Latest / The Active Duty Passive Income Podcast / You don't need more information. You need a plan.

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You don't need more information. You need a plan. · The Active Duty Passive Income Podcast

• 0:00
  MARKIAN FRONT: Hey there everybody.
• 0:01
  MARKIAN FRONT: Welcome to another A DPI podcast and this one I'm gonna title you don't need more information.
• 0:06
  MARKIAN FRONT: You need a plan.
• 0:07
  MARKIAN FRONT: Okay, this is just gonna be solo.
• 0:09
  MARKIAN FRONT: Me being very truthful, honest, and direct with you guys about the mindset piece.
• 0:14
  MARKIAN FRONT: Okay?
• 0:14
  MARKIAN FRONT: So, uh, my intent, my goal is to convert every listener who's still in the listening and learning mode to convert you to be the, I'm taking the next step this week person, right?
• 0:25
  MARKIAN FRONT: I want you to be that person, somebody who's executing on something this week.
• 0:30
  MARKIAN FRONT: All right?
• 0:31
  MARKIAN FRONT: So let me guess.
• 0:33
  MARKIAN FRONT: You've watched.
• 0:34
  MARKIAN FRONT: The YouTube videos, maybe you've saved some reels, some tiktoks.
• 0:38
  MARKIAN FRONT: Even you, you've got maybe like 37 tabs open like I do, and you still haven't bought or invested in anything.
• 0:45
  MARKIAN FRONT: Now, the reality is, is that's not because you're lazy.
• 0:48
  MARKIAN FRONT: It's because you don't need more information.
• 0:51
  MARKIAN FRONT: You need a plan.
• 0:53
  MARKIAN FRONT: Here's the lie that keeps military investors stuck.
• 0:56
  MARKIAN FRONT: Okay?
• 0:57
  MARKIAN FRONT: It's that if I just learn a little more, I'll feel ready.
• 1:02
  MARKIAN FRONT: No, you won't.
• 1:03
  MARKIAN FRONT: Because learning isn't the bottleneck.
• 1:06
  MARKIAN FRONT: Decision making is, and decision making requires structure, not vibes, not motivation, not another, I don't know, bigger podcast episode at like two x speed a plan, because the brain loves information.
• 1:23
  MARKIAN FRONT: It like it, it feels productive, it feels safe, even.
• 1:27
  MARKIAN FRONT: But in reality, it's a trap.
• 1:30
  MARKIAN FRONT: Information without a plan is just anxiety with a better vocabulary.
• 1:34
  MARKIAN FRONT: Okay.
• 1:36
  MARKIAN FRONT: Uh, let's go over my story real quick.
• 1:38
  MARKIAN FRONT: Like, you've probably heard it a million times, but I'm gonna rewind back to a moment I'll never forget.
• 1:43
  MARKIAN FRONT: And it's, it's just me remembering, like, like just staring at the military pay chart like it was my future.
• 1:50
  MARKIAN FRONT: Calculating, like when I'd pin on captain and when the next pay bump would happen, and then when my income would go up.
• 1:56
  MARKIAN FRONT: By what?
• 1:57
  MARKIAN FRONT: Like a couple hundred dollars.
• 1:58
  MARKIAN FRONT: Right.
• 1:59
  MARKIAN FRONT: And I was, I wasn't anxious because I was flying a helicopter, although I was, but that's not the point.
• 2:05
  MARKIAN FRONT: I was anxious because I realized my income ceiling was controlled by someone else.
• 2:11
  Cedric: That's when I started looking for a plan, not a hack, not a secret, A plan.
• 2:17
  Cedric: Because in the military we don't, we don't execute without one.
• 2:21
  Cedric: Right?
• 2:21
  Cedric: Like you don't just wing it on a mission, you don't figure it out.
• 2:25
  Cedric: Mid-flight, you plan it, you brief it, you run checklists, you, you build contingency plans.
• 2:33
  Cedric: But for some reason, when it comes to money, we just freestyle and then we wonder like why it feels unsafe even, right.
• 2:41
  MARKIAN FRONT: Or like anxiety inducing, right.
• 2:45
  MARKIAN FRONT: So here's the difference, all right?
• 2:48
  MARKIAN FRONT: Information tells you, okay?
