Join Pace Morby and author of One Rental at a Time Michael Zuber in this eye-opening conversation as they dive deep into the process of building a real estate portfolio for those who still work a full-time job. This video is a goldmine for anyone looking to understand the importance of consistency, patience, and mindset in building a successful real estate portfolio.
Pace and Michael emphasize the power of consistent effort over time, showcasing how small, steady actions can lead to significant growth. They share their personal experiences and highlight the value of real-life lessons in achieving long-term success. The discussion revolves around the three-step process to wealth: creating disposable income, becoming elite at a specific skill, and giving it time to compound.
The video underscores the importance of viewing your job as a learning foundation and the positive impact of attitude and gratitude in the workplace. Pace and Michael stress the need to understand and grow your disposable income to make smarter investments in real estate.
Living on cash flow and the value of purposeful discretionary income are also key points in their conversation. They talk about the importance of delayed gratification and the difference between building real wealth and simply flashing wealth. With a focus on skill development, they explain the power of compounding skills and the importance of tracking properties and building strong relationships within the industry.
As they wrap up, Pace and Michael debunk the myth of shortcuts in real estate investing, emphasizing the value of slow, smooth progress in achieving lasting success. This video is a must-watch for new and experienced real estate investors who are thinking of quitting their W-2 to jump full time into real estate. You might want to rethink that choice.
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Chapters:
0:00 - Intro
1:48 - Having Patience in Real Estate
8:51 - Starting Small in Real Estate
14:11 - Use Your W-2 to Your Advantage
17:30 - Being Gracious
22:53 - For Those Who Dislike Their Job…
25:14 - Disposable Income
31:10 - Money Management
40:52 - When Did You “Make It?”
42:22 - Where Do I Start in Real Estate?
46:40 - Tracking Progress
48:39 - Learn One Skill and Scale
49:21 - How Much Time Do I Spend on Real Estate?
52:17 - Outro
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY.