Eric Upchurch is the Co-Founder of Active Duty Passive Income, the premier military real estate investing education platform and community in the US, with over 62,000 military and veteran members.
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Guest Resources
ActiveDutyPassiveIncome.com – The Secret is Out: How Military & Veteran Investors Use Rental Properties To Build Passive Income.
MilitaryRealEstateInvesting.com – Join the community on Facebook and connect with Eric!
3 Value Bombs
1) Purpose and service – those two things will end veteran suicide and homelessness. When you see a veteran who’s struggling, help them find a club, a meetup, mentor them, tell them that they can do something great, give them a new sense of purpose… and they will be amazing.
2) Life is short. The older you get and the more you explore, the more you’ll realize the only thing that matters is the smile on your face. So go do what you love and don’t care what anyone else says about it. That’s all you got.
3) House hacking is when a military member understands and takes advantage of their earned benefits that are unique to military members – past and present – who have served, and how they maximize their cash flow opportunities.
Sponsors
HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
ZipRecruiter: Let ZipRecruiter help you find the best people for all of your roles! Try ZipRecruiter for free at ZipRecruiter.com/fire!
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Military Real Estate Investing, Ending Veteran Homelessness and Veteran Suicide This Decade
[1:16] – Eric shares something that he believes about becoming successful that most people disagree with.
- You do not have to have money to make money. You have to know people and you have to make an impact or add value to them, and they have to know you.
[2:57] – Active duty, passive income.
- They’ve created a group of 62,000 members, military and veteran members and their spouses and families, growing at about 5% per month and maintaining an 82% engagement rate.
- The reason why it’s transformational for people is because they listen.
- Active duty, passive income is doing amazing things for people, changing lives, and saving lives.
[5:05] – Military house hacking.
- House hacking is when a military member understands and takes advantage of their earned benefits that are unique to military members – past and present – who have served, and how they maximize their cash flow opportunities.
- 13% of veterans have used their VA loan.
[7:13] – The importance of finding purpose and passion in our lives after serving.
- Those who’ve served our country are some of the most diligent, capable, responsible, and productive members of society, but they have to have new purpose as they transition out.
- You can become successful in whatever you want and continue to serve and change lives, but you’ve got to find that new sense of purpose.
[8:54] – A timeout to thank our sponsors!
- ZipRecruiter: Let ZipRecruiter help you find the best people for all of your roles! Try ZipRecruiter for free at ZipRecruiter.com/fire!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
[12:13] – Ending veteran homelessness and veteran suicide.
- When we serve, we’re given a purpose. When we exit, all of the accomplishments, pats on the back, awards you used to have… they will be stripped away.
- When you hit that guardrail as you’re steering off around that corner, your internal body parts continue forward and leave wake in destruction. That is exactly what happens to a veteran. Whether they’re conscious about it or not.
- There’re 3000 cities on the wait list for VCP to come into their town and end the problem of veteran homelessness.
- Purpose and service, those two things will end veteran suicide and homelessness.
[19:14] – Success formula to achieve everything we want in life.
- Learn all you can through books, podcasts, and available resources.
- Network at meetups, at conferences – virtual or in person – wherever you are.
- Add as much value to others as you possibly can. You’ve got to intentionally network. Listen to their problems and see where you might be able to help.
- Take consistent, decisive action. Don’t get caught up in just learning. If you don’t take action, if you don’t put this into motion, you will not go anywhere.
[21:25] – Eric’s key takeaway and call to action.
- Whatever it is you want in life, you can go get it.
- Life is short. The older you get and the more you explore, the more you’ll realize the only thing that matters is the smile on your face. So go do what you love and don’t care what anyone else says about it. That’s all you got.
- ActiveDutyPassiveIncome.com – The Secret is Out: How Military & Veteran Investors Use Rental Properties To Build Passive Income.
- MilitaryRealEstateInvesting.com – Join the community on Facebook and connect with Eric!
[22:00] – Thank you to our Sponsor!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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