• 2:51
  MARKIAN FRONT: It tells you what a VA loan is, for example.
• 2:54
  MARKIAN FRONT: Uh, what a cap right cap rate is.
• 2:57
  MARKIAN FRONT: Excuse me.
• 2:58
  MARKIAN FRONT: What, uh, what house hacking means, what cash flow means a plan.
• 3:04
  MARKIAN FRONT: On the other hand, a plan tells you what you do next in your market.
• 3:09
  MARKIAN FRONT: With your timeline, with your risk tolerance, with your military life constraints, information is general.
• 3:18
  MARKIAN FRONT: Whereas a plan is personal information is infinite, whereas a plan is
• 3:25
  Cedric: is
• 3:25
  MARKIAN FRONT: finite, it has steps, it has sequence to it, it has deadlines.
• 3:32
  MARKIAN FRONT: And you know how much I like, like sequential order of operations, if you've heard any of my previous episodes.
• 3:38
  MARKIAN FRONT: So if you are stuck, here's the diagnostic question.
• 3:41
  MARKIAN FRONT: Do you have a plan you can follow this week without watching another video?
• 3:46
  MARKIAN FRONT: If the answer is no, you're not missing motivation.
• 3:49
  MARKIAN FRONT: You're just missing structure.
• 3:52
  MARKIAN FRONT: So let's call this like the A DPI First Deal Plan.
• 3:54
  MARKIAN FRONT: Okay?
• 3:55
  MARKIAN FRONT: Super short version.
• 3:57
  MARKIAN FRONT: So bear with me.
• 3:58
  MARKIAN FRONT: Okay, I'm going to give you the skeleton of a real plan, like right now, not every detail, but enough to move.
• 4:06
  MARKIAN FRONT: Okay?
• 4:07
  MARKIAN FRONT: So without further ado, let's go over it.
• 4:10
  MARKIAN FRONT: Step one, def.
• 4:12
  MARKIAN FRONT: You need to define your freedom number, or we like to call it our military financial freedom number.
• 4:16
  Cedric: So this isn't like your dream life, this is just your number.
• 4:20
  Cedric: Something that like will help you cover your bases.
• 4:24
  Cedric: How, like how much?
• 4:25
  Cedric: You need to start asking yourself like, how much monthly cashflow would actually change my life that actually moved the needle?
• 4:31
  Cedric: Um,$500 a month.
• 4:33
  Cedric: A thousand dollars a month.
• 4:34
  MARKIAN FRONT: $2,500 a month.
• 4:35
  MARKIAN FRONT: Like this is maybe for those people that have other streams of income to supplement.
• 4:39
  MARKIAN FRONT: So just pick a number or maybe if you want, maybe if you don't plan on having a retirement or, or disability, maybe it's much higher, like 4, 5, 6, 7, 10,000, whatever, right?
• 4:49
  MARKIAN FRONT: Whatever it is, pick one.
• 4:51
  MARKIAN FRONT: Whatever it is, pick that number.
• 4:53
  MARKIAN FRONT: It might help to go back in time, uh, through like the last three months of your bank statements or credit card statements and get the average.
• 5:00
  MARKIAN FRONT: That's what we teach at A DPI.
• 5:02
  MARKIAN FRONT: But whatever it is, get the number.
• 5:04
  MARKIAN FRONT: It shouldn't take you more than five minutes to figure out and settle on it.
• 5:09
  MARKIAN FRONT: Write it down.
• 5:11
  MARKIAN FRONT: A plan without a number is just a wish.
• 6:53
  Cedric: Now, step two is choose one strategy.
• 6:57
  Cedric: So no dabbling here.
• 6:58
  Cedric: Pick one, whether it's, let's say house hacking or you're gonna buy a primary residence and turn it into a future rental plan, right?
• 7:06
  Cedric: Or you're just gonna straight up buy a rental or you're gonna do a live and flip.
• 7:10
  Cedric: Uh, most people stay stuck because they're just trying to do it all at the same time.
• 7:14
  MARKIAN FRONT: Pick one lane.
• 7:16
  MARKIAN FRONT: All right.
• 7:17
  MARKIAN FRONT: Now step three, choose one market, not maybe Florida, maybe Texas, maybe North Carolina.
