On this episode of The Investing For Freedom Podcast, Mike discusses the fastest way to ignite change. Mike expresses how changing your physical and/or digital environmental can be so impactful on your mindset and can encourage habit and routine change which will enhance your quality of life. Mike also shares how he has created a new manufactured housing portfolio so make sure to text the word ‘INVESTORS’ to 4805317519 to speak to Mike about this passive income opportunity if you are an accredited investor!
HIGHLIGHTS:
0:00 – Intro
0:39 – Mike states that self-help is a big business because so many people are unhappy about themselves or their lives
0:52 – Mike expresses how the quickest way to ignite change it to change your environment
1:38 – Mike explains how though his own experience he has found that the fastest way to change has nothing to do with acquiring information but changing your environment
2:12 – Mike states that if you don’t change your environment then you’re making it harder on yourself to break out of the routines that hold you back
2:30 – Mike explains how change of environment doesn’t have to mean a change in your physical environment, in this modern age it can be changing your digital environment
4:26 – Mike speaks about how savvy investors realized early on that the way to beat the common road blocks of investing such as knowledge, capital and rime was to automating their investments by leveraging the expertise of others
4:51 – Mike states that if you want to change your financial path, then change your environment
5:02 – Mike states that automation is why wealthy investors gravity towards passive investments
6:13 – Mike explains how the only way to create the change you need is to change your environment and get around other people and information and just become a better investor
6:28 – If you’re an accredited investor who is interested in the manufactured housing space text the word ‘INVESTORS’ to 4805317519 to speak to Mike about creating passive income around his new manufactured housing portfolio
TRANSCRIPTION:
Are you looking for freedom, freedom from the daily grind and hustle, or just finding a way to live the life you always wanted. Then join us on the investing for freedom podcast. Our host Mike Ayala will help you discover new ways to find freedom. With tips, insights, and interviews you’ll learn the exact systems he’s used to travel the world and live his best life. True success and happiness are all about freedom. And here’s your roadmap on how to find freedom on your own terms. Welcome to the investing for freedom podcast. Here’s your host, Mike Ayala.
Thank you for joining me on the investing for freedom podcast. Today, we’re going to discuss the fastest way to ignite change.
Self-Help is a big business because how many people are unhappy about one thing or another about themselves or their lives. In the self-help industry, There’s often a lot of talk about willpower and changing habits and changing the way we think as ways to spark change. Lost in all of this is the one thing that will ignite change the quickest, changing your environment.
How many people have you known who always talk about the need to eat healthier and get in shape, but never get around to it?
How many other people have you known who finally get off their butts to get into shape and eat healthier because they experience a life changing crisis.
I bet it’s easier to be motivated from a hospital bed than an easy chair, watching TV and eating Cheetos.
Instead of waiting for a heart attack to compel change, simple changes to the environment could be equally effective in motivating you, to change the habits.
Maybe you can get rid of the easy chair, TV, or Cheetos or eliminate whatever it is that’s keeping you from changing your environment.
I travel a lot and I enjoy mastermind groups. So do a lot of people, obviously.
I’m a big proponent of adopting the right mindset to propel change. But I have found that the fastest way to change your mindset has nothing to do with acquiring information or changing habits or willpower. I have found that the fastest way to ignite change is to change your environment.
As I alluded to many people enjoy being part of mastermind groups, but attending functions is as far as many of these people go to change their financial situations. Instead of leveraging all of the knowledge they gain from these interactions, they continue on their unsatisfactory financial paths.
Instead of taking advantage of alternative investment opportunities, they go back to their unproductive day trading activities on Robin hood.
If you don’t change your environment, you’re making it harder on yourself to break out of the routines that hold you back. A change of environment Can do you some good, for example, moving to another city, I just moved to Austin. It can propel change for the better, interacting with new people and environments can push you out of your comfort zone and even open up new opportunities.
