Daniel St Jean: Hello everybody, and welcome to another episode of our famous podcast. And again, I have the great pleasure today of having Victoria Clooney as my co-host. So Victoria, what are you expecting from Monika Jazyk?
Victoria Cluney: Just the sheer fact that she has four children alone. I'm dying to know how she manages it all. I have one and I can barely keep on top of things. That is gonna be one of the top questions in my mind.
Daniel St Jean: Alright, then let's not take any more time and let's go find out how Monika does it.
Victoria Cluney: Let's do it.
Daniel St Jean: Hello everybody. So today we have two really wonderful women who have a lot of things in common, and we'll find out what that is over the next 30 minutes. So welcome Monika Jazyk and welcome Victoria Cluney as the co-host.
Victoria Cluney: Hi. Thank you Daniel. Welcome, Monika. I'm gonna start out by reading a little bit about Monika and explaining and introducing her to the audience. Monika's, she's a wife, a proud mother of four, wonderful, yet expensive, her words, children, and after completion of her master's in teaching and birth of her eldest son, instead of pursuing a career in education, Monika chose to stay home with her growing family.
Sacrificing income of a full-time wage. To achieve this goal, Monika put her finances to the forefront and was determined to learn how money worked in order to achieve immediate and long-term savings goals for her family. After years of following traditional financial planning advice and then the events of 28, 2008, Monika realized that she and her husband Vaughn needed to do something different, and I cannot wait to hear what that was.
Daniel St Jean: All right, so take us back to 2008, Monika.
Monika Jazyk: Oh my gosh, that's first of all, thanks so much for having me, both of you. It's always great to see you and Victoria. I'm so excited to meet you. So thanks for having me on your amazing podcast. 2008 seems so long ago, since we're going into 2023. But yeah, 2008 really as everyone recalls it was pretty much a pretty big drop in a lot of our finances in the market.
And the housing crisis in the US really affected us in Canada. And I was still a mom. I think we only had two children. And we were really, I was staying, I've been staying at home, being a stay-at-home mom for a couple years at that point and just had two young kids. And I Victoria was saying I really was putting finances to the forefront and figuring out how many works and trying to afford being home, trying to afford to live on one salary and really following the traditional financial planning to steward our money wisely following traditional financial planning advice, which really is that, set it and forget it approach.
That were often given. I think the only questions they ever asked us when we invested in mutual funds was, what's your risk tolerance, low, medium, or high. . I remember that. After that I was just, Said it, forget it. Like I never heard from anyone. I read statements in the mail every quarter. I didn't know what it meant, but I did know what negative signs meant,
And in 2008 there were some negative signs and that was really frustrating for me cuz I was really doing what society has told me to do to help my family move ahead. And this is their R E S P money. This is our retirement money. These were all of our savings by doing things, setting our little 10% aside and just crossing our fingers. And hoping it would grow and really believing it would, it will be okay if we go through these motions that society tells you to go through. And guess what? It wasn't Okay.
Daniel St Jean: It wasn't okay then obviously you took the bull by the horns and you changed the direction. So what did you do.
Monika Jazyk: We invested in real estate. That was really the we knew we had to do something different.
Victoria Cluney: What kinda real estate was that? So what was the first property that you invested in and what made you decide to do that one?
Monika Jazyk: We read Robert Kiyosaki's book Rich Dad Poor Dad, which I love so much. . Yes. It's just, it's such a great book and it really showed us how fi finances really work and we did a total tailspin on our financial literacy knowledge realized we had it all backwards and there was another way to, to invest, which is really exciting and he loves real estate.
And so I thought you. Let's try to start investing in real estate. But it always felt so unachievable. It felt like real estate. I didn't know how to do it. I didn't feel like we had any extra money. I felt it like it was reserved for the ultra wealthy. And I also felt like we had to buy the house next door.
And I didn't even really know how mortgages worked at that time. I felt like you almost had to pay for the house out. . And so there was just no financial literacy there. Even though we had a mortgage and we were mortgage, in we were paying a mortgage every month in our primary it was different cause we were really trying to actually pay that off.
