Latest / The Inner Wealth Podcast / Ep138. From Broke to Wealth: Josh Wilson's Journey from Survival Mode to Creation and Impact.
Transcript
- 0:00Speaker 1: Hey guys, today I got a very, very special guest and you know, if you look at this podcast, if you look at the episodes, I don't do very many interviews.
- 0:07Speaker 1: I do interviews with people that I feel have an extraordinary message, an extraordinary journey and are living an extraordinary life.
- 0:16Speaker 1: Today I'm going to introduce you to my very, very good friend, joshua Wilson.
- 0:21Speaker 1: Now, josh is a New Orleans guy.
- 0:24Speaker 1: He and I met some time ago.
- 0:27Speaker 1: I've done work in his mastermind he's part of the Interwealth Mastermind but this guy is his heart, his service, his impact.
- 0:38Speaker 1: He is wealth.
- 0:40Speaker 1: I've watched him build a massive real estate empire.
- 0:44Speaker 1: I've watched him sell off most of that empire and get into business acquisitions and now he's gobbling up businesses, building a portfolio and a brand around business acquisition.
- 0:58Speaker 1: He owns, he's a CEO and owner of a business called JW Global Enterprises and this guy is the real deal.
- 1:08Speaker 1: He is full of knowledge and insight and wisdom and he's just he's heart.
- 1:14Speaker 1: I love this guy.
- 1:15Speaker 1: This interview we're going to dive into his journey, his experiences and how he's kind of like taking a fast lane in the business acquisitions to fund and fuel his financial freedom.
- 1:31Speaker 1: So I know you're going to enjoy Josh as much as I do, and I'm excited for you to hear what he has to say.
- 1:42Speaker 1: You ever wake up feeling like there's something missing in your life.
- 1:44Speaker 1: You ever feel the need to escape your business.
- 1:47Speaker 1: Are you running your life or is your life running you?
- 1:49Speaker 1: I'm Mike Gitko and I'll help you design and create a life so authentic and aligned with who you really are.
- 1:55Speaker 1: You'll get excited just to wake up.
- 1:56Speaker 1: I'll help you create real wealth, success and freedom from the inside out.
- 2:00Speaker 1: Welcome to the Interwealth podcast, where we learn and choose to live inspired each and every day.
- 2:14Speaker 1: I'm going to give this guy a little soft introduction.
- 2:17Speaker 1: I'm going to let him introduce himself, but this guy is, let me just say he's my homeboy.
- 2:23Speaker 1: There have been three golden goose in my life, and what I mean by golden goose?
- 2:29Speaker 1: It's somebody that comes into your life and they drop gold into your lap because of who they are and the value they see in you, and that you're just sharing life together and you just support each other and encourage each other and lift each other up and Josh is that for me and we came.
- 2:48Speaker 1: Our relationship started off like interesting that we didn't know each other but we, like, fell into each other's lives and we've stayed connected and bonded.
- 2:57Speaker 1: This guy is a life changer.
- 2:59Speaker 1: So for a lot of people, this guy has made a lot of people millionaires and this guy has financially successfully changed the trajectory and the course of many, many people's lives that he came in contact with and he's also helped people create lots of my favorite word freedom in their life.
- 3:21Speaker 1: But this guy is also he loves hard, he serves hard and he cares hard.
- 3:27Speaker 1: And this is listen.
- 3:27Speaker 1: This isn't just an interview for me, like with a discussion with somebody that's in and out of my life.
- 3:33Speaker 1: This is my discussion, a discussion with somebody that matters immensely to me.
- 3:38Speaker 1: This is my good friend, josh Wilson.
- 3:41Speaker 2: What's happening, man?
- 3:42Speaker 2: Oh God, that was a hell of an introduction.
- 3:44Speaker 2: I mean, damn, I don't even know if I don't even know how to follow that up.
- 3:47Speaker 2: Look, man, I'll tell you this.
- 3:51Speaker 2: You were talking about creating freedom for other people, creating millionaires, and that has to probably be.
- 4:00Speaker 2: The best part of my journey is the impact.
- 4:04Speaker 2: I mean you can make millions of dollars, you can buy a fancy house, you can have a nice car, you can go on exotic vacations, but at the end of the day, it's all fleeting right.
- 4:13Speaker 2: Being able to have that impact and help people, because we've all been in situations where your mindset is completely fucked up or you're down to dumps and you're just trying to figure out where to go next.
- 4:28Speaker 2: And we've all been there.
- 4:30Speaker 2: I've been there, even though I've had tremendous amount of success.
- 4:33Speaker 2: I've had many, many days and many, many times where we weren't able to turn the engine on in the morning and so being able to help those people and turn their lives around and sharing that impact and also, at the same time, many investors that we've been able to take their funds and be able to deploy it and give them some passive income, retire some people.
- 4:57Speaker 2: So that's really what's important to me and that's really what I love to do every single day, and I'm happy to be here with you to talk about our kind of lives together and our journey and where it got us and how we're here.
- 5:14Speaker 1: Yeah, and I'll share a little bit about my experience with you.
- 5:18Speaker 1: We went down, I flew down to Angie and I flew down to New Orleans and we attended Josh's workshop and his intensive.
- 5:26Speaker 1: But the thing that struck me the most is we went down one time and you had opened up a coaching platform, a coaching container.
- 5:36Speaker 1: Then, the next time we went down, a couple months later, you brought people up on stage that had gone from zero to seven figures, and there were many of them, the working with you and the work that you've done.
- 5:47Speaker 1: But I do wanna back up for a second because when what I've learned, not just through you but working with people that are multimillionaires, is money opens up opportunities and money opens up experiences, but money doesn't create happiness, right, money just gives you opportunities to find what lights you up and what experiences and what adventures.
- 6:13Speaker 1: Can you talk about that a little bit?
- 6:16Speaker 2: That's 100% correct.
- 6:18Speaker 2: I hear people say all the time and I get it in my DMs, believe it or not, and I get it on comments it's like the haters.
- 6:25Speaker 2: It's like they see that I talk about money.
- 6:28Speaker 2: We're creating tremendous amount of wealth and I'm not afraid of it and I'm not gonna stand down to say that I wanna go and be broke.
- 6:36Speaker 2: I don't wanna be broke.
- 6:38Speaker 2: I've been broke and it sucks, and so the money has been able to provide me a fantastic life, but what it also has provided me is the opportunity to be able to, number one, I work on my health right Like I do, things that cost me a lot of fricking money.
- 6:54Speaker 2: So if I don't have the money, I can't take care of my body like I do today.
- 6:59Speaker 2: And so, and then also the biggest one, is the freedom, which is, like you said, having the funds, having the wealth, having the money provides me the freedom to make choices right.
- 7:11Speaker 2: So when I get up in the morning, dot willing, I'm able to have choices and options of how I want to structure my day and live life on my terms.
- 7:20Speaker 2: When I was broke, I had no choice but to wake up and go and do what I had to do to go make that money.
- 7:27Speaker 2: Now, I spent 15 years of perfecting my portfolio and building my companies so that I'm able to wake up and choose what I want to be able to do each day got well.
- 7:40Speaker 2: And so, yeah, man, money is, it's not an evil thing.
- 7:45Speaker 2: There's a lot of people out there that and that comes from a broke mindset which I'm sure you use heck, yeah, comes from a broke mindset of people saying, oh man, you got all this money.
- 7:54Speaker 2: You need to give it to the people that don't have money.
- 7:59Speaker 2: I mean, that's just a bunch of horseshit.
