This week on The Mindset Transformation Radio show and Podcast with Coach Myrna and Rich Dad trainer Trevor Evans, we discuss the topic “Is Starting A Real Estate Investment LLC A Good Idea?”
This is the 6th episode in our Funding, Fixing, and Flipping Series:
Listen in to understand how important setting up your Real Estate Investment business with the right tax structure, would allow you to keep most of your investment income and not pay all of it to the tax man!
Tip of the week from Coach Myrna: Landlord LLC benefits
If you hold and rent Real Estate, this article could offer massive insight on one possible way to structure your company. We are not giving legal advice, just questions for you to ask you asset protection attorney.
Keeping in mind the risks associated with opening your business as a sole proprietorship, consider using this scenario for your business.
Open an LLC, purchase a property, but don’t manage it. That’s right, don’t be the one to manage the property. You can use the combination of a C-Corp and an LLC. Let the C-Corp manage the company. This is good to reduce liabilities. How? Let’s take an example.
For the last four months, the tenants have been complaining that the parking lot in the complex you own is too dark. They don’t feel safe walking to and from their cars at night and want to have you install more street lights to brighten up the area. They continue to complain to the management company, the C-Corp, letting them know of the issue. Having not addressed the concerns, the parking lot remains dark and one night, while walking in from her car, a young mother of two who live in your property is robbed at gun point in the dark parking lot. When she sues, who is liable? The LLC? They own the property, so it would be them, right? Wrong.
The C-Corp, as the managing entity, is the responsible party when it comes to any damages and liabilities incurred because of this incident.
The LLC, having limited liability, is protected. This is something very important to keep in mind when making the decision on which type of entity you wish to use.
For more information on setting up the structure of your Real Estate Investment business, check out this Connected Investor Blog post
So, What are the Pro’s and Con’s of LLC for Real Estate Investing? Is starting a Real Estate Investment LLC a good idea?
Tune in to hear Trevor’s answer.
What exactly are the major differences between an S-Corp, C-Corp and an LLC as it relates to real estate investing?
A C-Corp is a management entity. As per my tip of the week. Use your C-Corp to manage your rental properties.
So, in case you are sued for negligence, the C-Corp would be the benefactor of the law suit and you as the owner would have no liability.
The C-Corp also has more leniency in regards to what expenses can be written off; but the biggest benefit of having a C-Corp manage your rental properties, is the ability for the C-Corp to collect rental revenues and pay the HOA dues and other expenses from these revenues. You as the owner of the property, would only be responsible for your positive cash flow at the end of the month.
If you were collecting the rents in your personal name then you would have to claim the entire amount as income.
LLC – A single member LLC offers no asset protection and is charged with self employment tax.
A multiple member LLC has asset protection.
A multiple member LLC, members are not liable for debt incurred by the LLC
A multiple member LLC can be viewed by the IRS as a partnership and as such the members can determine the split or who gets what.
S-Corp or self corporation is a flow through entity.
Used primarily to expense big ticket items that cannot be expensed by the LLC.
The S-corp does not pay taxes, its members file a K1 for any income not written off and that income is taxed at their income level.
Some other questions answered by Trevor:
I have a rental property in my personal name, can you tell me the pros and cons of transferring that property in an LLC?
I have no mortgage on this property. Could I have transferred it into an LLC if I had a mortgage on it?
What are the states that have the most conducive laws that benefit the Real Estate Investor and protect the LLC?
Can you explain some of the benefits of incorporating or forming an LLC in Florida?
For additional reading, here is an article on “Is Starting A Real Estate Investment LLC In Your Future?
As Investopedia so eloquently puts it LLCs are a “corporate structure whereby the members of the company cannot be held personally liable for the company’s debts or liabilities. Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship.”
If you found this blog post and podcast inspiring, please Subscribe, rate, and review this podcast, then send me an email to email@example.com with the subject line “podcast review”
and I will send you a Free Gift! The Mindset Shift Focus Wheel.
This is a workbook to change your Mindset from a Fixed Mindset to a Growth Mindset. This is so important for success in investing. It will allow you to look at an opportunity with the eyes of an Investor and not with the eyes of an employee. As an employee you have the Mindset of limits and security.
Until next time Namaste.
In this episode of the Mindset Transformation radio show and podcast, coach Myrna interviews Valeri Bocage. Valerie lost everything in hurricane Katrina and used her pain to create her company Powerful Women International. She believes that the greater your pain the greater things that are birthed from this pain.
She believes that whenever you focus on what you have lost, you can never move forward.
Her purpose was to make a difference.
She says to figure out who your audience is. Who are you supposed to make a difference to?
My tip of the week is:
How to Create Positive Core Beliefs
Our guest today shared her story of losing everything in hurricane Katrina and bouncing back to become the CEO of Powerful Women International. To do that she had to have positive self-worth and positive core beliefs.
Beliefs are the truths people hold on to that guide our life. The power of belief can trap you, as in the belief that you deserve only a limited amount of happiness. Or belief can free you, as in the belief that you are safe and protected in the cosmic plan.
When you open your awareness to your strongest beliefs, which are known as core beliefs, two things happen. First, you find out who you are and why you behave in the ways you do. Second, new energies become available when you pursue the core beliefs that are life-supporting, fulfilling, and spiritually transforming.
How to Create Positive Core Beliefs
A powerful core belief is pure and direct. It gives you a clear sense of who you are. It isn’t confused, conflicted, or compromised. Let’s take steps to make this the kind of core belief you are activating. Step one is to bring your core beliefs into awareness. The four key beliefs you want to activate are:
I am loving and lovable.
