Episode05

Welcome to the Investor Chat Podcast. In Episode 5, I interview Jadon Olson, a Subto community member with some mindset insights and a great book recommendation. We discuss Jadon's goals of buying businesses as part of his investing strategies.

Jeremy Johnson

10/5/202330 min read

Transcription

Jeremy: [00:00:00] Good afternoon everybody. So today I have Jaydon Olson with me. So Jaydon is a member of the pace Morby sub two. , and we're gonna talk through with him a little bit today and kind of see what his story is and why he got into investing. So, Jaydon, thank you for joining me today. Awesome. Yeah. So me a little bit about, about you and and your W two work or what, what you do. What's your, what's your story, man?

Jadon: So I'm like, actually not, um, it's very more, it's a little more unconventional. So during Covid I was like a cross country runner in college.

Jeremy: Okay.

Jadon: when Covid hit, like I was doing like, you know, like side hustles, like Instacart and this thing called Flex, where you can kind of be like a, you're, I've been ever since reading the book, rich Dad Port [00:01:00] Ad,

Jeremy: mm-hmm.

Jadon: like right before I, I remember I, it was like in 2019, like I, I picked up the book Rich Dad Port Ad and I was just like, you know, hearing about how people can, um, make their money work for them.

Jeremy: Mm-hmm.

Jadon: And how you're able to, instead of just like trading your, instead of trading your time for money, you can figure out a way, a way to make your money work for you.

And that really shifted things for me, like in terms of like my mindset. Like it just changed my perspective. And you, those things started to manifest.

Like I found out about Dean Graziosi and then I found, I, I, I got into the t t P with Brent Daniels during, around like, like the 2019 time. Right when Covid hit, uh, it was actually right before Covid I started, I found out about Pace and I was like watching, like this was like before sub two got really big.

Jeremy: Okay.

Jadon: and I just remember like even like, you know, at that time he was, I. Uh, he was on a Brent Daniels video, so that's how I found out about him because he was doing, he did like the, uh, he did like the eight, [00:02:00] the eight ways to Stop Foreclosure. And I'm like, who is this pace guy? And he's like, talking about like creative finance , and learning, you know, subject twos and kind of creating and, you know, wholesaling is like, has always been, it was something that was on my mind, but I just liked how he kinda shifted the approach where it's like instead of just using one tool in the tool belt, like if you're a contractor right, you can solve a lot more problems.

And, and instead of like trying, trying to force people to use a, like a certain kind of drill measurement, you can use a lot or lots, I mean, maybe not the best analogy, but you can use lots of different types of other drills to, you know, make it cater to what that person's problem is.

Jeremy: Yeah.

Jadon: and that's kind of like, so Pace was like, it resonated with me because it's like love idea of.

Approach of being a lot more, uh, ethical, um, with like, using, using whatever helps someone's problem. And I guess so, uh, since, you know, during covid I, you know, I was doing Instacart to [00:03:00] like, to like, and uh, Amazon Flex to get into sub two. So I was able to make enough money through there to like invest in mentorships.

So I, I got into step two and then I, um, was kind of stupid and made some other decisions and purchased and, and wasted my money on, on other programs. But , even then so I, I haven't actually been working at W two. I've just been trying to like, build up my credit since then. And, um, but yeah, I wasted some money.

But even then being in sub two, it's like, The value of what sub two is, is worth way more than what I paid anyway. So it's like I, I try to like, look at things in a, in a perspective where it's like, okay, I, I, I might've wasted money, but I'm in a, I'm in a mentorship that's worth far more than, uh, what I paid anyway.

So I'm actually still like in, I, I would say in terms of like equivalence of my, uh, how winning or of my winning,

Jeremy: Yeah.

Jadon: It's like I, I, I got my money's worth. Yeah.

Jeremy: Yeah, for sure. [00:04:00] So, so you kind of traveled through several different mentorships then, right? So you joined a couple different groups. Work through different things, kind of, a little bit of testing the water kind of sounds like and, and really doing a whole bunch of different side hustles. Right. Any way to, so you've always kind of had this mindset, it sounds like, where you're not, you don't wanna be tied to anything, right. Anything specifically you wanna be in control of that destiny. And so you wanna be in control of where That that money is coming from where it's going out and, and really kind of focusing more on the things that you like versus just finding a W two to pay the bills.