- 8:01Speaker 2: It's just the lies and the stories that you're telling yourself over and over and over.
- 8:06Speaker 2: And the great thing about having money is that I'm able this is the bigger impact aside from the freedom is that we have now over a hundred employees in over four states that all rely on me every day to wake up, to pay their bills, to provide and support their families.
- 8:24Speaker 2: That's what money is able to do.
- 8:27Speaker 2: We're impacting lives of over a hundred families around the country and we're growing.
- 8:32Speaker 2: We're getting ready to go take on Chicago.
- 8:34Speaker 2: We're gonna add on another fifty four families, you know so, at the end of the day, yeah, money.
- 8:40Speaker 2: You know it could be bad, but at the same time look what we're doing.
- 8:43Speaker 2: We're able to provide a life.
- 8:44Speaker 2: For me will be a hundred fifty four families in the next thirty days, and you know that's bigger than not then anything.
- 8:52Speaker 1: So yeah, it's so I don't want to minimize when I said you know, money can't make you happy.
- 8:57Speaker 1: It won't.
- 8:58Speaker 1: But, man, it gives you options and it gives you opportunities.
- 9:00Speaker 1: And and the only people that think money is not important are broke, like, like that's also a poverty mindset to think that money is not important.
- 9:10Speaker 1: I've never met one rich person who's ever said that money wasn't important.
- 9:15Speaker 1: Money is important, it's just it's.
- 9:18Speaker 1: It's it's not the destination and there's a, there's a, a fellow named Jesse elder that I follow, and he's served it up.
- 9:27Speaker 1: Simply, money is awesome fuel, but it's a horrible destination, it's a horrible finish line, but it's the fuel to.
- 9:35Speaker 1: It's a really free, really rich, really fulfilling life man, and you're the epitome of that.
- 9:41Speaker 2: It is just like you said.
- 9:43Speaker 2: It provides you a lot of options, you know so, you know not give you some examples, you know like.
- 9:47Speaker 2: Again, it goes back to my health, right, I do so many different, but when I was, when I was broke in, grinding in like trying to make money just to put food on the table, I wasn't worried about going to coal plunge and going to the sauna and getting genetic testing.
- 10:01Speaker 2: So I could, you know, make sure my body is at the ball.
- 10:04Speaker 2: Well, so you know like, I wasn't worried about any that crap.
- 10:07Speaker 2: Does it have any money?
- 10:08Speaker 2: I was just trying to figure out a way to make money.
- 10:10Speaker 2: Now I have the funds, I have the ability, I have the freedom To be able to say, hey, I want to take care of myself, I want to have options in the morning and I want to be able to do different things, you know, and so I want to create more experiences, more memories.
- 10:23Speaker 2: You don't have money, your broke, or too late, and I got a half, and so it's just the reality, and there's a lot of people out there that want to keep telling themselves this false truth that, like money is all evil and At the end of the day.
- 10:35Speaker 2: It's really not, it's just them.
- 10:36Speaker 2: It's them.
- 10:37Speaker 2: It's them trying to sue themselves or numb themselves because they don't have it and they don't want to go work their ass off or go do something to get.
- 10:47Speaker 1: I love that, man.
- 10:48Speaker 1: I didn't didn't mean to cut you off, but holy shit, I love that.
- 10:51Speaker 1: That.
- 10:51Speaker 1: That that lights me up and my wife is expensive.
- 10:55Speaker 1: So you know, like my wife loves nice things and I love my wife to have no nice things, and I know, I know she does, and I know she does, and I said you wagon.
- 11:06Speaker 1: I love being able to provide those things for.
- 11:08Speaker 1: So.
- 11:08Speaker 1: So, money, money is not the reason, but, man, it sure makes life a whole lot more fun when, when it we look at money as a game of monopoly instead of life or death.
- 11:17Speaker 1: And one thing that you were talking about, josh, when you said you were waking up just to pay the bills and you know you had that survival mode right you?
- 11:26Speaker 1: We talk about survival mode and creation mode a lot.
- 11:29Speaker 1: Now, can you, can you share?
- 11:31Speaker 1: Waking up and not having enough is survival mode.
- 11:35Speaker 1: But I also know really, really wealthy people that are still in survival mode, like because they've never mentally and emotionally made that shift from survival mode and the creation mode, knowing and believing and being okay that they have enough and that they're never have to go, they're never going to need to struggle with money ever again.
- 11:52Speaker 1: They just never flip that switch.
- 11:53Speaker 1: Can you talk about that a little bit?
- 11:56Speaker 2: Yeah, I was there, you know I was.
- 11:59Speaker 2: I was in survival mode for very long time probably for, I would say, probably 14 years, for very, very long time.
- 12:07Speaker 2: And it all started with you gotta remember like I got started in real estate.
- 12:10Speaker 2: So when I got started I started right during the crash of the late and I went immediately from having kids to, you know, starting a new company.
- 12:20Speaker 2: And then all of a sudden, that new company that I just started, the market just crashed so I went.
- 12:26Speaker 2: You know I was trying to do anything and everything you know to try to make sure I was putting food on the table and that lasted.
- 12:31Speaker 2: So what happened to me was that that that era of my life just kept going like I never got out of.
- 12:38Speaker 2: I was never, never able to like psych my mind up to think, okay, you know, we're gonna get out of this, we're gonna be able to move on, even though, let's say, for instance, I was making money, we were doing fine living in a great house, putting my kids in a great school, doing all the right things, I was still mentally in survival mode because I just could never get out of it.
- 12:58Speaker 2: I'm sorry to hear it treated background here just like all in its ass.
- 13:01Speaker 2: I can't let's For the New Orleans for you, but.
- 13:04Speaker 2: But you know I was in survival mode in a lasted for a very long time and so I remember, you know I met you and you know you and I had some conversations as a back and forth and you know, one day, you know, I finally, I think I told you I was like you know I'm in that zone.
- 13:22Speaker 2: I just I can't figure out a way to break it, you know, and because of always worried about I could have had a million dollars in the bank and I was still in survival because mentally that's always there.
- 13:32Speaker 2: That's where I was trained, my mind to think I can't see in flight or flight all the time.
- 13:36Speaker 2: Like you know, when I'm really go take a risk or do something, you know my mind said you're telling me no, no, no, josh, you know we can do that.
- 13:44Speaker 2: You remember what happened last time.
- 13:45Speaker 2: We did that and it's just my.
- 13:47Speaker 2: You know my mind is trying to keep me safe.
- 13:50Speaker 2: And why, why I finally realized that you know what I'm fine, I'm happy, I'm healthy, I have a roof over my head, I have water that's coming out of the faucet.
- 13:59Speaker 2: I can go take our I can, you know, I can go walk tomorrow and I'm gonna breathe the air like life is good, it's okay.
- 14:08Speaker 2: I got money, the bank not struggling, get out of your not, and you're not in that mode.
- 14:13Speaker 2: And once I was able to realize and realize that my life is not, you know, it's not ending, it's not falling apart, shit isn't falling down Like it was before, early on, then I was able to flip that switch and get into creation mode.
- 14:27Speaker 2: And I can tell you, holy shit, when you flip that switch and you get into creation mode, it is like it's a drug.
- 14:36Speaker 2: Like you know, joe, it is like a drug and it's something like I told you.
- 14:41Speaker 2: I wake up every morning like so early, I'm excited for the day because I'm able to create.
- 14:47Speaker 2: I'm able to Not have this live in this fear every single day when I wake up that everything is gonna fall apart, and that's how I live for a very long time.
- 14:56Speaker 2: And I would say that in the past two or three years I've been in creation mode and it's been, we've been unstoppable, and so it's been.
