companies in diverse industries, from real estate to software to call centers. How does he go about managing them all, and in niches outside of his specialization? Xavier Lopez shares today how he learned as he went, including some of the things he wished he would have known about running a business from square one. 

Hear why you should invest back into the company first once you begin to allocate extra cash and be prepared for tax season, regardless of what you think the cost will be. Learn how he identified what companies he would invest in by addressing important factors such as “What are my recurring contracts?” 

Last, gain his top advice to entrepreneurs looking to begin their investment journey with cash just coming down the pipeline. 

3 Key Takeaways

• Do ample research on a business before acquisition; Xavier learned the hard way that just visiting Biz Buy Sell isn’t enough.
• You know when to stop investing in a company when it reaches a point where you no longer have to be there. 
• Start investing your extra cash by putting it back into the business and preparing for taxes, no matter the expected cost. 

Resources

LinkedIn

About Xavier Lopez

Xavier Lopez started his real estate career with a text message from his best-friend-now-business-partner. From there they became residential real estate developers who use all real estate earnings to acquire business to increase cash flow and use business earnings to fund real estate projects.

Guest Daniel Martinez decided to pursue entrepreneurship because he wanted the freedom to spend more time with his family. He quickly learned that in order for that to happen, there are things every entrepreneur needs to understand and implement. 

Listen alongside host Liam Leonard as Daniel gives his thoughts on living a successful and enriched life, starting with the willingness to pivot when life takes you in a new direction–in his case, from real estate to software. Be okay betting on yourself.  

Learn to keep funds going back into the company at all times and know that regardless of niche, your business should be a marketing company or you won’t convert those leads into dollars. 

Most importantly, learn to “automate and delegate” wherever possible. Taking a step back and allowing others to handle the reins will free up a surprising amount of time for you to do what you love and do what you do best. Daniel shares all about this and more in this episode of The Prosperity Perspective. 

3 Key Takeaways

• Always automate before you delegate. You may find you do not have to delegate at all.
• If you want to build a legacy that goes beyond just you, you need to become a content creator.
• It doesn’t matter what niche your business is in; it NEEDS to be a marketing company. 

Resources

Daniel’s Facebook

Social platforms handle: @Hivemind CRM

Facebook group: Hivemind CRM

Text them at 210-972-1842 for their course on how to make six figures on real estate (Keyword: COURSE)

Website: danielmartinez.io

About Daniel Martinez

Daniel has done a ton of different jobs, from painting to door-to-door sales, telemarketing, truck driving, and loading trailers. What he learned most is that he wants to stay in the digital business space. The leverage you can have delivering digital products to the marketplace can yield limitless possibilities.

Daniel started The List Guys in 2020. It is a data and skiptracing service, providing a seller and buyers list nationwide. His clients have been getting great results and Daniel is proud to help people kill it.

He then started the Hive in 2021 with partner Anthony Gaona. It is a real estate and business mastermind that comes with an all-in-one CRM that can host unlimited websites and users.

Starting the Hivemind has been an amazing journey so far. Seeing one of their users make his 6 figure month in June 2021 leveraging our software, Daniel knows there will be plenty more to come!

Marketing expert Wayne Mullins discusses the best leverage move you can make when investing back into the company: your team. Wayne’s team is made almost entirely of people who fit into the “great resignation” era–those with a reputation for being lazy, obsessed with social media, and a poor work ethic. 

Yet, Wayne’s team has been active in their positions for six to eight years. As he will explain, it’s not about the cool snack bar or workout rooms but the culture that you foster every day. 

In this episode of The Prosperity Perspective, listen alongside host Liam Leonard as our guest elaborates on the two ways to invest back into your people and make an impact: 1) Genuinely care for them and make the choice that will benefit THEM, not the company, and 2) Find ways to help each individual become a better version of themselves. 

Reap the reward of watching people lean into who they can become and prove your values, because as Wayne will explain, “Your values aren’t your values until they cost you something.” 

3 Key Takeaways

• Your team is your biggest leverage that you can use in your company; invest in them by connecting on an individual basis and watch them elevate the business.
• Your values can’t truly be proven until the moment they will cost you something. Don’t hesitate to put the rubber to the road and act on those values you set beforehand for the business. 
• When you reach the sales call, your job should be all but done. Make your marketing do the work for you so that the customer is already sold. 

Resources

Website: uglymugmarketing.com

Facebook

Instagram

LinkedIn

About Wayne Mullins

Wayne is a husband, father of 4, founder, CEO, entrepreneur and author. He's a generous soul, a risk taker and an out-of-the-box, against-the-grain thinker & leader. Over the past 20 years, Wayne Mullins has scaled multiple companies and helped hundreds of entrepreneurs do the same with their companies. Wayne influences more than 250,000 entrepreneurs annually through his blog, books and training programs, and has personally worked with clients in over 100 industries–from every corner of the globe. Ugly Mug Marketing has won the praises of some of the leading influencers in the business world such as Neil Patel (Founder of QuickSprout + Kissmetrics) and Ari Weinzweig (Co-founder of Zingerman's).

Today’s guest on The Prosperity Perspective is a living example of why you don’t have to have an investing background to become a successful investor. As Brandon Cobb explains, it’s all about thorough observation, intentional networking, and taking diverse approaches. 

Hear how real estate was the first thing that took off for Brandon after losing his elevated W2 job suddenly and unexpectedly. He jumped straight into the investment space and didn’t look back, committing to real estate and a partnership that illustrates the importance of synergy and the fulfillment of separate roles in a team. 

In this episode, Brandon joins host Liam Leonard to teach listeners to take over their zone of genius and hire out the rest, the benefits of investing back into your business’ marketing strategy, and how he successfully allocated their extra cash to become the professional business that they are today, all in just a handful of years. 

