How Ryan Pineda Built Multiple 8-Figure Businesses (While Raising A Young Family) (VAULT)
May 30, 2024
auto_awesome
Real estate industry expert Ryan Pineda shares his journey from flipping houses to building multiple 8-figure businesses. He discusses the importance of strategic planning, real estate investment strategies for long-term wealth, and embracing continuous growth. Pineda also delves into transitioning to social media for scalable success and the significance of mentorship in rejecting traditional retirement notions.
Consistent skill development in real estate, media, and education leads to financial independence.
Balancing personal and professional goals with family responsibilities requires strategic adjustments.
Embracing constraints enhances innovation and efficiency in business endeavors.
Deep dives
The Importance of Setting Clear Goals and Following a Path
Continuing on a consistent path of skills development and application in real estate, media, and education can lead to significant achievements like financial independence and success. Emphasizing the focus on skill improvement and continuity in various ventures rather than aiming for specific goals such as becoming a billionaire shows the potential for remarkable outcomes.
Navigating Changes in Life Priority and Balancing Responsibilities
Experiencing shifts in priorities as life progresses, especially with the introduction of family, requires strategic adjustments in pursuing personal and professional goals. Adapting to newfound responsibilities like providing for a family while managing work commitments highlights the importance of balancing various aspects of life to maintain fulfillment and success.
Embracing Constraints for Innovation and Efficiency in Work and Life
Optimizing productivity, decision-making, and time management by embracing constraints leads to enhanced innovation and efficiency. Understanding that constraints can foster creativity and problem-solving abilities in business endeavors challenges the notion of constant hustle and long work hours as the only path to success, emphasizing the value of working smarter rather than harder.
Building a Strong Organizational Structure with Skilled Operators and Efficient Systems
Building a successful business empire requires prioritizing hiring competent operators, establishing robust organizational structures, and fostering efficient team dynamics. Empowering key individuals to lead operations and assemble effective teams contributes to sustainable growth and scalability while promoting a healthy work culture that values productivity and work-life balance.
The Make, Manage, Multiply Philosophy
The speaker introduces the 'make, manage, multiply' framework as a guide for financial success. In the 'make' stage, individuals need to focus on generating income, whether through real estate, starting a business, or other avenues. Once achieving a level of income, the 'manage' stage entails learning how to build and manage a successful business, including hiring, accountability, and culture. The final 'multiply' stage involves expanding income through reinvestment, new ventures, or property investments.
Building Skills and Active Income First
The importance of developing valuable skills and increasing active income before delving into passive investments like real estate is highlighted. Emphasis is placed on prioritizing skill development to boost income potential, rather than rushing into property investments without the necessary financial foundation. The speaker shares personal experiences of skill development across various industries, illustrating the significance of continuous learning and skill diversification in achieving long-term financial growth.
Ryan Pineda (posted AUG 2023) has been in the real estate industry since 2010. In 2015 with only $10,000 in the bank, he began flipping houses. Since then he has flipped hundreds of homes, purchased hundreds of rentals, and opened other multi million dollar businesses. He has amassed over a million followers on social media where he teaches others how to build wealth and freedom.
Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses? 👔🏝️ Schedule A Free 15 Minute Coaching Call With Our Team Here To Get "Unstuck"
