The Best of Round Table –How Much Capital Do You Need To Start Land Investing?

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Hey, it's Mark Podolsky. And for this week's roundtable discussion, the Best of I'm always really just so impressed by the collective intelligence of our community. But you know, it's one of those things that no matter how bright you are, how accomplished you are, there's always a little bit of that fear about risk aversion. And, you know, how much money do I need to get started? And there's like that, you know, that little lizard brain fear, that man, I don't want to lose my money. And if I'm going to lose all my money, how much money do you think I need to start with? Well, first of all, I've done this over 5,500 times and it's kind of crazy to say I've never lost money on a deal because when you're buying an asset 25, 30 cents on the dollar, there's someone else on the other side of that deal. Plus, there is a lust for raw land in this country. And just because I may not want to buy that raw land, there is a pig for every barn. I've never been stuck with a piece of property. But re listen to this episode because it really reiterates how much money you need to get started in land investing. And this has been one of the best roundtable discussions we've had. And it's one of those things that continually comes up. So even if you've heard it once, listen to it again, listen to it a third time, and you'll probably pick up a little nugget here and there. Anyways, if you're speaking of nuggets, look. Go to the landgeek.combootcamp better register. The virtual Bootcamp is coming. We can't wait to see you. Virtually, that training is intensive. It's two and a half days, Friday, Saturday, Saturday and Sunday. We'll have breaks. We're going to have networking. It's going to be amazing. Just like our live boot camps. Can't wait to see you there. Learn more thelandgeek.com Bootcamp and enjoy this Best of roundtable discussing how much you need to get started in land investing.

And on this week's roundtable, we get the usual suspects. A full group. We've got D.O. buddy, the Nightcap OG Scott Bossman. Scott, how are you?

I'M great, Mark. Thanks for having us.

Good to see you. We've got your cohort in crime, the Zen master. Breathe in the mailing, breathe out the marketing. Mike Zano. Mike, how are you?

I'm doing wonderful. Very happy to be here.

We've got the most feared woman in the country, the terrorist hunter, Mimi Schmidt. Mimi, how are you?

Great. How are you?

I'm good. I need you to be Aunt Mimi and talk to my son about the CIA. Because after watching and binging Jack Ryan, he thinks he wants to be in the CIA.

Hey, I'd love to talk to him just about those type of jobs in general. FBI, the CIA, National Terrorism Center. There's lots of different places do that kind of work. National Counterterrorism center, ntc. Nctc. Right. Liberty Crossing.

All right, great, great. We got the technician, Eric Peterson. Eric, how are you?

I'm doing very well, thanks.

Good to see you. I love it when you call me Big Papa Tate. Litchfield. Tate, how are you doing?

You're doing really well. Jealous I'm not on the beach with you?

You should be jealous. But I'm jealous that I'm not on the second season of Lots, if you know what I'm talking about. Just go to land geek.com forward/lovers, and look over Tate's shoulder and see how he runs his land business. And get some cycling tips as well. And last but not least, you know him, you love him. Scott Todd. Scott Todd.netLandmodo.com not automating your Craigslist and your Facebook postings, posting domination.com TheLandgeek learn anything about anything if you investor ninjas.com Scott Todd. How are you, Mark? I'm great.

How are you?

I'm good. I. I just realized that Mimi might be too supportive of.

Yeah, yeah. So I was gonna. I was gonna say, you know, after the way she said that, next thing you know, he's not gonna be in the CIA. He's gonna be in one of these other things that she just said, these other acronyms. And, like, you're gonna be like, what happened? Your wife's gonna be like, mark, what did you do? You're like, I thought she was gonna talk him out of it, but she's talking into it. You sign right here on a dotted line or something.

I don't know. Move on.

Yeah, yeah. I mean, you know, like, you know, I was doing some research on it. It's like, you need to know multiple languages. He's like, I. I know French. I'm like, not gonna be A hotbed in France. But, you know, I don't, I don't want to digress.

Don't say that.

Don't say that.

Are you kidding?

Oh, that's right. It is a hotbed. Never mind. Okay, well, now he's definitely not gonna talk to aunt Mimi. But we have a really good topic today, which is I want to go around and ask everybody, how much money do you think you need to start with to really get going in the land business? And then when do you think you need to start raising money? So let's just start with the person that's gonna keep us the calmest, Mike Zaino. Mike, what are your thoughts?

