Escaping the 9 to 5; How I Did It. Interview with Mike Butler

 

Escaping the 9 to 5; How I Did It.

Escaping the 9 to 5; How I Did It.

 

This second interview in my video series, “Escaping the 9 to 5; How I Did It” is with my friend and fellow investor Mike Butler who lives right here in my hometown Louisville, KY. I was very excited to get Mike on board because he is another one of those folks that is what I call a “street smart real estate investor” that has become very successful. He learned by jumping right in and taking action.

That’s not to say that he takes education lightly. As he will point out in this interview he had a lot of help along the way in the form of mentors, folks in our local REIA group, courses and books. Like me, Mike is a lifelong learner. You will also find out in this interview that the more successful he got, the more he spent on furthering his education.

Mike began his investing career while he was still a full time undercover police detective.  Continue reading

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What’s Your Freedom Plan?

 

Do You Have A Freedom Plan?

Do You Have A Freedom Plan?

 

Like a lot of investors, when I first got started I had a plan. In fact I thought it was a darned good plan!

My plan was to rehab and sell one house, and then take those profits and buy two rentals. I was creating what I called “My Freedom Plan”; my plan for “Escaping the 9 to5”.  And like most plans, it wasn’t very long before I realized I was going to have to make some major changes. You see, I was a total newbie. And as a newbie, you just don’t know what you don’t know!

 
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Escaping the 9 to 5; How I Did It With Mitch Stephen

 

Escaping the 9 to 5; How I Did It With Mitch Stephen

"Escaping the 9 to 5; How I Did It"

Did you ever wonder how those folks that have already managed to “Escape the 9 to 5” did it?  I know I have!

 

This is the first video interview in my brand new series called, “Escaping the 9 to 5; How I Did It”.  These interviews are perfect for folks that are still trying to escape that J.O.B. which we all know stands for “just over broke”. For anyone that has already left that job behind and is traveling down the path of entrepreneurship, you are going to really enjoy hearing how other folks did it.

You will find out that for some people it was a very calculated move. They had a plan and they worked the plan before quitting their job. Other folks may have been working their “escape plan” when they suddenly lost their job and were forced to dive right into a business. There are many different stories and each one of them contains things that will help individuals on this path whether by choice or by circumstances. Continue reading

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How Real Estate Investors Are Going To Clean Up This Housing Mess

  

Housing Mess Stealing houses

Helping Folks - Not Stealing Houses

  

Last week I had the pleasure of being interviewed by Steve Yoder who is a reporter from New York. He writes for a publication called “The Fiscal Times”.  Steve was writing an article on the current housing mess and his belief that real estate investors will play a huge part in cleaning up this mess over the next few years. In his article, he talks about the role of not only big investment companies, but the importance of small companies and the role they will play in the recovery of the housing market.

His article came out this week, and I was so impressed by it I wanted to share it.

You can read the article here.

 

 

 

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Your Tribes and Your Success

 

Your tribes and your success

Who's In Your Tribes?

Well, there are a number of reasons. The folks in your tribes are typically your cheerleaders. When you’re having a tough day, they will be there to cheer you on. When you are sick or have a family emergency, your friend and family tribes will jump in and provide whatever type of help you need. These are the people you can count on no matter what.

Your business related tribes will be there for totally different reasons. If your business is down, they may be there to cheer you up, but they will more likely be there to help you find a solution or help tweak your course. They will be business problem solvers and trusted people to bounce ideas off of in addition to cheerleaders. These are the folks that will tell you what you need to hear, not necessarily what you want to hear. Or, they may just be there to listen to your current situation if that is what you need; someone to just listen and let you find your way.

People that are in your learning circles or learning tribes will provide yet a different function. In these tribes, you will become the primary “giver”. Your job will be to support and teach them. If you have products and services to sell, they will become your primary audience but only after you have provided great value to them.

 

Having strong tribes can directly improve your chances for success.

Why is that? Because, business is a “team sport”.  You need those folks, and they need you. Successful businesses always have a team. Depending on what type of business you have, you may need different team members and therefore tribes than another person.

 

Who should be in my tribes?

Almost every business needs a core team or tribe of advisors. For real estate investors that might be an accountant or tax professional, an attorney, real estate agent, insurance broker, and any number of other people to help you with your day to day activities. You might have a virtual assistant, or possibly outsource some of these tasks. Your tribe members might be located anywhere.

 

An Accountability Partner

Having an accountability partner is huge and should definitely be part of your tribe. My accountability partner and I meet by phone every Tuesday before work. We share our weekly “big goals” and even smaller ones on our “to do” lists for the next 7 days. They are there to hold your feet to the fire and make you accountable for what you did or did not do.  You should value this person’s opinion, and you should really dread telling them when you fail to deliver. This person should not be a close friend or relative, because your accountability partner may need to send a little “heat” your way if you start slacking off. That’s their job after all. This person will most likely also be part of your larger business tribe.

 

Your Mastermind Group

These folks are also invaluable to your success. This tribe may be from your city, but more often than not, they live in another area.  In these groups, you want to be able to share completely.  The last thing you need is to feel like you have to hold something back because they are your competitors.

Mastermind groups are great tribes to help you with new ventures, to create products, and just to grow your business in general. They are great places to bounce ideas off of folks. Even though you might be in the same business, you will most certainly have different skill sets and experiences. I once belonged to a mastermind group where I was the only person in real estate investing. While these folks where quite willing to help, they really didn’t understand my industry or its challenges. For me, that group just didn’t work.  That’s why I strongly believe that it is better for your mastermind tribe to be in the same general industry, but not in the same location.

 

Your Tribe of Online Followers

These folks can come from many different places. Some of these might be: 

  • Your blog subscribers
  • Twitter & Facebook followers
  • LinkedIn Associates
  • People you have sold products and services to
  • Folks from your membership sites
  • Or people that ended up on one of your webinars

 

What is your role in your tribes?

If you have a strong message, folks will find you and join your tribes. It is your job to provide value and nurture your tribes. In the process, you will get back so much more than you give every time. Who are the people in your tribes?

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Outsourcing with “Pingler”

 

Outsourcing has become such a vital part of our businesses these days. We are all taking on more and more projects, striving to grow our businesses and our brand using so many different avenues. Just a few short years ago social media wasn’t even being used by folks in this way.

Most people will tell you that they had a website, and that was pretty much it. I hardly know anyone that has just one site now. We have affiliate sites, fan pages, Facebook accounts, LinkedIn Accounts and the list just goes on and on.

We all know how important it is to get our information out regularly to search engines and other sites. It is cumbersome manually “ping” everything out, and few people can actually manage to do this on a regular schedule

I came across a service that I am now using called “Pingler”.  This is a paid service that costs a whole “$2.99 per month” to automatically ping out up to 29 of your websites every 3 days.  It will also notify the search engines and build backlinks in places like Continue reading

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Real Estate Investing Strategies and Your Lifestyle

 

Real Estate Investing Strategy and Your Lifestyle

 

What does your real estate investing strategy have to do with your lifestyle?
 
Everything!

When you are just starting out, one of the questions that you will ask yourself is “which real estate investing strategy do I want to pursue?  

I believe that it is vital to success and your happiness in this business that you take your desired lifestyle into account.  Some of the strategies are much more hands on than others. And, some of them are more stressful than others.  Another thing to consider is the type of income you are looking for.  

So exactly how do you choose?

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