Disclaimer: Transcripts were generated automatically and may contain inaccuracies and errors.
Actually truly our individual actions, you know, that is where power comes from. That is where change comes from. That’s where impact comes from, is the one-on-one. The one-on-one conversation, the buying one property at a time. The the one thought conversation in your own mind. And the decisions that we make as we move forward that truly do have more impact that maybe we give ourselves credit for.
What would your life look like if you could replace all of your working income with simple and conservative investments that could do it for you? Over the last 13 years, we’ve helped. Thousands of clients transact over half a billion dollars in simple and conservative real estate transactions, allowing them to begin replacing their work income with real estate investment income.
Each week we’ll be pulling back the curtain on the ins and outs of real time retirement based real estate transactions that will transform your financial future. Even if you have no real estate experience, this is replace your income with. Kevin Clayson and Steve Earl. All right. Well, hello everybody and welcome to Replace Your Income with Kevin and Steve.
What’s up man? How’s it going, Kevin? Good, dude. I’m excited for this episode. Yeah, me too. And I’m interested to see how it kind of all rolled. Yeah, we don’t, we don’t really know. We’ve planned absolutely nothing. We’ve had no prior discussions. We don’t even have a topic picked yet. Right. Uh, something like that.
Yeah. Something . No, we actually had. Some significant conversation significantly more than maybe other episodes we’ve done in prepping this episode. So here’s what you gotta know. Okay, my friends, if you’re listening, number one, we love you. Thank you so much. We love so much to hear from you. And when you tell us things like I’ve been listening to the podcast, it like makes my heart, you know, pitter patter makes me flutter.
And we love that you’re listening and sharing. So thank you. But here’s the. You need to stick around for this episode, okay? This is not one where you’re gonna hear five minutes and go on the rest of your day, like I’m telling you, make the commitment. Listen to this episode because this is an incredibly important topic, and what we’re gonna talk about is a little unconventional.
It’s not a typical, Let’s talk about the mechanics of property management. That’s not what we’re talking about. We’re gonna talk about the power of one. Now, when we talk about the power of one, here’s what we mean by that. Do you have power as an individual? Are the things that you’re doing societally as you vote for elections and for elected representatives?
As you give back, as you go about your daily work at daily business, does your one. Contribution you as an individual, does it have an impact? Sometimes it doesn’t always feel like it does. We wanna explore that and then we’re gonna circle around and tell you that not only do you as an individual have a tremendous impact, but you have more of an impact than you realize.
Even as you go about what may feel like insignificant seem. Insignificant things that you do day in and day out. As you consider your real estate transactions, as you consider your portfolio, whether it’s one property or 100 properties, the small seemingly insignificant tasks that you go about your daily life, I promise you, and we will explore this.
Steve, you have. Such a tremendous impact that this world would have a gaping hole if it wasn’t for you. And the things that you do, you are gonna want to be on this rollercoaster ride as we explore this thing. And I think it’s gonna surprise you. I think it’s gonna surprise you. And I think that as we wrap the episode and we talk about virtue based capitalism and what, what we’re really doing here, you are gonna walk away from this episode with maybe more ahas and maybe more, you know, Bulbs that go off than almost any other episode we’ve done, don’t you think so?
Yeah, I think so. And, and what kind of precipitated this conversation, right, Kevin was, you’re sitting in my office yesterday and we’re kind of chatting a little bit and I expressed a little bit of frustration about this idea that, you know, sometimes I just feel a little bit helpless. I feel like, you know, I listen to the news, I see what’s going on in the world.
I’m, I’m just like, you know, what am I doing? Like, am I even. Having an impact. Certainly, I, I, I don’t feel like I have an impact on a national level or anything like that. Right. But sometimes I, I feel like I’m, I’m a little bit helpless even, it’s like when I go to vote, like, does does it even mean anything?
Yeah. Like, is is that even really contributing something when I come to work and, and I work so hard and do all of this stuff and I’m. What is this all for? Yeah. Like is it helping anything and, and sometimes I think, you know, we all, every once in a while feel a little bit discouraged that it’s like, man, what’s even going on?
Like, why am I even trying so hard? And in that kind of, Got is talking about this concept of the power of one and the fact that actually truly our individual actions, you know, that is where power comes from. That is where change comes from. That’s where impact comes from, is the one-on-one, the one-on-one conversation, the buying one property at a time.
