Podcast Summary
The Power of Striving for Greatness: Learn from top performers like Michael Jordan and Kobe Bryant's coach, Tim Grover, about the importance of paying the price to reach your goals and become the best version of yourself.
Key takeaway from this episode of the Bigger Pockets Podcast is the importance of striving for greatness rather than just surviving. The guest, Tim Grover, who has worked with top athletes like Michael Jordan and Kobe Bryant, emphasized that everyone has the potential to overcome and become the best version of themselves. He encouraged listeners to read his book "Winning" to learn how to pay the price and achieve their goals, no matter what those goals may be. Grover's unique ability to help individuals reach their full potential, as demonstrated through his work with legendary athletes, is now being shared with the Bigger Pockets audience. This episode is a must-listen for anyone looking to improve in any area of their life and reach new heights.
Innovative solutions in real estate: DealMachine, Rent to Retirement, and Quantum Fiber Internet: DealMachine simplifies lead generation with unlimited access to compliant contact info. Rent to Retirement lets investors buy new rental properties with no money down. Quantum Fiber Internet delivers fast, reliable Internet for multifamily residents.
DealMachine and Rent to Retirement are game-changers in the real estate industry. DealMachine simplifies lead generation with unlimited access to high-quality contact information and phone numbers, all fully compliant with federal regulations. Meanwhile, Rent to Retirement offers the opportunity to invest in new construction rental properties with no money down. These innovative solutions make it easier for investors to succeed in their real estate ventures. Additionally, Quantum Fiber Internet provides fast and reliable Internet for multifamily property residents, enhancing their living experience. Overall, these companies are revolutionizing various aspects of real estate, from lead generation and investing to property management and resident satisfaction.
Adapting to change is key in business: Success in business requires a clear goal, determination, and the ability to adapt to changing circumstances
The ability to adapt and overcome in the business world is just as crucial, if not more so, than in sports. The landscape can change overnight, and those who can figure out how to adjust and thrive will come out on top. This requires a clear understanding of what you want and the willingness to make tough choices to achieve it. Many people get held back by vague goals or a lack of determination. Success stories like Kobe Bryant and Michael Jordan remind us that having a strong mindset and the ability to adapt to changing circumstances are essential for winning in any field.
Master the basics before striving for greatness: Focus on fundamentals, assess abilities, and be honest about desires before pursuing greatness. Michael Jordan's chess pass serves as a reminder of the importance of foundational skills.
Before you can chase greatness, it's essential to master the basics. People often want to go from average to great without putting in the necessary work. However, as the speaker emphasizes, it's crucial to define what you want and assess whether you have the ability to achieve it. Mastering the fundamentals is a prerequisite for progress. Michael Jordan, for instance, started each practice with a basic chess pass, acknowledging that it was the foundation of the game. Similarly, in our personal and professional lives, we must focus on the basics before striving for greatness. Additionally, it's important to be honest with ourselves about our desires. If we're not willing to put in the effort, we might not truly want what we think we do. Lastly, be cautious about what we wish for, as success may come with challenges and responsibilities that we might not be fully prepared for.
Adapting to Market Challenges: In a competitive market, agents must adapt their strategies and expectations to secure deals, focusing on improving skills and staying competitive with buyers.
In today's competitive market, past successes do not guarantee future wins. Agents need to adjust their expectations and strategies to secure deals, as the playing field has changed. The market's challenges should be seen as an opportunity to improve skills, rather than a reason to lower standards. Those who can think and adapt, in addition to knowing the rules and regulations, will have a competitive edge. The struggle in the current market is due to the increased competition and buyers' determination to secure deals. Agents must commit to the fight and be as competitive as their buyers to succeed. Practicing hard and improving skills will make future wins easier. The ability to think and adapt, in addition to knowing what to think, is crucial for success in this environment.
Building a strong foundation for success: Focusing on the basics and building a strong foundation can set us up for success and improve overall performance, preventing injuries and burnout.
The foundation is crucial for success, whether it's in sports or real estate. Michael Jordan, considered the best basketball player ever, understood this principle. To help him perform at his best, Tim Grover focused on building a strong foundation by minimizing injuries and addressing the nuances that others overlooked. This approach not only made Michael a better player but also ensured he could consistently perform at a high level. The same principle applies to other areas of life. By focusing on the basics and building a strong foundation, we can set ourselves up for success and improve our overall performance. It's essential to remember that progress isn't just about going full speed ahead; it's also about having the ability to stop and absorb the force effectively. This approach can help prevent injuries, mental burnout, and ensure we're at our best when it matters most.
