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BiggerPockets Real Estate Podcast

326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 18 April 2019

⏱️ 59 minutes

🧾️ Download transcript

Summary

What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day. In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals. Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love. In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities. This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together. Download it today! In This Episode We Cover: The background of these founders The story behind the three amigos and the founding of GoBundance The Pillars of GoBundance Having a genuine contribution Having authentic relationships Having extreme accountability Having horizontal income Having age-defying health Having bucket list adventures How to reach your financial goal Finding motivation to earn and grow more And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) 1 Life Fully Lived Books Mentioned in this Show The Miracle Morning by Hal Elrod The 4-Hour Work Week by Timothy Ferriss Rich Dad, Poor Dad by Robert Kiyosaki 6 Steps to 7 Figures by Pat Hiban & Gary Keller Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Retire Young Retire Rich by Robert Kiyosaki Richest Man in Babylon by George S. Clason How to Invest in Real Estate by Brandon Turner and Joshua Dorkin Think and Grow Rich by Napoleon Hill As a Man Thinketh by James Allen The E-Myth Revisited by Michael E. Gerber Tweetable Topics: “How can I work as little as possible and keep making money?” (Tweet This!) “Spend your time doing the things that make you money and delegate the rest.” (Tweet This!) “Real estate is the everyday man’s way to wealth.” (Tweet This!) “My car is always secondhand.” (Tweet This!) “Set financial goals, not material ones!” (Tweet This!) “All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!) “It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!) “You can’t build a successful business without health.” (Tweet This!) “A life without contribution is a life not worth living.” (Tweet This!) “Always be where you are.” (Tweet This!) Connect with Pat, Tim, and David GoBundance Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pocket Podcast Show.

0:05.0

What show is it?

0:06.0

I don't even know what she says.

0:08.0

If I hadn't told my buddies in my tribe, hey I'm struggling here.

0:11.0

I don't know how to get my wife to be a really good assistant like I'm trying to get her to be.

0:14.4

And all my friends educated me, dude, you are an idiot. You need to go in a different direction and I slowly soaked it in over multiple years.

0:22.4

And now I understand. and I'm slowly soaked in over multiple years. Me and Tim took bets on their divorce.

0:24.0

And now I understand.

0:25.0

Now I realize that I'm my wife's assistant.

0:29.0

The light has shone on me.

0:31.0

And so I'm here to serve her.

0:32.0

And it's been a game-changing for me.

0:33.4

I have the best place that I've ever had.

0:35.0

And about six years ago, I'm like, it was so tough, I wasn't sure I was going to make it.

0:38.2

And that's because of transparency.

0:39.6

So now, of course, I'm addicted to transparency.

0:41.8

You're listening to Bigger Pockets Radio,

0:45.0

simplifying real estate for investors large and small.

0:48.0

If you're here looking to learn about real estate investing,

0:51.0

without all the height, you're in the right place. Stay tuned

0:55.1

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

1:00.1

Your home for real Estate Investing Online.

...

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