• Wisdom Wednesdays: Develop Multiple Streams of Passive Income: A conversation with Allen Lomax

  • Jul 24 2024
  • Duración: 34 m
  • Podcast

Wisdom Wednesdays: Develop Multiple Streams of Passive Income: A conversation with Allen Lomax  Por  arte de portada

Wisdom Wednesdays: Develop Multiple Streams of Passive Income: A conversation with Allen Lomax

  • Resumen

  • I inspire professionals to escape the tyranny of exchanging time, energy, expertise, and talent for money by empowering them to develop multiple streams of passive income. Time and economic freedom are core liberating forces that allow us to passionately engage in our calling and significantly impact humanity and the planet. My Story: I'm a seventh grader, and an unexpected TV special on homosexuality comes on. This is the first I've heard of homosexuality. Like a ton of rainbow bricks, I'm hit with the reality that I'm gay. This revelation, combined with undiagnosed dyslexia and schoolyard bullying, led to two decades of persistent depressive disorder. Despite feeling directionless, I graduate college, marry, and struggle with dead-end job after job. After divorce and therapy, I earn a master's in counseling, become a university counselor, attain a PhD, and excell in higher education leadership and real estate investment. The 2008 financial crisis cost me everything, forcing deep introspection. I realize I'm still that 7th-grade gay boy consumed with homophobic self-hatred with an intellectual inferiority complex. Two decades after my first therapy, I confront the core issues. Step out of a closet bigger than a Kardashian's, label the intellectual challenge for the dyslexia it is, and embrace both my dyslexia and fabulous gayness. Worthy of self-acceptance and wealth, I build passive income, lead in education, and help others flourish. Those schoolyard bullies can call me Suzie—As I live abundantly and flourish, I get the last laugh. Possible Topics; Five drivers that propel financial well-being to live abundantly while passionately engaged in the work of our calling. How do multiple streams of income remove the tyranny of exchanging time for money? Transformational growth from the inside out. Contact Info and Social Media Links: allen@steedtalker.com www.steedtalker.com www.linkedin.com/in/allenlomax/ www.facebook.com/allen.lomax/ Quick recap Michael and Allen discussed the importance of diversifying income sources for financial stability, with Allen sharing his personal journey of overcoming challenges to build a successful career. They also emphasized the significance of authentic leadership, self-discovery, and addressing core issues for personal growth. Lastly, they explored the advantages of investing in multi-family housing units and offered guidance for professionals seeking to create multiple sources of income. Next steps • Professionals to explore passive income opportunities like real estate investing, starting an online business, or investing in stocks to create multiple income streams and achieve financial independence. • Professionals to schedule a complimentary strategic consultation with Allen at steedtalker.com/strategy to clarify their vision, solve challenges, and get a blueprint for moving from exchanging time for money to financial freedom. • Listeners to consider investing in apartment complexes or commercial real estate due to high demand, stability, and potentially higher returns compared to other asset classes according to a Federal Reserve Bank study. Summary Diversifying Income Sources and Conversation Michael and Allen had a discussion about the importance of diversifying income sources, especially in times of economic uncertainty. Michael emphasized how having multiple revenue streams can alleviate stress and provide a cushion, which Allen agreed to. The pair decided to continue an organic, unscripted discussion with Allen sharing his personal story about a special on homosexuality that exposed him to new concepts. They planned to continue the conversation for around 20 minutes. Allen's Journey to Self-Acceptance and Success Allen shared a candid and personal account of his struggles with dyslexia, internalized homophobia, and intellectual inferiority. He described his journey from feeling like a misfit and outcast in his school years to eventually embracing his dyslexia and sexuality, and finding self-acceptance and success. Allen shared how he overcame his challenges, including his disorienting college experience and financial loss during the 2008 recession, to build a fulfilling career in higher education and amass wealth through real estate investments. He emphasized the importance of facing and resolving one's core issues to achieve a sense of self-worth and acceptance. Leadership, Authenticity, and Self-Discovery Allen and Michael shared their insights on leadership, emphasizing the importance of authenticity, self-acceptance, and addressing one's core demons. Allen pointed out that everyone has unique gifts and skills to offer, and that true leadership comes from a place of authenticity and genuine concern for others. Michael added that mental health issues should not stigmatize individuals seeking therapy and that embracing one's true self is essential for personal growth. Both underscored the importance of self-discovery and self-awareness as ...
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