So when we started investing the secret that really got us going and where we achieved our money was the one good thing in the financial planner did do for. When he did rear his head from time to time, which was not very often, was he introduced us to Manulife one. Okay, and this is when, that, this is how old we are.
This is when that just came out. There was only like the consolidation mortgage. All I'm on account was only offered by man one. I know all the banks offer these different programs now and helos are so coming. This is like the dinosaur age where they were the first ones outta the gate and it was a really revolutionary concept and this was what we used.
So then for, cuz we, we live in a pretty expensive area, so we had a lot of equity in our home that we didn't know. And I think this is where people. Get things wrong as they don't realize they really are richer than they think. . And so with that money then we were able to use that as down payment money to start buying properties.
And we had no education at this point. No guidance except for reading a book. So we gravitated towards something that was familiar to us for our very first property, and that was a ski rental condo in blue. Wow. Love that area. Me too. And what year was that? Oh, this would've been like in 2010.
Victoria Cluney: It's blown up for sure now.
Monika Jazyk: It's always been a really popular area and I was familiar with it cause I grew up skiing in that area. And so it felt really felt safe and close to home. And I also could rent it out and use it. So I told myself all these stories to make myself feel better about it, , and it wasn't a horrible price.
And we did add value. To the property. We fixed it up. But we didn't, we used our own money to fix it up, and we didn't know how to do bur or how to refi or do any of that. So we were doing a lot of our own money and we also didn't really know about condo fees. And the fact that the condo fees were surpassing the mortgage.
That wasn't really that great. And then we also didn't know about shoulder season. That happened in vacation rentals, . And we also didn't know what it's like to sit in your own place and see money fly out the door because you could be renting this out to someone else and you're not . So there was a lot of different sort of emotions going through it and we did end up selling that property and it actually took us two years to sell that property as well.
Wow. For probably all the reasons I just stated. Right now there's a lot of them available. And so what seemed to be a really great deal really wasn't that great of a deal, but we didn't lose money, which is the good part. I think we came out and broke even and really learned a lot of lessons along the way.
And by the time we sold that property, we were really into it because after that property, and Daniel will tell you, We probably told you this already. We used to buy a lot in Northern Ontario. Okay. Timmons. And so our second property, was in Timmins, Ontario. And everyone, every time people still ask today, they're like, are you still investing in Timmins? I tell them, no do not invest there. This is funny too. My mother is actually originally from Timmins. So once again, there's a little bit of fam familiarity there. Yep. But it really was the fact that it was such a low price point and the rents were so high.
And Vaughn is from a remote living town in Australia and we lived that for so many years. When we had our first son there, when we were renters there. Oh my goodness. To go to the store and make a sandwich. Buy stuff. For sandwich, it was like $35 by little bread and some sandwich meter. It was just insanely expensive there.
And the rents were just really high because it's very remote, right? And so there's not many places to live. So I was buying $40,000 homes and renting them out for a thousand dollars. These are $6,000 down payments. Wow. And I'm getting cash flow of like over five, $600 in my pocket a month from little single family easy homes, picking them up like hotcake cakes and then converting that model into apartment buildings. And I thought that I've selected an area with strong economic fundamentals, cuz this really is the best part in the Northern Ontario or one of. To invest. There was a lot of industry at that time in regards to mining. There was transportation and the government was really supporting the ring of fire at that time.
And all roads were leading north. , when the government changed all roads were not leading. North and mine shut down. Jobs were lost. People didn't need places to live. So property management, I wasn't so convenient to our real estate agents there anymore cuz I wasn't buying properties as much.
And property management wasn't really keen to help me cuz they were frustrated because they had so many vacant units. So they had fill them with anyone. . And so it was really. To manage from a distance. And we invested there for a long time and really strongly, firmly believed in that market.
And, but finally, I'm proud to say I am 120% out of that market finally. And we had lot of properties. I used to, I was pretty much the mayor of Timmins . We own the whole city, but it was really bad. But yeah. So that was our second lesson. in real estate investing. I would buy Blue Mountain ski shells all day long before, all day before buying those properties anymore in Timmins.
