Freedom Through Passive Income

Ep 266 - Week 38 Recap & Key Takeaways

September 23, 2022 Flip & Dani Robison Season 1 Episode 266
Freedom Through Passive Income
Ep 266 - Week 38 Recap & Key Takeaways
Show Notes Transcript Chapter Markers

Flip & Dani review week 38 videos and give you their top takeaways for each episode. Whether you missed an episode this week or just want to hear our top takeaways, you’ll love these weekly recaps!

Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lending

Download your Freedom # worksheet here:  www.freedomcapitalinvestments.com/worksheet

Click on the Social Media links below and listen in on our Private Group Conversations about how to achieve Financial Freedom through a consistent pipeline of passive income investments:  

www.facebook.com/groups/freedomthroughpassiveincome

www.linkedin.com/groups/14048250

—————————————————————————  

This is our week in review with Key Takeaways from each day.

Ep 260 - The Scale of Active Income to Passive Income 

There are different types of income: Commission only, hourly wage, Salary, Benefits (salary), Pension, Annuity and business ownership. 

youtu.be/MbGDJc9Q28A

Ep 261 - The Debt to Savings Scale - To Better Understand Your Freedom Number  

Debt is future earnings that you have already spent while savings is current earnings you can spend in the future. Not all debt is bad. 

youtu.be/d_TBVa2450E

Ep 262 - Motivational Monday: Life is Straight Commission and Owes You Nothing

There are three ways to change your state of mind and they are within us:  Focus, language and body. 

youtu.be/8VORFbIKL5w

Ep 263 - Coffee Talk I - How to Build Momentum in Your Business as a New Investor  

We have found that financial success is built upon preparation, hard work and the choices we make. 

youtu.be/pnGhW76pwvA

Ep 264 - Coffee Talk II - Your Freedom Family Mastermind Community 

It has been our experience that you can be successful in real estate investing IF you surround yourself with the right people. 

youtu.be/T05mMfPX7fY

Ep 265 - Week 38 Live Progress Update

This week, our 8 unit multi-family property sold and we now have completed two successful acquisitions, rehabilitations and exits.

youtu.be/WTQ_CJ-Hebg

Join our groups on Facebook and LinkedIn.

www.facebook.com/groups/freedomthroughpassiveincome

www.linkedin.com/groups/14048250

www.FreedomCapitalInvestments.com

—————————————————————————

Connect with us here:

FB personal pages
www.facebook.com/Flipster
www.facebook.com/dani.lynn.robison

LinkedIn personal pages
www.linkedin.com/in/fliprobison
www.linkedin.com/in/danilynnrobison

Instagram personal pages
www.instagram.com/fliprobison
www.instagram.com/danilynn23

TikTok  personal pages
www.tiktok.com/@danilynnrobison
www.tiktok.com/@fliprobison

Hey everybody! Flip and Dani here, founders of the Freedom Real Estate Group Family of Companies and welcome to another episode of our podcast, which is called Freedom Through Passive Income. That's right and welcome to another Live! Live! Live! episode. I don't know why I do that, I just have to do it every time now. But this is Week 38. Yes. And of course it's Friday. Happy fun shirt Friday. That's right. And I know people are gonna comment on this about the pineapples on my shirt, but I don't care. I like pineapples, they taste yummy. Yes, they do. Anyway, welcome to this is Week 38 - Weekly Recap and Key Takeaway. 

All right, so episode 260. The Scale of Active Income vs Passive Income, now this is still with Ben. Yes. Okay, just making sure. There are different types of income, commission only, hourly wage, salary, benefits(salary), pension, annuity, and business ownerships. We can earn these types of income during the second act of our lives, but at some point, they stop. Yes. All of our active income streams are the keys that will feed the passive income that will support you and determine your quality of life in Act Three of your life. That's right.

Episode 261 was titled The Debt to Savings Scale - To Better Understand Your Freedom Number. Key Takeaway number one, let's examine what it means to have debt and savings. Debt is future earnings that you have already spent while savings is current earnings you can spend in the future. Not all debt is bad. If you create more earnings with your money than what you are paying on a debt, it can be good. Key takeaway number two, there are not two separate journeys of going from debt to saving. But sentence centered weird Joe. It's all on the same continuum. If you have unused or money that is not earning a return, take action today and build the momentum that is your own savings snowball. Use your money to help you reach your own financial objectives.

That's what I get for not pre-reading. And thank you, Joe. Joe is the one that handles all the recaps for us. And so sometimes we literally print them out or usually they're on my iPad, but I had a formatting issue today. And we read and sometimes I'm like, what, what? Thank you, Joe.

