452 | The Truth About Passive Income: Debunking Myths & Real Estate Nightmares
Description
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
If you liked this episode, please LIKE, SUBSCRIBE, drop us a REVIEW, and share with your friends. We appreciate you, and your support enables us to keep bringing you the goods on the show!
#business #podcast #entrepreneur #entrepreneurship
(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