Podcasts about am i being too subtle

In this solo episode, Casey kicks off 2025 by sharing his renewed focus on foundational habits and the inspiration they bring to living an excellent life. Reflecting on personal routines, he highlights two practices: revisiting his long-standing commitment to a book-a-week (or month) challenge and embracing Jocko Willink's 10-minute burpee routine as a mental and physical game-changer.Casey dives into Am I Being Too Subtle? by legendary entrepreneur Sam Zell, unpacking Zell's unique journey and the five principles that defined his success: thinking contrarian, managing risk, valuing relationships, keeping things simple, and staying curious. Through Zell's incredible stories—like building a real estate empire, crafting billion-dollar deals, and forging lifelong partnerships—Casey explores timeless lessons that resonate in both business and life.This episode offers practical insights for starting the year with intention, learning from extraordinary lives, and adopting habits that drive success, fulfillment, and joy in 2025. Hosted on Acast. See acast.com/privacy for more information.

On today's episode, Clay reviews the wonderful book — Am I Being Too Subtle by Sam Zell.  Sam Zell has an impressive background, having started his career in real estate in the late 1960s.  He was the founder and chairman of Equity Group Investments, a leading private investment firm. Over the course of his career, Sam made many bold moves and investments, earning him a reputation as a savvy and fearless investor. One of Sam's most notable achievements was his role in creating the modern-day real estate investment trust (REIT) industry. He did this by founding Equity Office Properties Trust in 1997, which became the largest office REIT in the United States. In 2007, he sold the company for a record-breaking $39 billion. Just prior to passing away on May 18th, 2023, Sam had his final recorded interview with The Investor's Podcast Network. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 07:38 - The story of Sam's family escaping Poland in 1939 to head to the United States. 12:08 - Sam's early entrepreneurial and real estate ventures. 28:15 - How Sam got the nickname as ‘The Grave Dancer' within the real estate industry. 32:46 - Sam's investment criteria when buying real estate. 33:36 - How Sam capitalized on finding bargains outside the real estate industry. 50:56 - An overview of Zell's record-breaking deal in 2007. 59:12 - Sam's critical insights into building a great culture. 01:06:54 - Sam's key business principles that helped him become a billionaire. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Sam's book. Related Episode: Listen to TIP552: Mastering The Art of Investing: A Deep Dive w/ Sam Zell, or watch the video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River 7-Eleven Toyota Daloopa Bluehost TastyTrade Miro Public American Express The Bitcoin Way ReMarkable Fundrise Facet Onramp SimpleMining Vanta Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

What I learned from rereading Random Reminiscences of Men and Events by John D. Rockefeller. ----Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ----Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ----Join my free email newsletter to get my top 10 highlights from every book----Follow Founders Podcast on YouTube (Video coming soon!) ----Notes and highlights from the episode: It has not been my custom to press my affairs forward into public gaze. (Bad boys move in silence)My favorite biography on Rockefeller John D: The Founding Father of the Rockefellers by David Freeman Hawke. (Founders #254)Secrecy covered all of his operations.Taking for granted the growth of his empire, he hired talented people as found, not as needed. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248) We had been frank and aboveboard with each other. Without this, business associates cannot get the best out of their work.Rockefeller said Jay Gould was the best businessman he knew. Jay Gould books and episodes: American Rascal: How Jay Gould Built Wall Street's Biggest Fortune by Greg Steinmetz (Founders #285) and Dark Genius of Wall Street: The Misunderstood Life of Jay Gould, King of the Robber Barons by Edward J. Renehan Jr. (Founders #258) "If I have to choose between agreement and conflict, I'll take conflict every time. It always yields a better result." — Jeff BezosIt's a pity to get a man into a place in an argument where he is defending a position instead of considering the evidence. His calm judgment is apt to leave him, and his mind is for the time being closed, and only obstinacy remainsI like doing deals with the same people. You get to know each other and build a mutual sense of trust. Today, a lot of what I do originates from associations that go back ten, twenty, thirty, even forty years. — Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell.Writing a check separates conviction from conversation. — Warren BuffettWe had with us a group of courageous men who recognized the great principle that a business cannot be a great success that does not fully and efficiently accept and take advantage of its opportunities. (Do everything and you will win)Such was Rockefeller's ingenuity, his ceaseless search for even minor improvements. Despite the unceasing vicissitudes of the oil industry, prone to cataclysmic booms and busts, he would never experience a single year of loss. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248)Last Train to Paradise: Henry Flagler and the Spectacular Rise and Fall of the Railroad that Crossed an Ocean by Les Standiford. #247 Henry Flagler (Rockefeller's Partner)Rockefeller on the impact Henry Flagler had on the beginning of Standard Oil: He always believed that if we went into the oil business at all, we should do the work as well as we knew how; that we should have the very best facilities; that everything should be solid and substantial; and that nothing should be left undone to produce the finest results. And he followed his convictions of building as though the trade was going to last, and his courage in acting up to his beliefs laid strong foundations for later years. (Build a first class business in a first class way)Young people should realize how, above all other possessions, is the value of a friend in every department of life without any exception whatsoever.When you recruit A players you don't tell them here's 5 things I want you to focus on. Here's your top 10 priorities. NO. You've got one priority. Destroy that priority. Do it more than anybody else possibly will. (Henry Flagler's main priority was controlling the cost of transportation.)Larry Ellison: You don't want turnover on your core product team. Knowledge compounds. Don't interrupt the compounding. — Softwar: An Intimate Portrait of Larry Ellison and Oracle by Matthew Symonds. (Founders #124) We were accustomed to prepare for financial emergencies long before we needed the funds. (Keep a fortress of cash)It is impossible to comprehend Rockefeller's breathtaking ascent without realizing that he always moved into battle backed by abundant cash. Whether riding out downturns or coasting on booms, he kept plentiful reserves and won many bidding contests simply because his war chest was deeper. — Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248)I learned to have great respect for figures and facts, no matter how small they were.This casual way of conducting affairs did not appeal to me.As our successes began to come, I seldom put my head upon the pillow at night without speaking a few words to myself: "Now a little success, soon you'll fall down, soon you'll be overthrown. Because you've got a start, you think you're quite a merchant; look out, or you will lose your head—go steady." These intimate conversations with myself had a great influence on my life. I was afraid I couldn't stand my prosperity, and tried to teach myself not to get puffed up with any foolish notions. (If you go to sleep on a win you'll wake up with a loss)I hope they were properly humiliated to see how far we had gone beyond their expectations. (Chips on shoulders put chips in pockets) 98 percent of our attention was devoted to the task at hand. We are believers in Carlyle's Prescription, that the job a man is to do is the job at hand and not see what lies dimly in the distance. — Charlie Munger in Buffett: The Making of an American Capitalist by Roger Lowenstein. (Founders #182) Rockefeller on Standard Oil stock: Sell everything you've got, even the shirt on your back, but hold on to the stock.All business proceeds on belief: Trying to run a company without a set of beliefs is like trying to steer a ship without a rudder. — Four Seasons: The Story of a Business Philosophy by Isadore Sharp (Founders #184)  Rockefeller on his “unintelligent competition”: We had the type of man who really never knew all the facts about his own affairs. Many kept their books in such a way that they did not actually know when they were making money or when they were losing money.A few weeks later, the newspapers announce his new partnership—revealing who had backed his bid—and the news that Rockefeller is, at twenty-five, an owner of one of the largest refineries in the world. On that day his partners “woke up and saw for the first time that my mind had not been idle while they were talking so big and loud,” he would say later. They were shocked. They'd seen their empire dismantled and taken from them by the young man they had dismissed. Rockefeller had wanted it more.  — Conspiracy by Ryan Holiday At best it was a speculative trade, and I wonder that we managed to pull through so often; but we were gradually learning how to conduct a most difficult business.A blueprint for success in any endeavor: Low prices to the customer. Root out any inefficiency. Pay for talent. Control expenses. Invest in technology.We devoted ourselves exclusively to the oil business and its products. The company never went into outside ventures, but kept to the enormous task of perfecting its own organizationThe fastest way to move a dial is narrow the focus. People naturally resist focus because they can't decide what is important. Therein lies a problem: people can typically tell you after some deliberation what their top three priorities are, but they struggle to decide on just one. What is too much and what is too little focus? Do you ever even discuss this? Most teams are not focused enough. I rarely encountered a team that employed too narrow an aperture. It goes against our human grain. People like to boil oceans. Just knowing that can be to your advantage. When you narrow focus, you are increasing the resourcing on the remaining priority. —  Amp It Up by Frank Slootman Two people can run the same business and have vastly different results: Perhaps it is worth while to emphasize again the fact that it is not merely capital and "plants" and the strictly material things which make up a business, but the character of the men behind these things, their personalities, and their abilities; these are the essentials to be reckoned with. When it comes to competition, being one of the best is not good enough. Do you really want to plan for a future in which you might have to fight with somebody who is just as good as you are? I wouldn't. — Jeff Bezos in Invent and Wander: The Collected Writings of Jeff BezosDon't even think of temporary or sharp advantages. Don't waste your effort on a thing which ends in a petty triumph unless you are satisfied with a life of petty success.Study diligently your capital requirements, and fortify yourself fully to cover possible set-backs, because you can absolutely count on meeting setbacks.Do not to lose your head over a little success, or grow impatient or discouraged by a little failure.Know your numbers. You need to know your business down to the ground.Money comes naturally as a result of service (Henry Ford)Don't do anything that someone else can do (Edwin Land)The man will be most successful who confers the greatest service on the world.Commercial enterprises that are needed by the public will pay. Commercial enterprises that are not needed fail, and ought to fail.Dedicate your life to building something that contributes to the progress and happiness of mankind.----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading The House of Arnault by Brad Stone and Angelina Rascouet. ----Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ----Build relationships with other founders, investors, and executives at a Founders Event----(3:00) While other politicians were content to get their information from a scattering of newspapers, he devoured whole shelves.  — Young Titan: The Making of Winston Churchill by Michael Shelden. (Founders #320)(7:00) Arnault had understood before anyone else that it was a true industry. — The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai. (Founders #296)(9:00) Arnault is an iron fist in an iron glove. — The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai.The public conception of Sam as a good ol' country boy wearing a soft velvet glove misses the fact that there's an iron fist within. —  Sam Walton: The Inside Story of America's Richest Man by Vance Trimble.(12:00) People often ask me, “When are you going to retire?” And I answer, “Retire from what?” I've never worked a day in my life. Everything I've done has been because I've loved doing it, because it was enthralling. — Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(16:00) “I am not interested in managing a clothing factory. What you need, and I would like to run, is a craftsman's workshop, in which we would recruit the very best people in the trade, to reestablish in Paris a salon for the greatest luxury and the highest standards of workmanship. It will cost a great deal of money and entail much risk.” — Christian Dior to Marcel Boussac(17:00) Arnault believed that luxury brands could be larger than anyone at the time imagined.(20:00) Arnault said this 35 years ago: “My ten-year objective is that LVMH's leading position in the world be further strengthened in the luxury goods sector. I believe that there will be fewer and fewer brand names capable of retaining a worldwide presence and that those of our group will be among them as we will provide them with the means for growth.”(25:00) There are huge advantages for the early birds. When you're an early bird, there's a model that I call surfing—when a surfer gets up and catches the wave and just stays there, he can go a long, long time. But if he gets off the wave, he becomes mired in shallows. But people get long runs when they're right on the edge of the wave, whether it's Microsoft or Intel or all kinds of people, including National Cash Register. Surfing is a very powerful model.”  —  the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329)(25:00) One thing I learned from having dinner with Charlie was the importance of getting into a great business and STAYING in it. There's a tendency in human nature to mess up a good thing because of an inability to sit still.(25:00) The incredible career of Les Schwab: Les Schwab Pride In Performance: Keep It Going! by Les Schwab. (Founders #330)(30:00) Dior in his autobiography: It is widely, and quite erroneously, believed that when the house of Christian Dior was launched, enormous sums were spent on publicity: on the contrary in our first modest budget not a single penny was allotted to it. I trusted to the quality of my dresses to get Christian Dior talked about. Moreover, the relative secrecy in which I chose to work aroused a positive whispering campaign, which was excellent (free) propaganda. Gossip, malicious rumours even, are worth more than the most expensive publicity campaign in the world.(31:00) Munger: “There are actually businesses that you will find a few times in a lifetime, where any manager could raise the return enormously just by raising prices-and yet they haven't done it. So they have huge untapped pricing power that they're not using. That is the ultimate no-brainer. Disney found that it could raise those prices a lot and the attendance stayed right up. So a lot of the great record of Eisner and Wells came from just raising prices at Disneyland and Disneyworld and through video cassette sales of classic animated movies. At Berkshire Hathaway, Warren and I raised the prices of See's candy a little faster than others might have. And, of course, we invested in Coca-Cola-which had some untapped pricing power.”— Charlie Munger: The Complete Investor by Tren Griffin(33:00) The benefits Arnault receives from owning commercial real estate: He makes money from his own stores, from leasing space to rivals—and from the appreciation of premium real estate. When LVMH buys a building, it takes the best storefronts for its own brands and often asks rivals to move out when their leases expire.(35:00) Arnault is all about details. He has 200,000 employees and he's paying attention to details about landscaping in the Miami Design District.(36:00) If we lose the detail, we lose everything. — Disney's Land: Walt Disney and the Invention of the Amusement Park That Changed the World by Richard Snow. (Founders #347)----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Hi there and welcome back to another edition of ScaleUp Radio, the podcast inspired by the Entrepreneurial ScaleUp System and designed to make navigating our ScaleUp journeys that little bit easier by learning from others' experiences. I'm Kevin Brent and today on the show I'm joined by  by Kam Dovedi, founder of Premier Property. Kam shares his journey in property investment, offering valuable insights on scaling a business. Key takeaways include: - Prioritising problem-solving for sustainable success. - Tailoring investment strategies to specific locations. - Breaking down big goals into daily tasks. - Understanding that capital is abundant with the right knowledge. - Taking calculated risks to protect your business. We also discuss Premier Property's competitive edge, effective team management, and lessons learned, including the importance of mentorship and proven systems. Kam shares his vision for global expansion and charitable projects. Make sure you don't miss any future episodes by subscribing to ScaleUp Radio wherever you like to listen to your podcasts. Stay tuned for an episode packed with actionable insights and inspiration! Scaling up your business isn't easy, and can be a little daunting. Let ScaleUp Radio make it a little easier for you. With guests who have been where you are now, and can offer their thoughts and advice on several aspects of business. ScaleUp Radio is the business podcast you've been waiting for. If you would like to be a guest on ScaleUp Radio, please click here: https://bizsmarts.co.uk/scaleupradio/kevin   You can get in touch with Kevin here: kevin@biz-smart.co.uk   Kevin's Latest Book Is Available! Drawing on BizSmart's own research and experiences of working with hundreds of owner-managers, Kevin Brent explores the key reasons why most organisations do not scale and how the challenges change as they reach different milestones on the ScaleUp Journey. He then details a practical step by step guide to successfully navigate between the milestones in the form of ESUS - a proven system for entrepreneurs to scale up. More on the Book HERE - https://www.esusgroup.co.uk/ Kam can be found here: linkedin.com/in/kamdovedi   Resources: Link for downloads mentioned by Kam Bit.ly/premier992 Am I Being Too Subtle? - https://www.waterstones.com/book/am-i-being-too-subtle/sam-zell/9781591848233 Asana - https://asana.com/

