Episode 3: The 70-20-10 Rule for investing with Lane Kawaoka

More on YouTube? Visit here: https://www.youtube.com/watch?v=IZn_IQjPgts Who is Lane Kawaoka?LANE KAWAOKA has been investing for over a decade and now controls 4,800+ units. As the owner of CrowdfundAloha.com, SimplePassiveCashflow.com, and ReiAloha.com, Lane handles finding investment opportunities, analysis, and marketing. Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. Also,  to an analytical engineering background, Lane has real-world experience in working as a project manager for over $250 million dollars of capital construction projects in both the public and private sectors. Working as a high-paid professional in Corporate America and frustrated by the traditional wealth-building dogma, Lane was compelled to inspire and mentor other working professionals via his Top-50 Investing podcast at SimplePassiveCashflow.com.Strategies:Why did Lane start with Turnkey investing? Rather than flipping, syndications, etc.Average joes like Lane and Axel developed a disciplined lifestyle in the beginning. It helped them improve their portfolioFind a community, a tribe with like-minded people, and mentors to help you move forward in your investing journey despite all the noise (disapproval, confusion, discouragements, and etc.).How does the 80-20 work in rental investment strategy?Quotes:Don’t spend $11 while ONLY earning $10!Do you like to increase your freedom, and have the ability to make your own decisions?What does it take and what are you doing to increase/reach your freedom?Are you willing to take steps X, Y, and Z laid up for you by mentors, teachers, or gurus? If not, what better plans do you have?Investor Q&A Round:Q: What’s your favorite book?A: I would read mail and The Real Estate Investor by Gary Keller, but I'm not a book guy. Do you know the 70- 20- 10 rule? 10% reading books and [listening to] podcasts. 20% comes from working with other people- what you get from others, like your community or a mentor. And the 70% is getting out there and doing it! Q: Who do you look up to?A: Those nameless, multi-millionaire eight-figure investors out there, I just need to look for them. Q: If you had a time machine, where would you go and what time would that be? A: When I paid off my debt, because I had some extra money, like 20, 30 grand lying around.What an idiot I was back then! Sophisticated investors pay more, pay attention to their net worth, cash flow, and debt amount with the interest rate. Enjoyed this episode? Don't hesitate to give a review here. :)Say hi to Lane at www.simplepassivecashflow.com and avail his free Passive Investor eCourse!Start taking action right NOW!Goal-setting the right way! Hesitant to make the first step towards real estate investing? Axel learned the hard way- but you DON’T Any questions?*** Start taking action right NOW! 🔥 Need help creating LLC in the US https://cutt.ly/nrDZVnHu 🔥 Ask all your real estate questions 1-on-1 https://cutt.ly/FrDZMefv 🔥 Guide to owning SFH investment within one year #onehomeatatime https://cutt.ly/rrDZ9Rh1 Get full access to IdealWealthGrower™ at idealwealthgrower.substack.com/subscribe