#331: David Greene was laughed at for doing this - until he became a Millionaire
Real Estate Investing with Coach Carson
Chad Carson
4.9 โข 613 Ratings
๐๏ธ 19 February 2024
โฑ๏ธ 55 minutes
๐๏ธ Recording | iTunes | RSS
๐งพ๏ธ Download transcript
Summary
โญ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
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๐๏ธ Episode #331 โ David Greene from Bigger Pockets recaps his journey from restaurant gigs in college to real estate millions. Discover how his relentless work ethic translated into what he calls the "3 Pillars of Building Wealth."
๐ Show Notes:
https://www.coachcarson.com/davidgreene/
โถ๏ธ Next Video: How to Confidently Buy Your First Rental Property (10-Steps)
https://youtu.be/Vl82XxjUiGA?si=4eBQi0HOFG1bWS8i
๐ฌ Timestamps:
0:00 - 4 Strategies to Wealth Building
1:34 - Comparing wealth to fitness
9:51 - David's motivation to work
14:11 - Building money-making skills
27:23 - David's evolution as an investor
37:44 - Risk Managing and Portfolio Building
48:08 - How the real estate game has changed
52:22 - How to connect with David
๐ Connect with David
- David's Book: https://store.biggerpockets.com/products/pillars-of-wealth
- David's Website: https://www.davidgreene24.com/
- David's Accelerators: https://www.davidgreene24.com/agent
- David's Instagram: https://www.instagram.com/davidgreene24/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | They would kind of talk trash and say David's stupid. |
| 0:03.3 | Like he loves working. |
| 0:04.8 | That's David Green, hosted the number one rated Bigger Pockets Real Estate Podcast with over |
| 0:09.2 | 110 million downloads. |
| 0:11.5 | David's a multi-millionaire and he has some really good advice about how anyone can |
| 0:15.7 | start from scratch and build massive amounts of wealth. |
| 0:18.8 | If you are listening to this and you want to be wealthy, there's three things that you're going to have to focus on. In this episode, you'll learn how to play offense and make a lot more money. You have to be good at certain things in order to make money. How to play defense and keep a lot more of the money you make. I knew that if I was able to save $500 a week, that translated to $24,000 a year. |
| 0:39.5 | The light bulb moment when David learned how to recycle his cash using the now famous Burr strategy. |
| 0:45.2 | I would never buy this house and put 70% down on it. |
| 0:49.3 | What would happen if I refite it? |
| 0:50.8 | And how to avoid losing it all financially. |
| 0:53.5 | And now we're going to dig into all of that |
| 0:55.4 | and more. |
| 1:04.5 | David, welcome to the show. Congratulations on book number six. That's incredible. |
| 1:13.7 | Thank you, Chad. Yeah, I got to the point where i'm kind of just like constantly writing a book in between meetings and other things that i'm doing i've told the |
| 1:18.7 | publishing company that when you're in like book writing shape you got to just keep writing it you don't |
| 1:22.8 | want to get out of shape and have to get back into it again it's like a marathon ultra marathon right |
| 1:26.8 | you just got to keep on running otherwise you'll you'll get stuck. That's right. Don't stop to tell your shoe. |
| 1:31.9 | I'm impressed. Well, I look forward to talking about this book. And the first thing that kind of |
| 1:36.2 | struck me is someone who's an athlete. I know you've been in athletics as well. You compared, |
| 1:40.9 | you picked a topic of building wealth over this long journey, which kind of like |
| 1:46.9 | telling somebody they need to get into fitness or go on a diet is long, it's uncomfortable, |
... |
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