I tend to think a little farther than the guy from the video because his brain DOES understand it. It just can't do it - yet. 8 months later, it clicks!
Just because you know something doesn't mean you understand it. Just because you understand it doesn't mean that you have the ability to make it work.
Although the KNEW that moving the handlebars left would turn the front wheel right, and vice versa, didn't mean they could do it. Plus, they understood the mechanics of it completely. However, it still took six long months to "retrain" their brain!
If you want to become a Business Owner or Investor, you have to start to think like a Business Owner or Investor. You must re-train your brain - rewire those old pathways and ACT like a Business Owner would act. Would Dean Graziosi be cleaning his own Short Term Rentals? Heck, no! Then why are you?
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[00:01] Over the last two centuries, nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave with less risk and less capital while creating greater income, is your host, best selling author and Speaker, Michelle Russell.
[00:21] Hi, this is Michelle, the Master of Money Mindset, and you are listening to the Short Term Rental Revenue Podcast...
and in today's episode, we're going to talk about knowledge isn't power. Yes, you heard me correctly. Knowledge isn't power. Understanding isn't power. I'm going to tell you what is in just a moment, but first I wanted to remind you that today's podcast is brought to you by audible. You can get your first book, three on audible by going to audible, trial.com forward slash s t r revenue. That's audible, trial.com forward slash str revenue and you'll get a month free plus your first audio book and you will absolutely love having audible lately instead of the business books, I've gone into more of the woo woo stuff, a few more philosophical books and while some still some business, I shouldn't say that, that I have completely gone away from business, but I'm looking for a lot of spiritual guidance lately going, okay, help me to understand this and to really, you know, focus on what I can do to make the world a better place or more positive place.
Speaker 1: (01:35)
So that's what I'm trying to do. Um, but obviously business books are my loves, so yeah, they do sneak in there. I forgot that I was reading, I was like, wait a second, I was reading one the other day and you're like, oh, oh yeah, that's right. I still haven't walked away completely. It's like being an addict when you read, you are like an addict. It's like a, an obsession with you. I'm sure it's probably the same as some people binge watching some types of television only. Most of the time, most books are probably beneficial for you, I guess if you were reading, you know, porn all day, it's probably not that good for you, but business books, I doubt it can be too harmful. So hopefully it's not that bad. Audible is the place to get your addictions started. Go ahead and start your book addiction by going to audible and get your first one free with a month of their membership.
Speaker 1: (02:28)
And the membership is amazing too because there's tons of different channels. You always get two books a month, you get a daily deal. They've got some kind of book every single day. That's like two 95 three 95 or you know, somewhere around there that you can pick up. And it's usually, I mean there's a variety of topics that it's on. So there are a variety of ways to build up your audible library. They're amazing. So go audible. Remember it's audible trial.com forward slash s t r revenue and you'll get your free book and a free month. And audible. Also I wanted to tell you on August 16th or remind you, August 16th is our launch date. We have a membership site and I think it's really great. We've built this awesome community of people and we help and encourage each other all the time. And honestly that is where this week's episode came from.
Speaker 1: (03:22)
It came from my very good friend, a model v Ala Amato is so cool. He, he is the guy who runs our Monday mindfulness and he comes in with just some mind blowing ways to get your mind correct, to steer away from your self talk and self doubts and all of the minutia that come upon you every single day and all the time. So every Monday we go over things to help us move forward. And he had some really cool things on Monday and I was like, oh gosh, I got to talk about this because it's absolutely fantastic and our members got to see it. But I wanted to dive more in and I've got to think a motto for that because I was like, you know, he's so right. This is so true. And we know this. And we just don't talk about it enough. So I wanted to talk about how knowledge isn't power, but just for a reminder, if you guys want to be on the inside track of that and be inside these meetings with a motto every single week, be inside our group.
Speaker 1: (04:27)
We have a group call every single week where we set up an accountability group where we set up all our goals and help each other move forward. It's amazing to help empower other people and feel that comradery around you, supporting you as you go through all the things that you need to go through too. So I just wanted to let you know that the membership opens up on August 16th we're only taking a hundred new members and then we're shutting the doors and regardless we'll shut the doors. I think on the 22nd I can't remember, I'm not looking at a calendar right now, but I'm pretty sure it was the 22nd anyways, if you are interested in that, please take a look, see if there's a ton of great information inside the membership and if you haven't listened to some of the webinars that we've had, we've got a couple of our most recent webinars right there on our website, so if you go to www.shorttermrentalrevenue.com you will see the two most recent webinars that we did.