- 15:04Speaker 2: It's been awesome, awesome.
- 15:07Speaker 1: The survival mode is all in your mind and body.
- 15:09Speaker 1: It's, it's your, your, your body is, is built to try to end your mind to try to stay alive, and it'll it'll just create you creating fear.
- 15:19Speaker 1: If you don't understand it, if you don't know, it'll keep creating fear and danger that doesn't exist, or fear For danger that doesn't exist, and it'll just keep you chasing.
- 15:30Speaker 1: Even if you have seven figures in a bank, it'll still tell you it's not enough, not enough, not enough.
- 15:34Speaker 1: And now you become afraid to lose it.
- 15:36Speaker 1: So you're not able to enjoy it anyway.
- 15:38Speaker 1: And when you're not able to enjoy your wealth, you're still.
- 15:40Speaker 1: You're still in survival mode.
- 15:41Speaker 1: You're fighting for survival and life is hand to hand combat.
- 15:44Speaker 1: You never make that mental and emotional shift, and I saw that you made that shift and that's when things really started skyrocket.
- 15:51Speaker 2: You know what it was.
- 15:52Speaker 2: It was, honestly, when, you know, when I got really really clear about what I wanted out of my life and you know what is it.
- 15:59Speaker 2: You know three C's right clarity, commitment and certainty.
- 16:01Speaker 2: You know, when you know, when I got really really clear about what I wanted, you know, my vision just completely exploded.
- 16:09Speaker 2: I realized that, you know, if I can get clear about what I want, get you know, make a huge commitment to that and not stop and then flood myself with certainty.
- 16:19Speaker 2: You know I'm unstoppable.
- 16:22Speaker 2: There's no way I can lose.
- 16:23Speaker 2: And so I, you know, I was really clear and I made a huge commitment.
- 16:27Speaker 2: I, you know, my goal was when I left your meeting was like 10 companies or 10 million.
- 16:31Speaker 2: We're on six companies now and we're getting close, you know.
- 16:34Speaker 2: So it's, it's, it's coming to fruition and it's because you know I had, I made that commitment, you know.
- 16:42Speaker 2: And when, when I have doubt, look it, I'm gonna tell.
- 16:44Speaker 2: You know, everybody is watching this too.
- 16:46Speaker 2: You're gonna still have that back.
- 16:48Speaker 2: Yeah, I have here, but it's just a way of reprogramming your mind to say, hey, man, you know you shut that side of the brain off like, look, I knew you already, I'm.
- 16:58Speaker 2: I don't need you in my life.
- 16:59Speaker 2: You know like we've, and I'm basically Psyching myself up to say, yes, I've done this before.
- 17:05Speaker 2: Yes, I know what I'm doing, yes, we're gonna win.
- 17:08Speaker 2: Yes, this is gonna work, versus like, no, it's not gonna work, we're gonna lose everything.
- 17:13Speaker 2: My life's gonna end, I'm gonna.
- 17:15Speaker 2: You know, I'm not gonna be here tomorrow.
- 17:16Speaker 2: Like I need all these different scenarios you try to play out in your head, and it's just retraining your brain to think more positively versus All the negative sex that can go on, which, though, that's easy to do.
- 17:29Speaker 1: Stories.
- 17:29Speaker 1: They're all stories that your mind's telling you and and basically you're, you're programmed in your condition to think in a Certain way until you retrain your mind to think in a different way.
- 17:39Speaker 1: So this is why people, people struggle with money.
- 17:43Speaker 1: Then, when they're wealthy, they still think the same way and and because they have it mentally and emotionally Recondition their mind and their body to think and feel in new ways.
- 17:52Speaker 1: Josh, you said ten companies, ten mill, so I know the answer to this question.
- 17:58Speaker 1: What I'm gonna ask it Is that ten million in sales that you're after, that's ten million in income, income, cashblow, yeah, cashblow that's, uh, that's that's two to the, to the enterprise company.
- 18:10Speaker 1: So that's what we want, that's our goal, so for for the JW Enterprises, which is, which is your, your global venture, jw enterprise prizes to cash flow ten million dollars every year.
- 18:24Speaker 1: So that's after expenses.
- 18:25Speaker 1: So anybody who's not financially astute that there's sales, there's expenses and there's cash flow.
- 18:31Speaker 1: Now I'm getting really excited because, like, like money makes me happy, right, like like talking about money, I do, I want talking about money, like I love when, when people make a lot of fucking money and and like keep having fun with their money, like but it doesn't it, it blows me away when people make a lot of money and don't enjoy it, or people don't want to make a lot of money, because I'll feel guilty and shameful for for one to make a lot of money.
- 18:57Speaker 1: But but you, your target is to own ten companies, ten brands and To cash flow annually ten million dollars.
- 19:06Speaker 1: What are you gonna do with all that money?
- 19:10Speaker 2: Look, I'll tell you this, um, it's hard to spend what I have now and and that's a great problem that it is awesome and I honestly didn't think it would be that hard, you know, but it is.
- 19:22Speaker 2: It is actually kind of it is hard and so, you know I, you know I don't know I want, I want to create, you know, more impact me and there's more things I want to do.
- 19:30Speaker 2: I do.
- 19:31Speaker 2: Look, I'm selfish in the sense that, like, I want, I want to have more experiences, I want to travel more, you know I.
- 19:37Speaker 2: You know I want to be able to take my kids, you know, out of the country and and show them the world, and you know you can't do that when you have zero dollars in your bank, you know.
- 19:48Speaker 2: So, being able to have you know that back, you're setting that goal.
- 19:53Speaker 2: It was to he not I'll be honest with you.
- 19:56Speaker 2: On the outset, the goal was very Like tying the sky for me.
- 19:59Speaker 2: I'm like there's no way I'll hit it.
- 20:01Speaker 2: You know, like, but I'm gonna, I'm gonna be clear about this, what I want, but if I hit it, I hit it.
- 20:05Speaker 2: Great.
- 20:05Speaker 2: Now it's like really realistic that we may actually get there within probably the next year or two.
- 20:11Speaker 2: Um, you know, it's almost like what's next.
- 20:15Speaker 2: You know, I, what am I gonna do after that?
- 20:16Speaker 2: Now, I, honestly, I don't have the answer to that.
- 20:18Speaker 2: You know, I still don't know what we're gonna do after that, but I, you know, having having these security and having the funds and having the ability to be able to, to change more lives Is really what I'm trying to do, and then also, like I said, the selfish reason to be able to enjoy it With my family and my kids, and you know, and yeah, so, all right, I'm gonna I'm gonna bring everybody into a coaching conversation between me and Josh.
- 20:46Speaker 1: Here's what you're gonna do with it, josh.
- 20:47Speaker 1: You don't need to do anything with it.
- 20:49Speaker 1: You just need to enjoy making it.
- 20:51Speaker 1: You just need to enjoy creating it.
- 20:53Speaker 1: You just need to know you accumulate and have them.
- 20:55Speaker 1: That is where.
- 20:57Speaker 1: That is where my artist.
- 20:58Speaker 2: That's it Not really at the end of the day, like, it's almost like.
- 21:02Speaker 2: Give me an example.
- 21:03Speaker 2: It's like Tom Brady, right, tom Brady, when he, when he is going out to what a Super Bowl, I Guarantee you.
- 21:11Speaker 2: If you asked him what do you enjoy most winning the Super Bowl or the journey to winning the Super Bowl, he's gonna tell you it's the journey, that's right, and that is what it.
- 21:21Speaker 2: That's what it is for me.