We discuss the 2017 memoir Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. Zell was the billionaire founder of Equity Residential, Equity International, and EQ Office. In addition he had controlling interests in several other large enterprises, perhaps most controversially Tribune Media. Am I Being Too Subtle? describes Zell's upbringing, career, business philosophy, and success transforming troubled assets into productive capital. Show Notes Am I Being Too Subtle? by Sam Zell via Amazon Follow us on Twitter @BusinessBooksCo and join our Amazon book club. Edited by Giacomo Guatteri Find out more at http://businessbooksandco.comRead transcript

In this week's episode, Patrick Donley (@JPatrickDonley) sits down with Chris Powers to talk about his journey from purchasing his first rental at 17 to becoming Chairman of Fort Capital and host of the entrepreneurial podcast, The Fort. They dive into the sacrifices Chris has had to make to get to where he is today, the struggles along the way, the role of mentorship and faith in his life, what he learned from Sam Zell on how to be a great investor, and so much more. Chris is a serial entrepreneur with more than 18 years of real estate development and investment experience. He founded Fort Capital and to date, the company has invested over $2B in Class B industrial, commercial, multifamily, student housing, and residential / land development projects throughout the state of Texas and the Sunbelt. Chris's ability to conceptualize, raise capital, and execute are only a small part of what Chris brings to the table as Fort Capital's Executive Chairman.  IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro. 02:23 - What sacrifices Chris Powers has had to make to be Chris Powers. 05:32 - The danger of pursuing status games. 05:56 - What impact Chris' father had on his life and career. 13:19 - How his life changed after his father decided to go back to medical school in his 30's. 44:01 - How mentorship has played a major role in his life. 49:45 - How the role of faith has impacted his life and career. 59:01 - How podcasting has opened up doors. 59:21 - What the next 10 years will look like. 61:55 - What an average day is like for Chris. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Am I Being Too Subtle by Sam Zell. Good to Great by Jim Collins. The Fort podcast with Chris Powers. REI184: Beauty in Broken Things w/ John Marsh | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: NetSuite Fundrise Masterclass HelloFresh Connect with Patrick: (@JPatrickDonley): Twitter Connect with Chris:  Website | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Founders ✓ Claim Key Takeaways  Life is hard for the man who thinks he can take a shortcut Once you become complacent, it is all over You might not be smarter than everyone else, but youcan know more about something than everyone else Get out of your office and help the customersAppeal to interest, not to reasonEmployees are inherently self-interested; ensure that the company's incentive structure aligns with this reality   Never take advantage of a customer or employee, but take every advantage you can over the competition “Whatever you do, you must do it with gusto. You must do it in volume – it is a case of repeat, repeat, repeat.” – Les Schwab Read the full notes @ podcastnotes.orgWhat I learned from rereading Les Schwab Pride In Performance: Keep It Going! by Les Schwab. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----(8:00) I didn't know how to ride a bike. We never had one. All the other young kids delivered newspapers on a bike. He's got no money. He doesn't have a bike. So he ran his routes for two months in order to get enough money to buy his first bike. He'd run nine or 10 miles a day. (8:00) I was too proud to complain.(10:00) For a poor boy, money was much more important than pride.(10:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(13:00) I was young. I was cocky. But the same cockiness helped me a lot in going through life.(15:00) The very first sentence describing his very first day in business is mind blowing: I had never fixed a flat tire in my life.(15:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble (Founders #150)(35:00) I always knew that if we fixed all the flat tires in town, we'd have all the tire business in town.(40:00) If we become complacent, then brother, it's all over with.(52:00) Grinding It Out: The Making of McDonald's by Ray Kroc (Founders #293)(56:00) If you're not serving the customer, or supporting the folks who do, we don't need you. —Sam Walton(1:00:00) The company paid low wages and had a lower overhead. The flaw was they didn't get —with the low pay— near the quality of employees we had.(1:01:00) Life is hard for the man who thinks he can take a shortcut.(1:06:00) Decision making should always be made at the lowest possible level.(1:08:00) Whatever you do, you must do it with gusto, you must do it in volume. It is a case of repeat, repeat, repeat.(1:08:00) Charlie Munger analyzes why Les Schwab was successful.(1:11:00) Extreme success is likely to be caused by some combination of the following factors:1 Extreme maximization or minimization of one or two variables. Think Costco.2 Adding success factors so that a bigger combination drives success, often in nonlinear fashion, as one is reminded by the concept of breakpoint and the concept of critical mass in physics. Often, results are not linear. You get a little bit more mass and you get a lollapalooza result. And, of course, I've been searching for lollapalooza results all my life, so I'm very interested in models that explain their occurrence.3 An extreme of good performance over many factors. Example, Toyota or Les Schwab.4 Catching and riding some sort of big wave. Example, Oracle.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Founders ✓ Claim Key Takeaways  Life is hard for the man who thinks he can take a shortcut Once you become complacent, it is all over You might not be smarter than everyone else, but youcan know more about something than everyone else Get out of your office and help the customersAppeal to interest, not to reasonEmployees are inherently self-interested; ensure that the company's incentive structure aligns with this reality   Never take advantage of a customer or employee, but take every advantage you can over the competition “Whatever you do, you must do it with gusto. You must do it in volume – it is a case of repeat, repeat, repeat.” – Les Schwab Read the full notes @ podcastnotes.orgWhat I learned from rereading Les Schwab Pride In Performance: Keep It Going! by Les Schwab. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----(8:00) I didn't know how to ride a bike. We never had one. All the other young kids delivered newspapers on a bike. He's got no money. He doesn't have a bike. So he ran his routes for two months in order to get enough money to buy his first bike. He'd run nine or 10 miles a day. (8:00) I was too proud to complain.(10:00) For a poor boy, money was much more important than pride.(10:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(13:00) I was young. I was cocky. But the same cockiness helped me a lot in going through life.(15:00) The very first sentence describing his very first day in business is mind blowing: I had never fixed a flat tire in my life.(15:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble (Founders #150)(35:00) I always knew that if we fixed all the flat tires in town, we'd have all the tire business in town.(40:00) If we become complacent, then brother, it's all over with.(52:00) Grinding It Out: The Making of McDonald's by Ray Kroc (Founders #293)(56:00) If you're not serving the customer, or supporting the folks who do, we don't need you. —Sam Walton(1:00:00) The company paid low wages and had a lower overhead. The flaw was they didn't get —with the low pay— near the quality of employees we had.(1:01:00) Life is hard for the man who thinks he can take a shortcut.(1:06:00) Decision making should always be made at the lowest possible level.(1:08:00) Whatever you do, you must do it with gusto, you must do it in volume. It is a case of repeat, repeat, repeat.(1:08:00) Charlie Munger analyzes why Les Schwab was successful.(1:11:00) Extreme success is likely to be caused by some combination of the following factors:1 Extreme maximization or minimization of one or two variables. Think Costco.2 Adding success factors so that a bigger combination drives success, often in nonlinear fashion, as one is reminded by the concept of breakpoint and the concept of critical mass in physics. Often, results are not linear. You get a little bit more mass and you get a lollapalooza result. And, of course, I've been searching for lollapalooza results all my life, so I'm very interested in models that explain their occurrence.3 An extreme of good performance over many factors. Example, Toyota or Les Schwab.4 Catching and riding some sort of big wave. Example, Oracle.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Founders ✓ Claim Key Takeaways  Life is hard for the man who thinks he can take a shortcut Once you become complacent, it is all over You might not be smarter than everyone else, but youcan know more about something than everyone else Get out of your office and help the customersAppeal to interest, not to reasonEmployees are inherently self-interested; ensure that the company's incentive structure aligns with this reality   Never take advantage of a customer or employee, but take every advantage you can over the competition “Whatever you do, you must do it with gusto. You must do it in volume – it is a case of repeat, repeat, repeat.” – Les Schwab Read the full notes @ podcastnotes.orgWhat I learned from rereading Les Schwab Pride In Performance: Keep It Going! by Les Schwab. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----(8:00) I didn't know how to ride a bike. We never had one. All the other young kids delivered newspapers on a bike. He's got no money. He doesn't have a bike. So he ran his routes for two months in order to get enough money to buy his first bike. He'd run nine or 10 miles a day. (8:00) I was too proud to complain.(10:00) For a poor boy, money was much more important than pride.(10:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(13:00) I was young. I was cocky. But the same cockiness helped me a lot in going through life.(15:00) The very first sentence describing his very first day in business is mind blowing: I had never fixed a flat tire in my life.(15:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble (Founders #150)(35:00) I always knew that if we fixed all the flat tires in town, we'd have all the tire business in town.(40:00) If we become complacent, then brother, it's all over with.(52:00) Grinding It Out: The Making of McDonald's by Ray Kroc (Founders #293)(56:00) If you're not serving the customer, or supporting the folks who do, we don't need you. —Sam Walton(1:00:00) The company paid low wages and had a lower overhead. The flaw was they didn't get —with the low pay— near the quality of employees we had.(1:01:00) Life is hard for the man who thinks he can take a shortcut.(1:06:00) Decision making should always be made at the lowest possible level.(1:08:00) Whatever you do, you must do it with gusto, you must do it in volume. It is a case of repeat, repeat, repeat.(1:08:00) Charlie Munger analyzes why Les Schwab was successful.(1:11:00) Extreme success is likely to be caused by some combination of the following factors:1 Extreme maximization or minimization of one or two variables. Think Costco.2 Adding success factors so that a bigger combination drives success, often in nonlinear fashion, as one is reminded by the concept of breakpoint and the concept of critical mass in physics. Often, results are not linear. You get a little bit more mass and you get a lollapalooza result. And, of course, I've been searching for lollapalooza results all my life, so I'm very interested in models that explain their occurrence.3 An extreme of good performance over many factors. Example, Toyota or Les Schwab.4 Catching and riding some sort of big wave. Example, Oracle.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from rereading Les Schwab Pride In Performance: Keep It Going! by Les Schwab. ----Get access to the World's Most Valuable Notebook for Founders at Founders Notes.com----(8:00) I didn't know how to ride a bike. We never had one. All the other young kids delivered newspapers on a bike. He's got no money. He doesn't have a bike. So he ran his routes for two months in order to get enough money to buy his first bike. He'd run nine or 10 miles a day. (8:00) I was too proud to complain.(10:00) For a poor boy, money was much more important than pride.(10:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(13:00) I was young. I was cocky. But the same cockiness helped me a lot in going through life.(15:00) The very first sentence describing his very first day in business is mind blowing: I had never fixed a flat tire in my life.(15:00) the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble (Founders #150)(35:00) I always knew that if we fixed all the flat tires in town, we'd have all the tire business in town.(40:00) If we become complacent, then brother, it's all over with.(52:00) Grinding It Out: The Making of McDonald's by Ray Kroc (Founders #293)(56:00) If you're not serving the customer, or supporting the folks who do, we don't need you. —Sam Walton(1:00:00) The company paid low wages and had a lower overhead. The flaw was they didn't get —with the low pay— near the quality of employees we had.(1:01:00) Life is hard for the man who thinks he can take a shortcut.(1:06:00) Decision making should always be made at the lowest possible level.(1:08:00) Whatever you do, you must do it with gusto, you must do it in volume. It is a case of repeat, repeat, repeat.(1:08:00) Charlie Munger analyzes why Les Schwab was successful.(1:11:00) Extreme success is likely to be caused by some combination of the following factors:1 Extreme maximization or minimization of one or two variables. Think Costco.2 Adding success factors so that a bigger combination drives success, often in nonlinear fashion, as one is reminded by the concept of breakpoint and the concept of critical mass in physics. Often, results are not linear. You get a little bit more mass and you get a lollapalooza result. And, of course, I've been searching for lollapalooza results all my life, so I'm very interested in models that explain their occurrence.3 An extreme of good performance over many factors. Example, Toyota or Les Schwab.4 Catching and riding some sort of big wave. Example, Oracle.----Get access to the World's Most Valuable Notebook for Founders at Founders Notes.com----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

