On this anniversary episode, Brandon Turner discusses his abundance mindset, leaving BiggerPockets, and his vision for Open Door Capital. He shares his mission to become the 'Dave Ramsey of real estate', plans to give away $1 billion, and how he manages stress through faith. The conversation also covers his journey from a banking job to real estate investing, mistakes made as a young investor, and the books that have changed his life.
Attending real estate events can lead to significant growth and success through life-changing connections.
Investing in access to knowledgeable individuals through paid memberships can lead to valuable insights and experiences.
Hiring exceptional individuals is crucial for business growth and success.
Maintaining a peaceful mindset through faith can alleviate stress and provide calmness in challenging situations.
Deep dives
Investing in Relationships at Events
Attending real estate events can lead to life-changing connections and opportunities. Relationships built at these events can lead to significant growth and success. Networking with like-minded individuals can provide valuable insights and opportunities for collaboration.
The Value of Paying for Access and Skin in the Game
Investing in access to knowledgeable individuals through paid memberships or events can provide valuable insights and experiences. Having skin in the game and paying for access can lead to a higher level of commitment and engagement, enhancing the overall value gained from such opportunities.
The Significance of Hiring Exceptional People
Hiring exceptional individuals is one of the most valuable investments a business can make. Surrounding oneself with A players and individuals who bring value can lead to significant business growth and success. Continuous investment in hiring and developing exceptional talent is key to achieving long-term goals and success.
Maintaining a Peaceful Mindset and Spiritual Influence
Maintaining a peaceful and low-stress mindset can be influenced by one's spirituality and beliefs. Finding peace in faith and trusting a higher power can help alleviate stress and provide a sense of calmness in challenging situations. Upholding spiritual beliefs and seeking inner peace can contribute to overall well-being and resilience.
Personal Growth Through Challenges and Faith
Rebellion and questioning one's beliefs or upbringing can lead to personal growth and self-discovery. Embracing faith or spirituality can offer guidance and wisdom in navigating life's challenges. Accepting and integrating spiritual beliefs can lead to a deeper understanding of oneself and the world around them.
The Wisdom of Prioritizing Long-Term Growth Over Immediate Comfort
Choosing what is right over what is easy, even if it requires taking the more challenging path, can lead to a fulfilling and purposeful life. This advice emphasizes the importance of making decisions that align with one's values and principles, even when faced with obstacles or temptations for short-term gains.
Building a Legacy Rooted in Righteousness and Integrity
Striving to leave a legacy of righteousness where one consistently makes decisions based on ethical and moral principles can have a lasting impact on those around them. By prioritizing doing what is right over what is convenient, an individual can shape a reputation for integrity and sound judgment, fostering a positive influence on others.
Embracing Constraints to Prioritize Meaningful Connections and Values
Setting constraints, such as limiting time away from loved ones, can serve as a guiding principle to focus on what truly matters in life. By committing to spend quality time with family and creating enriching experiences, individuals can cultivate a sense of purpose and fulfillment, prioritizing relationships and personal well-being.
Brandon Turner is the founder of Open Door Capital and the BetterLife Tribe among other businesses. He controls 10,000 units worth $900 million and previously hosted the BiggerPockets Podcast.
In this episode marking the 1-year anniversary of the show, producer Alex Felice interviews Brandon about why he left BiggerPockets; his extreme abundance mindset and commitment to hiring teams; his vision for ODC and BetterLife; paying $50,000 for private coaching; and much more.
Brandon also talks about: - The banking job that convinced him he could never be an employee - The biggest mistakes he made as a young real estate investor - The moment he knew he needed to leave BiggerPockets and go out on his own - How he mitigated the risk of leaving a “comfortable” gig - The two things you should do before quitting your job - His mission to become the “Dave Ramsey of real estate” - How he plans to give away $1 billion, with a “B” - The books and people that have changed his life the most - His faith and how it him manage stress - Why success requires a certain amount of “brutalness”
Books Mentioned: - A Million Bucks by 30 by Alan Corey - ABCs of Real Estate Investing by Ken McElroy - Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Larry Loftis - The ONE Thing by Gary Keller and Jay Papasan - Red Rising by Pierce Brown
The BetterLife REI Summit May 3-5 in Denver, CO. The most actionable “how to” real estate event for new and experienced investors. Grab your tickets here: https://reisummit2024.com/
