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E340: Move Past One Source Income - David Vernick

E340: Move Past One Source Income - David Vernick

FromThe Investor Mindset - Name Your Number Show [$]


E340: Move Past One Source Income - David Vernick

FromThe Investor Mindset - Name Your Number Show [$]

ratings:
Length:
35 minutes
Released:
Jan 3, 2023
Format:
Podcast episode

Description

Do you rely on just one source of income to help you live your lifestyle. For most this is not practical in order to live the freedom and lifestyle they want. This was the realization that David Vernich had as he ventured into real estate.   Join Steven and David as they discuss the role he took on when investing, becoming financially independent to allow yourself to not live in a place of fear to do what you want to do, and the different vehicles investors can take to get to the same result. Key TakeawaysA big driver for passive investing is not to have all your money coming from one source.Find people that are knowledgeable, you can trust, build a relationship with and start investing together.Utilize your strengths to mutually benefit.  Do what you are good at and let them do what they are good at.There's a level of self ownership and confidence that comes along with knowing that you can make decisions not from a place of fear, but confidence when this passive income is coming in.Coming to terms with the fact that there is good debt and bad debt will help you alleviate fears of passive investing.Like the stock market, sell properties that have appreciated and deploy that capital into a different market in real estate. Resources MentionedInterested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network.  Learn more at http://www.vonfinch.com/invest.  About our Guest:David Vernich is a commercial lender with more than three decades of experience in the banking industry. In 2007, he partnered with other investors to purchase real estate and began his journey to generate passive income. David now owns more than one hundred homes in Tennessee and is passionate about helping others reap the benefits of passive income in their lives.
Released:
Jan 3, 2023
Format:
Podcast episode

Titles in the series (100)

What does it take to succeed when others fail? We explore the stories on Investing that you don’t often hear: The trials and challenges that lead to success and the Mindset it takes to make it. We’ll learn from some of the best investors and entrepreneurs, learning through fire-walking their experiences so we can each setup up our game and be our best self. We focus 80% on the motivation & mindset that leads to success, and 20% on the investing strategies & tactics that get us there. About The Host: Steven Pesavento Real Estate Investors & Entrepreneur has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He fought against those limiting beliefs, that held him back and jumped in to Real Estate with no experience. By modeling the mindset & actions of leaders he looked up to, his Real Estate investing his business exploded, buying 150 houses in his first two years, over $22 Million in real estate transactions. Personal development for real estate investors. Model the top real estate investors, house flippers, multifamily syndicators, wholesalers and landlords. We invite guests from all industries to share their mindset with our incredible community. Join the insider club at: https://TheInvestorMindset.com IG @Investormindset https://Facebook.com/theinvestormindset