Consistency and Focus Lead to Greatness: Consistently put in effort, maintain focus, and strive for excellence to achieve greatness. Routines can help, but don't be afraid to adapt and uplift others while pursuing your goals, even if it means going against the crowd.
Consistency and a focused mindset are key to achieving greatness, as exemplified by Michael Jordan. The discussion emphasized that it's not about finding one magic solution, but rather about putting in the effort day after day with purpose. Routines, whether physical or mental, play a significant role in our success. It's important to strive for excellence and uplift those around us with our positive attitude. However, the pursuit of greatness may not always make us popular with everyone, as Michael Jordan's story shows. Ultimately, having a strong mindset and being willing to put aside others' feelings when necessary can help us reach our goals.
Trusting decisions and delivering on commitments: Successful people trust their decisions, learn from failures, and stay committed to their goals, ultimately leading to greater rewards.
While feelings can make us overthink and hesitate, it's important to trust our decision-making abilities and commit to our goals, even if it means making difficult sacrifices. Successful individuals have short memories and don't dwell on failures, instead focusing on learning from them and moving forward. The example given of a father choosing to leave for work despite his daughter's pleas illustrates this concept, as the father's decision ultimately led to a valuable lesson for his daughter and contributed to their future success. It's essential to remember that being true to ourselves and delivering on our commitments can lead to greater rewards down the line. Additionally, performing with energy rather than emotions leads to better outcomes.
Struggling with guilt when making tough decisions: To make the right decisions, recognize and overcome feelings of guilt, identify whose guilt it is, and focus on goals to develop confidence and achieve success.
When facing difficult decisions, particularly those that involve leaving loved ones behind to pursue personal or professional goals, it's essential to recognize and overcome the feelings of guilt that may hold us back. This battle between emotions and rational thinking is a constant internal struggle, with various emotions like anger, fear, and anxiety vying for control. To make the right call, we must identify who is controlling the battlefield - is it us or guilt? If guilt is in charge, it's crucial to determine whether it's our guilt or someone else's, as giving in to external guilt will prevent us from taking action and setting an example for our children. Remember, finishing a task is not the same as winning. While we may not win every battle, the example we set by finishing and striving for success can lead to victories in other areas of our lives. By focusing on our goals and harnessing the power of our emotions, we can develop the confidence to gamble on ourselves and deliver end results. Ultimately, recognizing and overcoming the internal struggle between emotions and rational thinking is key to making the right decisions and achieving success.
Managing Focus is Key to Real Estate Success: Staying focused increases chances of achieving real estate goals. Utilize platforms like Connect Invest for passive income, simplify with tools like Redfin, and save taxes with 1031 Pros.
Managing focus is crucial for achieving successful outcomes, especially in real estate. When we're not focused, we can easily lose track of time and miss our goals. Instead, by managing focus, we increase our chances of coming back with a win. For those interested in passive real estate investing, platforms like Connect Invest offer an alternative to traditional real estate ownership and management, allowing investors to earn fixed monthly income without the hassle. Additionally, tools like Redfin help simplify the home buying and selling process, while tax deferred exchanges through 1031 Pros can save significant amounts in capital gains taxes. Overall, staying focused and utilizing available resources can lead to greater success in real estate ventures.
Embracing losses and finding balance for long-term success: Learning from losses and eliminating distractions are crucial for long-term success. Michael Jordan and successful individuals focus on minimizing losses and creating balance to achieve their goals.
Both in sports and business, the ability to learn from losses and maintain perspective is crucial for long-term success. Michael Jordan, a legendary basketball player, famously viewed winning as something that doesn't belong to him but instead focuses on minimizing losses. Similarly, individuals in business often struggle with achieving balance, which is key to long-term success. Successful people have had to deal with this issue, and it's essential to create your own balance by identifying and eliminating unessential things in your life. The societal trend of emphasizing participation over winning can hinder progress, as it encourages a mindset of just participating rather than striving for success. To overcome common problems, coaches and consultants help individuals find their unique balance and eliminate distractions. Ultimately, the journey to success involves embracing losses, learning from them, and focusing on what truly matters.
Finding your unique equilibrium in life: Successful individuals continue to strive for balance in life, not by having equal amounts of everything, but by embracing their exceptional qualities and seeking new challenges
Achieving balance in life is not about having equal amounts of everything, but rather finding your unique equilibrium between various aspects such as sales, money, success, and happiness. The most successful individuals, like CEOs and athletes, understand that the pursuit of winning and success is a driving force in their lives and they continue to strive for it even in retirement. This competitive nature is inherent in all of us, but society often encourages us to settle for average instead of embracing our exceptional qualities. Financial freedom, while desirable, is not the ultimate goal for those who have the capacity to achieve it, as they continue to seek new challenges and opportunities to win.