Speaker 1: (05:27)
One was specifically for newbies and one was for other people trying to raise the profits of their short term rental and there's some really great stuff in there. You're going to love watching those webinars. I mean they're, they're amazing. They give you a lot of information, but you're going to get even more through the membership site. And I also wanted to remind you if you could please remember to leave us a five star review like us, share us, tell your friends about us. If you've got friends who are into short term rentals or just into real estate in general, let them know about, it'll be really cool if you share with other people, people who are into all that stuff because boy, I'm telling you people need support and there's a lot of great free information out there. I listened to some kid, Sean Rocca [inaudible], I hope I'm not mispronouncing his name, it's very difficult to pronounce, but he's a guy on youtube love watching his stuff.
Speaker 1: (06:17)
I don't get on youtube very much and watch a bunch of videos, but there are so many short term rental ones out there and there are only a couple that I like and they're both done by young guys and I really like Shawn's because lately he's kind of going away from the short term rental stuff and into the woo stuff. I know, right? Because here's the deal. As you start growing your business, you start to realize that 99.999% of this stuff guys is your mindset. No one wants to admit it. But that's why you see these guys going that way. And it was really funny cause he posted a video just recently talking about how your mentors and stuff are lying to you. And I was like, what is he talking about? And he goes, Oh, you know, they tell you to go out and get a job and get student loans and do all this stuff.
Speaker 1: (07:12)
And once you get a job and you have this career, you're gonna have a really great life. And I'm like, dude, they've been saying that for probably for centuries. That's nothing new. And the fact that he just recently found this out, I'm like, oh maybe man, you should read Rich Dad, poor dad. Because that book talked about that. And that book came out more than 20 some years ago now. Well he's young, so he thinks he just figured out that secret just now. So I'm like, yeah, you Shawn. It's so nice to when people get enlightened and they wake up and they're just like, did you guys know? And you just sit there and shake your head and go, really? Yeah that's like amazing and all the time you're just like, oh my God. Yes we all knew. We've known for a while that this has been going on.
Speaker 1: (08:00)
But um, I love this kid cause he's really smart. He had a hate around there to some guy who just started trash talking him. Oh my gosh, this poor kid. You got to let that roll off you man. Because there are two ways to be the tallest tower and that is to build your tower brick by brick and work hard, which is what Sean is doing. What I do and what all of you who are listening here are doing. We are going out, we're working at every day working our fanny off so we can build our business. Right? What's the other way to knock everybody else down man. And those people, they're just lazy cause we can't do it themselves and that's what we're going to talk about. Stay. This is why knowledge is not power. So most people vote like now luges power man.
Speaker 1: (08:48)
Knowledge is power or understanding something gives you the power and it's like, yeah, Mike give you the key. It might give you a key, but you gotta go and open the door. I just wanted to go through what we were talking about with a motto on Monday. So Monday morning Amato came in with this really cool video and he said, Michelle, have you ever seen this? Do you know that bikes are self-balancing? And I said, what? And he said, watch. And so they had a video and they were pushing a bike. Bicycles, especially the good ones and the a nice expensive ones, right? They're actually self-balancing. They're made and created. If you start rolling them down a slight hill or something, not even a real hill or just pushing them along, they will correct themselves to stay right side up. They don't just fall down.
Speaker 1: (09:39)
So who literally goes, did you know that if a bike falls over, it's pretty much your balance, not the bikes balance. The bike is built. So if the front wheel starts to go to the right or to the left, it will self correct and come back to center and stay standing straight up and down. Like it will literally stay. That's, it's meant to do that until the momentum stops moving it along and then obviously it has to fall. So I was like, wow, that's, that's pretty cool. And he said, but you gotta see this. So then he had a video of these two engineer guys and I don't know if they were engineers or farmers or what they were. I think because they were out on a farm somewhere. What they did was they, Jerry rigged their bike, they just took these two simple gears.
