365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading through Extreme Ownership (+ His Real Estate Investing Tips!)

Jan 16, 2020

Ret. Navy SEAL Jocko Willink shares his mindset on embracing discomfort and leading through extreme ownership. He discusses how to apply this mindset to business and real estate investing. Jocko also shares his experiences as a real estate investor, including buying a hoarder house and making sacrifices for financial freedom. Get ready to overcome obstacles and greet your fears head-on with the word 'good'.

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Introduction

00:00 • 2min

Introduction to Extreme Ownership

02:14 • 4min

Embracing Discomfort

06:20 • 23min

Extreme Ownership and the Power of Taking Ownership

29:06 • 18min

Taking Ownership in Real Estate Investing

47:17 • 9min

Embracing Discomfort and Taking Ownership

55:59 • 17min

Motivation and Lessons for Kids

01:12:53 • 10min

Real Estate Books, Leadership, and Hobbies

01:22:28 • 4min

Overcoming Fear and Starting Jiu Jitsu

01:26:07 • 5min

Expressing Gratitude for Jocko's Impact and Promoting Beta Membership

01:31:02 • 3min

Decorated Navy SEAL commander. Author. Podcaster. And house hacker?!

Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date.

You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too.

Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD!

Actually, great!

Now you can learn something about yourself. You can get tougher. You can improve.

That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win.

Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom.

You'll also love getting to know Jocko the real estate investor!

From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary.

Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good."

In This Episode We Cover:

What “extreme ownership” is and how it applies to real estate investing
Fixing up creepy, run-down houses in Southern California in his 20s
Why Jocko recommends house hacking for men and women in the military
How joining the Navy gave him purpose
His approach to Navy SEAL BUD/S training
The lessons he learned from the Great Recession—even though it didn’t personally affect his finances
Avoiding "lifestyle creep"
Considering the worst case scenario before taking risks
How to harness your ego for good
What he says when people push back against the idea of extreme ownership
Why he writes books for kids (and why some adults like those books best)
And SO much more!

Links from the Show

Click here to check the full notes: http://biggerpockets.com/show365

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