June 7, 2023

Something I’m Reading

I just finished reading "French Kids Eat Everything” by Karen Le Billon. This is a phenomenal book and I recommend it to every parent with kids who are picky eaters.

Something I Photographed

Last week in my BetterLife Pod, one of my pod mates encouraged me to plan an “extraordinary date” for my wife and I. Something above and beyond the normal dinner date.  So I did.  Facial, pedicure, Lululemon shopping, and then dinner :)

Something I’m Excited About

I’ll be speaking at two upcoming events, in person! Limitless in Scottsdale (use code “Beardy” for a discount!) and Ryan Pineda’s WealthCon in Vegas in July!

Something I Can Answer
I’ll be answering two questions asked by a BTB subscriber. Have a question you want me to answer? Reply to this text with your question!

Question: “How do you handle stress and pressure in high-stakes situations, and what advice would you give to others in similar circumstances?”

Handling stress and pressure in high-stakes situations is crucial for maintaining composure, making sound decisions, and achieving optimal results. Here are some strategies I employ and advice I would give:

1. Recognize and manage your stress: Self-awareness is key. Recognize the signs of stress and understand how it affects you personally. Implement stress management techniques that work for you, such as deep breathing exercises, meditation, physical activity, or taking short breaks to clear your mind. Prioritize self-care to ensure you are in the best mental and physical state to tackle challenges.

2. Break it down: When facing high-stakes situations, break the tasks or challenges into smaller, more manageable parts. This approach helps alleviate overwhelm and allows you to focus on one step at a time. Prioritize tasks based on importance and urgency to ensure a systematic and organized approach.

3. Seek support and delegate: Don't be afraid to ask for help or delegate tasks to capable team members. Surround yourself with a reliable and competent team that you can rely on during high-pressure situations. By sharing the workload and leveraging the strengths of others, you can alleviate some of the pressure and ensure better outcomes.

4. Maintain perspective and stay focused: Keep the bigger picture in mind and maintain a long-term perspective. Remind yourself of your goals and the impact of your actions beyond the immediate situation. Stay focused on the task at hand and avoid getting caught up in unnecessary distractions or negativity.

5. Learn from past experiences: Reflect on previous high-stakes situations you have encountered and consider what strategies worked well and what could be improved. Use those lessons to adapt your approach and refine your skills for future challenges. Remember, experience is a valuable teacher, and each high-pressure situation is an opportunity for growth and learning.

6. Practice self-compassion: Be kind to yourself and acknowledge that everyone faces high-pressure situations at some point. Avoid self-criticism and negative self-talk. Instead, focus on your strengths and accomplishments. Celebrate small victories along the way to boost confidence and motivation.

By implementing these strategies and adopting a proactive mindset, you can effectively handle stress and pressure in high-stakes situations. Remember, resilience is built over time, so embrace challenges as opportunities for growth and keep refining your skills for future success.

Question: "How do you finance your real estate investments?”

When I'm buying deals through Open Door Capital, I'm syndicating. This means I'm raising all or most of the downpayment money and repair money from passive investors. Then, we're using large commercial mortgage brokers to shop for the best mortgage. When I'm buying smaller deals for myself, I typically like to go through small local community banks. For example, here in Hawaii, I've been using American Savings Bank to finance my own house, as well as my vacation rentals. I like relationship with the bank more than the specifics of the interest rate. In other words, I would pay a higher interest rate, if it was with a relationship with a bank that made it easy and I like working with over and over and over. Of course, there's always a limit to that. I also I like working with mortgage brokers in general where I find one person who can go shop a bunch of different companies for the best loan product that usually works well as well.

Something I Recommend

Many of you know of my performance coach, Jason Drees. Jason has been my coach now for over 5 years and has helped me personally overcome some limiting beliefs, scale my business, and hit some crazy goals. The first step in hitting crazy goals is identifying them. Jason and his team are providing a complimentary impossible goal settting session – to help you uncover the impossible target you should be aiming it. Here is the link to get yours.

For my health-conscious friends (or those trying to be healthier), I’ve been using MyBodyTutor for years for accountability on my fitness and diet. These guys assign you a coach to hold you accountable, track your food, suggest exercises etc. You can check them out here.

Disclosure: “Some of the links in this post are affiliate links, which means I may earn a commission if you click on the link and make a purchase. However, please note that all opinions expressed here are my own and I only recommend products or services that I have personally used and found valuable."

Your Friend,

P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)