How to Make Residual Payments by Providing Merchant Services! Episode #41 w/David Carlin

Episode 41 David Carlin

David Carlin and his wife Patricia have gradually and quite patiently built a massive passive income stream through an industry little-known to most: digital payments. When everyone else was on the grind – either on their own business or employed at someone else's – the power couple was constantly on the joyride – traveling the world, golfing, and whatnot. People found it hard to believe you could make much money as them by just helping people and businesses get set up with credit card processing. So the couple even made a course out of their business functionalities – The Digital Payments Revolution – which sells for just a few ten dollars!

David joins me on the podcast today to explain how the whole system of his business works and how it yields him the returns and affords him the lifestyle he can today. Residual Payments is a proven model; a little bit of a grind until the first few wins, yet a terrific time investment. He reveals the different things that go into setting up + running the business, the mindset secrets to such incredible success, and the way forward with Residual Payments.

David also reminisces about his journey to entrepreneurship, pivoting from a retail bike business upon the advice of his now-wife and business partner Patricia Carlin. He also reveals the mindset secrets to lasting success, including cultivating an abundance mindset and keeping aside ego. Listen in!

 

Shoutout to our Sponsor, Morgan and Co.: www.morganandcorealty.com

 

Success Clues From Today’s Episode

●       Cultivate the ability to remove your ego.

●       Move away from a lack mentality to an abundance mentality.

 

About David!

David Carlin is the co-founder of Residual Payments, a business helping entrepreneurs, small business owners, and large companies get set up with credit card processing, along with his wife Patricia Carlin. Their business makes money by charging a fee on every single transaction of their clients.

 

Connect With David!

Instagram: https://www.instagram.com/meetthecarlins

 

Connect with Me!

Instagram: https://www.instagram.com/drkwashington/

Host: Dr. K

 

Time Stamps

[00:02] Intro

[00:26] Meet David Carlin

[01:57] David’s first business – a retail business of bikes

[03:06] David’s decision to get out of his bike business

[04:36] Minimizing the expenses managing overhead, employees, insurance, and other business aspects

[07:45] How do you make the payment and expense calculation and processing of your business?

[10:37] Residual payments is thriving – why is it worth sharing with others?

[14:02] How the abundance mindset has contributed to David’s success in the residual payments business

[16:56] What does “residual” in residual payments stand for?

[18:11] The potential carried by the residual payments industry

[19:29] How a couple can work together in business

[25:30] David on where the future of their business is headed

[27:52] CBD, THC, Crypto – how can we find a way to interact and process the different kinds of payments in the coming years?

[29:56] How much money is enough money to call yourself successful?

[32:21] Making your money work for you

[33:53] Gaining a competitive edge in business by allowing your money to work for you

[36:01] Success clues from today's episode

 

 

KW Used: residual payments

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