#319: How to Finish the Wealth Building Game (And Avoid Falling Backwards)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 27 November 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
Episode #319 – Brace yourself for the thrilling leap into the ender phase - where the magic happens! This is where you'll prioritize financial freedom, slash risks, and craft a successful life dances to your rhythm.
🔗 Show Notes:
https://www.coachcarson.com/enderphase/
🎬 Timestamps:
0:00 - Intro
1:12 - Winning the financial game
6:15 - Pruning your portfolio
8:29 - Trading/Exchanging property
9:48 - Sell the property/Pay taxes
10:37 - Rethinking your debt
16:57 - Operations of your rentals
19:44 - Chad's personal journey
28:25 - Real estate is a journey
--------------------------
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
🖥️ Learn with Coach (Courses, Books & more):
👋 Connect with Me:
📸 https://www.instagram.com/coachchadcarson
👍 https://www.facebook.com/coachchadcarson
🐦 https://twitter.com/CoachChadCarson
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Have you ever seen a football game where one team is winning and it's in the final minutes of the game? And the coaches for the winning team completely change their strategy. Instead of trying to score more points by throwing a pass or doing the normal runs, the quarterback simply takes this nap and takes a knee. What the coaches are saying in this situation is, as long as we don't make a mistake, if we don't throw an interception or fumble the ball, |
| 0:21.0 | we're golden. We're going to win this game. So let's be extremely conservative and then just let |
| 0:25.8 | the clock run out. Well, the same idea applies to us as real estate investors who are building |
| 0:30.4 | wealth and trying to cross the finish line of financial freedom. And yet there are a lot of |
| 0:35.2 | real estate investors who've essentially already won the game. |
| 0:38.2 | They have a lot of rental properties. |
| 0:39.8 | They've built a large net worth. |
| 0:41.6 | And yet they're still playing the original game. |
| 0:44.2 | They're doing the equivalent of risking, throwing interceptions and fumbling the ball and losing everything they've worked many, many years to achieve. |
| 0:52.0 | Warren Buffett says this. |
| 0:53.3 | It's insane to risk what you already have |
| 0:56.2 | for something you don't even need. So in this episode, I want to show you how to follow Warren Buffett's |
| 1:01.3 | advice and switch the real estate investing game we're playing. So you can actually win the game of |
| 1:06.6 | financial freedom and have more cash flow, have more free time, and have peace of mind so you can |
| 1:11.7 | sleep well at night. Now, to win the ultimate financial game, it helps to think about your |
| 1:15.6 | real estate investing journey in three distinct phases. This is an idea I got from a long-time |
| 1:20.8 | teacher and investor named Pete Fortunato. And Pete always said that the first stage you go through |
| 1:26.0 | is just becoming a starter. You're a new investor and your objective isn't to win the financial game. Your objective at that point is just to get in the game. You've just got to get a property or two under your belt. You've got to get your foot in the door because sometimes it's the most difficult step is that first one to get that first property. And so as a starter, just getting any deal |
| 1:45.2 | that's safe, that's reasonable, that's in a good location, can often be a success. Because a lot of |
| 1:50.4 | the growth that happens as a new investor is in between your two years, is the knowledge that |
| 1:55.2 | you compound and you learn. It's the relationships you build, the network you build, that knowledge |
| 1:59.7 | and those relationships are what will really catapult you to the next level, to the network you build, that knowledge in those relationships are what |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chad Carson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chad Carson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

