161: Reflections with Jacob Ayers

Published: Nov. 20, 2018, 5:20 a.m.

b'With Thanksgiving approaching this week, it\'s a great time to reflect and think about what you are thankful for. Gratitude and being thankful are important qualities in one\'s life. I say qualities, but for me I try to make them more of a habit by writing down one simple thing or person I\'m thankful for everyday. Doing this, puts everything in perspective in the present. In that moment of gratitude, you\'re not looking towards the future. You\'re not focusing on your goals. You are simply looking around you and noticing all the great things in your life. This practice will help ground you and show you that you have so much to be thankful for right now, from material things to people and relationships.
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\\nSpeaking of people and relationships, another thing that\'s been on my mind recently is how much you can learn from others. Every single person you meet in this life knows something you don\'t. Keep that in mind as you meet new people, catch up with old friends, or the next time you see that friend, spouse, family member, or coworker. Everyone knows something you don\'t. You can learn something new just by talking with people. That\'s really the entire premise of this podcast. From ultra-successful and experienced real estate investors like Brian Burke, Vinney Chopra, Keith Wienhold, Joe Fairless, Ivan Barrat, Andrew Campbell, Reed Goossens,and Rod Kleif (just to name a few), to up and coming young-guns like Christian Montalvo, Lane Kawaoka, Brent Kawakami, and David Pere, each and every one of these people have something they can share and teach almost anyone. It\'s been a pleasure and great experience getting to bring these people on the podcast, and share their journeys, experiences, and stories with you. I\'m sure you\'ve taken away a lot of awesome stuff from each one of these people, as I know I have. But beyond these awesome go-getters, there is something to be learned from everyone. If you simply tried to take away one little nugget of information from every person you speak to,then imagine the wealth of knowledge you\'ll accumulate over the long term.
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\\nHere are just a few takeaways and reflections of just a few of the many great guests we\'ve had on the podcast.
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\\nSmile, be happy, and treat others well. This is the mantra of Vinney "Mr. Smiles" Chopra. Vinney has a true rags to riches story, coming to the U.S. from India as a young man with only $7 in his pocket. He started out selling bibles door to door. Vinney became an engineer, then transitioned into multifamily syndication where he has experienced enormous success, completing over 26 successful syndications over the recent years. Vinney credits much of his success to the people he surrounds himself with. If you\'ve heard either of Vinney\'s episodes on the podcast, you know that he is a very pleasant and positive person.
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\\nThe scarcity mentality is abundant, and the abundance mentality is scarce. Keith Weinhold, host of\\xa0 Get Rich Education, practices and preaches the abundance mentality. Keith values his return on time invested, just as much as his return on money. He shows you how you too can achieve financial freedom through real estate investing while building a lifestyle by design.
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\\nBuild it and they will come. This has been Joe Fairless\' strategy for building his $400,0000,000 real estate empire in his 30\'s. Joe has built a brand, which he famously calls The Best Ever, consisting of the longest running daily real estate podcast, a blog, videos, books, events, and masterminds. Joe is a proponent for finding a mentor and learning from them. He has taught and mentored hundreds of real estate investors to do what he does - buy apartments. Joe condenses his experiences into three principals, which he calls his 3 Immutable Laws of Real Estate:
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\\nBuy for cash flow, not appreciation
\\nSecure long term debt
\\nHave adequate cash reserves
\\nBuilding a crash-proof portfolio.'