Does that sound about right?

Jadon: Yeah, and it's mind blowing.

I still have a lot more to learn and just knowing what I know now alone and the options are, I do have to admit like being transparent. I, I [00:05:00] haven't mastered anything yet. Like I haven't mastered one, uh, area, but like, just knowing what I know now about all the options that are out there on ways to manifest, like what was taught in Rich Dad and Port had and what and what sub two it's brought to just.

Um, a such a high level in terms of like, uh, growth and the opportunities for growth in building relationships. It's like I couldn't be like in 2019 when I was kinda starting on this entrepreneurial journey, if I knew that like three or four years ahead of time that I would be in a, in a spot where we can buy, we can learn how to buy businesses.

. We can learn how to, you know, to partner and, and, you know, create teams of transactional coordinators or people who flip people who are closers. You know, people who raise private money, who are gator lenders. And like, it's just, [00:06:00] it's learning. It is learning to, to tap into that 51% that we can lean into, but it's like, it's just knowing this, that there's.

So many opportunities for us to be able to tap into and to leverage, um, that , kind of mindset. Yeah. It's like, it's just unreal how awesome this sub two community is in.

Jeremy: Yeah so looking through that, right? So there's lots of opportunities, there's lots of pathways that we can take, right? , and in real estate investing, that's really kind of trying to figure out what that niche is, right? So what are some of the things, I mean, you mentioned that you've, you've done a few different things, you know, You haven't mastered any one thing, right. But you've dabbled in a lot of different things. And of those things that you've worked in, what are the things that kinda draw you in the most? You mentioned a little bit about doing some wholesaling and trying to figure that piece out. Is that something that you're spending some, some significant time with?

Are you focusing, you know, [00:07:00] there, or what are, what are the things, the areas where you focus most of your time?

Jadon: So I, um, I've been focusing like more of my time, . like like my prior, my priority has been to, to do the credit stacking.

Um,

Jeremy: Yeah.

Jadon: and I know PCs helps with that. Um, and I mean, there's a lot of, there's a lot of things that you can do like, as well, like, you know, building up trade lines.

Um, and if you know, if you know how to like just grow your utilization and, and your credit utilization in history, um, I mean score, I.

Growing credit. Utilization in history is also huge too, to where banks can look at you, where you're like kind of if you convert, if you like compare a bank to like a Sportsbet,

Jeremy: Okay.

Jadon: um, the banks are looking at you like you're. A baseball team, so you wanna have Aaron Judge in your team.

So a trade line you could compare as to like an Aaron judge where you have a, just, you [00:08:00] look better to the sports better. So that're much more willing to bet on you. So that's why, uh, adding, adding like a trade line and, you know, just learning these, these tricks to , I don't wanna spill out too much 'cause there are like some people that are helping me with, with like their sauce.

I'd be happy to, it's. Since I didn't have much history before, it's like it's helped me a lot , to learn how I can, you know, credit stack it and leverage that into my business.

Jeremy: ,

know, I think that's, that's really important, right? A lot of times in business we'll start a business or maybe we'll, we'll buy a business and without that credit report, that credit history , it's really difficult to be able to grow and leverage other people's money.

Jadon: yeah.

Jeremy: And so, uh, it sounds like you're spending a lot of time focusing in there right now.

Now, we could probably dig in there quite deep, but maybe talk just a little bit briefly. Just explain from a high level, like a 30,000 foot view. What, what do you mean by a trade line? What is, what is this that you're, [00:09:00] that you're trying to build up? What does that, what does that foundation, what does that look like?

Jadon: , well. I mean, if you having, just having like more credit utilization, it makes it so like there's people that are willing to, that will sell their, their credit history to your report. So where you are, you like, can, uh, report your, your dunson. Um, I, I wanna be careful 'cause I'm like, sometimes I'm worried if I, if I'm gonna say the wrong.

but, it's more like you don't have to go 15 years , of making payments on time

for you to have that kind of history. You can, uh, it's, it's an, it's like an untapped market where people are, are willing to, they'll sell that to someone who's looking to get funded so that they can build up their.

