meta_pixel
Tapesearch Logo
Log in
Wealthy Way

Avoid Going Bankrupt This Recession | Justin Colby

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 22 November 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

I’ve got Justin Colby on my podcast today! Justin went to UCLA but firmly believes that college degrees are not that important because he’s never used his! He’s been an entrepreneur ever since he graduated! He got his degree in English because of a stat he read stating that 50% of the fortune 500 were English majors. What’s ironic is that through high school he read only one book! He went into sales where he owned a door-to-door sales business selling a variety of products. Justin believes that this was a great experience and grew his sales skills immensely. He eventually caught pneumonia and had to shut down the sales business. While recovering, Justin Colby got into real estate and ended up opening his own brokerage. When the market crashed in 2008, Justin went broke! This is when he transitioned from his brokerage to the investing side of real estate.

10 Ways To Thrive This Recession - https://youtu.be/V3jx9pZkr7A

Preorder The Wealthy Way Book - https://www.amazon.com/Wealthy-Way-Dont-Broke-Trying-ebook/dp/B0BM4VXHPN/ref=sr_1_5?crid=2X3HZDXOI6WTH&keywords=wealthy+way&qid=1669139760&s=books&sprefix=wealthy+way%2Cstripbooks%2C87&sr=1-5

Connect with Justin Colby!
Instagram - @thejustincolby
YouTube - Justin Colby
TikTok - @justincolbytsof

For only .99 CENTS preorder my new book “The Wealthy Way: Don’t Go Broke Trying To Get Rich” and get FREE access to my new course “Business Builder Academy” where I go over all the fundamentals of building a 7-figure business.

https://WealthyWay.com/Book
______________________________________________________
Here's how my businesses can help you:

Want to be coached by me on real estate investing? Apply at https://futureflipper.com

Are you an entrepreneur who wants to build their personal brand on social media? Go to https://contentempire.io

You can invest in my real estate deals! Go to https://pinedacapital.com

Need tax and accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

Are you a woman in entrepreneurship? Join our women's mastermind! https://wealthywoman.io/

Join my coaching program for real estate agents! https://wealthyagent.io/

For a free consultation with my team go to https://RyanPineda.com

______________________________________________________
My other social media channels:

Subscribe to my main channel "Ryan Pineda" https://www.youtube.com/c/ryanpineda

Subscribe to my real estate only channel "Future Flipper" https://www.youtube.com/c/futureflipper1

Follow me on Social Media:
https://www.instagram.com/ryanpineda
https://www.tiktok.com/@ryanpineda
https://www.twitter.com/ryanpineda
______________________________________________________

With Justin’s experience going broke in the economic downturn in 2007, Justin advises to live well within your means! Once he started investing in real estate, it took him 9 months to get his first deal, but his momentum was started!

real estate investing, investing in real estate, real estate, real estate investing for beginners, how to invest in real estate, rental property investing, wholesaling real estate, California real estate, Phoenix real estate, real estate virtual investing, Las Vegas real estate market


Transcript

Click on a timestamp to play from that location

0:00.0

I'm not gonna quit on YouTube because I know it works and it's like 100%.

0:03.2

I just need to adapt and I need to change.

0:05.2

And the only way I fail is by quitting.

0:07.5

Having failures along the way isn't me failing.

0:09.9

It's just part of the process.

0:11.1

There's real estate deals I've done where I've lost hundreds of thousands at all.

0:14.4

In one, I've lost seven figures.

0:15.9

So I need to look at that, take the lesson and keep going.

0:18.6

You adapt, you learn, you figure it out, and then you keep going.

0:21.7

Success doesn't come without fail.

0:24.7

Justin Colby, what up, dude?

0:25.8

What's going on, man?

0:27.0

Not too much, man.

0:28.2

How's it going?

0:29.0

Like how long you been in Vegas, man?

0:30.1

I heard you were with Shombob last night.

0:31.7

Yeah, got in yesterday, classic hurricane coming towards Miami.

0:36.2

So if I didn't fly out yesterday, probably wasn't making here for this podcast.

0:39.7

So couldn't miss my guy Ryan's podcast.

0:42.1

There we go, baby.

0:43.5

It's good to see you, man.

0:44.8

I'm gonna see you again.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ryan Pineda, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ryan Pineda and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.