Speaker 1: (10:21)
So I want you guys to think of a clock and the gears mechanisms that are inside a clock. And you know how when you've got two round gears that intertwined, the fingers joined together but it goes around, both of them are moving in opposite directions, seeing it in your mind or write it down or whatever you have to do, put your fingers together, kind of link them and then move them down. And you'll see how one hand moves counterclockwise and the other one is moving clockwise. So the gears move that way. So they took the bike and they linked the handlebars to one side of the gears and the front wheel to the other side of the gears. So what that did was it meant when you moved the handlebars to the right, the wheel actually turned to the left and vice versa. When you move the handlebars to the left, the front wheel would turn and steer the bike to the right.
Speaker 1: (11:16)
That's kind of cool, right? What was really cool was how long it took these guys to learn how to ride this bike. So they got on and I even asked my husband, I said, how long do you think, how long do you think it's going to take? These guys learn how to ride the bike? And he said, probably an afternoon or a day. And I said, wrong. It took them months and he goes months like, what did they work on it? Like once, you know, in a while or something. I said, no, they literally did it all the time, but their brain was already hardwired to know the way that a bike usually works. So they knew it. They had the knowledge about it. They even had the understanding of what it did, right. They even understood, if I turn the handle to the right, I'm going to go left.
Speaker 1: (12:05)
So their brain knew something. They're bringing had the understanding of something, but it literally could not do it. It had to unlearn exactly what it had learned before, and that was that when you turn it right, it goes right and when you turn it left, the front wheel goes left, and that was so ingrained in them. They had to unlearn it. That's us. That is us. We have knowledge, right? We have understandings sometimes, but we also have been ingrained with all those things that Sean was talking about, right? That, oh, you should have a good job. Oh, I should be doing this. I mean, I should have had a career, or if I'm not smart enough, or blah, blah, blah. I mean these belief systems that we have, whatever those belief systems are about us and our environment are ingrained in us. Just like the brain had old, it's nerve cells connected in a certain pattern to tell you how to ride your bike just like that.
Speaker 1: (13:10)
You have to teach them, they have to unlearn and then relearn something else and that takes time. It takes a lot of time. So what do you have? Like 100 billion nerve cells in your brain or some crazy crazy number less if you sit around doing things that damage your brain every day. But let's just hope that you still have all those brain cells and the nerves are working fine, but if you do, let's well you can make them healthy again. Now that they found out, they used to tell us that brain cells could not regenerate and now we have found out that that's total hogwash. Yes, they can. People can correct things. Some, I mean some damage can't be repaired, but most damage can. It's kind of crazy that we think that we can just know something or learn something or watch a video or watch a show about it or read a book or listen to a podcast and now we know it and we know it all because I know so much.
Speaker 1: (14:05)
Right. I was like, no, just because you know it doesn't mean you know it. Just because you know it doesn't mean you got it. Just because you understand it doesn't mean it's gonna work for you. It needs something else. What were those guys doing every single day they were taking action and doing something to retrain the brain. Took them six months to do it. Now they took a younger kid, I think it was one of their kids and he had only just started to learn how to ride a bike. It didn't take him very long to do it, I think goes a month or so. He retrained his brain much quicker and he was able to learn how to do it because that was the only way that, you know he had really cemented into his brain. But here's the, we all have to do this.
Speaker 1: (14:53)
And it's really funny, this where Sean comes into, when I was listening to him and that hater on his show and stuff, I was like, Gosh, doesn't he understand that haters are the guys who can't do it or won't do it? It's not even necessarily that they can't, they just won't. They would rather knock everyone else down and just tear them apart and make fun of people. It's like a remote control to a TV or something. They just see, you know, oh yeah, I know how to do that. And they just sit there with a remote control going on to the next one and now they've got a typewriter in front of them and they can just type nasty shit to people and just make fun of them. And you know, just tell them that they're ugly or fat or they're a waste of life.
Speaker 1: (15:36)
But at the same time, you know, these people aren't practicing anything. They're not learning anything because inside they've got this knowledge. But the knowledge means Jack Shit without any kind of action behind it. Guys. It means Jack, you can know as much as you want, but until you start doing, you're really not going to get it and you're not going to retrain your brain until you start taking action. It's frustrating and fun to watch because it's fun to watch the people who are growing because you see that they were stuck in that belief system once where you know they thought they had to learn everything or they were stuck in that, well, I don't know enough yet. I don't know enough yet. It's like, don't think you have to know everything before you get started. Just enough to be dangerous. Okay. That's all you have to do to get started.