Well, you know, this is a subject that, it comes up a lot. I thought, you know, Scott and I talked to a lot of people. Scott boss and I come in the business and you know, it's. I came to business negative 40,000. Right. Well, I still had to spend some money, right. But the reality is I didn't have a lot of free capital. And so, you know, I always say, geez, you know, you'd like to have a couple of dollars for a few deals. So you buy 25 cents on the dollar. You're gonna buy couple of $2,000 properties. You want to have thousand dollars, right. You know, you just whatever, you know, you know, to buy some inventory and then support your mailings. I don't think it takes that much though. I think that people often miss, you know, what they often miss and I talk about on calls them is, is, you know, we don't, I don't know if we always talk about that much, but the micro niche they're in, why, you know, we're able to do what we do and the price points, our average purchase price is 1500, $2000. We get all our money back in a year. So I think sometimes that get missed, right, that this is a small little environment they're in, so we don't really need a ton of capital, you know, and that. And so it's really interesting in that regard. So to start out, Mark, you know, yeah, you gotta have some money for your mailings. I don't care. You know, everybody I've heard people talk about, oh, does this mailing service that mail. I don't care if it's a dollar mailing, really, because one deal is gonna crush it anyway. So let's call it $100 a week for mailing. And then if you want to pick up a property, maybe $1,000 or $2,000, you'd be good to go. That being said, I didn't have really any money. I just kind of had to like, just kind of like day trade. Buy and wholesale. Buy and wholesale. So there are other ways. If you're listening to us and you're like, I don't even have two pennies to rub together, that's okay. I didn't either. But I was still able to leverage the power of a deal. If you own the deal, you have the power, right? I mean, you can go to anybody in the group and be like, would you like to work with me? Would you like to buy at wholesale? Like, we assign this to you. So first and foremost, you need to mail. And so if you don't have a ton of money, don't. We're all going to say here, don't sweat it. You can still make this role.

All right, I love it. So if I had to press you, Mike, and just said for a number to start with, would your number be $1,400, $500? Negative. $45,000?

Yes. You know, I'd say you'd be sitting pretty with $2,000. You'd be able to get this rolling, I think, because you know that you can get a, you can get a couple little. Listen, starting to micro. Blow it up in the macro, perfect it in that small environment, you can buy property all day long. I just bought 47 properties for a hundred dollars a piece. I'm buying 47 more for $175 a piece. It can be done. It's not a. You don't need.

It's.

You just have to believe in it. Right? So couple thousand dollars, you're good to go. My opinion.

All right, Scott Bossman, what's your thoughts?

Well, I agree with almost everything Mike Zano said, as always, of course. But, you know, I remember having a conversation with Scott Todd when I started coaching four years ago. A little over four years ago, during our first ever coaching call, we were afraid. I was afraid of running out of money. And he said, and I'll never forget this in so many words, you really have to have more faith in the model than anything. You just have to follow the recipe. You have to mail as Mike Zaino said. And the deal flow comes as Mike said. You own that deal, and there are so many different ways you can move forward with that deal. Our first year in coaching, we did, actually, I think we did 30 deals, and half of them were cash deals. Now, you can't dictate what the market does or what the market wants, but those cash deals Went right back into our business. They fed our business to buy more property. And it gets to the point where it becomes kind of a churning machine in that way. You get deals that fund other deals. You get deals that turn into great wholesale deals, take five or five hundred bucks, thousand bucks, redeploy it in your business, go from there and keep supplementing with terms deals. I didn't take advantage of a couple of things back then that I know a lot of people are taking advantage of now, and that is selling notes and land arbitration deals. I mean, those are great ways to make your money move. And I would agree with Mike. I think a couple thousand dollars, it's a great start in this business.

Okay, okay. Not to get too woo woo and too much like Law of Attraction, but I really loved what you said about Scott saying you gotta have faith in the bottle. Cause I used to get on the phone with Scott and we kind of tell these stories about times in our business where we really needed cash. And as soon as we were like, we need cash, the cash just came. Scott Todd, do you remember that? It was the weirdest thing.

Yeah.

It's still, to this day is the weirdest thing. Like, I kid you not, like, I don't know, back in October, I felt like my bank account was getting pretty low and like it was getting to the point where I was like, a little panicked. My business bank account, I was like, a little panicked. And I'm like, we got what's happening here. And you know what? I kid you not, we had a string of cash sales and next thing I know, I'm like, I got too much cash. What did I do right? Like, I got too much cash. And now, like, to this day, this was months and months later, I've been on a cash string and I've been buying properties like crazy, and I still have too much cash.

Yeah. Now I kind of like do my vision board, just notes and I show people not wanting to pay off the note early. But there were times when I needed cash and they paid the note off early. They wanted to pay cash, and it was insane. Mimi, Schmidt, what are your thoughts on this?

I agree with Mike that you don't need any $2,000 set you up really nice. But you really don't need money. You need enough to mail, right? So many of the tools you can use, HubSpot's free, right? Gmail. The Gmail suite cost you what, six bucks a month or something, right? There are a lot of these tools that you can even the phone number, right? You can get the Gmail telephone number. So there's so much of this stuff that you can do for absolute free. And then you can pre sell double clothes, do things like that, in addition to wholesaling.

