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b'In this episode, Chad Zdenek shares his entrepreneurial journey from a busy professional engineer in Los Angeles to financial independence through real estate investing. He discusses the different types of busy professional real estate investors and the path they choose. Chad shares his experiences, including his MBA in entrepreneurship studies from UCLA and whether it helped him in his real estate business. He also delves into his decision-making process and key lessons learned as a business owner and real estate investor.\\xa0\\n\\xa0\\xa0\\xa0\\n[00:01 \\u2013 05:40] Opening Segment\\xa0\\xa0\\nChad shares about his background in civil engineering, general contracting, and entrepreneurship through his MBA studies.\\xa0\\nHelping grow his brother\'s lighting business from a small start-up to a company with 75 employees and three locations.\\xa0\\nStarted real estate investing with personal funds, moved to syndicating, now partners on out-of-state multi-family investments\\xa0\\n\\xa0\\n[05:41 \\u2013 17:20] Building Trust in Real Estate Investments\\xa0\\nReplace the comfort of knowing the neighborhood with trust in the partnership\\xa0\\nWhen building trust, consider factors like the experience level of the partnership team and the asset class they invest in\\xa0\\nTrust in real estate is based on its physicality, historical data and stability\\xa0\\nAchieving financial independence in real estate requires trust building and the right mindset\\xa0\\n\\xa0\\n[17:21 \\u2013 23:30] The Benefits and Limitations of an MBA in Entrepreneurship\\xa0\\nMBA programs provide knowledge of the "nuts and bolts" of business but formal education is not necessary for success\\xa0\\nReal-life experience and hustle are more important than formal education\\xa0\\nFormal education guarantees a minimum pay but success depends on personal effort and hard work\\xa0\\nSuccessful entrepreneurship may be a combination of both taught skills and innate qualities\\xa0\\n[23:31 \\u2013 27:43] Understanding Risk Tolerance in Entrepreneurship\\xa0\\xa0\\nEntrepreneurship is not necessarily about being highly risk-tolerant, but about mitigating risk\\xa0\\nEntrepreneurs evaluate the risks and attach probabilities to them to make educated decisions\\xa0\\nEntrepreneurs might reduce risk tolerance as they become successful and have more to lose\\xa0\\nBeing an entrepreneur allows for more control over income and decision-making compared to relying on others for payment\\xa0\\n\\xa0\\n[27:44 \\u2013 34:03] Closing Segment\\xa0\\xa0\\xa0\\nQuick break for our sponsors\\xa0\\xa0\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com \\xa0\\xa0\\xa0\\nWhat is the best investment you\'ve ever made other than your education?\\xa0\\xa0\\xa0\\nThe first syndication he had done\\xa0\\nChad Zdenek\\u2019s worst investments?\\xa0\\xa0\\xa0\\nBeing sole investors in a startup and losing everything at an ETF stock market\\xa0\\xa0\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\xa0\\xa0\\xa0\\nWhen growing a business you can only do so much yourself \\xa0\\xa0\\xa0\\nConnect with Chad Zdenek:\\xa0\\xa0\\xa0\\nWebsite:https://csqproperties.com\\xa0\\nSocial Media: Facebook, Instagram, Youtube\\xa0\\n\\xa0\\xa0\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\xa0\\xa0\\xa0\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\xa0\\xa0\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\xa0\\xa0\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\xa0\\xa0\\n\\xa0\\xa0\\nTweetable Quotes:\\xa0\\xa0\\xa0\\n\\u201cIt\'s better, in my opinion, to bet on yourself and just keep doing what you do.\\u201d - Chad Zdenek'