I am worthy.
I am safe and trusting.
I am fulfilled and whole.
You already have existing core beliefs in these four areas of love, self-worth, security, and fulfillment. Your beliefs can’t be changed simply by throwing out an old one and adopting a new one like changing your wardrobe. The change must come at the level of self-awareness. At the core of your being, where your true self resides, the truth about you is clear and unequivocal: You deserve unconditional love; you are of unique worth in the universe; you can trust Nature to protect and uphold you; and your fulfillment comes from being whole.
To overhaul your beliefs means that you get closer and closer to your core beliefs, these four inner truths, which are absolute. Right now, there’s a gap between them and what you experience. For most people, the positive and negative side of their core beliefs depend on how good or bad their experiences have been in the past. If you have been deeply hurt in love, for example, it is hard to adopt the core belief that you deserve infinite love.
A Self-Awareness Exercise to Create Your Core Beliefs
Reliving experiences from the past only keeps you stuck in the past. Your core beliefs are activated in the now, every day. They can only be changed in the now! Here’s how:
Look upon what’s happening now as a reflection of your core beliefs.
If the reflection is negative, pause and ask yourself why it fits the storyline your beliefs create. If you experience any kind of abusive treatment, for example, this reflects a victimhood story supported by a core belief that keeps you in the story. If you experience unexpected kindness, on the other hand, this reflects a storyline that includes compassion and reflects a core belief in how much you deserve love.
A core belief that God has plans to prosper you, will take you through any setback.
• Valeri Bocage started Powerful Women International in 2006 after moving to San Francisco, a move that was prompted by the loss of everything during Hurricane Katrina in New Orleans. Valeri lost everything except her indomitable spirit to help others. Initially, Powerful Women International was formed to help women live their dreams and to begin to support each other worldwide to fulfill their utmost dreams and expand themselves as leaders worldwide.
Show notes and questions:
2: How did Valerie overcome losing everything in Hurricane Katrina?
3: How did Valerie build and assemble her teams?
4: How did Valerie use the media to promote her business?
5: How did she overcome obstacles?
6: What inspired Valerie to start PWIC?
Daniela Orozcoshe recalls how many homeless people she saw on her way to school when she was a high school freshman.
Four years later, the number has multiplied. People live on a main thoroughfare near the school, at a nearby park, and below the off-ramps and bridges in her hometown of San Fernando, which is about 20 miles northwest of downtown Los Angeles. In the San Fernando Valley, homelessness increased 36% to 7,094 people last year, according to the Los Angeles Homeless Services Agency’s annual count. Daniela and her friends wanted to help, but giving money wasn’t an option.
“Because we come from low-income families ourselves, we can’t give them money,” the high school senior says.
“We wanted to offer something besides money,” her classmate, Veronica Gonzalez, chimes in.
That was the starting point for their invention: a solar-powered tent that folds up into a rollaway backpack. The girls and 10 others from their high school had never done any hands-on engineering work before, but with the help of YouTube, Google, and trial-and-error, they got it done.
They hope that one day, their tent will improve the lives of people experiencing homelessness in their community.
On this weeks episode of the Mindset Transformation radio show and podcast with Coach Myrna, we discuss the Power and Purpose of Journaling. My guest today is Margaret Elizabeth Hulse, a novelist who uses her fine art and jewelry designs to illustrate her journaling stories. Margaret writes stories with her body, mind, spirit that she says exist in the beauty of Texas, the Caribbean, and New Orleans.
Before opening Mpulse Studio | Charlotte St. Charles, Margaret Elizabeth Hulse graduated with a degree from St. Edward’s University and began her career in the arts apprenticing under metal sculptor, Daryl Colburn. She then served as the director of both Tate Gallery Austin and Urban Roots Gallery before she spent time in non-profit development and coordinating effective programs for various organizations. Margaret Elizabeth opened her fine arts studio, Mpulse Studio, in 2014 and launched both her women’s and men’s jewelry lines, Charlotte St. Charles and Stanley Kemp & Co in 2016. In 2016, Margaret wrote her first novel, Sketches from the Heart of a Texas Artist, based on her short story, The Sketchbook and is working on her second novel in the series, Antoine’s Lament.
Margaret feels that the problems experienced by women that are related to feeling stuck can be inspired to transcend from the monotony of day to day, obligatory tasks and into a life life filled with passion and purpose from the power and purpose of journaling. She says “I write relatable, yet sensual, passionate stories that take my readers on new adventures and create custom jewelry so that the wearer has something unique to set her apart from the typical, ‘go-to’ designs. I evoke an excitement that people feel they haven’t been able to tap into for a while, whether it’s because they’ve been hurt, or have simply lost themselves as they’ve tried to make ends meet.”
She feels that through journaling, she learned how to manifest her dream work through writing her way out of a trauma. Her first published journal simply titled, “Sketchbook,” is an illustrated short story that serves as a preamble to her novel, Sketches from the Heart of a Texas Artist. I write and speak often about the power of healing through creativity and how the more you write about something, the more likely it is to come to fruition.
On a personal note, I have always journaled to download and to write down my goals and dreams. The power and purpose for my journaling for me has been manifested in my life over and over.
There are 3 ways to attract anything into your life. First you think it in your mind, then you speak it into the atmosphere, then you write it down to give it form!
