What Is THE Most Powerful Wealth Creating 'Secret'

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 6 March 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com Today’s podcast is about the power of what many consider to be the greatest wealth building secret: Compound Interest. Compound Interest will make you wealthy more quickly, taking care of your future so that you can look back and say, ‘Thank you, past (your name), for making good decisions and wise investments so I can live the life of my dreams!’ Warren Buffett has famously emphasized the power of compounding interest, he said: "The most powerful force in the universe is compound interest." "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it." - Albert Einstein HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! http://harrisrealestatedaily.com/ Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/ Compound interest refers to the interest earned on both the initial principal and the accumulated interest from previous periods. How does this work long term? - Compound interest has a profound impact on long-term investments. - Even small contributions can snowball into significant sums over extended periods. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, alltheleads.com/harris How does frequency affect your investment? - The more frequently interest is compounded, the faster the investment grows. - Compounding quarterly or monthly yields higher returns compared to annual compounding. It’s never too late to start, but earlier is better. - Time is a crucial factor in harnessing the power of compound interest. - Starting investments early allows for more time for compounding to work its magic, resulting in larger returns. Secret: This will be much easier when you've done your Real Estate Treasure Map! A great addition to your Success Schedule is to attend the Premier Coaching daily sessions, so you can get the support you need, have your real estate questions answered, and be amongst other motivated agents and coaches. Join FREE now: https://premiercoaching.com The real estate training session focuses on daily schedules and success strategies, emphasizing proactive lead generation, and targeting expired listings and FSBO properties. Mindset, pre-qualified appointments, and scripts for approaching sellers are discussed. The benefits of joining EXP Realty, effective time management, and contact strategies are also covered. Key elements include action, problem-solving, and consistent effort for success. Topics include lead generation, objection handling, client relationships, door-knocking, personal interaction, team roles, and housing market positives. Exercise and networking are encouraged. Overall, practical tips aim to help real estate professionals succeed. #realestatecoaching #realestate #exprealty

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Julie, I had a coaching call with someone who is considering hiring us, you know, as it was a lady, her elite coach.
0:40.6	In other words, she's basically, and this gal was very, very successful for a very long period
0:44.8	of time.
0:45.2	She's been in the industry almost as long as we have.
0:47.3	She makes millions of dollars per year.
0:49.1	And I didn't ask her.
0:50.7	I won't use her name because I don't want to out her from the story I'm about to share
0:54.8	with you guys. But it's all about money. So this is going to be the topic which is going to make
0:59.7	some of you uncomfortable. But let me give you the headline numbers first. All right. So she earns
1:04.2	her and her husband every year. Now they live in a very expensive state. They live in,
1:09.1	they work in Manhattan. Well, he works in Manhattan.
1:12.6	She sells real estate. They live in New Jersey. All right, I'll just leave it at that.
1:16.4	So they live in a state where there's very expensive state taxes and then they have federal
1:19.9	taxes. All right, but here's the headline number. They earn around $4 million per year in personal
1:25.0	income. That's not GCI. That's the number of homes sold.
1:29.1	They actually take in $4 million per year. And she was asking me, and her frustration level was,
1:35.9	and she's been in the business for almost as long as we are, and she's a little bit, she's in her
1:40.3	late 40s, and she was frustrated that her net worth wasn't where she thought it would be.
	...

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