The the one thought conversation in your own mind, and the decisions that we make as we move forward. That truly do have more impact that maybe we give ourselves credit for. Yeah. Because it can be, I, you know, it’s funny cuz you expressed that to me when I was in there and I’ve been thinking the same thing, right?
Like, I, I listen to a lot of news, you know, I, I, I stay current on current events and I get discouraged sometimes, you know, I think, Wait a second. So I have been voting from the time that I could, I remember the first time I could ever vote in a presidential election and I was like, I just felt so awesome that I could, right?
It was after I’d returned home from a mission that I served in Germany and I remember voting for the first time for a presidential election and I went, Oh my gosh, I’m so excited. Like this is important. This is something. Feel like I’m contributing to society. And then as you get older, you get a little bit more jaded, right?
And then as you, as you see, you know, political figures come in and out and as you see policies come and go, and as you see economies ebb and flow, you start to go, Well wait a second. I mean, does my vote even matter? I even think about it with like, I love the nba, right? I love basketball and I always vote for the NBA All Star game.
And I’ve always done the same thing. I always vote for. Favorite players that are on the teams that I support, and half the time they never get in. And I’m always like, What do I do this? And I get so bugged, right? And so sometimes we really do have these feelings that everything that’s happening around us is happening to us.
It’s not, it we, it doesn’t feel like it’s happening for us. It feels like it’s happening to us and it. Feels like we are out of the driver’s seat. It feels like we are out of the, the ability to control the world that’s happening around us. And that can be a really defeating thought and it could be a really frustrating thought and, and listen.
It happened for four years for everybody that were the opposite of Trump supported, right? If you did not like Donald Trump, you felt for four years that, that the world was collapsing. If now, if you were a Trump supporter, you may feel like the next four years, the world’s gonna collapse. So see, everybody feels it.
It doesn’t matter your political persuasion or who’s in office. At some point you go through these emotions of wondering, gosh, Does my vote even count? Does my contribution even matter? And let me tell you something, if you stay in that defeated spot and you think the stuff that I do makes no difference, the stuff that I do at work, the keystrokes, every keystroke we think doesn’t matter sometimes if we’re inputting data, but, but Steve, you and I have come to realize that while that can be frustrating, it’s not necessarily true.
Yeah, I mean, You know, as we were kind of talking yesterday about this and discussing it, and in that moment when you came in, I think that you had something on your mind. And I basically, kind of blew that word. Vomited. Yeah. . . It was just like, Here, come and fix my problem, Kevin. I’m just, I’m just feeling like, what is this all for?
What are we doing? And so, you know, what ensued, you know, in this conversation was, was super great. Like it, the things that we’re gonna discuss today, it’s like, it’s not anything. You know, any listener doesn’t already know. Yeah. I think that sometimes we just need to be reminded. Yeah, right. We all forget, we all have these moments and, and it’s important to just remember once in a while, you know, that we do have power.
We what we do does matter. And one of the things that, that, again, as we have this conversation, we began talking about this concept of, you know, at the end of the. We just need to make sure that the decisions that we make are principle based. Yeah. And that we’re not just being blown, you know, to and fro with every different little thing that comes down the pipeline.
And we’ve talked about this in other podcasts too, that this idea of principle based approaches Yeah. Is critically important. Yeah, exactly. And the, the led to the, the concept of, you know, even our economy and capitalism and, and the fact that sometimes I feel like it. It’s like, gosh, you know, I, I can totally understand the other side of the colon when there are so many people who are suffering economically.
Yeah. And have some kind of disadvantage of one sort or another. I’ve always grown up believing that it’s like, wait a minute. You can do with your life, whatever you choose to do, it’s a choice. And then you get after it and you endure and it’s a determination and that kind of a. And there is something too, the other side of the coin where, you know, sometimes the disadvantages are so great that only a very small number of people are able to make it.
Yeah. And one of the things that makes this country so great is that we have a massive middle class that that’s the big difference ke it is between the United States and many other countries. Yeah. That economically are suffering is the fact that we have a very large middle class individuals who. The ability to, to purchase their own home, their primary residence.
