My $500K Failure

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 12 October 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Failure can be your biggest teacher...

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

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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

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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

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While 2019 was a great year for me a business, I wasn't looking closely at the details of my systems and processes. Soon, it became apparent that changes needed to be made! I lost $500K house flipping, but I didn't let this failure get to me.

Are you okay with failing?

real estate investing, real estate investor, failure, mindset, growth mindset, entrepreneurship, entrepreneur advice

Transcript

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0:00.0	For you, you've been asking me about real estate for years.
0:07.0	When do we buy your house you live in now?
0:11.0	Three years ago.
0:12.0	Coming up on three years.
0:13.0	We got you that one three years ago.
0:15.0	Ever since then, you've been talking about rental properties and all that.
0:19.0	Why now?
0:20.0	What's been the push?
0:22.0	I'm rebuilding the capital to get into that.
0:27.0	I'm looking more on not what could go wrong but what could go right?
0:34.0	It was definitely a mindset change.
0:37.0	I've been thinking very differently the last seven months.
0:41.0	A lot of me has been held back because I'm like, oh God, what's going to go wrong?
0:48.0	Everything.
0:49.0	I'm going to lose everything.
0:50.0	I can't have my kids sleeping on the street.
0:56.0	Now I'm taking that risk to what could go right.
1:02.0	What caused that mindset change?
1:05.0	Because most people it is fear.
1:07.0	Fear is what prevents people from taking action.
1:10.0	For me, over the last seven months, it's been a wild ride.
1:15.0	I got dumped by my girlfriend of seven years.
	...

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