Right.

And land Darby. So I do that a lot. I'll pre sell property and sell it, double close it. And then if I write a lob check to buy the Property, it takes 10 days for the person I'm buying it from to get the lob check. But when I sell it, I'm getting that cash within three to five days. So a lot of times getting the money before the money's going out. Right. Just by the way I'm buying, by the way I'm receiving the money and sending it out. So I think that's worth considering. And I will say I think people think when I get a lot of this, when they start, oh, I'm having these issues with money management, and I need help getting over that. As an entrepreneur, no matter where you are in scaling your business, the management of those of cash is going to continue to be an issue. You just have bigger money management problems.

Right.

And. And having too much cash is an issue. I remember once last year, I took in a bunch of money from a retirement fund and took a loan to myself. Well, I was paying the money back in the loan before I could spend it and make money on it. Right. I should have piecemealed it out a little bit and managed it coming in when I had the land to buy.

So.

So yeah, I'm coming up on four years this spring. I still have money management issues. I always will because I have a business. So those are my thoughts.

I love it. I love it. So if I had to press you for a number to start, what would be your number?

So my son started doing it this past summer. He started with 500 bucks.

500 bucks.

Wow.

And then given the evolution of your own business, Mimi, when do you think is a good time to start thinking about raising money or borrowing from yourself and tapping other lines or other sources of capital to grow?

I feel like when you've got the mailing and marketing down and you've got enough good deals, you understand the model enough where you can go out and buy? Gosh. If you've got enough money right after flight school, if you're starting to get in good acceptance, it offers and you feel confident about the prices that you're paying for the property, go for it.

Okay.

All right. Fantastic. Eric Peterson, the technician. I'd love to hear your technical take on the idea of capital to start, and then when you start to think about maybe doing a raise.

So I think I started with about five grand when I got started. Certainly I don't think you need that much, but I think that you should have some money for education. And that could take any form out there, but to be able to educate yourself is a big piece of the puzzle. Without that, you could be wasting a ton of money sending out letters or blind offers or postcards or who knows? So the education piece is important. And then just enough money to mail. If you have, let's say, four to six weeks worth of money for mailings, I think that should get you in good enough shape that you can start to get some accepted offers and work them through the process. And if you have nothing more than that, well, then, you know, any of these other ideas that have already been talked about where, you know, you're double closing, you're, you know, doing that wholesale, or you're pre selling or any of the other options out there to get that capital in order to be able to close that deal. So, you know, I don't think it takes a lot of money, but I do think that education piece is super important.

Yeah. I mean, and the most expensive piece of education that we have for the DIYers just starting out is only 1997. So it's still within, you know, the $2,000 mark, which oftentimes, if you get the digital, it's. It's much less than that. So you could get education and start mailing with around $2,000.

Mm.

So still a good number. Hey, Litchfield, what do you think? And Tate, did you Google what money is?

Yeah, no, I. Yeah.

Yeah. So, you know, cuz, like, he's like the Venmo generation. He's like, what is this thing you call money? He's like, is it. Is there an app for that?

So I used all my allowance for my land business, mark.

All of it. All of it.

In all seriousness, I think I started with right around $5,000, like Eric. And, you know, let's be honest, buying and selling land is a capital intensive business. If you don't build your business correctly, you'll run out of money very, very quickly. That's the reality.

So when you start either looking at other sources of income, doing a raise.

Well, I think it comes down to building business correctly. Right? That's, that's, that's the important thing. If you build it correctly, if you know what you're doing, if you know where to buy land, if you know how to self close it. And you're not using title companies and you're hiring VAs that understand what your objectives are. It makes turning the money very, very easy. And it makes flipping your property, so to speak, almost predictable. I work with a guy all the time, and I swear, every single month he comes to me with a new property to buy, and it's like, fantastic. He makes a little money, I make a lot of money. We're both happy. And he's able to cover basically all of his mailing, all of his VA teams, and have a little extra money on the side off that deal. So it's pretty impressive what you can do.

Okay, so if I had to press you, Tate, for a number to start, what would be your number?

Somewhere between two and five grand, I think.

Do you include education in that?

No. I would say that education is an entirely different part of the puzzle, in my opinion. You gotta have an education. Otherwise, like I said, you're gonna hear somebody on the Internet or some Facebook forum tell you to mail and target properties in your home state. And you're gonna mail and you're gonna send out 3,000 offers, and you're gonna get two angry phone calls, and that's it. And then you just wasted $3,000. So I think knowing what you're doing will not only give you that confidence to keep buying land, but it'll teach you what to look for and what makes a good county.

All right. All right. I love it. And Scott, Todd, when you started.

