Stop Listening to the People Closest to You, and Start Listening to the People Closest to Your Goals | E309

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 18 February 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The people around you might care about you—but that doesn’t mean they know what’s best for your future. In this solo episode of The Rich Somers Report, Rich shares why taking advice from family, friends, and coworkers who have never done what you’re trying to do can hold you back—and why surrounding yourself with the right people is the key to success. Rich breaks down: Why most people discourage risk-taking—and how to push past their limiting beliefs. The biggest mistake new investors an...

Transcript

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0:00.0	Now people don't really tell me it's risky because I had to go out there and prove myself.
0:03.8	I had to become the version of myself that can go and walk through these doors and do all these things.
0:09.5	But especially when you guys are starting out, whether it's a new venture or a new real estate deal that you guys are buying, you're going to hear a lot of folks tell you it's too risky.
0:18.3	And that's just the nature of it.
0:20.4	Welcome to the Rich Summers Report where we talk real estate, business, and wealth building
0:24.6	all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
0:34.0	What's up everybody? Welcome to another episode of The Report today. We are going to talk about probably the biggest lever that you guys can pull.
0:42.1	If you listen to this, and maybe you are a full-time W-2 employee looking to do your first real estate deal, or maybe you're looking to start that first business or get into whatever that new venture might be.
0:53.1	This is the biggest lever you can pull. And probably
0:55.3	the biggest mistake that I see a lot of folks making out there is stop listening to the people
1:01.0	closest to you and start listening to the people closest to your goal. And sometimes this
1:06.0	might mean stop listening to your parents. And sometimes this might mean stop listening to your
1:09.9	friends, your family members, folks that have never done it before. And so unless your parents or your family
1:16.1	members and your friends, the people closest to you, unless they're in a place to where you inspire
1:20.4	to become, whether it's five years down the road or 10 years down the road, you probably should
1:26.3	think twice about taking advice from
1:27.9	those folks. I know back in 2019 when I was getting my start in real estate investing,
1:32.2	I was working full time as an air traffic controller at the time. I didn't know a whole lot about
1:36.9	business or real estate, but I was consuming a lot of books. I was listening to a lot of podcasts.
1:41.4	I was going to networking events in the real estate investing space and I was getting around a lot of podcasts. I was going to networking events in the real estate investing space,
1:44.5	and I was getting around a lot of folks that have been doing it. And, you know, when you listen to a
1:48.5	podcast, the cool thing about a podcast is you get to hear from others, their stories, their journey,
	...

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