Mark Podolsky AKA The Land Geek - Issue #318

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The Land Geek Weekly Digest

April 9 · Issue #318 · View online

A weekly newsletter to help you become a better land investor so you can create passive income without renters, rehabs renovations or rodents. Learn more at www.thelandgeek.com/training


We are going to a new newsletter format T-L-G. Thoughts. Land. Gratitude.
email me your opinions about the change at [email protected]
Thanks for your time and attention and feedback to help me improve!

T- Thoughts
“Maintain a margin of safety—even when it’s going well.
Rich people go bankrupt chasing even more wealth.
Fit people get injured chasing personal records.
Productive people become ineffective taking on too many projects.
Don’t let your ambition ruin your position.” James Clear
I was thinking about this quote over the weekend and how grateful I am that after 21 years of land investing I’ve kept up with the latest tools, developed my own tools and continued to avoid the shiny object syndrome of other passive income strategies.
I remember in 2006 my best friend in Phoenix was working with a land developer. It was his favorite job of all time. He was intellectually challenged and was learning new things each day about land development, construction costs, management, raising money, etc.
We were having coffee one day and I asked Mike what his bosses goals were for the year. He said he owned over $100MM worth of land in an affluent area of Mesa and wanted to build his net worth to over a billion dollars by developing the land building a mixed use center.
I then asked him how difficult it would be to just sell the land to a more experienced developer and take on a smaller project since they didn’t have any deep development experience. He said it would take about 30 days as the market was red hot and he could probably sell it for $130MM and just manage his newly found fortune, but then he might be out of this great job.
Well, in 2008 the market turned and his development went under. Mike lost his job and his boss went from over a $100MM net worth to zero having to declare bankruptcy.
I often think about this story whenever I get excited about a new venture. Do I have any advantage? What is the worst case scenario? Is the juice worth the squeeze?
I think being “ambitiously lazy” has a huge benefit. It allows me to be crystal clear on how much is enough and what I really need to fund my goal of total time and money freedom putting aside ego.
While you’re working your own land investing business keep in mind how lucky you are to have a huge built in margin of safety on these deal. How once you get your passive income to exceed your fixed expenses you can begin living life on your own terms. Don’t worry about the people with bigger homes, cars or lifestyle. Focus on YOUR goals and what makes you ultimately happy in life.
Blind ambition can literally lead to ruin. Healthy ambition can literally lead to total freedom! Just be aware and keep yours in check.
If you have thoughts or more insights you’d like to share with me don’t be shy! Email me at [email protected]
L- Land
This Week on The Art of Passive Income...
On this week’s episode of The Art of Passive Income, Mark and Scott welcome, the President and Founder of the Human Communications Institute, a leader in the personal and professional development industry, Michael Bernoff to the show.
Episode Notes
Michael Bernoff is the President and Founder of the Human Communications Institute, a leader in the personal and professional development industry. He works with individuals, groups, and corporate executives who yearn to renovate their corporate culture to keep up to date with ever-changing marketplace best practices. With an undying passion for his work and devotion to positively affecting the world by empowering each individual he comes in contact with, he has cemented himself as one of the best transformational speakers, mentors, and business persons in modern-day history.
Michael’s background is in sales, corporate recruiting, and sales training. However, like most of us, he realized that he was not living his passion and wanted to make a change while time and health were on his side. During his self-discovery journey, Michael studied the habits of highly successful leaders worldwide and modeled the habits that align with his life goals. He focused on their philosophies, strategies, and techniques that have consistently produced rapid and lasting change. The combination of these disciplines and his strategies resulted in the creation of his programs, HIT (Human Interactive Technology), which have aided both him and his clients to vanquish limiting beliefs to achieve a fulfilling life. He believes that there is no real obstacle to personal and professional development but ones’ internal communication. As such, he lives by the mantra, “Everyone loves breaking the rules once in a while, but the hardest rules to break are the ones we put on ourselves.”
With all the experiences he has gathered over the many years of being a transformational speaker and leader in his industry, Michael has written the highly acclaimed book, Average Sucks: Why You Don’t Get What You Want (And What to Do About It) and plans to keep on sharing his wisdom in more books as time goes on.
Listen in as they discuss:
  • How Michael transformed his life from average to extraordinary, superhuman status by reconditioning his thinking.
  • Understanding how the internal monologue we conduct can make or break our lives.
  • Examining and restructuring the rules we set for our personal and professional lives.
  • The best ways to emulate the habits of successful people without stunting your growth with negative comparisons.
  • Focusing on how to become a better version of yourself; and not a carbon copy of people’s expectations for your life.
  • Discovering when to give up on a goal to find the more fulfilling one.
  • Reevaluating the meaning of true success and how it fits with your life goal.
  • Scheduling time to reflect and change the narrative you have of who you are.
  • Learning what it means to live a life without limits.
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In This Week's Round Table...
On this week’s round table episode, the Land Geeks share their views on a question that was asked at the last Bootcamp held in January.
Episode Notes
Joining Mark this week are:
  • Mike Zaino
  • Erik Peterson
  • Scott Bossman
  • Teria Harris
  • Scott Todd
At the Boot Camp held in January, the question “Are You Doing Your Own Ad Copies or Outsourcing Them?” was asked by approximately eight people. Listen in as the Land Geeks go around the table to share their views on this topic while answering the question that was asked.
TIP OF THE WEEK
Teria: I found an app called Happy Things, and this app will give you things to think about that makes you happy. One of the things is “raise your head and look for one thing that makes you smile”. You’ll get a reminder, if you want you can set up a reminder, you can even skip some of them. It just helps you kind of wake up, think about something: gratitude, be happy, and then it improves my day.
Are you ready to learn more about land investing? Just click HERE to schedule a call.
G -Gratitude
Thanks for sharing your success John Olbeter ( one of our current coaching clients…)
Geeky Links!
Five Lessons I Learned About Scaling a Business With Reid Hoffman
Why you should be the face of your brand | Zapier
This Is the Secret to Business and Artistic Success - RyanHoliday.net
Get Ready To Take Flight in April... Click below.
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