In this episode of The Passive Income Attorney Podcast, Seth discusses with “The Cashflow Ninja,” M.C. Laubscher, about multiplying your cash flow by making it work for you in multiple places at once, as well as the dynamics of infinite banking. In this episode, you’ll discover what you can do to prepare for the greatest wealth transfer in human history. M.C. breaks down the four pillars of the “Business of Multiplying Capital” framework. For him, the end goal is to achieve freedom to do what you want, when you want, with the ones you love. Enjoy!
“The big thing is, in the end, you want freedom, and you want to be able to do what you want with who you want.”
HIGHLIGHTS
2:29 – MC talks about his background.7:55 – MC talks about The Cashflow Ninja” Podcast and Producers Wealth.
9:57 – Seth asks about infinite banking.
10:10 – MC discusses creating clarity of strategy, protecting your money and generating cash flow.
19:35 – Seth talks about the “double dip” of making your money work for you.
19:51 – MC shares success stories of clients generating passive income by making money work for them.
21:08 – Seth discusses with MC how to take advantage of a crisis to multiply your money.
24:34 – Seth asks about the business of multiplying capital.
25:04 – MC explains the difference between making money and multiplying money, and how to leverage a high-income skillset to multiply money.
29:59 – MC talks about partnering with people outside of your niche who are masters of their niche to diversify into different assets.31:13 – MC talks about freedom as a life changer and the ability to take care of himself and his loved ones. 34:10 – Seth talks about how getting away from your 9-5 allows you to become the person you are meant to be.
37:01 – MC talks about getting the right mindset for the greatest wealth transfer in human history.
39:07 – It’s time for the Freedom 4 – In an alternative universe where you weren’t involved in your current business, what would you be doing?
39:16 – What’s the best thing you do to keep your mind and body healthy?
39:59 – In an alternative universe where you weren’t involved in your current businesses, what would you be doing?
40:54 – Where were you at five years ago and where do you see yourself five years from now?
42:35 – How is passive income made your life better?
FIND | MC LAUBSCHER:
Website: http://www.cashflowninja.com/
FULL TRANSCRIPTION:
Seth:
Hey, what’s up law nation welcome to the latest episode of “The Passive Income Attorney Podcast”. I hope that each and every one of you is having a fantastic day. Before we jump into the show, you’ve got to check out escapethebillable.com and snag our free passive investing guide. Again, it is completely free and has all the goods. Our show today is simply awesome. We’ve got “The Cash Flow Ninja” in the house and he’s ready to rock and roll. If you haven’t heard of MC Laubscher, otherwise known as “The Cash Flow Ninja”, you’ve been building too many hours. This guy is entertaining, engaging, and most importantly, he’s one of the four most experts on producing passive cash flow. If you’re trying to figure out how to effectively build cash flow with a well designed, proven system, you’ll discover in this episode exactly how to do it. MC Laubscher is a cash flow investor and serial entrepreneur. He’s the creator and host of the top rated business and investing podcast “Cash Flow Ninja”, which has been downloaded over 3 million times in over 180 countries. MC is also the president and CEO of Producer’s Wealth. It’s a virtual wealth creation firm that assists investors and business owners to set up and implement infinite banking. Okay, here we go.
Seth:
MC Laubscher in the house man and Cashflow Ninja what’s going on man?
MC:
Great to be here said thank you so much for having me on excited about this.
Seth:
Oh, yeah, for sure. Me too, man. Let’s just dive right in. So you’ve been on so many shows. And you host a very successful one yourself. And you’ve had the opportunity to speak about a lot of subjects time and time again. But I’d like to just ask, you know, who is the real MC Laubscher? Tell me that.
MC:
Very, I would just say no, just someone that the, if you want to break it down to someone that, you know, loves learning, loves, loves interesting things and interesting people. And I’ve always been sort of curious. Yeah. You know, I grew up in South Africa, which and during a very interesting time in that country’s history. And, you know, one of the big takeaways from that, for me, obviously, I grew up during, you know, an apartheid regime that then went over then you get there, like the release of Nelson Mandela, you know, then eventually the first democratic presidential election to Nelson Mandela being sworn in as president, like a big so there was a lot of things happening. So people say, well, what were some of the things that you take away from that? I became a, you know, someone that question everything that researched everything myself that just didn’t take everything on face value. Critically looked at everything, because as you can imagine, you know, a lot of things were told before that wasn’t true. And you figured out it wasn’t true afterwards. Right. And, you know, played sports, that that was my primary focus in life was at that stage and athlete and growing up and was fortunate enough to, to pay my way through college with athletic scholarships, ended up in the United States, the same way pursuing a career in athletics. And while I was doing that, of course, you know, what else are you gonna do? Are you just gonna, you know, like, most fun guys, you either just gonna play video games or, you know, cards, like guys that used to play on trips, or you get to pick up a book and, and start reading. So I was very curious about, you know, history, economics. And then I found obviously, Rich Dad, Poor Dad from Robert Kiyosaki. And then I wanted to learn how money worked. And that opened my eyes and I went down the rabbit hole there and realized that my investing, it’s not much different from everything else, where we weren’t tell the full story, right? how it actually works. We’re not taught in schools or universities or anything of that kind of stuff. So I would say like, you know, if you want to break it down, I think on someone that questions, a lot of things, I critically analyze a lot of a lot of stuff and I always don’t accept everything on face value and have a thirst for knowledge and love learning. I love learning and reading and, you know, in meeting interesting people and learning from other interesting people such as yourself.
