Connect with us

Business

4 Benefits Of Disconnecting Your “Always On” Culture

Published

on

(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.)

Technology is always in the palm of our hands – literally because it seems like every single person always has their phone in their hand or within feet of them. I can’t tell you how many people I’ve bumped into walking down the street with their heads in their phone … what a shame.

This has caused us to shift to an “always-on” work culture because we have immediate access to work emails via our cell phones along with files and everything else stored in the Cloud. It’s become an addiction, which has made us more productive —but has also created gigantic stress that needs to be re-looked at.

With this constant work mode, the lines are blurred between working hours and personal time. Is this a bad thing? Should we disconnect from this “always-on” work culture? I say … yes! If you can’t rejuvenate and shut down, it will always end badly. One of the positive impacts of AI and machine learning is that it can serve this role for us. A time saver, if you will, so we don’t have to lose our sanity.

DISCONNECTING HELPS REDUCE STRESS

A study by Kansas State University found that disconnecting from work is vital for the brain to function properly. Team members feel they always need to be available in order to show they are dedicated to their jobs, but this leads to high levels of both psychological and emotional stress. Work ends up draining your team’s energy and will easily burn out and become fatigued. It is so stressful to continue working around the clock with no true break.

DISCONNECTING IMPROVES RELATIONSHIPS

While checking your email outside of work may not seem like a huge deal, it does add up and takes away time with your friends and family. You’re never present when you’re being present to your devices. You don’t have the mental capacity to invest in important relationships and you also don’t have the time if you are constantly attached to your phone or computer. When you get home, put your phone down and focus on what is in front of you.

YOU WILL BE BETTER AT YOUR JOB

You are probably wondering how you could possibly be better at your job if you aren’t constantly tuned in, but it has been proven that constant multitasking decreases the quality of work. When your brain is always at work, it eventually takes a toll on your motivation. When you have the degree of separation, you can really focus on work at work and then focus on your personal life at home. Think about how much longer it takes you to accomplish a task when you feel burnt out and like you have never had a break from it.

DISCONNECTING CREATES BALANCE

Regularly disconnecting from work can reduce stress, increase the quality of your work, improve relationships and maintain a healthy emotional state. It is difficult, but it is also possible, to set aside time without your phone or laptop. You may need to set a cutoff time at night, for a specific day or just a few hours in the early morning. You need to make sure you have time for yourself.

We know there’s a problem when there are apps to help you stop spending so much time with your phone (apps)!

The answer is, yes, we do need to disconnect from our “always-on” work culture. Separate work from home and your life will improve in both aspects.

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

Published

on

I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

Continue Reading

Business

How I run a $300M+ business from the beach…(and how you can TOO!)

Published

on

Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

Continue Reading

Business

NYCE CEO: Apps Like Robinhood Have A Responsibility To Their Young Investors

Published

on

Investor and popular Instagram influencer Philip Michael says new fintechs need to take greater responsibility for their younger traders. 

“Promoting financial literacy is a must, but encouraging risky gambling is reckless,” Philip Michael, NYCE CEO, says. 

In 2020, a 20-year-old Robinhood trader killed himself after engaging in risky options trading and seeing his balance $730,000 in the red, leading to a wrongful death lawsuit against the investment app.

“The main apps onboard as many new users as humanly possible, but there’s really no educational process,” Michael says, “and these first-time investors are left to figure things out on their own.”

NYCE—a fintech focused on creating wealth for minorities—wants to create 100,000 millionaires through real estate investments and wealth education.

Through its app, investors can own shares in apartment complexes for as little as $100.

Since launching, NYCE has set records for most new first-time BIPOC real estate owners, buying over 1500 apartments in the pandemic and splitting ownership with its investor crowd.

Once investors are in, NYCE automatically enrolls investors in an online wealth academy (TRIBE) that teaches basic wealth principles, responsible investing and how to spot irregular fads like altcoins and meme stocks.

“Becoming a millionaire is a function of time and habit, not luck and one-time scores,” Michael says. “The micro-investments are really just the gateway drug to that wealth mindset.”

Continue Reading

Trending

You’ve reached your free article limit.

Continue reading by subscribing.

Go back to Homepage >
X

Forgot Password?

Join Us