Victoria Cluney: I absolutely love your transparency. There's so much you said key word that lesson learned because every situation we build on that and our skills and experience develop from the mistakes and the lessons that we learn, and we only become stronger. So what are you investing in now? I know you're in the US in Europe, Australia, Canada. So are you focused in different markets all over or are you focused in one now?
Monika Jazyk: We have like when as business owners and real estate investors we have a global c. in which we're spreading real estate education. We have 30 chapters throughout Canada, the us, uk, Australia, and we work with different experts in each areas to help those people in those areas.
Vaughn and I spend most of our time, we'll have our personal portfolio that we're growing for us, for our family, our needs and then we also have our, and then, and we manage obviously. And then we have our portfolio with our joint venture partners when we can do larger projects and help them get a better return on their investment.
And then we obviously spend time managing those. So for our own personal portfolio, and they're always, right now we only focus on high growth areas with all the economic fundamentals. We do not chase low priced homes. That's not no longer an indicator. I don't look for good on paper deals.
I don't look for cash cow or any of that stuff. It's great if that happens, but what we really look for are strong areas with really great growth potential and development that we can take advantage of. Obviously. For ourselves. I could be cashflow neutral. When you have joint ventures, you gotta turn out some sort of return or some sort of income for them because they're not gonna stay in your deals for a long time.
That's right. But we're all about the area and what works in that area. So we know that we can really, in this, in today's market, we have to have a plan A, B, C, D, and d . So it, but at the end of the day, We always are going, people always are gonna need a place to live. So where do people want to live and where do they need to live?
And that's the biggest key indicator. So I've just bought a property recently cuz when everything was sky high, we offloaded a huge amount of our portfolio and I was amazed at a lot of people at our PI education did the same. They either added on to their existing portfolio by building on property or we all sold and we were selling stuff for insane prices cuz we knew in some of these areas it really wasn't worth that.
And that's goes back to the Warren Buffet principle. Buy low, sell high. This is like this 101. But we are also, what we were doing is because all of our other properties that we're holding were so high and had so much value at that time, we're like, okay, so you tell me my house is worth this.
Okay, I'll take a million dollar HELOC. Thank you. Yeah. And getting all these sort of things ready for this. So now when things are going down low, We are ready to buy and we found some great deals. The prices have been really funny cuz they haven't appeared to but in the last few months alone, we've, we bought two properties in Markham, Ontario which is where I currently live one's a flip with joint ventures and then one is a duplex that we've actually are living renting out both units, which is fantastic.
We bought property in downtown Toronto for way below fair market value. We're just putting some lipstick, re refining that. I know rates suck now, but this is a hundred percent leverage properties. Yeah. That we're able to pay back. Bought something in downtown Calgary. So these are all really, like Calgary's a really great market that people can be getting into. So they're really just these high growth markets. So when I'm looking for properties, I'm looking and I, it's been really enjoyable doing stuff for our own portfolio close to home.
So for our buy, rent, whole portfolio, I love to have it home. I'm also building 27 homes in Florida right now. . And so that would be an example of more a development that we're doing. We have a team out there, we have boots on the ground, we have some investment partners that we're working with, and that's really exciting too.
And those homes are actually almost built, which is exciting. And we're gonna be doing pre-construction flips. On these homes, which is great cause we partnered with a builder who built at cost cuz we were able to build multiple homes. And the funny part is we were just testing this out, we said maybe we'd try five homes and then we got 27 commitments.
Oh gosh. It was really neat, and we're really excited about that market. We feel that this is a really high growth market as well. And if the interest rates have been increasing in the US and the flip thing model doesn't work, we'd simply do the refinance. And yes, it's gonna be a high interest rate, but not as high as what the private has to pay.
That's right. And then have them as the whole, because there's, it's an area that would have that 2% rule. So once again, as long as you guys are in great areas like high growth area, And you're able to hold these properties for a certain period of time, you're going to be okay because eventually the interest rates will come down.
