CFD 246 - Kim Ades Opens Our Minds to What’s Possible for ALL Entrepreneurs Everywhere!

02/08/16 • 41 min

Today’s Cash Flow Diary podcast guest Kim Ades is the president and founder of Frame of Mind Coaching and JournalEngineTM Software. If that’s not enough, she’s also an author, speaker, entrepreneur, coach and mother of five! Whew... that’s a plateful.

What else is Kim recognized for? She is one of North America’s foremost experts on performance through thought mastery. By using her unique process of integrating online journaling in her coaching, Kim helps her highly-driven clients to examine and shift their thinking in order to yield extraordinary results.

As anyone who knows me will attest, I love journaling! That’s what Kim tells us to do, too. It helps us transform our thoughts to actions to successes. What can be better than that?

Personally, I use journaling to help me think through things that are going on in my life, including business and deals. Of course, I add a layer to that part by doing video diary entries. If you’re a Cashflow Core Member you may have watched some of them. (If not, why not?)

If you think about it, my book is kinda like a big journal, so you know I love what Kim has to say in this introspective interview that shows you the path to entrepreneurialism is usually full of twists and turns.

Kim says she wasn’t always the outgoing entrepreneur you see today. She was once a very shy child who would sit at her bedroom window watching other children play. However, over time she got interested in earning money through her own efforts, so she offered different services and even started a balloon business. She developed her sales skills and she learned how to close more business than she ever thought possible.

Trying the corporate J-O-B path for a short time, Kim realized that wasn’t for her. She wanted to teach youth life skills. She would get up in the middle of the night to write her plan on the backs of napkins. She learned to ask people for what she wanted... including office space, which she got, BTW.

Kim also learned to network and build relationships. She didn’t let challenges or fears get in her way. Not even the lack of support for her ideas stopped her. Not bad for a once-shy child! Though I had never met Kim before this interview, I resonate with literally all that she shared with me. For this episode you will want to listen closely and then pull out your journal and start writing! Learn more. LISTEN NOW.

As anyone who knows me will attest, I love journaling! That’s what Kim tells us to do, too. It helps us transform our thoughts to actions to successes. What can be better than that?

Previous Episode

CFD 245 - “You Gotta Risk It to Get the Biscuit!” says Richard Wilson.

Who is Richard Wilson? He started out as a risk management expert who was bored. He suffered from the “golden handcuff” syndrome. Now he is an understated, somewhat quiet expert on family office syndication who has a lot to say about a topic on which it’s tough to find a lot of information. Richard made this space more efficient. But, as you might imagine, it wasn’t a straight path. He figured things out along the way as he saw the holes that needed to be filled in industry.

Today Richard is the CEO of The Miami Family Office, a $500M AUM single family office. (If you don’t know what this means, go to Richard’s site and educate yourself... AND listen to this episode of my Cash Flow Diary podcast.)

Richard is also the founder of Wilson Holding Company, which produces over $10M annually in revenue through various operating businesses including Billionaire Family Office and The Family Club, the largest membership-based family office association, along with holdings in the training, single family office management, investment conference, search, data research, physical bullion, private equity, food, and energy industries. That’s really impressive.

Richard has spoken at over 150 conferences in 17 countries and has the #1 bestselling book in the family office industry, The Single Family Office: Creating, Operating, and Managing the Investments of a Single Family Office.

We’ve never tackled the topic of family office syndication before, so make sure to give this episode your full attention. There are a lot of lessons, including how to become an expert very young. If you pay attention, you will hear this guest tell you to move quickly and immediately implement what you learn... and to follow good guidance, no matter what! We talk about courage, too. Learn more. LISTEN NOW.

Next Episode

CFD 247 - Jefferson Lilly is One of the Happy “Trailer Park Boys” of Real Estate Investing

Okay, so he may not be the first person to discover the benefits of investing in trailer parks, but Jefferson Lilly does it really, really well! Part of Park Street Partners, Jefferson now spends most of his time helping other people to invest in real estate, and he is here today to share why he does what he does in trailer parks.

Jefferson describes trailer parks as a “quirky little niche.” Since there are maybe 1,500 mobile home parks that actually change hands every year nationwide, he’s right. But you know what they say... you can get rich in a niche! Maybe that’s why Jefferson’s smile is so bright it would make the Cheshire Cat envious.

So who was Jefferson before he became the mobile home park investment expert, educator, and industry consultant he is who has been featured in the New York Times, Bloomberg Magazine, and on the ‘Real Money’ television show?

Prior to co-founding Park Street Partners in 2013, Jefferson spent seven years investing his own capital at Lilly & Company where he acquired and continues to operate mobile home parks in the Midwest, and consults to mobile home park owners in California. But that’s not all.

Jefferson came from a corporate background and held leadership roles in sales. But after doing that for a decade he decided he wanted to build a lifestyle that would allow him to spend time with his family. Real estate investing was where he ended up after time working with a few extremely successful start-ups.

Then the real estate investing bug bit him. He looked at multifamily properties in different states. He scoured Loopnet time and time again. Everything that yielded the results he wanted were trailer parks. At first he was stubborn, refusing to take the plunge. Then he looked at the numbers and bought his first mobile home park in Oklahoma City. It ended up being a great call. He chose to be a full-time investor and then consultant to others who wanted to learn how to do what he did.

The long and short of Jefferson’s story is that he is living a life he’s passionate about. He’s learned how to “wash, rinse and repeat” in his niche. Jefferson is a very successful investor. Learn more. LISTEN NOW.