Mike interviews Rob Chiang.
In a world where flashy Instagram posts and bathtub photos overflowing with cash seem to dominate the narrative around wealth, Rob Chiang brings a refreshing perspective to the table. In this podcast episode, Rob sat down with the author of “7 Step Blueprint to Passive Wealth: Property Management Made Simple” to dive deep into the real essence of financial success.
Rob Chiang shares a common belief with many successful investors: money is a tool, not a status symbol. Instead of focusing on ostentatious displays of wealth, they advocate for using money to make a meaningful impact in people’s lives. From donating to charities to freeing children from slavery, they emphasize the power of money to bring about positive change.
One key takeaway from their conversation is the importance of viewing real estate as a vehicle for generating cash flow, not just accumulating equity. Drawing inspiration from Robert Kiyosaki’s Cashflow Quadrant, they stress prioritizing cash flow in real estate investments.
Rob shares his journey in the real estate game, highlighting the challenges of starting in an expensive market like the Bay Area. Despite facing setbacks, such as cash flowing negatively on their first property, Rob and his team persevered and learned valuable lessons.
The discussion touches on the mindset shift needed to transition from a homeowner’s mentality to an investor’s mentality. Rob admits to getting emotionally attached to their properties, which leads to financial losses. However, they stress the importance of learning from these mistakes and making decisions based on financial prudence rather than emotion.
One practical tip they offer is to keep property renovations simple and standardized. Property owners can streamline the renovation process and minimize costs by sticking to a consistent colour scheme and using durable materials. This approach saves money and ensures consistency across properties, making management more efficient.
Rob illuminates the role of property managers and the industry’s common pitfalls. He emphasizes the importance of having hands-on experience in remodelling and repairs, which allows property managers to make informed decisions and avoid unnecessary expenses.
Contrary to popular belief, Rob argues that property managers don’t necessarily need a contractor’s license. Instead, he advocates for focusing on practical skills and building trust with clients through transparent pricing and efficient service.
The conversation takes an unexpected turn as they discuss the role of social media in Rob’s journey. Despite initial skepticism, Rob succeeded on TikTok, becoming a micro-influencer and generating income through the platform. This serves as a reminder that opportunities for wealth creation can come from unexpected sources.
Rob’s discussion offers valuable insights into property management and wealth creation. By prioritizing cash flow, adopting a pragmatic approach to renovations, and leveraging social media, aspiring property managers can set themselves up for success in a competitive market.
Rob’s book, “7 Step Blueprint to Passive Wealth,” is a comprehensive guide for anyone looking to navigate the complexities of property management confidently. With practical advice and real-life examples, Rob empowers readers to take control of their financial future and build wealth through smart property investments.
Overall, the conversation is a testament to the power of knowledge, resilience, and strategic thinking in achieving financial success. Aspiring property managers and investors would do well to heed Rob’s advice and embark on their own journey to passive wealth.
Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.
