In this conversation with Will Roundtree, a multiple 7-figure entrepreneur and best-selling author, the focus is on building sustainable wealth. He shares insights on shifting from hard work to generating passive income through asset creation. Will emphasizes the power of delegation and trust in entrepreneurship, encouraging listeners to reframe failures as learning opportunities. He also delves into strategic real estate investment tactics and the importance of mastering skills to attract high-paying clients, making wealth-building a lifelong journey.
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question_answer ANECDOTE
First Major Investment
Will Roundtree's first significant investment was a $1500 strategy call in 2014.
He put it on a credit card because he didn't have the cash, but knew the value would come.
insights INSIGHT
Change Your Thinking
Change how you think to become successful, not just how much you know about money.
Outdated money advice from parents, teachers, etc., requires a new perspective.
question_answer ANECDOTE
Tax Franchise Failure
Will Roundtree's first real estate investment was a tax franchise, which failed due to fraud.
He lost everything but learned a valuable lesson to focus on due diligence and a slow approach.
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First published in 1936, 'How to Win Friends and Influence People' by Dale Carnegie is a timeless guide to improving interpersonal skills. The book is divided into four main sections: Six Ways to Make People Like You, Twelve Ways to Win People to Your Way of Thinking, and Nine Ways to Change People Without Giving Offense or Arousing Resentment. Carnegie's principles emphasize the importance of genuine interest in others, active listening, and avoiding criticism and argument. The book offers practical advice on how to build strong relationships, communicate effectively, and influence others by aligning their self-interest with yours. It has been a cornerstone of personal development and business success for generations[2][3][5].
Do It!
Do It!
Scenarios of the Revolution
Jerry Rubin
Jerry Rubin's "Do It!" is a seminal text of the 1960s counterculture movement. It embodies the spirit of rebellion and nonconformity that characterized the era. Rubin advocates for a radical rejection of traditional societal norms and values, urging readers to embrace spontaneity, creativity, and direct action. The book reflects the anti-establishment sentiment and the desire for social change that fueled the counterculture. "Do It!" remains a significant historical document, offering insights into the ideals and aspirations of a generation that sought to challenge the status quo. Its provocative message continues to resonate with those who question authority and seek alternative ways of living.
The Richest Man in Babylon
George Clason
This book, written by George S. Clason, uses a series of parables to convey fundamental principles of personal finance and wealth accumulation. Published in 1926, it remains highly relevant today, offering practical advice on saving, investing, budgeting, and financial discipline. The parables are engaging and easy to understand, making complex financial concepts accessible to readers of all backgrounds. Key principles include paying yourself first, living within your means, and making money work for you through wise investments. Despite its historical setting, the book's core lessons are adaptable to modern financial practices and have had a profound impact on countless readers worldwide.
Rich Dad Poor Dad
What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not
C.P.A. Sharon L. Lechter
Robert Kiyosaki
The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].
Think and Grow Rich
Napoleon Hill
Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.
In this episode of The Dept. Omar talks with Will Roundtree on how to create and sustain true wealth. Will is an multiple 7-figure entrepreneur, business coach, real estate investor, and best selling author! He's helped over a dozen people become millionaires with the experience he's acquired. Will breaks it all down, on how he was able to trick himself into being getting rich. If you want to build wealth the right way! Don't miss this episode.
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