Diego Corzo, real estate investor and agent, shares his journey from immigrating to the US as a child to becoming a millionaire through real estate. Topics include: overcoming challenges as an undocumented immigrant, finding mentors, DACA legislation, achieving financial freedom through cash flow, and the power of personal development.
Surrounding oneself with like-minded individuals and seeking mentorship from successful people is crucial for personal and financial growth.
Investing in experiences and relationships, rather than material possessions, leads to a more fulfilling and meaningful life.
Deep dives
Success isn't money, it's time for you
Success is not defined by the amount of money you have, but by the freedom and flexibility of how you spend your time.
75% of millennials rent. They need to understand the power of being a homeowner because of these five things.
When you buy real estate, you gain equity through property appreciation, renters pay down your mortgage, you receive tax benefits, you can depreciate the assets, and you have the potential for cash flow.
Financial Freedom and the Power of Mentorship
In this podcast episode, the speaker shares their personal journey towards financial freedom. They highlight the importance of surrounding oneself with like-minded individuals and seeking mentorship from successful people. The speaker emphasizes the value of taking action and providing value to mentors in return. They discuss the impact of joining a community like GoBundance and the lessons they learned about investing in experiences rather than materialistic possessions. The podcast also explores the concept of achieving financial freedom through strategies like co-living and short-term rentals. Overall, the episode encourages listeners to pursue financial independence, develop a growth mindset, and prioritize meaningful connections.
Challenging Money Myths and Building a Bigger Life
Another key aspect of the episode is challenging common money myths. The speaker debunks the belief that all debt is bad and highlights the importance of learning how to leverage debt wisely. They emphasize the role of personal development in achieving success, citing quotes from Jim Rohn and their own experiences. The episode also delves into the concept of building a bigger life rather than a bigger lifestyle, focusing on investing in experiences and relationships rather than material possessions. Lastly, the speaker discusses their future plans, including their involvement with Fine Investors, a community aimed at helping others achieve financial independence, and their upcoming book and documentary projects. The episode concludes with the speaker sharing their legacy goal of being remembered as a connector who had a positive impact on others' lives.
Diego Corzo is a real estate investor and agent, entrepreneur, and advocate for undocumented immigrants who were brought to the U.S. as children.
In this episode, Diego shares his story of immigrating from Peru at age 9; overcoming a speech disorder; and seeking out successful mentors who helped him become a millionaire through real estate and business before the age of 30.
He also talk about: - What life was like Peru and in the weeks and months after he arrived in Florida on a tourist visa - Creating his own scholarship and selling study guides to pay his way through college - Practical tips for finding and keeping mentors, including the "book report video" trick - Riding a bike to and from jobs because he couldn't get a driver's license - Speaking in front of Congress and visiting the White House to discuss DACA legislation - His thoughts on a path to citizenship for DREAMers who arrived in this country as children - How he became a successful realtor by apprenticing under a mentor - How he became the first non-millionaire in Gobundance, the mastermind for "healthy, wealthy, generous men" - Buying a "2% rule" rental house without immigration papers at age 23 - How he used money partners and "unfair advantages" to buy investment property - His experience with rent-by-the-room and Airbnb - Prioritizing experiences over material belongings and the value of organizing unforgettable 1:1 trips with your parents - His own mastermind, The FI Investors, which talks about not only how to achieve financial independence but what comes next
Diego's Charitable Cause: - Immigrants Rising, an organization that provides financial, mental health, and career pathing resources to undocumented students
Sponsor: BetterLife Real Estate Funding (REF), which provides Hard Money, DSCR, Conventional, and Portfolio loans specifically tailored to real estate investors' unique needs
