How I Create Passive Income Through Mortgage Note Investing
Hey friends! I recently had the privilege of being a guest on Seth Bradley's popular Passive Income Attorney podcast. We covered a lot of ground chatting about my personal backstory, including my days as a college athlete, my time in the military, my long commute while working a government job, and how I eventually quit to start my own businesses. I share an amusing story about rupturing my Achilles tendon playing badminton - not exactly a "tough guy" sport - and how that was the final push I needed to walk away. I didn't get fired like Seth did (check out episode 74 of my podcast to hear that story!). One of my favorite parts is when I talk about my business coach's concept of "permanent beta." The idea is that as an entrepreneur, you should always be learning, growing, taking in new information with an open mind. Nothing is ever quite "finished" - you're always tweaking, improving, reevaluating. Other highlights include how I got into real estate and mortgage note investing, the importance of focusing on your strengths, and why buying performing vs non-performing mortgage notes appeals to different investors. I'd love to hear your thoughts and experiences after listening. What stuck with you? Did anything surprise you? Let me know!
In this episode, you will be able to:
Diversify your income with multiple streams for financial security.
Successfully transition from W-2 employment to entrepreneurship.
Embrace the permanent beta philosophy for personal and professional growth.
Harness the importance of discipline for achieving success.
Explore the world of note investing and mortgage notes for wealth-building opportunities.
The key moments in this episode are:
00:00:00 - Introduction to Jamie's Background
00:03:05 - Importance of Discipline from Sports and Military
00:11:28 - Transition from W-2 to Entrepreneurship
00:13:30 - Shifting Mindset and Taking Ownership
00:15:03 - Benefits of Going Part-Time
00:15:34 - Building Multiple Streams of Income
00:19:08 - A Surprising Quitting Story
00:24:46 - Leveraging Strengths and Skills
00:28:13 - Introduction to Mortgage Note Investing
00:30:01 - Incremental Progress and Expansion
00:30:43 - Note Funds for Accredited Investors
00:32:00 - Finding Note Assets
00:34:16 - Foreclosure and Property Acquisition
00:36:42 - Active vs. Passive Investing
00:42:31 - Mind and Body Health
00:46:05 - Goal Setting and Backwards Planning
00:46:46 - Benefits of Passive Income
00:47:29 - Mindset Shift with Passive Income
00:47:39 - Sharing Content and Resources
00:48:22 - Gratitude and Conclusion
The resources mentioned in this episode are:
Check out the From Adversity to Abundance Podcast for impactful stories of real people who have overcome painful human adversity to create a life of abundance. Available on major podcast platforms.
Explore the From Adversity to Abundance Podcast book, based on the podcast, for valuable insights and inspiration on overcoming challenges and achieving abundance.
Visit labradorlending.com to learn more about mortgage note investing and explore opportunities to invest passively in note funds for potential monthly returns. (Note: Accredited investors only)
Consider implementing breath work as a daily practice for mental and physical well-being. It can be a game changer for resetting the central nervous system and improving focus.
Create a vivid vision for your life in the next three to five years and reverse plan to achieve your goals, increasing intentionality and urgency in your daily actions.