Uh, but there's also, other different ways that , you can work with the, I'm not [00:10:00] an expert. I'm not an expert. I'm still, I'm still learning this stuff, but I'm like, I've got

people helping me with it. So it's like, it's amazing where when you, when you build relationships with people, you can build relationships with people and they, and they're, and they'll help you with, with things, and you can leverage their strength and merge in a, in a, and like, it's, it's not really about, What you know, as much as it's, as it is who you know,

Jeremy: Yeah.

Jadon: and if you know the right people, you can leverage their skills to where you can tap into that.

But it's definitely worth like learning this kind of stuff , on how to build corporate credit and how to just grow your history and, and utilization with trade lines to where you can Leverage that into a business. So that's basically what I've been working on, whereas like I can leverage this into doing.

Gator, we can leverage it into doing, um, fix and flips. And then we also have zero down coming out. So it's like there's a lot of great information out there and things that I'm, I'm, trying to focus on [00:11:00] one at a time, so I'm kind of like, I'm still trying to decide like, okay, I maybe buying, you could buy a business with, with what?

With the opportunity we have to do real estate or some people that they, they just wanna buy a lot of real estate. To buy a buy. So I'm like, uh, I, I've come to realize I'm more of an integrator

Jeremy: Okay.

Jadon: to like building up a, like a real estate business and, and wanting to do flips, wanting to do like sub two, uh, and to bring the deals to like, to gators and bring the deals to, uh, other like partners that might be closers.

Um, but I'm also like, like really intrigued by this business buying program, uh, with, uh, with zero down. And, um, just how much untapped potential there is there too with like all the baby boomers that are, that are retiring and it's like one third one or I, yeah.

One third of all baby boomers own. [00:12:00] A business and it's considered, there's like 10,000 that retire a day. It's like the opportunity out there is, um, just incredible.

Jeremy: It is. Yeah. So I think that's really cool. Right? So I mean, spending a little bit of time doing some searching on businesses and who the owners are. I mean, a lot of this stuff we can find, right? But. Pace is bringing all of that together with the Zero down group and, and really kind of helping us collect that information in a, in a quick way, right?

So there's again, bringing that value in and the who, you know, versus the what, you know. And I think it's really interesting that the fact that you're able to. Make those connections and find those individuals that can help you with the, the credit building, right? And then being able to leverage that again as you're building that foundation and be able to leverage that into whether it's buying real estate or, you know, doing the transactional funding through Gator or even being able to go into the business [00:13:00] buying.

Right. So let's, let's talk about the business buying for just a minute, right? So with with the Zero Down program there, there's a lot of discussion about buying businesses and, and like you mentioned, there's, there's opportunity out there. I mean, there's others like Cody Sanchez has talk, she talks a lot about buying businesses and, you know, there's advantages, there's disadvantages, but to your point, there's a lot of opportunity there. For someone like yourself as an integrator to be able to you know the systems and processes and being able to, you know, run the day-to-day type of stuff in a business where being able to take those skills and. Inject them into a system that's already there, into a business that's existing.

It has history, it has customers, it has a product or a service, and then being able to take that and supercharge it into the next generation, right? I think that's a super creative. Opportunity that lies within,[00:14:00] , our reach and again, being able to leverage those around you. , so thinking about the, the business buying piece of it, what are some things that kind of interest you and, and maybe if there's others in the, sub two community that, would like to partner with you on some of this business buying. , what are some things that you're into and interested in and that, you would love to be able to partner with somebody on.

Jadon: Yeah. I love that question. Thanks for asking that. I, it's almost that question where you ask a kid at a candy store what he wants and you're like, what?

I just like some of the, in the conversations for the homework for getting to zero down, like that itself was like so valuable on what I got I, on what I got out of it. Because I was able to talk to people and ask that very same question like, what are some of the businesses that intrigue you? And they're like, as people are talking about stuff, I'm like, man, that's such a good idea.

, and on like being [00:15:00] in a certain location , kind of does limit certain options. I think some people, but may, maybe I'm wrong. May maybe, maybe I, I'm completely wrong on that one. Uh, but since I'm out in here, in, in the Seattle, Washington area, um, I live out in a town called Bothell. Like, you know, we're, we're like, there's like a whole pincer of mountains around us.

