Mike Wolf takes us on his journey growing up in Canada, becoming a real estate investor, and building a portfolio of cash flowing rental properties that now serve to finance his lifestyle of full time world travel. He talks about his lessons from real estate investing and the value of buying “turnkey” rental properties. Mike then talks about his early experiences in the real estate education industry and shares some cautionary behind-the-scenes stories. Next, he talks about how he built his current coaching program, The Wolfpack, and explains how he scaled it to a 7 figure business in just 8 months. Mike then talks about his passion for making a positive impact, and shares some of his most meaningful experiences affecting positive change in the world. Next he reflects on how his interest in world travel developed and tells the story of how he took his daughter out of school in 2nd grade for two years to travel the world full time. Mike then reflects on the impact travel has had on him, why he continues to travel, how he designs his lifestyle, and how he sustains an exciting nomadic lifestyle over the long term. FULL SHOW NOTES AVAILABLE AT: www.TheMaverickShow.com
Episode #196: Nomading Full Time on Passive Rental Income and Building a 7-Figure Coaching Business in 8 Months with Mike Wolf
Episode Summary
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About the Guest
Mike Wolf
Mike Wolf is a professional real estate investor, who has been buying rental properties for over 30 years and now lives off of his passive rental income while traveling the world full time. He is also an entrepreneur, international speaker, philanthropist and passive income expert. His biggest passion is teaching other people how they too can create passive income through rental properties to replace their jobs with a lifestyle of freedom. He currently mentors a private group of students which he affectionally calls “The Wolfpack” on how to do just that and he scaled the coaching business to over $1 Million in revenue in 8 months. Originally from Canada, Mike has been a full time digital nomad with no base for the past 9 years and has now been to over 75 countries. He is a Tedx speaker and has also been featured on NBC, Fox and many other outlets.
What You'll Learn
- How to Travel the World Full Time off Passive Rental Income
- How to Build a 7-Figure Coaching Business in Eight Months.
- How to Create a Positive Impact and The Importance of Giving Back
Links From the Episode
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TOP 3 BOOKS THAT MIKE RECOMMENDS
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Work Week by Timothy Ferriss
- The E Myth Revisited by Michael Gerber
#1 PERSON WITH WHOM MIKE WANT TO HAVE DINNER
TOP 6 FAVORITE TRAVEL DESTINATIONS
TOP 3 BUCKET LIST TRAVEL DESTINATIONS
LOCATION WHERE THE INTERVIEW TOOK PLACE
WINE SHARED DURING THE INTERVIEW
OTHER PEOPLE MENTIONED IN THIS EPISODE
PLACES MENTIONED IN THIS EPISODE
OTHER BOOKS MENTIONED IN THIS EPISODE
CONNECT WITH MIKE
- Email: info@mikewolfmastery.com
- Website
Time Stamped Show Notes
**Click the time stamp to jump directly to that point in the episode.
[1:46] Matt and Mike Talk About How they Met 10 Years Ago
[3:28] Matt and Mike Talk About the Bansko Nomad Fest
[5:40] Growing up in Canada and Becoming a Real Estate Investor
[12:28] Buying Rental Properties for Passive Income and Lifestyle Freedom
[15:10] The Value of Buying “Turnkey Rental Properties”
[17:03] Cautionary Tales from the Real Estate Education Industry
[22:56] Mike’s Real Estate Mentoring Program, “The Wolf Pack”
[27:55] How to Build a 7 Figure Coaching Business
[30:38] Real Estate Investing vs. Speculating
[34:19] Mike’s Passion for Making a Positive Impact
[43:03] Developing His Early Passion for Travel
[46:50] Taking His Daughter Out of School for Two Years to Travel the World
[51:52] The Impact Travel Has Had on Mike
[56:26] Saying Yes to Opportunities Outside His Comfort Zone
[1:01:50] Mike’s TedX Talk and Reflections on Freedom, Happiness and Fulfillment
[1:06:27] How Mike Designs His Nomadic Lifestyle
[1:09:24] Tips for Sustaining a Long Term Nomadic Lifestyle
[1:11:40] What Travel Means to Mike
The Lightning Round
[1:19:42] How to Follow and Connect with Mike