- 21:23Speaker 2: I enjoy the journey of the goal and then, once you reach the goal, it's like well, fuck, you know, like damn, that now it's over.
- 21:30Speaker 2: Now what you know.
- 21:32Speaker 2: So Look, every day, man, like you know, I share a lot of moments and memories with my team.
- 21:37Speaker 2: I love my team.
- 21:39Speaker 2: The deaths, and you know they are like family to me and it's almost like having that camaraderie.
- 21:44Speaker 2: You know having a being on like a football team.
- 21:47Speaker 2: You know like we we joke, we laugh, we cry.
- 21:50Speaker 2: We, you know, we do all those things together and that is what I love.
- 21:54Speaker 2: I love inspiring people, I love motivating people, I love pushing people to beyond what they think they can do themselves.
- 22:02Speaker 2: I mean, I can show you some text messages, man, of like some of our team members and there are days where I get on their Ass and they're like man, why is Josh coming down on me so hard?
- 22:11Speaker 2: And I tell him all the time, if you've ever hear me come down or you I'm not a micromanager of any means, but I was like, if I ever come down or use, because I know you can do so much, you know, and your potential is so much more and take that as a compliment and not as me coming down.
- 22:25Speaker 2: You know so and that's where I love to do like I honestly, I probably should have been a coach.
- 22:30Speaker 2: I should have been a, like, a football coach or something you know, because that that is what motivates me, that's what gets me up every day and gets me excited.
- 22:36Speaker 2: But it's the journey.
- 22:38Speaker 2: I look forward to the journey every day and what the journey is going to allow me.
- 22:42Speaker 2: A wood road, the journey is gonna bring.
- 22:44Speaker 1: I love it, man, and then that's that.
- 22:45Speaker 1: To me, that's the key insight is this is for me, on the outside of of your life, this is you're just playing Monopoly, you're just you're.
- 22:54Speaker 1: You're in front of a Monopoly board and you're just playing the game to have fun.
- 22:58Speaker 1: You, it's not life or death, it's not win or lose, it's just playing the game to have fun.
- 23:05Speaker 1: And the more you play it and the more fun you have, the more your wealth and your success Expands.
- 23:10Speaker 1: But the the other key insight.
- 23:13Speaker 1: Another is With that money that you've made, you do a lot of goodness world, a lot of people's lives Improved, not just 154 families that you impact through your businesses, through their income and through the, the work that you do together, but in your coaching programs.
- 23:31Speaker 1: Just by, just by knowing you, my life has gotten better, just just in engaging, and I want to.
- 23:37Speaker 1: I want to go back to the beginning of our relationship.
- 23:39Speaker 1: So, if I can tell this story, I Saw a silly Facebook post from Josh.
- 23:45Speaker 1: I didn't know who he was, right, I didn't.
- 23:47Speaker 1: I just I'm connected to a lot of real estate investors and a lot of people in the real estate space and I saw a post and Josh said, hey, any speakers interested in speaking to my mastermind?
- 23:57Speaker 1: And I didn't know Josh, I said, yeah, I'd love to do that and, without knowing who I was or what I was gonna teach, he said, okay, join us tonight.
- 24:05Speaker 1: So I joined.
- 24:06Speaker 1: I spent some time talking about mindset, talking about money mindset, talking about success, mindset Talking about, you know, clarity, certainty, commitment, talking about the creation process.
- 24:15Speaker 1: And Josh is like, after the call, everybody else got off and Josh said, holy shit, can you I've got a full day intensive tomorrow Can you get your ass down here to New Orleans?
- 24:24Speaker 1: And so we can't do that.
- 24:25Speaker 1: He said, okay, you're gonna be at the next one.
- 24:27Speaker 1: So we went from not knowing each other to him inviting me into his space and because I was in his space, my life improved.
- 24:35Speaker 1: That's the impact that Josh Wilson has on this world that by being in his energy, your life expands and you're a gift to this world and that's why you deserve to make more money and you don't need that.
- 24:48Speaker 1: Do you need anymore?
- 24:49Speaker 1: No, do you deserve more?
- 24:51Speaker 1: Absolutely.
- 24:52Speaker 1: You don't need to do anything with it to justify creating more.
- 24:56Speaker 1: That's.
- 24:57Speaker 1: That's a, that's a key aspect to a prosperity mindset, mindset to a wealth mindset, to an abundance mindset.
- 25:04Speaker 1: You don't need to do anything with it or have a an ends in mind to create more and accumulate a more.
- 25:11Speaker 1: Just keep making the world better while you're accumulating.
- 25:15Speaker 1: That's the only 100% you.
- 25:16Speaker 1: Yeah, I love that.
- 25:18Speaker 2: Yeah, you want to, you want to watch you, let me, let me, let me rephrase this too also so it always was in sunshine and rainbows, right, you know so, just like you know any entrepreneur, shirney, you know, and you know, sure, for anybody watching out there, but you're not alone.
- 25:32Speaker 2: If you're struggling, you know like it's, it's very, it's normal, it's the entrepreneur drollicoster.
- 25:38Speaker 2: But here's the great thing is that you don't have to.
- 25:41Speaker 2: You know what I mean.
- 25:43Speaker 2: Like you're struggling right now, but you don't have to.
- 25:46Speaker 2: A lot of the times you're struggling because it's up here.
- 25:48Speaker 2: And, mike, if you want it, if you want to tell that story, you know about when, when I was struggling now, lost a million dollars two years ago and, and, and I was, I was in the dumps man, I thought my world was over.
- 26:02Speaker 2: And If you you want to, you you want to go in there and you kind of talk about where I was mentally not a good place.
- 26:10Speaker 1: Yeah, I mean that the call was and, and I get.
- 26:13Speaker 1: I Like to say when, when they're really, really wealthy people are in a little bit of a pickle.
- 26:18Speaker 1: They call me right now.
- 26:19Speaker 1: They've got more money than me, but but I've got the keys to, to mental and emotional freedom right, and that's what.
- 26:26Speaker 1: That's what people really want the money for is mental and emotional freedom.
- 26:29Speaker 1: So when, when people with a lot of money and a lot of success, when it, when life starts to get heavy, they called me and I work them through some, some exercises, thoughts.
- 26:38Speaker 1: So Josh called me and said, hey, man, it just feels like like everything's dark and the walls are collapsing and I just lost seven figures and like I don't know, like I'm off balance and I'm just, I feel like I'm trapped and like like things are falling apart around me.
- 26:52Speaker 1: And I said, josh, I'm gonna, I'm gonna share some something with you, man, and like, listen, you listen to this whole thing before you know, before you you know you engage or talk.
- 27:03Speaker 1: And and I said, listen, man, you are gonna die and your family, they're all gonna die and everything you build is gonna collapse and Everything that you accumulate is is gonna fall apart.
- 27:19Speaker 1: It's gonna.
- 27:20Speaker 1: It's gonna perish at some point.
- 27:21Speaker 1: The, the empire that you build, the legacy that you leave, is gonna be forgotten, like the life, this world, the earth.
- 27:32Speaker 1: At some point something is going to hit into it and the whole world is going to explode.
- 27:37Speaker 1: So anything you build, anything you leave behind, any genetic blueprint you left behind in family or in ancestry, it's all going to be for nothing at some point.
- 27:47Speaker 1: Don't take any of this shit too seriously.
- 27:51Speaker 1: Have the time of your life, and if you're not having fun, you're doing it all wrong, because it's all for nothing, because your last exhale is the only finish line, and if you're not enjoying every aspect of life between now and your last exhale, you're leaving a lot on the table and you're really not milking life for what you can really get out of it.