On this week's episode, host Colbert Cannon sits down with Mark Rubenstein, Head of Strategic Investment Partners North America at HPS. We talk about Mark's early days at Citigroup's leveraged finance division and his transition to the bank's Special Situations Group. He then recounts the pivotal moments that led him to join HPS and the evolution of the firm during his tenure.Learn more about Mark Rubenstein and his role at HPS here. Check out his Best Idea, the book Am I Being Too Subtle? by Sam Zell  here. Learn more about Magog, Quebec, Colbert's Best Idea for this week, here.

Patrick Donley sits down with sports agent turned real estate investor, The Duke of Dirt. You'll learn what the Duke learned growing up with a Super Bowl-winning football father, how he took control of his own learning, his thoughts on getting an MBA, the dangers of following conventional wisdom, and what his current plan is as he moves away from the W-2 world into real estate entrepreneurship.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:35 - What The Duke learned growing up as the son of a highly successful football coach.04:54 - What he learned from Nick Saban and Chip Kelly.14:30 - What it was like working as a sports agent representing football coaches.15:36 - How he transitioned to real estate while getting his MBA.15:36 - His thoughts on higher education.20:38 - How he took control of his own learning and the sources he turned to.29:46 - The dangers of following conventional wisdom.30:03 - How to navigate going out on your own.32:01 - His current real estate strategy he's implementing.41:58 - His experience with Twitter and writing high-quality threads.51:42 - The commonalities of successful real estate investors.52:39 - How anyone can benefit from writing regularly.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESThe Obstacle is the Way by Ryan Holiday.Mose Kagan's blog.Am I Being Too Subtle by Sam Zell.What it Takes by Stephen Schwarzman.Risk Game by Francis Greenburger.Endurance by Alfred Lansing.Related Episode: Listen to REI180: The Intersection of Education and Real Estate w/ Kevin Clark, or watch the video.Related Episode: Listen to REI182: Escaping His 9 to 5 w/ Raleigh Williams, or watch the video.Related Episode: Listen to REI179: Resilience and Triumph w/ AJ Osbourne, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Your home might be worth more than you think. Earn extra money today with Airbnb. Protect and optimize your wealth with Money Pickle - whether you're seeking advice on retirement planning, optimizing your 401k, navigating inheritances, or any other financial matter.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with The Duke of Dirt: Website | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What I learned from having lunch with Sam Zell and reading Zeckendorf: The Autobiography of The man Who Played a Real-Life Game of Monopoly and Won the Largest Real Estate Empire in History by William Zeckendorf. This episode is brought to you by Meter: Meter is the easiest way for your business to get fast, secure, and reliable internet and WiFi in any commercial space. ----This episode is brought to you by Tiny: Tiny is the easiest way to sell your business. Tiny provides quick and straightforward exits for Founders.  ----[27:31] Start of episode on Zeckendorf's autobiography[27:44] 26 years of work was now moving down the chute.[28:36] The secret of any great project is to keep it moving, keep it from losing momentum.[34:55] If you want to understand the entrepreneur, study the juvenile delinquent. — Let My People Go Surfing: The Education of a Reluctant Businessman by Yvon Chouinard. (Founders #297)[36:21] Zeckendorf: Revisiting the legacy of a master builder[45:08] This ruthless industry has created far more bankruptcies than it has billionaires. — Risk Game: Self Portrait of an Entrepreneur by Francis Greenburger. (Founders #243)[48:49] If you want to know whether you are destined to be a success or a failure in life, you can easily find out. The test is simple and it is infallible: Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of success is not in you. — James J. Hill: Empire Builder of the Northwest by Michael P. Malone.[53:20] I brought energy and drive. I became the chief enthusiast.[1:08:42] I was also deeply in debt. Never, except for rare moments, have I ever had my head very far above the financial water and never have I Iet this trouble me.[1:10:51] The importance to me of being on the heights was that in an hour I could achieve what previously would've taken a year or more of effort to perform.[1:11:13] One way to succeed is by aiding and supporting the position of others through new or ingenious ideas or projects. This usefulness to others is in large part the reason for my own success.[1:14:44] Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)[1:15:04] The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)[1:21:28] The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy by David Nasaw [1:25:52] More businesses die from indigestion than starvation. — The HP Way: How Bill Hewlett and I Built Our Company by David Packard. (Founders #291)[1:29:23] Wisdom is prevention. –Charlie Munger + Be hard to kill. —Paul Graham (Founders #275)Subscribe to listen to Founders Premium — Subscribers can ask me questions directly and listen to Ask Me Anything (AMA) episodes.----Join my free email newsletter to get my top 10 highlights from every book----I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free here.  ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Podcast: Founders (LS 61 · TOP 0.1% what is this?)Episode: #295 I had dinner with Charlie MungerPub date: 2023-03-21What I learned from rereading The Tao of Charlie Munger.----Get access to the World's Most Valuable Notebook for Founders at Founders Notes----Follow Founders Podcast on YouTube ----Follow one of my favorite podcasts Invest Like The Best !(5:45) The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.(8:48) He has never forgotten the importance of having friends in high places.(9:04) Most people systematically undervalue their time. — Peter Thiel(11:08) Franklin & Washington: The Founding Partnership by Edward Larson. Founders #251)(12:23) Meet You in Hell: Andrew Carnegie, Henry Clay Frick, and the Bitter Partnership That Changed America by Les Standiford. (Founders #284)(15:02) Charlie took the excess capital out of Blue Chip Stamp and invested it in profitable businesses.(16:56) Charlie started seeing the advantages of investing in better businesses that didn't have big capital requirements and did have lots of free cash that could be reinvested in expanding operations or buying new businesses.(17:38) Go for great.(21:33) In everything I've done it really pays to go after the best people in the world. —Steve Jobs(27:15) If you're in a good business just know that it's human nature to mess it up. Don't mess it up. Just stay there and let time do its work.(27:34) One truly great business will make your unborn grandchildren wealthy.(28:08) All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. (Founders #286)(34:39) I did not succeed in life by intelligence. I succeeded because I have a long attention span.(34:54) Charlie Munger on how he made $400 or $500 million by reading Barron's for 50 years.(35:11) One of the reasons Charlie and Warren have never worried about anyone mimicking their investment style is because no other institution or individual has the discipline are the patience to wait as long as they can. (35:47) Wisdom is prevention.(36:50) Only play games where you have an edge. — A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp. (Founders #222)(38:31) Wise people step on big and growing troubles early.(44:51) I am continually amazed at the number of people who are presented with an opportunity and pass. There's your basic dividing line between the people who shoot up in their careers like a rocket ship, and those who don't — right there. — Marc Andreessen's Blog Archive (Founders #50)(46:28) The most inspiring biography I've read so far: Born of This Land: My Life Story by Chung Ju-yung. (Founders #117)(47:11) Invest Like The Best #204 Sam Hinkie Find Your People(42:42) Rober Caro's Books:The Power BrokerThe Path to Power: The Years of Lyndon Johnson IMeans of Ascent: The Years of Lyndon Johnson IIMaster of the Senate: The Years of Lyndon Johnson IIIThe Passage of Power: The Years of Lyndon Johnson IV(48:46) We just got after it and we stayed after it. — Sam Walton: Made In America by Sam Walton. (Founders #234)(52:39) Some brand names own a piece of consumer's minds and they do not have any direct competition.(55:30) We are individual opportunity driven.(57:08) Size and market domination can create their own kind of durable competitive advantage.(56:15) Jony Ive: The Genius Behind Apple's Greatest Products by Leander Kahney. (Founders #178)(1:01:57) Extreme specialization is the way to succeed. Most people are way better off specializing than trying to understand the world.(1:04:44) Wise people want to avoid other people who are just total rat poison and there are a lot of them.(1:05:35) Charlie and I have seen so much of the ordinary in business that we can truly appreciate a virtuoso performance.(1:09:00) Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)(1:10:15) Charlie looks at nearly everything through the lens of history. You aren't changing human nature. Things will just keep repeating forever.(1:13:13) There should be more willingness to take the blows of life as they fall. That's what manhood is, taking life as it falls. Not whining all the time and trying to fix it by whining.(1:14:40) Hard Drive: Bill Gates and the Making of the Microsoft Empire by James Wallace and Jim Erickson. (Founders #290)(1:17:00) Arnold Schwarzenegger autobiographies and episodes:Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger. (Founders #141)Arnold: The Education of a Bodybuilder by Arnold Schwarzenegger. (Founders #193)----Get access to the World's Most Valuable Notebook for Founders at Founders Notes----Follow Founders Podcast on YouTube ----Join my free email newsletter to get my top 10 highlights from every book----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Founders (LS 59 · TOP 0.5% what is this?)Episode: #295 I had dinner with Charlie MungerPub date: 2023-03-21What I learned from rereading The Tao of Charlie Munger.----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Tiny provides quick and straightforward exits for Founders.  ----Follow one of my favorite podcasts Invest Like The Best ![5:45] The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.[8:48] He has never forgotten the importance of having friends in high places.[9:04] Most people systematically undervalue their time. — Peter Thiel[11:08] Franklin & Washington: The Founding Partnership by Edward Larson. Founders #251)[12:23] Meet You in Hell: Andrew Carnegie, Henry Clay Frick, and the Bitter Partnership That Changed America by Les Standiford. (Founders #284)[15:02] Charlie took the excess capital out of Blue Chip Stamp and invested it in profitable businesses.[12:56] Charlie started seeing the advantages of investing in better businesses that didn't have big capital requirements and did have lots of free cash that could be reinvested in expanding operations or buying new businesses.[17:38] Go for great.[21:33] In everything I've done it really pays to go after the best people in the world. —Steve Jobs[27:15] If you're in a good business just know that it's human nature to mess it up. Don't mess it up. Just stay there and let time do its work.[27:34] One truly great business will make your unborn grandchildren wealthy.[28:08] All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. (Founders #286)[34:39] I did not succeed in life by intelligence. I succeeded because I have a long attention span.[34:54] Charlie Munger on how he made $400 or $500 million by reading Barron's for 50 years.[35:11] One of the reasons Charlie and Warren have never worried about anyone mimicking their investment style is because no other institution or individual has the discipline are the patience to wait as long as they can. [35:47] Wisdom is prevention.[36:50] Only play games where you have an edge. — A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp. (Founders #222)[38:31] Wise people step on big and growing troubles early.[44:51] I am continually amazed at the number of people who are presented with an opportunity and pass. There's your basic dividing line between the people who shoot up in their careers like a rocket ship, and those who don't — right there. — Marc Andreessen's Blog Archive (Founders #50)[46:28] The most inspiring biography I've read so far: Born of This Land: My Life Story by Chung Ju-yung. (Founders #117)[47:11] Invest Like The Best #204 Sam Hinkie Find Your People[42:42] Rober Caro's Books:The Power BrokerThe Path to Power: The Years of Lyndon Johnson IMeans of Ascent: The Years of Lyndon Johnson IIMaster of the Senate: The Years of Lyndon Johnson IIIThe Passage of Power: The Years of Lyndon Johnson IV[48:46] We just got after it and we stayed after it. — Sam Walton: Made In America by Sam Walton. (Founders #234)[52:39] Some brand names own a piece of consumer's minds and they do not have any direct competition.[55:30] We are individual opportunity driven.[57:08] Size and market domination can create their own kind of durable competitive advantage.[56:15] Jony Ive: The Genius Behind Apple's Greatest Products by Leander Kahney. (Founders #178)[1:01:57] Extreme specialization is the way to succeed. Most people are way better off specializing than trying to understand the world.[1:04:44] Wise people want to avoid other people who are just total rat poison and there are a lot of them.[1:05:35] Charlie and I have seen so much of the ordinary in business that we can truly appreciate a virtuoso performance.[1:09:00] Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)[1:10:15] Charlie looks at nearly everything through the lens of history. You aren't changing human nature. Things will just keep repeating forever.[1:13:13] There should be more willingness to take the blows of life as they fall. That's what manhood is, taking life as it falls. Not whining all the time and trying to fix it by whining.[1:14:40] Hard Drive: Bill Gates and the Making of the Microsoft Empire by James Wallace and Jim Erickson. (Founders #290)[1:17:00] Arnold Schwarzenegger autobiographies and episodes:Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger. (Founders #141)Arnold: The Education of a Bodybuilder by Arnold Schwarzenegger. (Founders #193)----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly and listen to Ask Me Anything (AMA) episodes.----Join my free email newsletter to get my top 10 highlights from every book----I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free here.  ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders PodcastThe podcast and artwork embedded on this page are from David Senra , which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