And then once again, the prices are gonna skyrocket. So I think what everyone really needs to be focusing on right now is just buying right. And making that money. When you buy, when we bought these properties in Markham I made about, there's about $300,000 in the. When I made that property. Yeah. And that's everyone's had, did you find that Markham? If you're, look, if you know what you're looking for, you know how to find for deal the deals, it can be achieved. You just have to know how to do it and be very disciplined and. And committed to, to know what you're looking for.
Victoria Cluney: And I can really appreciate your strategic approach with the market cycle and how you know when the right time to buy, when the right time to sell.
And that understanding is so key for investors and often the most challenging when new investors come into the market to understand, how they should be looking at it. Because right now a lot of people would just be worried about the interest rates, but you're already thinking two, three steps ahead. And that's the key that I'm hearing from you right now.
Monika Jazyk: Yeah. And the interest rates are super scary, by the way. I know it's very distressing and it's a huge concern and people really have to pay attention to that. Especially if it's in their own home and their home is not an asset, it's a liability.
They really have to pay attention, to. But there, there comes a time really where, you have to really just, have faith in your investments or just really think to yourself, what is the best and highest purpose and usage for this investment that I can get through these next couple years.
I know it's gonna be a tough time for some people, but there's also some really exciting opportunities for investors, and I think 2023 is gonna be a great year. And I can't wait to actually start solving this housing crisis and helping people be able to afford to afford these homes. Cause people still need places. To live. That's why they're having that huge campaign out now. They more houses built campaign. Cuz we need housing in Ontario and it doesn't mean you have to build it on the green belts.
There are a lot of conversion opportunities and, and that's really what we're gonna be focusing on in 2023, is doing some small family developments in these high growth areas with these built-in mortgage help that can actually help families or where we live, a lot of people live with in-laws. So sometimes two families are on the mortgage, but how can we help these people be able to qualify for these mortgages? Cause not only are the interest rates going up, it's the qualification is even more difficult for them.
Daniel St Jean: Before we get to your book, which by the way is I recommend people read and also R p I want to shift a little bit cause I want to bring up two points that you've made so far and I want you to Elaborate a little bit on that. The first point that you made is that you had no education, you didn't know what you were doing, and yet here we are today.
What do you say out there to people out there who are listening to this and who are illiterate in terms of mortgages, real estate, refinancing and all that kind of stuff? What do you wanna say to them?
Monika Jazyk: I would like to tell them to sign up for the wealth immersion program that we've created. What we've done is we've created a program that really outlines is real estate Investing is so much more than just buying and selling homes and wealth building cuz we really are wealth builders as well, and show people how to build wealth through real estate. There's all sorts of other concepts that people have to know.
We created something called this wealth immersion program that walks people through seven keys towards wealth. And so real estate is only one of them. The other ones would be strategic mortgage. Like strategic financing, like understanding how mortgages work learning about passive investments and how to self-direct registered funds, learning about insurance taxes, how not to lose all your money in taxes, incorporating an estate.
And these are all things cuz real estate is the most expensive purchase that anyone is ever going to make. And when you buy something of great value, there's a lot to be considered, especially if you are already a working person. People are already working and they're not buying their properties properly.
They really could be setting themselves up to actually be losing money. Increasing liabilities and not maximizing this wonderful asset that they purchased to do all it can do. So that's what I, that's what we're really trying to spread the word at. R P I Education is really just pushing all these different wealth secrets for people and these seven keys to wealth.
And we're hoping that this wealth immersion program will be an excellent resource that members can actually use. And there's tons of videos and information, worksheets, whatever they could do on their own time to go through. But then we also have access to the community as well. Where people can jump on stuff like group coaching.
And then we have live coaching sessions and our experts across the globe are all there just having great conversation every other week. So that, that Danielle is what we're looking to do with the financial literacy. And I was speaking in a school last week, cuz that's what I do with a lot of my time, is I will volunteer for financial literacy programs.
And they had me at this one school last week, which is amazing. And I was actually gifting the program to the all the students Wow. In the grade 11 and the grade 12. And they were just really thrilled. So there are, it's never too young to. Start learning and it's also never too old to start learning.