- 28:13Speaker 1: Don't take any of it seriously and just play the game.
- 28:17Speaker 1: To just have the time of your life, is that?
- 28:21Speaker 2: kind of what you remember.
- 28:22Speaker 2: Yeah, it was a tough spot.
- 28:25Speaker 2: Walls of Million Bucks did a deal in South Florida and man, that freaking just tanked.
- 28:30Speaker 2: And I learned a lot.
- 28:33Speaker 2: And the one thing that I did learn is that when I'm up against the wall and this could be, other people could probably relate to this but when I'm up against the wall, I feel like sometimes I operate at peak capacity.
- 28:52Speaker 2: I don't think I can operate at any higher level other than being in creation.
- 29:01Speaker 2: And when I was up against the wall, I remember I kept asking and this is a cool little story, I'll tell this but I was asking people, everybody I spoke to hey look, this is what's going on.
- 29:15Speaker 2: I need a deal.
- 29:16Speaker 2: I need a deal that I had to real estate that I just sold and I needed to take those funds.
- 29:22Speaker 2: And it replaced those funds because I was bleeding like $50,000 a month of income, bleeding and I say I've income of expenses.
- 29:30Speaker 2: That was just two attorneys and in the loss of the company.
- 29:33Speaker 2: So not only was I losing a million bucks, or lost a million bucks, I was still bleeding every month of paying a turn.
- 29:39Speaker 2: So I was dying and I needed income fast, and so I happened to talk to one of the guys I bought a company from in Orlando and I said, hey, I need a deal as you know, I'm losing my ass off here and he's like I have a deal that I think a guy that I actually presented to you three years ago and you turned it down.
- 30:02Speaker 2: He's like do you want to take a look at it again?
- 30:04Speaker 2: And I'm like, man, I'll look at anything, please just give it to me.
- 30:07Speaker 2: So he showed me the deal and I went through the numbers.
- 30:10Speaker 2: I'll be honest with you, I was skimming through the numbers.
- 30:12Speaker 2: I'm like I literally went straight to the bottom line.
- 30:15Speaker 2: I'm like, what's the next asset?
- 30:16Speaker 2: And so I'm like, okay, 400,000.
- 30:20Speaker 2: I'm like I'll take it.
- 30:21Speaker 2: And so I literally I negotiated this deal when I was like my back was up against the wall.
- 30:28Speaker 2: I bought this deal.
- 30:30Speaker 2: This guy and this is the crazy part this guy was in a rough spot too.
- 30:32Speaker 2: He was bleeding money because he was having a real estate venture, I think that was going south, and so he was dying at the same time.
- 30:40Speaker 2: So what this company needed was it needed an injection of cash flow and it needed a good operator, and at the time I had a little bit of cash and I'm a great fucking operator.
- 30:51Speaker 2: So I was like I can do this.
- 30:53Speaker 2: So I gave the guy $150,000 to walk away and I assumed his million dollar SBA loan when I just lost a million dollars, okay, and we took this thing and turned this bad boy around like literally in lightspeed, like no joke.
- 31:10Speaker 2: Lightspeed went from doing $400,000 a year to doing well over multi seven figures a year in lessons, ball months.
- 31:18Speaker 2: And that just goes to show you that when you really do get clear on what you want, if you really commit to it and tell yourself you're going to freaking do it, it happens.
- 31:30Speaker 2: And that deal is living proof of the three C's right there.
- 31:35Speaker 2: And the other serendipitous part about all this is that I met this.
- 31:38Speaker 2: I met this the seller three months after we had closed the sale.
- 31:43Speaker 2: We had to go to the bank of America and change over stuff.
- 31:45Speaker 2: So I go to Boston, I walk up to him for the first time I never met this guy in person.
- 31:49Speaker 2: I walk up to him for the first time.
- 31:51Speaker 2: I put my hand out, the grishakis hand.
- 31:53Speaker 2: I'm like hey, man, how you doing Josh Wilson?
- 31:55Speaker 2: It's like hey, how you doing I?
- 31:57Speaker 2: Your name was John Nooks and he's like hey, you know, josh, he's like look, I want to tell you, man, he's like you're an angel.
- 32:03Speaker 2: And I looked at him and I'm like what do you mean?
- 32:06Speaker 2: He's like you're an angel, you saved me from losing my house.
- 32:10Speaker 2: And I literally looked back at him, shook his hand and said you're an angel, you saved me from losing mine.
- 32:16Speaker 2: And so how crazy how things work out.
- 32:20Speaker 2: You just got to let them happen.
- 32:22Speaker 2: Stop trying to force it.
- 32:23Speaker 2: It will happen If you get clear on what you want, commit to it and flood yourself with certainty.
- 32:30Speaker 2: That's going to happen.
- 32:30Speaker 1: And now I know Exactly You've never seen anyone and it's funny, you know, you, you the creation process, three C's, you, you put commitment second and I always put it third.
- 32:41Speaker 1: Right, I know.
- 32:42Speaker 2: I don't know, I had to do that.
- 32:43Speaker 1: Yeah, that's by design for you, right?
- 32:45Speaker 1: What commitments more important to you than than than certainty?
- 32:48Speaker 1: Or, in the prioritization, for me it's certainty is the most important, or or is the second most important.
- 32:55Speaker 1: But anyway, I digress.
- 32:57Speaker 1: I have never, ever, seen anyone get really clear about what they want and go all in and let go of the stories in their mind and body, make action, be patient and just wait for magic to happen.
- 33:13Speaker 1: I've never seen it not work.
- 33:14Speaker 1: And commitment is.
- 33:16Speaker 1: Is it a key that unlocks results?
- 33:19Speaker 1: I have never.
- 33:20Speaker 1: And commitment is 100% and, and you know, at the workshop and and in our time together, when I was down in Pigeon Ford with your group, 99% commitment equals 0% commitment.
- 33:32Speaker 1: That means I mean I love that when you said that that that's that's hard.
- 33:35Speaker 1: That means when you're, when you're at 99% commitment, that that means you still have an escape plan, that means you still have an out, you're giving yourself an out and and you've you've heard, you know, we've all heard burn the ships and you know what is it?
- 33:48Speaker 1: The movie 300, I think you know.
- 33:50Speaker 1: I mean you, you literally, you literally you're either going to perform or you're going to die.
- 33:57Speaker 1: All right, I mean that that's commitment, like there is no doubt in my mind that this is going to happen.
- 34:03Speaker 1: I'm going to stay in the game until it does.
- 34:05Speaker 1: That's commitment.
- 34:06Speaker 1: That's the power of commitment.
- 34:07Speaker 1: I've never seen it not work.
- 34:09Speaker 2: It, it, it absolutely worked for me and you know, I had no choice, I had to commit.
- 34:15Speaker 2: And most people you know what is this saying, mike they say like you know, when, when the fear of when, the fear of the unknown or something is greater than the actual, as I say ago, but you don't.
- 34:29Speaker 1: yeah, I know, I know what you're saying but I can't pull it right now.
- 34:33Speaker 2: That scene is like so true because, like when, when the fear is greater and if somebody here is watching, if you could help us out and type that into the comments, let us know what that's saying.
- 34:42Speaker 2: I think it's the fear of the unknown is greater than the fear of the current or situation you're in now.
- 34:48Speaker 2: That's when people actually change and make a change.
- 34:52Speaker 1: You know when, when so here I want to I want to say it in a different way when, when you're, when your future is more inspired than the fear of where you're living now and the and the, the what's the word I'm looking for?
