Ryan Pineda, founder of multiple successful businesses and a real estate investor, discusses his journey from baseball player to flipping furniture and investing in real estate. He emphasizes the importance of consistency on social media, balancing work and personal life, and understanding wealth beyond money. He also shares the impact of his father's parenting on his own fatherhood, the challenges of raising a child with health issues, and his charitable cause, Homes for Hope. Check out the podcast for more on achieving financial success and creating a better life.
Taking risks and not being afraid of failure is crucial for personal growth and avoiding regret.
Having unwavering support and belief from a partner is transformative during an entrepreneurial journey.
Becoming a parent provides a newfound understanding of love, responsibility, and the parallels of a relationship with God.
To achieve financial success, choose a passion, make big money, transition to management, and then multiply the business or invest in other ventures.
Deep dives
The Journey of a Gun Slinger
The speaker emphasizes the importance of taking risks and not being afraid of failure. They believe that the regret of not trying something big outweighs any potential negative outcomes.
The Supportive Partner
The speaker discusses the unwavering support and belief in them shown by their partner throughout their entrepreneurial journey and various ventures.
The Lessons from Parenthood
The speaker shares their experiences as a parent, highlighting the immense love and sense of responsibility they feel towards their children. They reflect on the impact of their own father's influence and the parallels it has with their relationship with God.
The Perspective Shift
Becoming a parent has provided the speaker with a newfound understanding of God's love and the importance of allowing their children to make their own choices. It has also made them appreciate the sacrifices made by God and Jesus for humanity.
Advice for Starting a Business
When starting a business, it is important to choose something that you are passionate about and think could be a good fit for you. The goal is to figure out how to make big chunks of money to get rich. It is recommended to focus on one thing and make $250,000 in that area. Once you have achieved that, you can move on to the management stage where you build a seven-figure business and learn to hire and manage employees. The final stage is the multiplication stage, where you have a business that generates cash and you can either reinvest in the business to grow it further or start investing in other ventures.
The Importance of Consistency in Social Media
Consistency is the key to social media success. It is important to consistently create and release content to build a following and gain attention. Monetizing social media requires entrepreneurial skills, as getting attention is a skill while monetizing it is another skill. Many content creators struggle to monetize their platforms because they lack the business knowledge and skills. Combining content creation with strong entrepreneurial abilities is the ultimate advantage for success in social media.
The Impact of Gary Vaynerchuk and Grant Cardone
Two individuals who have made a significant impact on my life are Gary Vaynerchuk and Grant Cardone. Gary Vaynerchuk helped me realize the importance of consistency in building a business and inspired me to take social media seriously. Grant Cardone's 10X event opened my eyes to what is possible in business and made me strive for big goals. Both of these individuals have influenced my entrepreneurial mindset and helped me achieve success in various areas of my life.
Ryan Pineda is a serial entrepreneur, founder of 6 different 7-8 figure businesses, real estate investor (500 houses flipped!), and former professional baseball player. He is also the host of the Wealthy Way Podcast.
In this episode, Ryan discusses his journey from being released by the Oakland A's to finding success in real estate – all while prioritizing faith, fulfillment, and meaningful relationships over financial success.
He also speaks about:
Transitioning from broke minor league baseball player to "couch flipping" and real estate investing
Why he went all-in on TikTok and the importance of consistency in social media creation
Understanding wealth as more than just money
His 'Make, Manage, Multiply' framework for achieving financial success
Why he recommends house-flipping to jump-start your wealth building journey
The dangers of money "addiction" and its impact on other aspects of life
Continuously balancing work and personal life instead of chasing a mythical perfect work-life balance
Throwing epic birthday parties for his kid as a way to bless others with unique experiences
How Ryan's father raised him to be a present father himself, after experiencing neglect in his own childhood
How his priorities changed after his newborn son's health crises in his first year of life
The journey to achieving $100 million in revenue
Ryan’s charitable cause:
Homes for Hope, a Christian organization which partners with the building industry to break the cycle of poverty worldwide.