James Pennebaker, a distinguished professor at the University of Texas, got married right out of college in the early ‘70s. Three years after his marriage, he and his wife started to question their relationship, and Pennebaker, confused and unsettled, sank into a depression. He ate less, drank more, and started smoking. Embarrassed by what he saw as emotional weakness, he became more and more isolated.
One morning about a month into this decline, Pennebaker climbed out of bed and sat down at a typewriter. He stared at the machine for a moment, then started writing freely and frankly about his marriage, his parents, his sexuality, his career, and even death.
As he wrote, and continued to write in the days that followed, something fascinating happened. His depression lifted and he felt liberated. He began to reconnect with his deep love for his wife. But the writing had an even farther-reaching impact. For the first time, he started to see the purpose and possibilities in his life.
Pennebaker’s own experience getting through this rocky period sparked 40 years of research about the links between writing and emotional processing. Over and over again Pennebaker did studies in which he divided people into two groups and asked some to write about emotionally significant experiences, and the others to write about common things: their shoes, or maybe the cars passing on the street. Both groups wrote for the same span—about 20-minutes a day, three days in a row.
In each study, Pennebaker found that the people who wrote about emotionally charged episodes experienced marked improvement in their physical and mental well-being. They were happier, less depressed and less anxious. In the months after the writing sessions, they had lower blood pressure, improved immune function, and fewer visits to the doctor. They also reported better relationships, improved memory, and more success at work.
Is your purpose in life to help others achieve fulfillment in theirs?
Then maybe becoming a Life Coach is the career for you.
Email me at firstname.lastname@example.org for your FREE copy of my eBook “How to become a Life coach”
This week on the Fund, Fix and Flip Real Estate Investment series, Trainer Trevor Evans teaches How to Invest in Real Estate with No Money.
In this segment Trevor teaches our listeners on the following:
1. What are some strategies to purchase real estate with little or no cash?
2. What does Hard money lenders look for in a good deal?
3. How do you make your deal attractive to a Hard money lender?
Strategies to use other people’s money to fund your real estate investments:
1. Using your credit cards to fund your deals. The more credit you have the better off you are!
2. Hard money Lenders. Hard money lenders look at the asset and not at your credit score.
3. Borrow money from friends and family. You convert them into Hard Money lenders and pay them a good interest rate.
4. Borrow from your Whole Life Insurance policy.
2. Take a loan from your 401K.
3. Take out an Equity line of credit on your personal house.
The commonly used strategy in real estate investing is the use of a Hard Money Lender.
So, if the Hard money lender does not look at your credit, what does he look for?
1. Your expertise. Most Hard money lenders want you to have 3 investments under your name. This does not include your personal residence.
2. The ARV or after repair value. The property must have equity before the deal is made.
3. How did the property come on the market. Eg is it a Foreclosure, short sale or probate.
4. What is your exit strategy? Are you buying to hold or buying to rehab and Flip.
5. How long you need to complete rehab work.
6. How much is the estimated cost of repairs.
Tip of the week:
Confessions of a Hard Money Lender -And Why We Hate Hearing “I Need 100% Financing”
Make no mistake, hard money lenders need borrowers to deploy their capital and get a return on investment for their capital partners. They often enjoy repeat business – real estate investors aren’t typically one-time borrowers, so asset-based lenders like hard money lenders or private money lenders value the business relationships they develop with quality borrowers.
One way to invest in real estate with no money down or little or no cash is to borrow from Hard money lenders who charge high interest for short term loans. When hard money lenders provide a loan, they want to be confident that the borrower is able to repay the loan on time. If the borrower isn’t able to pay back the loan, this creates a great deal of extra work, stress and potential financial loss for the lender. A strong borrower with a significant down payment (or equity in the property) and cash reserves has the best chance of obtaining a hard money loan and succeeding with their real estate project.
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Looking for a Hard Money Lender? Here is an article from Connected Investors on how to get bids on your project.
Connected Investors, the world’s largest real estate investors network and marketplace, today announced the launch of the first centralized real estate investment funding portal, CiX.com. The technology allows real estate investors to quickly and easily submit their deals to a network of asset-based lenders, ensuring the best terms for loans on their investment properties.
Subscribe to the Transform you Mind podcast with Coach Myrna to get notification of all shows, Life coaching tips as well as Real Estate Investment tips and strategies.
Welcome to the Mindset Transformation blog and podcast with Coach Myrna Young. Today my guest is Swami Brahmananda Saraswati. Swami G as he is affectionately called, has a mission to help over one million people find Hardcore Happiness and true success. He has designed a master class on How to find hardcore happiness and true success.
In this Master Class, you will learn:
. Why Happiness Matters (+7 meditation download)
. Happiness Formula Blueprint (+Happiness Visions Statement)
At the end of this training you will have learned:
How to find your purpose,
How to live your life to the fullest and achieve happiness here and now,
without having to wait/delay or postpone feeling vibrantly alive every day!
In keepin with the theme of my podcast and blog, I always like to leave you with a tip of the week from Coach Myrna.
This week my tip of the week comes from the book by Deepak Chopra, The 7 Levels of Fullfillment.
Happiness comes from fulfillment, Deepak Chopra’s book the 7 Levels of Fulfillment, references 7 ways to find happiness from fulfillment.
In order for us to find fulfillment we must be Open and Activate or awaken our inner sources of calm, love, and truth,
Spiritual awakening is natural. The process is like waking up in the morning and opening your eyes to the light.
There are seven levels of Fulfillment, When you are fully connected to the light of being which is the light of the self.
There is a light that shines beyond all things on earth, beyond the highest heavens,
This is the light that shines within you.
