Adventure On Purpose

We dive into capital gains on real estate and ways you can avoid these taxes.  Examples: How long you have lived in the house 1031 Exchange A certain amount of capital gains    *Disclosure we are not tax professionals and this information is based on our own knowledge. Seek tax professional advice. 

House Hacking Defined: "House hacking means finding ways to generate income from your home. Traditionally, house hacking meant buying a multifamily property, living in one unit and renting out the others so that the tenants pay the owner's mortgage, and the owner builds equity while maintaining the property." Both Kel and Lee and Dani and Mike have done house hacking themselves, tune into hear our stories in more detail! 

Listen in while we are walking through how to analyze a long-term rental property. We dig into the expenses, income, and interest rates on a mortgage that will help you decide if the property will meet your real estate goals.      

We have experienced a long and what seems to be an unending winter. Especially here in Minnesota! If you have been feeling that seasonal depression kick in or feel out of it, you might want to tune into this episode! We have in fact been feeling these April Blues ourselves and we wanted to share some tricks and hacks to help get you through the home stretch of this winter and get into Spring ready to go!  

What are your thoughts on work/life balance? "If you can't do anything fun is the hustle even worth it?" -Kellee A lot of people are talking about work/life balance these days so we wanted to give you guys some of our thoughts on it. 

Listen in to what the Adventure on Purpose crew thinks will happen within the economy in 2023! 

Everybody has a brand or they are invisible. Your brand is the story people tell about you and the expectation of what you are going to be like when you walk into the room. That's your brand.    How do you think you invest in your own brand?   Do you think our brand is constantly evolving?    Do you notice other people's brands?   What kind of brand do you feel like you enjoy being around?    What is your goal brand for when you are 90? 

While co-host Dani was having a conversation about retirement with some local people she noticed that not very many people have a plan for how to save for retirement or what they will do once they retire! So we decided to dig into different ways to save for retirement and talk about how it is never too early to be thinking about it! 

One of our hosts Kel started this epic race 4 years ago, the Gitchi Going Race! It is a run to kick off the new year! What started out as just Kel and Lee running it back in 2020 has turned into a yearly event that has both grown in milage and peeps Githci Going for the new year!  The number of miles to be run is what the new year turns! Example: we just celebrated 2023 so you get to run 23 miles! Or the half option at 11.5 or 2.3 miles!  This is a recap of the whole Adventure on Purpose Crew doing just that! 

Use these 3 basic building blocks of money habits to accelerate yourself into real estate investing!  1. Take control of your spending and know where your money goes each month. 2. Eliminate unneeded spending and debt. 3. Leverage your increased savings to accelerate your future.   

First things first know what your expenses and income are each month!          ◦       Put together a plan         ◦       Look at potential properties you would like to invest in         ◦       Create a budget         ◦       Create a savings goal         ◦       Put a timeline to it         ◦       Make baby steps         ◦       Track progress         ◦       Celebrate results         ◦       Find some real estate options that fit your budget and                     run numbers         ◦       Be prepared to act when the right property comes                          along Key Point:         ◦      It doesn't happen overnight         ◦     Just Start 

We are big do-it-yourselfers! And we want to bring to you some steps along the way to give you the confidence to try some of the work yourself on your investment proeprty. We think being gritty and doing a lot of the work yourself will be super beneficial to your real estate investment journey. The first one we are going to chat about is putting up sheet rock on walls, ceilings, etc. This is a skill that is super helpful to know and understand. Whether you want to hire someone down the road or be proficient yourself this is a skill that will help you understand how you can tranform an existing home, create new walls, and more!  Tune-in and let's dive into some helpful sheetrocking tips, tools, and benefits! More of this DIY content to come! We are currently doing our own sheetrocking so we thought it was fitting! Dani and Mike are currently adding sheetrock in a new basement bedroom and living room, and Kel and Lee have been sheetrocking a bunch of their Silver Bay Flip.  If you are wnating more content like this or want to ask something specific leave us a comment! 

Calculating your numbers on a fixer-upper. There is a lot of thought that goes into a fixer-upper and we believe that running the numbers on the project is one of the biggest steps. We dive into calculating what it will cost to make the repairs, hint: actually, get the measurements and look up the prices of the product. And we also dive into how to get a ballpark value for what the after-repair value will be.