Jadon: Just we got, and we have the Puget Sound, we have the Olympics, we the Cascades. So I'm thinking, I'm sure there's RV parks around here, or a lot of rv, there's so many RV campers that. Come out here, probably not just in the summer, but also in the winter because it's got skiing. You have

Mount Stevens Pass, you have Mount Baker.

Um, and then you know, people that wanna come and ferry maybe just come out here to ferry and explore all like the San Juan Islands or go out and there's just a lot of things that you can do, I hear. So I'm thinking there could be an untapped potential of RV parks. Uh,

[00:16:00] but I, I don't know how, I'm sure it's gonna be, that'd be pretty expensive out here.

I mean, Seattle, it's just like, since it's becoming a hotspot for people wanting to live out here and cost of living is going up, like I'm not fully, sure on, what the logistics are behind buying those kinds of businesses, but I, I'm, I'm sure we're gonna go down, we're gonna go over that and down, but that would be something that I, I would love to check out.

And then you hear like, like what are some of the be the beginners or like, like what, what would a newbie wanna buy? Maybe like a laundromat. I mean, laundromats kind of sound like, like, like, you know, boring, I'm sure. Like, I think I've, I've heard from, uh, Cody Sanchez, she's also into, she's big and sub two people follower,

Jeremy: Yeah.

Jadon: um, that maybe some. Aren't the wisest decisions.

Jeremy: Mm-hmm.

Jadon: thinking that maybe some of the more boring ones, like what? A laundromat or maybe vending machines [00:17:00] or what are what, I'm trying to think of some other good ones. You could buy, like . Servicing companies or h hvac , it could be smart to buy like something that's based off of what you're already doing.

So if you're flipping buying a plumbing business. Um, so I'm, I'm open to different ideas as I evolve because I do, I do know that I wanna flip as well, so I'm like thinking like, okay, there could be like, like a plumbing business, could be, could be very valuable. Or electrical business where you're doing things that are already kind. I, yeah, like the most extravagant one. I think the extravagant one was, the first one was an rv, but like a boring business, maybe like a starter, like a laundromat. And then like, another kind of more advanced one where flipping would just be like eight servicing companies that would, would help with flipping.

But there's, there's, I know that there's a lot more types of businesses that you can buy and, and we're, we're, we're prob we're definitely gonna go over that and zero down.

Jeremy: Yeah, I think that's really interesting, [00:18:00] right? And, and knowing your strengths and knowing your interests really kind of helps you define that buy box and really be able to, to narrow your focus again, just like in in real estate investing a lot of people start with a single family home, and the reason why most people start there is because, They have experience buying a single family home for themselves or small multi-family. And so a lot of times starting with a, a way to get your feet wet and really start understanding the, the ins and outs of the buying process and then the managing process, setting up operators really gives you an opportunity, right? So I really like the idea of the laundromat or some of those even like a vending machine route. , I see those for sale on occasion. , my kids, a couple summers ago, we, uh, we actually bought them some, some gumball machines, a a route that was existing. And so there was like, there's like five or six locations and we go up like three or four times a year and change 'em out, clean 'em, you know, collect the quarters and it basically pays for the gas [00:19:00] to go do it.

But it's teaching those kids, you know, something fun to do. Okay. Yeah, absolutely. And so, but I think starting with something like that is just, it gives you an opportunity, right? Uh, the vending machines, and I think laundromats are both one of those things that you can operate pretty easily. There's, if you can buy something that's already existing it's established, it's moving, it's already going, and there's not a lot of employee costs. Associated with it, right? So you could go in as an operator, train somebody, hire somebody, and then walk away from the business, you know, an RV park, you know, a lot of times an RV park, you're gonna have somebody or a, a group of people that are your operators, and so they're the ones that are there and, and you could be one of 'em, right? And so you're. People coming in and out. The services are pretty straightforward. You just gotta make sure everything's maintained. And I do think that an RV park is one of those that is pretty unique. And depending on how nice the RV park is, there's some of these [00:20:00] RV parks that have like I , go-kart tracks and bounce houses and all these crazy things, right?