3 Key Takeaways

• Find potential investors who will take good care of your money by picking those who take care of their own. 
• Consider getting your professional real estate status, whether you’re a new small business owner or neck deep in the process. Brandon explains the benefit of doing this in the episode. 
• Start out by finding the people who do what you’d like to do and then give them as much value as possible. Learn as much as you can in the meantime by observing them. 

Resources

Who Not How by Dan Sullivan

Website: www.hbgcapital.net (Check out their free ebooks or set up a call with them)

Facebook

Instagram

LinkedIn

Sam Harris’ regular day: he’ll write for 4-5 hours, exercise for 4-5 hours, and then make music for 4-5 hours. So how does he maintain his wealth? Tune into this episode on The Prosperity Perspective to talk about Sam’s entrepreneurial journey that began at the young age of 21. Like many other entrepreneurs (including host Liam Leonard), Sam didn’t want to fill the 9-5 job lifestyle and decided to try investment instead.  

Discover the profitability in paying attention to opportunity and starting things before those around you. Decide when you want the freedom to do what you love to work on–simply because you love to work on it–and begin working toward that goal by establishing a safety net and identifying your own skills. As a bonus: dive into podcasting and the merits behind the editing choices it offers. 

3 Key Takeaways

• While it’s exciting to begin making additional income out of your investments, remember that the best way to make money is to spend less of it. 
• If you see an opportunity, don’t wait until later to look into it. Sam made his wealth from recognizing opportunity and starting things before others. 
• Do what puts you in your flow zone and keeps you working creatively. Sam decided emails were not in his zone, so he outsourced or removed them from his process. 

Resources

LinkedIn (send him a message to get in touch)

Instagram

Website 

Podvine Podcast Platform 

Growth Mindset Podcast

About 

Sam runs a social podcasting app, Reason.fm, a Techstars-backed start-up.

Users can create and publish podcasts for free and connect with listeners and other podcasters.

 He started his first business at uni which he sold after 4 years and has since launched several others. While some worked and some didn't, Sam is now an Angel investor in roughly 100 businesses.

 Sam runs the Growth Mindset Podcast and the Wiser Than Yesterday podcast as a huge advocate of mindsets and self-improvement. As part of this, Sam has ADHD and writes a newsletter called Explosive Thinking that dives into creativity and out-of-the-box reasons to be positive.

 Outside of work, Sam is Bristol Burrito eating champion (and record holder), hitch-hiked across Kazakhstan, spent a week in North Korea, climbed the Matterhorn (statistically, the 5th most dangerous mountain on earth), nearly died three times, and is a stand-up comedian. Sam has also been a TEDx speaker on why “The Genius You Need To Listen To Is Yourself.”

Everyone has a relationship to money, whether it’s healthy or unhealthy. That relationship affects all other areas of our life. For many of us, including entrepreneurs, we often sabotage that relationship at different points.

Dr. Amanda, AKA “the money healer,” joins Liam Leonard on this episode to share her insight on why we do that, and how to change our mindset to improve the way we see and use money. Whether you earn 20 thousand a year or 200 thousand, if you’re living paycheck to paycheck you have areas where you can improve.

Join Liam and Dr. Amanda in their conversation on building healthy financial habits, and hear her story going from food stamps to six figures.

3 Key Takeaways

• Your habits shape you as a person. This is true for eating and exercising, but we often forget finances as well. Build healthier money habits and watch your life transform.
• Don’t live paycheck to paycheck. The amount you earn is irrelevant, we’re talking about the amount you spend.
• It is true that people don’t start at the same line. Some are born into poor families while others are privileged with wealth. But with the right mindset and lifestyle, it is possible for anyone to reach the same height. 

Resources

Dr. Amanda's LinkedIn 

YouTube channel

NFA Money website

Handle: @nfamoney

About Dr. Amanda

I help full-time coaches go from 5 to 6 figures and stay there. A few years ago, I was surviving on food stamps and I realized that I was lacking the right mindset when it came to money. Once I reprogrammed my “money mindset,” I was able to build a 6-figure coaching business. It is my Zone of Genius to help coaches make more and more money doing what they love.

Do you want to make improvements in your life, but don’t know where to start or what your next step should be? Dorian Lam joins Liam Leonard on this episode to discuss how he aligns himself to the vision he is working toward.

Growing up playing baseball and helping on a martial arts team, he knew the value of mentoring to self improve. But he lost sight of that knowledge, and it took a leadership role at his company to help him rediscover the value of coaching, both in life and in business.

Join Dorian and Liam’s conversation on intentionally increasing overall performance for self improvement, including building daily habits and keeping a clear eye on where you want to go.

3 Key Takeaways

• Find mentors to help you in different areas of your life. They don’t have to be all-encompassing, but coach you through specific steps to improve.
• Remove toxicity and negativity from your life, and focus on positive energy.
• Improving your life is about the small steps. Start building healthy habits by doing the small things, such as waking up earlier or going for a walk outside. 

Resources

Dorian Lam's LinkedIn

https://cornerstonelandabstract.com/

White Paper: Defending the Deal

About 

A born and raised New Yorker, Dorian Lam is a trained management consultant out of NYU's Stern School of Business. He is a Principal and Executive Vice President with Cornerstone Land Abstract. He enjoys identifying pain points and developing solutions. Additionally, Dorian leverages his network to accomplish collaborative goals and solve problems. 

As an experienced advisor, Dorian can roll up his sleeves and get involved in transactions while fostering long term, mutually beneficial relationships with clients and centers of influence. As a result of his value-add approach, warm client referrals are the cornerstone of his business.