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BiggerPockets Real Estate Podcast

433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 10 January 2021

⏱️ 76 minutes

🧾️ Download transcript

Summary

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand. What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020. Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance. It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward. This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them. Links from the Show BiggerPockets Podcast BiggerPockets book store #Maxout Your Life Website Books Mentioned in this Show: #Maxout Your Life by Ed Mylett E-Myth by Michael Gerber Click here to check the full show notes: https://www.biggerpockets.com/show433 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast Show 433.

0:03.6

I'm not saying that success won't change you.

0:05.8

I'm saying it probably will and it probably will be for the better.

0:08.9

And you don't want to be the same dude in 10 years you are now.

0:11.8

You want to be a different dude.

0:13.4

And the more success you become, the more likely you can become that dude.

0:17.7

You're listening to Bigger Pockets Radio.

0:20.6

Simplifying real estate for investors large and small.

0:24.3

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

0:27.2

without all the hype, you're in the right place.

0:30.4

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

0:36.4

Your home for real estate investing online.

0:39.6

What's going on everyone?

0:40.6

It's Bren and Turner host of the Bigger Pockets Podcast.

0:43.6

Here with my co-host Mr. David Green.

0:46.3

David, welcome to the show, man.

0:48.4

Are you, are you as pumped up of I am after just finishing that interview?

0:52.1

We just got done recording with our guests today.

0:54.0

And I'm like, I think I'm trembling a little bit.

0:56.5

Like, that was crazy.

0:58.2

I don't even know how to put into words how that guy makes you feel when you listen to

1:01.0

the talk.

...

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