CDL 48: How A Silly Sports Dream Became A Multi-Million Dollar Real Estate Play...

CashFlow DadLife

Click Above To Listen In iTunes...

So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

That is a solution and this podcast will show you how...

What's up guys? Welcome to another awesome episode of Cash Flow Dad Life. We are on episode 48 and today we're going to talk about how a dream became a multimillion dollar real estate investment. It's been a pretty bittersweet weekend for me because, you know, I'm an LSU fan...

So that's bitter...

I'm also a Saints fan, so that's sweet. For those of you are back listening to episodes...

This was the weekend that Lsu absolutely got spanked by Alabama. Took my rv up there with a couple of guys. It was a great time except for the game.

The game was the worst, but I've got to tell you guys, if you ever have a chance to tailgate and go to a game in an RV, it is like the best feeling in the world, especially if you lose because there's nothing worse than driving back in traffic after you've lost.
But when you've got an Rv and you're staying there, you're like, "Eh, I can just take my time. I'm staying here on, on campus. I don't have to sit in traffic and soak the whole way back. I can just go back and eat some Gumbo, and grill some food and just have a good time for the rest of the night."

So at any rate, it has been bittersweet because of that...

But also because on Friday you guys have heard my story of how I started. I had a dream to open up an indoor sports arena, will Friday I sold the majority of it. And it's, it's a bittersweet memory.

It's actually really awesome. You know, it's, it is a little different feeling that, you know, I don't, I don't control it anymore. But I feel really good about selling it and feel really good about the guy taking over.
He's got a lot of skin in the game and he's going to do a great job managing it. And I haven't been managing it in the past four years. I've been trying to passively manage it.

I wanted it to become a passive income investment, but realize there's no way for me to do that with so many employees because employees, you just, you have to manage employees and you have to support them.

And I just wasn't giving them the support that they needed and so it needs to have like an active manager with skin in the game.

So this is actually the perfect scenario because I can become a passive owner and, uh, let somebody else have a little more of a piece of the pie, but to where I don't have to spend four hours a week or one hour a week or any hours a week on managing the day to day operations.

Now it's truly a passive income investment, which is awesome...
B --- Support this podcast: https://podcasters.spotify.com/pod/show/cashflow-dadlife/support