The Secret to Thriving in a Slow Economy: Millionaires Discuss How to Survive in a Recession
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 13 September 2024
⏱️ 114 minutes
🧾️ Download transcript
Summary
In this episode of The Wealthy Way podcast, I sit down with Neel Dhingra, a mortgage lender who’s taken his business to new heights by leveraging the power of social media. We dive into his journey, from making the big move to Vegas to how he’s adapted to the changes in the mortgage industry over the years. Neel also shares some crucial insights on avoiding lifestyle creep as you start earning more and how he prepares for tough times in business.
We go deep on consistent marketing strategies and the importance of building a strong personal brand. Neel opens up about some of the challenges he’s faced year after year in business, the regrets he’s had along the way, and why so many people struggle when starting out. One of the big takeaways from this conversation is the power of clarity in attracting the right customers and balancing multiple businesses without losing focus.
What’s also inspiring is Neel’s recent journey with faith. As a new believer, Neel has just started attending the same church as me, and we discuss how this fresh perspective has been shaping his approach to both life and business. He shares how faith has been grounding him, helping him stay focused on what really matters, and guiding him through tough decisions.
If you're looking for advice on leveling up your network, starting a business without formal education, or how faith can guide you through difficult choices, this episode is packed with real, actionable insights. We also talk about why nobody owes you anything and how simply getting started is the key to success. This is a must-listen for anyone looking to improve not just their business but their life as a whole.
Connect with Neel!
YouTube: @NeelDhingra
IG: https://www.instagram.com/neelhome/?hl=en
Website: https://neel.allwestern.com/
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/
Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.com
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/
Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda’s private golf mastermind for high-level founders and dealmakers. www.mastermind19.com
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | Like even though they've seen this story many times where things are up and down in this industry, |
| 0:04.4 | they ride the good times and then as soon as it got bad they were like, dude, they weren't prepared. |
| 0:07.6 | I think my biggest lesson from all this is that I'm going to be very mindful of how I spend going into that season because when you get to a point where you make more |
| 0:16.2 | money than you've ever made it's very easy to think that money will always be |
| 0:19.5 | that easy to make problem about that too bro is that things are good, why is it that people like you, myself, |
| 0:26.1 | others who are at the top of the industry? |
| 0:27.6 | Why is it that we get these windfalls versus somebody else does okay but doesn't like fully |
| 0:32.3 | capture the opportunity. |
| 0:33.7 | The creation of building wealth and a lot of other things that I align with. |
| 0:40.1 | I got Neil Dingra. |
| 0:41.1 | What's up man? |
| 0:42.1 | Thanks for how many man. Yeah so I think it's been I don't even know a couple of years since your first time on the show is back. It was the Ryan Panetta show back then. Yeah, and almost three years now. Yeah, three years now you move to Vegas. Yep. You're going to church now. |
| 0:55.5 | Dude, you got like your life's completely different from three years ago. |
| 0:58.5 | Yeah, that's a that's a great point to to start with is like I was in Reno for my whole life and kind of felt like out of |
| 1:06.2 | place like there's not much going on here it's a great town to like raise kids in and |
| 1:09.4 | have a family but there wasn't much going on. I was always having to travel. |
| 1:13.7 | And as my business started taking off |
| 1:15.5 | and as I started to get more opportunities |
| 1:17.2 | to speak and to do more networking, |
| 1:20.3 | I was just on the road so much. |
| 1:21.5 | And then we're like, well, we need to move to a bigger city and like my wife's from Vegas originally and we were always down here to visit her family |
| 1:27.7 | We're like well why don't we just get a second home in Vegas? So we bought a second home in Vegas in 2022 and then we're like, why don't we just live here? |
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