Mark Podolsky AKA The Land Geek - Issue #343

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The Land Geek Weekly Digest

October 1 · Issue #343 · 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
“I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it’s not the answer.” Jim Carrey
How would you feel if you were born in abject poverty, had a volatile alcoholic father and clinically depressed suicidal mother after having a stroke and becoming paralyzed. Then, in a magic shop of all weird places when you were about to become a juvenile delinquent, you were befriended by an older woman that taught you how to accept yourself (for the most part).  
As a result of this chance meeting with such an influential person, you worked your way up to being a respected professor of Neurosurgery at Stanford, neurosurgeon, inventor, entrepreneur, and finally a philanthropist.   
This is the true story of Dr. James Doty. At the height of his entrepreneurship success, he reached the top of what society would deem conventional success. He had a large penthouse in San Francisco, owned Porsche’s and Ferrari’s, flew around in private jets, dated beautiful women, and was the envy of all his friends. Yet, he felt miserable and alone. He was more miserable than at any other time in his entire life at the height of his conventional success.  Then, he made some huge bets in the dot com era and in 6 weeks lost over $80MM! He was bankrupt and over $3MM in debt. As he was selling everything to get out of debt, he realized all his actions were to prove he was worthy to other people, about impressing other people, and not about filling the emptiness he had in himself. He then realizes he made a $30MM donation to charity, but the paperwork wasn’t completed and could take back the $30MM.  
After deep reflection, he honored his commitment and gave the $30MM to charity in the face of bankruptcy.  The moral of the story was he had everything, but ultimately had nothing. And then, when he gave everything away he had nothing, but then had everything…   
By “everything” he got rid of the monkey on his back that kept telling him he wasn’t good enough or smart enough. When he became liberated of these negative thoughts, he became free, and that allowed him to be of service to others and truly happy including what society would deem conventionally successful as well. 
If you’ve read Dirt Rich, I had a similar epiphany in 2010 when I lost every luxury I thought was necessary to live a good life. I now know the truth.  The truth is until you play a different game, a game that is about something larger than you, even having everything won’t be enough.  I often ask myself what would life be like if I could just drop comparisons, striving, and cravings? Would I just be? Am I enough? I’m trying it now because I think, like Dr. James Doty it could lead to not just happiness in every moment, but true freedom.  
Keep working on building your passive income and solving your money and time problems. Just remember, as you climb up that mountain, enjoy the journey and appreciate the fact all the external rewards won’t bring you any lasting happiness or joy. Learn from the mistakes of others (like me and Dr. Doty) so you don’t have to suffer!
“The mind wants to divide and keep us separate. It will teach us to compare ourselves, to differentiate ourselves, to get what’s ours because there is only so much to go around. The heart, however, wants to connect us and wants to share. It wants to show us that there are no differences and that ultimately we are all the same. The heart has an intelligence of its own, and if we learn from it we will know that we keep what we have only by giving it away. If we want to be happy, we make others happy. If we want love, we have to give love. If we want joy, we need to make others joyful. If we want forgiveness, we have to forgive. If we want peace, we have to create it in the world around us.“ Dr. James Doty
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 Attorney and Managing Partner and Co-Founder of Lodmell & Lodmell, Douglass Lodmell to the show.
Episode Notes
Douglass Lodmell is the Managing Partner and Co-Founder of Lodmell & Lodmell, one of the nation’s premier providers of integrated estate planning and net worth protection services. He is recognized for his excellent knowledge and experience in estate planning, strategic asset protection for domestic and international clients, and taxation. Douglass obtained his Juris Doctorate from Cardozo School of Law. In addition to his Juris Doctorate degree, he holds a Bachelor of Science degree in Finance, and an advanced law degree in taxation from NYU School of Law. 
He has authored numerous articles for professional journals and is currently working on a book about the explosion of lawsuits in America and how personal wealth is no longer safe. His extensive experience in asset protection has created recurring opportunities to be the guest speaker at professional and medical conferences and seminars throughout the country. 
Listen in as they discuss:
  • Douglass’ journey into asset protection
  • What people don’t know about asset protection
  • Inside liabilities
  • Vehicles that can be used to protect our assets and wealth
  • Bridge trust and its functions
  • Bridge trust versus foreign asset protection trust
And, more!
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In This Week's Round Table...
Would you buy a property that within the chain of title was previously purchased at a tax deed sale? And if so, what concerns would you have?
Episode Notes
Today on the Round Table we start with a story from Scott Todd about property purchased that had a previous tax deed sale in the chain of title. Tax deed properties present complications when future buyers/owners look for title insurance within the redemption period. 
Joining Mark today are: 
  • Teria Harris
  • Tate Litchfield
  • Erik Peterson
  • Scott Todd
  • Mike Zaino
Listen in as they go around the table and share their experiences buying tax deed properties. They also share with the audience all there is to know about the possible risk, issues, and concerns to take into consideration when purchasing tax deed properties and how they can be resolved.
TIP OF THE WEEK
Teria: Join us in our Mighty Networks community where we gather, discuss, and disseminate information. It’s a great place to learn more about land investing. And a bonus tip from the Land Geek Coaches—come in as yourself! Some people are joining and using nicknames, and so those accounts look a little trollish. So my recommendation is, use your actual name when you sign up for Mighty Networks. If you want us to engage and communicate with you, we would like to actually know who you are.
G -Gratitude
We’d like to express our gratitude to John Olbeter for sharing his success with us.
Land Investing 101 - Land Investing For Beginners And What Makes It Passive Income
Land investing is a simple, low-risk way to build passive income while avoiding the headaches of traditional real estate investing models. Discover how this overlooked and undervalued passive income opportunity works with Land Investing 101.
Land Investing 101 - Land Investing For Beginners And What Makes It Passive Income
Geeky Links!
The 5 Key Resilience Traits You Need Right Now – John Maxwell
Money Management Tips that will Help you to Live A Way More Productive Life - Productivityist
16 Hidden Facebook Marketing Tools That Will Increase Your Engagement by 154%
Get Ready To Take Flight in November... Click below.
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