The thing about real estate, and you said we made a lot of mistakes, is you have two choices. If you wanna start investing in real estate, you can either go and do it on your own the way and learn, go YouTube it and read and just go for it. But you're gonna make mistakes and that's okay. Cuz if you're not making mistakes, you're not trying.
But there's another way. Another way is . You can use your resources. You can get a mentor coaching or get people who have actually done that, been there, and someone who can just look at you and say, what are you trying to achieve? Why don't you just try this? And then you're like, okay, and use all these people. And then it's just like, all right, that was a lot easier. And I'm gonna minimize my mistakes.
Victoria Cluney: Probably quite cost effective at the end.
Monika Jazyk: It really is. And I think people are just so scared about listening to others or being ripped off or, part of a community might some be assign of weakness almost cuz there's scared, there's a lot of, scary things happening out there. And I know that a wise man learns from their mistakes. But a genius learns. The mistakes of others. Yes. , that's why we wrote Real Estate mistakes.
Daniel St Jean: We'll get to your book in a minute. Yeah. So your group and the REITE Club have a lot in common in the center. You, teaching how to build well through real estate. And our motto is basically customize your life. So we wanna show people how to get to the point where, Don't need a job where they can have the time, the financial freedom and the time freedom to do whatever they want with their life.
Customize their lives. So we are in sync here now All right, so that was the answer to people who say I don't know what to do here. I don't have any knowledge about that. Okay. Now what about the ladies out there, the women out there who have a kid or two and who are thinking I can't do that. I got two kids. I'm staying at home. Why do you wanna say to these ladies? Cuz obviously you've done it.
Monika Jazyk: I have four kids, so there you go. I think kids are a real, a reason to do it because when I started doing it, I was doing it for my kids and I really want their, I wanna help alleviate their financial, responsibilities as well.
I wanna teach them obviously how to be strong, how to make money, but also I wanted to help them out. So paying for their university education was absolutely huge to. and we're actually doing that right now. Our first son has gone off to school, so we actually had the first year and the R A S P amount by the way.
That we saved. See, we self-directed all the other kids' stuff into like private market funds and all these great things. But for our old outer eldest we, cuz VA was working until he was 40 and it was in a group fund. So for our eldest, he did not oh, sorry. No, it was because when they hit 15, you can.
Doing much with it. And he's 18 now, turning 19. So his was in the traditional funds, the ones, and it was spent in the first semester. So all the savings from when he was like two or three every month up to I think they let you contribute to around 18 or something. It was spent in Wow. The first semester.
Daniel St Jean: Back to my question here. You are a mom of four kids. You had four kids. When I used to go to your meeting events there you, the slide that would show up as we started the evening was you and Vaughn and the four kids there on, on, on the porch of the house. How the how did you find the time? The inspiration, the energy to go from working at staying at home with 2, 3, 4 kids to build what you've built. How do you do it?
Monika Jazyk: We had to do it. We didn't have a choice because the other choice was for me to go to work full-time and I would be away from them anyways. So when I realized really I was the financial plan and that if we wanted to ever retire or. We ever wanted our kids to help them out, go to school, be homeowners, do any of that, that it requires two six figure salaries. That ticked me off .
I didn't like that. I just thought that what kind of society do we live in? And it really just motivated me to do something different. And as we started doing something different, other people started watching and they wanted to learn how to do that as well.
And so I think even. It takes the same amount of time and efforts just to go to a job and work for someone else. Why not take that time to learn something new and get your money working for you so you're not always trading time for money?
Daniel St Jean: Victoria, you must have something to say about that because you yourself are a mom.
Victoria Cluney: I think it it resonates so much with me just as a mother. I remember when my son was I left, I finished my maternity leave and I actually ended up going to school. I was in the middle of university, so I had one more year of school. But I just remember thinking so much about wishing that I could be home because it really does change when you go from having no children to then having children and then realizing what that feels like to get separated from them.
And I couldn't imagine at the point of four children, you bring in the cost of childcare. And so I think that, I'm sure there are many people right now, parents that are wishing that they could spend more time at home and with their kids. And so as a starting point, what would you suggest to them?