Speaker 1: (16:31)
Just know enough to be dangerous and then get started doing it. See like those guys riding the bike again, they knew enough to be dangerous and obviously they were going to fall a bunch of times like oh mean over and over and over again, but because they were trying, it was the only way they were getting farther and farther. Maybe not every day. I mean they didn't get to ride the bike for a whole six months, but here's the deal. They probably got farther and farther and farther or further and further and further if we want to speak proper English, but they got a little farther every day, right, because they were doing something. Don't think that the more, you know, like I'm going to wait until I've read every book and taken every course and done every single thing and then I will build by self an empire.
Speaker 1: (17:22)
I'm going to tell you something. These things come in waves. They really, really do and you will see not that short term rentals will go away forever, but real estate, I mean think about that. Real estate was a hot market for a long time. People were investing in real estate hot and heavy for a long time and obviously there still are a lot, but the population has gone up, the number of houses have gone up. There's a lot more competition out there, right? There's just not the same market that there used to be for some things when we were investing before the crash, that was probably the best hay day. We're all real estate. We probably won't see that again for another 30 years or more. You know that was like writing the top of the way of that is going peaked up. Right. Most waves go in a 45 degree angle.
Speaker 1: (18:14)
It's like it's going up, it's going up and real estate is going up. It's going up, but the thing was at that time it was going up. I mean it was like a rocket going up and it was fantastic. These things have these waves that they go in right now, short term rentals are starting off really strong. They started off like when you are going into an area where they don't have them, they are really going strong but then the peak out and then they start to taper off. That's where the short term rental business is now in a lot of markets it hasn't even met its peak yet. It's still getting there, but some markets it's been around for for so long that it's peaked and tapered off a bit, so it's not just nearly as hot. The competition is much more stiff. There's going to be a little more work, but you know, this is not free and easy.
Speaker 1: (19:10)
This isn't like a business that you can go in and go, I'm going to get into short term rentals and I'm going to be a millionaire. I was like, well, okay, good for you. It's like when your kids come to you and the get their first drum set or something and it's like, I'm going to start a rock band. I'm going to be famous, and you're like, yeah, sure you are honey. And inside as a parent you're like, aw man, I really want to support my kid and their dream and the other half of you is gone. You're right. This kid can't carry a tune in a bucket with a handle. This is not going to go good for them, right? It's the same thing. I want everyone to succeed and I know you can. It's just how hard are you willing to try and how hard are you willing to do it?
Speaker 1: (19:54)
And I'm going to guarantee you all those haters out there, then try and Jack Shit. And if they are, they're falling hard and they're super pissed off at you because you're out there in the front line succeeding where they have failed and that pisses them off. That really pisses them off. When you see haters, 99.9999% of the time, it's some kind of jealousy and that includes even haters in this political arena. You look in there, all pissed off at Trump. That Trump thing is because they're super pissed off that how can this guy be married to this hot chick, have all this money work for free, get all this publicity. They think, okay, he's not that intelligent. I'm more intelligent than he is. And you're like, oh yeah, where are you? Are you a millionaire? Are you close? What are you doing? But they'd much rather sling mud at people instead of trying to come up with something, something tangible that they can do to move things forward.
Speaker 1: (21:01)
You know, people don't want to do that. They would rather cut people down. It's kind of funny. When I was growing up, there was a guy who was getting super famous out there in New York City and his name was Howard Stern. He had a show and at the time he was very provocative, like his show was. Wow. I mean he had stuff that people had never talked about on the radio and it was just really out there and there were people who loved him and people who hated them, but they did a study and they found out that the people who didn't like him actually listened to his show more often and for a longer period of time. Then the people who did like him. Now, how crazy is that? It's because people who hate, they don't have anything else to do with their time. They literally dwell on the hatred and it's eating them up.
Speaker 1: (22:04)
Most likely they're not healthy people. Almost all haters when they, you know, you find out who they are, they have health issues. They have a lot of things going wrong in their life because hate eats away at you. My grandfather told me when I was growing up, when you're angry at somebody or you hate them, that the only person that it hurts is you. He said, because they can't feel your hatred. They don't care about how much you hate them or how angry you are with them. They don't know because they don't feel it and they don't live it every day. They're not in their head every day what you feel about them, right? The only person that's hurting is you, and I remember thinking to myself, yeah, that's so true, because this girl had done something to me and I was really upset about it, and he said, you know, the only person that's upset is you.
