328: David Greene on The 3 "Pillars" of Wealth That Lead to Financial Freedom

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 7 October 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you dream of becoming a successful real estate investor, there are three “pillars” of wealth you must build in your own life. What are these keys to financial freedom? Well, fortunately, today’s guest has written an entire book about them! Welcome back to the Real Estate Rookie podcast! Today, we’re speaking with none other than David Greene—host of the BiggerPockets Real Estate podcast and author of SIX top real estate investing books—the latest of which is titled Pillars of Wealth. Far too often, rookie investors dive into the world of real estate without having mastered the three areas they need to succeed—making, saving, and investing their money. Then, they are gutted when real estate doesn’t work out for them. The truth is that the money habits you build today will follow you throughout life. Work hard, foster a healthy money mindset, and master one challenge before advancing to the next. This is the real path to financial freedom. In this episode, David shares his own experiences with money—including how he was able to steadily increase his income over time, save over $100K while in college, and find success as a real estate investor. You’ll learn about the true cost of financial freedom, how to play offense AND defense with your money, and why you MUST work the long game with real estate—prioritizing delayed gratification over immediate cash flow! In This Episode We Cover: Succeeding in real estate by building the three “pillars” of wealth How to increase your income so that you can invest in real estate Why you NEED to measure and track your net worth, cash flow, and quality of life Building wealth by playing offense AND defense with your money Achieving financial freedom by choosing delayed gratification over quick cash flow And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Tune in to the “BiggerPockets Real Estate” Podcast Grab Another Wealth-Building Book from David Greene Calculate Your Net Worth, Assets, and Cash Flow with Stessa Book Mentioned in the Show Pillars of Wealth by David Greene Connect with David: David's BiggerPockets Profile David's Instagram David's Website Spartan League Check the full show notes here: https://www.biggerpockets.com/blog/rookie-328 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real State Rookie Episode 328.
0:05.0	Really, the book is an antidote against deception.
0:07.5	The people who are getting into our game, they don't know who to listen to.
0:10.4	They've got these people saying this, and those people saying this,
0:12.7	and this TikTok first, and this podcast,
0:14.4	while most of us go with what sounds the easiest.
0:16.6	One of the ways that you avoid being deceived,
0:18.6	is you ask yourself if the information that you are being told
0:21.5	works in other areas of life.
0:23.3	Can I go to the gym with that philosophy
0:25.5	that I don't have the work hard when I'm there,
0:27.3	but as long as my outfit looks good,
0:29.4	I'm going to leave burning a lot of calories, right?
0:31.6	And if everyone looks at the world that way,
0:33.7	we are much less likely to be deceived by the predators
0:36.6	that are out there that want to steal our eyeballs
0:38.8	and steal our money and take whatever we're doing.
0:41.3	My name is Ashley Care,
0:42.8	and I am here with my co-host, Tony J. Robinson.
0:45.9	And welcome to the Real State Rookie Podcast,
0:48.2	where every week, twice a week,
0:49.9	we're bringing you the inspiration, motivation,
	...

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