Today, John improvises and talks about the cost of growing a business.
What gets you into this business
[1:36] What gets you into this business is hope. What gets you into this business is the dream of getting rich. What gets you into this business is the stuff, the materialism. Maybe the popularity gets you into this business. Maybe you get into this business for the legacy. You want to lead your kids or you want to have something to pass on when you die.
How Real Estate changed John's life
[2:22] Because of real estate, John doesn't have to have a job if he doesn't want a job. He doesn't have to listen to a boss. Appreciate him or not. He can get up at the time of the day he wants to get up. And he stopped working at the time of the day that he wants to stop working.
[3:16] For John, you got to work harder than everybody else.
Costs of growing a business:
[4:24] There's a good chance that going all-in in the real estate business will have you away from your family more than you're with them.
[5:55] The Cost of the time that you lose. The cost of anxiety for running a business.
[6:47] There's a cost of judgment. Not only will you be judge by others, but you will start to judge other people.
[7:20] There's a cost of this business of money. Sometimes you are going to lose money. There will be things that you thought were home runs that you thought would work well that fall on their face.