The Repeatable, 3-Step Blueprint That Leads to Financial Freedom
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- Опубліковано 8 чер 2024
- Episode #829
Pre-order “Pillars of Wealth” today: get.biggerpockets.com/5fbfac0...
If you take these three steps, you’ll reach financial freedom. There are no gimmicks, courses to buy, or get-rich-quick schemes. This three-step, repeatable blueprint to building wealth has been time-tested by some of the world’s most successful real estate investors. It’s not complex, but it will take work, sacrifice, and time to get where you want to be. So, what awaits you if you follow through? Financial freedom, multimillionaire wealth, autonomy, and the ability to do whatever you want, whenever you want. The weak won’t make it on this path, but YOU will.
Today, we hear directly from David Greene on what made him millions, mistakes he made that you should avoid, and what his new book, "Pillars of Wealth," can teach you that most Americans will go their whole lives without knowing. This is a blueprint for wealth-building that only the most financially savvy know about, and you’ll get to hear about all of it on today’s episode.
So, if you’re tired of feeling stuck, not knowing how to make or keep more money every month, and need guidance on the next financial move to make, pre-order "Pillars of Wealth" today and start your journey to financial freedom: get.biggerpockets.com/5fbfac0...
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Show notes at: www.biggerpockets.com/blog/re...
00:00 Intro
01:27 Quick Tip
01:56 The Origin of Super-Saver Dave
06:11 The 3 "Pillars" of Wealth
10:39 Tracking Your Progress
12:03 1. Defense and Saving
20:25 2. Offense and Earning
29:23 3. Investing and Growing Wealth
39:06 Start Tracking This NOW
42:57 Wealth-Building Habits
44:52 The Mistake You're Making
51:05 Grab Your Copy of "Pillars"
What's the ONE thing you did that helped you build wealth? Let us know!
I read rich dad poor dad and think and grow rich
my mindset totally shifted when I read Rich Dad Poor Dad just 3 months ago - still have to read Think and Grow Rich - incredible!@@Real_Estate_Vincent
Know your goals and work backwards, and copy someone else's success.
Mindset
I automated paying myself first! (The Automatic Millionaire)
Best. Episode. Ever.
This should be the episode people are required to watch before even starting the game. Thank you David & Rob!
David, I did something similar when I worked as a nurse. I took a call shift at the beginning of the week (12 hour shift). Then after 40 hours, I was in overtime. Call shifts were 1 1/2 time. I only had a few hours of regular pay. I was able to invest in real estate within 6 years, I was a multimillionaire.
Come for the analogies, stay for the analogies. Thanks for the coaching, David Greene! What you say always makes so much sense to me.
I am so excited about your new book David. It's so simple and so true.
Hi David and Rob! I love your content as it always brings value to me! I am looking forward to your new book we closed on our first duplex and was fully rented(both sides) within a month of closing. Spokane, WA
We drove truck long haul and spend our time listening to books and bigger pockets podcasts. We would really really like an audio version to listen to while driving. Please please please! 0:08
Thanks for the episode it’s definitely one that people could watch over and over to change their paradigm .
Wow. THANK you, David!
Thank you David for always keeping it 💯 and telling us what we don’t hear everyday in a world where social media says working hard is stupid.
David and Rob fantastic Education lesson greatly appreciate you two
Thanks David and Rob. This is excellent information to take action on
This was a powerful episode. David pulled the curtain back and showed why he's lifting 500 lbs in real estate.
Love this episode!
Informative episode and enlightening.
Just purchased the book and am looking forward to this.
I love how Rob wanted to do the intro
I can totally relate to the importance of tracking expenses and having a clear plan for your finances. Thanks for sharing your insights!
Great content! Thank you for sharing 💰🧠
Fantastic content. David has been doing great work to help others and give out vital information. Curious, do any of the episodes he is interviewed on actually break down his portfolio? How many of each type, portfolio values , what he plans to buy in the future ?
How can we get a copy of the spreadsheet your using to track properties?
Will your book be available on audible?
You cannot go to the gym and exercise away your bad diet. Same principle really.
