CDL: Cash Flow in my Dad Life...

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Then from homelessness to finally figuring it out...

So the big question is this, how do you become financially free in today's world where you can do what you love doing, spend time with the ones you love and provide for your family without being chained and selling your soul to a nine to five corporate America job without having to sacrifice going out to eat so you can pay off debt faster for the question isn't.

How do you save for? The question is how do you make more without spending more time?

That is the question and this podcast has the answers. My name is Ryan Enk and this is Cash Flow Dad Life...

Hey, what's up everyone? Welcome to cash flow. This is episode one you are getting in at the ground breaking event here and today I want to give you my big why I'm doing this podcast for you. I'm so excited to be doing this for you guys because I can't wait to share with you different strategies to freeing yourself financially by developing different passive income streams.

OK, so just to give you an idea of where I'm coming from, but most importantly, how I can help you. I want to give you a little bit of my backstory...

So I live in the New Orleans area. I've kind of moved all over the place as a kid, but I live in the New Orleans area now because I married a girl from New Orleans. And when you do that, you gotta move there forever.

So I'm married and I've got five kids myself...

They're all boys. I do not know how to make girls...

I've tried everything that's permissible. Uh, but I, uh, I can't seem to figure it out, but the good news is I'm not a quitter.

So we'll see what happens in the future...

If anybody's got any, uh, suggestions, please just keep them to yourself because, you know, when I get these suggestions, they're just weird. Um, had any rate, I've got what I call my two epic binges in life right after college.

When was this epic binge of bad things happen to me slash failure slash doing stupid things.

And then the second epic Benj was this epic badge of success. And so, uh, I started right out of college, first of all, I went to college, that was a bad decision to begin with, a because it's paid about $16,000 a year.

The cause I went to, I think it went up to 20,000 by the time I graduated and I got massive amounts of college debt, which were told that if you go to college you'll get a good job or a high paying job.

Like the first job I got like barely paid for two years worth of college. And of course it's not like you're paying college with that money, you're trying to live off of it. So the first job I got was a teaching job actually making $24,500 a year. I kind of embellish that a little bit because they actually did pay me an extra $5,000.

But the caveat was I had to drive a bus. I had a coach, two sports, and I had a moderate three clubs...

So with that extra money, that extra $5,000, what I was able to do was actually eat ramen noodles every single meal because that's all that I could afford. And of course, you know, when I'm starting out I decided to, uh, you know, not having any money. We got married and uh, and got pregnant right away and eight months later we lost our house to Hurricane Katrina.

That's when, I don't know if you guys remember Hurricane Katrina hit New Orleans.

It completely smoked us...

So I was homeless, didn't have a place to live for awhile. Wife was eight months pregnant and I also lost my job at the school that I was teaching because it was six feet under water and then, you know, I'm struggling to provide them thinking, wow, how am I going to be able to, you know, for this kid coming and they need a place to stay and all this.

So I immediately went into the mode of trying to find jobs...

So I went on over a hundred job interviews and if there was one thing that I was really, really great at, it was getting told no for jobs that I interviewed for. And you know, it's like that scene from Tommy boy, I don't know if you guys have ever seen Tommy boy where he's in an elevator and he's like, I got a tiny head know that was me after every single job interview.

I'm like, why won't anybody hire me to do a tiny head?...

There's something wrong with my face. Is it the, the way I'm wearing these clothes are walking. Like I just couldn't get it. So you know how a lot of people like, they're like, I was born an entrepreneur. Well I was kinda forced into entrepreneurship because nobody would hire me and I had to somehow figure out a way to, to provide for my family. So I was like, well nobody's gonna hire me.

Then I got to hire myself. So I tried to start my own business and one of the major mistakes, like I like talking about it and in retrospect I'm like, what was I thinking? I like to try it. I had a friend from high school and he had kinda gotten into drugs a little bit and uh, and I thought, hey, I'm starting a brand new business that's not risky enough, why don't I hire him and try to help him in the process of starting this new business?

And what ended up happening is I ended up getting about $4,000 taken out of my bank account and he moved to Australia with it. So that was a colossal failure number 70, whatever it was. At that point I started acquiring more and more credit card debt. And then finally after this, this business just completely crashed and burned.

I was finally one of my resumes...

Went through, I did something right and interviewed for a job and I actually got the job...

It was a job selling copiers. Now, if you can imagine like the most soul killing experience, waking up with anxiety every single day, going into a cubicle, like literally just having to use the bathroom 10 times a day because I don't want to get on the phone and call somebody and sell them something, a copier. The copy is like the thing that makes everybody angry in an office.

Think about an office setting, like what could possibly make people more mad than the copier. You know, even when I was a teacher, I kicked that sucker a couple of times. Um, but you get to be the guy that comes into the office and be like, Hey, I'm completely unwelcome here. Uh, but not only am I on welcome here, but also, uh, I want to sell you something that you hate. You know, that was, that was my job.

Very cutthroat...