The Power of Winning Mindset: A strong drive to win and consistent effort can lead to significant gains despite fear and doubt. Winning requires pushing past self-doubt and distractions.
Having a strong drive to win and a relentless pursuit of success, even in the face of fear and doubt, can lead to great achievements. The fear of missing out on opportunities and the regret of not giving it one's all can be powerful motivators. Contrary to the belief that an obsessive focus on winning can be detrimental, it can also lead to significant gains, as seen in the examples of successful individuals who refused to let distractions hinder their progress. The cliché that "showing up is half the battle" is misleading, as winning requires consistent effort and a willingness to push past fear and self-doubt. Ultimately, those who are driven to win on a consistent basis understand that the pain of not pursuing their goals outweighs the fear of failure.
Finding personal victory in various areas of life: Determination and actions lead to personal goals and ultimate success in various aspects of life
Winning is not limited to financial success or sports achievements. It's about setting personal goals and striving to be the best in every area of life, whether it's raising children, contributing to charitable causes, or having a beautiful garden. Michael Jordan's definition of winning may not be the same as yours, but what matters is that you have the determination and actions behind your goals, and ultimately, the results. The road to winning may be long and uncertain, especially when it comes to raising kids, but the end result is worth the effort. In Tim Grover's book "Winning: The Unforgiving Race to Greatness," he builds upon the ideas presented in his first book, "Relentless," emphasizing that everyone can find their own unique way to win in life.
The importance of experiencing and sharing the feeling of winning: Understanding and experiencing the feeling of winning can lead to an upward spiral where everyone benefits. Everyone's way of winning is different, and it's essential to acknowledge that.
Winning is not just about personal greatness, but also about bringing it out and making it easier for others to experience it as well. Tim Grover, the author of "Relentless" and "Winning," emphasizes the importance of understanding and experiencing the feeling of winning, and how it can lead to an upward spiral where everyone benefits. Grover also mentioned that everyone's way of winning is different, and it's essential to acknowledge that. He recommends his book "Winning" as a tool to help individuals win in their own unique way. Additionally, Grover shared that he's currently working on improving the habit of letting others finish their sentences, and his favorite business book is "Winning" by himself and Sherry White.
Find motivation and focus on it, understanding time is precious: Successful entrepreneurs prioritize continuous improvement, growth, and seize opportunities, inspired by Kobe Bryant's relentless pursuit of winning.
Successful entrepreneurs understand there's no finish line and seize every moment, inspired by the late Kobe Bryant's relentless pursuit of winning. Tim Grover, Kobe's trainer, emphasizes the importance of being addicted to the right things, such as continuous improvement and growth, rather than destructive habits. Grover encourages everyone to find their motivation and focus on it, as we're all addicted to something. Additionally, understanding that time is precious and opportunities can be taken away unexpectedly, drives successful entrepreneurs to give their all in every situation. Grover's words, shared during the interview, left a profound impact on the listeners, making them laugh, cry, and reflect. To learn more about Tim Grover and his work, visit his website timgrover.com or follow him on Instagram @TimGrover.
Defining and pursuing excellence in real estate investing: Identify your personal definition of winning, have a clear vision, create a solid plan, and stay determined to see it through in real estate investing.
Winning and pursuing excellence is a personal definition and can apply to various aspects of life, including real estate investing. It's essential to identify what winning means to you and be willing to put in the necessary effort to achieve it. Whether your goal is passive income, wealth accumulation, or making a positive impact, the key is to have a clear vision and the determination to see it through. Don't just focus on the end goal but also consider the actions required to get there. If you're not willing to put in the work, it might be better to stick with a more passive approach or consider other endeavors where you have a stronger motivation. Ultimately, success in real estate or any other area of life requires a clear vision, a solid plan, and the determination to see it through.
Finding the Right Real Estate Agent with BiggerPockets' Agent Finder: Use BiggerPockets' Agent Finder tool to connect with local market experts, enhance your investment journey, and make confident decisions towards financial freedom.
Having a relentless and determined attitude is key to success in real estate investing. Brandon Turner, a successful investor, acknowledged Tim's persistence and winning mindset, inspiring others. To help investors find the right agent for their real estate journey, BiggerPockets offers the Agent Finder tool. This free resource matches investors with local market experts, helping them navigate neighborhoods, analyze numbers, and take confident action towards financial freedom. Remember, it's not about timing the market perfectly but rather being consistent and having a long-term investment strategy. Always consult with qualified advisors before making investment decisions, as all investments involve risk.