- 35:10Speaker 1: The mediocrity that you're living in right now, when the future is more inspired than the satisfaction that you're having now, that you're experiencing now, that's when you'll start to shift into creation mode and that's when the future will pull you forward.
- 35:24Speaker 1: So it's about, it's about letting go this creation process.
- 35:28Speaker 1: The creation mode is about letting go of of these circumstances so that you can create higher level circumstances.
- 35:36Speaker 1: And I'm talking about in your health, in your wealth, in the impact, in, you know, in your relationships, just in, in, in everything, every, every aspect of your life.
- 35:45Speaker 1: When you get clear, when you go all in, when, when you, you do this mindset work, we, we, we experience the world through the thoughts and the beliefs that we have, and it's shifting those beliefs and those thoughts, the, the thoughts and beliefs that empower you towards your vision.
- 36:02Speaker 1: And that's the certainty part, that's just letting go of the doubt, letting go of the worry, knowing that you can replace it with a higher level story.
- 36:09Speaker 1: A hundred percent, yep.
- 36:10Speaker 1: I absolutely love that.
- 36:11Speaker 1: So where are you now, man?
- 36:12Speaker 1: What are you doing?
- 36:13Speaker 1: What are you building you?
- 36:15Speaker 1: You got six companies.
- 36:16Speaker 1: You're getting close to to cash flowing $10 million.
- 36:19Speaker 1: You're, you're, you're on that, you're on that that climb.
- 36:22Speaker 1: Where are you?
- 36:23Speaker 1: What are you doing?
- 36:24Speaker 1: What are you looking for?
- 36:27Speaker 2: Yes, I mean we're, we're getting there.
- 36:29Speaker 2: Now we are.
- 36:30Speaker 2: We have our next acquisition in Chicago.
- 36:32Speaker 2: That's another school transportation company.
- 36:34Speaker 2: That will be company number six.
- 36:37Speaker 2: So really, really excited about that one.
- 36:39Speaker 2: We probably haven't been this excited about an acquisition in a while.
- 36:42Speaker 2: So the teams, we're working hard.
- 36:45Speaker 2: We were just up in Chicago the other week and you know we're really excited for it.
- 36:49Speaker 2: So, yeah, that that's down the pipeline.
- 36:52Speaker 2: I'm doing, you know, m&a stuff now.
- 36:53Speaker 2: So do a lot of burgers acquisitions, and you know it's been.
- 36:58Speaker 2: It's been a fantastic journey.
- 36:59Speaker 2: I've been in it now for about five years, really hard.
- 37:02Speaker 2: You know, in that journey I was in real estate before that for a very long time.
- 37:06Speaker 2: I still do real estate but I'm not doing the same single-family duplex, you know Game anymore.
- 37:12Speaker 2: It's just not, just not in my wheelhouse, and you know and that's another thing you know I want to bring up to you know I've had people ask me why'd you got a real estate?
- 37:21Speaker 2: You know what's, what's the big deal, you know.
- 37:23Speaker 2: You know I think you should just stay true to what you know.
- 37:26Speaker 2: You know and If I did that then I think I would never grow.
- 37:31Speaker 2: And if I was always in that same spot, and I was always buying duplexes and single-family homes and and never moving up the ladder.
- 37:40Speaker 2: I'm never gonna grow, and we, as humans, we crave the growth every day.
- 37:46Speaker 2: I just want to move the foot.
- 37:48Speaker 2: I mean, move my foot one foot forward, you know.
- 37:51Speaker 2: But that's what I look forward to every single day, and so that's the reason why I pivoted.
- 37:56Speaker 2: I just didn't.
- 37:58Speaker 2: I didn't feel like I was growing anymore in the space, and so I went over to the business side and and I'll be honest with you, the cash flow is freaking and crubbed, you know.
- 38:08Speaker 2: So you know, real estate is great.
- 38:10Speaker 2: It's a slow, slow, rich man's game.
- 38:12Speaker 2: I get it, I understand it, and I still have real estate.
- 38:16Speaker 2: So I'm not saying that you should not.
- 38:17Speaker 2: You should divest all your real estate and go into M&A, because that's not for everyone either.
- 38:21Speaker 2: You know, you have to be a specific person to be able to lead organizations like we have, and, and so I thrive on that.
- 38:30Speaker 2: So if you don't drive on that, you don't like leading people, if you're an introvert, then it's probably not for you.
- 38:35Speaker 2: So, and you know, and that that's what we're doing.
- 38:38Speaker 2: No, so we're buying companies, we're looking for, you know, we're looking for capital.
- 38:42Speaker 2: We're looking for investors and partners to partner with.
- 38:44Speaker 2: If you have a deal out there that you know you're considering selling, that you want to maybe exit your business, or maybe you know someone that, as a business, they're looking to exit, you know, reach out to me, shoot me a DM, let me know I'll.
- 38:57Speaker 2: I'll respond back to you and let you know if it's something we can do.
- 38:59Speaker 2: But if any, in any rate I'll at least I can look at it and tell you whether or not it you know as potential and you can look at it from my lens and Give you my perspective.
- 39:09Speaker 2: So that's really what we're doing.
- 39:11Speaker 2: We're trying to fire more companies, trying to impact more people and we're trying to bring more people along.
- 39:16Speaker 2: Man, I got a great story too Aura, who's in in your, in your program as well.
- 39:20Speaker 2: She was in my mastermind and you know, and you know she was, you know, doing okay and thriving in her mastermind and you know we brought her on.
- 39:30Speaker 2: She came and she now works for the JW local side or old and company side, and she is, you know, she is thriving and doing all kinds of fantastic things for our company and you know.
- 39:40Speaker 2: So it just shows you like the opportunities right that creating wealth does.
- 39:45Speaker 2: You know we're able to take our out of a job that you know she was not feeling fulfilled with anymore, and now she's thriving.
- 39:51Speaker 2: I actually get to meet with her here at about an hour.
- 39:53Speaker 2: So, you know, and, and, and.
- 39:55Speaker 2: Those are the things that wealth does.
- 39:57Speaker 2: Those are the things that money allows you to do.
- 39:59Speaker 2: It allows to take more people on the journey with us, you know, to continue to create more freedom and more wealth.
- 40:06Speaker 1: Yeah, our is a rock star and she just needed somebody in her life to believe in her and, don't know, she's got a bunch of us.
- 40:12Speaker 1: But yeah, here's a question let's talk about.
- 40:15Speaker 1: Let's talk about the the M&A game a little bit.
- 40:17Speaker 1: You, the first business you bought Ash, flowed 400k per year.
- 40:22Speaker 1: Why would help one sell that business?
- 40:27Speaker 2: Yeah, so yes, exactly so.
- 40:30Speaker 2: The guy with the business that I've, the guy, the seller that I bought it from, he was in a spot where he number one, he needed some cash, but number two the worst part you can put yourself in was he was the employee in the business.
- 40:45Speaker 2: Yeah, so that was my first business.
- 40:47Speaker 2: I, you know, looking back, I probably now, knowing what I know now, I would have never bought that business to debt.
- 40:53Speaker 2: So if you, if I, if you presented that business to me today, I would never buy it.
- 40:58Speaker 2: It's just because of where I am now with our current companies.
- 41:01Speaker 2: It would be too much work and too much effort to build it up.
- 41:04Speaker 2: It's like it's like an example would be like in real estate, you're buying a rehab, value-added property.
- 41:09Speaker 2: I don't buy value ads anymore.
- 41:11Speaker 2: I'd rather overpay for a great company than underpay for a shitty.