But you could start with something just simple. It's like, here's some pads, here's your power, here's your bathroom and shower, you know, laundry services. And again, I think that's really cool is being able to have something. And it sounds like in the market that you're at is you have the opportunity year round for RV parks. Um, you know, in, in maybe some other markets, you know, pace talks a lot about Montana. Depending on the part of Montana, you're gonna be dead all winter long, right? Or you're gonna be very limited on the travelers that's going through there during the, the cold winter months. Um, you know, unless there's something to draw them there, like skiing. And so I think that's really an, an interesting model, right? And it sounds like you're looking for something that's more, um, stable. Like you said, something that's, instead of it being like, Hey, here's something glamorous, like, you know, uh, [00:21:00] maybe it's a, uh, um, a retail store that, you know, sells some something, right?

That could be something nice, but it's gonna have some ups and downs with the, with this. Sales and the season, right? So something more like an RV park or, or even something like a laundromat, I think you're gonna have that constant cash flow, right? You're gonna have that constant usage. And so being able to take something like that and build that on.

So I think those are, those are great opportunities. As you've been looking at some of these . What's your experience been so far with searching for some of these businesses? I mean, obviously you're up in, in the Washington area, the Seattle area, um, you know, going on some of the brokers websites.

Are you finding good leads there?

Jadon: Um, tell you the truth, I actually haven't been looking yet.

Jeremy: Okay.

Jadon: Just, uh, we're just kind of get, kinda getting started, but I, I do know that, uh, biz buy sell is a, is a big, um, I don't know if I'd call it Zillow [00:22:00] or, 'cause it's like, I mean, I guess you could maybe call it the, the Zillow of buying businesses.

But I mean, I've taken a peek at it. Um, I've just been going through, I've just been going through like the start,

Jeremy: the.

Jadon: started to go through the training , for Zero down, but I. I definitely want to like start looking at, some of those options and see, I'm wondering too , my question like are we limited to buying businesses just in our area or I, I'm not sure.

Jeremy: Yeah I don't think so. I mean, the nice thing , is like you. Your boots on the ground local there, right? If somebody wanted to partner with you that has capital or has an interest in that area, they could absolutely come in and partner with you, right? I could see that. It is, it's no different than real estate. If the business , is established and set up, has a good operator in place, a lot of times , the, business owner may be [00:23:00] the, the head guy, but he has a second in command or she has a second in command that could be. Promoted to a general manager operator type , of a role depending on their tenure. And at that point then there's no limit why you would want to buy even locally. 'cause maybe the market doesn't make sense. Maybe the real estate is too expensive to buy in the local market where you could buy something in, some of the, the Midwestern states where the real estate is, is cheaper to own. , instead of Leasing it as part of the business. There's a lot of businesses that just lease the property that , they they reside in. , and so I, I think that , as we go through the training obviously , is good and it's focused on what your buy box is.

But I don't see any reason why you would wanna Stick in your market if there's no reason to stick in your market. Right? So wherever the opportunity rises, where the, wherever the opportunity comes in, I think there's definitely a reason to, to look [00:24:00] in some of those other markets as well.

Jadon: Absolutely.

Jeremy: yeah.

Jadon: I like what you said about that. Just find, I mean, the idea, the idea of like finding someone like an operator or someone who specializes in that business and ' I know that, I mean there are a lot of cool businesses out there too, and some people might really want to, to work in their business, but I am assuming and I'm speaking for myself, you know, we don't wanna buy ourself into a new job.

Right. So yeah,

Jeremy: . You're right, there might be people that wanna buy themselves into a new job though. Right. So it depends on knowing yourself and like you said, for yourself, you know you may not want to be the operator or . You're gonna want to buy something that you can have somebody else managing it.

So you might have to pay a little bit more because the business might maybe it's got four or five employees or six employees, and so , the cost might be a little bit more, again, if you can get owner financing or something along those lines, being creative with it. , there's, I think there's more opportunity there and even if it's something, you know, I, I've heard [00:25:00] a couple times of people that have been able to go in and, and buy businesses and work in them for a few months to help set that operator up and then they can basically, Walk away, they're taking a small cut because it's, you know, they're passive at that point. And maybe the only thing that they're doing is, is they're just doing the financials. You know, maybe it's a C p A. They go in and buy this business and then they do the books while somebody else is managing the day-to-day. So really it kind of, every business, you know, looking at 'em is gonna be unique. Just like creative financing and real estate, you know, there's gonna be stuff that's gonna be Um, every deal is a little bit different. Every deal is a little bit unique, and so I think you're gonna see that in business as well. As we start getting into that path is there's gonna be so many opportunities to, to come up with creative ways to operate the business and buy the business.