1: The First level of fulfillment is pure potentiality
2: The 2nd level is Fulfillment from Giving
3: The 3rd level is Fulfillment from Sowing and Reaping
4: The 4th level is Fulfillment from Love
5: The 5th level is Fulfillment from The Desires of your Heart
6: The 6th level is Fulfillment from Detachment
7: the 7th level Fulfillment from being on purpose
• Swami Brahmananda Saraswati was raised in India and at age 4 began studying with ascended masters in an ashram in the Himalayas. By age 12 he was teaching yoga and meditation at the ashram’s yoga school. In 2009 Swami left India to study pre-medicine at a university in Iowa: Maharishi University of Management. He has taught 1000s of people yoga, meditation, and Ayurveda. Now he wants to bring happiness to an even larger audience. Swami is warm and gentle teacher full of light and enthusiasm. He was taught powerful practices that have been independently validated by science to be beneficial to human health including stress reduction, enhanced well-being, creativity and productivity. His compassionate and knowledgeable approach to teaching allows full spectrum learning. He says often we have 100% freedom and 100% responsibility, and this world is dominated by action. Through his teachings and exercises many people have transformed their lives by improving their health and helping them become more deeply connected to themselves.
In this podcast Swami G answers the following questions:
• What is happiness?/ How do I know if I’m happy?
• Why does happiness matter?
• What if my circumstances are (overwhelming/unsupportive family/toxic environment/no time)?/
When someone is struggling trying to stay afloat and keep moving – how can you ask them to be happy?
• Why can’t people choose happiness?/Why don’t people choose happiness?
• Isn’t it wise to suffer in the short-term so we can be happy in the long-term?
• Does the Happiness Formula work for everyone/ Will the happiness formula work for me?
So Let me ask you this question. Are you Happy?
If you are struggling with Anxiety, depression, career issues, relationship issues, work/life balance, performance & productivity enhancement?
Then this training is for you .
Are you longing to feel happy in life?
Are you tired of living an uninspired, unenergized and luke-warm life?
If you are ready to live the life of your dreams, feel in control, fulfilled and driven with purpose then head over to nakedmoment.com/transform where Swami Brahmananda will help you to find the missing pieces and become the person you were born to be.
You deserve happiness, and you CAN attain it. With Swami’s guidance and the power of an entire community of happiness seekers you too can wake up happy.
Don’t know what your perfect life looks like?
Can’t seem to get out of your own way?
Always feel down, filled with fear or guilt?
Do you feel like your environment isn’t supporting you?
Stop feeling like there is no way out. There’s one clear step to take. And right now if you head over to nakedmoment.com/transform there will be some amazing free bonuses for you to get a head start on your happiness journey. Don’t wait. Join a growing community and get happy. Head over to nakedmoment.com/transform.
For all my listeners who sign up for the Happiness training, send me an email to email@example.com and I will send you a bonus gift of my “Mindset Shift Focus Wheel workbook” You need a mindset shift in order to be happy in the present moment regardless of your circumstance.
If you found this blog post and podcast inspiring, please subscribe, rate and review and also share with your friends.
“A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and assigns the contract to the buyer. The wholesaler makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer.”
Tip of the week: So What Exactly is Wholesaling Real Estate?
Wholesaling is often marketed as a low-to-no cost way of getting into real estate investing and this can be true. A new wholesaler can certainly profit with a much lower initial cash outlay than an investor who has to buy a property and rehab it. However, the successful wholesaler has to have a firm grasp of what makes for an attractive deal – once you understand this process of wholesaling, it becomes much easier and can be broken down into a serious of repeatable steps.
Word from our sponsors:
Are you looking to invest in the south Florida market? The time is ripe for investors. Call MyHelps Real Estate Investment Services Services LLC at 954-999-6125 for all your Sales, Rentals or Property Management services. We are licensed in real estate and property management and will buy or lease your property. Don’t delay, Call today 954-999-6125
My co-host today on this podcast is Trevor Evans.
Trevor is a Professional Speaker, Real Estate Investor, Retail Store Owner.
Speaker/Trainer for Rich Dad Education and Founder of Personal Awakening brand “Being Normal Sucks.”
Trevor has also been married for 19 years and have 2 beautiful daughters ages 22 and 18.
Bio: Coach Myrna Young –
Certified Professional Spiritual, Life and Executive Leadership
Coach, Motivational Speaker, Published Author, Realtor and Real Estate Investor
Past president and CEO of A Royal Livery Limousine Service, and Entrepreneur of the year, Myrna is now the President and CEO of MyHelps Consulting LLC. I am also married and the mother of 5 children. Myrna currently lives in South Florida.
Are you on a journey to find happiness through the doorway of wealth?
Living in financial abundance is one way to find happiness but not fulfillment.
You deserve happiness, and you CAN attain it.
The Transform Your Mind with Coach Myrna podcast has entered into collaboration with with Swami’s Brahmananda to offer my listeners guidance and the power of an entire community of happiness seekers, so you too can wake up happy.
For more information please clink the link below and start your Happiness journey
• Topic: How to get started with real estate wholesaling
1. Question 1: Tell us of your path to becoming a Speaker/Trainer for Rich Dad Education.
2. Question 2, What do you feel is a step by step plan to becoming a Real Estate Wholesaler?
Step 1: Create a Database of buyers:
Contact local Rehabbers and Contractors and ask them what kind of properties they are looking for to rehab.
You can find them at your local Chamber of Commerce or your local REIA
Ask them these questions.
