In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
- Rachael Mueller
- Erik Peterson
- Tate Litchfield
- Scott Todd
With Scott just returning from an 8 day vacation in Hawaii, the group goes over the psyche behind having a business that allows you to have the freedom to do the things in life that you want to be doing without worry.
The mental aspects of taking a vacation—Can you totally disconnect, relax and enjoy yourself, or is business always lurking in the shadows?
The freedom this business offers on a daily basis—Do you have “should” syndrome…I should be doing this, or I should be doing that? Or maybe guilt because you’re not working 60 hours a week like your friends and family?
Bottlenecks—How often should you refine your systems?
We also get into a case of what would you do—A buyer goes into default and vanishes after 7 months of payments. But, you got all of your money back in the first few months, plus turned around and resold it at a higher price. Now skip ahead 2 years, your vanishing buyer reappears and wants to buy more property from you… what do you do?