Seth:
yeah, that’s awesome, man. I mean, being here curious, I think is key in life in general, if you’re if you’re genuinely curious about things and people, you’re gonna keep learning, you’re gonna keep advancing and becoming a better person, your best self.
MC:
Yeah. And it’s all it’s almost like, you know, when somebody says, I always look at something and I go, why are we doing this? Like, how did that happen? Wait a second, like just, you call a timeout. And then you’re like, well, and history, this and this, and this happened. And then that happened. And that’s why things are the way that they are today. And because I look at it, I go, surely there’s got to be a better way that we could be doing things, why are we doing things this way? So it’s a but it leads you to, to always second guess not second guess yourself, but challenge your own assumptions, which I think is very powerful when it comes to investing, when it comes to making big strategic decisions. Because we all unfortunately, the way that the world operates today and with social media, which is very powerful, but we’ll find ourselves in echo chambers, you know, listening to just one thing and believing everything. And obviously just listening to the people that confirms your bias, right? So I always try and figure out Hey, what am I missing here? What is the other argument of this? And then, you know, kind of look at the different angles of everything?
Seth:
Yeah, it’s always good to question that, because you do kind of just accept things as they are, you can kind of get caught up in that whirlwind. And then you’re like, wait a minute, let me let me let me think about this. And the other side, what what did they think it for them? You know, the other side of the outside?
MC:
Yep. Absolutely. And, you know, and then, of course, I love I love passive income and real estate. And that’s, that’s, you know, and obviously, some of the things that I’m involved with, to still love real estate, different niches, obviously, I’m a company that’s in the insurance space with a lot of opportunity and a lot of things that we do there with business owners and investors. And then, you know, I also funnily, funny enough, in the in the community that I was in with Austrian economics and studying economics and being part of the foundation for Economic Education fee. I found crypto currencies and Bitcoin, around 2015 and 16, and started putting out content about that, because it was essentially the same site, the concept of, of self-reliance of empowering yourself. And you could utilize the same that those vehicles and technologies that I was seeing the same way, sort of that you could leverage and utilize real estate and life insurance, which is very, very interesting. But that’s kind of how I got into that. So a lot of folks have maybe seen me either speak about real estate, talk a lot about infinite banking, and then you’re, you’re in there about block chain and crypto chip technologies.
Seth:
Yeah, for sure. So tell us a little bit about your companies. And you know what you guys do a little bit more.
MC:
Yeah, so I’m, obviously cashflow ninja started out as a podcast, that’s my major brand that a lot of folks will know, and maybe have heard of, in our investment space, or in the real estate space. And I started that podcast five years ago, almost 16, almost six years going, on six, it’s crazy. But we started that and it was a podcast that turned into now a full on education company, and we’re working on a lot of digital and information, things that we can that will eventually release to be able to help folks in different niches starting businesses, managing money and their wealth, crypto currencies and block chain and then also investing in real estate and so forth. The cash flow Ninja, it was kind of crazy, we started like just another little show where over 180 countries, millions of downloads, I think 3.5 at this stage 3.6. But it was, it’s just been incredible to see to see that company take off. The other company that I also have is Gold Producers Wealth and Produces Wealth is a virtual wealth strategy firm that services clients, which are predominantly business owners and investors in all 50 states virtually. And we did that. And we launched that one in 2015. And we conducted all of our meetings by zoom in on Skype. And it was it was tough back then. But now of course, I mean, it’s the new way that we operate a new business. So we’ve been able to help clients in all 50 states and our primary focus there, especially as part of the strategy is infinite banking and setting up infinite banking policies and then also helping folks use those policies for real estate investing and for their businesses, and so forth. So and then, of course, I’ve got an another company Producers Capital Partners, which we also do a lot of real estate syndications and other syndications.
