Freedom Through Passive Income

Ep 304 - Motivational Monday - ROI vs ROL

October 31, 2022 Flip & Dani Robison Season 1 Episode 304
Freedom Through Passive Income
Ep 304 - Motivational Monday - ROI vs ROL
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Today’s Motivational Monday we talk about something that ties into a lot of our beliefs. How we should invest in ourselves in order to give back, which rang true to us because we talk about our purpose most of the time in these podcasts.

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Every week, we receive emails from Harvey Mackey and one struck a chord with us. It was R.O.I. versus R.O.L.  We all know that R.O.I. stands for return on investment but R.O.L. stands for return on life. In life there are three types of people: the task oriented that have larger goals and ideas, the goal oriented who pursue their own goals and those with a purpose. And while all three personality types are effective in life it seems that those people that have the best return on life have a purpose. Our purpose within the Freedom Family of companies is to make time to help others achieve their goals of passive investing so they can live the life they choose. In order to have a purpose that fulfills you, you have to divide your time into three areas:  First, you must spend half your time earning.  You have to earn to give. Second, you should volunteer to help others.  Third, you should continue learning whether through schooling, coaching or making time to do your own research. 

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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 episode. This is a Motivational Monday. And this is "ROI vs ROL". Yeah. That is not a typo. And I'm gonna give you credit for this podcast episode, because you're the one that actually forwarded me the email that kind of talked about this topic. And we're like, oh, this ties into a lot of our beliefs. Anyway, and we've talked about this previously on a podcast, just not in this way. So why don't you start with a story?

Yeah, so we get these emails every week from Harvey Mackay. Yeah. And check him out and if you have not ever heard of him, you must, not you must, you should, check him out. You must check him out! Yeah, check him out. He's got an email that he sends out every week. And it's great emails, this guy knows everybody. Literally everybody. And so this one came out. It actually came out last week, I think, but I finally had a chance to read it this morning. And I read it and I was like, Oh, my gosh, and I immediately sent it over to you. I'm like, this is a great one. And it's ROI vs ROL. And everyone knows what ROI stands for? Yeah. Return on Investment. Right. It's used when you're talking about money. Absolutely. But ROL, I was like what is ROL? And ROL, stands for? Return on life. Right. That's the ROL. Yes. And so he talks more in this email about the importance of you know, you don't go to school, just for a little bit. When you're growing up, you go to school your entire life, and make sure that you're always learning. And it's just, I love this. I love that article. And I was like, we have to do an episode on this. 

Yeah, so the thing that hit me really was the difference between tasks, goals and purpose, and how he talked about a lot of people are very task oriented. You know, they wake up in the morning, and they get up and they got tasks to do. I gotta do this, this, this, this and this today. It's their list. And I'm a list maker too. And I love checking off the box. In fact, yesterday, Flip had some to do's he had to do and I went to erase them so that way I can help him plan for tomorrow. And he goes, whaa? You have to mark those as done first. Yes. So, I put them back and we marked them off. Even if I have a task that gets canceled. I still mark it as being done. That's messed up. Yeah, no. You didn't do it? Yes, yes, yeah, it was on my list and it was completed.

Anyway, some people are very task oriented. And even if you're a list maker, that doesn't mean that you're task oriented, it just means that's how you get, it's how you achieve things. So don't mistake the two, there are people in life that are just about tasks and tasks only, there's nothing bigger. If you're a list maker, you likely have bigger goals and ideas. That's the second one, he talked about goals. Some people are just after goals, and they're looking to achieve that particular goal. And then the third was people have a purpose. And they said, the people that have the best return on life are the people that have a purpose, they're doing something for a purpose. And that rang true to me because we talked about our purpose in a previous podcast. And it very much starts with our team and everything that we want to do for them and how we treat them and how we want to allow them to live a quality, high quality life and give back to the causes that they care about. And then talking about our investors and how, you know, there's even people that are like, hey, I want to raise hundreds of millions of dollars like we do, but they want to go to a hedge fund and get it. Well, we don't want to go to a hedge fund, we actually want to help, you know, other investors like us. Our people. Get good returns through stable investments. So our purpose is the team and the investors and that concept, and we talk about it a lot. And it is true that yes, we're task oriented because we create lists, but we're also goal oriented. And those goals are very much focused in line with the purpose that we have. And it does help us get up in the morning because it is a return that you feel fulfilled. Yeah, we talked many times about how we used to have a coaching program. And we stopped because it was not fulfilling, people literally paid thousands and thousands of dollars and didn't do what we told them to do. And we said what are you doing? I feel guilty taking your money when you're not doing what I'm telling you to do to be successful.