Speaker 1: (22:52)
You've got to let it go. Once I learned to let it go, it was like, it was amazingly freeing. Ever hear that Don Henley song been trying to get back to the heart of the matter. What I think it's all about, it's just forgiveness, right? It's just about forgiveness. When you forgive other people, you really are healing, not them, but you, you need to let that shit go. Stop taking things. So personal read the four agreements. That's an old classic. I mean I've read that long time ago and actually I should listen to it again because it is a classic, but one of the biggest things in there is stop taking things. So damn personally, this is not a cut against you. So how can it be personal though? It's so funny because people will take things and they take it in as, oh my God, they're talking to me.
Speaker 1: (23:42)
Have you ever been like even church, I've been sitting in church where our priest has been, you know, giving the the morning sermon and I would think that he just reached into my head and started mind reading was talking exactly to me about me, where there was a couple of times where I was like, he must've got that. Like I must've said something and confession. And he took that and he knows it's about me. It was so personal because it was true, but it wasn't about me. The thing is we all tend to take things so damn personally and 99.999% of the time. It's not about you. It's not about us. It's about the person who is talking. It's about them. Gotta let things go, man. You've got to forgive people and forget people and just move the F on. Move on, move on to something more productive in your life.
Speaker 1: (24:37)
Move on. If you stop focusing on all the things that you hate and you let those things go or the things that piss you off and you let those things go, you have a lot more time for the things that you love, the people that you love, the things you love to do. That's where all of that comes in. The knowledge is power thing. Everybody was like, knowledge is power. Knowledge is potential. Power with knowledge comes understanding. You're like, Eh, sometimes, but the understanding is through the glasses that you're wearing, so you're only understanding what you're allowing in. You might not understand the entire concept. You might be taking it extremely wrong. Why? Because you're taking it personally. There's a lot of false beliefs out there. The knowledge is power. Understanding is power, knowledge is potential. Power understanding is potential power, complete understanding, enlightenment. That would be real power.
Speaker 1: (25:47)
So we should all really assert ourselves out there in areas that we can do positive work moving forward with our lives and with our businesses and the things that affect us personally in our family personally. And let everybody else go, man. Just let them live their lives. Stop giving Sean a hard time cause that kid is so cute. I mean he's like on there just busting his ass and he was like homeless or something. Two, five years ago he had four grand or five grand to start off his business and now he's got a bunch of properties, thinks he's got like 50 properties and stuff. So he's busting his hump, man, he's working it. But it's really fun to watch him move along too because this knowledge as you awakened, right? All these new things come into your mind and you're like, wow, this is a great idea.
Speaker 1: (26:37)
Have you heard of this? And that remember being that new to, and everybody was shaking, their head gone and she's, she's getting it. But it's fun because you surround yourself with the right people and they're going to be right there with you and just they're going to love and embrace the inner child within you that is growing and learning and expanding your knowledge, not your body. A motto if you're listening to anything. Cause we were talking about writing down our goals and I have a journal, I kept writing in there that I was expanding, you know, that my knowledge would be expanding and all these, you know, my, just my inner wisdom expanding and I could not stop gaining weight in a motto goes, Michelle, how do you have expanding written in there? And he goes, you know, I like pulled my journal out. I can't remember how exactly how he said it, but I was like, when I read it I was like, holy cow, I need to clarify this because be careful what you focus on.
Speaker 1: (27:38)
So I went in and literally ever sense, well it probably has a lot to do with the the group because I also said I'm going to do yoga and you know, drink more juice and things and so I've been losing all the weight, but it's kind of crazy because what we focus on, we get and we need to focus on better things, happier things, things that are going to keep us healthy, right? And not eat away at us like hatred. We know we need to build up our own tower instead of trying to feel better about ourselves by knocking everyone else down. Instead try building other people up. That's the way to live your life. Find someone who is having a hard time and build them up, stand behind them. That's where you will find so much gratitude and growth in your life and happiness because when you start giving back and doing for other people, I'm telling you the rewards that you get.