Okay, Mark, I started with $10,000 of capital to deploy. Okay. So I didn't include that, didn't include mailings, education, whatever. I just had $10,000 of capital to deploy. And basically, I would tell you I probably had too much money because the first property that I bought, like, I had to own it, and I probably overpaid. I should have paid like 3,000. I paid 4,000 for it. I overspent. Oh, by the way, my $10,000 budget actually went over. Okay. Like, I'll admit it, I went over slightly, but by a couple thousand dollars. If I were to do it all over again, I would do something very, very different. I would start with capital of like 500 bucks. And here's what I would do, maybe a thousand. Here's what I would do is I'd pick up the phone, I'd call my buddy Tate, and I would ask him about land arb ing some properties. And what he's going to do is he's going to tell me the properties that I can get for $100 today, literally $100 today. And then I'm going to take those properties, I'm gonna start marketing the heck out of those properties. I'm gonna sell them, create some cash flow. I'm gonna keep doing it. I'm gonna keep doing this to build up my passive income, whether it's that, but you don't even have to like buy the property outright if you know the right people and think about this correctly. But you know, if you had more money, that's cool because guess what? I know for a fact you can buy properties in like 1 acre properties wholesale for like 500 bucks. Like they sell. I mean, there are, there are people that we know that literally have bought some of these $500 properties and they built a massive passive income on picking up $80 checks a month, 70, $80 checks a month. It's just like, keep giving me the little checks, man, keep bringing them to me. It's mailbox money. But as we all know, it starts to spend, right? Like, it starts off small, you know, it pays the electric bill, pays the car bill, or maybe it pays the, maybe it pays the car insurance bill for a month and it pays the electric bill. Then it pays the car payment. Next thing you know, it pays the rent or the, or the mortgage or half the mortgage pay. Next thing you know, you're paying off all your bills. But you got to build it, let it build. And I think the problem is, is that what we see oftentimes is that people are in such a hurry to scale and they'll say, well, I'm not trying to get rich fast. Well, they do. That's their mindset. They want to scale so fast that they go out and they borrow all this money. And the reality is, is that, I mean, I've seen it time and time again. People go out and they, they borrow a bunch of money to go deploy. They start making bad decisions because they have all this money they have to deploy, and the next thing you know, guess what? They're out of the business. They're gone. Because they could not, they could not deploy that much money at one time. So, you know, be careful. You think about it, think about, think about the long term perspective and build it slowly and it will be a lot better than trying to build it all and the next six months.

Yeah, I really love what you said. I love that sort of different take of I wish I had less money, which is the Jack Ma, if you know Jack Ma, he started Alibaba as a, you know, Chinese billionaire and he really credits his success to having no capital because it forced him to be so innovative, so creative, and just be so frugal in building his business the right way from the beginning. We all hear the stories of these VC companies that have too much capital and they think even from day one, they just aren't smart enough to innovate the right way. And they burn through their cash and then you never hear from them again. So I really love that sort of counterintuitive take of it. My take is I started with three grand. Duran started with $800. But at that point in time, there wasn't a wicked smart Mike Zano. Then I could just pick up the phone and buy a piece of property from for like 500 bucks and flip it for, you know, 2,000 or something like that. Or, you know, there wasn't. Tate. I couldn't really control a piece of land that might be worth five grand for a hundred bucks a month, which I could then immediately flip and start making the spread of a hundred bucks a month so I could sell it for, you know, 200, 250amonth. And that baby money adding up, adding up. So as you guys are telling your stories, I can't tell you the jealous rage I'm feeling from the early days of going through this business and unnecessary suffering that I had to go through compared to what everyone has at their disposal today. I truly am the land OG that had to walk uphill both ways compared to all of you. Just angry.

Okay.

Thinking about it. And I can tell that Scott Todd has literally no compassion for that suffering and nor should you, because it's made me a better investor. I said thank you. I said thank you.

Like, that's compassionate, isn't it? Like, we pay respect to the original og. We gotcha.

Hey, can you help me out here?

I mean, yeah, you know, we gotta. Like Scott said, you know who the Godfather is, but I don't really feel bad that you stumbled for all those years. I mean, hey, man, thank you for doing that. Thank you for wasting a lot of money so that I don't have to. But, you know, I'm gonna learn from your mistakes and save myself a million dollars.

Yeah. And I'm happy to do it for you, Tate.

I appreciate it, man.

For you.

Eric, on the other hand.

So I'm not. Look, I'm not talking about Eric. I'm happy for everybody on the roundtable and all the listeners, very happy that I made those million dollar mistakes so you wouldn't have to. It is gratifying but it is hard to sort of listen and kind of have to think back to all that. That struggle. But I'm out of it. I'm in a better place. And I feel wicked smart that and wicked generous that I can, you know, go and help people with different ways of starting this business with very little capital. And in those approaches. Mike Zano, what's on your mind?