What I learned from having dinner with Charlie Munger and rereading The Tao of Charlie Munger.This episode is brought to you by: Tiny: Tiny is the easiest way to sell your business. Tiny provides quick and straightforward exits for Founders.  ----Follow one of my favorite podcasts Invest Like The Best ![5:45] The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices.[8:48] He has never forgotten the importance of having friends in high places.[9:04] Most people systematically undervalue their time. — Peter Thiel[11:08] Franklin & Washington: The Founding Partnership by Edward Larson. Founders #251)[12:23] Meet You in Hell: Andrew Carnegie, Henry Clay Frick, and the Bitter Partnership That Changed America by Les Standiford. (Founders #284)[15:02] Charlie took the excess capital out of Blue Chip Stamp and invested it in profitable businesses.[12:56] Charlie started seeing the advantages of investing in better businesses that didn't have big capital requirements and did have lots of free cash that could be reinvested in expanding operations or buying new businesses.[17:38] Go for great.[21:33] In everything I've done it really pays to go after the best people in the world. —Steve Jobs[27:15] If you're in a good business just know that it's human nature to mess it up. Don't mess it up. Just stay there and let time do its work.[27:34] One truly great business will make your unborn grandchildren wealthy.[28:08] All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense by Peter Bevelin. (Founders #286)[34:39] I did not succeed in life by intelligence. I succeeded because I have a long attention span.[34:54] Charlie Munger on how he made $400 or $500 million by reading Barron's for 50 years.[35:11] One of the reasons Charlie and Warren have never worried about anyone mimicking their investment style is because no other institution or individual has the discipline are the patience to wait as long as they can. [35:47] Wisdom is prevention.[36:50] Only play games where you have an edge. — A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp. (Founders #222)[38:31] Wise people step on big and growing troubles early.[44:51] I am continually amazed at the number of people who are presented with an opportunity and pass. There's your basic dividing line between the people who shoot up in their careers like a rocket ship, and those who don't — right there. — Marc Andreessen's Blog Archive (Founders #50)[46:28] The most inspiring biography I've read so far: Born of This Land: My Life Story by Chung Ju-yung. (Founders #117)[47:11] Invest Like The Best #204 Sam Hinkie Find Your People[42:42] Rober Caro's Books:The Power BrokerThe Path to Power: The Years of Lyndon Johnson IMeans of Ascent: The Years of Lyndon Johnson IIMaster of the Senate: The Years of Lyndon Johnson IIIThe Passage of Power: The Years of Lyndon Johnson IV[48:46] We just got after it and we stayed after it. — Sam Walton: Made In America by Sam Walton. (Founders #234)[52:39] Some brand names own a piece of consumer's minds and they do not have any direct competition.[55:30] We are individual opportunity driven.[57:08] Size and market domination can create their own kind of durable competitive advantage.[56:15] Jony Ive: The Genius Behind Apple's Greatest Products by Leander Kahney. (Founders #178)[1:01:57] Extreme specialization is the way to succeed. Most people are way better off specializing than trying to understand the world.[1:04:44] Wise people want to avoid other people who are just total rat poison and there are a lot of them.[1:05:35] Charlie and I have seen so much of the ordinary in business that we can truly appreciate a virtuoso performance.[1:09:00] Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell. (Founders #269)[1:10:15] Charlie looks at nearly everything through the lens of history. You aren't changing human nature. Things will just keep repeating forever.[1:13:13] There should be more willingness to take the blows of life as they fall. That's what manhood is, taking life as it falls. Not whining all the time and trying to fix it by whining.[1:14:40] Hard Drive: Bill Gates and the Making of the Microsoft Empire by James Wallace and Jim Erickson. (Founders #290)[1:17:00] Arnold Schwarzenegger autobiographies and episodes:Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger. (Founders #141)Arnold: The Education of a Bodybuilder by Arnold Schwarzenegger. (Founders #193)----Subscribe to listen to Founders Premium — Subscribers can ask me questions directly and listen to Ask Me Anything (AMA) episodes.----Join my free email newsletter to get my top 10 highlights from every book----I use Readwise to organize and remember everything I read. You can try Readwise for 60 days for free here.  ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

In this episode of The MHP Broker's Tips and Tricks podcast, Maxwell Baker, president of The Mobile Home Park Broker, interviewed Sam Hales, president and CEO of the Saratoga Group. We talked about Sam's strategy of founding his own construction company to work on all of his various projects rather than having to hire locally every time.  This and every Tips and Tricks podcast episode is brought to you by The MHP Broker's'  proprietary Community Price Maximizer. Use this four-step system to get the highest price possible for your mobile home park or RV community when you sell it through The MHP Broker. Guaranteed. Ask Max for details.   Here Are the Show Highlights: ·       Today's interview is with mobile park owner Sam Hales of the Saratoga Group. Sam is a mobile home park owner with whom The Mobile Home Park Broker has closed several deals. (Max, 0:22) ·       Sam is one of the top owners in the country, with 97 parks and a total of more than 6,100 lots in 17 states, with more deals closing in the next 30 days. (Max, 0:55) ·       Sam loves operating in the southeast U.S. and in certain Midwest states. (Sam, 1:32) ·       When Sam and Max met at SECO, Sam mentioned his new strategy of bringing in his own construction contractor and crew rather than being at the mercy of local contractors for park projects. (Max, 1:50) ·       When Sam bought a 312-lot park in Kentucky, he inherited a serious sewer line repair challenge. (Sam, 3:45) ·       His first two local bids were each for over $2 million. (Sam, 3:59) ·       Local contractors seemed to know they could charge what they wanted because they were the only game in town. And they saw it as a one-off project, so they figured to get as much as they could. Even when Sam got a bid from someone he'd worked with before, it still came in at $1.7 million, which was still way too much. (Sam, 4:23) ·       Then Sam got to talking to a contractor who was doing construction on his home in Tennessee, and found that the contractor had built mobile home parks from scratch in the past. So Sam made him a deal to send him and his crew to the Kentucky park for a couple months, set them up in RVs and with per diem living expenses and pay them by the hour. (Sam, 5:49) ·       The final bill came to $230,000, vs. the quotes for $1.7 million to $2 million-plus he'd received from local contractors. (Sam, 6:30) ·       The contractor they brought in was a problem-solver who could figure out how to get things done in fewer steps and was able to cut out over half of the scope of the work. (Sam, 7:18) ·       Now this same contractor and his crew are working on a drainage problem at a Memphis park of Sam's. (Sam, 7:21) ·       And from there the team will go to a park in Marietta, GA that Max sold them. Two old buildings need to be torn down and replaced with additional lots. (Sam, 7:59) ·       Sam found that by controlling one construction company and sending them where needed, he could control his project priorities and get the work done when needed, and at a cost savings over constantly having to bid and hire locally. (Sam, 8:23) ·       After seeing the success of this working arrangement over his first few projects, Sam's now in the process of officially establishing a construction company and hiring his contractor and team. He can use this approach not only for handling work projects in his parks, but also for building communities from scratch. (Sam, 8:54) ·       Sam has an experienced project manager on payroll, and his brother is an engineer to handle all job planning. (Sam, 10:24) ·       The contractor loves being free of the administrative responsibilities of running a company, and being able to focus his time and attention on construction, so he loves the arrangement. (Sam, 14:05) ·       His contractor also hated the constant hassle with getting paid so he can pay his crew. (Sam, 15:02) ·       It took awhile before the contractor saw that he was regularly getting paid per schedule by Sam, so that was a big worry he no longer had to focus on. (Sam, 15:44) ·       Sam's attention now is on economic challenges he sees on the horizon. He's reading books and listening to economists to position his company for ongoing success, whatever happens over the next year or two. (Sam, 16:26) ·       Sam thinks his company can ride out a recession since he's in a somewhat recession-proof industry. (Sam, 18:12) ·       Max remembered a situation when he started out, in 2009, where a lot of mobile home park residents in Alabama were foreign-born day laborers. When the authorities showed up to the parks and requested green cards, the parks emptied out. This is an example of how the ever-changing political landscape can have a serious impact on the economics of park owners. (Max, 19:05) ·       Sam's parks are about half occupied by Hispanics. He's not concerned about residents being detained and deported, but if the economy dries up will there be enough work for his tenants? If not, will they leave the parks and return to their home countries? (Sam, 21:20) ·       Sam doubts that this will be a problem, because economic conditions in the countries where the immigrants are from are already much worse than it's likely to get in the U.S. (Sam, 22:16) ·       Asked his favorite business-related books, Sam chose The Art of the Deal, by Donald Trump, Am I Being Too Subtle? by Sam Zell, and a Warren Buffett biography. (Sam, 22:58) Reach out to Max to learn more about winning strategies in the mobile home park industry and to find out how to sell your property for the best possible price. Just drop Max a line at info@themhpbroker.com or give him a call at 678-932-0200. And be sure to check out The Saratoga Group at saratogagroup.com.  Power Quotes in This Episode: “We love the Southeast, and then parts of the Midwest.” (In announcing recently buying a Nebraska park) . (Sam, 1:32) “When we got into this business we determined…we needed to be vertically integrated.” (Sam, 2:33) “Anybody bidding in that market kind of knew they had us over a barrel and we were not going to be a great customer for them because we're gonna do this one job and then we go away, right?” (On why he thinks he got outrageously high quotes from local contractors.) (Sam, 4:23) “We're going to build our own communities, too.” (Sam, 8:54) “We got to be ready for the next year or two or whatever, and I think it can be a little tough.” (Comment on economic headwinds) (Sam, 17:35) “The mobile home park investment is more about operating a business than it is about owning real estate. Right? I mean, there's not very much real estate out there where you  can have such huge impact on your bottom line by how you operate it, but mobile home  parks, there's a ton there, right? (Sam, 23:26)

