What I Learned From Gary

Billionaire investor Andrew Wasserstrom is now worth more than $1 billion. He says he learned a lot from his father, who was vertically integrated in the real estate industry. His dad taught him to focus on one thing at a time and not dabble in other things. In this week's episode of "This Is Life with Lisa Ling," she talks about her new business venture: public storage.

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How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.

Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!

Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!

In This Episode We Cover:

The importance of early financial education and investing at a young age

How parents can cultivate the passions their kids possess

Puts and calls, stock trading, and how to invest like Warren Buffett

Apartment investing and how knowing your market can make you millions

How to find a mentor (even if you’re looking for a billionaire!)

Analysis paralysis, shiny object syndrome, and sticking to one strategy

Self-storage development and the details behind the deal

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Youtube Channel