They have a job where they can, you know, they can take, you know, a vacation once in a while. They can have a decent good life. They might not be rolling in it, they might not be driving the McLaren and uh, but they’re driving their Ford tourist, whatever. But, but they have the ability, right, to drive that, that , that Ford tourist or, you know, And, and by the way, we totally had a Ford tourist when I was growing up and it was blue and I remember it very clearly.
Exactly. And, and, and life was probably pretty good, you know, like, like we’re saying. So, but the thing is, is that we have to base, like our form of capitalism at the very beginning of, of this country was based on the concept of virtues, based on the fact that certain rules of. Had to be lived in order for it to actually work the concept of, of virtues like integrity, honesty, hard work, frugality, those types of things.
That’s what makes true capitalism actually work. And now there are other forms of capitalism that I think those, that might be of a mindset where it’s like, ah, I, I want more like equality kind of a thing through socialistic type, you know, mechanisms. Yeah. And, and ideal. And I can understand that as well when you have individuals who aren’t really practicing true capitalism where it truly is all about them.
Yes. Right. True capitalism requires giving back. True capitalism requires having a safety net. True capitalism requires paying your employees well enough that they can live and not being forced by a government law, right? Being forced to pay, you know, your people $15. Now, if you have the ability to pay your people $15 an hour or.
You ought to do it like Sure. As opposed to having one individual who’s making like all of the money and everybody else is like just barely scraped by. Right, Right. Like, like within an organization, within a private entity and making that choice. Like voluntarily because it’s the right thing to do and not just like the right thing to do, but it’s the thing that makes your company even more powerful, even more successful, even more like able to exist long term.
Because in an organization where it’s all about one individual who’s, who’s doing and making you know everything at the very top, when something happens to that individual, what happens to the organization? It’s gone. The idea behind like a principle based company is one that can out live. Maybe the, the original founders, right?
Yes. And that’s one of the goals I know that you and I have for sure. Like we expect this company to outlive us. That’s right. And, and to continue to deliver, you know, amazing value and amazing service and amazing product to our clients, you know, indefinitely. Well, and so it’s interesting cuz I think that as individuals, Right.
We sometimes wonder if we are having the level of success that we sort of anticipated for ourselves, or if the things that we’re doing matter at all. And when we feel like that, you know what we’re doing, we’re largely sitting in a state of comparison. And we’re comparing ourselves and our lives and our experiences and our contributions to those of other people.
And when we compare ourselves to other people, and we don’t think that we measure up, we feel like we are in a state of deficit, right? And so when we talk about the power of one, here’s the deal. It can be one company, it can be one. Person. I want you to think about it. If you’re listening as the choice that you have to show up every day to make a series of choices and those choices, that individual choice, one choice at a time can shift all of this stuff.
See, if you talk about principle based capitalism, well that is a series of individual decisions inside of individual interactions where there is equal benefit or benefit that is being contributed to multiple people, right? Side of that situation. When you were talking though, I was thinking about, do you know, have you listened to or read the strangest secret?
The strangest secret. Yeah. Do you know that? I don’t. I don’t think. Oh my gosh. Okay, so everybody, I’m telling you right now, you need to do this. Take time today, it’s on YouTube. It’s 45 minutes long. It’s an audio, but you can also get it in like a physical copy. And it’s by a guy, and his name is Earl Nightingale.
And it’s this really simple thing and it’s so powerful, and there’s this part right at the beginning of the strangest secret. It has multiple applications. I’m, I was actually pulling it up as you were talking, Steve, cuz I wanna read this. Okay. So he starts this, I think it was an article that later got turned into an audio program that’s kind of been turned into this book and it’s, it’s sort of a staple in personal development, right?
For a lot of people, this, this strangest secret. What is this strangest secret? And he starts and he talks about, he’d been talking to a late Nobel Prize winning doctor who was asked by a reporter and said, What’s wrong with men today? Right. And I think that’s a lot of the question that sometimes we look around and, and men meaning people, right?
We look around and go, Gosh, there’s so many things happening and I don’t feel like I could control what’s wrong with people today. And here’s what this Nobel Prize. Doctor said, he said he was silent and then he said, Men simply don’t think, and this is really important because this was done, gosh, I don’t know how many years ago, but Earl Knight Andal.