About Sam :Sam Zell is a global, industry-agnostic entrepreneur and investor. He has a long track record of turning around troubled companies and assets, leading industry consolidations, and bringing companies to the public markets. His current investments are in logistics, health care, manufacturing, agribusiness, energy, and real estate.Sam is the chairman of Equity Group Investments, the private investment firm he founded more than 50 years ago. He also chairs three companies listed on the New York Stock Exchange: Equity Residential, an apartment REIT; Equity LifeStyle Properties, a manufactured home community and resort REIT; and Equity Commonwealth, an office REIT.Sam also founded and chaired Equity Office Properties Trust, which was the largest office REIT until its 2007 sale for $39 billion in the largest leveraged buyout at the time. In addition, he introduced the first Brazilian and Mexican real estate companies, respectively, to the New York Stock Exchange through Equity International, a private investment firm he founded to focus on real estate businesses in emerging markets.Sam is an active philanthropist with a focus on entrepreneurial education. Through the Zell Family Foundation, he has led the sponsorship of several leading entrepreneurship programs, including the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business, the Zell Fellows Program at Northwestern University's Kellogg School of Management, and the Zell Entrepreneurship Program at Reichman University in Israel. The Zell Global Entrepreneurship Network (ZGEN) unites the students and alumni of these programs, providing connections, opportunities, mentorship, and support. Sam also sponsors the Samuel Zell and Robert Lurie Real Estate Center at University of Pennsylvania's Wharton School. He holds a JD degree and a BA from the University of Michigan.Sam was recognized in 2017 by Forbes as one of the 100 Greatest Living Business Minds. That same year, Sam debuted his book, Am I Being Too Subtle? Straight Talk From a Business Rebel (Penguin Random House), in which he shares fundamentals and philosophies that made him a self-made billionaire.Links From The Podcasthttps://www.egizell.com/people/sam-zell/https://www.linkedin.com/company/equity-group-investments/https://www.peer2peerrealestate.com/@peer2peerrealestate434 - Youtubehttps://www.linkedin.com/in/williemorales/Book(s)recommendedThe success principals- Jack Canfield What did you think about today's subject?Please go to apple podcasts look for us at peer 2 peer real estate podcast, please subscribe and leave a review.Don't give up on your dreams, fight for it and guard it.Keep the momentum going, Good things will happen.Thanks for listening and be safe. Hosted on Acast. See acast.com/privacy for more information.

Jack started his first business at 8 and wrote his first book at 17. Even in the world of entrepreneurship, that's remarkable. Now a college junior who has started 10 companies and written 3 books, he sits down to speak with Lauren about his journey and offer words of encouragement to (future?) entrepreneurs. Currently, he's in social media marketing. You'll walk away believing we can learn from everyone around us, even if they're kids. If you've been thinking about starting a business, let Jack give you the push you need. Our favorite advice: Start a business by dipping your toe in Recommended books: Am I Being Too Subtle? What It Takes About Jack: Jack Rosenthal, a 19-year-old entrepreneur and investor. He founded the Young Investors Club, LLC. He wrote the #2 bestselling book on Teen Investing. He also wrote a top selling book on Teen entrepreneurship. Buy his books: Search Jack Rosenthal on Amazon Connect with Jack: https://twitter.com/jackrosenthal29 Sponsored by Steadily: https://adultingiseasy.steadilypartner.com/ Follow the Adulting Is Easy YouTube Channel: https://www.youtube.com/channel/UCtKGYc18MdUa-sEztHUp9kQ

What I learned from reading Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell.--Support Founders' sponsors: Tiny: The easiest way to sell your business. Quick and straightforward exits for Founders. andTegus is a search engine for business knowledge that's used by founders, investors, and executives. It's incredible what they're building. Try it for free by visiting Tegus.and Get 60 days free of Readwise. It is the best app I pay for. I couldn't make Founders without it. [6:37] I have an embedded sense of urgency. What I can't figure out is why so many other people don't have it.[6:50] I was willing to trade conformity for authenticity.[8:26] Problems are just opportunities in work clothes.  —Henry J. Kaiser: Builder in the Modern American West by Mark Foster. (Founders #66)[9:36] Once I have formed my opinion, I have to trust my perspective enough to act on it. That means putting my own money behind it. My level of commitment is usually high. And I stay with my decision even when everyone is telling me I'm wrong, which happens a lot.[10:37] Long term relationships reflect the most important lesson imparted to me by my father. He taught me simply how to be. He often told me that nothing was more important than a man's honor. A good name. Reputation is your most important asset.[11:10] When I was younger my career competed with my role as a husband and father and my career often won.[11:37] Childhood does not allow itself to reconquered. — Leading By Design: The Ikea Story (Founders #104)[12:20] The personality types that stay in the game for as long as Sam has —and he's been in the game for 50 years — usually describe entrepreneurship as a calling and an obsession.[12:35] The great thing about entreprenuership is that you get to spend your time building something you enjoy. Most people don't get to do this. They are stuck in jobs they hate. I had the time of my life. —Sam Walton: Made In America by Sam Walton. (Founders #234)[13:29] Business is not a battle to be waged — it's a puzzle to be solved.[14:33] Optimize for irreverence.[16:54] Swimming Across by Andy S. Grove (Founders #159)[18:11] His family narrowly escapes the Holocaust: His train arrived at 2:00 p.m. It was a ten minute walk home and when he got there he told my mother to pack what she could carry; they were boarding the 4:00 train out that afternoon.[19:21] Every year for the rest of their lives they celebrated the date of their arrival with the toast to America. My sister and I grew up keenly aware of how fortunate we were to be in this country.[15:58] You've got to understand that the world is a hard place.[19:13] My tendency to go against conventional wisdom would later end up defining my career.[26:55] Sam Zell — Strategies for Investing, Dealmaking, and Grave Dancing on The Tim Ferriss Show[27:25] It just never occurred to me that I couldn't do it.[28:42] Indifference to rejection is a fundamental part of being an entrepreneur.[31:59] It was at this point in my career that I fully realized the value of tenacity. I just had to assume there was a way through any obstacle, and that I'd find it. This is perhaps my most fundamental principle of entrepreneurship, and to success in general.[33:44] Difference for the sake of it. —James Dyson Against The Odds: An Autobiography by James Dyson (Founders #200)[35:58] I was going to do what I love doing and I wasn't going to be encumbered by anyone else's rules.[40:35] What I find fascinating is just how many of these ideas that he got from a older, more experienced entrepreneur, that he used for the rest of his life.[41:36] Larry Ellison episodes:Softwar: An Intimate Portrait of Larry Ellison and Oracle by Matthew Symonds (Founders #124)The Billionaire and the Mechanic: How Larry Ellison and a Car Mechanic Teamed up to Win Sailing's Greatest Race, the America's Cup, Twice by Julian Guthrie (Founders #126)The Difference Between God and Larry Ellison: God Doesn't Think He's Larry Ellisonby Mike Wilson (Founders #127)[41:59] Like most oracles, Wasserman gave an opinion that was simple and sensible (but unambiguously presented, thank goodness). “It is not prudent,” replied Wasserman, “to ask people to change their nightly viewing habits. Once they are used to tuning in a given channel, they find it hard to make the move, no matter how good an alternative is being provided elsewhere.” Was that it? All of our thinking and talking and arguing and agonizing came down to the belief that Americans won't change the dial? Wasserman's advice sealed our decision.— Johnny Carson by Henry Bushkin. (Founders #183)[43:55] Zeckendorf: The autobiograpy of the man who played a real-life game of Monopoly and won the largest real estate empire in history by William Zeckendorf.[47:27] The captain of a Ludwig ship made the extravagant mistake of mailing in a report of several pages held together by a paper clip. He received a sharp rebuke: "We do not pay to send ironmongery by air mail!" — The Invisible Billionaire: Daniel Ludwig by Jerry Shields.[51:32] There's no substitute for limited competition. You can be a genius, but if there's a lot of competition, it won't matter. I've spent my career trying to avoid its destructive consequences.[52:32] Cable Cowboy: John Malone and the Rise of the Modern Cable Business by Mark Robichaux (Founders #268)[55:20] What do you do? I'm a professional opportunist.[59:31] A mantra that I would repeat regularly for decades to come: Liquidity equals value.[1:07:59] I have always believed that every day you choose to hold an asset, you are also choosing to buy it. Would I buy our buildings at the price Blackstone was quoting? Nope.[1:12:29] Fast decision making and autonomy had become like oxygen to him.—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Alex Olson is a senior real estate broker. In this episode, he shares his insights on real estate as a wealth building tool. He explains that when you look at your taxes after you've taken depreciation into account, real estate can be a very effective way to lower your tax burden. Alex also discusses the importance of networking and how it can help you become successful in the real estate business. [00:01 - 03:28] Opening SegmentAlex shares his background in real estate and how he has been helping people find properties.The importance of working with a knowledgeable real estate agent to help buyers find properties[03:29 - 14:08] The Key is Preparedness and Setting Up the Plan BBe prepared for a lot of stress and have a plan for what to do if things don't go as planned.Everybody starts off with what they want, which is often unrealistic and not in line with what the market is providing.Besides cap rates, factors such as cash flow, purchase price, and how much money will be put down should also be considered.[14:09 - 22:59] Optimizing Real Estate as a Wealth-Building ToolLike-minded individuals can successfully invest in real estate together.To find properties that are good investments, it is important to have a clear understanding of the local market and what type of property is being sought.Alex shares the joy to see a property's progress over time and how it can build wealth without the buyer even knowing. [23:00 - 31:16] THE FINAL FOURWhat is the worst job you ever had?Castrating hogsWhat's a book that you've read that's given you a paradigm shift?Am I Being Too Subtle? by Sam ZellWhat's a skill or talent that you would like to learn?How to become a movie script writerWhat foes success mean to you?Independence from taking risksConnect with AlexLinkedin: www.linkedin.com/in/aolson  Website: https://www.biggerpockets.com/users/hardworkinvesto LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform. Tweetable Quotes:“Our main focus, of course, is multifamily. Why? Because that's what everybody wants and everybody knows it does well in the market.” -  Alex Olson“It all starts with the idea, and that's it. Once you have the idea, you figure out ways to get to it.” -  Yonah WeissSupport the show