And again, it's finding something. You might have to say no to 10 or 15 businesses before you find the one that fits exactly what you're looking for, right.

Jadon: That's the key. That's the key. And you know, I heard I heard Alexis say,[00:26:00] you know, and, and this just get us really excited.

Like most businesses, there's so many businesses that are gonna be out there. It's like we are the prize. Like, like, like they, they don't, most people cannot buy businesses and they don't know, I mean, they don't have the community that we can tap into.

So us being in, in sub two and what, and everything that they're gonna teach and zero down. It's going like these people when, that are, are gonna, like, when we are going to be able to submit offers, they, they know and they know that they're having a hard, like you have businesses that are on sale for, for a long time that can't sell.

But, so it's like, it's, it's rare for, for someone to actually come in and buy it. So I think we are, we are the price.

Jeremy: Yeah. And I think you're absolutely right. You know, I, I heard, um, heard a stat that there's more businesses that end up just closing doors because somebody doesn't come in as a buyer [00:27:00] than the percentage that actually sell. And so, you know that you're absolutely right. There's, it's the, the competition for business buying , in the business world is much lower. You know, as far as the buyers than there are in, in real estate, you know, a lot of times in real estate there's 10 to one investors for every property that's for sale. And so sometimes you can end up, you know, whether they're homestead buyers or it's an investor. You know there's a lot of people that are in real estate, whereas , the competition is lower in business because like you said, there's some complexity to it.

Right. And I think that scares a lot of people. , is the complexity of, buying a business or maybe managing a business and the reality , is just like real estate, there's ways that and systems that we can set up to be able to help manage that business and improve that business. And so you're absolutely right.

I think that's, that's absolutely key. And , focusing on business buying , is understanding that these [00:28:00] businesses may be able to be bought. but there's a like 75% chance they'll never, never be able to sell 'em, you know? And so, and , if, if it's a one in four opportunity to be able to, to sell that business there's a lot of businesses that are gonna be closing over the next, you know, well for the foreseeable future, right? And so being able to go in , and have that opportunity , is pretty substantial. So anyway. Cool. Right on, man. , so looking aside from your buy box and kind of the things that you're focusing on, what are some other things that you have that are your goals going forward? And what are some things that you're striving to achieve in your next phase?

I mean, we talked a lot about the business buying are there other things, maybe short term goals that are helping you be able to achieve those long-term goals that you're working on on a daily basis?

Jadon: Uh, I think just like going back into building business funding, Uh, leverage to [00:29:00] leverage that into like, being able to like, because you have to be able to invest in your business, right? That's, that's,

Jeremy: Yeah.

Jadon: it's, it's, most businesses fail. Um, 'cause they have to, most, most businesses fail. I can't remember what the stat was, or it was like the first, like two to five years, or four to five years.

Um,

Jeremy: Yep.

Jadon: and so getting past that, leap, it's like, I would say that the biggest reason is because people realize how much they have to invest into it.

Jeremy: Yes.

Jadon: we do have sub two, so , we can leverage those relationships to where , it can really save us time and money. But, uh, for me, like I just wanna start building out, I definitely want to learn to flip and, and learn and, and start like bringing, just becoming a leader in sub two.

It's like learning how to be of value. , Growing my skills and learning how to build those relationships with people or if I'm bringing them deals I, did I get into the, the top tier TC as well, like my problem is shiny object syndrome, and that's what I'm trying to battle.[00:30:00]

So I would say actually, my, my long term goal is to just like, just focus on one thing.

Uh, because there are, there are sexier, sexier things that. Are appealing, but I mean, it's just gonna take a lot of work and, dialing in my commitment and time blocking and , trying to like not get overwhelmed into all, these other things instead of just like, get at one thing.

Give myself permission to suck. That was a big thing. That was probably my, my favorite thing that I learned. , or one of my favorite things I learned while talking to people was like learning. I need to give myself permission to suck at things and, and, and just.

