The Cashflow Ninja himself, M.C. Laubscher, joins True Multifamily to talk about all the ways he cashflows and the ways he teaches other people to cash flow. M.C. is passionate about helping producers and creators create, protect, and multiply their wealth and achieve financial freedom.

Being a former sports league player, M.C. initially had the mindset that there was no life after sports. But reading Robert Kiyosaki's Rich Dad Poor Dad totally changed his context of how he viewed money, wealth, and investing. He then bought his first rental property and the rest is history!

M.C. is the creator and the host of the popular and top-rated business and investing podcast, Cashflow Ninja and a brand new podcast, Cashflow Investing Secrets. M.C. is also the President of Producers Wealth, a wealth creation firm helping clients in 50 states implement holistic wealth creation strategies.

Here are some power takeaways from today’s conversation:

- His transition from sports to investing

- A mindset shift from scarcity to abundance

- Growing partnerships and relationships

- Strategies for building your platform

- Creating the 21 Best Cashflow Niches book

- A breakdown of the aligned cashflow strategy

- Doing a human capital statement

Episode Highlights:

Ways to Build Your Wealth

Shift your mindset from scarcity to abundance. When you know you can’t compete with the big people in your niche, find the right people in the right asset classes. Partner with them to get access to the best deals. Otherwise, if you’re going to compete with them, you're never going to be able to participate in those deals.

Diversify. Look to other asset classes such as agriculture to expand your cash flow portfolio. There are so many different ways people are creating wealth and there are certain strategies, frameworks, and models that can be applied to many different asset classes and niches. And there's no one way to do it.

Growing Partnerships and Relationships

Figure out what people are working on or looking for and how you can help them. Ask them what they're excited about. Then you can now step back to figure out how you can add value to them and help them achieve their objectives and outcomes. Now, just because you don't have necessarily real estate knowledge, there might be a different skill set or different capability that you can bring to them

Aligned Cashflow Strategy

Cash creation
Cash capture (the piece a lot of people miss!) - positioning capital effectively and efficiently
Cashflow creation- collateralizing and deploying it into assets that's producing more capital for you and cash flows such as real estate, and get you great tax benefits
Protection through asset protection and estate planning

Create a Human Capital Statement

A human capital statement is where you look at yourself as an asset as well as your skill sets, your relationships, your capabilities. Because even if they take away every single cent you have but you have those, you'll make it back much quicker. And so, learn a skill and figure out how you could use your skills to then create value for folks in the marketplace.

Resources Mentioned:

Cashflow Ninja

Cashflow Investing Secrets

The 21 Best Cashflow Niches Book

Producers Wealth

Robert Kiyosaki's Rich Dad Poor Dad

E32: Shannon Ludlow - He details his criteria for evaluating a Syndication GP Team!

True MultifamilyBy Justin FraserAug 31, 2020