Seth:
Gotcha. Awesome, man. Awesome. Let’s go ahead save this for later. But let’s just go into infinite banking. I mean, what is that a lot of people aren’t familiar with that concept, maybe just start from the very most elementary level and tell us what tell us about that.
MC:
Yeah. So, you know, when you when you look at a strategy, an overall big picture of a while strategy, and that’s all we talk a lot about, because, you know, I think that sometimes, and this is just how we’re sold to, right, we’re sold to buy media, and buy even like big tech, by pushing product, right? So a lot of things are like, Hey, is this better than this one, this one, you should be buying this one, instead of that one, where we take a step back, and we say, look, you know, product is one thing vehicles, as we call them is one thing. But what actually will make you successful is an overall strategy. With a couple of different vehicles, we see it now, you know, just out in the media, you know, people arguing between Bitcoin, gold, and cash and all that kind of stuff. And it’s like, if you had a strategy, you could probably find a place for each one of those, and position and accordingly to do many different things for you simultaneously. So from a strategy, the big thing is, you want clarity, so you want to know, if you’re starting out where I am, where do I need to go, right, so because you’re gonna need different things for different things that you want to do. And we’re all different, right? So someone might be, you know, their goal might be to grow their business and get it to a certain revenue, another person might want to grow and scale a real estate portfolio, single family, multifamily different things. So there’s different things that folks want to do. So it’s very, very important that you need to have clarity, you also want control, you need definitely need to have control in a strategy meaning control over yourself, control over your clarity, which is the first bar, but also controlling assets and controlling capital cash flows, as we talked about. So for example, if you’re a real estate investor, you don’t want to be begging your 401k administrator to get your money to fund a deal, you want to be able to access it very quickly, you know, within 48 to 72 hours, and you utilize that capital to fund that deal. Because sometimes opportunities, you have a window, right. And then of course, I mean, you want, you want to be able to leverage many different resources. And then you also want to be able to collateralize assets, which is essentially what infinite banking is, which we’ll get into. So that’s like from a big framework, those are like the core principles. And then we talk about different things that people do. And essentially, after interviewing, you know, 600, cash flow ninjas, everybody makes their money somehow, then they positions their capital somewhere, you got to put it somewhere, whether it’s in a shoe box, you know, 10 can, under a mattress in a bank, an insurance company, and Bitcoin gold, you got to put your money somewhere. And then you have to leverage that to go and generate more income, multiply, generate cash flows, passive income, leveraged income, and then you have to do to control all of this meaning, you have to protect all this build a wall around what you’ve done, to protect, you know, from all of the predators and creditors and all the undesirable characters that want to then want to come off to your money such as, you know, governments, you know, folks that are just trying to sue you, and, and so forth. So that’s like, the big picture is like make, make your money, positioning your capital, multiplying it, and then protecting everything. Everything that you have, so we’re infinite banking fits in, is positioning capital, so people make their money. But a business owner and a real estate investor, where’s the best place to put your money, you know, to be able to grow your business and scale your real estate portfolio. So people would say, Well, you could put it in self directed IRAs, you could put it in cash, you could put it in there’s different vehicles, what I found and one of the greatest places to put it and I’ve done this strategy for over a decade myself, is positioning it in life insurance contracts, designed very specifically like they are done in family offices for structure for maximum cash value, and positioning in there and the reason that you want to do it, it’s a dividend paying whole life insurance policy with a Mutual Insurance Company, structured for maximum cash. And the reason why you want to do it, is because the money is guaranteed there’s guaranteed growth on it usually four to 5%. Tax-free on it, the growth on it is tax-free. You can access the money tax-free, these Mutual Insurance companies, buy dividends, which is also tax-free. There’s a death benefit that if anything should happen to you, that would be paid out tax free to your beneficiaries, which is huge for real estate investors and business owners. Because most of the time and I say most of the time because there’s outliers, but most of the time the spouses of entrepreneurs and business owners and investors, they don’t have the same skill set, right. So and I’ve seen this firsthand, we’re real estate investors, let’s just say somebody passes away. Now the surviving spouse and family has to sell off assets at a fire sale, because they didn’t have, for example, at a death benefit to bring in liquidity and buy it state taxes and, you know, provide for the family and so forth. So that’s a huge part of it, but not the primary part. And then of course, you can leverage it. So what I mean by leverage is, when you find the insurance policy, you can borrow against the cash value and get a policy loan the same way that you would borrow