Lazy Money Machine Podcast

In this podcast we speak to Rodolfo Young who embodies the lazy lifestyle, living in Bali while running his speaking and coaching business. Rodolfo speaks about compounding. We know this term from investing whereby the interest on an investment get reinvested and therefore it is compounding your returns. However it turns out that compounding can be applied to many areas of our life especially learning. Join Erik in exploring the fascinating ideas of Rodolfo Young.

David explains his views on this statement and why it is important not to care too much what other people think. David explains what happened when he got vocal about the pandemic. Erik asks if this is linked to having self confidence. Self confidence is a magnifying glass if you have more self confidence it is easier not to worry about other peoples opinion. Also if you are more successful and older there are less repercussions for saying what you feel without filters. Tony Robbins: If it is not going to matter in 5 years don't give it 5 minutes of your timeThe vast majority of people should not run a business. We talk about how the Spanish and Indonesian culture influenced us in being straight forward.If you are worried about what other people think of you it is going to influence the speed with which you take decisions. Finding your mission in life you need to get separate from other peoples opinions. Opiniated people trigger the fear of not being good enough in others.David elaborates on how conflicts can exists if we are too stuck to our thinking and how important it is to be genuine.

Pandemic Special00:00 - 00:08 PANDEMIC OVERVIEWDavid outlines where we are with the covid-19 pandemic and lock downs. David explains why we are seeing the last bit of this pandemic. We will have people with health problems, financial problems and relationship problems. How can we see this as something positive and make society better while creating some profits. For properties we will see the need for smaller units, multi family units and properties with good work from home facilities. 00:09 - 00:13Erik is discussing the situation in Indonesia and poorer countries, they will have to start opening up since the government does not have the money to keep everyone locked down. Erik's obeservation is that the limitation of freedom is causing a lot of issues. Erik outlines why our Lazy Lifestyle has actually trained us for lockdowns and why it therefor does not affect us at all and why we are still looking for opportunities.00:14 - 00:20David outlines how the limitation of travel has made him realize how much he misses speaking on stages.David outlines while countries like New Zealand will struggle. Financial consequences are going to be felt for decades. 00:21 - 00:40 MINDSETWe speak abouth why Mindset in this situation is so important. David explains why he got frustrated because of the fact that nobody could see what he saw based on factual information because most people are influenced by mass media progaganda. Being financially secure removes the fear of saying what you think and David thinks a lot more people should speak out. David discusses why he thinks that 'pivoting' is a wrong way to look at your business. If we sell a quality product we can keep selling that and not revert to lower value cheap products.00:41 - 1:00:04 OPPORTUNITIESHow does this situation create opportunities? David explains that we are in an asset bubble and that Commodities, Real Estate and Shares are the vehicles where money is going to be made and where value is going up, simply becasue the value of money is going down. It is going to create a very large division of wealth and young people are going to have more and more difficulties to create wealth at all.Erik speaks about a trend that is going to influence what markets are going to look like: The break up of family units. This means that in terms of property investing, family houses with a garden that can accomodate a garden office, shared accomodation with studios and small flats are going to in demand. David spots another trend: Social Housing, housing for unemployed people and why this is a great opportunity. Erik discusses with David how empty commercial office buildings could be great redevelopment opportunity to turn them into housing. The small businesses (coffeshops, cafees, small restaurants etc) are suffering really bad. There are very interesting opportunities in shares as well and David discusses some. 1:09:00 - 1:14:00 THE FUTUREIf we look close at the World Economic Forum and their agenda 21 we can see what is coming our way: a possible a cyber attack wherby our powergrid could be under attack. Reach out to your friends, there are a lot of people suffering.

David starts explaining by how it is possible to make money buying and selling in the current market which in New Zealand at the moment is very strong.David buys a property, does the necessary repairs and compliance work, and makes it ready for investors to take purchase. If the buyer does not renovate themselves, David's team hands over all the quotes he has for the renovation together with the property so the buyer can do the work themselves. This way he takes the uncertainty out of the deals for the buyers/investors.We tend to focus on 2 very important levers in the property business:How to add value and how can we generate a cashflow out of the propertyWe discuss what is holding many people with cashback from going all out in property investing is the leveraging or lending part of the business. This is scary for some especially the slightly older investors. Once we get them over the fear of lending, we can leverage this equity into a cash flowing property portfolio.David has a story around Morals & Ethics that happened today. David had a contract on selling a property with a buyer and investor signed when he received 2 offers that were higher, One of them 40.000 more than the deal David had done with the buyer. David went back to the investor and split the difference of the 40k more on the deal. This way it is a win-win for everyone. Morally it was wrong to get out of the agreement and take the 40k extra profit.We discuss the morals & ethics in doing business and how if you not use this in doing business it will come back to you someday. Traces of what you do are around forever and can be found on the internet easily. How about masculine and feminine energy :-) what does that have to do with morals & ethics lets check in with David on this. Lastly, we talk about freely sharing knowledge and helping people and how doing good is coming back to us.