In fact, that actually ended up being the opposite because it wasn't fulfilling. It was actually draining. It was draining. Yeah. So our purpose now, it is very fulfilling and what we're doing because we see it coming true, everything that we want to do, will it come true in our lifetime? I don't know. But the vision of the team to keep on going and taking it there. I do hope it comes to, you know, true in our lifetime. We say, you underestimate what you can do in 10 years and overestimate what you can do in a year. I think within 10 years, we will have achieved everything that we want to, especially in light of everything that we got going on in 2023. Hello! 

So the other thing that you want to mention is he talked about how he divides up his life, like half and quarter and quarter. So  was it him or was that Nido? I think, yeah, I can't remember. So anyway, one of the people that he talks about in this article is Nido Qubein. Qubein, I think, that's how you pronounce it. If you don't know who that is, you need to check out. Oh, he's amazing. He is the president of High Point University. And I think that's in South Carolina. It's in one of the Carolinas. But I know it's High Point University. Nido actually came to this country with like, like, $20 or something like that. It was something stupid, you know? And he didn't even speak English. Yeah. And so I remember the story about him talking about anything is possible. Like we talked about it on the other episode. Yeah, he would write an English word on one side and on the other side of the definition of it, and that's how he learned the English language. This guy's beyond amazing. He's amazing. Incredibly intelligent, incredibly wealthy. Yeah. So they talked about half your, you know, not half of your day, but half of your time. Half your life. Yeah, half your life is spent in earning. Yeah. Because you need to earn. Yeah. And you have to earn. In order to give, you have to earn. Yeah, exactly that. Yeah. They have to make it to give it. That's right. And then one quarter is just on the giving. Giving back and volunteering. And he really talked about the importance of volunteering. And then the other quarter was on, stay in school. Yeah. You know, always learning. Invest in yourself, yeah. Always learning no matter what it is, and learning a new, what was it? I can't remember what it was, he learned, not a new language. But like he, like if he was going to a new country on a vacation, he would spend time just learning about that culture, and about where he was going. And so it's always learning about things with a purpose. Yeah. But yeah, just the whole article was awesome. If you want the article, I can actually forward you the article. And then you can sign up for this, for Harvey's email list, because I love them. They're great. There's some that are, oh, that sounds good. But some are like, Whoa, this is a great one! Yeah.

Flip forwards them to me every single month. And I know when he writes something at the top, it's a good one. Yeah. Because sometimes you just press forward. And sometimes he goes, Oh, this is really good one. Yeah. So he said that today. And so we read it this morning, literally. And we wanted to talk about it today, because yeah, I think it's very, very powerful to understand that concept. And this just brings me back to when you look at wealthy people and people who are incredibly successful. You see how they surround themselves with people who are at the next level, and how they pay for masterminds, and coaches and groups and they pay a lot of money to be a part of bigger things than themselves. So they continue on growing. There's people with that, you know, mindset of, it's not good use of your money. And it's the exact opposite of what successful people tell. They say I spend, I just saw posts from a friend of ours. And she's like, I spent $20,000 a month on, I've got like, six coaches and masterminds. And she's like, skyrocketed, since she started spending that type of money. She's skyrocketed her business. And it's just, it is a mindset, right? You have to understand that is not a cost, it is an investment in yourself and in your future. Yup. We certainly wouldn't be here without surrounding ourselves with the type of people that we have. And we're grateful to be where we are. And we're continuing to grow because we continue to uplevel, who we’re surrounding ourselves with. That's right. So pretty cool, great article. Thanks for sharing Flip. Oh, my pleasure, love it. Love it, love it.

Well, we hope you enjoyed this episode, make sure you head on over to our website, and join the investor club. Make sure you're catching us in there, make sure you see what we're doing because we've got a lot of stuff going on in there right now. 

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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 in the show are not guaranteed, all investment strategies have the potential for profit or loss.

Transcribed by

Welcome to our Podcast!
On today’s episode, Motivational Monday - ROI vs ROL
Harvey Mackay emails
Difference between task, goals and purpose
Purpose for our team and our investors
What’s fulfilling for us
Nido Qubein
It is an investment not an expense
Join our Freedom Investor Club
Make you check us out on all social media platforms! Link down below
A motto we live by... Invest Smart. Live Happy.