Speaker 1: (28:35)
I mean, I always say that when I give to charity that it's one of the most selfish things I do. And the reason why is I feel so great about it that it's always like, Woo, I get to give this much or I get to do this feels so great when you do for other people it feels amazing. But when you are angry and bitter and mean, you got nothing really, you won't have good health, you won't have good anything, and you're certainly not going to be moving forward because you're focusing on the wrong things. And I loved how Sean said, you know, you're not going anywhere or doing anything. And I said, that's damn straight because all the people that have ever made it in this world didn't spend one damn second knocking someone else down. That is not how they moved forward. That is not how they did it.
Speaker 1: (29:30)
So if you start thinking of people like Robert Kiyosaki, Tony Robbins, Marcus limonus, people like that, people who have made it in this world come from nothing and made it in this world. They don't ever spend a second harming anyone else. Not even with a mean word with nothing like that. They would never even think about it. So you'll never get there. You'll never get that success if you're knocking people down because you're focusing on the wrong thing. I hope Sean lets that rub off and just fall off his back because honestly, don't even give them a second thought. It's like, Eh, whatever. It's like, don't even worry about it because they're not in your radar. You don't have to worry about them. You will only have to focus on the people you want to help in your life. That's you, your family, your business, your community, your church.
Speaker 1: (30:26)
Wherever you decide to focus, that's who you focus on. Don't look back in the rear view mirror. You're not going that way. You are going forward. And so there's tons of people and you know sometimes those people are going to be your family members too. And your friends, most of them, when they do that, when they're holding you back, they do it out of love. They say, oh well, you know, you shouldn't put all your money into that. You should be more careful and blah, blah blah, because they've read something or they saw show or they, you know, whatever. Right. So they think they know, but they've never even tried. They've never even tried and they're probably more scared for you, hopefully. Right. Or there might be jealousy there too because they've been too afraid to ever try and they don't want you to get hurt.
Speaker 1: (31:19)
Let's give them the benefit of the doubt and say they just don't want you to get hurt. Right, but the thing is they want to protect you, especially your parents, your wife and stuff. Sometimes you'd get a supportive husband or a supportive wife. I love those people because when you get somebody behind you, that's amazing. You've already got somebody on your side. I will definitely be on your side because if you don't have a husband or a spouse, you need somebody. You need somebody. I think that's why our community is so great too, is we sit there and support each other because sometimes you just need somebody because not everything always goes exactly the way we plan it to go. I've had some challenges this week and I thought I would tell you guys about them because you're going to have these too. You know where our focus goes, so does our energy and so with this big new launch, I hired some people and I did some stuff and I took my mind away from my business and had a bunch of really crappy things happen in Florida to the properties that I am away from and it's really hard juggling businesses in other states it's not, not doable but it does take finesse, right?
Speaker 1: (32:36)
We have to keep working on things, we have to keep lines of communication open and we have to keep our eyes open because then something happens and people drop the ball. So we've had everything from failed acs to cleaning crews, not showing up to new management companies. We've got a couple of properties now that we've got to go down there and selling, get rid of that. We're with Wyndham and Wyndham is selling out to a new property management company and that kind of bums me out because that was a real automated short term rental. It was my favorite kind of short term rental where I just go in, purchase the property and plug it into a system that's already there. The concierge is there, the cleaning crews are there, everything is all there and it was running like a well oiled machine. And I think, I don't know, maybe I took it for granted and wasn't grateful enough for it, but it's having a hard time now and now that they're switching out management companies, we're going to have to sell because I don't, I've heard bad things about the new management and here's what I don't want to happen.
Speaker 1: (33:43)
I don't want to be in there and have the bad stuff happen. Then we all try to sell it one time and then the prices of the units go would way down. So I'd rather sell right now while the units are still worth a lot of money before anything bad happens just in case. Because I've gotten on other sites with this management company and it's not good news. I can't imagine our plays, our property being the only place that they do a good job in. Right. But the thing is we have to keep focused. We have to remain focus on the things that are important to us and we have a tendency of putting things that are working well and that includes our family and our friends on the back burner. A lot of times, you know, we don't take care of the relationships and give them the attention they need.