Donovan is 25 years old and is currently living in Houston, Texas. He started in the oil and gas industry and quickly found out he wanted more for himself. Now he is working full time in real estate and currently has 19 real estate development deals under contract! Learn all about how Donovan did this as well as: How to analyze deals Who is the most important people on his team Building a large social media following And Much More! Donovan's Favorite Books: Amazon.com: The Go-Giver, Expanded Edition: A Little Story About a Powerful Business Idea (Audible Audio Edition): Bob Burg, Bob Burg, John David Mann, John David Mann, Gildan Media, LLC: Audible Books & Originals Amazon.com: Am I Being Too Subtle?: Straight Talk From a Business Rebel: 9781591848233: Zell, Sam: Books Contact Information Donovan's Twitter: @DonovanBuilds Donovan's Instagram: donovan_651 Mike's Instagram: mcollins_15 Naeem's Twitter: @naeemsmith_ Naeem's Instagram: 003naeems Green Light Instagram and Twitter: green_lightre --- Send in a voice message: https://anchor.fm/elevatededge/message Support this podcast: https://anchor.fm/elevatededge/support

Fernando O. Angelucci is the Founder and President of Titan Wealth Group. He also leads the firm's finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm's revenue has grown over 100% year over year. Today, Titan Wealth Group operates nationwide sourcing off-market investment properties for Titan Wealth Group's acquisition as well as servicing a network of thousands of active real estate investors worldwide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues. With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance. Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.   [00:01 - 04:20] Opening Segment Get to know Fernando Angelucci Let's welcome him back! Switching from residential multifamily to self storage syndicating and developing   [04:21 - 16:57] Negative Impacts of Self Storage Why lenders tighten up during an economic uncertainty They're sitting on a lot of cash! How REITs and hedge funds convert their massive cash positions into real estate The coronavirus influence on lenders Some macrodata from TREPP A recession-proof asset  New development and building new propertiesWorking around the labor issue Build on contingencies Paying for time and IRR Why Fernando started developing self storage   [16:58 - 27:02]  Positive Impacts of Self Storage There are buyers everywhere! A $10,500,000 build sold at $18 million in a month Prices are through the roof on market prices Lenders readjusting and balancing their portfolios Recourse and non-recourse loans Square footages and self storage facilities: What Fernando's team are looking for   [27:03 - 36:03] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is your favorite book to read for personal reasons?Tools of Titans What is your favorite book to read for business purposes?Am I Being Too Subtle? What It Takes The Creature from Jekyll Island Fernando's Travel Bucket ListBrazil Italy Connect with my guest. See the links below.   Resources Mentioned: Rich Dad Poor Dad   Tweetable Quotes: “Self storage is known as a recession, a recession-resistant asset.” - Fernando Angelucci “If you can't buy a property below replacement cost, your only other option is to build it.” - Fernando Angelucci ------------ Connect with Fernando Angelucci through (630)-408-8090 and LinkedIn.  Visit their website https://www.impactselfstorage.com/.    Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate 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.  Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes                   

IN THIS EPISODE, YOU'LL LEARN:What investing in Special Situations looks like.How Thomas turned $7k into over $1MM by finding an important footnote on a penny stock company.Investing in bankruptcies, liens, and other esoteric situations.Learnings from Billionaire Sam Zell and others. Thomas' epic 40x return from investing in claims from Japanese crypto exchange, Mt. Gox.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThomas Braziel's Twitter.Am I Being Too Subtle by Sam Zell.Trey Lockerbie's Twitter.Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.Identify and stop paying for subscriptions you don't need, want, or simply forgot about with Truebill.Donate to GiveWell's recommended charities and have your donation matched up to $1,000 before the end of August or as long as matching funds last if you've never donate before. Pick PODCAST and We Study Billionaires or enter code TIP at checkout.Remove uncertainty from your portfolio and receive a steady flow of cash all year round with Farmfolio.Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.You can see eczema on the surface of your skin, but there may also be irritation below that you can't see. Discover Eucrisa as it works both above and below the skin to treat eczema in adults and children 3 months of age and older.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Optimize your payments infrastructure, simplify expansion plans, and create new revenue streams for your business with Stripe. Join millions of companies from all sizes. Learn more and get started today!Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Stay on top of all your processes - directly inside Gmail with Streak. Get 20% off the Pro plan today.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired, and get an extra 3 months FREE on a one-year package.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tory is responsible for all aspects of real estate acquisition & management. This includes underwriting, structuring equity, raising capital & asset management. His work involves managing the transaction process from inception to execution, as well as continuous asset management through the life of the asset.    Tory has been in the real estate industry 6+ years as a broker and principal investor in 100+ transactions totaling $70M+. Tory is also an investor in Real Estate Lab which is a real estate software company focused on analysis and data related to multifamily investing. Prior to real estate Tory owned & operated Superior Recreation Services, a company building commercial playgrounds throughout Michigan & Ohio.   Welcome to another episode of the Creative Capital Podcast. In this highly motivational yet educational episode, I speak with my guest, Tory Sheffer about how he closed on over 200 units on his very first multifamily deal and all the lessons that come with it.  [00:01 - 12:13] Who is Tory Sheffer? An overview of the episode Welcoming Tory to the show Tory shares his background and how he started in Real Estate  Tory's first multifamily deal  [12:14 - 18:19] Lessons Learned in Tory's First 200-Unit Multifamily Deal  Negotiating for the deal The power of strategic relationships and networking  Tory's current profile  The current Pro forma on Tony's first deal  [18:20 - 35:25] Getting Traction in the Multifamily Market  How to source deals  Standing out in direct seller marketing campaigns for multifamily buyers When to hire a team   Underwriting for deals and how to determine if an opportunity is worth pursuing  The future of Sheffer Capital  [35:26 - 39:01] The Pod Decks Segment Do you think the Gamestop stock situation was truly a grassroots movement or was it orchestrated by Wall Street elites? Why do you think people create/join cults? [39:02 - 45:44] The Core Four What is your favorite real estate-related book? Am I Being Too Subtle? by Sam Zell  What do you think your unique skill is that helped you become successful? Personability and Likability   Tell me something that's true about real estate that almost nobody agrees with you on Class A at low cap rates right now is a good investment What one piece of advice would you give the listeners wanting to succeed in real estate investing? Shoot and aim  Connect with Tory  A summary of the episode Closing words Key Quotes:    “I don't really know how I stand out, I just put it very straight to the point …  I think it's just a matter of being in front of them at the right place and right time.” -  Tory Sheffer   “I would say the biggest thing is to shoot and then aim. Find something that you are interested in and then just start trying to do it. And figure it out along the way, rather than getting buried in analysis paralysis.” -  Tory Sheffer  Connect with Tory LinkedIn: https://www.linkedin.com/in/torysheffer/  Instagram: https://www.instagram.com/torysheffer/ Twitter: https://twitter.com/ToryJSheffer  You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube    You can also email me at Joshferrari901@gmail.com  For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com   SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.  LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.   Listen to our previous episodes here

Shawn Winslow is the founder and Managing Partner of Greenbriar Capital Group. He has an aptitude for investing in multifamily apartments, providing his clients with significant passive income and generational wealth creation.  His passion is helping his investors achieve financial freedom by reducing their dependency on conventional income and investments such as stocks, bonds, and mutual funds so they can pursue their own dreams. In addition to pursuing attractive risk-adjusted returns for his investors, Shawn strives to enhance the life of every tenant, team member, and individual that comes into contact with Greenbriar and its partners. Prior to founding Greenbriar Capital Group, Shawn worked with one of the Top 10 Largest Investment firms in the World (via InvestmentNews). His passion for helping others pursue their financial goals started there, by bringing in over $1.5 billion in assets.    In this episode, Shawn talks about how to increase your deal flow while staying competitive. He shares how he does his underwriting to stay conservative yet competitive to win deals. Shawn also shares his story of quitting his W-2 to invest in real estate and what he has to give up to get to where he is today. Shawn also talks about how to build your relationship with brokers, so you can find the best opportunities in the market today. Listen in! [00:01 - 10:01] Introduction     A preview of the episode Welcoming Shawn to the show Shawn shares his background Growing up in an entrepreneurial environment Getting into real estate   [10:02 - 20:05] What It Actually Takes to be Financially Free   Shawn on quitting his W-2 for real estate investing The importance of having a mentor in the industry Belonging to a mastermind What Shawn had to give up to get to where he is now Cash-poor, asset-rich Delayed gratification   [20:06 - 29:12] How to Find the Best Opportunities in Real Estate (Step-by-Step)   The best source of solid leads for deals Good old broker relationships How Shawn was able to find great opportunities early in his real estate career Pick your market (2-3 if possible) Do your research Generate a list of brokers Building relationships with brokers [29:13 - 43:43] Why NOW is the Best Time to Buy Real Estate   Why is now the best time to buy real estate? Low-interest rates The inflation factor Multifamily's resilience Shawn's thoughts on the evolving real estate market Technological advancements Find a mentor who's doing business now [43:44 - 51:00] Increasing Deal Flow While Being Competitive   How to keep your underwriting conservative yet competitive Bring in your lender early Be flexible and tactical Be creative on terms [51:01 - 55:28] The Pod Decks Segment   What have you given up on that you wish you never had? Would you rather explore a new planet or the depths of the ocean? [55:29 - 01:05:21] The Core Four   What is your favorite real estate-related book? Am I Being Too Subtle? by Sam Zell (link below)  What do you think your unique skill is that helped you become successful? Being relentless and resourceful Tell me something that's true about real estate that almost nobody agrees with you on On inflation What one piece of advice would you give the listeners wanting to succeed in real estate investing? Don't do it alone Connect with Shawn! A summary of the episode Closing words Key Quotes:    “I think it hits their ego, some people, when they reach out to a mentor, but I think you're foolish not to reach out to someone who's done it before, who can show you the ropes and hopefully help you jump over some of the hurdles they faced, and that's what I did.” - Shawn Winslow   “Are you willing to give up some things and live a tougher life now, so you can live a great life in the future? That's kind of the decision I made.” - Shawn Winslow   “Make sure [that] when you look for a mentor, if you're looking for one, that they're actually doing business now, not one that was in the game two or three years ago, because the game is completely different. You want to learn from someone who's doing deals now, and who's gonna continue to do deals. Because things change, and they change fast.” - Shawn Winslow   “The mind is a powerful thing. You just got to set it on the right path and you can do what you set your mind to.” - Shawn Winslow Resources Mentioned:   Am I Being Too Subtle? by Sam Zell Connect with Shawn on Instagram and LinkedIn!   Text DEAL FLOW to 415-528-7403 for a free PDF on increasing your deal flow!   Check out Greenbriar Capital Group: https://www.greenbriarcg.com/ You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube  For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com   SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.  LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.   Listen to our previous episodes here 