against the equity of a house and get a HELOC. You know, you could do it the same way with, you could actually do it with gold and silver, I’ve done that that’s pretty cool, where you have gold and silver and account, and you can access up to 50% of your golden silver. And they give you a loan secured by that certain the custodian gives you a loan secured by that, they give you up to 50%, you can do the same thing with crypto, there’s actually custodians, which will hold your coins, so buyer beware and do your research. But then they’ll lend you they’ll lend you up to 50% of the value of the collateral that you have, and then you can go out invest. The reason why I really like the life insurance part of it is they give you up to 90% of your cash value, which is pretty nice. So anyway, so then you can take that money and invest at a higher rate, let’s just say the policy loans at 5%, which is approximately is you take that invest at a higher rate in a real estate deal, or back in your business, where business owners do really well to generate a bigger return and then you know, put the money back. So it’s a pretty powerful strategy, I found that that’s one of the great greatest places to keep capital, because it does all these many things for you. And it’s kind of foundational for a business owner and an investor. So it’s that sort of infinite banking in a nutshell is you actually become your own banker in the sense that you’re doing the same thing a bank does, making deposits, just like somebody would make into a bank, building up reserves, and then eventually leveraging like banks to on the back end, the money that’s in there through a loan this time only to yourself, because you’re your own banker, to then utilize it and go and invest in other assets that generate more income. Also, one of my one quick other point about infinite banking, you know, and I, I’m a believer in in a, in a stable of horses, you know, not, you don’t, you don’t want just one horse or a one trick pony, you want a stable of horses. So you want to have some obviously exposure to in the crypto space, you want to have exposure to gold and silver, you want to have in cash, you know, I’ve just found like my cash, this is a great place to put it. And then you know, you obviously of the other pieces to that, and during, you know, 2020 I have to say money that was in these insurance policies were great, because when the whole world was panicking, the stock market was coming down. You know, people didn’t know what was going on, we had a, we had an event hit, you know, the world. And that’s, that’s people with scarring. You know, I picked up, my mom didn’t pick up my phone, but picked up my laptop and applied for a policy loan, I got the money wired into my account two days later, during all of this chaos. So it was pretty cool to see how different assets react and how different companies react. But it gave me a lot of confidence to for having done this, you know, like I said over a decade, and even during something that hasn’t happened before, for a very long time, we were able to still utilize it and as part of all of it, but that’s, that’s infinite banking in a nutshell. And you could do it with different assets. And if you’re a real estate investor, if you are a person looking to grow your real estate investment, it’s a great conversation to have with people because most people sometimes get handed insurance policies from like grandparents, and, you know, and so forth. And they, they don’t even know it, and they have money in there that they could use for real estate and for their investments. And the same thing with gold and silver and crypto. They might have people in their network that don’t even know that they have act they could use actually their golden silver or their crypto to actually invest in real estate.
Seth:
Yeah, that’s so interesting. So you’re really able to double dip, right? You’re getting all the benefits of the insurance policy, then you can also get a loan against that and use that to invest in something else. And that delta is you know, that’s the double dip piece.
MC:
It’s unbelievable. If you look at the numbers, I mean, we have a we have a client that was putting a significant amount of money. Still inclined to have puts a significant amount of money into these policies. And then he borrows against it to, to invest in the specific mobile home parks indication, which is paying him a nice return. I mean, we ran the numbers for him, if he would do it without it or with it, and you know, you’re going to, he’s going to get to his goal, his passive income goal, let’s just say, approximately around about the same time doing both right, it doesn’t like cut the timeframe. But what it did for him was, he got to his past is going to get to his passive income goal at about around about the same time. And he’s gonna have an in addition to his passive income goal, he’s gonna, you know, with the numbers that he was having over seven figures, a high seven figure number tax free, in addition to that with a death benefit. So to your point, it you just doubled dip it just, you know, you hear a lot of investors say, Oh, you gonna have your money work for you? Like, the Rich Dad, Poor Dad, which is great. But how about having your money doing multiple jobs simultaneously, same time work as hard as possible for you at the same time? Yep.
Seth:
Yeah, yeah, that’s awesome. And I also love the point that you were able to get that loan when the world was falling apart, whereas most banks at that point in time are just gonna be like, No, we don’t know what’s going on, we’re not going to give you any money. And you were able to do that and use leverage those funds to be able to take advantage of, you know, a crisis, which is when people make tons of money.
