Pay or Quit
Welcome to Pay or Quit, the podcast for entrepreneurs and business owners who are ready to face the unfiltered truth of what it takes to succeed. Hosts Tony Cline and Shawn Johnson, bring you a show that goes beyond the polished success stories and dives into the real, messy, and often challenging aspects of business ownership.
This podcast is designed for those who sometimes feel alone in their entrepreneurial journey, struggle with imposter syndrome, and find themselves on the brink of burnout. We understand the highs and lows you face, and we're here to provide the reassurance and candid insights you need to keep pushing forward.
Tony and Shawn aren't afraid to tackle the tough conversations and offer their seasoned perspectives on what truly matters in business. From industry trends to personal challenges, each episode cuts through the noise and delivers the raw, unvarnished truth. Expect in-depth discussions, spicy takes, and occasional interviews with guests who are ready to confront the hard questions head-on.
Tune in every week to get a behind-the-scenes look at the realities of entrepreneurship. It's not always pretty, but it's always real. Buckle in, because it might get messy.
Pay or Quit
Killing Complacency: From Alpaca Shearing to Real Estate Mogul | Marty Hofmann
From Alpaca Shearing to Real Estate Investing and Beyond
In this episode, Marty Hofmann shares his journey from an agricultural upbringing to becoming a serial entrepreneur with ventures in real estate investment and alpaca shearing. Emphasizing the importance of mindset shifts and intentionality, Marty discusses his transition from traditional to entrepreneurial paths, the interplay between personal experiences and business pursuits, and how running marathons informs his approach to entrepreneurship. The episode also discusses the challenges of managing properties, leveraging assets for business growth, and maintaining work-life balance in entrepreneurial ventures.
Check out Marty's podcast, Kill Complacency here: https://podcasts.apple.com/us/podcast/kill-complacency/id1734476089
00:53 Marty's Background and Early Entrepreneurial Ventures
02:49 The Transition to Real Estate Investing
11:07 Challenges and Lessons in Property Management
14:15 The Power of Leverage in Real Estate
16:35 Balancing Debt and Investment Strategies
17:46 The Case for Leveraging Other People's Money
18:30 Leveraging Tenant's Money for Debt
18:38 Marriage Struggles and Financial Freedom
19:01 Getting on the Same Page with Your Spouse
19:33 Analyzing Real Estate Investments Together
20:53 Switching Gears: Building a Real Estate Portfolio
21:28 Starting a Podcast: Kill Complacency
21:42 Teaching Real Estate and Mindset Shifts
22:53 Running Marathons and Setting Big Goals
23:48 Mindset Shifts Through Running
25:08 Learning from Long-Distance Running
31:30 Entrepreneurial Struggles and Lessons
31:49 Deepest Darkest Moments as an Entrepreneur
34:29 The Reality of Entrepreneurship
35:13 Opportunities and Shiny Object Syndrome
38:10 Problem Solving in Business and Running
40:21 Contributions to the World and Final Thoughts
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Tony's Newsletter: pmsuccess.com/pay-or-quit-podcast
Shawn's Newsletter: https://shawnaustinjohnson.beehiiv.com/
Follow Tony:
X: https://x.com/pmsuccessco
Website: www.pmsuccess.com
YouTube: https://www.youtube.com/@pmsuccess-co
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X: https://x.com/shawnAJohnsonX
Website: https://www.shawnaustinjohnson.com/
YouTube: https://www.youtube.com/@shawnaustinjohnson
