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BiggerPockets Real Estate Podcast

254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 23 November 2017

⏱️ 130 minutes

🧾️ Download transcript

Summary

Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today. In This Episode We Cover: How the gang connected with Tim Whether his mom would be impressed by his accomplishments Why he walks to the beat of his own drum His recent “silent” retreat The value of meditation What you should know about self-awareness training The ins and outs of the book Tribe of Mentors Patterns that are common amongst high achievers The importance of turning off distractions Principles to live your life by How to be truly effective Tips for using money to buy time The 3 advantages that you can have in any type of investing How Tim Ferriss invests What a good investment entails Indicators of a solid property How Tim would analyze real estate The fundamental differences in real estate as an asset class The “worthlessness” of hard work How to balance ambition and being contented And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Duolingo Alibaba BP Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan BP Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday The Summit Conference Headspace Tim Ferriss Show: Jocko Willink’s Episode Tim Ferriss Show: Jamie Foxx Episode Nuzzel Moment App Rescue Time App Freedom Time App Fiverr Tim Ferriss: BJ Miller’s Episode 99Designs Duodie on Instagram Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han The Book on Flipping Houses by J. Scott Finding and Funding Great Deals by Anson Young The 4-Hour Work Week by Timothy Ferriss The 4 Hour Body by Timothy Ferriss The 4-Hour Chef by Timothy Ferriss Tools of Titans by Timothy Ferriss Tribe of Mentors by Timothy Ferriss Young Millionaires by Rieva Lesonsky Man’s Search for Meaning by Viktor Frankl Poor Charlie’s Almanack by Charles T. Munger The Better Angels of our Nature by Steven Pinker Principles by Ray Dalio Warren Buffett Speaks by Janet Lowe Richest Man in Babylon by The Radical Acceptance by Tara Brock Berkshire Hathaway Letters to Shareholders More Money Than God by Sebastian Mallaby Liar’s Poker by Michael Lewis Lifeonaire by Steve Cook Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics: “I don’t like having my sanity depend on luck.” (Tweet This!) “When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!) “It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!) “It’s not how you do things, it’s what you do.” (Tweet This!) “Effectiveness over efficiency on all things.” (Tweet This!) “Thinking is actually asking questions and answering them in your own head.” (Tweet This!) “There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!) “In the end, success is sleeping well.” (Tweet This!) “Worrying is praying for what you don’t want.” (Tweet This!) “It’s very hard to fail completely.” (Tweet This!) Connect with Tim Tim’s Website and Podcast Page Tribe of Mentors Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast.

0:03.0

Show!

0:04.0

254.

0:06.0

It's not how you do things, it's what you do.

0:08.0

So, in other words, if effectiveness is doing the right things and efficiency is doing things right, it's far more

0:16.3

important to choose the right things.

0:18.0

You're listening to bigger pockets radio, simplifying real estate for investors large and small. If you're here

0:25.7

looking to learn about real estate investing without all the height, you're in the

0:29.6

right place. Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:37.0

Your home for real estate investing online.

0:40.0

What's going on everybody? This is Josh Dorkin, host.

0:42.8

They're the BiggerPockets podcast here with my co-host,

0:46.1

Mr. Brandon Turner. What's up, man?

0:48.1

Hey, man, that was a good show. We just got done recording it, so everybody else is

0:52.1

about to listen to it. We did

0:53.8

unbelievable. Oh yeah epic epic definitely you know and it's it's not just

1:00.9

because our guest is super awesome and amazing. It is the content of today's show was mind-blowing. Definitely one of my favorite shows that we've ever done. So really quite good man how have you been everything good things

1:16.2

are good yeah you know we've been talking about all year long now I've been telling everybody

1:19.3

I want to buy a mobile home park because I thought that would be fun to try I also have this big 1031 exchange going on where I had 45 days to find a property.

1:26.0

Yeah, hey, so anyway, back to the show. Hold on. Nope, nope, I got a break about this. Two birds, one week yeah last week did you get it

1:35.1

done like just in the nicotine four hours before the deadline ended my 45 days

1:39.7

I get done for four before signed a contract on a 49 unit mobile home park and a 24 unit apartment complex.

...

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