I’d love to see David’s personal financial statement and calendar. So where he makes his money and how he spends his time.
I agree with a lot of what you said, but at the same time, it’s important not to get lost too much into the weeds in the beginning (otherwise you may get stuck with putting too much emphasis on administrative matters).
Better to go out taking action even if it means taking action at the expense of tracking.
Maximize your opportunities.
When are you having another David Greene team meetup in the Bay Area 😁
First comment? See what happens when you are late for your 9 to 5 job, kids? Love me some BP.
😂
This is very possible
Can you send me that real estate spreadsheet PLEASE xoxoxoxo
Overemployment > 80+ hours a week. Couldn't do this before the huge movement to remote work.
awesome show: also has rob considered lasik surgery, it corrects vision and gives you 20/20 vision for life removing the need for glasses or contacts
I’m getting really frustrated. I keep seeing videos and articles were ppl are saying there’s loans out there that you don’t need a large down payment or can do now money down and I’m just not seeing that to be true. Applying for a dscr loan I can put 20% down on a $120k but these loans are a minimum of $170k to borrow and they want you to have 6 months bigger in your account with a 20% down and 9.8 apr. 😂😂😂 there’s always a catch. Am o just doing shit wrong or not knowing how to move through these loans right? How are ppl that aren’t cash rich or can’t live in their investment property suppose to break in.
No you are right. Things are always projected to be rosier than they are else you won’t even get started.
Is David basketball sport background playing in High School or he went D-III and play in college? 😂😂😂 Love David
Lol. Greene, every time you talk, the dissertation is pretty well focused on "I" and "me," meaning you... what you do, what you've done, and how you do it (or did it). If that's what your audience wants, then you're giving it to them. In actuality, what you're doing here is promoting your book. That's ok if you're promotion tactics are trustworthy and honest. But when a person truly wants to help and teach other people, my experience has been that they are not overly self-absorbed with their own attributes, whether real or imagined. And when they are, it's a red flag!
My concern here is for the less experienced people. You're making claims about "appreciation" (among other things) that may or may not be correct. There are many factors that go into market appreciation; it's not a guarantee. I hope that the less experienced readers listen to what you say, and the way you say it, with absolute discernment. Then they can decide for themselves. If you aren't careful about the things you say to people on a broadcast like BP, you can potentially lead some people down a rough road before they recognize they took a wrong turn.
What's your primary focus here Greene? Is it to promote the industry and educate people, or is it to promote you? You frequently mention that you were a police officer. I'm sure you were an honest guy as a cop. I hope your were. But as a salesman, do you tell "the truth, the whole truth and nothing but the truth." Or are you like an attorney who turns the courtroom into a stage...where your platform is a stage, and you're the main character in your own play?
Good advice is worth listening to. But when the speaker (teacher) is overly self-absorbed with themselves, the student should listen with caution. Some people are like a street thug who goes to jail and then brags about his crimes and macho behavior. But when you check his rap sheet, you learn he's not quite the wolf he claims to be. With your LE background, you know exactly what I'm talking about Mr. Greene. Best of luck to you and your audience. Shoot straight with them.
Let me sum this up for someone who doesn't want to waste their time. They advise you to work 80 plus hours a week and save every single dime. Never spend money on anything because eventually you will have enough to invest in something better. The days of savings are done. It is functionally impossible to out save inflation and appreciation.
Losing mind set right here folks
Its possible to save something if you have some type of income. Its a choice. Every penny adds up.
Partially agree, I think a faster track to wealth is Overemployment work FORTY hours and make double or more of your income.
You got all emotional about it. It's a positive way to approach life, finding what you're doing wrong and fixing it. Take notes, track, and keep re-evaluating your situations. Do this to understand where/how can you improve health, work, investing, being too emotional, etc. If you can't, find help. If this video doesn't open your mind then keep looking. Keep re-evaluating, find a way to progress, even incrementally, but keep trying. There are always solutions if you continually look and work hard enough. Understanding it's hard is only the first step. Step two is finding an approach that works for you. Giving up closes all doors to success.
Inflation is at 4% yoy, 3 month bond yields are at 5.5% and that’s “risk free”.