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BiggerPockets Real Estate Podcast

305: Financial Independence in Your 30s Through Just 5 Investment Properties with Brad Dantonio

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 22 November 2018

⏱️ 73 minutes

🧾️ Download transcript

Summary

Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties. Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic! Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss! In This Episode We Cover: How Brad got into real estate How he increased his income every year for 13 years because he was fanatical about self-development How journaling impacted his life The story of him selling his software to make money and using it to to buy houses How he ended up self studying about negotiation and sales His offensive and defensive techniques on living less and earning more The value of tracking expenses Why he thinks he’s wealthier than billionaires through the concept of time wealth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Meetup and Events BiggerPockets Webinars My Fitness Pal My Body Tutor Toshl How Does it Feel to be Rich? (Blog) BiggerPockets Store MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode) A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog) Connect with BiggerPockets Publishing SalesForce Amazon Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Lifeonaire by Steve Cook & Shaun McCloskey Poor Charlie’s Almanack by Charles T. Munger How to Invest in Real Estate by Joshua Dorkin, Brandon Turner How to Win Friends & Influence People by Dale Carnegie 90 Days of Intention Journal by Brandon Turner The Richest Man in Babylon by George S. Clason Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow Robert Greene’s Mastery The 48 Laws of Power by Robert Greene Shoe Dog by Phil Knight Fire Round Questions Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate If someone has the money to pay the mortgage in full, should they do it? or invest it? To MBA, or not to MBA? Would you buy a property with pending tenant evictions? Tweetable Topics: “Inspect what you expect.” (Tweet This!) “You can’t spend enough money on books.” (Tweet This!) Connect with Brad Brad’s Personal Website Brad’s Twitter Profile Brad’s Instagram Brad’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast, show number 300 and five.

0:07.0

I think that I have more time wealth than a lot of billionaires.

0:11.0

So on Thursday I'm headed to Munich for three weeks and my wife is going to meet me there.

0:15.0

So one of my retirement gigs is touring people around Central and Eastern Europe.

0:19.0

And I'm able to do that because when I was in my travels since April 2015 one day I was sitting at a

0:26.1

cafe and a guy said man you ought to turn this into a business so I do that like two

0:29.7

or three times a year where I'll show people around Munich and Prague and Budapest.

0:33.8

So that's one thing that I'm able to do that if I was climbing the hierarchy, I wouldn't have

0:39.2

the time to do.

0:40.8

You're listening to Bigger Pockets Radio, simplifying real estate for investors

0:45.1

large and small. If you're here looking to learn about real estate investing

0:49.4

without all the hype, you're in the right place. Stay tuned and be sure to join the millions of

0:55.1

others who have benefited from bigger pockets.com. Your home for real estate

1:00.1

investing online. What's going on everyone?

1:03.0

This is Brandon Turner, host of the BiggerPockets podcast here with the co-host of the day, of the year, of the month.

1:11.0

Mr. David, Green, David, how you doing how you doing man what have been up to? I'm doing great

1:16.0

closed on a property yesterday I believe. You're on fire you're on fire and

1:20.6

Fuego yeah it's going really well so I have phone calls with contractors

1:24.4

set up now I get to start the part that we all love which is managing a rehab

1:28.2

but once you get through that then it becomes a cash cow and you get to enjoy making money.

1:33.2

That's super super excited and well.

1:35.5

The dream of owning a vacation home can be daunting

...

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