IN THIS EPISODE, YOU'LL LEARN: 11:05 - What is a mobile home park and what investing strategy is used when this is implemented?16:04 - What is the difference between park-owned homes and tenant-owned homes?17:27 - How to use rent-to-own financing to eliminate maintenance and repair costs, motivate tenants to take better care of the property, and allow people to get started without a lot of money.21:32 - How is Jonathan choosing the markets he's interested in purchasing, what specific data points or metrics does he look for, and how is he tactically finding cities that meet those criteria?22:42 - In terms of raising capital, why did he decide to limit his investor pool to only accredited investors, who are able to invest a minimum of $450,000 and where did he come up with that amount? And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more FREE content from Robert.Get a FREE audiobook from Audible.Read the 9 Key Steps to Effective Personal Financial Management.Check out our Investing Starter Packs about business and finance.Learn about our Investing Starter Packs on real estate.Jonathan Tuttle's website Midwest Park Capital.Sam Zell's book Am I Being Too Subtle?Matt Faircloth's book Raising Private Capital.Michael Blank's book Financial Freedom with Real Estate Investing.Antoine Martel's book A Millennial's Guide to Investing in Cash Flowing Rental Properties.Ramit Sethi's book I Will Teach You To Be Rich.Find great markets to invest in with Wiserei.Real estate education platform BiggerPockets.All of Robert's favorite books.Support our free podcast by supporting our sponsors. Read this episode's transcript and full show notes on our website.Connect with Jonathan: Website | InstagramConnect with Robert: Website | Twitter | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aligning capital markets in both debt and equity to scale acquisitions in commercial real estate. Reach out to me or our team directly: [drew@magcp.com](mailto:drew@magcp.com)[https://www.linkedin.com/company/mag-capital-partners/](https://www.linkedin.com/company/mag-capital-partners/)[www.magcp.com](http://www.magcp.com/) Commercial Real Estate | Investment Real Estate | Alternative Investments | CRE | Cash Flow | Learn How to Get Started in Real Estate? Go to [www.Dwellynn.com/mft](http://www.dwellynn.com/mft) **SUBSCRIBE and LEAVE US A REVIEW** on iTunes: [http://getpodcast.reviews/id/1256786108](http://getpodcast.reviews/id/1256786108) Get your free book: [www.audibletrial.com/dwellynn](http://www.audibletrial.com/dwellynn) **Contact: Drew Wahlgren** **Content mentioned: Am I Being Too Subtle? by Sam Zell** [https://www.amazon.com/Am-I-Being-Too-Subtle-audiobook/dp/B0725945CR/ref=sr_1_1?crid=1PA14BKIGJ7ET&dchild=1&keywords=am+i+being+too+subtle&qid=1630535100&s=books&sprefix=Am+i+be%2Caps%2C189&sr=1-1](https://www.amazon.com/Am-I-Being-Too-Subtle-audiobook/dp/B0725945CR/ref=sr_1_1?crid=1PA14BKIGJ7ET&dchild=1&keywords=am+i+being+too+subtle&qid=1630535100&s=books&sprefix=Am+i+be%2Caps%2C189&sr=1-1) Follow Ola [[www.instagram.com/oladantis](http://www.instagram.com/oladantis)] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com

On this week's episode of The Art of Passive Income, Mark welcomes Real Estate Developer and Cash Flow Specialist, Shane Melanson to the show.Shane Melanson is a Real Estate Investor, Author, and Cash Flow Specialist. He was introduced to commercial real estate by a mentor (now his father-in-law) who showed him a systematic way to invest in commercial real estate. This approach demonstrated how to raise millions from investors and how to put together the right teams to execute their business plans. Over the years, Shane has been assisting many real estate investors to transform their lives and create enough passive income to replace their job. He has committed the last 10 years of his life to help others discover commercial assets that suit their needs. Today, he specializes in helping professionals in Canada who are earning mid-6 figures convert their income into net worth by becoming owners of commercial properties. Shane is also the host of the Investing Advantage Podcast and the founder of Melanson Real Estate.Listen in as they discuss:  Shane's journey to commercial real estate.The difference between a good deal and a bad deal.  Mistakes new real estate investors make in their first year.  Shane's outlook on switching from being opportunistic to more diligent and focused.   Having your money work for you rather than working for your money.  Assets that have a future in investment.And more!Shane also shares the worst advice he has heard about commercial real estate while being in the business.TIP OF THE WEEKMark: My tip of the week is which is shanemelanson.com, read a book there: Club Syndication, How the Wealthy Invest Their Money, Discover How to Raise Capital, and Invest in Commercial Real Estate. Claim your copy today!Scott: My tip of the week is also a book called Am I Being Too Subtle by Sam Zell, it's straight talk from a business level. I like it, I like the guy's personality. Check it out!Shane: One book I really enjoyed is by Keith J. Cunningham called Keys to the Vault, some of the experts out there say he is the real Rich Dad Poor Dad behind the Robert Kiyosaki; and if you read some of his books, he's got a lot of wisdom as it relates to risk, understanding deals, deals structures whether it's raising capital or investing. Even with my own book, I think that's probably one of the best resources that I could point to your audience.Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

“Businesses die from indigestion more often than starvation.” No matter what type of work you do, there will always be opportunities begging for your attention. The key is getting clarity on what’s going to move the needle and not pull you away from your main goal. I’m going to walk you through a framework we use company-wide, that makes getting that clarity effortless. Plus, I share a really powerful perspective from Real Estate Mogul Sam Zell that has changed the game for me. If you suffer from shiny object syndrome like every other entrepreneur on this planet, listen in.Am I Being Too Subtle?: Straight Talk From a Business Rebel: The Snowball: Warren Buffett and the Business of Life:

This is a Clubhouse book club live recording with my friend Jeremy Zenilman about the book "Am I Being Too Subtle" by Sam Zell. Sam Zell founded and chaired Equity Office Properties Trust, the largest office REIT until its 2007 sale for $39 billion in the largest leveraged buyout at the time. Blackstone made an a "Godfather" offer that he couldn't refuse. Come Say Hi: Minja's LinkedIn: https://www.linkedin.com/in/minjayan/ LinkedIn: https://www.linkedin.com/company/cre-media Instagram: https://instagram.com/cre_mediagroup Podcast Audience LinkedIn Group: https://www.linkedin.com/groups/13884501/ Please contact us here: https://www.cre-media.com/contact Disclaimer: This commercial real estate podcast is intended for commercial real estate professionals, institutions, and investors only. The views expressed in this show are for informational and entertainment purposes only, and do not imply suitability. Views and opinions expressed are those of the presenters only and do not reflect the views of their employers, institutions, and associations. The information is not intended as investment advice, is not a recommendation about investing, and the presenters and their companies are not acting as your fiduciary.

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. In this episode, Todd talks with Ellie Perlman about how she pivoted from investing in single family homes to large multifamily properties. Ellie is a multifamily real estate investor and a syndicator, who owns over 2,000 units across the US, worth over $200MM. Ellie is the Founder and CEO of Blue Lake Capital, a real estate investing firm specializes in multifamily investments, where she helps investors grow their wealth and get double returns by joining her investments. She is also the host of “REady2Scale Real Estate Investing” podcast, as well as a coach and mentor to up and coming multifamily syndicators through her personal 1-on-1 mentoring program. 3 Pillars 1. Consistency 2. The right combination between pessimism and optimism 3. Have a higher Why Books: The One Thing by Gary Keller and Am I Being Too Subtle by Sam Zell You can connect with Ellie at www.ellieperlman.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

With the gold price reaching record highs, we revisit the contentious issue of whether you should add gold to your portfolio. Before mining that topic, we talk about Super Pumped: The Battle for Uber and Am I Being Too Subtle? — our book recommendations of the week. We then touch on key news stories including how the recent Apple stock split has affected its position in the Dow index. After fielding a listener question about why central banks care about deflation, we share the reasons for and against investing in gold. We discuss where gold derives its value along with the concept of the ‘golden constant’ which states that the value of gold will keep pace with inflation in the extreme long-term. Host Benjamin Felix brings in research to show why gold is a bad inflation hedge due to its short-term price volatility. He also brings in data to look at how gold performs under hyper-inflation and then speculates on how supply shock from finding new sources of gold would impact its market value. Often used as a reason to invest in gold, we provide our take on John Bogle’s statement that you should invest 5% of your portfolio in gold. Despite seeming to be a middling investment, we then talk about why so many central banks own gold. Near the end of the episode, we briefly explore the life insurance organization Assuris and which account you should draw from when buying a home. Lastly, we draw insights from this episode’s bad advice of the week. Tune in to hear more rational reminders from the investment world.   Key Points From This Episode: Media recommendations ranging from Too Much and Never Enough to Ray Donovan. [0:01:39] Updates on the model portfolios being written by Ben. [0:02:58] This week’s book recommendations: Super Pumped and Am I Being Too Subtle? [0:04:40] Dives into key stories of the week; Apple’s share split and Vanguard Investor’s trading practices. [0:09:13] Answering a listener question about why central banks care about deflation. [0:11:13] Introducing this episode’s portfolio topic; should you invest in gold? [0:13:52] An overview of the arguments for and against investing in gold. [0:15:05] How gold’s value derives from its scarcity, malleability, and symbolism. [0:15:46] Gold’s value as an industrial and collectible commodity and pricing in the ‘emotional dividend’. [0:17:18] Where the demand for gold comes from — it increases with its price. [0:20:00] The concept of the golden constant and how gold maintains its value in real terms. [0:21:23] Drawing conclusions about the value and portfolio benefits of gold from the 2013 paper, ‘The Golden Dilemma’. [0:22:31] How gold has performed in periods of hyperinflation. [0:28:19] Further unpacking the idea of a golden constant and the expectation of receiving zero return. [0:32:00] Summarising why investors are attracted to gold; it’s tangible and scarce. [0:34:50] Speculation around asteroid and ocean mining in the far future and how this might impact gold prices. [0:36:01] How central banks off-loading their gold reserves will affect the gold price. [0:38:30] Why gold returns look so good at the moment and why this can’t be trusted. [0:40:03] The paper, ‘The Long-term Returns to Durable Assets’, conclusions about the gold’s pricing. [0:41:00] Why John C. Bogle invested 5% of his portfolio in gold and why it’s not necessarily a good idea. [0:42:01] Answering why central banks hold gold in the first place. [0:43:23] Exploring Assuris — an organization protecting Canadians when their life insurance policies fail. [0:47:40] Which account to draw from when buying a home when you have equal amounts in your TFSA and RSP accounts. [0:52:30] Bad financial advice for the week; PWL Capital versus funds chosen by a big bank. [0:55:02] The importance of understanding the decision-making behind developing your portfolio. [1:04:35]

Alex is a multifamily investor and commercial real estate sales agent based out of Kansas City. Using creative strategies, Alex has gone from 0 to 11 MF units in only 18 months without using any of his own money. He's now here to share with us how you can also find similar investment opportunities and use creative financing techniques to minimize our cash in your deals. Topics Covered Using home equity line of credit to get started Proximity rules for finding the best locations Understanding personal loans for real estate Giving yourself several options Nuggets of Wealth What is a good tool, source, or platform that you use almost daIly that can also help others? LinkedIn Which book are you currently reading and which one has had the biggest impact on your life? The E-Myth Revisited by Michael Gerber. Am I Being Too Subtle by Sam Zell Do you have any rules for success that you live by? Persistence in Life At the end of your life, how do you want to be remembered? Hardworking, Honesty, Trustworthy Where can CTW Nation go to contact you or find out more about Clemons Real Estate? LinkedIn Alex@clemonsrealestate.com 

If you're going to succeed in the real estate business, or any business really, then you're going to have to study. Hear our review of Sam Zell's book "Am I Being Too Subtle?" to learn more about real estate!

On this episode we do a book review from one of our favorite books written by Sam Zell, Am I Being Too Subtle?  Sam Zell is known for being one of the largest multi-family investors in the country along with contributing to starting the REIT so that small, individual investors could be involved in larger multi-family and commercial properties. We go through some key takeaways each of us got after reading this book, how Sam manages his team, partnerships and relationships along with how this book is so relatable to each of our real estate businesses (just on a much larger scale)...  You will not wanna miss this book review.  Tune in now! 

