IN THIS EPISODE, YOU’LL LEARN:4:07 - Lessons Terrence learned from having a dream he worked his entire life for ripped away right after it was achieved5:42 - What mindsets to cultivate and actions to take in order to persevere in hard times6:28 - How adaptability and being “smart enough to know what one doesn’t know” can help propel one’s career 9:00 - How to avoid struggling financially or going broke (as an NFL player) after retirement 12:49 - Why real estate is a good backup career and where to begin/what to focus on once you’ve decided to go full time 14:26 - How to scale your company and best manage multiple real estate businesses (i.e. real estate brokerage, a property management company, a mortgage company, an insurance company, etc.) 21:59 - Which real estate business is the most profitable 26:31 - Why hiring candidates with little to no experience may be the best strategy for entrepreneurs29:59 - Whether to focus on one business or juggle multiple businesses at the same time37:36 - How to set up a personal portfolio outside of one’s business 41:22 - Terrence’s financial worries for the next one to five years and how he is making preparations to protect his investments 43:17 - Which habits or principles to incorporate into your life that will help lead to your successAnd much, much more!EPISODE RESOURCESGet more FREE content from RobertGet a FREE audiobook from AudibleTerrence Murphy’s show, Real Estate Entrepreneur PodcastTerrence Murphy’s TM5 Properties WebsiteChad Carson’s book Retire Early with Real EstateMark Ferguson’s book Build a Rental Property EmpireDavid Goggin’s book Can’t Hurt MeAll of Robert’s favorite booksSupport our free podcast by supporting our sponsorsSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionCreate the perfect workflow for your team with Monday.com Work OS. To start your free 14-day trial go to Monday.comGet access to thousands of titles across different formats and genres: from audiobooks, to popular and exclusive podcasts, to unique Audible Originals like the Words+Music series with AudiblePlus. Visit audible.com/mi or text mi to 500-500Automate your key business processes, and close your books in a fraction of the time with NetsuiteLearn from people who are doing things doing things 100% with Marcus Lemonis. One Hundred Percent with Marcus Lemonis is available on Apple Podcasts, Amazon Music, or wherever you get your podcasts.Read this episode’s transcript and full show notes on our website.Connect with Terrence: Instagram | Facebook | Website Connect with Robert: Website | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.