David doesn't work more than 3-4 hours a day BUT he spends a lot of time hanging out socially with other people. Some of these people are business related some of them are just friends. This is so important to nourish your relationships even more so now in the Covid lockdown situation. It is also very important to nourish the relationship with your children.David and Erik both like working with partners in business but they come with problems, they come with baggage. Also you need to realize when you are in the way of progress and remove yourself from the business.Erik puts it even more firm: if you are not aligned with your partners you need to leave the partnership but you need to remember that nobody is perfect and you need to manage your partnership. It is very important is to find out what values your (potential) partner has.David feels that culture changes once a company grows beyond a certain level of revenue. When things become more corporate David is no longer a good fit. In that case you need a predefined exit strategy for a partnership. We speak about doing business with family members and the pro's and cons of it.David speaks about how wife/husbands/lifepartners can mess up a business relationship. David thinks it is best to not share too much of the (negative) news of your dealings with your business partner. You can talk about the good things of your business relationship with your life partner.

Before we start off talking about this topic we will discuss why many people are letting external things like the weather, opinion of other people influence how you feel. Things happen for a reason start to accept that.Business is different from property, you are more emotionally attached to businesses, they tend to become like a baby and there are usually more people involved. This can prevent you from making objective decisions.Most people in property are paid based on results or services you don't' need permanent employees in a property business.Get mentors to get over your limiting beliefs around propertyDavid started with no money. It is a mindset issue David explains how he gets people out of these limited beliefs when he was mentoring people. The 2 things that are holding most people back:1.Fear that they are not enough2.I am not worthy3 type of investors1.Part timers on the side of their normal job2.Dreamers, no guts no money skilss3.Full time investors, not a very common thingOptions for people interested in property but don't want to invest full timeStructured investment vehiclesREIT's on stock exchangePrivate property funds / Trust 6-8% annual dividend 7-10 yearsSyndicationsAngel investor private investor David usually gives them a good return on their money because most of these deals are used Interest rate on their money (floating rate). David will charge a management fee as a project manager. And the profit will be split 30-7- to 40-60 in favor of the party that put the deal together. Erik & David don't invest in things that we don't understand and only in people we believe in. David charges interest rate on his money and a % of profit at the end of the deal.We discuss how you can start investing with an experienced property investor can be really rewarding. Businesses will create cashflow a lot faster than property will but property will get you there in the long run.

We have idolise being busy and are pushing our lives to the limit and it is taking it's toll on all of us and on the world. Erik and David will discuss this today and see how this doesn't fit with the lazy life style we promote. Documentary David Attenborough: A Life On Our PlanetBook: The top five regrets of the dying: Bronnie Ware

David is interviewing Erik about his past, property strategies and his plans for the future. It has been quite a while since Erik has spoken about this. You will also find out that the Lazy way sometimes means hard work....want to find out why, listen to this episode.

Erik introduces David Leon, the new co-host of the lazy money machine podcast. David is a property investor, mentor and dealmaker, living the lazy lifestyle in his beautiful home in New Zealand. David tells us what drives him and what he wants to to with the podcast. I am so excited to have David on board.Find out more about david here: https://www.wealthmentor.co.nz/david-leon.htmlhttps://www.lazyinvestorclub.com/And find us here: https://www.lazymoneymachine.comnew website coming october 2020

In this episode we discuss how we have build the Lazy Money Machine business, how we do the content and how we wrote the book. We also discuss partnerships in business. Lastly how do we measure success: The impact have on people……and we read Walter's beautiful message.“Today is the first day of my freedom of time and financial independence. Thursday I had a beautiful farewell reception at the company and yesterday it was my last day at the office. It still feels awkward and I guess it will take a while before I get used to is. In two weeks time my wife and I will be traveling to Equador, Columbia, Panama and Costa Rica for 3 months. After that I'll start looking for new goals in my life without losing the freedom of time. Thank you Erik & Graham for giving the insight for a new life-style. “