In the modern age of change of environment doesn’t necessarily mean a change in physical environment. You don’t have to move to another city. We all spend so much time in cyber space with our digital environments, That just as important as our physical ones to change. So a change in your digital environment can be just as effective in igniting change as changing the physical environment.
Many people are discovering little techniques to change their environments, to propel change. These techniques often have to do with making undesirable habits, less convenient and more desirable habits automated.
For example, if you’re unhappy with your investment portfolio, what can you do to take away the convenience of the way you invest? Why is Robin hood so popular? Because it’s convenient and free to trade.
If you’re heavily allocated to stocks and crypto and want to change, cut the cord. If you’re like many investors who are constantly checking your Robin hood app, delete the app from your phone, stop following all of those investment blogs and gurus on social media. Get rid of your Reddit app on mobile and bookmarks on your desktop.
If you have a 401k, stop the automatic contributions, stop the conveniences that make it easy for you to invest in unprofitable assets like stocks and crypto.
Those who have achieved financial independence were once in your shoes. How did they change their financial paths? Like how often do you actually hear somebody say I got very wealthy in the stock market. It happens, but if you talk to a thousand people, maybe one to five. First, they changed their environments. They stopped watching CNBC, checking financial sites and social media accounts, heavily biased towards wall street. Instead they started following sites, blogs, and groups, heavily allocated to alternative investments. Groups like Tiger 21 and in their physical environments, they started hanging out and socializing with successful local investors and groups. Successful investors first changed their environments. They eliminated any excuses from investing in alternatives, by removing roadblocks.
For many investors looking to get into alternatives like commercial real estate and private equity, knowledge, capital, and time are often the major roadblocks cited for not investing in these assets.
Savvy investors learned early on in their alternative investing careers that these roadblocks could be eliminated by automating their investments by leveraging the expertise of others. By passively investing with an investment partner, the knowledge, time, and capital road are eliminated by relying on someone else, making investments in alternatives, much easier and more convenient.
You’ve heard that alternatives are the path to wealth, but you’re stuck in the vicious cycle of stocks and crypto. Do you want to change your financial path? Change your environment, make the unproductive assets like stocks and crypto less convenient, and the productive assets like private investments automated. Automation is why ultra-wealthy investors gravitate towards passive investments. Letting an expert steer the boat is the quickest way to ignite financial change because it eliminates the excuses.
Think of your diet. Isn’t it easier to lose weight if you remove the soda and cupcakes from your home?
You know, even just, I’ll wrap up with this, but you know, even just back to the conversation around going to masterminds and, you know, groups, a lot of that different groups, different events, a lot of that is about, you know, mindset change and changing your environment and getting around better people. But also it’s about meeting other operators you know, people that are investing in other things that I can invest in.
I used to be the guy that would just, you know, pour everything into my own businesses, but Kara and I have, you know, decided over the last couple years that we wanted to start investing in other people’s deals. And, you know, one of my best friends in the world Cody Bjugan, well, two of them actually Cody Bjugan and, and Damion Lupo, they teamed up on an investment recently that we, you know, put a hundred thousand dollars into and it just makes sense to start you know, spreading that out.
And so back to the point that I made you know, around Robin hood and traditional investments, you got to diversify that. And the only way to really create that change is to change your environment, get around other people, get around other information and just become a better investor. So hope that helps. If you’re interested and you’re an accredited investor. If you’re interested in the manufactured housing space, we’ve got a portfolio that we’re getting ready to launch. We’ve consolidated all of our assets into one place. And it’s looking pretty good in the future for affordable housing. So if you’re interested in chatting with me about a passive vestment, and you’re an accredited investor, text the word investors to 480-5317-519, and we can have a chat. Go out there and make it great.
If you’ve found value in this episode, and, you know someone who’s wanting to start or move further along in their journey toward investing for freedom, I would be forever grateful if you would share this show with them and help me get this message out to more listeners. Also, if you enjoy what you’ve heard, I would appreciate it if you take 30 seconds and leave me a five star review and share this with your friends and until the next episode, cheers to moving further along in your journey of investing for freedom.