And uh, there's 34 people involved in the transaction. I could do everything right and any of those when people could do something wrong, but I'm the only point of contact for the customer. So, you know, you get the brunt of all those problems. So, you know, and then I thought, well, at least it's a secure job, will run, wasn't really secure. The company ended up getting sold later.

There was massive layoffs and uh, there was um, there was like, you know, the healthcare wasn't that great. You people say, Hey, good to get a job and get good benefits. Like that's a total lie in my opinion, you know, the benefits you and when you're an entrepreneur you can afford benefits, you know, and uh, the benefits don't outweigh a imprisoning yourself to a corporate environment doing something that you hate every single day.

And if my family wanted to go out to eat at this point, we had a couple kids like to do, you know, when you're going through a traumatic, uh, trying phase, trying to financially provide for your family, what you do is you just start having more kids. And that's what I did.

So by family wanted to go out to eat, we literally had to go find couch cushion money in order to do that...

Now this is really embarrassing, but at the lowest of my lows, I couldn't afford gasoline for my truck. So I actually, uh, would get up really early in the morning, not because like it was a great success habit, but because I didn't want anybody seeing me because I would ride my wife's pink bike into work because I couldn't afford that gasoline.

And then at that point, that's where I just hit them, hit a brick wall and I was like, you know what, no more, I can't do this anymore.

There's gotta be a better way. I'm working my butt off, I'm spending all this time. It's not yielding any fruit to keep on having these kids. You know, I got to do something.

So what I ended up doing is what really changed things for me is a education and implementing what I learned...

So I just started reading every single book I could get my hands on. I was interested in real estate. So I started with real estate and learning how to invest in real estate with no money and everything that I learned I implement. And I took all these online courses and uh, and so yeah, I just, I tried it, I failed it and then I succeeded at it and I just kept on implementing until I got really good at it.

And so within one year I started buying real estate and other assets with no money down. I bought house after House, after House after house, uh, I wholesaled, I flipped it, multi-family apartments. Um, uh, I, I did bond for deed, I did lease purchases, I did pretty much everything you could do in real estate and I built a $2,000,000 indoor sports arena.

And then another one...

And then I bought some commercial property. I did short term vacation rentals. And then I took what I learned from vacation rentals and I created a rv rental business. And um, I bought and sold and cash flowed on over a hundred assets in one year.

And I made enough passive income from my wife to quit her job as a nurse so she could spend more time with our kids. I made enough passive income to fire my boss and I made enough income to fire myself as my own boss and then I increase my net worth to over a million dollars in one year, and then I traveled all over the US with my family in an RV and the yacht and I bought my dream home on the river.

So what I want you to know is that if you're in a position where you're struggling to provide for your family, if you're under this corporate crushing debt or just soul killing job, if you're living like five feet in front of your face, you know, just being in the rat race, trying to survive instead of 500 feet up where you have this vision of your life and the way that you want to help and serve others the way that you want to grow your business or, or, or just have, have freedom with your family.

It's not hard. It's not hard to make enough passive income to quit your job and live life on your own terms or to grow your net worth $2,000,000. It's actually, it's, you know, people hate when I say is actually kind of easy.

Uh, the problem is two things. People either don't know how they're not educating themselves on how or they're not willing to invest in their education like the right kind of education, a college education, but actual specific education on how to do things or they learn how and they just don't implement it. Right?

So in this podcast, what I'm going to be doing is I'm going to be giving you guys the strategies and ways to help you actually implement those strategies. And my goal is to help you to just financially free yourself because I believe that the world is actually better when everyone is living out their calling.

You know, how many people you know want to be a musician but it just doesn't pay the bills or they want to be an artist, but it just doesn't pay the bills or they want to be a comedian, but they can't because they're too busy working.

They're too busy in the rat race that they can't see their life from 500 feet up...

And how many people had to miss something special to their kids because of work. OK, what I want to do is I want to give you as many different ways for you to just truck out creating passive income for yourself so you can be financially free so you can actually serve. It's not about not working right now for some of you might be about networking.

For me, it's not about not working...

It's about how do I serve others at the highest level...

That is my why...

OK, who do you want to help? Why do you want to help them? And how can you do that? Most times you do that when you're chained to a corporate environment, when you're in the rat race, you have to be financially free to really help people. OK? Are really set a allocate time to helping others. So, um, so make sure that you guys subscribe and get notified when a new podcast is released.

Cause each episode could potentially change your life...

And it would definitely help you be a better provider for the ones that you love. And if not, hopefully, at least it makes you laugh. All right guys, until next time, my name is Ryan Ache and you were listening to CashFlowDadLife.

Thanks for listening. Please remember to rate and subscribe. You're going to want to listen to every episode because each episode we'll have an idea or a strategy that changed my life and could change yours.

It only takes one for more information and for some great passive income investing resources. Check out my website, cashflowdadlife.com. Until next time, my name is Ryan Enk and this is cashflow dad life.

58 episodes available. A new episode about every 3 days averaging 23 mins duration .