• 7:24
  MARKIAN FRONT: Just one market because you can't build a team in six markets.
• 7:27
  MARKIAN FRONT: Ask me how I know managing, you know, multiple people in multiple markets.
• 7:32
  MARKIAN FRONT: All the emotions, all the, it, it is just too much.
• 7:35
  MARKIAN FRONT: Pick one market and, and that'll help you pick like.
• 7:39
  MARKIAN FRONT: Work with one set of people that have the boots on the ground, especially if you're a remote.
• 7:43
  MARKIAN FRONT: Like I can't highlight that enough or underscore that enough.
• 7:47
  MARKIAN FRONT: Okay.
• 7:48
  MARKIAN FRONT: Now step four, build the purchase team before the property.
• 7:53
  MARKIAN FRONT: Okay?
• 7:53
  MARKIAN FRONT: This is backwards for most people.
• 7:56
  MARKIAN FRONT: They go, uh, I need a deal first.
• 7:58
  MARKIAN FRONT: Right?
• 7:58
  MARKIAN FRONT: No, no, no, no, no, no.
• 8:00
  MARKIAN FRONT: What you need, you need is a lender who understands the military and your goals, right?
• 8:07
  Cedric: right?
• 8:08
  MARKIAN FRONT: And an agent who knows, like the investment mindset can work with investors, knows how to work with investors.
• 8:14
  MARKIAN FRONT: Then you need a property manager if it'll be a rental, obviously, right?
• 8:19
  MARKIAN FRONT: Um, or you can self-manage.
• 8:20
  MARKIAN FRONT: We have an awesome partner, you know, turbo tenant, that'll help you self-manage from wherever you are in the world.
• 8:25
  MARKIAN FRONT: Your team is your guardrail.
• 8:27
  MARKIAN FRONT: Okay?
• 8:27
  MARKIAN FRONT: Now step five, run a simple deal filter.
• 8:31
  MARKIAN FRONT: All right?
• 8:31
  MARKIAN FRONT: You don't need a 40 tab spreadsheet at the beginning.
• 8:35
  MARKIAN FRONT: You just need a quick yes no or maybe filter, because coincidence comes after repetition, not before.
• 8:42
  MARKIAN FRONT: Okay.
• 8:43
  MARKIAN FRONT: Now if you're wondering what is like some easy back of the napkin math trick that you can do to help you filter out.
• 8:49
  MARKIAN FRONT: A property as far as the numbers go, as far as a rental would go, okay, here, here's the easiest way you can do it.
• 8:56
  MARKIAN FRONT: All you have to do is first find out what the projected rent's gonna be and be conservative on this, by the way.
• 9:01
  MARKIAN FRONT: So how much are you gonna be able to rent it out?
• 9:03
  MARKIAN FRONT: And then you subtract these numbers.
• 9:05
  MARKIAN FRONT: Okay?
• 9:06
  MARKIAN FRONT: Here's the, here's the mnemonic you can use to help you remember.
• 9:09
  MARKIAN FRONT: P-I-T-I-P-M-M-V.
• 9:11
  MARKIAN FRONT: Okay, so what that stands for is principal and interest taxes, insurance, property management, maintenance.
• 9:17
  MARKIAN FRONT: And vacancies.
• 9:18
  MARKIAN FRONT: And then I actually like to add in reserves as well.
• 9:20
  MARKIAN FRONT: And that's it.
• 9:21
  MARKIAN FRONT: So if you can take the rent and subtract all those numbers and you're still left with something, you are in good shape.
• 9:27
  MARKIAN FRONT: Now.
• 9:27
  MARKIAN FRONT: Step six, set a weekly cadence.
• 9:30
  MARKIAN FRONT: This is where people fall apart, okay?
• 9:32
  MARKIAN FRONT: They do one big burst of learning and then nothing for like three weeks, okay?
• 9:38
  MARKIAN FRONT: A plan requires rhythm.
• 9:40
  Cedric: One hour per week.
• 9:41
  Cedric: Review deals.
• 9:42
  Cedric: Talk to your lender.
• 9:43
  Cedric: Talk to your agent.
• 9:44
  Cedric: Adjust your criteria.