Jeremy: Yeah. You know, I think that's such a, you know, I just wanna pause on that for just a moment because I think . So many people have , that holdback, right, that limiting beliefs or limiting mindset that they have to be perfect. I. That we have to, we have to be good at something [00:31:00] before we do something right? And, and I see that a lot , and I felt it myself , as I started , I want to get into real estate, but I don't know anything about it, right? So I just, ah, maybe I don't want to get into this. Maybe it's too hard. And so I had a friend of mine that was a, was a life coach, but you know, he provided a, a piece of advice to me at one point.

He says, you know, the reality is, is you have to take one step at a time. You know, and you hear frequently. It's like when you're teaching a kid to walk, you don't teach him to walk first, you teach him to crawl and it takes him weeks. You know, I've got a nephew that's just learning to crawl and it's been taking him weeks, weeks. Of practice to be able to get to cr to be able to crawl. And so I think sometimes, you know, as we, as we get into adulthood, a lot of times we think, oh, I just gotta, I'm, I'm gonna figure this out. I'm gonna be good at it Right. To begin with. Right. And so I think giving ourselves that permission to suck at something for a while is [00:32:00] absolutely key.

And that's, and I think so many people have such a limiting mindset when it comes to that. That a lot of people just don't start, right? So the fact that you're able to look at yourself and be like, dude, I've gotta give myself that permission to suck and be able to move forward and get better at what I'm doing and learn more. Network with people. So again, I think that's such a, that's such a cool thing, and I just, I don't want to, I don't want to glaze over that because I think that's so important for people to realize is we all suck at some point at something, right? As we get more practice, we get better. We teach our kids the same thing.

It's like, you're not gonna be good at baseball, you're not gonna be good at math, you're not gonna be good at dance. You're not gonna be good at cheer. You're not good at any of this stuff without practice. And how do you practice? You're gonna suck for a long time. In the beginning.

Jadon: So true, man. I love it. Yeah. , that's it's amazing , how much it kinda [00:33:00] gives peace of mind just to paint the picture in that way where it's like you, we've in a way have actually gone through a similar process. You just, it's just a little more. Higher tier, but it's the same concept, same principle.

Jeremy: Yeah. . I think that's awesome, man. So, so looking forward we talked a little bit about the things that you're wanting to buy this, the things that you're looking for and some of your goals going forward. So as, as we wrap this up, I just wanted to, ask you a couple more questions. Are there other things, other books, maybe podcasts , that you would wanna recommend to people that were , powerful in your mind, whether it's a mindset book or just a process book. Is there something else that has helped you through your journey?

Or it could even be like a YouTube channel or somebody you follow on social media. Just something or someone that's been able to help you through your journey.

Jadon: That's a, that's a deep one. , I'm sure this is like the kind of question where like I'll probably have like a good answer in [00:34:00] like an hour and I'm be like, why didn't I say this? Uh, so I guess kind of on the spot , I start a lot of books and I don't finish them, but I, I'd say one.

, I'm like a big David Goggins fan. ,

like his book, uh, can't Hurt Me. like, learning how we can just like get second wins when we, when we're able to like tap into certain certain memories or certain, like perspectives on like when we're going through pain or we're, when we're going through like our deliberate, like insatiable hard work where it's like you can just.

Power through when you're able to tap into certain memories. He calls it second wind, taking

souls. I wanna do a David Goggins voice, he's like one guy that's just like helped me, like just kind of realize how much more potential we have. I'd say like that's like the biggest, that's the biggest thing I've gotten for him is like, we have way more potential than we actually believe that we do.

What we think is, he mostly like speaks about like what your [00:35:00] physical capabilities are, but I actually think that you could even go make like into more like, or our mental capabilities or belief in ourself where it's like, yeah, instead of just, instead of thinking that you can run a race and like maybe, maybe you're sweating and, and you're bleeding and you're crying, but like really.

Like, that's probably only 40% of what you're actually capable of doing. And he's

that by like how many limiting factors he had how much adversary he, had, like, he even had like a hole in his heart. Like he had like a heart. Now

he, he did like a, the, um, hurt 100 to qualify for this thing called badwater.

Jeremy: Okay.

