Learning the lessons we should have learned in school but didn't
This conversation with Shanda Sumpter changed my life.
For the first half of the episode, she teaches us how to grow a business to 10-figures (which, of course, she has done with. See Heartcore Business.
The rest of the episode, she teaches us how to buy and sell a home using none of your own money.
It was so powerful because it was so actionable, so I had to go back and listen and write down a bunch of notes. There was so much gold I couldn’t keep type fast enough! I would be furiosuly typing away while the audio played, then Shanda would say something else that I wanted to write down and I’d have to pause. It was crazy. See all my takeaways below in the form of scattered and abbreviated notes:
How to grow your business to 10-figuresPay yourself first – $X per month automatically deposited into a savings account to buy things with.
Think outside the box – Buy properties using none of your own money. Reach out to homeowners and say, “I’ll take over the monthly payment and in two years I’ll have this house off your hands or you can have it back.” Wealth transfers.
Quote from Shanda: “People are trying to work their way to millions and that is ignorance. That is an employee mindset. You don’t work yourself to millions; You leverage yourself to make millions.”
Google “lease option”. It’s rent to own.
If you’re going to rent it, you might as well rent to own it.
Promissory note – A signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.
Have to be making offers on a regular basis.
Quote from Shanda: “If you are comfortable, you are in a very dangerous position.”
Quote from Shanda: “If you think you’re just going to work for the rest of your life and you are going to make millions and every year is going to be amazing, you are sadly mistaken.”
Quote from Shanda: “If you grow at the level you make money, you are making a mistake. You don’t want to die with an 800 credit score. That’s dumb. You want to use your credit to get access to cash to put money down on marketing campaigns that are working.”
Say, “I buy homes cash. I will take over your house payment.” Put signs out at busy intersections.
Call and make offers. Ask:
Then…
You want to be so well grounded on how to create cash so you never have money be your boss. You have to master money for your life. You can’t ever stop at your capacity for time or money.
Start tracking your time by the hour.
Do you start with a plan at the beginning of the day? Do you know what you are going to produce every hour? What am I going to produce this hour? Did I do it? Yes or no?
Google these:
Don’t be afraid to do other countries. Buy in the UK because your money is worth more.
Ask real estate investment groups, “What are you educating your group on? I want to know in case I come across any deals you guys might want.”
They say, “We like pre-construction real estate”
Go to developers. Say “my buyers want this deal. They want 30% discount on the property. They want this, that, the other thing. Can you create this deal?”
They create the deal.
I bring it back to the investment group and say, “Do you want this deal? My developer said he would do this.”
They say yes. The deal is brokered together and I take a finder’s fee on it.
Questions? Reach out to Shanda on Instagram. She’ll respond.
Shanda Sumpter bio:Shanda Sumpter is the Queen Visionary of HeartCore Business – a training company on the brink of hitting eight figures designed to give entrepreneurs the powerful systems they can use to share their gift and use those gifts to create profitable, sustainable businesses.
Today, Shanda is a dynamic speaker, trainer, and business coach, as well as a bestselling author and owner of a multi-million-dollar business and a wife and mom with plenty of time for family, self-development, hobbies, and rest. She lives in a beautiful house on the ocean, and loves her life!
It’s Shanda’s mission to give entrepreneurs the step-by-step systems they need to launch and grow their businesses – and transform their financial lives and the world.
She’s experienced her own journey from struggle to triumph: there was a time when she had only $500 to her name and was facing the prospect of moving back home to her parents’ house in Canada.
She knew then that it was time to make a change. So she hired a mentor.. and that became the catalyst for a domino effect of miracles that set the stage for HeartCore Business and its evolution into a multi-million-dollar company.
Visit Shanda at https://www.heartcorebusiness.com/.
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