• 9:45
  Cedric: Make offers when ready, like write down that cadence and knock out the, it's a checklist really, but do it on a timeline at the same time.
• 9:55
  Cedric: Same place every single week.
• 9:57
  Cedric: That's it.
• 9:58
  Cedric: That's the skeleton.
• 9:59
  Cedric: That's a plan.
• 10:01
  MARKIAN FRONT: So, okay, here's, here's a truth bomb.
• 10:04
  MARKIAN FRONT: And this is like why you keep doing the, starting it over a lot, like a lot.
• 10:08
  MARKIAN FRONT: I mean, I, I don't know who you are out there listening to this right now.
• 10:11
  MARKIAN FRONT: Maybe you're crushing it.
• 10:12
  MARKIAN FRONT: But I do know that a lot of our listeners, just because of sheer statistics, are probably just that listeners.
• 10:20
  MARKIAN FRONT: And so I'm talking to you, I want to help you and I want you to actually get results and change your life.
• 10:26
  MARKIAN FRONT: Look,
• 10:27
  Cedric: people don't fail because they can't do real estate.
• 10:31
  Cedric: They, they fail because they never commit to a plan long enough for it to compound.
• 10:36
  Cedric: They keep restarting new market, new strategy, new podcast, new guru that they're watching on TikTok or whatever new spreadsheet, right?
• 10:44
  MARKIAN FRONT: And you end up with the same results.
• 10:47
  MARKIAN FRONT: If you want results, like real results, you need a boring plan.
• 10:50
  MARKIAN FRONT: You can execute while tired.
• 10:52
  MARKIAN FRONT: Eric Upchurch my, uh, my partner.
• 10:55
  MARKIAN FRONT: He, he said, he, he said, this line that has stuck with me for a very long time, he's like, he's like, boring is good.
• 11:00
  MARKIAN FRONT: We like boring, right?
• 11:02
  MARKIAN FRONT: Boring gives you capacity and head space to optimize, to make better, to learn lessons.
• 11:06
  MARKIAN FRONT: If you're constantly on fire and chasing you, you might not even be able to get better at what you're doing, right?
• 11:12
  MARKIAN FRONT: Give yourself the ability to get better.
• 11:15
  MARKIAN FRONT: Stack the deck in your favor.
• 11:17
  MARKIAN FRONT: So again, if you want real results, you need a boring plan.
• 11:22
  MARKIAN FRONT: You can execute even while tired.
• 11:24
  MARKIAN FRONT: Because military life will keep happening.
• 11:27
  MARKIAN FRONT: The PCSs, it will keep happening.
• 11:29
  MARKIAN FRONT: If you're active duty, kids will keep happening.
• 11:31
  MARKIAN FRONT: Maybe you have to stand duty too much that month or whatever.
• 11:34
  MARKIAN FRONT: Life will happen all over the place, right?
• 11:37
  Cedric: Your plan has to survive real life, and on top of that real military life, right?
• 11:43
  Cedric: So here's the challenge.
• 11:45
  Cedric: Stop watching videos for like seven days.
• 11:47
  Cedric: Just write it down right now.
• 11:49
  Cedric: I'm gonna stop watching videos for seven days.
• 11:50
  Cedric: Stop what you're doing mentally.
• 11:51
  Cedric: Decide that right now you're gonna stop watching a bunch of videos and tiktoks and reels for seven days.
• 11:56
  MARKIAN FRONT: And instead, build this plan We talked about.
• 11:59
  MARKIAN FRONT: Figure out what your financial freedom number is.
• 12:01
  MARKIAN FRONT: Write down the strategy, the market, the purchase team, your deal filter.
• 12:06
  MARKIAN FRONT: Then a wait weekly cadence.
• 12:08
  MARKIAN FRONT: If you want help mapping that plan with people who actually understand military life.
• 12:14
  MARKIAN FRONT: That's what we do here at A DPI, right inside A DPI.
• 12:16
  MARKIAN FRONT: That's what we're all about.
• 12:18
  MARKIAN FRONT: I mean, education is everywhere, but execution is truly rare, and that's the difference.
• 12:25
  MARKIAN FRONT: All right, go ahead, build the plan, and I'll see you in the next episode.