So Episode 262 - Motivational Monday - Life is Straight Commission and Owes You Nothing. So key takeaways, we learned from our masterminds experience last week that we are 100% responsible for building the life we deserve. There are no valid excuses and 50% of the stories that we tell ourselves are untrue, which affects our mindset to take action. There are three ways to change your state of mind and they are within us: focus, language and body. That's right. 

Episode 263 - This is Coffee Talk number one. Coffee Talk. This is the idea Ben had where he would just sit down and interview us and so we really enjoyed them. So here's key takeaways of the first one that we did. First one we did was talking about How to Build Momentum in Your Business as a New Investor. Key takeaway number one is today we ask if your financial success is preordained. We have found that financial success is built upon preparation, hard work and the choices we make. Although external forces can influence outcomes, it is critical to have commitment, consistency and putting yourself in a good position with those around you to create opportunities. Key takeaway number two, in order to create financial momentum, you must have confidence in your skills. Grow confidence in your financial skills by asking questions, good questions, quality questions. I wanted to add that in there. When you become educated you build trust in your financial partners, improve your skills and create momentum. If you are not educated you will not understand all the opportunities that are presented. And one of the key principles that is true in every area of life is a confused mind says no. No.

Episode 264 - Coffee Talk 2. And by the way, stay tuned for the next month or two for Bar and Grill talk. But this is coffee talk 2 - Your Freedom Family Mastermind Community. So key takeaway, it has been our experience that you can be successful in real estate investing if you surround yourself with people who can help you overcome roadblocks for which you are not prepared. Your probability for success increases if you have a mindset of abundance, working with others collectively and who are like you in that they are eager and willing to put the hard work in to be successful. In our masterminds experience. We have learned to become empowered, changed our self esteem and our business expectations and have come to realize that a group participation can help bring our ideas to life and we can learn from other's past mistakes instead of having to recover from potential future pitfall. This is what we want to share with you through our podcasts and when you reach out to us through our Freedom Family of Companies. Another take away at the Freedom Family of Companies, we rely on one another for support, utilizing the area of each team member's expertise to help us operate with greater efficiency and grow. The support we receive from each other is integral into our success. That was a tough word. For our investors, we are focused on creating and maintaining an ongoing pipeline of investments that are profitable, that are real estate backed and to be able to give you the support, starting with education to your most important questions, so that you can start to build your own momentum and reaching your real estate investment objective. Yes. 

And then yesterday's episode was our live update. I did not give us two key takeaways. So we're going to wing it right now. What?! I'm going to do deals because that's what kind of like, like, got me all excited when I was like a dragon. So the deals that closed, Grimes closed, and we just bought the 16 units with Ken and congratulations, Eric. So yeah, that's my win. That's your win? Yeah, my key takeaway from yesterday's episode, what's yours? We could talk about the smoke and the gondola and the crazy trains, planes and automobiles. But we did get home Saturday, so that was a good thing. So but I think the most important thing is all of the marketing efforts that we've got moving forward and you know, just we sat in a zoom call the other day, there were seven people on the call, telling us how to do and what they think we should do and it was brilliant. So that's, that's by far. Yeah. Sweet. All right. Anything else? Nope, that's it. 

Well, make sure you're heading on over to our website, www.FreedomCapitalInvestments.com to join our investor club. To find out about all those closings that we just talked about. We'll find out about them there first. That's where I go to find out. No, you just come here in the podcast. Yeah, I wait until here, that's way more fun. But make sure you're checking out the website, the swag and all that stuff on the site. 

But we'd like to end all of our episodes with Invest Smart, Live Happy. Bye Everybody!


Nothing on the show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on the show are not guaranteed, all investment strategies have the potential for profit or loss.


Transcribed by https://otter.ai





Intro
Welcome to our Podcast!
Today’s episode is about Week 38 Recap and Key Takeaways
Ep 260 - The Scale of Active Income to Passive Income
Ep 261 - The Debt to Savings Scale - To Better Understand Your Freedom Number
Ep 262 - Motivational Monday: Life is Straight Commission and Owes You Nothing
Ep 263 - Coffee Talk I - How to Build Momentum in Your Business as a New Investor
Ep 264 - Coffee Talk II - Your Freedom Family Mastermind Community
Ep 265 - Week 38 Live Progress Update
Join our Freedom Investor Club
A motto we live by... Invest Smart. Live Happy.
Disclaimer