MC:
Absolutely, um, that’s the big thing. You know, when there’s a crisis, you actually need access to capital to capitalize on the crisis, right? And so it’s a it was great to just experience it firsthand, because we eat our own cooking without throwing up and do everything ourselves. We talk about right. And it was great to see that because like you said, in times of crisis, the banks might hold back. I mean, we’ve even seen like some banks discontinued products, right? So he locked products. And once you once you understand the things that you can do, because it’s labeled life insurance folks have a bad connotation. And I say, hey, it’s life insurance, it’s not death insurance. So you could actually use it while you’re alive. And it has many Similarities to real estate for folks that are hearing about this the first time. I mean, with real estate, you have a mortgage, let’s just say for a specific period of time that you pay with life insurance, whether it’s five years, 10 years, 15, 20, 30 years, there’s a specific time period, and schedule of payments. When you pay your principal and interest on a mortgage, you build equity. Same thing with a life insurance contract. When you when you want access to that equity, you could get a HELOC. With real estate, you could get a policy loan with life insurance. You could get appreciation in real estate, if you do it properly, right you do the same thing with life insurance, your death benefit continues to go up the way that we structure it. Another thing that I would share is cash flows. Why we love real estate? Well as a policyholder of a Mutual Insurance Company. One that one, once the company pays all of the related expenses, they pay you a dividend, which is your cash flow. You know, so tax advantages and real estates great tax advantages with the life insurance support, the money grows tax free, you can access it tax free, the dividends are tax free, the death benefit is distributed tax-free. That’s why they love it and family offices as board of elastic planning. And of course, you can leverage both of these, you know, there’s inflation hedges, and both of those. One of the favorite, my favorite things that I talked about is you can actually sell a mortgage note; you can sell a life insurance contract. Banks love to lend on real estate banks, banks love to lend and financial institutions love to lend and on life insurance policies. It’s called premium financing. And this is what they do a lot of in, in family offices. So there’s a lot of similarities, you know, 10 1031 exchange in real estate 1035 exchange in insurance. It’s very, you know, it’s very, very similar how these two asset clauses are structured different. The one is just the building. And another one is the acid is the human.
Seth:
Gotcha. Yeah, it’s a super interesting strategy. A lot of people don’t know about it, man. And you’re, you’re the guy, you’re the guy who’s the expert on this man, I that’s where I first heard about it, or I started reading about it, and I got really interested in and I need to take advantage of that myself.
MC:
Absolutely.
Seth:
Yeah. Well, let’s, let’s back up to you know, your, I think you call it the business of multiplying capital. You went through those four pillars. Could you quickly go through those four again, just to just as a summary, and then yeah, absolutely. Then I’d like you to maybe put yourself in the shoes of one of our typical listeners, which is probably, you know, a big law firm attorney, that you know, obviously they it’s a high paying job, but they don’t have any time. They have a lot of bills. You know, let’s maybe walk through that framework and what that might look like for them.
MC:
Absolutely. So with a lot of high-income professionals, it’s very important. I mean, and they have a high-income skill set, right. So they know how to make money, they’re very good at making money is a different skill and multiplying money and making money, I think. And there’s a lot of folks that we’ve spoken to through the years, they heard me say this, and they said, you couldn’t be more, right, because I was taught to be a surgeon, or a lawyer, and so forth. And I was making really good money, but it was just going one way and there was, you know, that it’s a different skill set of multiplying that so they know how to make money, then you gotta have to position capital. So be very specific where you do it. And like I said, you know, I don’t believe in a one trick pony, or just one horse and bidding on one horse, you need a good stable, and you need to have different things doing different things for you. So I always say there’s three questions, you have to ask, What is it? What does it do? And what is it going to do for me? So I’ll give an example. You know, we talked about the life insurance, infinite banking is a place to position capital, a Roth IRA might be a nice place to position capital to, you know, because it’s tax free money later, you know, you don’t want to defer taxes at all, especially what’s going on right now, you do not want to defer taxes right now. So you want to buy taxes on the seed, not the harvest. So get a Roth would be a good place to also add, then I also mentioned, you know, gold and silver, what is it do? Well, it’s been money for centuries, actually real money, sound money, and it protects wealth, it’s not the fastest horse in the stable, right? So it’s just going to be there. It’s maintaining its value. So it’s good to have some exposure to that the fastest horse is probably going to be the untrained horse, which is more digital currencies and block chain technologies. That’s also something that you need to really learn and understand what it is. So anyway, those are your options, but making your money protecting your money, putting it somewhere, and then if you’re a high income earner, and you don’t want to create a second job for yourself, what you do, instead of being a weekend warrior, and looking at places, what you do is you do research on the weekend, and try to find great operators in different niches that you believed that will do well, for example, you know, we’ve talked about multifamily real estate, there’s mobile home park niches, their cell store, there’s different niches. So try to find great operators and great syndicators, that partner with great operators in those spaces. And there’s a ton of different questions that you can ask them and notes that you can do. Because essentially, you don’t want to create a second job for yourself, what you should be focusing on is making as much money as you can, positioning that capital properly. And then partnering with folks after doing a significant amount of research, and do your diligence and then investing in assets that produce cash flow. So that way, you can leverage that talents, ability, knowledge, and resources and network of other people, which that’s a multiplier, huge multiply, you want to talk about multiplying capital, you know, the Do It Yourself stuff, it doesn’t get you anywhere, you know, if you’re a great lawyer, make more money, being a great lawyer and produce more income. And then how you multiply it is through the skill sets, abilities, knowledge, and networks and resources of other people, and then making sure that you protect and being set up properly, I think it’s very, very important. Lawyers will know that you need to be very, very well set up right now. Because the world is going to change drastically and there’s going to be a money shortage because everybody’s in debt. And the only thing that they can do is print more money and raise taxes. And they’re going to come for folks with resources. So you want to make sure that you protect what you’re building up. So that you don’t end up giving a lot of that away, because you didn’t think ahead through proper planning. So that’s what I would say, for a game plan. You know, if you have to work out a strategy, those are the things that I would do, especially if I’m a high income earner, working lots of hours making great money, I will try and increase that and then partner with other folks in different niches, to leverage them to be able to multiply their capital.
