Financial Freedom with Real Estate Investing MB285: Success Starts with Purpose – With David Osborn
The most successful people are also the most purposeful. They create a vision for the future and take steps to get a little better every day.
They take the time to ask: Is my life working for me? If not, how would I like it to look different?
David Osborn is the principal owner of the sixth largest real estate company in the US with 4,500-plus agents and $11B in annual sales. David also runs a real estate investing private equity firm and operates 35 other profitable real estate related businesses in the US and Canada. He is well-known for being one of the cofounders of GoBundance, a community of healthy, wealthy, generous men who choose to lead EPIC lives.
On this episode of Financial Freedom with Real Estate Investing, David joins cohost Garrett Lynch and me to explain his tagline, ‘Who you become on your journey is far more important than what you achieve.’ He offers insight on the value of connecting with the right people and growing into the best version of yourself. Listen in to understand why David’s definition of wealth involves more than just money and find out how the most successful people get clear on where they’re going and walk in purpose.
Key TakeawaysHow David became a real estate investor
- Got start as agent, opened KW franchises in TX, NM
- All-in on investing in 2011 but ran out of own capital
- Mission to meet wealthy people and raise money
- Establish fund to invest in single family rentals
What investments David is bullish on right now
- Dwelling spaces and rentals (single and multifamily)
- Real estate in Sunbelt states with fewer regulations
Why who you become is more important than what you achieve
- Controlling every decision makes you the bottleneck
- Leadership means delegating trust (world gets bigger)
- External world = reflection of who you are as human
The areas of his life David is working on right now
- More present with wife and children
- Working with coach on conscious leadership
- Meditate on regular basis
- Health including workouts
- Learning (40 books/year and podcasts)
How David thinks about finding work-life balance
- Worked 12-hour days to achieve financial freedom
- Work smarter now, better relationships at home
David’s well-rounded definition of wealth
- More than just money and financial freedom
- Being good human, finding ways to contribute
- Having adventures and being well-learned
Why it’s crucial to surround yourself with the right people
- Genius of humans = sharing and connectivity
- Find peers who push and inspire you to get better
The GoBundance origin story
- Accountability partners with Pat Hiban, Tim Rhode
- Invite others to join in bucket-list adventures
- Growth comes from authenticity and transparency
David’s top lessons learned as an entrepreneur
- Know where you’re going (purposeful vision for life)
- Invest in marriage and make time for kids
Connect with David Osborn Resources
Be a Part of Michael’s Deal Maker Mastermind
Join the Nighthawk Equity Investor Club
Conscious Loving: The Journey to Co-Commitment by Gay & Kathlyn Hendricks
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness by Eric Jorgenson
Lifespan: Why We Age—and Why We Don’t Have To by David A. Sinclair
Black Belt of the Mind by Fred Grosse
Scott Harrison of Charity Water
Tribe of Millionaires: What If One Choice Could Change Everything? by David Osborn & Pat Hiban