Speaker 1: (34:35)
We don't give our kids the relationship and the attention that they need when our businesses are going well or need more work. And we've really got to learn to delegate our time in a much better way. And so I was giving my podcast and my short term rental business, um, short term rental revenue business, all the attention and just letting everything coast on autopilot. And it didn't work out very well for me this month. It's like, okay, so I'm heading off. I know that I had out there every September and October, but this time when I had out in September and October instead of mostly having fun like I usually do, it's going to be a lot of, you know, clean up and repair that's going to be going on there. Hopefully when I sell these properties, I could find something else and I can 10 31 them into another property or some other type business, but it's not going to be what I thought it was going to be.
Speaker 1: (35:32)
And it's mostly my fault because I took my eye off the ball. There's also things that we have to go over and I'm going to have an entire episode about trusting the wrong people and they're not just necessarily the wrong people at the beginning. They're usually the right people, but people over time have a tendency to believe that they deserve more than they do. If you've got somebody working in your business and you're far away, so you've got somebody close up who's doing all this work for you and you trust them and actually they can be very good people because they were very good people. They're doing all this stuff that you can't do because you're not there. So if something needs to happen, if somebody, you know, basically they, if they need to be a gopher and run supplies over to a place, they do that.
Speaker 1: (36:21)
If they need to go and communicate in person with the gas because something happened or move a guest and help in some kind of way, they're there. But what's crazy is once they're there for a certain while, they value themselves a lot more because they say they, you know, you've put all these processes in place, they're just fixing and running the processes that you've put in place. So they start thinking, well, I'm the one who does everything around here. So they might start taking a little bit of your money away from you. And when they do that inside, they're justifying it with, I do all this work because they can't see or don't remember all the work that you put in to get those systems in place so that you could just set them there to keep it functioning. Right. So basically it's like the assembly line is still moving.
Speaker 1: (37:17)
They're just, they're managing things. And every so often something goes by the assembly line that's crooked or out of place and they just straighten it. But the assembly line keeps moving. But after they're there for a while, they think I'm the only one that keeps this whole thing running. And so they justify themselves with taking money from you or embezzling funds. And that's occurred. And that's occurred for some friends of mine and it's not a fun thing. And like I said, most of the time they're not really bad people, especially when they first start out, but they start to value themselves more. So we put systems in place in our business where we could cut that down. And luckily some things happened that, because we had systems in place highlighted something and it was said that it was an accident, but we could tell it wasn't.
Speaker 1: (38:08)
But because of the systems I had in place, I could tell you have to nip things in the bud, which means now you've gotta go find somebody else to put in charge of your system that you already have in place and they're just going to be there while the conveyor belt goes by in there. You have to straighten it out. But it is a pain in the butt to find somebody else that you trust. It really, really is. It's kind of sad. So there lies that mindset that we were talking where they take everything personal and they're thinking only about themselves and not seeing the bigger picture that has to be taught to people, their value. It's up to us too. It's probably a breakdown on my part where I didn't allow them to realize or know that I valued them very highly and I was grateful and I thought that I had done that so many times in so many ways, but apparently it wasn't their love language.
Speaker 1: (39:03)
So maybe I should start not just doing personality tests for people, but do what are the five love languages and go maybe a receiving gifts wasn't their love language. I don't know, man. I don't know. So, um, but there's ways that people receive love and I apparently did not hit the right one for them, but it's up to us to make sure that those communications are open and that we're constantly moving forward and that we're protecting ourselves and our assets and that we're juggling all this stuff. And there's definitely a way to do it. There is, but by no means is that more and more and more, you know, knowledge more and more understanding without really understanding. Most of it's going to have to do with your mindset, getting your mindset right and that's an inner self dialogue, not just knowledge is going to teach you about that and it's going to be all your inner dialogue and just the mindset and then the action behind it.
Speaker 1: (40:02)
Because every day you should be doing something that moves you forward. If you're talking about losing weight every day, you've gotta be doing something about eating healthier and moving your body. If you're talking about acquiring more properties than every day, you have to be out there looking at more properties. If you're talking about furnishing more bnbs or picking up properties as a cohost or whatever, you have to be taking actionable steps each and every day that are moving you forward. This shit is not going to fall into your lap. None of this is easy. If it was every one would do it and it's not. Every single step that we all take is just outside our comfort zone every single day. There is no safety and security in growth. There really isn't. You have to do things that make you uncomfortable every single day. Just get comfortable being uncomfortable.
