452 | The Truth About Passive Income: Debunking Myths & Real Estate Nightmares
Manage episode 413917954 series 3308608
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 episode470 epizódok