Kel and Lee get to ask Dani and Mike the same questions from episode 62 about Real Investing!  Questions: 1. When did you know you wanted to put money into real estate? 2. What was your first actionable step to get closer to investing in your first property? 3. What criteria were you looking for in your first property? 4. How much did you save up to invest in your first property? 5. What were the feelings when you were closing on your first property? 6. How long did it take from first taking action to closing on your first property? 7. Who was the one that wanted to invest in real estate first? Was there any convincing involved? 8. Is there a property you want that feels so out of reach right now?

Fun questions Dani and Mike got to ask Kel and Lee!  Questions: 1. When did you know you wanted to put money into real estate? 2. What was your first actionable step to get closer to investing in your first property? 3. What criteria were you looking for in your first property? 4. How much did you save to invest in your first property? 5. What were the feelings when you were closing on your first property? 6. How long did it take from first taking action to closing on your first property? 7. Who was the one that wanted to invest in real estate first? Was there any convincing involved? 8. Is there a property you want that feels so out of reach right now?

We dive into how we communicate with our guests once they book our place through Airbnb. From the moment they book, to checking in and out details and everything in between!  Also, we go into detail about keypads- fun fact there is a ton of different combinations you can program into them!   

This episode from Investing With Adventure On Purpose is diving into the steps to start your own Airbnb/vacation rental. It really isn't as hard as one may think, but there are some considerations.  Listen along as we go into the actionable steps to get your house, land, unique place turned into an Airbnb and on the market.  Show Notes/Breakdown: How to get started in Airbnb/short term rentals?   1. Check with your municipality/county on rules and regs 2. Find space that you can rent out ⁃house ⁃shared room ⁃guest house/quarters ⁃tents/glamping  ⁃tiny homes 3. Set up the space for guests ⁃furnish it ⁃Make it homey ⁃Repairs and safety measures based off local codes and regs ⁃Add accommodations like coffee, snacks, bedding, towels, internet, tv, etc ⁃Make it so you would want to stay there 4. Create the listing on vacation rental websites (Airbnb, Vrbo, or your own site) 5. Insurance  ⁃make sure home rental insurance is compatible with short term vacation rentals 6. Get a guest booked at your place!

Our adventurous podcast is making some big changes and pivoting to focusing specifically on Everything Investing. This is the main topic we are going to surround our adventure on purpose is to bring amazing content that helps people understand, invest, and take steps to create your adventure on purpose. Follow along as we niche down our topics and bring impactful content to help you navigate how you can create wealth and spend more time adventuring! 

It takes a lot of work and time to find a deer shed There are so many different trails, trees, and land that a shed can be on. Like shed hunting, everything in life takes time and effort to get done.  

The Adventure On Purpose crew takes on a challenge/assignment. We are challenged to acknowledge and see the little things throughout an entire day and send our lists of what we see to eachother. Listen in and hear how it changed our days.  

In this episode the crew goes over what has been on everyone's mind lately and little motivational mantras and snippets of advice that have been fueling us. For example..."That of which you do not hate, you will eventually tolerate," is one quote that is brought up.  Enjoy the listen! We hope it motivates you to Adventure On Purpose!!

The new member of the Adventure on Purpose crew, Kruse joins our adventure! Kruse's birthstory! 

81% of your thoughts are thoughts that you think about every day! So the other 9% of your thoughts are the thoughts that will change your life! 

Let go of expectations that other people put onto you! You can only live up to your expectations for your own life! 

And not everyone is going to agree with your example!

The pain cave- the moment when you think you can't go any longer and then you tell yourself you CAN! What do you do when you enter into a state when you think you can't go any farther?

By living up to other people's expectations you will never be happy! Set your expectations and crush those goals! Happy Day! 

Everyone is shaped by their environment. Whether in a good or bad way. People are molded into what they see and hear. Are you being told how to act by the world around you?

Dealing with the challenges of life! We add a little twist and call it Toe Jam! We hope you laugh a little and learn even more from this epic episode! 

