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Dan Lok : From A Reluctant Entrepreneur to one of the Greatest Marketers of our Generation

The Best Passive Income Model Podcast

Release Date: 03/24/2016

All Good Things Come To An End show art All Good Things Come To An End

The Best Passive Income Model Podcast

Please note the current podcast with weekly land investing round table discussions with our Land Geek coaches and clients can be found at It's true...nothing stays the same in business and that means it's time to say goodbye. You get to witness the evolution of a podcast! The Dawn of The Land Geek Era brought The Land Geek Podcast. The Passive Income Obsession Grew with The Best Passive Income Model Podcast.  And now, the Brand New Mutation is here with Listen in one last time as Mark remembers all the great guests he's hosted and says good-bye as he's moving on to the next big thing....

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The Best Passive Income Model Podcast

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We haven't had a bigger guest than today...we're thrilled to announce—bing bong bing, ding ding dong—Mark Podolsky!   Listen in as Mark interviews The Land Geek himself as he goes through his mailbag answering some of those questions we hear all the time.   It's time to get your newbie questions answered... How much money do you need to get started? Can I really do a dual deal with no money? Where are the best places to invest? Can an international investor be successful with The Land Geek's model? Want your questions answered? Summit your question at  Your question...

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In today’s episode of the Best Passive Income Model, Mark talks with Mark Asquith—host of , the number one small business podcast out of the UK. Excellence Expected is a way to share actual advice and inspirational initiatives borne out of the trials and tests he was faced with when he started and ran his businesses. Mark is also the co-founder of an online podcasting platform, , which he runs with John Lee Dumas from Entrepreneur on Fire. Mark delves into how he broke through the noise in the market and created his own noise to get traction and drive sign ups....

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In this episode of The Best Passive Income podcast, Mark talks with Jefferson Lilly—. Jefferson is a self-made millionaire and mobile home park investment expert, educator, and industry consultant who has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show.  Jefferson provides affordable housing to help people become homeowners. He tells us why he chose mobile home parks and how it's structured so that you don’t have to put much time or money into it, making it a true passive income!   ...

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In this episode of the Best Passive Income Model Podcast, Mark talks to a fellow tax delinquent land investor, Jack Bosch—. Jack, who is an immigrant from Germany, came to the US in 1997 with two suitcases, student debt, and zero knowledge on buying and selling real estate. Three years later he fell into land investing and has developed a system that has made him millions from 3,800 deals! He has also written an Amazon #1 seller with his wife, Michelle—. Jack shares his story with us and delves into:  Working with his wife Why there isn't a big pool of land investors His...

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In this episode of the Best Passive Income Model Podcast, Mark chats with reluctant entrepreneur, Dan Lok. Listen in as Mark and Dan talk about his journey from a penniless immigrant to a multi-millionaire who owns 21 companies, tinkers around on Facebook making $150,000 a month in income, having a mentor who gave him the million dollar year of his life, online marketing, writing books and being the guy behind the guy.

Dan Lok talks about how he was an immigrant who didn’t speak a word of English and going to North America at the age of 14. By the time he was 17, his father’s business went bankrupt and he had to grow up and be a man. His journey from rags to riches began because he had no choice. He needed to take care of his mother.

Dan’s journey to success had many more failures than successes. He attributes part of it to the timing. He came into the business during its heyday. As a result, he got invited to speak in many different conferences and was making a ton of money as a speaker and information marketer. He took all that money and invested in businesses outside of information marketing.

Today, Dan has 21 companies, which he either owns or has a stake in. These companies include real estate education, software, and financial planning. When asked how he had the time to mentor people, he said that every deal is different. Usually, the mentoring happens at the initial starting phase of the business. He either puts in his time, money, or expertise, depending on what his partners need. His philosophy is instead of having 100% of a big pie, he would rather have 25% to 75% of many small pies.

For Dan, freedom is having the luxury not to do something you don’t want to. It’s being able to walk away from any deal. It is about being in control of your time. Currently, he runs his companies from his home because he chooses to.

When asked what kind of advice he would give a 25 year old, he said (1) try to be the best version of yourself and (2) don’t go out there and start your own business. He introduced the concept of the wealth triangle that’s made up of high-income skills, scalable business, and high returning investment. He suggests you focus first on the high-income skills. That will ensure there is a steady cash flow coming in. It also allows you to start a business from a place of strength. The worst place you can be in is when you’re desperate.

Dan has invested money in real estate all over the world. He likes Hong Kong because it’s not rent controlled and you can double your rent if the market can sustain it. He also has investments in Taiwan. He prefers investing in commercial properties. As long as you buy in the right location, he says it’s a passive commercial business.

On Mark’s business model, Dan says that you’ve got to know your stuff. What’s best for Mark may not be best for others and vice versa. What’s more important is that you find your niche. It’s not what you do but it’s how you do it that matters.

TIP OF THE WEEK:

Dan : Watch “How to Generate Massive Passive Income” on YouTube, and get a copy of my book, F.U. Money from Amazon.

Mark: Learn more about Dan Lok and his books at Danlok.com.

Thank you for listening to the Best Passive Income Model podcast. Your support helps me to invite guests who share their knowledge that you can use to grow your business.