Because they're probably sitting there thinking, I don't have the funds to get into real estate. I don't have the time to research it. And so maybe they've got that blockage on mentorship, but how would you speak to them and address those concerns? Because I'm sure you've heard them all.
Monika Jazyk: I love that was really well said. And it's really is true that the reason, like you'll say, 90% of the world's millionaires invest in real estate, only 6% of the population invest in real estate. And the three reasons why is time money and knowledge. and so people really need to do something different, you have to have massive pain in order to take massive action.
My pain too was very similar to yours too. I knew what it was like to be separated. Cause when I was finishing that master's degree, I had to put my eight month old in daycare and for 12 weeks. And I actually was getting so much pain, physical pain, ulcer, stomach ulcer, pain. And that really led to make that decision.
I remember what that pain felt like. Yeah. Whenever I, it got too much or money got tight. That's why we wanted to find another. So with these people who are looking and they have parents, they have time, they're working all the time. This is the sort of stuff we offer at R P I Education. Yes, you have to take the time to do it, but why not just take the time to get pretty much an analysis on your current situation and a personalized solution, someone telling you with a supportive community there to hold your.
You're actually going through it because it's fluid. It doesn't just end, you don't just buy a property and then it ends and you're on your own. Then there's all sorts of different, things you have to do after, and you also have to keep going and your situation changes. You might have another kid, or you might leave your job entirely.
It really is important that everyone has, a really strong financial advisor that's achieved this time, money, freedom. In their life and is able to give them that support and advice and show them how to do it because you're not gonna get any more time. Figuring this out on your own is gonna take so much time.
And if you already have kids and you're already working full-time, you probably have very little time. The money. You're probably richer than you think. Once you learn how to self-direct registered funds, so many people have money in their registered funds. They're T F S A, their RSAs. They don't even know that they have access to that, nevermind their primary resident. They don't know how to access equity out of that. They're thinking that I should pay down my mortgage. And a lot of them, most people at R P I education that come have no mortgage, cuz they've been taught that you should not have a mortgage. Yeah. And so there's a lot of ways to get money.
And if you don't have any money, then another thing too is to get the knowledge that you. and then you can actually go out and do it now with, I am very careful with this whole op p m and other people's money cuz what I normally promote personally is you need to do it first on your own before to, you need your, you need to have a proven model.
So there's different ways people could do that. They could either be a passive joint venture. And learn through it and grow their own money that way while they're learning the process. And then at least they have that experience that they can go back and say, I wanna do this again.
This time I wanna be an active partner and I know how this works because I've already been in that other position or maybe they go and get private money and yet it sucks. It hurts, whatever. But at least they've done it. I'm very big on people solidifying their real estate model before going out and money from others.
Victoria Cluney: The experience is so key that you can go through because there it won't be smooth. It doesn't matter what the deal is. There's always gonna be some type of problem that needs to get solved. And so unless you're actually in it, you won't be able to really realize what it takes to get through that. Daniel you had something?
Daniel St Jean: I was gonna say and at some point there, while you're trying, you're gonna make some mistakes. Do you have a copy of your book there handy that you can show people?
Monika Jazyk: I do, yes. Speaking of mistakes, real estate mistakes, our mistakes, you're a success. Think it's going on the background now. Fun news, which I. Just for you, Danielle is, this is actually coming out, it's newly released edition. This was written six years ago, and so we have a new release edition, so it actually has a new cover, so I could definitely send you a copy of that too.
It's a little more fun and real estate mistakes. Part two is coming out in January 6th. It's actually already written. It's about to be. January 6th. So it's an actually, don't worry guys, like not still making mistakes. It's a how to book . All right. So it's more the how to counters the real estate mistakes. But we're really excited about this new newly released edition.
Daniel St Jean: All right. Victoria, we ready for a couple, three questions of the what we call the lightning round. So we asked you a question. You've got 28, 30 seconds, whatever comes to your mind. My first one here will be, in your opinion, is the best advice you've ever received from another investor? A book, a seminar. What's the best advice you've ever received?