Seth:
Yeah, I love that man. And I preached that as well. It’s like, you know, invest maybe passively or something and really kind of leverage other people’s expertise at first and then if maybe that’s something you want to get into a little bit later on. The more active side is going to take more of your time and effort, then you can do that after you’ve kind of seen the people that know what they’re doing do it first so you don’t make those huge mistakes that are gonna set you off your path.
MC:
Yeah, Absolutely, absolutely. And the whole thing is, you’re never going to be able to know everything that there is to know about a certain asset, especially if you’re doing something else, right? So and I speak for myself, again, I eat my own cooking without throwing up, right. So I’m never going to know what there is to know in some of the niche, all the niches that I’m involved in, like master, completely, but I’ve partnered with folks that they live and breathe, that they know everything that there is to know. And those folks that I partnered with, there with, that’s all I can leverage and scale, that niche that I’m in is through, leveraging them and their ability and their knowledge and their network.
Seth:
Yep, for sure. Let’s switch gears a little bit. I mean, I I’ll bet you just have some awesome perspective on living life to the fullest and just creating kind of time freedom for yourself and for your clients, which that’s what this is all about, right? It’s all about, you know, all these wealth creation strategies, and infinite banking and all this stuff. That’s what it’s about is just kind of creating a more fulfilled life for yourself and your clients. I mean, so, you know, just tell us, you know, what’s your perspective? And what does cash flow really mean to you? How’s it changed your life? And have you seen it change your client’s lives?
MC:
Yeah, I think that’s the central core of everything that we try to do right? is freedom. Yeah, because if you break it down in the end, you know, there’s many different ways of how to make money, there’s many different ways to grow and scale money, there’s, there’s a lot of different ways to do things. So I think freedom is at the core of that. And then I would also say, like, my approach would be living intentional. And it’s very hard. That’s why so many people fail at it, it’s not easy, but intentionally living a certain way, intentionally looking after your health, your relationships, and then, and obviously, wealth management, which is very hard. That’s why so many people outsource all three of those things really, right? You know, see people arguing about health care, like that’s your own responsibility. Medical care is a different conversation, you should be taking care of yourself with your, mindset, your mind, your body, working out exercising, hydrating sleeping, your proper nutrition, all those things you should be taken care of. And it’s the same thing with relationships, you know, whether you have a spouse or a partner, children, yeah, it’s no one else’s responsibility. And it’s hard work. And it’s the same thing with your money. So I would say like, the big thing is being intentional, and all those different areas and settings, very specific targets. And like I said, it’s very hard. And sometimes, you know, when you’re so focused on one area, another area might might drop off a little bit. But if you’re, if you’re dialed in, and you’ve got goals that you want to sit in all those different areas, you can bring it back up. And it’s and that’s it’s a constant process of monitoring it and getting better at it. But I think the big thing is, in the end, you want freedom, you want to be able to do what you want with who you want. And, you know, do as many of it as possible where you want, right? So there’s a coaching group that I’m part of, they talk about different types of freedom. And time, freedom is the first thing like managing your time properly and very intentionally, because in the end, that’s a, that’s a very, that’s a limited resource, you know, you can have all the money in the world. But if you don’t have time, it gives you a different perspective, the same thing with money, obviously, financial freedom is huge. And then freedom of relationships, which is great. When you have time freedom, and financial freedom, you get to spend time with the people that you want to spend time with, right and do things with people that you want to do things with, not because you have to. And then purpose. So I would say that’s the big thing is, you know, the four freedoms, because freedom is at the core of all of this. And then the way that you can do that and start even if you’re even if you’re building towards it is with through being intentional.