Being on the same page with your partner throughout your pregnancy is a game-changer and needed.  Teamwork makes the dream work and will help immensely once the babe is born! 

What is something that you keep doing that you know deep in your heart that you should let go of? Most of the time we hear everyone saying that quitting something is a bad thing so we continue to do things that we know if we stopped doing them it would launch us to higher heights.  By the end of this episode, we hope that it gives you permission to stop doing the things that are sucking the life out of you! 

Co-Host Dani is 37.5 weeks pregnant and getting to the end of her "marathon" training to having a kiddo! Kellee gives some great tips on how to have a positive mindset to get through this adventure and the guys talk about how they feel gearing up to the arrival of their biggest Adventure on Purpose yet! Happy Trails!! 

Instead of setting a New Years Resolution, the Adventure on Purpose crew sets their sights on "The Journey to Your WHY". How are you going to hit your 2022 goals and narrow in your why better? 

How to roll with the punches of life?  "Take more punches" & "Get bigger gloves" ;) Learning to roll with the punches will make life more enjoyable, even though it can be a challenge. Most of the time you learn more from the punches than the things that went smoothly! 

Tune in as Dani and Mike talk about their unreal experience of running a 50K in Utah! Hot, aid stations not where they were supposed to be, running over boulders, and jolly ranchers. 

Tune in as we talk about the Metaverse! With the world going to a ton of virtual events, the metaverse is a whole new level. Maybe you haven't heard of the metaverse before, it is okay, Mike and Dani hadn't either until Kel and Lee filled them in. Is the world going to be all metaverse soon?? We hope not...Because we all need a little more Adventure on Purpose and real human connection!  

Communication is something that will always have to be worked on. Whether you are in a relationship, in friendships, and within families. 

Kel and Lee share their recent experiences from a 100k ultramarathon they just ran! It was hosted on the Superior Hiking Trail on a stretch that has some brutal terrain and technical running sections. Tag along as they share on this amazing feat on their feet! By the way that's 62 miles of running starting in the dark and ending in the dark! This will sure be a great episode! Time to sign up for some more!

Is there something to say about your personality if you like a sunrise or a sunset better? 

Sometimes you have to trick your brain into being mindful, grateful, and happy! Tune into ways how to switch your mindset in a positive mindset! 

Giving your examples and knowledge out for free will help you gain trust and value from others. Keep giving and pouring into people, the return to you will be unexplainable!  

Has there ever been a time in your life where you have forgotten who you truly are? We all have, but who hasn't!? Tune in to some of our tips to get you back to your roots! 

The Brown's dive in on how to hike with a babe under the age of one! And man do they have some good tips! #brownadventures 

Hiking the Superior Hiking Trail together as the Adventure On Purpose Crew! A lot of thoughts come up when you are trekking through the woods. Some are positive and some are negative, but how can you get your mind programed to shifting to seeing the positive and engaged? 

Lets dive into the specific WOD that resets you and gets you feeling good! This could be little things and not just an actual workout. Sending feel good texts to others, opening the door for others, picking up trash, and so many more. Listen in as we chat about ways we get ourselves to do things for others and not just ourselves. What are your little Feel Good WODs?

We talk all about how having a smile on your face changes your mood and the people around you's mood. The challenge for the week is to smile at everyone that you come in contact with. The grocery store clerk, mail delivery person, person next to you at the stoplight, the kids on the school bus, etc. 

Have you ever thought what it would be like to switch lives with your spouse? No? Well that's what we talk about in today's show! Listen for an entertaining talk on your opposites life. Imagining what it would be like is a great practice for seeing what it would be like to be in someone else's shoes.

Sugar is in so many things! Have you ever tried to limit your sugar intake? Next time you are eating or drinking something, take a look at the nutrition label and see what is all in there. 

Our first episode was released May 7th, 2020 and it was all about Fun Facts about the 4 of us (Kel, Lee, Dani, Mike). So we thought it would be perfect to release an episode a whole YEAR later about fun facts again! Thanks for listening to our Podcast and for Adventuring On Purpose!! 

Kel and Lee put Mike and Dani in the hot seat and ask them all sorts of great questions! 

In this episode we chat about some of our adventures and ways you could spruce up yours!