Visit website for more information: https://www.milliondollarbookagency.com/
[{"id":2330,"link":"https:\/\/blog.milliondollarbookagency.com\/chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results\/","name":"chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Chris-Fenning.png","alt":""},"title":"Chris Fenning - Author of \"The First Minute: How to Start Conversations That Get Results\"","excerpt":"","content":"Mike interviews Chris Fenning. Most people fumble in the first few moments of communication. Whether it's a sales pitch, a business meeting, or just introducing","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 21, 2024","dateGMT":"2024-11-21 12:44:10","modifiedDate":"2024-11-21 12:44:13","modifiedDateGMT":"2024-11-21 12:44:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":43},"status":"publish"},{"id":2310,"link":"https:\/\/blog.milliondollarbookagency.com\/kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job\/","name":"kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Kenneth-Cloke.png","alt":""},"title":"Kenneth Cloke - Author of \"Resolving Conflicts at Work: Ten Strategies for Everyone on the Job\"","excerpt":"","content":"Mike interviews Kenneth Cloke. In any organization, conflict is inevitable. It\u2019s not the fact that problems come up that matters. It\u2019s how we choose to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 15, 2024","dateGMT":"2024-11-15 13:18:10","modifiedDate":"2024-11-15 13:18:13","modifiedDateGMT":"2024-11-15 13:18:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":33},"status":"publish"},{"id":2299,"link":"https:\/\/blog.milliondollarbookagency.com\/honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book\/","name":"honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/honoree-corder.png","alt":""},"title":"Honor\u00e9e Corder - Author of \"Your Book Means Business: Save Time, Make Money, and Dominate Your Industry with the Power of a Bespoke Book\"","excerpt":"","content":"Mike interviews Honor\u00e9e Corder. When Honor\u00e9e Corder stepped into this latest episode of Million Dollar Stories, sparks flew. You know, there are interviews, and then there","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 13, 2024","dateGMT":"2024-11-13 14:28:54","modifiedDate":"2024-11-13 14:42:04","modifiedDateGMT":"2024-11-13 14:42:04","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2290,"link":"https:\/\/blog.milliondollarbookagency.com\/frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world\/","name":"frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Frank-Somma.png","alt":""},"title":"Frank Somma - Author of \"B2B Is Really P2P: How to Win With High Touch in a High Tech World\"","excerpt":"","content":"Mike interviews Frank Somma. In a world buzzing with tech, automation, and algorithms, there\u2019s one question every business owner, sales professional, and entrepreneur needs to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 7, 2024","dateGMT":"2024-11-07 20:21:31","modifiedDate":"2024-11-07 20:21:34","modifiedDateGMT":"2024-11-07 20:21:34","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2268,"link":"https:\/\/blog.milliondollarbookagency.com\/agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business\/","name":"agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Agnesia-Agrella.png","alt":""},"title":"Agnesia Agrella - Author of \"Mind Your Own Business: Your Money Is Your Business!!!\"","excerpt":"","content":"Mike interviews Agnesia Agrella. In this episode of Million Dollar Stories, We sat down with Agnesia Agrella, a powerful force in the personal finance world","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 12:00:00","modifiedDate":"2024-11-02 15:27:47","modifiedDateGMT":"2024-11-02 15:27:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":32},"status":"publish"},{"id":2264,"link":"https:\/\/blog.milliondollarbookagency.com\/andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z\/","name":"andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Andrew-Sherman.png","alt":""},"title":"Andrew Sherman - Author of \"Mergers and Acquisitions from A to Z \"","excerpt":"","content":"Mike interviews Andrew Sherman. In this episode of Million Dollar Stories, We had the pleasure of speaking with Andrew Sherman, a seasoned expert in mergers","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:30:00","modifiedDate":"2024-11-05 17:12:47","modifiedDateGMT":"2024-11-05 17:12:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":28},"status":"publish"},{"id":2261,"link":"https:\/\/blog.milliondollarbookagency.com\/brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states\/","name":"brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Brian-Domitrovic.png","alt":""},"title":"Brian Domitrovic - Author of \"Taxes Have Consequences: An Income Tax History of the United States\"","excerpt":"","content":"Mike interviews Brian Domitrovic. In this episode