In today’s episode of The Art of Passive Income, we talk with Kyle Stanley about how he became the Fearless Flipper!
Kyle, who has had a lot of different careers in his 32 years… including sports anchor, found that he did not like taking orders for a living, so he started his own business. In 2016, when his dad became ill he let his business go and moved back to his hometown and went full-time into the health and wellness industry.
Kyle was raised to believe that you traded time for money, he had no knowledge of passive income and believed that you’re either an employee or employer.
Then in late 2018 when his dad went into hospice, Kyle put business aside and did a lot of self reflecting. He started listening to podcasts, like Grant Cardone, which soon sent him on his way to Fearless Flipping!
At the time of this recording in August 2019 and just eight months into it, Kyle had deal 3 under his belt and was getting ready to buy his third Airbnb.
Listen in as Kyle talks about those early days and his first deal, “oh s**t” moment. Plus, find out:
- Kyle’s three biggest aha moments
- Kyle’s three biggest fears
- What pushed him through the fear
The guys also talk about the value of education and menotorship and why it’s important to have that sherpa to get you up the mountain no matter which mountain you decide to climb.
“I believe that if you want to get to where you want to go, it’s dumb to think that you can figure that out on your own. You’ve got to ask people that have been there, that have done that. You want their help because you want to make sure you avoid the mistakes that they’ve made. You hear about the things that they’ve done and has been successful, so you want to mimic that.”
The key to Kyle’s success is simply the fact that he took massive action. He did not have a plan B, no safety net to fall back on, so he was unstoppable to make things happen.
TIP OF THE WEEK
Mark: My tip of the week is a quote, “You can’t penny pinch your way to wealth.” You need to invest in yourself, invest in tools, keep reinvesting education, and all these things can compound and will get you to where you truly want to be.
Also, check out Kyle Stanley at FearlessFlipping.com and take advantage of a very generous offer there.
Scott: Grab your hobby, whatever it is, and don’t lose sight of it. Become the proficient student of your hobby and you’ll find, a lot of times, is that the knowledge that you have from your hobby translates over to your business or life. Take at least one of your hobbies, or any interests that you have and apply it back to your business, it will transform.
Kyle: Go to FearlessFlipping.com and on the homepage you can download the free ultimate guide to becoming a real estate investor. If you are a land-geek listener, schedule a free 15-minute consultation by going to the contact page and for the subject put “Land geek listener” or “hey, I listened to you on Mark’s podcast.”
The biggest tip is to “Stay in Your Lane.”
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?