1st Birthday Special Episode
Welcome to the 52nd episode of the podcast!
This episode marks the 1st Birthday of The Simon Smith Show, time really does fly, to celebrate I have a special announcement…
In celebration of the 52nd episode and the 1st birthday of the podcast, I am going to do a Q&A on my youtube channel. It’s going to be massive, and you will have the opportunity to ask me any questions you have around Rent-to-Rent and property investment (replay available below).
When I decided to start the podcast, one of my reservations was there enough content to talk about because my vision was only to provide as much value as possible. In all 52 episodes, we’ve only had three guests up until now, with the podcast focusing on Rent-to-Rent, Creative Cashflow Strategies, HMO and Serviced Accommodation, and it’s been amazing!
I can’t wait for next year to try new things, but of course, there will still be loads of bread and butter Rent-to-Rent content. We will be talking about the next step in my journey: how to re-invest the cash flow you have created from Rent-to-Rent into purchasing a property using the BRRRR strategy.
I’m still highly active in my business, currently hiring more staff, to have the opportunity to remove myself from the business further if I wish. So I can scale even faster and focus on other areas of my business. So I will cover that in more detail in future episodes also.
See below the replay of the special Rent-to-Rent Q&A from my youtube channel. If you haven’t already, head over to youtube and make sure you subscribe!
Podcast Transcript↓
Today is our first birthday. Thank you so much for all the support and stay tuned to get your invite to an exclusive Q and a first birthday party, weak
[00:00:18] I'm Simon. And a few years ago, I decided I wanted to make a change. I wanted to create a passive reoccurring income to support me and my family. And a legacy for the future, a future fast forward two years, and I've managed to generate over 10,000 pounds worth of monthly passive income. I've set up the business, scaled the business, and now I've systemized the business to free up my time.
[00:00:47] So join me to find out how I've done it. How well does it do in it every day and how you can do it too.
[00:01:10] I'm Simon. Welcome to the 52nd episode of the podcast, where we talk all things, property, creative cashflow, and of course, how to be financially independent today. Not in 20. Five years and it's surreal. We've been going for 12 months, 52 episodes. It's our first birthday. And wow. It's, it's amazing. It feels great to have put a body of work out there and to have committed to every single week.
[00:01:47] And we've not missed a single beat. And that feels great special announcement. In celebration of this, we are doing a Q and a, this Thursday, this Thursday, we're going to be doing a special Q and a on YouTube. I'm going to put the link in the description of this podcast and make sure that you get your questions ready and you join.
[00:02:13] Over there. It's going to be massive. Any rent to rent questions, any property questions, any questions you've just got that you want to ask me? Um, June the 24th is a Thursday. We're going to be doing a Q and a, and I'll put the link in the description. So today's episode, I was thinking, what can I speak about.
[00:02:36] You know, what do I want to share? What should this episode be about? And I ended up feeling like it was only right, just to do a bit of a review of the year. Um, you know, a little bit of a reset as we look to grow and scale in year two of the podcast. But first things first, if you've been supporting. Um, you know, over these last 12 months, whenever you jumped in and if you've got great value from the podcast, I appreciate it.
[00:03:10] Thank you very much. Um, a lot of you have been hitting me up on Instagram at Simon Smith online. So please, if you haven't already feel free to reach out anytime I'm always here to help and do me a favor. If you've not already done this, please. Go on to whatever your podcast platform is and drop us a five star review and give me feedback as one of the things or the, um, you know, What's what's the best word to describe this?
[00:03:42] One of my reservations, um, when I decided to start the podcast was I had a vision of it mainly being me just giving value. And, you know, we had some concerns about whether that would get a bit boring or, you know, whether I'd have enough to talk about. And as you will know, if you've been following, I think we've had about three guests in the whole week.