1. What kind of properties are they currently rehabbing?
2. Type of properties they like to work with Eg. Single family or multi family?
3. What are they certified to work on? Eg. Are they certified to work on burn down or water damaged properties?
Step 2: Put an AD on Craigslist
Ask the following questions when you get responses to your AD
1. Is the property listed with a Realtor?
2. Are you speaking with the owner of the property?
3. Is the property in Foreclosure, probate, bank owned, or free and clear
4. Does the property need rehab? If so what is the estimated cost of repair.
Step 3: Put together your power team which includes your Title and Escrow Agent.
If you structure your deals properly, you could use one escrow deposit for 10 properties!
Question 3. In our first episode you talk about process. You said that setting up a process prevents failure.
What is the process for the real estate Wholesaler?
My friends at Connected Investors wrote this article on Getting started with real estate Wholesaling.
Wholesaling is often touted as the easiest entry point into the world of investing in real estate. And financially speaking the barriers to entry are generally a lot lower, especially when compared to fix and flipping or buy and hold investing. Many experienced, professional investors have door-knocked and bandit-signed their way up the REI ladder without having more than a cell phone, gas money, and the will to WIN. read more … http://connectedinvestors.com/blog/find-it/wholesaler-website/
Finding beauty in your Now is the point of all power that unlocks healing, growth, strength, peace, desires, success, and happiness says my guest this week on the Mindset Transformation radio show and podcast.
This week I interview Aireka Harvell, aspiring motivational speaker who focuses on transforming the minds and lives of women with her blog “Be That Woman.” She is also the Founder of Nodat Place Advertising LLC. where she encourages and promotes female entrepreneurship and offers daily motivation and support through her social media platforms.
Today our topic is “How to find Beauty in your Now”
Aireka has a powerful story of overhearing a mother telling her son that she was ugly and that she would treat him better when she was just 9 years old. That tag stayed with her throughout her life and gave birth to low self esteem, becoming a Pleaser and allowing her husband to mentally and physically abuse her. Aireka lived in darkness for most of her life, until one day she heard the voice of God telling her to Help other women “Be That Woman” he made them to be.
Today she has a huge following on Instagram and on her blog and offers Hope and Encouragement with her daily posts.
Listen to find out How to control your mind and bring it under subjection when thoughts of fear and hopelessness threaten to stomp out your joy.
Learn that there is opportunity to learn and grow from every situation.
A Conversation with our manufacturer (God) God: Tell me “what is your purpose down there on earth”
Man: Well you know “I want to work hard and not hurt anyone, and I want to get along with folks and stay out of trouble” God: “But what about your talents”
Man: Well what talents I have and there are not much, I take good care of. I kind of pace myself, you know.
No, No,No God shouted, your answers are all wrong. Don’t you remember the story of the talents?
Man: Yes I think so … You gave each of three men a different set of talents. To one man, you gave five talents. To another man, you gave two talents. And to the third, you gave but one talent.
“That’s right says God: and some years later I checked up on each of these three men. I was pleased to find that the man with five talents had multiplied his talents by working hard, and applying each one. The man whom I gave two talents had also labored hard and multiplied them. But when I checked with the man I had only given one talent, I became very angry. For that man had buried his talent in the name of protecting it. To which I cursed him saying “thou wicked and slothful servant” how dare you not use the gifts I gave you. You Knew that I reap where I have not sown and gather where I scattered no seed.
Do you not get the point of this parable?
Man: Yes I think so. I am to use the talents you gave me and multiply them to help others.
God: Let me ask you another question
“Who is in charge of your life?”
Man: I am responsible for my life – but with a few exceptions. I mean sometimes you just don’t get the breaks, you know. Sometimes things just don’t go my way, but that is the way the ball bounces or the way the cookie crumbles”
God jumped to his feet “No, No, No, he shouted. “When will you learn, you are totally responsible for your life, no exceptions. You are totally responsible for the results you obtain. Not your mother, not your father, not your boss. It’s not the breaks, that control your life, it’s you. Don’t ever say that is the way the ball bounces, that it is the way the cookie crumbles. You must bounce your own ball!
Man: Okay, okay I think I see. The fact is that I have been put on earth to succeed, I have an obligation, a responsibility, to use my abilities to the fullest. I must control my life, for I wasn’t designed to be led. I prefer excellence to mediocrity. I won’t prevent my own success, for all success requires is that I am here, and that I use my talents to the world and not wait for the world to come to me. And I will act now, no matter how convenient waiting may seem, no matter how imperfect might be the results I obtain.
Tears welled up in God’s eyes, a smile creased his face.
God: “Thou wonderful and faithful servant, take all the love and energy and talent that you have and share it. Share it with all you meet, until it seems you have no more to give, there will always be more and more in reserve. Your potential extends beyond your wildest imaginings. The only limitations you will ever face will be those you place on yourself”
There is so much beauty in the world—and because this crazy, gorgeous life is so fleeting, I want to focus on the beauty.
No, I won’t turn my eyes away from the horrors of the world. But I also won’t become so consumed by these horrors that I no longer notice the wind dancing on the water. Or the tender grasp of my lover. Or the plant on the windowsill stretching toward the sunlight.
I’m not trying to downplay the crap. But I don’t want to crumple into a small, powerless mess each and every time I read the news.
Negativity sells. Sensationalism sells. But this is not reality.
If you liked this content remember to share, subscribe to my iTunes podcast and write a review. Once you do, send me an email to firstname.lastname@example.org with the subject line “Podcast review” and I will send you one of two gifts. My eBook “How to become a Life Coach” or a “Mindset Shift Focus Wheel” a workbook to change from a Fixed Mindset to a Growth Mindset.