Speaker 1: (41:05)
Those are saints for a reason because they're true and don't spend your time hating on people. They don't deserve it and neither do you. The only person you're hurting is you with all the negative shit that you're putting into your body by way of all the vibrational shit you're drawing to. You stop focusing on bad shit and all crap that's going on in this world. Yes, there's bad crap going on in this world. Be a part of the solution, not a part of the problem. Focus on the good things. Yes, people are throwing plastic into the ocean, but guess what? There's all of these kids who are creating things, you know where they clean up the ocean. Focus on that and the happiness around that. Support those organizations. Find a way to be a part of the positive movement in this world and not just a part of the negative and be apart of the movement, get it movement action.
Speaker 1: (42:03)
Because that is the difference. That is where the rubber meets the road, right? So knowledge is only potential power. Understanding is based only on the glasses that you are wearing. You can only see the knowledge that you allow yourself to see. Everything can be manipulated. What you think is true is not necessarily true. What you were taught in school is not even necessarily true. A lot of times there's half truths in everything. So look at something constantly and wonder which part of this is not true because most likely something's not true about it. It's working for someone's agenda and when you are in school, the agenda that they want when you're in school is they want employees coming out of school system. That's why the school system was created because they needed employees. But the thing is, listen to those words. The words are they need to perform jobs.
Speaker 1: (43:05)
That is literally what our education is about. It's about jobs, creating employees. And that employee mindset is that knowledge that you have no right or you think you know about right? And you have to unlearn it each and every day to move yourself from the employee, self-employed side of the quadrant over to the business owner side of the quadrant because it's imperative. It's imperative that you on learn all the stuff that you think you know, and if you have not read cashflow quadrant or even rich dad poor dad yet you need to do that. I know, I know I say it all the time, but I'm telling you that book was a pivotal moment in my life because it changed my entire mindset about everything. I thought that way too. They are teaching us to be employees. They're teaching you to be poor. They're teaching you to have a hate mentality, to keep you stuck and you don't need to be stuck.
Speaker 1: (44:10)
You can be awakened and we can all embrace you lovingly. When you say, did you ever hear about this? And we go, yeah, that's awesome. Here. We're like, yeah, the book is like 30 years old. Don't tell him that. Don't tell him that, man, he thinks it came out last week. Well, you know, we'll be lovingly embracing you because you deserve to be awake. You deserve your own piece of the American dream of this American pie. And you can do it regardless of anything else that is going on. It doesn't matter what the market is, if it's slow, if it's busy, if it's not, your mindset will determine your success. Always bar none. You could get into the busiest market with the least amount of assets, with the least amount of money, with the least amount of education, with nothing behind you, but the best frickin attitude.
Speaker 1: (45:05)
And you will win because good attitude is better than anything else. And I've heard Kiyosaki say that. I've heard Tony Robbins say that. I have heard every millionaire that I know, and I know a lot of millionaires, and they all say this same thing. None of this means Jack. If you don't have a good attitude, if you have a good attitude, you can do anything. So I need you to change your attitude. I need you to stop knocking down other people's towers. Leave Shawn alone at poor Cade. God bless him and I'm loving his new stuff. If you want to look him up, I think the name of his show is airbnb automated. Love this kid. He's really good and I love his attitude. He's got a damn good attitude and I'll tell you a lot of people who come from nothing have a really good attitude, especially from the Midwest, just getting out of the Midwest.
Speaker 1: (46:00)
Man, I'm right there with you, babe. I was right underneath ya in Chicago. Coming out of the Midwest, it takes a lot to be brave enough to go against the grain of you know where you were raised by the people that you love and the people that you admire. You just don't want to live your life exactly like they did or the same exact way you want more and it's okay to want more. You want more for everyone and guess what? Everyone can have more. Anyone who wants it can go out and get it. There's plenty enough for everyone. Remember, there's not some little pie. Wealth is created for each and every person individually. What are you willing to accept into your life? Anyways, that was my podcast for today. I want to remind you guys, August 16th mark your calendars and like and subscribe and share this with people, people that you love and people whose lives you want to help improve. It's not just for short term rental investors, it's for everyone, right? Love you guys. Have a great day. God bless you. Go and grow
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