[00:04:05] And it's mainly just been about me giving value, um, specifically on rent to rent, rent, to essay, rent, to hate Shemot. Um, and we will evolve as a podcast. We will be trying new things. We will be talking a little bit more about the next step, um, which is brr and how you now hopefully weave a rent to rent or to use that cashflow, to buy properties as well.
[00:04:32] But there will still be loads and loads of the bread and butter, which is the cashflow strategy rent to rent. Um, and any requests you've got hit. So let's do a little review. When I start the podcast, the cashflow was around 10 K consistently. We had over 20 deals. Um, and it, it feels to me like we've essentially doubled that in this year.
[00:05:00] Amazing. And I don't say that to brag as always. I just say that to share and to hopefully inspire and let you know that this is possible. And most importantly, that I'm still very, very, very active in terms of my business. And that is my main priority. I want to scale. Yeah. You know, I've been mentoring and I can help people and got a great mastermind, which kicked off last week for people getting one to get their first deal.
[00:05:30] But the main thing is the main thing, and that is the property business creating cashflow. So we've done tons of deals, cash flows increased. We've also hired. Which has been amazing because it gets to a point where you can't do it on your own. And you also don't just want it to be you and your spouse or you and your mom or you and your kid or whatever you do want to be able to outsource outside of the family.
[00:05:57] So you become a solid business that still works without you. That's the question you got to ask yourself, does your business work without you. And if the answer to that is no, which in 99.9% of businesses, that is the reality, then it is not a solid set, a saleable business. You got to remove yourself from the business.
[00:06:25] And that's what we've been working on. We actually hired people last week to continue to grow and scale. And the next phase, the next phase now, To completely remove myself from the business. If I so pleased, I still, I love it. I want to be involved. Um, but it's to remove myself further and to just look at scaling into different areas and having new ideas and developing this concept because that's what you got to do.
[00:07:00] You got to always stay here. So they're the goals. I've got an amazing podcast episode lined up for next week. Um, I'm going to give you an update on the five deals in two months, challenge that I set myself, uh, after three weeks, we'd done two sort of two and a half deals. I'm about to sign on a third, um, which we'll be going back and forth a little bit about I've got about three, four weeks left now to do two more deals.
[00:07:30] Um, but I kind of felt like I wanted to give myself a challenge, five deals two months, let you know, is definitely possible. So update on that next week. And of course on Thursday, this Thursday live on YouTube. We're going to do a one year party, um, where I'm going to be doing full Q and a. So any questions that you've had over the last year, any questions that you've got right.
[00:07:54] Join us over there. Be ready. Um, YouTube channel at Simon Smith online. I'll link it below and let's have a party and celebrate this. And before I head off, I just wanted to, you know, drop a little bomb and it's about consistency. And holding yourself accountable because that's one thing that I have done with this podcast and I've not done in other areas of my life in the past.
[00:08:22] I remember when I first told everyone, yeah, I'm going to do a podcast, have wicked. What you think you lie once every month or whatever. Like now I'm thinking like once a week, well, it ain't easy to commit to that. You know, it's a lot of work, but I knew it needed consistency and I knew it needed to be there for you to add value.
[00:08:42] And there's been times when I've had to record the podcast. Last minute has been times when other things have got in the way and I've had to stay up late or get up super early. But the great thing about being consistent and showing up for yourself is that it ripples into other elements of your life.
[00:09:04] And I think if I'm honest, consistency has been one of the keys to me. Building my property business quite quickly. So in terms of value, I just want that to be something that everybody takes away from this episode, whatever you're going to do, just be consistent. You don't have to do the most, but just whatever you do, set aside a certain routine, stick to it, and you will be successful.
[00:09:38] And that's what I've done with this podcast. I'm extremely proud of it. It's evergreen content. I'm really, really, really, really happy about it. And I'm so, so grateful for all your support. So happy birthday, and I will see you on Thursday for the Q and a take care. Oh yeah. And don't wait 25 years. Okay.
[00:10:06] Great.
[00:10:18] Thanks for listening. For more information, check out Simon Smith, online.com. See you next time.