Seth:
Yeah, I love all that man. I mean, it’s amazing kind of when you get away from your W2, if you’re able to escape from that nine to five till you’re 65 type of deal. You start kind of rediscovering yourself and your relationships and what’s important to you. Because sometimes when you’re at the W2, and you’re working tons of hours, you don’t even have time to think about what’s important to you, and what you want to do and what you want to be and where you want to go and all that kind of stuff. So, you know, having a little bit of freedom to start out with it starts kind of getting that getting your mind turning in the right direction.
MC:
Yeah, and I’ve got to say like, I’m a parent too, and very just privileged to spend so much time with my kids and with my wife too, and they’re really young. And my son’s three and a half daughters do and I just, you know, I just think of like how blessed it is to be able to spend that much time with them and, you know, organize my life basically around what if we want to go here or If they you know, going out for a walk with them or play or whatever we want to do, we’re, we’re able to do that. And I always say, and there’s folks in our network too, that are doctors, lawyers, very high powered and hot, very successful professionals. One, when they get to a certain level of financial freedom, the great thing is they still love what they do. But they can do it because they love what they do. And they the hours that they’re working, they can work as many hours as they want to now, not because they have to, that’s a big difference, too. Because you might get to it, you know, and I’ve heard that conversation that, hey, this is my purpose. Like, I’m a surgeon, I love doing this, I get to serve people and help people. And I’m like, that’s it, you know, that’s what life’s all about is, is you using your abilities and your skill set to help other people which like, just say the surgeon does. But now you get to choose how much of that you have to do. Because not because you need to do it. But as you want to do it. And it changes your approach or philosophy or mindset in many, many different ways when you when you finally get to that. And by the way, when you get to that to your abundance in your in your mindset, the things that started happening is quite incredible, because you essentially cut out things that you don’t like to do and don’t want to do. And also get rid of all negative aspects out of your life. And now all of a sudden, you know, the 8020 rule, all of a sudden, that 20% that, that really moved the needle that you love doing and that fuels you and that contributes to everything that you want to do. Now all of a sudden, you’ve you five x that, you know, by getting rid of that, that that 80 so now all of a sudden you’re 100% in it. And ridiculous things started happening in your life when you when you when you’re able to do that.
Seth:
Yeah, yeah. And that’s our tagline, man, you said it a couple of times in different words, practice when you want to, not because you have to.
MC:
That’s it? Absolutely.
Seth:
Well, before we jump into the freedom for what’s one last Golden Nugget for our listeners?
MC:
Yeah, I would say that mindset is going to be key. And I know people have said this a lot, you know, a lot, they say that, but I can’t over stress it. Because you know, things are going to be very challenging, you know, get clarity, first things are going to be very, very challenging, there’s going to be a lot of dangers, for investors, for people that are working. In the next five years, I would say especially, we’re going into very, very, very interesting times. If we look what’s down the pipeline, the other aspect of that, too, is there’s going to be a ton of opportunities. We’re in the midst of the greatest wealth transfer, I believe in human history, with so many opportunities. If you look at all the things coming down the line as up and get clarity and see opportunities in them, you’re going to be on the right side of this. And then obviously, leverage the skills and strengths that you have then to capitalize on that. It’s an exercise that I go through every day where I get clarity, I look at dangers, I look at the opportunities with them. And then I look at my strengths and my skill sets that I have to exercise I learned Strategic Coach and I just then attack it that way. So that’s what that’s what I would leave folks with positivity is not going to get you through it. If you’re sitting on a train track closing your eyes and you’re positive, that’s train still coming over you. You got to get clarity get off that train, track and then capitalize on on opportunities. You know, there’s a, there’s someone that I follow that at a great quote, I was chuckling yesterday, where he kind of sees some of the similar dangers that I’m seeing down the line. And he’s just saying, guys, it’s time to be navy seals, not baby seals, you got to get your mind right. And you got to get clear, you got to see the dangerous for what they are and see the world for what they are, by the way, not what you want them to be. That’s another thing I learned from Great Investors, they invest as the world is not as they want the world to be. And then capitalize on opportunities.
Seth:
I love it man I love it, observe, think and then act. So let’s jump into the freedom for brother.
Seth:
What’s the best thing you do to keep your mind and body healthy?
MC:
I take some thinking time for the mind. So block of time every day. It’s hard. I’ve got a young family. I live intentionally and it’s still it’s still tough but at least a minimum of 30 minutes a day just to think to just sit and think even if you go for a walk by herself and then working out get the body moving. That’s a huge priority for myself this year is to get back. I know when I was in sports I would as a certain level in physical shape and my goal is to get back to that so I’m really cranking that out and hydrating and sleeping properly.
