Tue, 26 February 2019
I wasn’t always wealthy... I didn't come from money, I never had an upper hand in life, and I’m not even that great at managing my own money. But thankfully I had a few people in my life who took their time to show me how to view money in a completely different way, recognize the opportunity that is available to everyone, and create abundant, lasting wealth that brings real freedom & flexibility, and allows me to make a massive impact. And today, I’m going to break it all down for you. Get ready to take notes and follow me on IG @trevor.mauch to get my wealthy “cheat sheet” and other golden nuggets from this episode.
4:13 - Whether good or bad, our worldview of money is shaped at an early age. Hear Trevor’s backstory of growing up without much money, but having parents who built their own businesses and shaped his mindset around money.
10:15 - My journey from making 16k/year to 200k in my late twenties to Carrot bringing in just under 6m in revenue.
13:59 - Wealthy people don’t gauge their worth by how much money they make. After 60-70k/year, income has diminishing returns.
16:19 - Wealthy people realize the opportunity to create income is abundant - Scarce vs abundance mindset.
17:24 - Breaking down misconceptions around money and happiness. - If you don’t first find purpose in your work, the money will never make you happy.
19:05 - Chuck’s Texaco - How one mechanic found happiness and purpose in his work, and never wants to retire.
21:48 - Wealthy people create income from assets vs creating income from a job.
22:43 - How Trevor entered real estate at age 21, by buying his first rental property with only $600.
26:12 - Wealthy people invest and give, while others save and spend. Check out The Latte Factor!
28:51 - Wealthy buy only what they can afford in cash. Others take loans and debt on consumer goods. Create wealth-building habits that map to your goals.
30:41 - Wealthy people use credit cards the RIGHT way - to grow wealth and help manage finances.
31:55 - Wealthy people’s expenses stay well below their income threshold, instead of rising.
33:09 - Wealthy people buy back their time in the early stages, instead of buying more stuff.
35:33 - Finding Happiness in a 535 square foot apartment.
38:19 - Wealthy people focus on adding income, not cutting expenses.
39:54 - Wealthy people become wealthy by adding value to others, not by taking money.
43:20 - Working for free...People pay what your services are worth to them. Understand your immense value, have the confidence to tackle your insecurities, and start charging what you’re worth.
48:17 - “The best things I ever spent money on were experiences.”
51:05 - “You are rich right now” Money aside, what do you have in your life that makes you rich? Share with us on Instagram, what makes you #richrightnow
59:50 - Create positive, situational affirmations around flawed money mindsets.
Tue, 19 February 2019
I thought I had it all figured out. I was making over 100k a year as my own boss. But I wasn’t happy. I wasn’t who I wanted to become - the best version of myself. I was Insecure. I was afraid of failing. I knew there was something more and I was going to do whatever it took to take the leap of faith, even if it meant walking away from everything I’d built. It was time to chase my vision. It was time to take a risk, conquer my fears, my insecurities, and forget about what other people think. It was time to go down, so I could go up.
2:18 - I was miserable… It was 2010 and I’d hit a financial low of making just 16k a year. Something had to change. I knew there was more. More purpose, more happiness, more purpose. I had to transform.
4:48 - Why risks and sacrifices, and ultimately facing your fears must come before success: A tree, a seed, and a bird.
6:57 - 15 20 years later fully grown - a bird makes a home. Producing fruit and purpose. Momma bird raising the babies. Baby wants to fly, has to stand on the edge of the nest and jump off. Innate drive to fly and succeed
10:03 - I finally had a breakthrough and netted 15k in one day! At the time I thought I had it all figured out. But I wasn’t happy. I wasn’t where I wanted to be. I had to take a leap of faith and figure out how to make money while being happy, having purpose, and adding value.
12:15 - I’m someone who doesn’t ask for help. I tried to leave it all up to myself and do it alone. I had to get over that. I had to shed my shell, get transparent, and get over my insecurities.
15:04 - “I’ve got a plan” Why any time someone criticizes you for following your own dreams, they’re speaking to their own insecurities or inabilities.
19:35 - Ego was one of my biggest obstacles. I had to conquer that too.
20:56 - I want to give you permission to take a step back, to forget what other people might think, and take a step down, so you can grow up. Let me walk you through writing down your “shells” aka what’s holding you back. What do you need to conquer?
23:39 - Now write down your vision - the seed, water, and the tree. Does it get you insanely excited? Does it give you the energy you need to become your best self?
24:55 - Finding your purpose.
Tue, 12 February 2019
Jack Bosch is the expert when it comes to land. In 17 years of flipping land, he has successfully flipped over 4,000 lots, and plans to flip about 15 deals PER MONTH this year! 2019 has been his best year ever and he’s going to share why now is an amazing time to start and how you can break into the market with a few tips and tricks. Learn how to create cash flow that provides generational wealth and get the knowledge, capability, confidence, and courage to succeed.
4:03 - Jack’s background in Real Estate - His main game is land flipping, but his team also deals in multi-family and other markets.
8:46 - Creating cash: Using the wheel of wealth to reduce expenses and invest it into assets.
23:21 - The 3 types of land Jack goes after and exactly how to find land buyers and sellers that turn into the best deals.
27:46 - Jack Bosch’s top tips on how to start buying and selling land.
35:30 - Breaking down the math behind Jack’s investments. How much revenue are his deals generating?
42:30 - Jack’s marketing mix for finding buyers and sellers. How direct mail and online are working together.
47:27 - Top resources for where to find buyers for land. Carrot.com with PPC and, LandWatch, Lands of America, LandFlip, Facebook Marketplace, Craigslist, RedFin, and Zillow. Start with free resources and amplify them with paid.