When he was six, Rod Khleif and his family migrated from Holland and settled in Denver. They didn’t have much growing up. To put food on the table, his mother worked as a housemaid and did babysitting on the side. But his mom had an incredible work ethic and was a bit of an entrepreneur as well. With the money she earned from babysitting, she bought the house across the street from where they were living. Three years later, his mom was able to sell that house and make a $20,000 profit. He remembered his mom telling him that she made $20,000 in her sleep. This sparked his interest in real estate investing.

In his third year of being a real estate broker, he met a guy who taught him that up to 90% of our success in anything is our mindset and psychology.  This thought led him to 10x his income that year. In 2006, his net worth shot up to $17 million - while he slept.

But all that changed when the market crashed in 2008 when he lost a staggering $50 million. His net worth dropped by more than 70% and he felt he had to throw in the towel. This painful yet valuable lesson reminded him that the key to recovering from his losses was to work on his mindset.

Today, Rod Khleif is an accomplished entrepreneur, real estate investor, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. He is also the host of the top-ranked iTunes real estate podcast: The Lifetime Cash Flow Through Real Estate Investing where he advocates creating lifetime cash flow through multifamily properties.

Let’s hear from Rod as he shares his life’s journey and why real happiness cannot be achieved by having the life you always dreamed of but by giving back to those who truly need it.

Top Takeaways:

06:04 How Rod lost $50 million
06:55 What makes cash flow so important? 
10:18 The importance of failing your way to success
13:30 How being accountable for yourself helps you to move forward
15:32 Why you need to build cash flow other than real estate sales
16:56 Rod’s thoughts on Airbnb
22:24 The difference in investing in multi-family properties vs. single-family homes and other asset classes
24:50 How Tony Robbins influenced Rod
26:12 A step by step guide to Rod’s goal-setting strategy
32:07 The core emotion you need to get what you want in life
38:56 Why happiness comes from progress and growth 
39:01 The biggest lesson Rod wants to share with the audience

To know more about Rod Khleif: 

Visit his website: https://rodkhleif.com/
Listen to his podcast: Lifetime Cash Flow Through Real Estate Investing Rod Khleif
Join his Facebook Group: multifamilycommunity.com

You can also join his Multifamily Bootcamp which is happening from Dec 3rd to 5th, 2021.  To get a special discount, text multifamily to 72345 with the code: rodfriend