Podcast Summary
Focus on what matters most and bring in the right people: Sovereignty is about prioritizing and delegating for success in life and business. Identify noble obstacles and invest in passive real estate funds for growth and income.
Sovereignty is about focusing on what matters most in your life and business, and bringing in the right people to help with the rest. This concept, discussed on the Bigger Pockets Podcast with David Green and guest Ryan Mickler, applies to all areas of life, including real estate investing. Another key point is the importance of identifying and sharing "noble obstacles," or challenges that require growth and perseverance. And for those interested in passive real estate investing, consider investing in a private real estate fund like PPR Capital Management for steady monthly income without the hassle of property management.
Investing in Real Estate with Little to No Money Down: Explore opportunities with Rent to Retirement for discounted rental properties and investor loans or Fundrise for high-demand bridge financing on quality assets, earning attractive interest rates.
There are opportunities for real estate investing with little to no money down through companies like Rent to Retirement and Fundrise. Rent to Retirement offers new construction turnkey rental properties at discounted prices and investor loans with low down payment options or even no money down. Fundrise, on the other hand, provides high demand bridge financing on high-quality assets, allowing top real estate investors to receive funding while investors earn a healthy interest rate. These opportunities can be especially attractive in today's market with high interest rates and a liquidity crisis. For those interested, Rent to Retirement can be found at renttoretirement.com or by texting "rei" to 33777, while Fundrise can be explored at fundrise.com/pockets. Remember, all investments come with risks, and past performance is not indicative of future results.
From feeling lost to personal growth: Seeking help, being coachable, and being persistent in personal development are essential for overcoming challenges and improving life.
Personal growth and transformation do not happen overnight. The speaker shared his own experience of feeling lost and struggling, but realizing later that he was just immature and lacked guidance. He emphasized the importance of being open and receptive to learning from others. The Order of Man is an organization aimed at equipping men with the tools and resources they need to thrive in various aspects of life, including business ownership, community leadership, and fatherhood. While the approach is masculine, the principles are universal and applicable to everyone. The speaker's turning point was a confrontation with his wife, leading him to reevaluate his life and commit to personal growth, which took years to achieve. Overall, the message is that seeking help, being coachable, and being persistent in personal development are key to overcoming challenges and improving one's life.
Focusing on personal growth during challenging times: Focusing on personal growth can lead to improved relationships, increased income, and better overall well-being. Don't neglect self-care during difficult times, as it's essential for long-term success and the ability to help others.
Focusing on personal growth and improvement can lead to significant positive changes in life, even during challenging times. The speaker shares his experience of going through a painful divorce and being left with a young son. Instead of dwelling on the past and feeling bitter, he decided to focus on himself and make improvements. He started listening to success CDs, reading books, and seeking out mentors to help grow his business. By taking responsibility for his own growth, he was able to build stronger relationships, increase his income, and improve his net worth. This is not a selfish thing, but rather an essential step towards personal development and overall well-being. As the analogy goes, you must put on your own mask before helping others. By taking care of yourself first, you are better equipped to help and support those around you.
Don't let external circumstances halt your progress: Strive for independence and self-reliance, but don't isolate yourself from help or support. Control your life, don't let it control you.
Sovereignty, or the ability to take ownership and control of one's life, can be easily lost if we let our environment or external factors dictate our decisions. The speaker shared an example of how he let the closure of his jujitsu gym during COVID-19 halt his progress in the sport, but later learned that he could hire a private trainer to continue training at home. This experience underscores the importance of taking control of one's life and not letting external circumstances hold us back from achieving our goals. Sovereignty is synonymous with autonomy, or the freedom to do what we want, when we want, without external influence. However, it doesn't mean we should isolate ourselves from help or support. Rather, we should be mindful of using external factors as excuses to avoid taking control of our lives and instead strive for independence and self-reliance.
Investing in yourself for family's sake: Prioritizing self-care sets a positive example for kids and leads to personal growth and family success
Taking care of oneself, whether through physical fitness or personal growth, is essential for being a present and effective parent. It's not a selfish act, but rather an investment in both yourself and your family. The subconscious belief that time spent on self-improvement comes at the expense of family time can be a "noble obstacle," but it's important to remember that children look up to their parents as role models and learn from their actions. By prioritizing self-care, you're not only improving your own life but also setting a positive example for your kids. Additionally, acknowledging and addressing the noble obstacles that hinder personal growth can help overcome them and lead to greater success and fulfillment.
Embracing daunting experiences for personal growth and family impact: Embrace challenging experiences, prioritize them over distractions, and let the excitement and support of loved ones fuel your determination for personal growth and creating lasting memories.