Graham is getting ready to move his whole family to Thailand, he has done this regulary and it is part of his lifestyle. We discuss how focuss, or what you pay attention to is really important. If you focus on the fear of loss you cannot grow your wealth and your business. Erik & Graham share very personal stories about business situations that go bad and how changing the attention helps them get through it. And some discussions about the weather.Source article:https://hbr.org/2018/03/to-control-your-life-control-what-you-pay-attention-to

In property, a lot of things can go wrong and you have to deal with a lot of uncertainty. Erik and Graham discuss which uncertainties you need to deal with and how you can mitigate this with building buffers.

Graham walks us through investment strategies that work for Japan's diverse real estate property market, focusing on the outlying city of Fukuoka. Why would you want to consider a low-yield property market like Japan anyway? We talk about risk and currency diversification, and the dangers of having all your proverbial investment eggs in one basket (or market). You can buy a 1 bed apartment in Fukuoka Japan for as little as $60,000. We explore the purchase costs and potential yields from such an investment

Cedric is passionate about startups, block chain and owning just 64 things (all of which are black). How does Cedric manage his minimalist lifestyle of 64 things? How does he maintain some form of stability when he is constantly traveling? What kind of technologies and startups is Cedric actively involved in as a founder and angel investor?

Robert Kiyosaki (Rich Dad Poor Dad) always talks about the importance of being able to leverage OPM (Other People's Money). In this episode of Lazy Money Machine, we unpack Erik's development projects and how he's sourcing external finance. Erik walks us through his latest building project in Indonesia and shares advice on how he markets these projects to prospective investors. What are the challenges in raising OPM? Why is raising OPM an important skill and often the gap between an amateur and a professional investor?

Jasper is author of Get Paid for Your Pad - the definitive Airbnb guide. How did Jasper get his start in Airbnb? How did Jasper build an Airbnb business across multiple countries? Airbnb is an increasingly popular business to generate passive income for landlords, but what are pros and cons of this model compared to traditional property rental?Jasper: https://getpaidforyourpad.com/

Musician Tom Southerton jams with Graham about about property investment and building businesses across borders and time zones. Is the best tenant always the one who pays the most money? We trade landlord stories of how bad tenants can wreck your property business and what you can do to protect yourself from them. We take a look at alternative investment vehicles and wealth holders like precious metals and crypto currencies.

Graham tells us his background story and teaches the basics of investing. Many business owners think that their businesses will make them wealthy, they won't. Statistics show that most will end up making as much as they would have done if they stayed in the day job.The key to creating long term sustainable wealth lies in income producing assets, particularly passive-incomeBuild a lifestyle business that generates cash, invest that surplus cashflow into an asset-based investment business45: Lifestyle vs Investment Business, Graham's story

Walter Rijk joins the Lazy Money Machine. We talk about how he got his start in commercial real estate property investing What is the challenge in growing a large, successful business? How do you manage the expectations of being "the boss"?What do you do when you want "out" but you've been "in" for so long? How does commercial real estate investing differ from residential real estate? What are the pros and cons of each? How do you finance commercial property deals?

We discuss how both Erik and Graham have a weakness on buying certain things for Erik it's electronics and audio equipment and for Graham it's bicycles. We discuss how important to is to collect experiences in stead of things in a lot of detail.

The legend Jim Rohn today If you work hard on your job you can make a LIVING if you work hard on yourself you can make a FORTUNE. Because my working harder on yourself you make yourself more valuable to the workplace. Erik spends a lot of money and time on learning things through courses and discusses why it is important to him. Graham speaks about how to get things done in your life especially the things you have been putting off. Graham suggests to double down on what works and don't have to think about it.

The book we discuss today, Rolf Potts - Vagabonding. There is a very interesting quote in the book "If in doubt just walk until your day becomes interesting". Literal movement literally is great to be fit and productive. Tony Robbins says "Emotions are caused by motions". Movement in terms of making small steps towards our big goal is also the best way to get in the game and work on your goals. We revisit the topic on why so many people don't do what they dream of despite the fact that most of them actually have the money ALREADY to do what they want to do. We're goofing around with our intro music sorry about that looking for cool intro music, if you have something original you made yourself send it to us.