Episode 2: Real Estate Investment, Rental properties: Fund, Fix, Flip series – Are Rental Properties worth the Headache?
Joke of the day:
A young woman, pursuing a graduate degree in art history, was going to Italy to study the country’s greatest works of art.
Since there was no one to look after her grandmother while she was away, she took the old lady with her.
At the Sistine Chapel in the Vatican, she pointed to the painting on the ceiling. ‘Grandma, it took Michelangelo a full four years to get that ceiling painted.’
‘Oh my, ‘the grandmother says.
‘He and I must have the same landlord.’
A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off on Real Estate Investing. This is episode #2 in the series: Real estate investing “Funding, Fixing and Flipping. Is Owning a Rental worth the headache?
As a realtor for over 17 years, investing in rental properties has been my space up to this point. I own several rental properties and I also manage several rental properties.
My co-host for this podcast is Trevor Evans: Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Trevor is also an Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.”
I met Trevor earlier in the year when I attended a Get Motivated Seminar and signed up for a 3 day real estate investing seminar. I met my co host Trevor Evans at this program and let’s say his vast knowledge on the subject of investing in real estate opened my mind to new opportunities.
I didn’t know what I didn’t know!
His knowledge base was extensive. I immediately enrolled in the Legacy Education Alliance investing in real estate training program.
This week’s tip:
What is your best choice as an investment? From the book “Your money and how to keep it by Brian Costello”
Real Estate will be a natural choice for many as an investment vehicle. Generally, real estate can be counted on to rise in value over a period of time. If you want short term investments, you can use short term investment vehicles like treasury bills. Other options are gold, commodities and the options market. Small investors are now also switching to Mutual funds because they offer a great deal of flexibility, and they can be cashed in at any time.
So, the best investment choice depends on your country laws as it relates to Capital Gains tax vs interest tax. In the USA and Canada, interest is taxable while you can make a lot of money tax free with capital gains.
Todays episode of Fund, Fix and Flip is sponsored by Myhelps Real Estate Investment Services.
Are you looking to invest in the south Florida market? The time is ripe for investors. Call Myhelps Real Estate Investment Services at 954-999-6125 for all your Wholesale or Rehab purchases, Buy and Hold Rental properties or Property Management services. We are licensed in real estate and property management services and can also buy or lease your home. Don’t delay, Call today 954-999-6125
In episode 2 of our series “Real Estate Investments: Fund, Fix, Flip” episode 2 we are answering the question “Is Owning a Rental worth the headache?”
What are you doing that is causing the headache?
1. Not properly screening the tenant.
Most investors are stressed to put a tenant into a property because it costs to have a vacant property.
That is the underlying reason that they short the screening process or decide to take a risk with a tenant.
2. Not understanding the renters mindset
A renter does not have an owners mindset to take care of a property.
The environment the rental is living in determines the mindset of the tenant.
3. Know your tenant
That allows you to skip inappropriate steps.
4. Understanding the positive cash flow cycle
5. Buy only properties that need remodeling instead of renovations
6. Setting up warranty or replacement work directly with local scratch and dent shops
7. Paying a flat fee to a Property Management company
Some resources for Real Estate Investors: BiggerPockets: The Real Estate Investing Social Network. There are many free articles and forum threads all for free on how to get started in real estate investing.
How to Overcome Fear and find Joy: Fear is an energy. Thoughts are the most powerful energy force in the universe.
Thoughts can be either positive or negative.
Heading up the rear of negative thoughts, is fear.
It is the bottom feeder or all the emotions.
If you allow fear to linger in your body and in your mind, It will not only attract the thing you fear the most into your experience;
but it will also bring disease to your body.
All diseases can be traced back to negative thoughts and fear.
Negative thoughts transform your body into an acidic state.
Fear is a negative thought magnified to the 1000th degree.
In fear mode, your body is activated in the fight or flight mode.
Your body tenses, your breathing is shallow, your heart palpitates, your blood pressure is elevated, your hands and body sweat.
Not a good place to dwell!
Unfortunately, your brain cannot detect the difference between your imagination and reality, so the person in the grip of fear cannot tell the difference. They cannot tell that it is “False Evidence Appearing Real.”
Today I want to teach you how to use positive energy to clear the negative energies of fear. But first I want to review one of the Spiritual Laws of the Universe. “The Law of Sowing and Reaping”
We all know of the physical laws like Gravity.
Some laws are physical and some are Spiritual and quantum.
Understanding the spiritual “Law of Sowing and reaping” can change your world.
Understanding that whatever you create it in the spiritual world of your thoughts will manifest in the physical world.
Put another way, that means whatever you plant in the fertile soil of your mind, will manifest in your physical world.
Just like planting an apple tree
Except that in the spiritual world;
The soil is your mind,
The seeds are your thoughts,
The water are your actions,
And The sun is your feelings.
If you allow fear to dwell in your heart and mind every day you will manifest an apple orchard in your reality.
Energy flows where Attention Goes
Whatever you focus on expands.
Everything is energy and all energy attracts similar energies.
You can’t put out negative energy and expect positive results.
You can’t plant apple trees and expect oranges.
Likewise, you can’t focus on what you fear and produce a successful result.
If you are constantly thinking of the things you fear, you are planting a seed and based in the universal Law of Reaping and Sowing, it must germinate.
The mind or consciousness is connected to reality.
Think of something strong enough or long enough to and it will eventually manifest in your reality.
