Why 72% of Investors Fail: Learn to Avoid Their Mistakes I Steve Davis DSH #518

Digital Social Hour

Sean Kelly

Self-improvement, Education

5.0 • 1.1K Ratings

🗓️ 26 June 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 Why 72% of Investors Fail: Learn to Avoid Their Mistakes 💡 Welcome to the Digital Social Hour with Sean Kelly! 🎙️ In this MUST-WATCH episode, we dive deep into the world of real estate investing with industry expert Steve Davis. Ever wondered why a staggering 72% of investors fail? 🤔 Tune in now to uncover the shocking truths and learn how to dodge the pitfalls that trip up so many! Steve shares jaw-dropping insights on the "bear bunny rabbit" strategy 🐻🐰, the importance of rigorous tenant screening, and why treating real estate like rocket science can save your investments! 🚀 Plus, we discuss why the average retirement plan is flawed and how building a second stream of income can secure your financial future. 💼💰 Don't miss out on this episode packed with valuable insights! Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Join the conversation and learn from the best—because when it comes to investing, knowledge is power! 🔥💡 #InvestmentAdvice #72InvestorsFail #LongTermInvesting #RealEstateInvesting #WealthManagement CHAPTERS: 00:00 - Intro 00:40 - How to Properly Invest in Real Estate 03:56 - Why 95% of Americans Fail to Retire by Age 65 08:02 - How Much Did You Learn in School 10:21 - What Do You Think of IRAs and 401(k)s 14:52 - Dave Ramsey Financial Advice 17:58 - Importance of Diversification 18:45 - Lessons from the 2008 Crash 21:20 - Discover Card Write-Offs Explained 22:10 - Laziness, Arrogance, and Greed in Finance 24:01 - 8 Parts of a Balanced Life 28:00 - Importance of a "Why" 30:10 - What's Next for Steve Davis APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com GUEST: Steve Davis https://www.instagram.com/totalwealthacademy/ SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Rip their frickin heads off before they move in.
0:02.0	It's a bear bunny rabbit strategy.
0:05.0	See, but again, intuitively, everybody thinks they're supposed to be nice to the tenant before they move in,
0:10.0	when in reality, you need to be a bear. It's not rocket science but people
0:15.2	need to treat it like rocket science if they're going to get into it. 72% of
0:20.4	our competition doesn't know what they're doing.
0:23.2	Mm.
0:23.8	Wherever you guys are watching this show,
0:27.8	I would truly appreciate it if you follow or subscribe.
0:30.7	It helps a lot with the algorithm.
0:32.2	It helps us get bigger and better
0:33.5	guests and it helps us grow the team. Truly means a lot. Thank you guys for
0:37.2	supporting and here's the episode. All right guys from Houston Texas we got Steve Davis. We're going to talk
0:43.7	real estate. We're going to talk investing and proper ways to invest these days because
0:47.2	there's a lot of information out there. A tremendous amount and sadly the
0:51.5	majority of it is ineffective.
0:54.0	So which methods are you referencing in terms of ineffectiveness?
0:57.4	Well, it really comes down to people trying to do it on their own.
1:02.0	And what they're doing is they're using logic and it
1:07.6	real estate investing is not intuitive at all. One of the big ones is when you're leasing, if you're in single family, when you're leasing, people
1:18.8	think, oh, you should be nice, you should be kind, sacrin, and just show them you're going to be a good link.
1:24.8	No, rip their fricking heads off before they move in.
	...

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