He goes on and he says, Okay, look, , the, we have more potential and possibility today than at any other time in history. And I would say that today, right? This, he probably did this like in the fifties. We have more possibility, more potential, more ability to go and control our futures than we’ve ever had before.
But then he gives this little anecdote and I’m gonna read it. Okay? He says, So we have all of this possibility. It’s a land of abundant opportunity. For everyone. However, if you take 100 individuals who start even at the age of 25, do you have any idea what will happen to those men and women by the time they’re 60?
These 100 people believe they’re going to be successful. All of ’em believe they’re gonna be successful, right? It’s all of us. We graduate college or we graduate in high school. We look at the world and we think, Ah, I’m gonna make a difference, right? But then many of us, 20 years later, look back and go, Really?
What have I done? I don’t want to go to my high school reunion, cuz I’m. Sad at myself, right? But he says, These 100 people believe they’re going to be successful. They’re eager toward life. There’s a certain sparkle in their eye and a ness to their carriage, and life seems like a pretty interesting adventure to them.
But by the time they’re 65, only one will be rich. Four will be financially in. Five will still be working and 54 will be broke. And depending on others for life’s necessities, only five out of a hundred make the grade. Why does this happen? What is the difference, Steve, what you were talking about? This idea of principle based capitalism, this idea of us having control over what’s happening to and around us as opposed to feeling like life is happening to us and we can’t affect it.
I think that there’s a couple things that are taking place. One, Is we are in a constant, perpetual state of comparison. We’re comparing ourselves to the other half of society or maybe the other 95 who are not financially independent, and we’re going, I’m not like them. I’m never going to be them. But what’s the difference between them and us?
You could argue that it’s nature. You could argue that it’s nurtured. You could argue that it’s possibility. You could argue that it’s silver spoons, but at the end of the day, The idea is this, you and I have complete and total control to decide what it is that we want to do. Now, here’s the deal. Well, this is where I feel like a lot of people fail, is we look at the big, we look at the hitting of the home run.
We look at the having to have a multi-billion dollar successful company. Steve, you and I have been through this. We used to think, Oh, we wanna have this, you know, multi-billion dollar company. It was for a. Don’t you agree? For a while it was about that more than it was about the individual transaction.
The individual client, the individual decisions that we make inside of the business for ourselves, for our clients, for one another. Now it’s about hitting singles. It’s not about hitting the home run and look what’s happening. There’s more potential. There’s more ability because we’re focused on the one hit, the base, hit the single, and we’re not focused on measur.
Success by the world’s standards. And that’s the deal. So often we measure ourselves against everybody else based on what social media says, based on what the media says, based on what we think popular culture demands. But the reality of it is, if we wanna measure real success, we measure it inside of our daily lives, inside of individual interactions, inside of individual transactions, that’s where the power can really be found.
And that’s where the power really starts to take into account what we can become. Whew, . That wore me out, man. I don’t know if I, I think I breathed, I don’t know. But yeah, I get, I rant a little, I guess. Like, like seriously, like very well said. And you know, I, I think back to those days, you know, I don’t know how long ago it was seven plus years ago, where when we began changing our.
Kind of our mental mindset to where, you know, four and a half, almost five years ago now, we implemented that new mindset. We switched from the concept of just like the world’s concept of, hey, if you don’t swing for the fence and hit a home run right, then you’re a failure. Yeah. And, and everybody gets caught up.
It’s like, if I don’t hit a home run, then I’m, then I’m a failure. And again, Kind of the like. It’s a very dangerous mentality because it’s absolutely like all or nothing as opposed to this concept of what makes this country great. The fact that we have a massive middle class. Yeah. That is the power it is and and us as individuals, when we recognize and realize, That success being in a, in a scenario, in a situation where it’s like, Hey, I’m gonna just slow down for a minute and I am gonna focus on the one transaction.
The one thing you know, we always boil it down to real estate because this is what this podcast is about. This is what our business is about. And so with real estate, it’s the same thing. Instead of trying to hit that home run, it’s like taking a swing and keeping it relatively, you know, modest and in a high.
Degree of probability that you’re gonna have success with that swing and, and then hitting that. And then it’s like, Huh, that kind of worked. I think I’m gonna do that again. And you do that again. You do that again, and before you know it, you know, you are, you, you’re kind of in that middle and there, and there’s, there’s kind of that, it’s like a bell curve, right?