These are six words you must stamp on your mind
“You become what you think about”
When you realize that your mind is a garden you will begin to plant only the things you desire.
Exercise: write down something that is opposite of what you fear and start giving it the same attention you have been giving your fear.
Since light conquers darkness, it will eventually have your fear for lunch!
Imagine you having fun traveling the world in crystal clear clarity.
Say daily affirmations that compliments your desire.
Visualize your goal so much that sometimes you are not sure what is imagined and what is reality;
the same way that you let fear take you out of reality.
Don’t get disappointed if it takes time to perfect this. Remember that positive things take time to manifest,
it is the negative ones that show up quickly.
Weeds will sprout up; negative thoughts of failure will sprout up.
So, every morning find the weeds and dig them up.
Remember a successful gardener will always cultivate his land.
Cultivate your mind for success.
Life is energy, whatever you put out, is returned to you.
The mind does not care what seeds you plant; it will always return what you plant.
You can plant wealth or you can plant poverty.
You can plant fear or you can plant happiness.
Here is an excerpt from the book: The Wise Heart: A Guide to the Universal Teachings of Buddhist Psychology:
The Buddha faced plenty of his own fear and terror of imminent death. This is a passage from the Buddha’s early writings that Jack Kornfield, a teacher who helped introduce Buddhist mindfulness practice to the West, quotes in his book.
How would it be if in the dark of the month, with no moon, I were to enter the most strange and frightening places, near tombs and in the thick of the forest, that I might come to understand fear and terror. And doing so, a wild animal would approach or the wind rustle the leaves and I would think, “Perhaps the fear and terror now comes.” And being resolved to dispel the hold of that fear and terror, I remained in whatever posture it arose, sitting or standing, walking or lying down. I did not change until I had faced that fear and terror in that very posture, until I was free of its hold upon me … And having this thought, I did so. By facing the fear and terror I became free.
Fear – False objects appearing real, as per the about passage, can be released by standing your ground. Our instinctive reaction to fear is to turn and run because as humans we are hard wired to run from pain and towards pleasure.
But, as the Buddha teaches in the passage above if you stand and have the courage to not move, you become free of fear and realize that your imagination is always worse than the reality.
Let me share a personal story on how I overcame fear.
When I first came to the United States of America, I came as a business owner. I did not have any of the benefits of a permanent resident. As my business was building, I decided to earn money as a sales person selling vacations. I was not authorized to work in the US, so I became very fearful of being found out and being deported. Every night I would dream that the immigration officials would come to my house and take me away in handcuffs. Sometimes I would dream that they would throw me in the back of the trunk.
One day, my pastor preached a sermon on fear. He said that God promises to carry your burdens, so give them to God. He said when you give your fears and heavy loads to God, you can’t worry or take them back because that would mean that you don’t have faith in God’s promise to carry them. He asked the congregation to write our fears and heavy burdens on a piece of paper and ceremoniously throw them at the alter giving them to God. I wrote my fear of being deported on a piece of paper and threw in on the alter. In doing so, I became free because I gave it away to someone else, God. The good news is that I no longer was afraid of anything. Every time something came up that would potentially me fearful, I would face it and know that it will work out for my good. I stood on the scripture “I know the plans I have for you, plans to prosper you.”
How to Overcome Fear of Failure
Wisdom by http://www.wisdom.srisriravishankar.org/
Sri Sri Ravi Shankar
Now in order to transform the energy of fear into the energy of joy, I want to share with you a short meditation practice.
Sit quietly in a chair, be comfortable.
Place feet flat on the floor, hands clasped in your lap. Close your eyes. Be present. Focus on your breathing, feel your belly rise and fall under your clasped hands.
Breathe in for a count of 4 and breathe out for account of 6. Thus, slowing down your rhythmic cycles. Be mindful of the air as it passes through your nostrils down your esophagus and into your abdomen. If your mind wanders off bring it back gently to your breathe. Your mind can only concentrate on one thing at a time. Concentrating on your breathe bypasses your mind. Once you slow your cycles and quiet your mind, you are now in the receptive mode to change your programming.
Think briefly about something you fear. Today we will use as our example the fear of flying. Today we are going to use our imagination to replicate the experience of flying while you are sitting comfortably and safely in your chair.
Let’s begin. visualize you are at the airport with your loved ones, your husband and 2 children. You are on your way to Venice, Italy. You chose Venice because you wanted a romantic vacation with your husband. You can’t wait to ride on the Gondolas and be serenaded with live music, going to the opera and have the experience of taking a water taxi everywhere. You are excited. This energy is positive. You let this feeling of euphoria wash over you, you feel your body tingle with this positive energy. You feel good!
Now you are boarding the plane, you are starting to feel a little anxious. You board the plane and find your seat, you buckle yourself in. The pilot announces that your flight time is 6 hours and that he will be flying at a cruising altitude of 35,000 feet. He advises you to give your attention the flight attendant and pay attention to the safety information. You mentally note your exits. You listen to what to do in the event of a water landing! Your mind is going nuts with fear. Your heart starts to palpitate rapidly, you start to sweat.
Now the airplane is taxing down the runway at full speed, then lifts off the ground.
