35 min listen
Mindset Matters! Leveling Up Your Life Through Real Estate Investing | PREI 110
Mindset Matters! Leveling Up Your Life Through Real Estate Investing | PREI 110
ratings:
Length:
20 minutes
Released:
Aug 7, 2018
Format:
Podcast episode
Description
Warren Buffett once said, “Until you can manage your mind, do not expect to manage money.” Warren Buffett is correct. Without the right mindset, it would be difficult to become a successful investor. Getting into the field of property investing, your mindset matters and it plays a very important role in leveling up your life. Paul Thompson used to have a corporate day job but now he's a full-time real estate investor who lives to help others find their way. When Paul realized that the perfect time to start investing was never going to come, he simply switched his mindset and jumped in. Now, he's doing three deals a month and is able to help himself as well as others build wealth and passive income with cashflow. Paul tells his personal story of securing twenty plus deals in his first eighteen months of investing to serve as an inspiration for everybody else.
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
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Warren Buffett once said, “Until you can manage your mind, do not expect to manage money.” Getting into the field of property investing, your mindset plays a very important role. You need to think like a successful person in order to gain access. People are largely driven by their subconscious and typically, they’re consciously unaware of why they think the way they think or feel the way they feel, such as being angry or being happy. I'm guilty of this from time-to-time. This is influenced by many factors such as our environment, past events, education, memories, values and attitudes, past decisions, and beliefs, but mindset matters. This is the most important concept.
Warren Buffet is correct. Without the right mindset, it would be difficult to become a successful investor. Whether you listen to financial gurus or trainers or entrepreneurs, they all say the same thing, that your mindset contributes 60% to 90% of your success. Only the actual number varies here depending on who you ask, but the rest is mechanics and knowledge. Do you think that great investors such as Warren Buffet or even Donald Trump think differently than most other people? I’ll bet money that they do and I would think you agree with me here. A study was once concluded that if all the wealth in the world was taken away from everybody and distributed equally to all the people in the world, it would probably take less than ten years until exactly the same people who had no or little money before would be poor again and the same people who were rich before would all have their wealth back.
One of my goals is to learn from some of the people that are very successful out there. I want to talk to a wide variety of people, from the most high profile people such as one of my most recent guests, Rich Dad Advisor, Ken McElroy, to some of the youngest ambitious entrepreneurs in the early years of their real estate investing journey. My next guest may not be all that young, but he’s certainly doing well with his real estate investing. He’s got a great mindset for success after making the decision to leave corporate America for something bigger and more rewarding. Let's hear what he has to say about mindset and real estate investing success.
If you missed our last episode, be sure to listen to Ask Marco! – Negative Cash Flow, Multi-Family Housing
Enjoy the show!
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Mindset Matters! Leveling Up Your Life Through Real Estate Investing
He used to have a corporate day job, now he's a full-time real estate investor who lives to help others find their way.
Released:
Aug 7, 2018
Format:
Podcast episode
Titles in the series (100)
Pros and Cons of “Active” Real Estate Investing with Mike Hambright | PREI 030: - In this episode we discuss some of the pros and cons of "active" real estate investing -- the opposite end of "passive" real estate investing. That means you're actively involved in the deal -- whether that is wholesaling, rehabbing, by Passive Real Estate Investing