Monika Jazyk: Buy low, sell high.
Victoria Cluney: Good advice. And since you mentioned that you have a child in university now, I would like to know if you could tell your 18-year-old self something, what would that be?
Monika Jazyk: Buy an infinite banking policy. So, my son actually bought himself one. And if, I don't know if you guys, if you earned a real estate out there, you wanna have this policy, you need it with the right company, IB Canada Group. So we recommend great, amazing company, the premiums aren't too high, but compared to what you get when you're 18 years old, and that's for the rest of your life. He'll have $70,000 sitting there for him when he is 27 years old ready for a down payment for a house.
Daniel St Jean: Nice. So Monika, what is the one thing you wouldn't do again? ,
Monika Jazyk: I would not buy in Timmins.
Daniel St Jean: Okay, come on. Let's be fair here. At the time, before the mining and everything else, you were really bragging about Timmins.
Monika Jazyk: I actually made a lot of money in Timmins. I did really well in Timmins, but you know what? I missed it Daniel. Like I missed it. Like I just missed judged. The economic fundamentals. It was just, I missed it. And then the key really there, I thought the remote would. A positive thing. And for many years you guys have realized, I've been doing this for a really long time. I was in that market for, over 10 years and we made a lot of money in that market.
And you're right Daniel, that's all I would do at one time. Whenever you're looking at an area you need to have, different points of industry. And do you know what it's like when you have no tenants in your building and finally a new employer comes to town and you're like, how many people are they employing?
And they say six. You want places where like 30,000 jobs are coming in, not six . That's not gonna help you. We hit the mark in certain aspects, but we missed the mark by so much. So yes, I am grateful we did it. But now, I'm just teasing when I say wouldn't do it again.
Daniel St Jean: I'll give you the honor of the last question there, Victoria.
Victoria Cluney: I would love to know what is the attribute that you would consider has made you successful today?
Monika Jazyk: Perseverance for sure. Don't ever give up. Just always persevere and stay in the present moment and break it down into bite size chunks. The other day I was driving in that fog, we had that crazy fog the other day and you start to panic. And then I realized you only need to see five feet ahead. Yeah. So if you justly look five feet a feet ahead and keep going, you're gonna be okay.
Victoria Cluney: It's so important to remember that in the moment. It's difficult when you're in the moment of stress and challenge, but if you can keep that in the back of your mind while you're going through it, it doesn't necessarily make it easier, but it just helps you keep taking those steps.
Daniel St Jean: Monika, thank you so very much for your time. You're a coach, you are a teacher, you are a mom, you're a wife, you are a, all of these things, a professional real estate investor, and you still found the time to give us 30 minutes of your precious time to share your wisdom with other people. Listeners, thank you very much for being part of our podcast series.
Monika Jazyk: And thank you so much for having me. I think this was a lot of fun.
Daniel St Jean: Thank you very much, Monika.
Victoria Cluney: First off, very well spoken. I really appreciated just how she explained everything and also how giving she was about mistakes that she made. Because I think sometimes a lot of investors try to sugarcoat situations, but Monika was like ruthlessly open about what those mistakes were, and I think that we can learn a lot from her.
Daniel St Jean: The fact that they actually wrote a book and there's a second. And Second book coming on. Mistakes that they've made and lesson that they learned. But see that's the exact, that's the makeup of a teacher. You can show people how to flip an omelet, but you're probably gonna get a lot better result if you show out to do it and they miss it because they'll never make that mistake again.
Anyway that's what I learned this afternoon is that even though they had no education, no knowledge, they didn't even know that you could put a mortgage on a property, talk about no experience, and then made some mistakes. But look at that where they are today.
So folks once again, we have some, we were very happy that we had Monika as our guest, and please keep. Watching your inbox on Fridays when we launch a new episode every Friday. In the meantime, you take care, success in your network. Your last parting words there Victoria.
Victoria Cluney: Have a wonderful week and go out there and take action.
Daniel St Jean: Thanks folks. See you soon. Bye-bye.
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