of Million Dollar Stories, Brian Domitrovic, a distinguished historian and co-author of the eye-opening book Taxes Have Consequences:","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:25:00","modifiedDate":"2024-11-01 16:26:49","modifiedDateGMT":"2024-11-01 16:26:49","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":25},"status":"publish"},{"id":2257,"link":"https:\/\/blog.milliondollarbookagency.com\/bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy\/","name":"bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Bradley-Birkenfeld.png","alt":""},"title":"Bradley Birkenfeld - Author of \"Lucifer\u2019s Banker Uncensored: The Untold Story of How I Destroyed Swiss Bank Secrecy\"","excerpt":"","content":"Mike interviews Bradley Birkenfeld. In this episode of\u00a0Million Dollar Stories, We had the privilege of speaking with Bradley Birkenfeld, the whistleblower who took on the","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:42:47","modifiedDate":"2024-11-01 15:42:50","modifiedDateGMT":"2024-11-01 15:42:50","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":54},"status":"publish"},{"id":2254,"link":"https:\/\/blog.milliondollarbookagency.com\/doug-collins-author-of-the-home-based-business-guide-to-write-off-almost-anything-youll-keep-more-money-once-you-know-these-tax-secrets\/","name":"doug-collins-author-of-the-home-based-business-guide-to-write-off-almost-anything-youll-keep-more-money-once-you-know-these-tax-secrets","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Doug-Collins.png","alt":""},"title":"Doug Collins - Author of \"The Home-Based Business Guide to Write Off Almost Anything: You'll Keep More Money Once You Know These Tax Secrets\"","excerpt":"","content":"Mike interviews Doug Collins. If you're hustling to build your empire, you know every dollar counts. In this week\u2019s episode of Million Dollar Stories, I","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:22:42","modifiedDate":"2024-11-02 15:36:17","modifiedDateGMT":"2024-11-02 15:36:17","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":39},"status":"publish"},{"id":2251,"link":"https:\/\/blog.milliondollarbookagency.com\/joseph-gulesserian-author-of-the-practical-m-b-a-on-economics-what-they-do-dont-teach-you-at-business-school\/","name":"joseph-gulesserian-author-of-the-practical-m-b-a-on-economics-what-they-do-dont-teach-you-at-business-school","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Joseph-Gulesserian.png","alt":""},"title":"Joseph Gulesserian - Author of \"The Practical M.B.A. on Economics: What They Do & Don\u2019t Teach You at Business School\"","excerpt":"","content":"Mike interviews Joseph Gulesserian. In this episode of Million Dollar Stories, We had the privilege of sitting down with Joseph Gulesserian, the man behind The","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:12:29","modifiedDate":"2024-11-01 15:12:32","modifiedDateGMT":"2024-11-01 15:12:32","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":34},"status":"publish"},{"id":2241,"link":"https:\/\/blog.milliondollarbookagency.com\/dr-kelly-waltman-author-of-elevate-connection-cultivate-an-engaged-inspired-productive-and-profitable-team-culture\/","name":"dr-kelly-waltman-author-of-elevate-connection-cultivate-an-engaged-inspired-productive-and-profitable-team-culture","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/Dr.-Kelly-Waltman.png","alt":""},"title":"Dr. Kelly Waltman - Author of \"Elevate Connection: Cultivate an Engaged, Inspired, Productive, and Profitable Team Culture\"","excerpt":"","content":"Mike interviews Dr. Kelly Waltman. On this latest episode of Million Dollar Stories, Dr. Kelly Waltman joined the conversation to share insights from her book,","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 30, 2024","dateGMT":"2024-10-30 11:31:00","modifiedDate":"2024-11-01 14:18:10","modifiedDateGMT":"2024-11-01 14:18:10","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":56},"status":"publish"},{"id":2220,"link":"https:\/\/blog.milliondollarbookagency.com\/robert-mazur-author-of-the-infiltrator-my-secret-life-inside-the-dirty-banks-behind-pablo-escobars-medellin-cartel\/","name":"robert-mazur-author-of-the-infiltrator-my-secret-life-inside-the-dirty-banks-behind-pablo-escobars-medellin-cartel","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/robert-mazur.png","alt":""},"title":"Robert Mazur - Author of \"The Infiltrator: My Secret Life Inside the Dirty Banks Behind Pablo Escobar's Medellin Cartel\"","excerpt":"","content":"Mike interviews Robert Mazur. In the labyrinthine world of organized crime, where corruption and collusion reign, few have ventured as deep as Robert Mazur. As","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 24, 2024","dateGMT":"2024-10-24 10:50:00","modifiedDate":"2024-11-01 14:19:30","modifiedDateGMT":"2024-11-01 14:19:30","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":27},"status":"publish"}]