You know, I love raising my hand on these calls. I just want to hear tape talk more about turning money. Something about that is just. I found.

Awesome.

Was I the only one who thought that he's talking about turning money? I was just like, yes, turning money. That was a really great description, but it's business. I just wanted to point that out. I thought it was amazing. Anybody else feel that way when you said it? That was like, I've never heard anybody say it that way about a business, but I felt really gratifying to hear him say, turning money.

That's what you're doing. If you think about it, every time you sell a property on terms, you basically create a little mini ATM machine, and you go to it, and every single month, like Scott Todd does at boot camp, and you just sit there and you wait, and it's like, it spits out 100 bucks for you. Like, sweet. This is amazing, right? So every property I sell on terms, I'm like, yep, ATM machine number 400.

I turn money. What are you, on the Ozarks?

I turn money.

I don't paint houses either.

Mark.

It's funny.

The other day, my wife and I were talking about buying something for the plane, right? Like, I was talking to her about adding something, and I was like, I don't know. I don't know if I should. You know, I don't know I should do here. And then while we were at dinner, I'm sitting there, and I'm sitting there, dinner, and I see this transaction come across, and it was. It was a cash sale, and we sold this land. And the investment, by the way, was like, $8,000. Okay. Like, we were thinking about, like, okay, let's spend 8,000 off. So I'm sitting there and sell a piece of land, and I look, and I'm like, oh, look, we just sold a property on for cash for, like, 11,000, like, 10,995. I'm like, what did we go buy the property for? And I went and looked, and we paid $3,000 for the property. Okay. Like, and the way that I see this, you know, Tay talks about the ATM machine, but I see the fact that I can literally buy whatever I want for pennies on the dollar just by selling the land, right? Like, I can go buy land, and if I want to pay for it out of cash, I can produce cash by just waiting for a property to sell or a property or two to sell for term or on cash, right. Like. Cause it happens 25% of the time. It's on cash. So I'll be like, okay, I'm going to buy something, but I'm going to buy it for $3,000. I'll wait for the something to sell, and then poof, you know, we automatically have some cash come in the door, and that's how I go buy things. The other way of thinking about it is like, if you want to go buy a car, for example. Well, if you want to go buy a car and the car payment is $500, that might be two notes. Okay? Like, two notes for the entire time you own the car. Well, you could set that up on a property that maybe cost you, I don't know, $3,000.

Okay?

Like, you can make your car payment on properties. Two properties at combined probably cost you three to four thousand dollars. Imagine that you spend three or four thousand dollars, you get some notes that go out there and produce income for you every single month that pays your car payment. It's like buying everything for pennies on the dollar.

Everything.

It's just the mindset that goes along with it. Yeah.

I'll tell you the downside of all this, though, is having children. Because now my kids, as they're getting older, are like, what do you do? How are we living like this? Because not only do we make money like an ATM machine, but it's automatic, like an ATM machine. It doesn't look like work after a while because we have this thing 90% automated. So that is actually a problem to teach children, like, a work ethic. Like, it doesn't. Just, like, you had to do something in the beginning.

Mark, there's another problem. And Scott talks about like, oh, look, I just sold this for cash. And, you know, a couple years ago, I was renovating my kitchen, and we got a quote from the contractor, and he came over and said, hey, your kitchen's going to cost X. And we looked at it. It's a lot of money. And I thought, yeah, well, it needs it. It's time. Okay, let's do it. And I said to him, when are you going to start? He's like, well, due to the timeline, it's probably going to be like, you know, 2 and 2 and a half months. And I was like, challenge accepted. And so I went into my office and I just hustled for, like, two and a half months. I flipped property, I sold stuff for cash. And when the contractor came to collect the down payment or the deposit, I said, payment in full.

Boom.

And my wife looked at me like, what the. What have you been doing? I was like, I've been working. I've been working hard. Working real hard. And she's like, you just made that money over the course of two months? I'm like, yeah, pretty much feeling all good. Kitchen paid for. And she's like, well, how often can you do this? It's like, whoa, whoa, whoa, whoa, whoa, honey. Like, I had to work pretty dang hard for this. Like, she's like. With the backyard, the bathroom, it's like, pump the brakes here. This is like a. This is a rare thing. Tate doesn't like to work that hard. I had to work on Fridays to make this money. Not something I'm trying to make a habit of. You gotta be careful, Scott, because, you know.

Well, you know. Yeah, you gotta be careful of Etsy. Cause that's where Etsy comes in, right? Like, no, no. Man's dream website, Etsy. Like, it's. It brings fear to every man out there.