Seth:
Nice in an alternative universe where you weren’t involved in your current businesses, what would you be doing?
MC:
I love. It’s funny that both my parents are teachers in some way. So and my wife was also a teacher in her career before she looked after our kids. And I think that’s like something that I’ve always been very passionate about. And I kind of see myself in a way of this teaching what I’ve learned to throw our show. So I think that might be, yeah, that would be something that I would be very passionate about.
Seth:
Yeah, we share that commonality. My parents were teachers, too. My dad ended up being a coal miner, because they weren’t making any money. So eating coal mines in West Virginia, but they’re both grade school teachers. So where were you at five years ago? And where do you see yourself five years from now?
MC:
Five years, I was launching a lot of new things that I didn’t think, you know, I kind of knew where things were going. Again, I saw basically, you know, what I saw five years ago was that everyone was going to work from home, just because that was the way that the world was going, people were going to consult through technology through Skype and Zoom. So if I needed to build a business, I needed to do it all virtual. So I started building that virtual, while strategy firm producers wealth, and I started then, while launching the podcast, too, so I was doing a lot of new things to position or, you know, business businesses that were established in a different way for the new world that I thought was coming. So that was five years ago, where five years from now, man, it’s going to be interesting. Five years from now, I could see myself doing what I do. But it might be delivered differently. If that makes sense. I still think that technology is going to be huge. I still think we’re going to do this. I think there’s going to be much, much more of online education and so forth. But five years from now I see cash flow ninjas being one of the premier educational brands in the investing space with the courses that we have and empowering a lot of folks, I’ve sort of changed our mission, slightly self reliance through education is kind of at the core of the education company. So we’ll be rolling out a bunch of different stuff to empower and help people as much as we can.
Seth:
Awesome, well, you’re well on your way, brother. So how is passive income made your life better?
MC:
It’s, I mean, it’s a game changer. So it’s leveraging, again, the just the skill sets knowledge and efforts of other folks. So it provides certainty, it provides a platform every year from which you can grow. So, you know, instead of and this is what a mentor told me early on, you know, was MC, you just have to make it a priority to be intentionally buying more time. If you start looking at it that way, right, just buying more time. If you get up, you know, for your audience and listeners, if you get that big bonus check if you get a big rice stock don’t get the big house or the second house and the boat and the cars and those kinds of things right away, I would say just by look at that as an opportunity to purchase your future and future time and future cash flows. And if you start looking at that, in a way in the world in that way, it’s going to be a game changer, but because before you know it, you’re gonna you’re now injecting yourself and playing the game how it’s supposed to play, when it gets really fun, is when you have these cash flows coming in and you’re forced to reinvest those and buy more time to get to play the tax game and the money game properly. So you’re almost forced through the government to keep adding cash flows and keep reinvesting which brings in more cash flows and brings in more tax benefits. So it’s kind of like a snowball so yeah, it’s been a game changer. And that’s going to be the way that you need to do things this whole thing about you know, putting money in a stock that you don’t control or done sit on the board of the company with and hoping it goes up you know, to eventually retire one day right I think that’s a paradigm that’s going to be completely gone pretty soon because I think most folks are starting to realize it right now that it’s it was something that was sold that wasn’t necessarily you know, wasn’t necessarily going to pan out let me just say put it that way.
Seth:
Yeah, I think people you’re right people are learning more and more about it and trying to figure it out and they realize well this is not the right path like I don’t want to waste my life doing this I need to get out I need to live my life. And you just you absolutely crush that question man. That’s awesome. So MC where can our listeners find out more about you?
MC:
Cashflowninja.com where they can follow all of our shows and what we’re up to. And also if they’re interested to learn more about just some of the stuff that we talked about, about being becoming your own banker and how banks work and utilizing insurance and that type of stuff. As part of the overall strategy, there’s a free video series. It’s called yourownbankingsystem.com they could check out a free video series and just for educational stuff, you know, dive into all the different strategies that we share over there.
Seth:
Alright, brother is great having you on the show. Appreciate it.
MC:
Awesome, my friend, thank you so much.
Seth:
Alright, what a great episode. As you could probably tell, I can talk to MC for hours on end about cash flow strategies, escaping the matrix and living free. I can’t wait to have the cash flow ninja on this show again. If you want to talk more about implementing some of the ideas and systems we talked about today, I’d love for you to reach out to me directly. My email is Seth@passiveincomeattorney.com. Email me to get started or go check out all of our free content at passiveincomeattorney.com join the Esquire Investor Club to get started. See you next time folks. Enjoy the journey.
