The Military Millionaire Podcast

Episode: 163

Join your host David Pere and Alex Felice in this episode with guest Dustin Baldwin as they discuss how Dustin juggles it all as an entrepreneur, real estate investor, and a marine corps reserve.

When Dustin once transitioned to a corporate setting, he found himself in a cycle he didn't anticipate. Every day, it was nothing but Excel Sheets, paranoia, corporate drama, and all that's also common to military bureaucracy. The only difference this time? It's boring beyond belief.

In this episode, Dustin talks about how he started his premium smoked cocktail kit company, how his prison transportation services business taught him how to 'never forget the journey,' as well as how lucrative a room-by-rent unit can possibly get with the right approach.

About Dustin Baldwin:

Together with a friend from the US Marine Corps, Dustin shared a love for bourbon, craft beer, and German Shepherds. After following similar paths obtaining their MBAs and a shared entrepreneurial drive, the two decided they wanted to start a business together. Dustin brought the idea of starting a company aimed at veterans and Old Fashioned drinkers to benefit wounded combat veterans with the sale of their products, cocktail smokers, and woods fuels. The name was thus born: "Smoked Fashion Co."

Over the next couple of months, Dustin and his partner did a lot of brainstorming, built prototypes, and completed experiments. They found that the wood fuels they created enhanced the flavor of all drinks, including cocktails, red wines, and dark beers.

The Smoked Fashion Co. vision was then formed. They would then become a company that features the best bartenders' smoked drink recipes and provide premium tools to make the best-smoked cocktails ever indulged.

Outline of the episode:

• [03:53] Dustin Baldwin – on being born an adrenaline junkie
• [07:58] Corporate is a lot like the military but more boring
• [11:51] Don't forget the journey; the journey makes you!
• [20:24] Reinventing the Foghat and donating the profits
• [26:34] About Smoked Fashioned Co's Premium Smoked Cocktail Kits
• [31:36] Dustin Baldwin – on how scalable and pain in the ass room-by-rents can be
• [35:41] Always have a Plan 'B' when getting into short-term rentals
• [42:28] An interesting pitfall for Airbnbs
• [46:43] The downside with the DSCR loan
• [55:25] Alex Felice – the unknown inherently is risk…

 

Resources:

Website:              https://smokedfashioned.com/?gclid=Cj0KCQiA09eQBhCxARIsAAYRiylDjXQtxsq6VnFsRrHv1-isBKTdAbaoD40jnbCIulTZG3g4_LoHBAIaAoESEALw_wcB

FB Page:               https://www.facebook.com/RealEstateDustin/

 

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Become A War Room Mastermind Group Member:

https://military-millionaire-academy.teachable.com/p/the-war-room

 

Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

 

From Zero to One: Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

 

Grab hold of your 2-Week FREE Trial of Propstream Now:

https://trial.propstreampro.com/militarytomillionaire/

 

Sponsor: Apply for the War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application

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Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.