Yeah, for sure. It's. So before we go to. Of all people this week, Scott Todd, for the tip of the Week, I just want to remind the listeners that today's podcast is sponsored by flight school. And if you want to build your own ATM machine, yes, you can invest in ATM machines, maybe make 20 to 30% on your money, which is fantastic. Or you can build your own ATM machine that every month will spit out cash at a 300 to 1,000% return. And obviously, you need to start with very little capital. $2,000. $3,000. 5,000. Scott Todd, recommend having less $500. The only way you're going to learn more about 16 weeks of going up that land, investing mountain quickly, safely, efficiently with Scott Todd as your Sherpa, is if you get on a call, a free strategy call with dude buddy, the nightcap OG Scott Bossman, and the zen master, wicked smart Mike Zano. Just go to Langeek.com training and schedule that call. Scott Todd, tip of the week. What do you got?

Okay. All right.

Do you know what the biggest. The biggest lie ever that we all tell. You know what it is?

Anybody?

Can you guess what it is?

That Meanie Schmidt should always be doing the tip of the week every week on the roundtable.

We all tell this one lie. Like I bet you on a daily basis, okay, maybe not daily, but on a regular basis, we all tell this one lie. And here it is. You go to a website and you're registering for the website and they give you this book called the Terms of Service, right? And there's a little check mark on the bottom that says I have read the Terms of Service. And we know for a fact that, okay, maybe a small percentage have read it. Most everybody else, they're lying. They're like, yeah, I checked it. It's not true. It's not true. So check out my tip of the week this week, which is a website called to SDR.org it stands for terms of service did not read dot org. And what happens is you can either download a plugin or you can peruse like common websites and they will give you basically a summary of what it is that you're agreeing to or what they can do. For example, like YouTube, it tells you what they can and can't do, what you can and can't do, and how much of your data is protected. And then they give it a class rating, I think A through E.

You.

Can search for popular websites. You can even download the web browser which will help you to understand whether or not basically what you're agreeing to. It's not like we're going to do anything to change it. We're going to have to agree to it if we want to use the website. I don't know, might be something that you might be interested in looking at.

This is a really great Mimi esque tip.

Wow.

It's really great and useful and it's true. It's. I personally never read the Terms of Service for the most part. For the most part. If it's a real small company, I actually might. But bigger companies, I just don't.

Scott, that's such a great tip. Maybe you ought to do a tip of the week more often.

No, no, we'll leave that to you, Mimi. But what we could do though is we, we could go to the guy that doesn't really do tips of the Week more often. And that's, you guys know, it's, it's Mark, right? Like he, even on the regular podcast he, he's always giving the, the, the guest websites and then he's like picking on other people about like their, their suggestions like jot not pro or whatever. Yeah, I think it's time that we rotate and Mark just has to like level up. Level up.

Mark was kind of wah, wah, about my HubSpot sales blog. And then I noticed in the Facebook group he was touting an article from it.

Yeah, see, week before last, that's what he does.

Well, not to come to Mark's defense.

But we can't hear you, Mike. We can't hear you.

But he does, for instance, Rome research. Mark, insanely awesome. You put something in the group out there. So he does throw tips into the group routinely. I'd have to. I'm just saying.

Yeah, I don't know, Mike.

I do want to just say that if you would like me to do more tips, then let me know. In your review of the podcast, all you have to do is subscribe, rate, and review the podcast. Send us a screenshot of that review@supportthelandgeek.com and you can even put in the review. Love the podcast. Wish Mark would be doing more of the tips of the week because obviously Mimi's are great, but Scott Todd's are average. And we certainly don't want to go down the road of Eric's shot. Not pro. So leave us that and, you know, email it@supportlandgeek.com we're going to send you for free the $97 passive income launch kit course, as well as the new whole tailing course, how to double your money three days or less if you are not in the free land Geek official motivation wealth creation group. Thank you, Mike, because I do throw out wonderful tips at least once a week. So take that, Scott Todd. Put that in your pipe and smoke it.

You know, Mark, that. That roam research has sent me down a rabbit hole.

That's pretty cool, right?

Yeah, because then I read some.

I just.

I just sent that, all of you on voxer, a link to an article all about the whole idea of how our brains are shifting from how we read things. It's, it's. And if anybody's know what I'm talking about, Mark put in the group. It's Rome research. It's kind of. I don't know if we call it a mind mapping. It's kind of like Evernote on steroids.

Yeah, it's mind mapping in sort of a different way in the way that we think it's really cool. So are we ready to do this? We're good. One.

No, we're not good.

Two.

One, two, three. Let freedom bring. By the way, speaking of the. Of the motivation group, we did get people responding saying they love the bonus part of the podcast. So there you go. It's not.

Here we go.