Today we discuss the book Am I Being Too Subtle by Sam Zell and his life experience from having his family nearly avoid the holocaust in Poland to becoming a billionaire in real estate in the US. Audible: We’ve partnered with Audible, an Amazon company to get you guys a FREE audio of your choice, […]

Today we discuss the book Am I Being Too Subtle by Sam Zell and his life experience from having his family nearly avoid the holocaust in Poland to becoming a billionaire in real estate in the US. Audible: We’ve partnered with Audible, an Amazon company to get you guys a FREE audio of your choice, […]

How does one get into consulting? Learn about the job and the hows of it from a real and successful consultant, Michael Zipursky.   Michael Zipursky is the CEO of Consulting Success. He's advised organizations like Financial Times, Dow Jones, RBC, Omron, Sumitomo, and helped Panasonic launch new products into global markets. Still, more importantly, he's helped over 370 consultants from around the world in over 50 industries add six and seven figures to their annual revenues. He is one of the world's top authorities on growing a consulting business.   His work has been featured in MarketingProfs, Institute of Management Consultants, Fox Business, Chartered Management Institute, Duct Tape Marketing, and Conscious Millionaire. He is the author of 5 books on consulting and business growth, his most recent the Amazon Bestseller The Elite Consulting Mind.   Michael helps consultants attract more clients, increase their fees, win more proposals, and grow their business.   In this episode, Michael and I talked about the Four Models of Consulting and the right path to take as a consulting beginner. He also gave excellent tips on how to jumpstart your career and how to increase your pricing! Tune in!   Episode Highlights:   ●       Consulting: Definition and What People Should Think About It  [2:55] ●       Who Hires Consultants, and Why? [5:15] ●       Story Behind Consulting Success  [8:15] ●       The Consulting Success System [11:35] ●       Four Models of Consulting [15:30] ●       Tips for Consulting Beginners [19:45] ●       A Peek on The Elite Consulting Mind [21:52] ●       Book Recommendations [34:25]     AND MUCH MORE!   Resources Mentioned In This Episode: ●       If you are a future or aspiring business leader who wants to achieve the next level of success in your profession, get started by getting my FREE video short course: The Secret to Unleashing Your Top 1 Percent. ●       Get to know more about Michael Zipursky and everything about consulting through his website: consultingsuccess.com ●       Learn how to land more clients, increase your fees and win more proposals with this free 47-page Consulting Blueprint ●       Are you an Early-Stage Consultant? Check out the Momentum Course, where you can find over 51 straight to the point consulting video training and more! ●       Consulting Success offers the Clarity Coaching ProgramTM, a proven coaching program and framework for consultants to develop an optimized business model with clear messaging, premium fees, and a marketing system that generates ideal clients. ●       Michael hosts The Consulting Success Podcast, where you’ll find interviews with high-performing successful consultants about proven principles, strategies, and mindsets to attract clients, increase your income, scale your consulting business and live a life of true freedom and meaningful success. ●       Connect with Michael: o   Facebook o   Twitter o   LinkedIn   ●       Michael’s Books: o   Consulting Success o   The Elite Consulting Mind o   Profitable Relations ●       Book Recommendations: o   Straight-Line Leadership by Dusan Djukich o   Rebirth by Kamal Ravikant o   Am I Being Too Subtle? by Sam Zell o   The Snowball: Warren Buffett and the Business of Life by Alice Schroeder o   Eat Their Lunch by Anthony Iannarino o   Flip the Script by Oren Klaff o   This is Marketing by Seth Godin o   Linchpin by Seth Godin   Quotes:   “Consulting is providing advice and expertise to add value to another person’s or organization’s goals and problems.” “Complexity doesn’t scale well. Complexity just creates a lot of complexity.” “There’s a lot more room in the world for simplicity.” “Around pricing, usually, what holds most people back is not the lack of skill. It’s simply a belief that they can’t increase their prices, or if they do, they might lose business.” “The idea is you want to figure out a win-win where your client is going to have  a significant return on their investment, and you get rewarded and compensated very well for that solution, expertise, and guidance to the table.” “Most consultants are perfectionists. They delay taking actions because they want things to be just right.”     Ways to Subscribe to The Top One Percent:   Apple Podcast Stitcher PlayerFM Podtail

Our guest today is Frank Rolfe, founder of MobileHomeUniversity.com. Frank has been an investor in the mobile home park business for 23 years and is ranked the 5th largest mobile home park owner in the country.You may remember Frank from The Best Passive Income Model Podcast where he appeared twice on and once on an old Coffee Talk episode, but this is his first appearance on The Art of Passive Income podcast.Mobile homes are one of the most affordable housing options available. But because of their bad reputation, nobody wants them in their backyard so federal regulations were put into place… which is one of the reasons why they appeal to Frank.Listen in as Frank talks about the early days and how billboards led him to purchase his first park, Glenhaven, on an impulse buy. That park was losing 2k a month, but Frank saw an opportunity.The guys take a deep look at:Government regulations and supply & demandThe key to the industryMismanagement and seller financingThe deal makers and the deal breakersThen, Frank breaks down a typical acquisition and talks about the fact that the mobile home industry is the only real estate sector that doesn't get subsidies.Frank also addresses the controversy behind the Oliver North rant which had called him out, and so much more on today's episode of The Art of Passive Income!TIP OF THE WEEKMark: Learn more about Frank Rolfe and how you can create wealth in Mobile Home Park Investing at MobileHomeUniversity.com.Scott: If you can find it, check out the book, The Man Who Bought the Waldorf; the Life of Conrad N. Hilton by Thomas Ewing Dabney.Frank: Check out the book by Sam Zell called, Am I Being Too Subtle?Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

When the traditional ways of building wealth wasn't working for our two guests, they left Wall Street in the rear view mirror and never looked back. Joining us today are Joey Mure and Russ Morgan of WealthWithoutWallstreet.com to talk about building wealth outside of Wall Street.  Russ & Joey help clients look outside of the traditional 401(k) box and the stock market at other options to build wealth, such as: Insurance Real estate Business investing Lending Or, other streams that are a better fit for their clients. But don't expect them to do all the work for you, they believe that you should be an active participant in building your own wealth and by taking control of your own finances it will lead to greater prosperity and less stress. Listen in as Russ & Joey answer these whys: Why 15 year mortgages and tax deferrals are both bad ideas Why mutual fund investing is one of the worst things people can do with their money Why diversification is a lie You need to invest in the one thing that you understand; if it's real estate go all in, if it's business go all in, if it's commodities or paper assets go all in but you better be active and you better know what's going to happen and be able to control it. Because at the end of the day if everything hits the fan I want to be in the position where at least I knew I was the one who lost it and I was in control making it back versus looking up like I was in 2008, 2009 palms up saying what just happened? Listen in for all the details and get ready to take control of your money and start building wealth on your terms! TIP OF THE WEEK Scott: Check out the book, Am I Being Too Subtle? by Sam Zell. Joey & Russ: It's not all about income, it's about how much we keep and one of our biggest expenses is taxes. Go to FreeTaxCall.WealthWithoutWallStreet.com to learn how to use legal tax codes that could save you 30-50% of what you're paying out. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.   Key Takeaways: [1:05] Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capital. [4:15] In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the game. [6:20] Sam believes in globalization and has increased his international investments over the years. [7:20] However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxes. [10:40] How was Sam able to grow his business to the next level? [11:40] Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’ [12:05] What is Sam’s hiring process? [14:10] Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than others. [15:10] You cannot be successful without giving to others. [16:55] Jefferson lists nine of Sam’s philosophy principles for success. [25:45] Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Samzellbook.com

Welcome to Episode 111 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In this last and final installment, Jefferson wraps up his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series. Key Takeaways: [1:05] Sam noticed that young people were delaying marriage in the early 2000’s and staying in ‘24-hour cities.’ So, he redistributed his capital. [4:15] In 2006, Sam bought the Chicago Tribune newspaper and gave his staff skin in the game. [6:20] Sam believes in globalization and has increased his international investments over the years. [7:20] However, Sam is not a fan of Europe due to too many pensioners, which he predicts would mean for higher taxes. [10:40] How was Sam able to grow his business to the next level? [11:40] Sam doesn’t want to be treated like a boss and he makes sure he is not surrounded by ‘yes men.’ [12:05] What is Sam’s hiring process? [14:10] Can entrepreneurship be taught? Sam believes that people have an entrepreneurial gene and that it’s stronger in some than others. [15:10] You cannot be successful without giving to others. [16:55] Jefferson lists nine of Sam’s philosophy principles for success. [25:45] Jefferson recommends the book! If you happen to know Sam, Jefferson would love to interview him.   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Samzellbook.com

Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.   Key Takeaways: [1:40] Sam recognized there was an unfilled demand in secondary and tertiary markets. [2:45] At 24 years old, Sam had already made a million dollars in today’s money. [3:30] Sam applied to 43 law firms and got rejected at all of them. He had no idea why! [6:15] Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firm. [7:40] Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentor. [11:05] For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretary. [14:10] Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estate. [23:15] In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crash. [26:45] How did Sam discover mobile home parks? [30:15] In 2005, Sam and his company began to diversity in RV parks. [31:45] Stay tuned for part 3!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Samzellbook.com  

Welcome to Episode 110 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In part 2, Jefferson continues his book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read Sam’s book for his real estate and mobile home knowledge and shares what he has learned in this 3-part series.   Key Takeaways: [1:40] Sam recognized there was an unfilled demand in secondary and tertiary markets. [2:45] At 24 years old, Sam had already made a million dollars in today’s money. [3:30] Sam applied to 43 law firms and got rejected at all of them. He had no idea why! [6:15] Just off of referrals alone, Sam was making 3x what junior partners were making at a small law firm. [7:40] Sam met billionaire real estate mogul, Jay Pritzker and Jay would later become his mentor. [11:05] For the first 10 years of business, Sam had a relatively small team and he split profits with everyone, including the secretary. [14:10] Sam predicted there would be a real estate crash due to how easy it was to lend money in commercial real estate. [23:15] In the late 80’s, Sam warned that there were structural changes happening in the real estate market and predicted another crash. [26:45] How did Sam discover mobile home parks? [30:15] In 2005, Sam and his company began to diversity in RV parks. [31:45] Stay tuned for part 3!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Samzellbook.com

Welcome to Episode 108 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series.   Key Takeaways: [2:40] Jefferson shares why he decided to read Sam’s book. [5:20] Sam basically invented business casual back in the 1970s and wore jeans to work. [6:00] Jefferson explains the types of investments Sam has made over the years. [8:25] Sam has lived through several real estate crises. [11:20] A bit of background about Sam and his family. [15:00] Sam has issues with being called ‘self-made’ [17:25] How did Sam get in real estate? [21:50] Sam became a homeowner for the first time in 1965 at 24 years of age. [26:25] Jefferson shares Sam’s thoughts on persistence. [29:45] Ask the right questions to get the deal done. [31:50] Find out more next week!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Email: andrew@keelteam.com Samzellbook.com

Welcome to Episode 109 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. In a first ever for this podcast, Jefferson does a book report on Am I Being Too Subtle? by Sam Zell. Sam has made over a billion dollars in smart investments in industries such as real estate, energy, manufacturing, healthcare, and more. Jefferson was curious to read his book for Sam’s real estate and mobile home knowledge and shares what he has learned in a 3-part series.   Key Takeaways: [2:40] Jefferson shares why he decided to read Sam’s book. [5:20] Sam basically invented business casual back in the 1970s and wore jeans to work. [6:00] Jefferson explains the types of investments Sam has made over the years. [8:25] Sam has lived through several real estate crises. [11:20] A bit of background about Sam and his family. [15:00] Sam has issues with being called ‘self-made’ [17:25] How did Sam get in real estate? [21:50] Sam became a homeowner for the first time in 1965 at 24 years of age. [26:25] Jefferson shares Sam’s thoughts on persistence. [29:45] Ask the right questions to get the deal done. [31:50] Find out more next week!   Mentioned in This Episode: Park Street Partners Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to Deals@parkstreetpartners.com Email: andrew@keelteam.com Samzellbook.com

On today's show, we discuss the book "Am I Being Too Subtle?" by billionaire Sam Zell.Sam has been called "The Grave Dancer," and on this podcast, you will learn how he has earned that nickname, and why it's a compliment to his business savvy.You will hear the five big takeaways that Traian and I got […]