Brutally Honest Advice On Building Wealth (It's not what you expect...)

"I started investing in real estate because I started reading books on investing and every Business book that I read said that wealthy people invested in real estate and this was after the 2008 crash when real estate prices were Rock Bottom so you could find real estate for pennies on the dollar"

"the way the real estate wholesaling Works in a nutshell is you enter into a contract to buy a home let's just say the home is worth $100,000 but the homeowner can't sell it for whatever reason so you enter into a contract to buy it for $85,000 but they can still try to sell it you're just trying to be their backup option and in the meantime what you do now is once you get this home under contract for $85,000 you now try to find a buyer for $95,000"

"we found an authorized reseller out of China that we could sell these battery packs for they would retail for around $99 we were buying them for I think around 20 bucks so we had quite a bit of margin so what we did was we bought them for around $20 and then we started selling them for around 50 bucks"

"I sit back down and I was like oh that's kind of a cool idea and I wonder if this exists and then I start to learn about the difference between waterproof socks and water resistant socks because if a sock is waterproof it's not breathable but you could create these water resistant socks and all the water resistant socks out there were really bulky and not very comfortable so I was like H maybe this creates an opportunity"

"our first month we were hoping to do $10,000 in sales we ended up doing a little bit over $21,000 in sales and we were started to get in stores and some boutique stores we were in random stores in the United States and the United Kingdom and we were selling in online on our e-commerce store"

"minority mindset probably had 100,000 or so subscribers and it wasn't really making that much money it was more of just a hobby for me"

"Market briefs which then birthed briefs media today so Market briefs is a free financial newsletter that we publish and briefs media is a parent company for that"

"I started reading books like Rob Rich Dad Poor Dad by Robert kosaki and a few others Dave Ramsey Total Money Makeover and all these other books about real estate investing talking about how all wealthy people invest in real estate Well I don't know what that meant but if I that wealthy people invest in real estate I wanted to do the same thing because I wanted to figure out what the heck this wealth was because I've never seen this or heard of this before"

"I find this condo on sale for 8,400 bucks and I ended up buying it for $88,000 after putting in a few thousand dollars for of work I rented it out for $600 a month"

"the insurance company settles for $144,000 and the tenants don't make a penny because their attorney fees were even more than that"

"that was the only deal to date that I lost money on in real estate"

"I was investing in stocks and I'm seeing how these things work and I had never learned about this before"