So. Well, in the beginning of the podcast, I thought it was really interesting. I had some really good kind of funny lines to Mike Zano about his Microsoft Surface. And then Scott Todd chimed in with a great statistic.

Just a little thought. I've been thinking about this greatly and we get a lot of flack for being the Surface, like the Surface gang here. A lot of flack. But when you think about the numbers. Let's think about some numbers here. Let's do a deep dive into the numbers, Mark, because the numbers don't lie and I do believe in correlation. So here's what I noticed. Apple has a market share on the PC. Market share is about 33%. Okay. About a third of users are using Mac products today or Apple products today. So clearly Windows is the platform that's used by most people. Additionally, what I also found interesting from our conversation last week is that a third of the people. I think this was quoted by Ted. He said a third of the people like to push the recline button and recline. Is it a coincidence that they might be the same people, the Mac users or the recliners and the Windows users are the compassionate, respectful people who love fellow man Scott?

I don't know about that, but it does tell me one thing. Eric reclines. I knew it. I knew he was a recliner. I knew he was embarrassed. I knew he was afraid to come to my aid because he was afraid of getting cyberbullied on the Facebook. That's what it comes down to.

I think what it does show, though, is there has been some rumors that said that you had a Surface. So clearly you don't.

No, absolutely not.

You know what happens when someone reclines?

I like overpaying for my computers.

They're on the plane, they recline and they take away my traditional what be for a Mac's computer space. I just take off the keyboard, I reach back, I reach around and say, excuse me, I have an extra pillow. Would you like it? And I, you know, it's just a very casual. No problem. Really, very compassionate.

Yeah. You know what this is? This is literally like. I don't know if you guys watch on HBO, but there's been 10 seasons of it. And literally this could be an episode of Curb youb Enthusiasm.

It could be.

Yeah. Because you would know Larry David would be irate that someone would be in his. In his.

He would.

On an airplane.

No, he would be Tate's position.

Recline.

He would.

I don't think. He's not a recliner, I can tell you because I've seen Enough episodes. Because he really is sort of this, the unwritten rule follower. For example, if you're a guest in someone's house, you tiptoe. You tiptoe, right? You're just. There's just this thing, like, you just, you know, you don't open the fridge, you ask permission. You don't just go into the pantry. Now, there's obviously just like reclining. There's no sign that says you should tiptoe, but you do it.

Okay to open the medicine cabinet if you had a headache.

No, no, you tiptoe in someone else's house, you don't open their cabinets.

You don't.

Especially at the medicine cabinet.

If you can go to the bathroom. Like, where's the restroom?

Yeah. Eric, have you had any guests in the new house yet?

Yeah, we've had some guests.

And how were they?

I think everybody was good so far.

Did they behave to Mark's standard?

Except my father in law doesn't like to take off his shoes in the house.

That's the same thing as reclining. If the rule is, you know, we take our shoes off and they refuse to do it, I would send them to Vegas. Like, I got the perfect house to go to, too.

I'm a pair.

You don't take our shoes off. I take my shoes off and I step into house shoes.

Yeah. So that's fine. They come to your house.

I mean, I'm not gonna tell my guests. I think it's part of being a good host, too, though. Like, you want to wear your shoes.

Oh, come on now. You think being a good host is letting somebody from the outside world stomp around in your home?

I'm not saying.

No. Come on, man. Being a good host is like, can I get you something to drink? Or can I get something to eat? Not stomp around with your muddy shoes in my house.

Desert.

Mark, if that's.

There's never been mud in your house.

If that's the household rule that you need to take off your shoes as a host, like, maybe tell me in advance so I can make sure I'm wearing some socks and then I'm not walking around your house, like, barefooted, Like, I don't know. That seems a little creepy to me.

Like, Zano, what do you think? Let's just go around. This is a roundtable topic. Shoes or no shoes in the Zano home?

I think that you should not wear shoes in somebody else else's house. And I think it shows that Scott Todd's lifestyle that he doesn't wear socks. He's so laid back. He's just on the beach.

I do wear socks. I do wear socks. Most of the time I do wear socks. But I did go to someone house and I didn't wear socks that day. And then like, they're like, oh, please take off your shoes. And I'm like, ain't gonna happen. Give me some wipes.

Someone like me would bring their own booties. No problem. I've got land booties.

Or maybe you as the host should offer booties.

Right, exactly, exactly. Scott Bossman, what about you?

It's winter in Wisconsin. There are no shoes in the house. And the boys try going through the house with shoes. It does not go over well. So we all make it a habit of taking our shoes off at the door. And we have a little shoe shelf that everybody puts their shoes on and stays nicely organized for my wife because it gives her anxiety if it's not organized. So there we go.

That makes sense.

Okay. And let's say that someone didn't want to follow that rule.

So it depends on the person, I guess.