We have some clips from Jim Rohn and Zig Ziglar today talking about dreams. You will never make it as a wandering generality you need to become a meaningful specific. Graham and Erik talk about the dreams they have and how we work towards them. Also we discuss the 'handbrakes' we have in our lives that prevent us from moving forward. We are scared to release the handbreak because we are affraid of the loss it gives us.

People don't want to be a millionaire they want the experience that a million dollars can buy. What happens when the money you earn increases. Erik discusses his story to riches and then losing the business. Not adjusting your lifestyle gives you the flexibility to handle the ups and downs. Erik talks about his 6 months travel and why almost anyone can do this as well. Graham has been traveling since his son was small and lived in different places continuously and made sure education continued. Tim Ferris paved the way for this kind of lifestyle in his book 4-hour workweek.

Why can I not achieve my 10-year plan in the next 6 months? This question really gets you to challenge your assumptions and forces you to really think hard how you can MASSIVELY speed up achieving your goals. Once you think like this you find a WAY (method, process, people, tricks, shortcut) to get it done fast.

Nick Vujicic discussed today a guy without arms and legs who has an amazing view on life. Believing in yourself and overcome self-doubt is the best you can do for yourself. Also, communicating that you want to do, helps to fix your commitments.

We speak about what possessions mean to us and what we would do if we would lose it all. Many people hang on to their possessions but if they lose it all they find out that they hardly miss it. We also discuss people that consciously reduce their possessions. Being too attached to physical things takes up mindspace and makes you inflexible.

We talk regrets today, what do you regret in life? Graham found some big regrets people have from an article we found. Erik & Graham share some of their regrets and how they deal with it. Most people at the end of their life regret what they HAVEN'T done. So what are you waiting for.

19 year old kid disrupts the property agency business in the UK what lessons can we learn?

Shaquille O'Neal tells how he spend $1.000.000 in a day. He found someone to help him with his finances a financial advisor. Graham and Erik discuss their views on getting financial advice and building teams.

Graham and Erik discuss the role of the spouse especially if you want to start a business and live a life some uncertainty. For long term success, you need a spouse that supports you. Building a business is not a short term project it takes stamina. The best chance of success is if one of the partners keeps the dayjob and the other one ventures out in business.source article:https://hbr.org/2017/10/if-you-cant-find-a-spouse-who-supports-your-career-stay-single

Nikki Lauda "I have no friends to protect myself" because everybody wants something from me. He is a very peculiar character for sure. Today we are living in a very streamlined world where everything is easy and Nikki doesn't want to follow the stream. In business, if everybody goes 1 direction Nikki goes the other direction.

There are people who resent certain tv shows but cannot stop watching them. This insanity if you know you are wasting your time STOP DOING IT. Graham went through a phase in his life where he did not own a TV. source article:https://www.theringer.com/tv/2017/10/20/16506586/tv-shows-waste-time

Mike Tyson was a high spender and clearly had no understanding of money. He grew up poor and therefore he said he didn't understand money. Obviously this came crashing down and he went bankrupt. He clearly did not have the right people around him to manage this part of his life.

Feed from your audience, your customers, your clients they can help you refine and improve your business by listening to them. Also they can stimulate you to keep doing what you are doing. Mick Jagger reminds us that for sure Luck is a factor. According to Graham luck comes to you if you try enough. Being prepared for luck to strike is important.

We use an article that discusses how long $1.000.000 will last you in various states in the USA. if you really run the number like Graham (former financial advisor) it will scare you how much money you need to safe to retire the way you want.source article:https://www.marketwatch.com/story/heres-where-city-slickers-can-squeeze-the-most-out-of-1-million-in-retirement-2020-03-04Retirement calculatorhttps://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementIncomeCalc.jsf

We playing a clip from Cynthia Wihardja a good friend of Erik talking about having your phone present all the time. Is leaving social media hurting our business. Also Tony Robbins tells us: "We are drowning in information and starving for wisdom"

We listen to some lessons of Mark Zuckerberg in clips where he speaks about his vision on how you can start something new.The idea is more important than the ability to get started. Don't be too much in your head but do stuff. "It's is really good to be idealistic but be prepared to be misunderstood."We also discuss that it is important that you surround yourself with good people or people of action. Feeling good is really depending on the people you surround yourself with. Find people that do what you want to do, for them what you want is normal or baseline.Be carfull where, with whom and on what you spend your time. It is the only non renewable resource there is.