Where middle class is that, that the largest sec section of, of the bell curve where, you know, most people tend to reside and fall, right? Like you can be in the upper echelon of that or the like somewhere in that section or some, if you’re somewhere in that section. Like you have a degree of control and a degree of ability.
to see your success True to the end. And so again, this, this concept that, that you’re talking about of like this mental, you know, concept of like swinging for the fence and, and just, it’s like you’ve gotta have this, you know, billion dollar company. It’s a very dangerous mindset because even when you’re in that mindset, it’s like you just look at the world very differently.
It’s like, Hey, I can spend all this money drive this really expensive car that I really can’t afford because one day I will be able to and I’ll just pay it off when I get there. That’s right. And, and, and it’s the same thing like you, you like, because you think that you’re gonna, you know, be one in a million and you’re gonna, you know, have that degree of, of success.
You make decisions a lot of times bad decisions that end up putting you in the hole and, and in a situation where, you know, it’s very difficult to recover. Quickly, or if that at all, because it’s such a deep hole potentially. And so again, like again, just kind of boiling it down to this concept. Of one, and I, I, if you wouldn’t mind, just take a minute and talk about like even one transaction.
Again, sometimes we just feel like, you know, when I buy one single family property, like how is that really gonna impact me? How that’s gonna really impact my future and what is it really doing? Like how is that contributing to the economy? Right. Okay, so I’m totally gonna get there, but I have to share this other thought first.
So, as you know, I get this really cool opportunity to be able to go and speak to youth sometimes, right? And I have this message that I delivered that’s sort of similar to what we’re talking about today. It’s not the power of one, but I call it. How to achieve true greatness, Right? That and that I got that from somebody who I really look up to named Howard W Hunter, who used that term.
And I do this thing a lot of times I do this with teenagers, and this is such an effective, I think just example for any of us listening in, any of us considering this. And I go around the room and I say, Okay, look. Who are your heroes, right? And they always go, you know, Steph Curry and LeBron James and you know, I don’t know Doja Cat and what whoever, like pop stars are movie stars, whatever.
And then I go, Okay, cool. No, I get it. I get that. That’s the world’s heroes. But I asked you who your hero is and then I qualify it. And I say, Here’s what I mean, Who’s somebody in your real life that you’ve met, that you’ve interacted with, that’s had a real true, profound impact on your life that’s shifted the trajectory of your life?
Okay. And here’s what happens. Cuz I’ll, I’ll say, I’ll say, Okay, good. You watch Steph Curry hit a bunch of threes. How did that impact your life? Maybe that gave you motivation to get out and shoot more hoops maybe, but who had a real impact on your life? And they, Oh, and then the whole conversation shifts.
And it’s my dad. A coach that I had, my mom, my brother, this, this guy, my boss, and then I go, Okay, but hold. You’re telling me that the real hero now why are they your real heroes? And they always say, because they taught me how to be kind to others, or they were always an example of service. They always serve those that were around them.
Last night on my driveway, I had the same exact thing happen. I’m sitting there with uh, my buddy who’s a contractor and it’s like midnight, right? And we’re we’re finishing up some concrete work cause we’re putting in a basketball hoop. And I said, Tyson, let me ask you, dude. Tell me why you’re loving that.
Like what? They just started their company this last year and he’s loving it and, and I was like, What is it? He’s like, Man, I had, the first time I thought of NorthPoint Homes was back in 2006, and I was like, Well, what inspired you to do it? He’s like, My dad. He was like, this, this, you know, this dirty construction guy, but he always went and served.
The elderly, he’d always go do work cuz nobody else wanted to take those jobs. But he would always go do those jobs even if he didn’t get payment. And that inspired Tyson to now start a business that is now affecting all bettering people’s properties all over Utah County and giving multiple people jobs and incomes.
Right. All because he saw an example of his dad do work for some elderly women. And, and that’s what I see with these kids is there’s, they always think of the person who had an impact on them in some small way, but it has this profound eternal impact. I always think of the, I, I think I’ve told the story before.
I go to Maverick and this lady pays for all of my stuff and I was sitting there silently judging her like I was, I was heading to the airport. Flying to go speak somewhere for the company. And, and it was like 6:00 AM and I think I was flying to New York or something and I walk into Maverick and I get, I don’t know what I got.
