452 | The Truth About Passive Income: Debunking Myths & Real Estate Nightmares

Driven To Win

In this episode, Chaz Wolfe is joined by Mike DeHaan, an engineer turned real estate entrepreneur. They discuss Mike's risk-taking mentality, the importance of passive income, and overcoming limiting beliefs. They also discuss the realities of entrepreneurship, strategies for profit in real estate, and the influence of '4 Hour Work Week' on Mike's journey.

Host Chaz Wolfe is joined by a real estate industry powerhouse, Mike DeHaan, Owner and podcast host of Collecting Keys. Together, they explore critical topics for anyone interested in real estate investing: -The misconceptions around passive income -Debunking common cash flow myths

• Sharing shocking real estate horror stories This episode is a must-watch for those seeking genuine insights into real estate investing, starting their journey in the industry, or looking for a mindset shift to engineer their dream life. Don't forget to subscribe, hit the like button, and leave a comment below. Your support helps continue bringing incredible guests like Mike to the show. Enjoy the episode!

Timestamps: 00:00 Introduction 01:37 Diving Deep into Real Estate with Mike Dahan 05:16 The Unconventional Path to Real Estate Success 13:13 Why your mindset around passive income is flawed 19:30 The Journey of Sacrifice and Success 21:08 Building a Community of Entrepreneurs 22:00 The Entrepreneurial Journey: From Sales to Real Estate Success 22:15 The Power of Budgeting and Financial Alignment in Marriage 22:52 Embracing the Entrepreneurial Mindset: Challenges and Rewards 23:59 The Realities of Entrepreneurship: Mental Health and Financial Freedom 24:57 Building a Supportive Community for Entrepreneurs 25:54 Cash Flow Myths 30:44 The Transformative Impact of 'The 4-Hour Work Week' 31:51 Unique Approaches in Real Estate: The Collecting Keys Podcast 35:24 Real estate horror stories 40:16 Connecting with Mike: Podcasts, Instagram, and Community 41:07 How to connect with Gathering The Kings

Recommended Resources (Affiliate Links May Be Used):Gathering The Kings Full Library of recommendations: https://www.amazon.com/shop/gatheringthekings/list/300QACPW0EMZ5?ref_=cm_sw_r_cp_ud_aipsflist_aipsfgatheringthekings_1C46721HEAM65EC1ENWD

The 4 Hour Work Week by Tim Ferriss: https://www.amazon.com/dp/0091929113?linkCode=ssc&tag=onamzchazwolf-20&creativeASIN=0091929113&asc_item-id=amzn1.ideas.300QACPW0EMZ5&ref_=aip_sf_list_spv_ons_d_asin

Let’s Connect!

Mike DeHaan: https://www.youtube.com/@collectingkeys Instagram: @mike_invests https://collectingkeys.com/

*Full link to Collecting Keys Animated Adventures: https://www.youtube.com/watch?v=OY5KRpizv94&list=PLBC2O8UBWPH1hffyqRdjEPY-kOJXO1gDU

Chaz Wolfe (Host): Linktree: https://linktr.ee/chazwolfe Website: www.gatheringthekings.com Facebook: https://www.facebook.com/chazwolfe/ Facebook: https://www.facebook.com/gatheringthekings Instagram: https://www.instagram.com/gatheringthekings/ LinkedIn: https://www.linkedin.com/in/chaz-wolfe-86767054/ Linkedin: https://www.linkedin.com/company/91415421/ TikTok: https://www.tiktok.com/@chazwolfe_kings Youtube: https://youtube.com/@gatheringthekings

For more information on Gathering The Kings Peer to Peer Mastermind Group: https://go.oncehub.com/TheExceptionalLife

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(0:00) Introduction and overview of the episode's content (1:45) Guest Mike DeHaan's introduction and journey from engineering to real estate (9:27) Discussion on Mike DeHaan's risk-taking mentality and its impact on his personal life (13:22) Conversation about passive income, limiting beliefs, and the fear of lowering lifestyle for entrepreneurship (21:08) Sponsor: Encouragement to share the podcast (24:03) The realities of entrepreneurship and the importance of community (26:34) Strategies for making more money in real estate (30:45) Impact of '4 Hour Work Week' on Mike's entrepreneurial journey and introduction of a cartoon podcast (37:14) The unique challenges and opportunities in real estate wholesaling (40:02) How to connect with Mike DeHaan and learn more about real estate investing (41:21) Closing remarks from host Chaz Wolfe and the mission of Gathering The Kings Podcast (42:38) End of episode