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BiggerPockets Real Estate Podcast

800: Million-Dollar Advice from Millionaire Investors Codie Sanchez, Alex and Leila Hormozi, and More!

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 3 August 2023

⏱️ 52 minutes

🧾️ Download transcript

Summary

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special! This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours. Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks! In This Episode We Cover What you should NEVER ignore if you’re building a rental portfolio or business Why focusing on making money while you’re young is a WASTE of time The $3,000 purchase that Alex and Leila Hormozi wish they could take back Why you DON’T need money to make millions and an eight-figure mistake you CAN’T repeat Building your systems and processes NOW so you can relax while others work for you Shiny object syndrome and how it’s secretly making you broke And So Much More! Recorded at Spotify Studios LA. Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Recorded at Spotify Studios LA. 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 800.

0:04.0

In the very beginning, it's lack of resources and knowledge that I feel like was holding me back.

0:09.5

And then now I would say that it is overwhelmed of resources and knowledge.

0:14.0

The most important thing isn't that you have success young.

0:17.0

It's that you stack the deck in your favor.

0:19.0

And the way you would do that is by learning as much as humanly possible young.

0:22.5

First business we ever started, we had to raise money for.

0:24.5

There was this guy who told us that he would help us raise money.

0:27.0

And he said, I'm gonna raise the money.

0:28.5

But I'm taking the equity now.

0:29.5

So we gave him equity before he performed.

0:31.5

He didn't raise any money.

0:32.5

We ended up selling the company.

0:33.5

And that cost us about $2.5 million.

0:35.5

Whoa!

0:36.5

That one hurt.

0:49.5

It's going on everyone.

0:50.5

It's David Green, your host of The Bigger Pockets Real Estate Podcast.

0:53.5

We are the biggest, the baddest, and the best real estate podcast in the world.

0:57.5

And we have a special episode for you all today.

1:00.5

Episode 800, quite the milestone.

1:03.5

We wanted to do something special for you guys.

...

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