Probably all, let’s pretend I got something healthy like a banana. And a smoothie in reality was probably a Red Bull. You’re not likely . It’s probably a diet coker Red Bull, but, or both. Um, so I, I’m standing there. Waiting to check out. And this woman who’s in front of me, I was just in my brain just judging the heck out of her, right?
Based on how she dressed. I was judging her lifestyle and who she was, and just kind of like silently judging. And all of a sudden she turns around and she looks at me and she says, Put that up here. And I go, Uh, what do you put what up where? And she’s, she points to the stuff I’m holding and she’s like, Get that up here.
And I’m like, No, no, no, you don’t. I realize she wanted to pay for my stuff. I’m like, You don’t have to do that. Come on. You don’t have to do that. She grabs. Puts it on the counter, pays for it. And then she did the craziest thing. I’ll never forget it. You wanna know what she did? She gets the bag that they put my stuff in.
She hands it to me and she says, Have a good day. Walks out. Dunno who she is. Dunno where she lives. Don know anything about her life, but I know that that’s simple, seemingly insignificant act of service that costs less than $5. Profoundly impacted my life to where I look for opportunities to do the same when I can.
I don’t, I’m not nearly as good at it as she is. Right? But I’ll never forget that. And you guys, why am I telling you this story? It’s this simple reason. That the power of one is the one simple act of service. The one simple choice to have a conversation that’s significant with somebody that you love, and to bring it back to real estate.
Look, I know that you probably want to have. A thousand properties, or 10 properties or 15 properties, or maybe you just want to have five properties tomorrow and you want it to have your income all the way replaced immediately. And maybe you’re literally just looking at it and thinking, Oh, I just need to get my next property because I gotta get to that point where I’m retired.
And maybe you think that you’re one transaction, or you’re one purchase, or your one, the one investment property that you just bought, or that you’re thinking about buying. Maybe you think that that’s insignificant. But to come back to what you wanted me to share, Steve, Think of this. Your one property, your one investment property, your one single that you hit.
From a real estate standpoint, do you realize the impact it had? See just by you choosing to buy that piece of property? Let me tell you what it’s done. I’m gonna, I’m gonna put it in terms of our clients I’ve done for your real estate clients. When you close on that property, it helps to fund done for you real estate, which allows us to have, what, 23 W two employees, plus lots of other contractors that are, that are able to, to help our clients, but.
People that are able to make a very healthy wage that’s putting food on their table and taking care of their families. Beyond that, there’s a mortgage company and a mortgage team and somebody that’s making money on the mortgage. There’s agents, real estate agents on the buying side and the seller side that are making money.
There’s title companies. That are making money through the title work. There’s property managers that are making money to put food on their tables for their families. By being your property manager, there’s the tenant that’s finally having a home that they really love in a neighborhood that they wanna live in because they want their kids to be safe and go to a good school.
And there’s even the seller that you bought it from that’s gonna benefit likely financially. But here’s the crazy thing, you benefit more than all of ’em. . Now, maybe the seller, if they bought it, you know, for 20 grand at some point and they, you know, sold it to you for 200,000, okay, maybe they made a little bit more, right?
But you think of it, if we just eliminate that from the equation, think of this. So you may make, there may be thousands of dollars collectively that are made by the people that are helping you do that Transac. But if you hang onto that property, go on our website, dfy dash real estate.com, and go click the see the properties and go look at just the five year proforma examples and look at what the total amount of money is that you could make if you just hung onto the property for five years from cash flow and appreciation.
I gu your number. What you’ll make on your one, seemingly, maybe to you insignificant, maybe significant property, is gonna far outweigh what everybody made, helping you get that property in the first place. And that doesn’t even include how much that property could make you after year 10. And that doesn’t even include how much that could help you grow a portfolio into a couple other properties or what that would mean to your kids when you leave it to them and they.
Free and clear portfolio of real estate that now funds their college and funds their ability to go and serve in the way that they want to or funds their ability to start a business so that they can be a part of true virtue based capitalism where there’s mutually beneficial things happening for all parties.
Your one transaction. Has an impact on dozens of people and all of that impact, if you just look at it financially, is gonna probably be less on that property, significantly less than the impact you will have on that one property over the timeframe if you own it for long enough time. If you own it for 5, 6, 7, 10 years.