Enduring challenging experiences, even if they seem daunting at first, can have a profound impact on ourselves and our families. The speaker shared his experience of participating in a 60-hour endurance event despite initial shock and misconception about its length. Though it was a grueling experience filled with hardships, the thought of his children's excitement and support kept him going. The event ultimately helped him improve himself and serve as a positive role model for his kids. The speaker emphasized that it's essential to prioritize challenging experiences over trivial distractions, as they contribute to personal growth and leave lasting memories for our loved ones.
Encouraging children's growth through hard work and ownership experiences: Encouraging children to work through challenges and participate in responsibilities can foster independence, responsibility, and confidence.
Instilling sovereignty and a sense of ownership in children can be achieved through various techniques and experiences. Ryan shared an example of encouraging his son to work out in freezing temperatures, emphasizing the value of hard work and resilience. Additionally, involving children in family businesses and holding them accountable for their actions can help foster a sense of responsibility and independence. These experiences, though challenging, ultimately contribute to the children's growth and character development. Encouraging children to participate in tasks, even at a young age, can create cherished memories and build their confidence. In the realm of real estate, allowing kids to help with small tasks can also play a role in their character development and create valuable bonding moments between parents and children.
Finding Sovereignty Through Memories and Choices: Sovereignty is about taking charge of your own life, making valuable contributions, and focusing on personal growth and fulfillment, whether through memories or choices regarding homeownership and delegation.
Sovereignty is not just about control or ownership, but rather about taking charge of your own life and making valuable contributions. A fond memory of learning to use a push broom as a child instilled a sense of worth and independence that has stayed with the speaker throughout his life. When it comes to homeownership versus renting, the decision should depend on personal circumstances and goals, as both options offer different forms of autonomy and control. Sovereignty is not about having complete control over every aspect of life, but rather focusing on what is important and delegating tasks to others to free up time and energy. Ultimately, it's about making choices that allow for personal growth and fulfillment.
Understanding personal freedom and autonomy: Recognizing the importance of personal freedom and autonomy, avoiding external influences and addictions, and taking responsibility for our lives are crucial for making meaningful progress and achieving our goals.
Personal freedom and autonomy are essential factors to consider when deciding between renting and owning a home. For some people, owning a property allows them to express their creativity and independence, while for others, renting offers more flexibility and financial freedom. However, it's crucial to be self-aware and avoid letting external influences or addictions control our lives, leading to a form of "slavery." Ultimately, it's essential to understand that taking responsibility for our lives and recognizing our weaknesses is the key to making meaningful progress and achieving our goals. Additionally, it's essential to be aware that blaming external factors for our dissatisfaction in life can lead to a loss of personal sovereignty, leaving us powerless to change our circumstances.
Embracing reality for growth: Accepting current situation promotes growth, requires humility and facing reality, hindered by avoidance, teach entrepreneurship for valuable skills and self-sufficiency, crucial for personal development.
Acknowledging and accepting our current situation, no matter how uncomfortable or difficult, is essential for growth. This requires humility and the willingness to face reality, even if it's painful. The speaker shares that many people avoid looking at their bank statements or getting on a scale because they don't want to confront their inadequacies. However, this avoidance hinders growth. The speaker also suggests teaching entrepreneurship in schools as a way to instill valuable life lessons and promote personal sovereignty. By starting a business or learning valuable skills, individuals can take control of their lives and add value to others. This sense of empowerment and self-sufficiency is crucial for personal growth and development.
Stand out and become indispensable: Focus on personal growth and development to gain skills, confidence, and independence, creating opportunities and shaping our futures.
Striving to be the best in your field, whether it's web development or entrepreneurship, gives you the power and independence to choose your path. Cal Newport's philosophy of "being so good they can't ignore you" and Seth Godin's concept of becoming a "linchpin" are both about standing out and becoming indispensable. This requires hard work and dedication, but it also means you have the sovereignty to say no to unfair treatment and to create your own opportunities. On the other hand, owning a business brings greater responsibility and accountability, as you can't blame external factors for its failures. Teaching children entrepreneurship at a young age, through programs like entrepreneurship fairs, can instill valuable skills and confidence. Witnessing the success of schools like Acton Academy, where students learn to ask "Can I do it? How do I do it? Do I want to?" instead of being held back by self-doubt, is inspiring. Ultimately, the key takeaway is that by focusing on personal growth and development, we can gain the skills, confidence, and independence to create our own opportunities and shape our own futures.
Considering the cost of goals: Be honest about what you're willing to sacrifice and endure to reach a goal, and align it with your true priorities.
