The Passive Income Guide

Dustin Heiner - Master Passive Income





On the Game of Entrepreneurship: "I love building businesses. One of my favorite things, like it's a game. So I just keep trying to do better at that game."

Passive income seems to be one of the most underrated ways to fulfill your dreams.  Maybe that seems like a stretch, but it has been proven again and again.

There are a few tricks to mastering passive income: 1) Realize it takes time- it is a get rich slow game, 2) Many others have done it and many of them share how they did it, and 3) Just about anyone can do this.

Dustin Heiner joins us for the second time to discuss how he has created his passive income dynasty and how he shares his wisdom with other investors.  The hardest part about anything, investing included, is just getting started.  Dustin explains how he shifted his mindset to get out of the job world and move into the, ironically, more stable real estate investment world.

Listen as Dustin explains the steps for starting your passive income journey, how to start small and build upon your success.  The goal is that one day in the future, think 10ish years, you will not have to work.  You'll still want to, for the love of the game.

Enjoy!

Visit Dustin at: https://masterpassiveincome.com/





 







 



Podcast Overview:



00:00 Traditional Career Path Critique

05:08 Awaiting News: Anxiety in Office

12:20 Avoid Property Management Pitfalls

18:26 "Understanding Financial Independence How-Tos"

22:23 "Slow Hiring, Fast Firing Strategy"

27:01 Understanding Property Financing Options

33:58 "1% Rent Rule for Purchases"

41:40 Real Estate Tax Strategy Insights

47:13 Real Estate: Unlocking Business Benefits

48:30 Out-of-State Real Estate Investing

56:54 "Free Real Estate Investment Course"

58:58 "Debt-Free Investing Foundations"

01:04:49 Supporting Others' Success



Podcast Transcription:



Dustin Heiner [00:00:00]:

I get a call from the boss's bosses, boss's secretary, like top dog. And she says, Dustin, would you please come in the office? And I paused for a second. Sure. I hung up the phone. I said to myself, why are they calling me the office? Like this isn't normal. If I get laid off, does that make me a failure as a father? The last time I walked to my car, I felt like I was walking on clouds because I knew I would never ever need a job again. If you build the business first, then you have the experts that are doing it as opposed to you hoping that you're doing it right. Especially if you're investing out of state.



Dustin Heiner [00:00:27]:

Anybody that you hear, let's say Instagram or TikTok, the people that have been around since 2020, 2022, they started, oh, I bought three properties and I'm a millionaire, blah blah blah. I've now taught my 16 year old daughter to buy her first property. So she bought her first property three months ago. It's an active loss for you, so you can depreciate. $100,000 is what I did. Everything around real estate, I figure, well, shoot, what else can we do? Well, people need homeowners insurance, maybe I might go down that route. Do you mind if I just give everybody my course for free?



James Kademan [00:00:54]:

You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumphant successes of business owners across the land. Downloadable audio episodes can be found in the podcast link found at https://drawincustomers.com. We are locally underwritten by the Bank of Sun Prairie Calls On Call Extraordinary Answering Service as well as the Bold Business Book. And today we are welcoming slash preparing to learn from Du...