094: Clayton Morris – What Is Your Freedom Number? A Crash Course In Real Estate Investing

Feb 1, 2016

Clayton Morris, former Fox News Channel co-host and real estate expert, dives deep into the essential steps to financial independence via real estate investing. He introduces the concept of a 'freedom number,' a calculation vital for assessing monthly expenses and achieving financial security. The conversation highlights the benefits of investing in affordable properties, especially in markets like Indianapolis, and emphasizes the importance of hiring property management companies to ease rental challenges. With insights on community and mentorship, Clayton shares actionable tips for aspiring investors.

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ANECDOTE

Embracing Failure and Persistence

Clayton Morris teaches his son to embrace failure as a path to improvement.
High achievers he knows never take no for an answer and find ways around obstacles.

INSIGHT

Focus During Power Hours

Focus on your most productive hours to maximize output.
Minimize distractions by blocking out time and eliminating interruptions during your power hour.

ADVICE

Use GTD for Focused Productivity

Use the Getting Things Done method to organize tasks by capturing and processing everything.
Schedule your key projects during your power hours for focused progress.

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The Art of Money Getting

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P.T. Barnum

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].

The One Thing

The Surprisingly Simple Truth Behind Extraordinary Results

Jay Papasan

Gary Keller

The book discusses the benefits of prioritizing a single task and provides strategies for overcoming distractions, building productive habits, and maintaining focus. It challenges common productivity myths such as multitasking and the idea of a balanced life, and introduces the 'Focusing Question': 'What's the ONE Thing I can do such that by doing it everything else will be easier or unnecessary?' The authors also discuss time blocking, habit-building, and aligning short-term actions with long-term goals to achieve success in various aspects of life[1][3][5].

The millionaire real estate investor

Gary Keller

Jay Papasan

Dave Jenks

The Millionaire Real Estate Investor offers practical strategies and insights from over 100 millionaire investors, focusing on key principles like net worth, financial models, and the importance of mindset in achieving financial success through real estate. It provides a structured approach to identifying investment opportunities, managing finances, and building a network of professionals.

Getting Things Done

David Allen

Getting Things Done (GTD) is a personal productivity system developed by David Allen. The book provides a detailed methodology for managing tasks, projects, and information, emphasizing the importance of capturing all tasks and ideas, clarifying their meaning, organizing them into actionable lists, reviewing the system regularly, and engaging in the tasks. The GTD method is designed to reduce stress and increase productivity by externalizing tasks and using a trusted system to manage them. The book is divided into three parts, covering the overview of the system, its implementation, and the deeper benefits of integrating GTD into one's work and life[2][3][5].

The Power of Habit

Why We Do What We Do in Life and Business

Charles Duhigg

In this book, Charles Duhigg explores the science of habit formation and change. He explains the 'habit loop' consisting of a cue, a routine, and a reward, and how understanding this loop can help in changing bad habits or forming good ones. The book includes numerous examples from various fields, such as how Procter & Gamble successfully marketed Febreze, how Alcoa transformed its business by focusing on safety, and how individuals like Olympic swimmer Michael Phelps and civil-rights hero Martin Luther King, Jr. benefited from specific habits. Duhigg argues that by harnessing this science, individuals and organizations can transform their lives and businesses[2][4][5].

Episode 094: Clayton Morris – What Is Your Freedom Number? A Crash Course In Real Estate Investing

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Clayton Morris is a dynamic leader who has experienced immense success in multiple life categories. He is an extremely well prepared and polished TV host on Fox News and he has a very successful real estate investing business. I loved having him on the show. In fact, I expected to spend the majority of our time speaking about the TV business and his rapid ascent in it. However, this one took a hard turn towards learning about real estate investing. It fascinates me. I loved learning more about this from Clayton.

Clayton Morris joined FOX News Channel (FNC) in 2008 and is the co-host of FOX & Friends Weekend. He also serves as a co-host for "FOX & Friends First." Presented weekdays at 5 AM/ET, the program is an hour-long expansion of "FOX & Friends" and is anchored by a pair of rotating hosts. He’s also spends a great deal of time helping others learn more about investing in real estate. He blogs about real estate investing tips at ClaytonMorris.com

Episode 094: Clayton Morris – What Is Your Freedom Number? A Crash Course In Real Estate Investing

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The Learning Leader Show

“Focus on one thing. Know when Your power hour is. What time of the day do you perform your best? Do your most important work at that time.”

In This Episode, You Will Learn:

Understanding failure and how to bounce back are the qualities of people who have achieved high levels of success
The persistence of Bill O’Reilly and why he continues to be #1
Focusing on one thing and doing that great
Steve Jobs and Elon Musk – Is that the model for success?
Knowing your “pour hour” – When are you at your best?
Having a vision and the power of that vision to drive you
GTD – Getting Things Done
Charles Duhigg’s The Power Of Habit
Turn Key Real Estate Investing
How Stand Up Comedy can help all of us
Go to www.ClaytonMorris.com/Freedom
What is your freedom number? How to identify it
Doing the opposite of what Dave Ramsey recommends and why it works
What do you do when your real estate investment goes bad?
Read: The Millionaire Real Estate Investor

“Buy a million, own a million, cash-flow a million.”

Continue Learning:

Go To Clayton’s website: ClaytonMorris.com
Read: Getting Things Done by David Allen
See why over 90,000 people follow Clayton on Twitter: @ClaytonMorris