The Rich Dad Channel | Real Estate Success Secrets from an Entrepreneur - Tyler Jorgenson, Tom Rauen @TheRichDadChannel | Uploaded July 2024 | Updated October 2024, 9 hours ago.
In the latest episode of The Rich Dad Radio Show, hosted by Tyler Jorgenson, listeners are treated to an insightful conversation with Tom Rauen, a serial entrepreneur and founder of 1800tshirts.com, along with several other successful ventures. Tom shares his expertise on the integration of artificial intelligence (AI) in business, his journey through the entrepreneurial landscape, and his strategic approach to real estate investing.
This episode is a goldmine for entrepreneurs and investors looking to harness the power of AI, learn from a seasoned entrepreneur, and explore strategic real estate investments. Tom Rauen’s journey from a t-shirt seller to a real estate investor provides actionable insights and inspiration for those seeking to diversify their income streams and build long-term wealth.
Embracing AI in Business
The discussion kicks off with Tom's thoughts on the role of AI in the modern business world. Far from being something to fear, Tom views AI as a powerful tool for enhancing efficiency and automating repetitive tasks. He encourages listeners to familiarize themselves with AI as it rapidly becomes a crucial component of business operations. **"Do not be scared of AI but be familiar with it. It's coming fast and will progress rapidly,"** he advises, highlighting the potential for AI to free up time for more meaningful activities.
The Evolution of an Entrepreneur
Tom Rauen's entrepreneurial journey is nothing short of inspiring. From selling t-shirts during his high school and college years to building a nationally recognized t-shirt company, 1-800 T SHIRTS, Tom exemplifies the power of adaptability and growth. He discusses his progression through various stages of business ownership, from being self-employed to becoming an investor. **"I worked my way through all the cashflow quadrants. I couldn't just be the business owner; I had to become an investor,"** Tom notes, emphasizing the importance of diversifying income streams for long-term financial stability.
Strategic Real Estate Investing
Tom dives into the details of his real estate investment strategies, sharing how he transitioned from using his t-shirt business to support initial property investments to focusing on Triple Net Lease properties. This model, where tenants cover taxes, insurance, and maintenance, aligns with his preference for a hands-off approach. Tom's ability to spot overlooked opportunities in the real estate market showcases his creative problem-solving skills. **"I'm able to look at a property that's maybe been on the market for a long time... Having that creative side of my brain look at these properties I'm able to uncover some deals that other people probably overlook,"** he explains.
Building a Diversified Real Estate Portfolio
Through his firm, Rauen Capital, Tom has successfully expanded his real estate portfolio, focusing heavily on properties in Iowa. His deep understanding of local markets, neighborhoods, and communities gives him a competitive edge. Tom emphasizes the importance of building relationships among investors, particularly those interested in passive income. **"We're looking for business owners, high net worth individuals, and those wanting passive income,"** he says, highlighting the value of community in investment.
00:00 Introduction
00:25 Meet Tom Rauen: Entrepreneurial Journey
01:18 Building a T-Shirt Empire
02:52 Navigating Business Challenges and Real Estate Ventures
04:55 Diving into Triple Net Lease Properties
12:49 The Role of AI in Real Estate and Business
24:10 Unique Marketing Strategies and Creative Problem Solving
28:45 Conclusion and Final Thoughts
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 the latest episode of The Rich Dad Radio Show, hosted by Tyler Jorgenson, listeners are treated to an insightful conversation with Tom Rauen, a serial entrepreneur and founder of 1800tshirts.com, along with several other successful ventures. Tom shares his expertise on the integration of artificial intelligence (AI) in business, his journey through the entrepreneurial landscape, and his strategic approach to real estate investing.
This episode is a goldmine for entrepreneurs and investors looking to harness the power of AI, learn from a seasoned entrepreneur, and explore strategic real estate investments. Tom Rauen’s journey from a t-shirt seller to a real estate investor provides actionable insights and inspiration for those seeking to diversify their income streams and build long-term wealth.
Embracing AI in Business
The discussion kicks off with Tom's thoughts on the role of AI in the modern business world. Far from being something to fear, Tom views AI as a powerful tool for enhancing efficiency and automating repetitive tasks. He encourages listeners to familiarize themselves with AI as it rapidly becomes a crucial component of business operations. **"Do not be scared of AI but be familiar with it. It's coming fast and will progress rapidly,"** he advises, highlighting the potential for AI to free up time for more meaningful activities.
The Evolution of an Entrepreneur
Tom Rauen's entrepreneurial journey is nothing short of inspiring. From selling t-shirts during his high school and college years to building a nationally recognized t-shirt company, 1-800 T SHIRTS, Tom exemplifies the power of adaptability and growth. He discusses his progression through various stages of business ownership, from being self-employed to becoming an investor. **"I worked my way through all the cashflow quadrants. I couldn't just be the business owner; I had to become an investor,"** Tom notes, emphasizing the importance of diversifying income streams for long-term financial stability.
Strategic Real Estate Investing
Tom dives into the details of his real estate investment strategies, sharing how he transitioned from using his t-shirt business to support initial property investments to focusing on Triple Net Lease properties. This model, where tenants cover taxes, insurance, and maintenance, aligns with his preference for a hands-off approach. Tom's ability to spot overlooked opportunities in the real estate market showcases his creative problem-solving skills. **"I'm able to look at a property that's maybe been on the market for a long time... Having that creative side of my brain look at these properties I'm able to uncover some deals that other people probably overlook,"** he explains.
Building a Diversified Real Estate Portfolio
Through his firm, Rauen Capital, Tom has successfully expanded his real estate portfolio, focusing heavily on properties in Iowa. His deep understanding of local markets, neighborhoods, and communities gives him a competitive edge. Tom emphasizes the importance of building relationships among investors, particularly those interested in passive income. **"We're looking for business owners, high net worth individuals, and those wanting passive income,"** he says, highlighting the value of community in investment.
00:00 Introduction
00:25 Meet Tom Rauen: Entrepreneurial Journey
01:18 Building a T-Shirt Empire
02:52 Navigating Business Challenges and Real Estate Ventures
04:55 Diving into Triple Net Lease Properties
12:49 The Role of AI in Real Estate and Business
24:10 Unique Marketing Strategies and Creative Problem Solving
28:45 Conclusion and Final Thoughts
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.
