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The Rich Somers Report

Life Rewards Those Who Go All In | E213

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 9 July 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Today we're dropping a special episode from Rich's live speaking engagement at Tony & Sara Robinson's STR Summit in Denver a couple weeks ago. Rich delivers an insightful presentation to the crowd by diving into all things boutique hotel investing, mindset, what it takes to build a portfolio, scale that portfolio, and so much more. He discusses the importance of sacrificing certain things to get to the next level, his transition from an air traffic controller to where he is today in the r...

Transcript

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0:00.0

The truth is, more than half of you are going to be in the same fucking place a year from now than you are today,

0:05.0

and more than half you are not going to take action regardless of all the fucking value that you guys are going to learn in this conference these next couple days.

0:11.0

I'm just, I'm being honest's just that's just the stats right?

0:14.5

And so I want you guys to know the reason that I've seen a lot of growth over the last five years

0:20.0

is not because I fucking doubled my foot in or I wanted to try things out

0:23.9

and make sure everything was fucking aligned before I jump in.

0:26.7

Life awards those who go all in.

0:28.6

Welcome to the Rich Shummers Report where we talk real estate estate, business and wealth building all while keeping it real. No fluff, no BS. I hope that you enjoy the show.

0:48.4

All right guys, welcome to another episode report today. We are dropping a full episode on the Denver Speak Engagement I did just about a week and a half ago out in Denver with Tony and Sarah Robinson who hosted the event.

0:57.5

Super, super fun, it was the STR summit, they had me come out there and speak on boutique hotel investing, mindset mindset what it takes to build a portfolio

1:05.4

scale a portfolio all that good stuff so without further do let's go ahead and jump into it

1:09.9

what's up everybody how we feeling today I'm double-fisting and it's not even five o'clock yet

1:15.1

No, in all reality actually gave up drinking

1:18.6

About 60 days ago. I just got to a point where I realized, you know, on average I was drinking, you know, socially, maybe two to three times a week, but too often just one drink would lead to a late night.

1:31.0

And that's two to three times a week to where the entire next day I'm operating at

1:36.4

40-50 percent and I realize there's levels to the game and sometimes in order to get to that next level

1:42.4

you got to sacrifice certain things.

1:45.0

And, you know, two to three times per week operating at 40, 50 percent.

1:49.7

That's the difference between someone getting to the college basketball level and someone becoming Kobe Bryant and that's how Kobe was able to get ahead

1:57.4

when others were out partying and that sort of thing. So I realize there's levels to the game

2:02.3

and when you can operate at 110%, it compounds over and over and over.

2:07.4

When you compound it over weeks, months and years, it makes a big difference.

...

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