Time is such a finite thing. So when you trade time for dollars, you cap your income. As it should be pretty clear by now, there can be a serious problem when you barter your time for money. And with us in the show is someone who’s a master in creating generational wealth and passive income.
Marck de Latour will give you a mind-shift change as he lays down the benefits of real estate investing and how to keep your money rolling without you!
Key Takeaways for This Episode:
[1:31] Where is Mark from?
[3:59] Would he put a high value on the education that he perceived along the way in his real estate investing journey?
[8:54] The story of how he became a full turnkey provider?
[10:41] The mindset of creating a team that will help you in your business?
[12:14] The mind-shift for him was analyzing that he needed to pay high wages and high compensation.
[14:22] If you don’t want to scale your business, you don’t have to
[17:04] There are no secrets to success, only executive
[17:47] What early lessons did he learn about money?
[18:46] Understanding trading time for dollars vs. owning something
[21:34] The value of your compensation will be equal to the problems that you solve in life
[29:11] Think of where you want to go. The destination is important, and enjoy the journey.
Quotable Quotes:
[6:09] “It’s easier to do than to think. But it’s harder to think and plan and strategize.”
[11:29] ”When you reach the point where you're trying to scale and grow, you can get good, but it's really how to get great and remove you from the process.”
[14:39] “When you’re doing big deals throughout the year, you have to scale up and go through the pain.
[29:42] “The strength of the entrepreneur becomes the organization's weakness.”
Links:
Profit First Real Estate Investing by David Richter-https://simplecfosolutions.com/profit-first-david-richter/
The Legend of the Monk and Merchant by Terry Fellber-https://www.amazon.com/Legend-Monk-Merchant-Principles-Successful/dp/0529120801
Mark’s LinkedIn-https://www.linkedin.com/in/mark-de-lautour-012154203?originalSubdomain=nz
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David