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Missing my Team as an Entrepreneur, Alone Island

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Release Date: 11/02/2022

Our Tax Code is F’d Up show art Our Tax Code is F’d Up

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Happy Friday, everyone! Today, I’m sharing a story about the chaos of our tax code and why it’s so frustrating. Despite having a CPA, I faced a bizarre situation with the IRS that highlights the inefficiencies and confusion within the system. Despite trying to pay what we owed, I kept getting no balance due on the IRS site for months. Then, out of the blue, I received a letter from the IRS, not demanding payment, but sending us a check for overpaying! Listen in to hear the full story and my thoughts on our convoluted tax system. Are you team April or team October when it comes to filing...

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Never Accept Debit or Credit Cards for Rent Payments show art Never Accept Debit or Credit Cards for Rent Payments

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Hey busy parents! In today's episode, we're diving into why you shouldn't accept credit or debit card payments for rent. I'll share a painful lesson learned from my own experience and explain the potential pitfalls. We initially thought accepting card payments through Hemlane was a great idea for tenant convenience. However, we faced a major issue when a tenant disputed a payment, leading to a loss of three months' rent. I'll break down the risks involved and why we've switched exclusively to ACH transfers. If you've faced similar challenges or have insights on ACH transactions, I'd love to...

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Realize the Gain show art Realize the Gain

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Happy Wednesday, everyone! If you've been wondering about Monday and Tuesday's missing episodes, I've got a story for you. Today, I'm sharing a personal example of how juggling multiple roles—being a parent, a spouse, and a side-hustling real estate investor—can sometimes lead to missed goals. Instead of stressing out, I'm learning to accept that it's okay to miss a beat sometimes, thanks to the book The Gap and the Gain by Dan Sullivan and Ben Hardy( ). Tune in to hear how I'm striving for consistency rather than perfection and why it's important to recognize and celebrate your progress,...

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Tips for Allowing Film Crews to Book Your BnBs show art Tips for Allowing Film Crews to Book Your BnBs

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Happy Friday, folks! If you've got that extra pep in your step, it's because the weekend is just around the corner. Today, let's dive into the incredible benefits of community! Let me share a little story about the magic that can happen when you're surrounded by knowledgeable peers. So, picture this: a film crew wants to book your space, but there's a catch. They come with some pretty sketchy clauses in their agreement. Cue Kaitlyn, our community superhero, who swoops in with some priceless advice. Thanks to her wisdom, we dodged a few legal bullets and ended up getting paid for a week without...

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Why I Call Out Unethical Real Estate Investing Advice on Social Media show art Why I Call Out Unethical Real Estate Investing Advice on Social Media

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Hey there, fellow busy parents! Today, I'm diving into a topic that's been buzzing around lately: speaking up against unethical advice in the real estate industry. Now, I know what you're thinking: "Why stir the pot?" But here's the deal: when it comes to shady practices, I firmly believe in calling them out. It's like this mantra I live by—One is an anomaly, Two is a pattern, three is a trend. So, when I see troubling patterns emerging, especially from self-proclaimed real estate gurus, I feel compelled to speak up. So, why do I do it? Simple. It's all about maintaining the integrity of our...

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Rule of 72 - Quickly Determine How Long it Takes for an Investment to Double show art Rule of 72 - Quickly Determine How Long it Takes for an Investment to Double

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Hey there, podcast fam! Happy Wednesday! Today, we're diving into a topic that's often overlooked but super handy: the Rule of 72. Ever wondered how long it takes for your investments to double? Well, this nifty little rule has got you covered! It's as easy as pie: just take the number 72 and divide it by your annual interest rate, and voila! You've got the number of years it'll take for your investment to double. Sounds like magic, right? Tune in to this episode as we break down some calculations and demystify the Rule of 72. Trust us, you'll be thanking us later when you're doubling those...

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Trick to Avoid the Shiny Objects show art Trick to Avoid the Shiny Objects

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Today, we're on a mission to conquer the distractions of shiny object syndrome, and we've got a little help from Keith Cunningham's "The Road Less Stupid." In this insightful read, Cunningham drops a truth bomb that stopped me dead in my tracks: "How does this get me to my goal faster?" It's a game-changer, folks. When we're evaluating deals, opportunities, or even life choices, it's all about weighing the pros and cons. So, join me on this enlightening journey as we decipher the difference between fleeting distractions and genuine opportunities. Remember, a slight hesitation may just be the...

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Creative Ways to Announce Your Social Media Sabbatical show art Creative Ways to Announce Your Social Media Sabbatical

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Get ready for this week's challenge, folks! It's time to shake things up and schedule yourself a little social media sabbatical – courtesy of our fabulous classmate Sherry R! Here's the scoop: I want you to block out some time this week – or hey, even in the near future – for a much-needed break from the endless scroll. Now, I know what you're thinking – why all the fuss about social media? Well, my friends, it's time to face the music. We're spending more time scrolling than we are living – and that's a problem. Let's flip the script, prioritize what truly matters, and reclaim our...

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What It Cost to Replace a Hot Water Heater show art What It Cost to Replace a Hot Water Heater

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Hey there, busy parents! Welcome to another sizzling episode of Hot Water Heater Friday! 🔥 Today, we're diving headfirst into the world of water heater replacements – because let's face it, when that trusty old unit calls it quits, it's time to roll up those sleeves and get down to business. So, what's the damage, you ask? Well, grab a seat and hold onto your hats as we break it down. Dear listeners, when it comes to water heater woes, knowledge is power. Arm yourself with these nuggets of wisdom, shop smart, and keep those eyes peeled for any signs of trouble brewing. After all, a little...

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5 Signs Your Property Manager is Stealing from You show art 5 Signs Your Property Manager is Stealing from You

W2 Capitalist | For Married, Busy Parents Side Hustling in REI

Hey, folks! Today, I'm sharing my personal journey of discovering the hard truths about property management and how to spot the signs of a sneaky manager who's not playing by the rules. Picture this: missed rent payments, deferred maintenance requests piling up, and evictions mysteriously MIA. Sound familiar? Yep, been there, done that. But fear not, because I've crafted the ultimate cheat sheet – 5 telltale signs that your property manager might be dipping into your pockets behind your back. Armed with these signs, you'll be ready to tackle any property management shenanigans head-on. And...

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More Episodes

It was at this episode that I realize that all four of us Brody, Jeff, Jamie, and myself have cut our ties with the W2 and spread our wings to fly as entrepreneurs. This episode is an extension of an off-air conversation that Brody and Jeff had about the transition that one goes through from being a W2 earner to a full-time solopreneur and we start to dive deep about spousal support, and something no one really talks about on the subject of financial freedom or financial independence and that is the emotional highs and lows that ones go through when you make that transition and that W-2 paycheck is now gone. Also, this is the first time I’ve heard Jeff’s story about how he and his wife decided to go all in, just super impressive to hear and as I’m hearing Jeff tell their story, it really challenged me to think if I would have the guts and will power to take that kind of leap. So I want you to ask yourself this question as you’re listening to this episode, and text me and let me know: would you survive on Alone Island or will you be eliminated from Snowflake Mountain? This is episode #166 of the W2 Capitalist podcast.

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