- 41:16Speaker 2: You know what I mean.
- 41:16Speaker 2: So, so, so, so.
- 41:19Speaker 2: That's that's the reason why people would sell.
- 41:21Speaker 2: So like this particular gentleman, you know he was in a spot where he was driving the van every day.
- 41:25Speaker 2: He was dispatching from his van.
- 41:27Speaker 2: He was, he was making 400k a year but he was freaking driving, you know me to any or on.
- 41:32Speaker 2: He needed the 400k to live because that was his lifestyle.
- 41:35Speaker 2: Now that's what he, his family, became accustomed to.
- 41:38Speaker 2: So when you basically are putting yourself in a corner, you have no other option but to exit, to sell.
- 41:44Speaker 2: So what he did we ended up.
- 41:47Speaker 2: So he ended up selling for 350k, he finding it over to finance 50% of that 350k, and I put the rest of the down payment.
- 41:55Speaker 2: I bought that company and we're doing now I mean, we are those guys over there I mean crushing, crushing that that that company, we're they're doing this year.
- 42:05Speaker 2: We should do, definitely do some things.
- 42:06Speaker 2: So and and that just goes to show you, you know, when you put a good operator playing that, and that is also to say you don't see me drive and I'm not in Orlando right now drive the van.
- 42:17Speaker 2: But we're still gonna probably do seven figures this year in that cash flow Because of the systems and the processes that we put in place.
- 42:24Speaker 2: Because, look, at the end of the day, I don't, I didn't need the money at the time I was, I was doing real estate, so I was able to really dive in, get it fixed and in operated properly and then let the growth do its thing and and give it time right at the end of the day.
- 42:39Speaker 2: Time is gonna be your best asset and your best friend.
- 42:41Speaker 2: Most people fail because they don't have enough time.
- 42:45Speaker 2: You know, like like same thing in the casino, right, you go play blackjack in the casino at the end of the day.
- 42:50Speaker 2: If you give yourself enough time, you will win at the blackjack table most.
- 42:56Speaker 2: The problem is that most people don't give themselves enough time because they go all in With one hand and so all their all their chips just go out the window.
- 43:03Speaker 2: But over time you will win and pick up some winning hands and then you get up and you get up.
- 43:08Speaker 2: Same thing with this is that you need you to give yourself time and if you do that, you know you'll see the fruits of your labor.
- 43:16Speaker 2: Like I said, we've been doing that, this deal now for five years.
- 43:18Speaker 2: My first year I did the deal, we went from doing 400k to doing 50k, and you probably asked me why did that happen?
- 43:25Speaker 2: Well, that's because we had to put our entire management team in place so that I wasn't driving the vehicles every day, and so we put an entire management team in place, may shift the K, but I wasn't doing anything anymore.
- 43:36Speaker 2: So, which is great.
- 43:37Speaker 2: Then we just slowly started growing it 50k, 250, 400, seven figures, you know.
- 43:44Speaker 2: So, over time, that's what happens and that's that's how we.
- 43:48Speaker 1: So let me, let me slow some things down, because I think there's some valuable stuff in there, and one thing that I've learned is, like when we know something, we, we, we teach it quickly, thinking that it's easy for everybody to understand.
- 44:01Speaker 1: But I want to, I want to slow this down a little bit and unpack something, josh, because the first time I heard this from our friend, kyle Mallon, the first time I heard this at your at the next deal mastermind, it blew my mind.
- 44:13Speaker 1: There are cash, six figure cash flowing companies out there that the owners are looking to sell.
- 44:21Speaker 1: They're looking to sell because they maybe they're, maybe they're ready to pack it in.
- 44:26Speaker 1: Maybe they're going through a divorce, maybe they're, you know, maybe some somebody died in their life, maybe they're just a chapter is closed, maybe they're, their family doesn't want to take it over and they're holding on to and they own a cash flowing business and they're looking for somebody else to come in and own it.
- 44:45Speaker 1: And when, when you buy this business and you can buy it without a lot of money out of your own pocket you could have it owner finance, which means that you're basically getting a loan and you make a monthly payment.
- 44:56Speaker 1: That's way less than the monthly cash flow.
- 45:00Speaker 1: This, this person that's selling, is gonna is gonna sell it to someone who's just willing to come in and be the owner Sometimes owner operator of the business.
- 45:11Speaker 1: This guy had a job and he was looking.
- 45:13Speaker 1: He didn't have a business, he had a job.
- 45:15Speaker 1: He had built himself an extravagant job and he was looking for someone to come in and take his job away.
- 45:21Speaker 1: You took his job away and you made a business out of it.
- 45:24Speaker 1: Now you get the back out, you put an operator in place, you get the back out and that machine runs without your control, without your energy, without your intensity, without your effort, and you get to be the guiding force, not the driving force.
- 45:39Speaker 1: So and these businesses are out there and Josh finds them and he Get some money, other some, some loans and some some financing, goes out and buys this entity and, like Controls, it adds it to JW global enterprises, where there's already an operations team, and Josh just gets the ability to step back and let his team Manage the businesses and a cash flows and puts money into Josh's pocket.
- 46:08Speaker 1: It's a beautiful, beautiful story and these opportunities are available.
- 46:12Speaker 1: Now I want to go back to.
- 46:15Speaker 1: Josh always looks for money so that he can finance these deals.
- 46:19Speaker 1: Tell us more about that, josh.
- 46:22Speaker 2: Yeah.
- 46:22Speaker 2: So you know we're always looking for cash capital partners, whether we're raising debt or we're raising equity, and we're always looking for partners that want to get, you know, a solid return on their, on their money.
- 46:32Speaker 2: And so, whether you know you're looking for, you know, fixed income.
- 46:36Speaker 2: You just want a nice little passive check every month and you want to know what it's gonna be every month.
- 46:39Speaker 2: We we have debt structures that we could do that as well.
- 46:42Speaker 2: Or if you're, you know, you're like, hey, man, I want to be a part of, I want to be a small part of the company, I want to have a little equity in there, because I want to have, I want to, I want to get my seat, let alone understand how you operate, how you Take these companies and do what you do, and you know these systems you use and you know work with your team, and so we have some some folks that Will invest with us on the equity side as well and get a, you know, two and a half percent, five percent equity, whatever it is where we're in on the deal, and and they get to share on the upside.
- 47:13Speaker 2: So we take these companies and we're doing $400,000 and then we turn them into one point five million dollar a year cash flow machines.
- 47:20Speaker 2: They're able to get a piece of that upside and and be able to enjoy the fruits of that.
- 47:25Speaker 2: So, but also, the same time, they're getting a free education on what we do.
- 47:28Speaker 2: You know, so that that would be the its huge benefit of joining Our team.
- 47:34Speaker 2: And then here's the.
- 47:35Speaker 2: Here's the other piece that I really haven't talked about.
- 47:37Speaker 2: That, I think is Is is extremely important.
- 47:42Speaker 2: The man, probably the most advantageous of joining our team as an equity bar, is that, if you have a deal, let's say right, let's say you have a deal and you're in the school transportation space and you're like you know what, josh, I want you to acquire me or I want to merge.
- 47:56Speaker 2: We can come out.
- 47:58Speaker 2: We can go out, acquire that deal, you can come in as an equity partner on our deal, and we plug your deal Under our JW global enterprise umbrella.
- 48:08Speaker 2: And all we're doing is, since we already have a bunch of companies under the umbrella, we are increasing our enterprise value as as a whole, as a whole big company, and what that is going to do is, at some point, once we cross over a certain metric On cash flow wise, we will start entertaining the attention of the PE firms and as long as we can stay in that one vertical, well, we'll get the attention of the PE firms and then we can go and sell on a higher multiple.