And that’s just one transaction and one property. The power of one is real, but it only works in this virtue based, principle based capitalist environment where everybody is honoring their obligations. Where there’s honesty that’s involved in the situation where there’s hard work being, uh, rendered by multiple parties, where there’s frugality being practiced across the board by all parties, but you add that all into this one transaction and it has this profound impact.
Now, what if you get two Now, what if you get three? What if your one becomes two? It becomes significant that. can make all of the difference in the world. It truly is powerful. Kev, I mean, very well articulated and that one transaction, the impact it has. On the economy, generally speaking, but most importantly on, like you mentioned, dozens of individual economies, right?
That’s right. Every person, every family has their own individual economy going on, and that one transaction impacted dozens of people’s economies. And when you put it in, in those types of terms, right? And you understand the impact that you’re having just based on that one decision to buy one. It’s pretty cool to think about.
It really is, and it’s pretty cool to, to consider the idea that like what you’re doing on a daily, regular basis in having made that decision to prepare for retire. Having made that decision to, to just purchase that one property, although, like you said, the biggest person is gonna be impacted is you, you know, ultimately the power of that one property over the course of, you know, multiple years is, it really is just phenomenal.
It’s life changing. In fact, it is just fun. I mean, we had a recent episode here, right? Of. Eric Shaman. Eric Shaman. Yeah. Who came in and, and spoke about how 10 years ago he got started and his goal was to replace his income and he did it. And he started with one property. He started with one property. Yeah.
And it was interesting, Kevin, Two days ago I was in our bank and I was, I was talking with a couple of, of, uh, The, uh, executives in there and, uh, in fact they came up to, every time I go in there, they’re asking me about markets and they’re asking me, they’re like, Hey, one day I’m gonna show up and I’m gonna get one of those properties and I’m working on getting my down payment saved up.
And, and, and it was interesting, you know, one of the guys listened to that podcast with Eric Shaman and he looked at, at the, one of the executive vice presidents and they looked at each other and he said, We were talking about this. We listened to that podcast. I’m like, That’s cool, you listen our podcast.
But, but he is like, that’s what we want to do. And they’re pretty young guys. They’re probably in their, in their mid thirties, you know, and they’re like, That’s what we wanna do. And it. one day we’re gonna get started with that one. And they’re excited about, and they think about it, they’re obviously thinking about it, they’re listening to us.
And on top of that, like I say, every time I go in there, they’re like, you know, they’re running outta their office and talking to me. That’s awesome. And I mean, just, you know, amazing guys who, who are very professional, what they do and, and, and successful in their own right. And they’re just, they’re working on it, right.
So they can make their first purchase. And, and so it, it’s awesome to see like, That one episode, right? Yeah. Power of one, that one. That’s right. Episodes had a major impact on these three executives, and who knows, you know, it may, it may change the, the course and trajectory of, of, of their financial lives, you know, motivating them to take that next step.
I had, uh, when we were in Porta Vita, I was, uh, we were just hanging out in the hot tub and I had a conversation with this awesome couple, right? They, they’d done some real estate, but it was just the conversation. We were just talking about what do we do? What does he do for work, what do I do for work? And, uh, we were there with our wives.
And what was so cool is they said, What you guys do we need. And I just got an email from ’em yesterday and they’ve told their family about done for you real estate and about the opportunity. They’ve got a bunch of people living in California who’d love to invest in real estate, but it’s virtually impossible to invest in California.
And they didn’t even know that there was an option to go get one property outside of the state that they live in. And that there was opportunities to go and do that. And who knows what kind of an impact. And I think of that it’s gonna, it the one convers. Could have an impact on that results in one transaction for many people, that could build many legacies, that could build many dollars being generated by multiple parties inside of each of these transactions where it’s funding people’s ability to put food on their table for their families, and making the investors tremendous returns.
It’s so often we get so caught up in the big picture that we forget digital. Big pictures are made up of tons of really small. And each of those pixels matters. And I think sometimes we forget that when it comes to our life. And so guys, what we want you to take from this episode today is that there is power in one.