When setting goals, it's important to consider not only the desired outcome but also the pain or cost associated with achieving it. The speaker shares how he used to compare himself to successful figures and feel held back, but now realizes he doesn't truly want what they have due to conflicting priorities. He emphasizes the importance of being honest with oneself about what one is truly willing to sacrifice and endure to reach a goal. This concept can be applied to various aspects of life, from fitness goals to career aspirations. It's essential to avoid mental gymnastics and be truthful about why we may not be willing to put in the necessary effort. Ultimately, it's about understanding our priorities and making intentional decisions based on them.
Identifying sacrifices for goals: Distinguish between wants and needs, prioritize goals, and make necessary sacrifices to achieve them. Hire the right people for key roles and create an inclusive work environment to build a successful business.
Identifying what you're willing to give up is crucial in achieving what you truly want. Our egos often hinder us from making necessary sacrifices. For instance, spending hours on social media instead of waking up earlier to focus on our goals. It's essential to distinguish between what we want versus what we'd like. In building a business, finding the right people for key positions is a valuable lesson. This not only saves time and energy but also leads to better results. Additionally, people crave a sense of belonging, especially in today's isolating times. As business owners, creating an inclusive environment can attract and retain loyal team members.
Creating a sense of belonging: Articulating a compelling vision and making people feel part of a larger movement can attract and retain talent and build a loyal following.
Having a clear vision and creating a sense of belonging can be powerful motivators for people to join and invest in something, whether it's a business or a community. The speaker shared his experience of offering physical labor in exchange for food and a bed, and was surprised by the overwhelming response. He believes that people are drawn to something bigger than just a job or a transactional relationship. As a business owner or leader, articulating a compelling vision and making people feel like they're part of a larger movement can help attract and retain talent and build a loyal following. Additionally, using language that emphasizes "us" and "we" rather than "I" and "me" can help foster a sense of unity and shared purpose.
Recognizing the importance of team and inclusive language: Implementing daily reflection and using inclusive language can boost personal growth and maintain work-life balance
Focusing on inclusive language and recognizing the importance of one's team can significantly impact personal and professional growth. Ryan, a guest on the podcast, emphasized the use of "we" and "us" instead of "I" and "me," acknowledging that the people around us are just as important. He also shared his daily habit of conducting an after-action review at the end of each day, which helps him dump thoughts out of his mind, plan for the next day, and maintain a healthy work-life balance. This simple yet effective practice allows him to be fully present with his family and other commitments. By prioritizing teamwork and implementing daily reflection, individuals can enhance their personal growth and overall well-being.
Importance of Getting Information and Tasks Out of Your Head: Implementing a reliable system to manage tasks reduces anxiety and improves productivity. Ryan recommends books like 'The One Thing' and 'Wild at Heart' for personal and professional growth. Ryan also practices jiu-jitsu as a hobby for focus and well-being.
It's essential to get important information and tasks out of your head and into a reliable system, such as a CRM, notepad app, or Evernote. This not only reduces anxiety but also makes it easier to manage and prioritize tasks. Additionally, Ryan recommended several influential books, including "The One Thing" by Gary Keller and "Wild at Heart" by John Eldridge, which have significantly impacted his personal and professional growth. Ryan also shared his passion for jiu-jitsu as a hobby, which he's been practicing for over a year and a half. By implementing these habits and practices, individuals can improve their productivity, focus, and overall well-being.
Finding focus and joy through hobbies: Successful individuals immerse themselves in present moment hobbies for focus and joy, finding fulfillment in the process rather than just the outcome
Finding focus and receiving immediate feedback through hobbies like jujitsu, archery, hunting, and even surfing, allows individuals to fully immerse themselves in the present moment and improve continuously. Successful people, in turn, find joy and meaning in the process of working towards their goals, rather than solely fixating on the end result. The win lies in the activity itself, not the outcome it produces. You can discover more about Ryan and his perspectives on life, business, and personal growth by tuning into the Order of Man podcast and visiting their website at orderofman.com.
Importance of authenticity on social media and staying true to oneself: Staying authentic on social media is crucial for success, even when facing criticism. Find an investor-friendly real estate agent and stay informed to achieve financial freedom.
Authenticity shines on social media platforms like Instagram. During a recent podcast episode, the hosts praised Ryan Mickler's Instagram account for its raw and unfiltered content. They admired his response to criticism and his commitment to showcasing his life on his terms. This discussion highlights the importance of staying true to oneself in the digital age, even when faced with negative feedback. Additionally, the podcast emphasized the importance of finding an investor-friendly real estate agent to help navigate the market and achieve financial freedom. With BiggerPockets Agent Finder, investors can easily connect with local market experts and take the next step in their real estate investing journey. Remember, the key to success in real estate investing is not about timing the market but rather about being consistent and dedicated. Stay authentic, stay informed, and take action with confidence.
