Real Estate Investing with Coach Carson

#331: David Greene was laughed at for doing this - until he became a Millionaire

Feb 19, 2024

Learn from David Greene's journey from restaurant gigs to real estate millions and his 3 Pillars of Building Wealth. Discover strategies for wealth-building, compare wealth to fitness, and explore personal motivation and skill development. Dive into real estate investing skills, financial offense and defense strategies, risk management, and long-term investing insights. Gain valuable advice on resilience, cash reserves, and continuous improvement for success in real estate.

54:11

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Episode guests

David Greene

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Episode notes

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Quick takeaways

Wealth building requires focusing on defense (saving), offense (acquiring money-making skills), and investing (strategically utilizing assets).

Personal connection to investments enhances accountability and engagement, leading to prudent investment decisions.

Balancing growth and risk management is crucial in scaling real estate portfolios for sustainable wealth growth.

Deep dives

Building Wealth Through Defense, Offense, and Investing

To build wealth effectively, individuals need to focus on three key pillars: defense, offense, and investing. Defense involves saving money and practicing self-control with finances, emphasizing the importance of budgeting and delayed gratification. On the other hand, offense emphasizes acquiring the necessary skills to make money, highlighting the value of bringing skills to the marketplace and honing expertise. Lastly, investing focuses on strategically utilizing capital and assets, with an emphasis on understanding the market dynamics to make informed investment decisions.

Introduction

2min

Unveiling the Deceptive Realities of Wealth Building

13min

Embracing Responsibility and Skill Development for Success

4min

Developing a Range of Real Estate Investing Skills for Success

2min

Financial Offense and Defense Strategies in Real Estate Investing

25min

Real Estate Investing Insights: Finding Deals, Risk Management, and Long-Term Strategy

5min

Building Resilience and Financial Stability in Real Estate Investing

7min

⭐ Join Rental Property Mastery, my coaching & learning community: http://coachcarson.com/rpm

🎙️ Episode #331 - David Greene from Bigger Pockets recaps his journey from restaurant gigs in college to real estate millions. Discover how his relentless work ethic translated into what he calls the "3 Pillars of Building Wealth."

📄Show Notes: https://www.coachcarson.com/davidgreene/

▶️ Next Video: How to Confidently Buy Your First Rental Property (10-Steps) https://youtu.be/Vl82XxjUiGA?si=4eBQi0HOFG1bWS8i

🎬 Timestamps:

0:00 - 4 Strategies to Wealth Building

1:34 - Comparing wealth to fitness

9:51 - David's motivation to work

14:11 - Building money-making skills

27:23 - David's evolution as an investor

37:44 - Risk Managing and Portfolio Building

48:08 - How the real estate game has changed

52:22 - How to connect with David

53:39 - Outro