Scott Todd doesn't want to follow that rule.

What if you're gonna have a dinner party? Like, what if you're gonna have a dinner party or something? That's different, you know, entertain people. Then it's different. Right, right.

It's different if you have 50 people in your house and you've got women wearing thigh high boots and, you know, and heels and things like that that are hard to get on and off. Right. So those one time events. Yeah, but every day. We used to live in Japan, so we never wore shoes inside. Even in the restaurants, you take your shoes off and then you walk onto the platform where you eat. In Japan. I know, yeah. We have a landing zone right through there where everyone comes in and puts their shoes before they go and all the rest of their stuff before they go upstairs. And for guests that come frequently, like the grandparents, they have their own pair of indoor shoes or Crocs that they can put, take their shoes off and put on. Have an indoor pair.

Yeah, I mean, Tate is just the house of chaos, so we know where he stands.

No, no, no. I'm not saying you, you can wear your shoes in my house. I'm just saying.

I thought you just said you could. You could.

Well, if you, if you are inclined, like the, the house standard is like, you come in, we take our shoes off. But if my mom walks in and she's like, I'm not taking my shoes off, it's like, I'm sorry. I'm not going to tell the woman who birthed me that she has to take her shoes off.

Yeah, that's understandable.

I mean, I know you take your shoes off on the airplane to Tate. That's.

How about that picture I sent you? The guy barefoot in the airport. We're, like, very clean people. Like, yes, we're very clean, but, I mean, some people, they just get away with it.

I've been known to pack slippers when I go to friends houses, just to.

Pull them out and put them on.

In a little bag. People love it.

It's courteous. It's courteous.

I assume that Scott Todd's probably not getting many house guests simply based on, you know, being a Surface owner and, you know, maybe having, like, a little Microsoft Surface logo on the door. Like, that would be. That's almost like. Like no soliciting sign, if you will. Is it?

I mean, I connect with, like, I connect with the majority of the American population. I'm just saying.

Right. Whom are in despair and lonely.

Listen, all I know. Let me just tell you this. All I know is, is that when you guys and your. And your. All your visitors come to your houses and everything, and you get the coronavirus, and I'm all alone.

Coronavirus is from weird animals.

I don't mean bats.

Just saying, when you're interacting with people at your houses, just remember the coronavirus, you don't know. You don't know. So just don't interact with anybody.

So you make everybody step in a. Like a. A big pool of bleach before they come bleaching.

First we're gonna wipe them down, and.

Then, you know, then they go into the Lysol room.

Lysol.

Rub their breath and get stamination.

Free zone.

Yeah, contamination.

Yeah, we don't do that.

Okay, so am I the only one on the. On the podcast that listens to or watches Curb?

I do.

I watch it.

No, I watch it.

Yeah. Yeah, I did.

Like the season or the episode one of season ten where he's like. People are wishing him Happy New Year's. He's like, you can't do that.

It's too late. Too late.

No, it's not too late.

Yeah, yeah.

That was weeks ago.

Yeah.

I heard him interviewed, and he's like. Because he's playing a character, he's like. And then he actually, in real life said something to hurt someone's feelings. He's like, it's not me, it's my character. Yeah, yeah, yeah. Someone showed him a picture of their dog. He's like, eh, it's a dog.

Ouch.

Right? Which, yeah. So. All right, well, Eric Peterson, thank you for being on the podcast and a fellow Mac user. Tate Litchfield, thank you for being on the roundtable and a fellow Mac user. Scott Bossman, thank you so much for being on the roundtable and a fellow Mac user. Everyone else, have a great day on the podcast.

I really appreciate that.

Yeah, Mike, Mimi, you know, it's okay. It's all right. There. And lies prove right there. Mike, Mike. He just proved the point. PC users are more compassionate than Mac users. He just proved it. See, we love each other. We're the machine of love, by the way.

One more. One more, Scott. And we have the majority. One more.

But until then, you're still the minority.

Look, Tate's on the fence. I know. I know things this for a while. I've seen him use the Surface. True story, I've seen him use the Surface and it hasn't gone well.

Just off the table and kick it.

Just out of here. Yeah. I mean, literally, for me, just out of fear of a drone. Thank you, Mimi, for being on the Roundtable podcast. Mike and Scott, I hope you guys have a virus free day. Thanks so much.

I've been for over a year, man. A year and a half since I got the Surface. Not like the Mac.

That. That you know about.

Oh, no, it's good.

I'm.

I'm locked down.

I can see. I can see Tate late at night before he goes to bed. He goes, opens a special draw, unwraps it, and looks at the surface.

Oh, my God, look at this.

Look at this.

Wraps it back up.

See you later, guys.

All right, let's go do some deals. See you guys.

Thanks for listening to the Art of Passive Income podcast.

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