The instagram age: people are taking fake pictures on grounded private jets in Rusia.We discuss the role of social media, why it exists but also how it interrupts and not serve our life. There is a role for social media in business for sure. The balance between sending and consuming. Erik says you should not create 2 versions of yourself.source articlehttps://www.businessinsider.com.au/moscow-company-sells-instagram-photoshoots-on-grounded-private-jets-2017-10

Eminem about working about learning the dictionary to become great at this craft. , stacking his AMO for his raps. He is one of the rappers with the largest vocabulary. Working your craft if you want to achieve something in life is really important.source article:https://www.billboard.com/articles/columns/the-juice/6642050/eminem-largest-vocabulary-music-industry

We are discussing some of the things you can do to build your wealth and how we look at them:1. Invest at least 10% of what you make in yourself2. Invest at least 80% of your off time learning3. Don't work for money work to learnand some moreThe one thing you got to do to build wealth according to Erik & Graham is: Create the mindset to create wealth and passive income.

Donald Trump talks about his father being happy working hard. Donald Trump inherited a lot of his wealth from his father. We are discussing the fact that it doesn't matter who you are property can work for anyone, once you equip yourself with the right systems and people.First episode with intro music hope you like it

We discuss an article in business insider speaking about a dutch man who sold everything and started hunting bitcoin. Graham is discussing how bitcoin is really a gamble at the time of recording bitcoin was at $4000 how much higher it has gone …. Hindsight is 20-20 in this case. Proves Graham point that you cannot rely on investing in these kind of vehicles alone.follow the family here: https://www.instagram.com/thebitcoinfamilyyoutube: https://www.youtube.com/thebitcoinfamilysource article:https://www.businessinsider.com/man-in-the-netherlands-sold-everything-for-bitcoin-2017-10

You are freaked out about your past, worried of the future but the now doesn't exist. About how living and enjoying the now is important in all aspects of life. How we are all losing the skill of being present in work and personal life.

Elon Musk is an industry icon and in this podcast we listen to some of his lessons. Erik and Graham discuss why there is a good time for working hard even if you are building a Lazy Money Machine. The difference is Graham and Erik CHOOSE to work not because they HAVE TO work.

Erik found an early interview with Steve Jobs where he says the followg: People that make things happen are the thinker and doer combined in one person. Graham and Erik discuss the combination of thinking and doing. Having the idea doesn't matter, doing the execution matters according to Graham. Graham told the story on how he learned how to buy a house at auction just by going there. The power of execution.

We discuss what makes us happy. How what we think makes us happy when we are younger is very different from when we are older. Do more things that make you happy and that affects the people around you. Erik discusses how he schedules the things that makes him happy.

Graham discusses the book the 100-year life by Lynda Gratton & Andrew Scott. Living and working in the age of longevity People are getting older and older and your children are gonna hit 100 years of age. 50% of our children are going to live well into their 100's and this is going to have huge consequences for WHEN you can retire. If following the current system people will have to work beyond their 80's to have enough money to retire.source: http://www.100yearlife.com/

There is a thin line between success and failure. Just going out and chase a business idea based on gut feel is not enough to be a successful entrepreneur. Branson can do this because he has a huge network that he can rely on.In the end what you say no to is more important than what you say yes to.Asking people for help is a huge skill to have if you are in business and anybody can do that. Also changing the perspective when you ask for money to invest in your projects whether it is from a bank or private investors serves THEM as much as it serves YOU.

Boris Becker has sold his Wimbledon tropies to pay of 54 million of debt caused by several failed business ventures. Erik and Graham discuss why this is happening and how you can avoid it.source: https://www.thesun.co.uk/sport/6506209/boris-becker-auctioning-tennis-trophies-debt/

If you are comfortable you are not pushing yourself enough. Jamie Oliver talks about his screw-ups and how failures are humbling for him.Graham and Erik discuss the importance of failing and Jamie's approach to use 10% of his budget to fail. Erik failed a lot after his first business succeeded wildly and he sees is as failing forward after a big success, it is just part of the statistics.In the end what you say no to is more important than what you say yes to.