June 16, 2022
Something I’m Reading
I’ve been traveling a lot the past week so I’m still reading the same books as last week - “$100M Offers” by Alex Hormozi and “Save the Cat! Writes a Novel” by Jessica Brody. “$100M Offers” is a must read if you’re interested in making money online. “Save the Cat! Writes a Novel” is a good book if you’re interest in writing, specifically how to structure novels and nonfiction books. I’ll have some fresh book suggestions for you guys next week :)
Something I Teach
As a parent, sometimes I get a little sad thinking about the future because I love my kids so much where they are right now and it makes me a little sad knowing they’re going to grow up and change. But then when I look into the past, I realize that every single age my kids have ever been, it has always been the perfect age. It’s always perfect. Like right now, Rosie just turned six years old, and I love it. It’s so much fun. Yes - the past years were great too, but I love Rosie at six. I would be more sad if magically she was 4 instead of 6. Same with my son, Wilder at 2 years old. And when Wilder turns 3, that will be perfect.
I was talking with my coach, Jason Drees, the other day about this. And I came up with a startling revelation: what if this is the answer to being happy and content in all areas of life? Hear me out: Often times, I’m guilty of looking forward to some goal in the future and thinking , “When I get that, I’ll be happy. I’ll be ‘there.’” Of course, I don’t say those words, but that’s kind of the feeling I get. Can you identify with that? But what if we started looking at all of life the same way I look at my kids age. It’s perfect right now. It will be perfect in the future as well. And it was perfect in the past. This doesn’t mean everything in life will be perfect, anymore than my kids are perfect all the time. But the time is perfect. I don’t need to rush it. I don’t need to regret the past or long for the future. It’s perfect, right now, in the present. So sit back and enjoy it.
Something I Photographed
One of the slides from the conference I just attended….
(Yes that’s me and AJ Osborne on the screen!)
Something I’m Excited About
I just did 3 conferences in 3 days! I met a ton of real estate investors and business owners, talked to a lot of my LP investors, and overall had a great time connecting with people.
Something I Can Answer
Every week, I answer one question asked by a BTB subscriber. Have a question you want me to answer? Reply to this text with your question!
Question: “Any tips with getting your spouse on board with REI? My wife always comes back to ‘I don’t think it’s the right time. We’re so busy’”
First of all, media changes mindset. Get your spouse to read a book, listen to podcasts or consume something similar on the topic real estate investing. A good way to do this is make a trade with them or take them on vacation to do so. For my wife, I agreed to read Twilight if she would read a book on real estate investing. It worked :)
Secondly, often people say something general like “I think we should invest in real estate” which is too vague to really get a spouse on board. But if you say something like “This is a duplex that will cashflow $700 a month with property management”, that is very different conversation. It’s specific and allows them to evaluate and understand it.
Lastly, give a purpose to the cashflow from a rental or profit from a flip. For example, the cash flow from this property will cover the car payment or the profit from this flip can pay for a year of college. All of a sudden, there’s a real, tangible benefit to it versus “we are going to invest in real estate” which may sound more like a scam or wild dream.
Your Friend,
P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)