You squeeze your husband’s hand, you are hardly breathing, your whole body is tight. The plane is climbing it shakes a little. You are so scared the sweat starts dripping from your forehead. The plane reaches cruising altitude, the pilot turns off the fasten seat belt sign and people start moving about the plane. You calm down a little, but still aware of every movement of the plane. The flight attendants come around and offer beverages. You ask for a glass of wine. You drink it down in one gulp! You start to feel calmer. The flight is uneventful. After what seems like an eternity the pilot announces that in 30 minutes he will be starting his descent into Venice. Your fear returns, the plane shakes a little as it descends and you are once again in the grip of fear. The plane touches down and speeds down the runway braking speed. Your body is tight, your breathing shallow. Then it is all over. You faced your fear and came out on the other side! You exit the plane and you are in Venice!
I want you now to realize that you have taken your first flight in your mind.
I want you to realize that fear is false evidence appearing real.
I want you to realize that once you face your fear, like a bully, it backs down.
I want you to realize that the energy of fear is keeping you stuck.
I want you to realize that whatever your fear, just like we took a ride on an airplane and came out alive on the other side that is how all fear works. It has no real power over you. The only thing that is holding you back from doing the things you want to do is all in your mind. So, the only way the clear it is to start with the mind. Do a dress rehearsal in the mind and then do it in the physical.
The first step is to overcome fear is to face the fear.
The second step is to clear it from the place it is planted in your mind. Take a moment now to ask your higher self where the fear of flying came from. When was the fear planted? When you get the answer, you may think to yourself, boy that was silly or you may have a legitimate reason to be afraid of flying. Someone you know could have died in a plane crash or you yourself could have been in a plane emergency landing. The thing to remember is that you know that every time you drive on the highway you could die and you are aware of thousands of people who have died in car accidents; yet few people have a fear of driving in a car. So, consciousness is the second step.
The third step is to clear that energy by replacing it with positive energy. We are going to use the positive energy of gratitude. Sit comfortably again. Imagine a bright light entering the crown of your head moving down through your check, down your throat to your chest, down your abdomen through your feet.
Feel this light fill all your energy centers as you become fully relaxed. Now expand this energy out from your chest past the room, past your city, past your country, past the clouds, past the sun, past the planet into the stratosphere. You are now floating in cyberspace. If you can bring your fear to mind in this space, do so now.
Then replace that feeling of fear with the feeling of gratitude. Gratitude that you are alive, gratitude that you are in your sound mind, gratitude that you have a place to sleep and food to eat. Gratitude that you are wealthier than 95% of the people in the world and you have the resources to travel to exotic destinations. Gratitude that you will not let fear rob you of your joy.
Now set the intention to fly to the first place on your bucket list within the year.
If you found this post helpful, I would love to hear your comments on what your fears are, and if you achieved a successful result transferring it with these exercises. Please share this podcast and blog post with friends and family and remember to subscribe and post a review.
Transform your Mind podcast is giving away a Free Checklist you can do every morning to replace your fears with positive affirmations.
To receive please subscribe, rate and review this podcast then send me an email to email@example.com with the subject line iTunes review.
Until next time Namaste
Need to build confidence? This week on Transform your Mind podcast with Coach Myrna, I interview Confidence mentor Di Ridell. Di is going to talk to us today on the subject “7 Ways to get your confidence back after a divorce of death of a spouse.”
As I do every week, I would like to leave you with my tip of the week on “6 Ways to get your Confidence back or to build it up.”
Tip of the week: 6 Tips for Building Unstoppable Confidence:
Building true confidence after the betrayal of a partner is a gradual process. No one is going to turn into a positive, self-confident person overnight.
But if you’re in need of a place to start, here are 6 tips to get you back on the horse.
1. Stop comparing yourself to others.
The worst thing you can do is compare yourself to others. I know from experience that this is a confidence killer, especially if you are comparing yourself to someone younger. Remember that you’re only seeing the surface of their lives and looks, not the underlying reality. Focus instead on what’s important–your own strengths and goals.
2. Keep your limiting beliefs at bay.
Even the most successful people with healthy relationships have limiting beliefs about themselves, but the biggest difference is that they choose to focus on their strengths and possibilities instead of their limits.
3. Live in a positive reality.
Don’t say anything about yourself that you don’t want to become a reality. Positive thoughts and words alone won’t make you a more confident person, but confident people do think a lot of positive things about themselves. Remind yourself of what you’re capable of and what you’ve already accomplished.
4. Don’t mask it.
Self-confidence isn’t the impression you give others; but how you feel about yourself. It’s all about who you are, where you are, and where you want to be in your own life and relationships.
5. Change what you can.
Confident people know they cannot change the past, but they can change the future. They make daily choices that lead them toward the future they want to live out.
6. Be fully committed.
Be fully committed to doing whatever you can to build your success every single day, accepting full responsibility for your life. If it gets uncomfortable, you’re probably on the right track! Don’t procrastinate, do what it takes without agonizing or drama.
My guest today is a toastmaster’s trained Speaker, self published Author , Facilitator and MC . Master Practitioner of NLP, Certified Life Coach and Confidence mentor.
Tune in to hear Di’s story of how she was gang raped at 15 years, forced to give the baby up for adoption and told that she was worthless and that no good man would want her. She ended up in a 31 year marriage that restored her confidence until her husband died and she had to find the confidence to start over and date in the second half of life.
When you loose your confidence, you focus on your fears and not your hopes
Powerful interview, don’t miss it if you are lacking in self confidence.
1. Tell us your journey to becoming a confidence mentor.
2. What is Confidence – is it magical? How we get and lose it?
3. How has confidence contributed to what you do?
4. What advice do you have for women 50 + who have lost their partners or gone through a life changing challenge?
5. What problems do women over 50 experience when starting over after a death or divorce. How do they solve them?
6. Tell us about your book.