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BiggerPockets Real Estate Podcast

457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 4 April 2021

⏱️ 64 minutes

🧾️ Download transcript

Summary

Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance. Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today. Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best. We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps. In This Episode We Cover: Patrick’s journey from refugee to multi-million dollar business owner  Pushing yourself to perform at the highest level you possibly can Giving your children values instead of material gifts Thinking five steps ahead of yourself and the competition Going through a “Personal Identity Audit” and learning to accept yourself Entrepreneurship vs Intrapreneurship And So Much More! Links from the Show BiggerPockets Podcast BiggerPockets book store Brandon's Instagram David's Instagram Your Next Five Moves Website Check the full show notes here: http://biggerpockets.com/show457 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, 457.

0:04.0

I know a lot of people that have good ideas.

0:05.7

I know a lot of people that are workers.

0:06.9

I know a lot of people that want to do something big with their lives.

0:09.6

But they force move 19 to move to and it breaks everything down.

0:15.7

They try to buy a house.

0:17.1

They cannot afford to early.

0:18.8

They lose it all.

0:19.9

They try to go out there and kind of become this famous person

0:23.9

that they haven't done yet enough to get there.

0:26.0

And they want that kind of respect.

0:27.6

The sequencing is where we make the mistakes in.

0:30.3

And that's why I wrote the book your next five moves,

0:32.2

which is really all about sequencing.

0:34.7

You're listening to bigger pockets radio,

0:37.3

simplifying real estate for investors large and small.

0:41.0

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

0:43.6

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

0:46.9

Stay tuned and be sure to join the millions of others

0:49.7

who have benefited from bigger pockets.com.

0:52.8

You're home for real estate investing online.

0:56.0

What's going on over on it's Brennan Turner host of the bigger pockets podcast

...

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