The Rich Dad Channel | Escaping the 9-to-5 with Real Estate - Tyler Jorgenson, Deyl Kearin @TheRichDadChannel | Uploaded July 2024 | Updated October 2024, 1 hour ago.
In this episode of the Rich Dad Radio Show, guest host Tyler Jorgenson sits down with real estate mogul Deyl Kearin for an engaging conversation on wealth-building, entrepreneurship, and the realities of real estate investing. Whether you're new to the world of real estate or an experienced investor, this episode offers a wealth of insights and practical advice to help you navigate your financial journey.
This episode is packed with practical advice for aspiring entrepreneurs and real estate investors. Deyl Kearin’s story highlights the importance of finding great mentors, committing fully to your goals, and maintaining a conservative approach to investments. His journey is a valuable resource for anyone looking to build wealth and live a fulfilled life.
Starting the Business and Real Estate Journey
Deyl Kearin shares the story of his early days as a business owner and investor, highlighting the crucial role that mentorship played in his success. He emphasizes how the Rich Dad principles, introduced to him by his father during college, laid the foundation for his career. From reading "Rich Dad Poor Dad" to playing the "Cash Flow" board game, these early experiences shaped his understanding of investing and business, setting him on the path to financial success.
Building an Impressive Real Estate Portfolio
Deyl discusses his multifamily real estate portfolio, which stretches from Los Angeles to Sacramento, and includes recent acquisitions like a family project in Santa Barbara. His story is a testament to the power of strategic real estate investments, and he offers valuable lessons on how to succeed in this competitive field. Beyond his real estate ventures, Deyl is also passionate about education, teaching entrepreneurship at Westmont College to inspire the next generation of business leaders.
The Value of Mentorship and Full Commitment
One of the key takeaways from this episode is the importance of mentorship and committing fully to your goals. Deyl shares the wisdom he received from his mentors, who taught him the value of going "all-in" on his real estate ambitions rather than spreading himself too thin. This advice, combined with his rigorous approach to vetting deals, helped him navigate the challenges of the 2008 financial crisis and emerge stronger on the other side.
Real Estate Myths, Realities, and Strategic Risk
Deyl also dispels some common myths about real estate, sharing his experiences during the 2008 financial crisis. He emphasizes the importance of a conservative approach to valuation and avoiding debt, which allowed him to tackle high-risk projects with confidence. His strategy of securing low-basis properties and maintaining a cautious outlook on market conditions provides a blueprint for succeeding in uncertain economic times.
Balancing Professional Success with Personal Well-being
As the conversation wraps up, Deyl reflects on the importance of balancing professional success with personal well-being. He shares how living true to his values and prioritizing family moments have been key to his fulfillment. Deyl’s journey illustrates the Rich Dad philosophy of not just achieving financial freedom, but also living a life of purpose and joy.
Connect with Tyler Jorgenson at Bern Media: bit.ly/3WwHBOK
00:00 Introduction
01:07 Current Real Estate Ventures
02:33 Early Exposure to Rich Dad Concepts
06:51 Balancing Education and Financial Literacy
09:08 Learning the Real Estate Ropes
14:18 The Importance of Mentorship
17:50 Balancing Work and Family
22:52 Partnerships in Real Estate
25:28 Lessons from the Cash Flow Board Game
28:11 Current Market Strategies and Risks
31:07 Advice for New Real Estate Investors
33:35 Conclusion and Contact Information
richdad.com
Facebook: @RobertKiyosaki
facebook.com/RobertKiyosaki
Twitter: @TheRealKiyosaki
twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
instagram.com/therealkiyosaki
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
In this episode of the Rich Dad Radio Show, guest host Tyler Jorgenson sits down with real estate mogul Deyl Kearin for an engaging conversation on wealth-building, entrepreneurship, and the realities of real estate investing. Whether you're new to the world of real estate or an experienced investor, this episode offers a wealth of insights and practical advice to help you navigate your financial journey.
This episode is packed with practical advice for aspiring entrepreneurs and real estate investors. Deyl Kearin’s story highlights the importance of finding great mentors, committing fully to your goals, and maintaining a conservative approach to investments. His journey is a valuable resource for anyone looking to build wealth and live a fulfilled life.
Starting the Business and Real Estate Journey
Deyl Kearin shares the story of his early days as a business owner and investor, highlighting the crucial role that mentorship played in his success. He emphasizes how the Rich Dad principles, introduced to him by his father during college, laid the foundation for his career. From reading "Rich Dad Poor Dad" to playing the "Cash Flow" board game, these early experiences shaped his understanding of investing and business, setting him on the path to financial success.
Building an Impressive Real Estate Portfolio
Deyl discusses his multifamily real estate portfolio, which stretches from Los Angeles to Sacramento, and includes recent acquisitions like a family project in Santa Barbara. His story is a testament to the power of strategic real estate investments, and he offers valuable lessons on how to succeed in this competitive field. Beyond his real estate ventures, Deyl is also passionate about education, teaching entrepreneurship at Westmont College to inspire the next generation of business leaders.
The Value of Mentorship and Full Commitment
One of the key takeaways from this episode is the importance of mentorship and committing fully to your goals. Deyl shares the wisdom he received from his mentors, who taught him the value of going "all-in" on his real estate ambitions rather than spreading himself too thin. This advice, combined with his rigorous approach to vetting deals, helped him navigate the challenges of the 2008 financial crisis and emerge stronger on the other side.
Real Estate Myths, Realities, and Strategic Risk
Deyl also dispels some common myths about real estate, sharing his experiences during the 2008 financial crisis. He emphasizes the importance of a conservative approach to valuation and avoiding debt, which allowed him to tackle high-risk projects with confidence. His strategy of securing low-basis properties and maintaining a cautious outlook on market conditions provides a blueprint for succeeding in uncertain economic times.
Balancing Professional Success with Personal Well-being
As the conversation wraps up, Deyl reflects on the importance of balancing professional success with personal well-being. He shares how living true to his values and prioritizing family moments have been key to his fulfillment. Deyl’s journey illustrates the Rich Dad philosophy of not just achieving financial freedom, but also living a life of purpose and joy.
Connect with Tyler Jorgenson at Bern Media: bit.ly/3WwHBOK
00:00 Introduction
01:07 Current Real Estate Ventures
02:33 Early Exposure to Rich Dad Concepts
06:51 Balancing Education and Financial Literacy
09:08 Learning the Real Estate Ropes
14:18 The Importance of Mentorship
17:50 Balancing Work and Family
22:52 Partnerships in Real Estate
25:28 Lessons from the Cash Flow Board Game
28:11 Current Market Strategies and Risks
31:07 Advice for New Real Estate Investors
33:35 Conclusion and Contact Information
richdad.com
Facebook: @RobertKiyosaki
facebook.com/RobertKiyosaki
Twitter: @TheRealKiyosaki
twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
instagram.com/therealkiyosaki
-----
Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
