On episode 49 of the Millionaire Podcast we discussed how John Delia rose in the ranks as a house flipper to a buy and hold investor with over 30 units. John told his story about how he was willing to invest where nobody else was, even though people told him not to, called him crazy, and told him he would lose all his money. I don’t know if they told him that they would lose all his money but I have heard that one before so I wouldn’t doubt it.
When you are trying to create massive wealth and success, you have to do what no one else is doing. One thing I have found is that by being a reader, when not a lot of people are readers, you tend to operate in a different realm than other people. I remember when I was in college and I served as the President of my fraternity. People would always wonder why I knew the things I knew at 20 years old. But they didn’t know that I was reading books like Cash flow Quadrant, How to Win Friends and Influence People and Purple Cow. I have always been a reader and so was our guest John Delia.
When you are a reader, you get exposed to all the ideas of successful people before you. Not your homies ideas, not your parent’s ideas, but titans of industry. The Buffett’s the Dalio etc.
All of this serves to help you invest like a champ, get called crazy by the uninformed, but later you are a legend. If you want to be a legend you have to do some legendary things. If you want to be an anomaly you have to act like one.
As the investment club has grown I am encountering problems that are hard, but had I not launched out and put together a fund of 185 stock investors and maybe 50 real estate investors, I wouldn’t get the growth or recognition either.
When I first started the club, they hated. A year later, people still hate. But they are hating from the sidelines, and they are hating in a way that elevates. See, when you are 10Xing, living your truth and putting your vision to action, that hate elevates you. Ask Lavar Ball. All the hate they throw at people who choose themselves is just free marketing.
The worst thing you can do is do nothing. The worst thing you can do is listen to people who don’t read. The worst thing you can do is avoid doing out of fear that losers will see you lose. When you lose, you just learn how to do better the next time.
I was reading this book about real estate and the author talked about how when you are trying to get deals you hear a lot of nos but when you get to a yes you learn how you got that yes and implement that into your tool belt which helps you get another yes which further refines your approach. Soon, your approach is so crafty that you hit everything you aim for. It comes from doing though.
This post is to encourage you to look foolish. Invest in things that people laugh at and don’t understand. It might be crypto. It might be Under Armour. It might be ugly real estate. Do it. Take the risk or lose the chance.
Be great, invest well,