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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

The Most Expensive Thing You Can Own...

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 20 November 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

A closed mind will cost you everything... We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Joi...

Transcript

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0:00.0

And the most expensive thing you can own is a closed mind.

0:03.0

And if my mind is blind to the possibility, my eyes will be blind to the opportunity.

0:06.5

I really won't see it.

0:08.0

So because I didn't study it, I couldn't make an educated decision.

0:10.5

But once I started to study it, I realized like,

0:13.1

yo, like let's say investing, it's like a Honda.

0:16.7

It'll get you where you want to go. It might take a career, 20 years, 25 years.

0:20.6

This is a Ferrari. I will get there in a fraction of the time. I don't know. You lost me. I was good until you said that. I was like, all right, yeah. How is it? How is it better than investing? If investing is a Honda, how is it how is it better than investing if investing the Honda how is the expia Ferrari because I can create a residual stream of income that's massive in a short period of time with very little money now Now, I mean, you could do the same thing with investing and you could say like with investing,

0:48.7

the earning potential is way higher than I would say recruiting agents at EXP.

0:53.8

Well I would propose that there is a small,

0:55.8

only 12% of all agents participate in Redshire.

0:59.2

Okay.

1:00.2

Because they're focused on, most money,

1:00.9

most people need money to pay bills yeah so they're focus on doing

1:03.6

deals most flippers need flips to pay bills yep that's the truth a hundred percent yeah

1:07.9

so what I'm aware of is because of that they don't see that this compounds and it's highly leveraged.

1:17.4

So, okay, the thing that helped me to really get clear on this, that it was a very valuable use of my time,

1:25.9

was there were two mental maps.

1:27.6

One is I didn't really understand leverage.

1:30.0

I thought I did, but I didn't.

1:32.1

And I read a book called The Almanac of Naval Ravakandt,

1:35.2

and he talks about leverage.

...

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