- 48:35Speaker 2: So let's say, for instance, you know you have a business that is churning out a million dollars a year cash.
- 48:39Speaker 2: I'll pay you three million for that.
- 48:41Speaker 2: Okay, great, but what if I told you, we take that million bucks, we throw it into our already ten million dollars a year and we can go to a PE firm and get maybe a seven or eight X multiple.
- 48:52Speaker 2: So you see what we did there.
- 48:54Speaker 2: All you, all you all we did was you came to our side and Increase your value because of our value we already bring to the table.
- 49:01Speaker 2: That's really what we're doing.
- 49:03Speaker 2: We're trying to find more partners like that that we can bring in under our umbrella, since we already have a strategic, you know, company with our other entities, and that's really what we feel we're gonna really make.
- 49:15Speaker 2: You know, a bigger pitch, a stronger exit down the road, is that we'll be able to sell the JV global enterprise or one of the verticals At a higher multiple down the road, which in turn will get the the partners a higher exit.
- 49:30Speaker 1: That's beautiful.
- 49:31Speaker 1: So, in a nutshell, josh is is looking to make you rich Really, really, essentially, yeah, yeah, and partner with awesome people who are also on on the same path, right?
- 49:43Speaker 1: So let me, let me let me unpack that a little bit.
- 49:46Speaker 1: Josh is always looking for people with cash who want to invest in in him, in his business, in in, potentially, your business, with an equity stake and Be part of something, a bigger machine that's creating wealth and success in your life, in, in, in in everybody else's life and all your partner's lives and Doing a lot of good and impacting positively impacting this world.
- 50:13Speaker 1: Because you know what I know from Josh and his heart he's not gonna throw himself into something and hurts people, right, and he's going to.
- 50:19Speaker 1: He's gonna leave a positive mark, no matter where he goes.
- 50:22Speaker 1: Is there anything I'm missing, josh?
- 50:24Speaker 2: No, man, I think he hit the nail on the head and you know it's.
- 50:28Speaker 2: You know we love what we're doing every day we're, we're changing lives, we're making people a lot of money and you know we're having fun at the same time.
- 50:35Speaker 2: And you know, just enjoy the journey, man.
- 50:39Speaker 1: Yeah, listen, if you, if any of that sounded like interesting to you partnering with Josh, maybe buying a business, maybe bolting it on to a JW and a global JW, global enterprises I almost said that backwards again.
- 50:56Speaker 1: If you're interested in any of that, reach out to Josh.
- 51:00Speaker 1: You can connect with him on social media.
- 51:02Speaker 1: He's a social social media man monster, I guess.
- 51:05Speaker 1: Guys, guys got a great presence, but Josh will also be.
- 51:10Speaker 1: He's.
- 51:11Speaker 1: Josh is part of Interwealth global or the Interwealth mastermind, so he's he's really accessible through through me.
- 51:19Speaker 1: If you want to get connected, you can reach out to me.
- 51:21Speaker 1: But if you want, you can also at the, at the next workshop that we're having in New Orleans it's the destination millionaire mindset workshop Josh will be there.
- 51:32Speaker 1: So I'll put all the links in in comments and in the show notes and stuff like that.
- 51:36Speaker 1: So, but if you want to get in touch and getting contact with Josh, reach out.
- 51:41Speaker 1: He's accessible, he wants to do business with you and he's going to leave you better than he found.
- 51:45Speaker 1: Right.
- 51:46Speaker 1: Josh is my homeboy and man.
- 51:48Speaker 1: I you've been such a blessing in my life, josh, and I was excited when, when you agreed to jump on here and jam with me.
- 51:54Speaker 1: Man.
- 51:55Speaker 2: Yeah, man, this is fun.
- 51:56Speaker 2: I really enjoyed it and you know I love always telling the story, man, but how much you've impacted my life and helped me, so you know really happy to share that and, like I said, you know anybody.
- 52:08Speaker 2: If you're on the fence and you're thinking about changing your mindset and getting from survival to creation mode, mike is the guy to do it.
- 52:16Speaker 2: He will absolutely change your life.
- 52:17Speaker 2: He's changed my life and everybody I come in contact with they're like man.
- 52:21Speaker 2: What is this new, like, this new vibe about?
- 52:23Speaker 2: You just knew like, you know aura, you know like, and I always I credit you so thanks, man, I appreciate that.
- 52:30Speaker 1: So I want to tell that story.
- 52:31Speaker 1: But right before we go, I'm gonna tell this story about that picture that I posted on Facebook.
- 52:35Speaker 1: Oh, yeah, yeah.
- 52:35Speaker 1: So at Josh's next deal mastermind it was his is the last retreat that he had with his mastermind and we went down to pigeon forage, tennessee, and it was an awesome weekend.
- 52:46Speaker 1: We were like we, angie and I, stayed at the, at the cabin, and we stayed with the people and it was Awesome, it was immersive and it was.
- 52:53Speaker 1: It was a powerful session and Josh took us all out the dinner like put the bill for it.
- 52:57Speaker 1: I, who was it that got to tomahawk steaks, george?
- 53:02Speaker 1: But, yeah, george, you, yeah, two Tom steaks, but Well, but we'll leave that one anyway.
- 53:10Speaker 1: So, josh, yes, josh put the bill for that one, but anyway, we're.
- 53:15Speaker 1: We're at this really long table and I'm all the way at one end of the table and Josh is in the middle and he and I were texting back and forth like and it was just To be like these little you know one like quick hitters, but it turned into a whole conversation and we're just like looking at each other, going, could you can believe this?
- 53:35Speaker 2: we're sitting here at this table and we just like well, you just keep that, I think.
- 53:38Speaker 2: Also, I think we were commenting on each other's Facebook posts too, like, no, we were, we were.
- 53:44Speaker 2: It's like, yeah, we're like trying to push the algorithm and I'm like comment on your, on your, facebook post as I'm sitting across from you at the table, like this is just.
- 53:52Speaker 2: This is crazy.
- 53:54Speaker 2: This world we live in like we're not communicating Via, like you know, a person, like our mouths were literally typing on a damn social media app.
- 54:01Speaker 2: Let them know yeah, we're doing good.
- 54:03Speaker 1: So yeah, yeah it's, but it's like we were in different states.
- 54:07Speaker 1: But anyway, when we left the dinner, we went outside and we took a picture of us and we were literally in that picture.
- 54:12Speaker 1: We were texting each other.
- 54:13Speaker 1: So it any, chris.
- 54:14Speaker 1: Listen guys.
- 54:16Speaker 1: Josh is an awesome, awesome human being.
- 54:18Speaker 1: It makes it a great dent in this world.
- 54:21Speaker 1: Connect with him.
- 54:22Speaker 1: He's looking to partner with you.
- 54:24Speaker 1: If you want to partner with somebody and like, hook your wagons to Somebody, that can change the entire trajectory, trajectory of your life.
- 54:33Speaker 1: Josh Wilson, this demand, brother, thank you for being my, my ally, thank you for being my advocate, my supporter, and thanks for making my life better.
- 54:40Speaker 1: Man, I just can't wait for these two week to get it, to get a load of you, man.
- 54:44Speaker 2: Thank you so much, man.
- 54:45Speaker 2: Awesome, this is fun.
- 54:51Speaker 1: If you enjoyed what you heard and you want to learn more, go to wwwinnerwealthglobalcom for more tools and resources.