Jadon: The, the, the 150, I think it's 135 mile race. Um, when you like run through like the , death, Valley and it's like

Peak heat and this hills is like just unbelievably just mental fortitude and, and physical fortitude. So it's like just knowing what he's able to do, [00:36:00] like it kind of puts a shift where it's like, man, like I know that I'm way more capable of, than what I believe.

And so are you. And so is anyone that's listening far more capable of. Achieving our goals than we actually know. We just gotta tap into it so that,

Jeremy: Dude, that's powerful stuff, man. Absolutely powerful stuff. I, I appreciate you for sharing that, man. Thank you.

Jadon: David Goggins, and then his

books called Can't Hurt Me, but he also has,

Jeremy: cool.

Jadon: he has other books that I actually haven't even read yet. Like one called I think it's called Never Finished. there's a lot more story to him. He's a Navy Seal,

Jeremy: Okay.

Jadon: who did like the how week, and that kind of just pushed his foundation of, of what he teaches now on, on like potential.

Not there we're, we're limited, but we're we're less limited than we think.

Jeremy: , I think that's powerful and I appreciate you sharing that because , I do think that a lot of times, whether it's physical, emotional, mentally, you [00:37:00] know, we limit ourselves. way lower than our actual , abilities. And so I'm, I'm gonna look that book up. , I've not listened to that one or heard that one yet, so , I'm excited. , I've listened to a lot of books and , I'm a lot like you. I, I listened to 'em until I get out of what I need. And then sometimes , I may come back to him later I cycle through three or four books at a time kind of jumping back and forth , I'm looking forward to listening to his books. That's, that sounds like an awesome, awesome motivation. Thank

Jadon: to hear, can't wait to hear your, your thoughts on it because , I think I'm just gonna read it again because little backstory that , that fills in the gaps behind that makes it , a lot more powerful. And yeah, it's like , we can use our pains and our struggles to really become someone completely unrecognizable.

Jeremy: I see this frequently with people that set goals and move forward. If you focus on something for 90 days, you're gonna be unrecognizable in [00:38:00] 90 days. Right. And you've, and you move forward and you move forward and you move forward. And, you know, it's even going back to the simple things of crawling and walking. , when we first go to do these things it may be difficult for us, but then after, you know, 90 days, three or four weeks later, sometimes even, if you have a, a serious push, you can see that change. And so I'm, I'm excited , to read through, this literature. I appreciate you sharing that with us.

Jadon: I'm was, was a fun, fun question to answer.

Jeremy: Cool, Jaydon. Well, I appreciate your time today. , if, if people wanna reach out to you, whether it's, you know, learn a little bit more about your story or work with you on some RV parks, Um, you know, talk to you about some of the goals or, or network with you. What are some ways that people can reach out to you?

What's the best way for people to, to contact you?

Jadon: Uh, let's see.

It's just like jn, O L S O N. And

then feel free to DM me , we can just go from there and, and then I'd love to, yeah, I, I love [00:39:00] connecting with people and see where they're at and if everyone's in sub two and wants to squat up and, you know, just learn I people's stories too, just to see.

I love learning people's stories.

Learning how to, we can just give, back to people in what and what they need first, and like you just we're able to get so much more, so much more learn into mindset.

Jeremy: Cool. , I appreciate that. So JN Olson on Instagram and , send you dmm. Meet up, squat up. I'm sure they can find you on Facebook as well if they're in the sub two group. , so cool man. I appreciate it. I appreciate your time today. This has been awesome chatting with you, getting a little to know you a little bit more, hear your story and, and where you're going and looking forward to being able to, follow that story and, and see how The business buying goes, and hopefully a year from now, we can meet back together and at your RV park or at your laundromat that you bought, and, you can retell your [00:40:00] story of how you, acquired that and, and move on. Man. I, I'm excited to hear about that. I, I do appreciate your time today.

Thank you so much.

Jadon: Let's plan on that. Let's plan on the one year. I'd be happy to do like a one year update.

Jeremy: Cool. I'll put it on the calendar now and we will, we'll catch up in a year. And, we'll record a new a new episode in a year from that. So if you guys are watching follow up in a year from now and we'll, uh, follow up with Jaydon and his story. So thank you.