I know it feels daunting. We know that It feels sometimes a little frustrating, just like Steve and I were having some frustration yesterday feeling like, gosh, are the things that we. Do they have an impact? And as we started to have this conversation with each other, we went, Holy cow, there is more impact than we maybe realize.
I want you to know. That, that small conversation you have with someone you care about, that the small decision just to save the extra, you know, I don’t know, $2 in your wallet to put it in some sort of an interest bearing account, that that is a part of a bigger picture. Right. There’s, there’s. Things that you can do and should be doing every single day.
These tiny, seemingly insignificant decisions, how you serve one another, how you treat one another, how you interact with the conversations that you have, the financial choices that you make, it has a massive impact. The power of one is very real. One property, one decision, one person, and it has eternal impacts.
It really truly does. Yeah. Well, well said Kev. You know, the, the last thing that I, I want to just say in this episode is, you alluded to this, uh, a little bit earlier in, in the conversation. The concept of, of just like taking that first step in acting and. And not, uh, you know, these words, but the concept of to act and not be acted upon.
Yeah. Right. To, to be self-motivated enough to take that first step in moving forward and to not be in a position where you’re forced to do something like the, the concept of we shouldn’t have to be told. What minimum wages are, like our businesses will tell us what minimum wages should be, whether it’s $5 an hour, or you know, $500,000 a year in a, in a salary.
We get to make those decisions and we ought to make those types of decisions, you know, ourselves without being mandated. Mm-hmm. , and it’s the concept of, of acting for ourselves and making good, virtuous choices and decisions, whether it’s in business, in real estate, in home. In your community life or whatever that it might be that you’re doing.
And sometimes it means doing it in secret. That’s maybe the last thought I just wanna share is, you know, Steve, you talked about something. If you are in a store, And you knock over something instead of walking away, pick it up or go find somebody to clean it up. You know, you, it’s, it’s the simple idea of instead of throwing a piece of litter out your window, you put it in a trash can, right?
It’s the simple idea of when you see somebody that’s in need, you stop and render whatever assistance that you can and listen. It doesn’t have to go on social media and the world may never know about it. Yeah. And, and I’ll say this, and, you know, maybe you’ll cuff me across the set ahead. Like even, you know, some people get pretty extreme, like in, you know, environmentalism and there’s a, it’s a become this big political issue.
Why is that a political issue? That shouldn’t be a political issue. It’s like it just makes common sense to take care of the environment. Right. And to not have to be mandated. It’s like if you’re brushing your teeth, you know, shut the water off while you’re brushing. You don’t just on’s, right? Yeah. Just, just those little things where nobody is telling you what to do.
You just do it because it’s, it’s the right thing to do. And so you take that action and, and we’re all better off for it. That one simple action again, you know, we’re kind of beat. Dead horse here, but there’s so many different examples of, Yeah, there is the power of one. Yeah, that’s so true. You know, it’s, It’s the Boy Scouts 1 0 1.
When you leave a campsite, leave it better than you found it. Right. I think that’s really the idea. Leave everybody better off than you found him and watch the magic that happens in your life when you do. All right, Steve. I think that does it, man. This was fun. Yeah, that was a good conversation. Thanks, Kevin.
All right, everybody. Thank you so much for tuning in. I hope you listened to the very. And we appreciate you Now. Hey, here. Last recommendation. Go Google the Strangest Secret by Earl Nightingale. Take a couple minutes today. Listen to it. Read it. I promise it’ll make a difference. And I promise that you as an individual, your power as the one that you are and the choices that you make will have an impact beyond anything that you can reconcile.
It may not be plotted by the. But I promise you it will be impactful to those that you impact. It really truly makes a difference. Thanks everybody. Thank you for listening. Please share and rate and review the podcast. You know that helps the podcast and we love you for doing it. Thank you so much and we will see you next week.
Take care. Thanks so much for listening to Replace Your Income with Kevin and Steve. Do you have a question you want us to answer on the show? Head over to Apple Podcast and do three simple things. Leave us a rating and review and tell us what you think of the podcast. Then in that review, ask us anything you want related to real estate or income replacement.
Then sit back and get ready to have your mind blown. And if you wanna shout out, leave your Instagram handle, Lord your name, and that’s all. Then listen in to hear your question answered, live unfiltered and uncut. Thanks for joining us on Replace Your Income and just remember income replacement for you and your family may only be one property away.
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