BiggerPockets Real Estate Podcast

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

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Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today.

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In This Episode We Cover:

  • How the gang connected with Tim
  • Whether his mom would be impressed by his accomplishments
  • Why he walks to the beat of his own drum
  • His recent “silent” retreat
  • The value of meditation
  • What you should know about self-awareness training
  • The ins and outs of the book Tribe of Mentors
  • Patterns that are common amongst high achievers
  • The importance of turning off distractions
  • Principles to live your life by
  • How to be truly effective
  • Tips for using money to buy time
  • The 3 advantages that you can have in any type of investing
  • How Tim Ferriss invests
  • What a good investment entails
  • Indicators of a solid property
  • How Tim would analyze real estate
  • The fundamental differences in real estate as an asset class
  • The “worthlessness” of hard work
  • How to balance ambition and being contented
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “I don’t like having my sanity depend on luck.” (Tweet This!)
  • “When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!)
  • “It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!)
  • “It’s not how you do things, it’s what you do.” (Tweet This!)
  • “Effectiveness over efficiency on all things.” (Tweet This!)
  • “Thinking is actually asking questions and answering them in your own head.” (Tweet This!)
  • “There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!)
  • “In the end, success is sleeping well.” (Tweet This!)
  • “Worrying is praying for what you don’t want.” (Tweet This!)
  • “It’s very hard to fail completely.” (Tweet This!)

Connect with Tim

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo...
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    Raven Miller Investor from Tampa, Florida
    Replied over 2 years ago
    Great Podcast! I love the mastermind session you guys had going on.
    James Maradits Investor from Cleveland, OH
    Replied over 2 years ago
    Super excited about this! My two favorite podcasts come together!
    Nathan G. Real Estate Broker from Cody, WY
    Replied over 2 years ago
    Tim is a highly intelligent, extremely successful individual. His mind clearly operates at a different level than a normal human. In that sense, it was very interesting to listen. I’ve never heard anyone name so many books and authors of the top of their head! I enjoyed his book, “The 4-Hour Workweek”. It’s full of excellent advice to help people become more focused and efficient. Ironically, he failed to follow his own advice with this podcast because it took two hours to cover a few good points that could have been covered in 30 minutes. I heard some really good advice but forgot it by the time the podcast ended. I’m not trying to bash Tim or the show. It’s just a personal assessment I feel entitled to share after spending that much time listening. Happy Thanksgiving, everyone!
    Bob Razler Rental Property Investor from Cape Coral, FL
    Replied over 2 years ago
    What a great podcast! I jumped in my car for my 2.5 hr Thanksgiving drive yesterday and was happy to hear you had Tim on this week’s podcast. It was a great listen and made the ride go soooooo fast. Thank you!
    Steve Bracero Real Estate Agent from Westboro, MA
    Replied over 2 years ago
    Great listen, Ferris book tools of titans is a great read as well. I’m excited he was on this podcast and learn how is is very effective with him time and his focus
    Thomas Blaine Rental Property Investor from Commerce Township, MI
    Replied over 2 years ago
    Went to Amazon and ordered the new book after about 20 minutes of the show!
    Kim Stofan Realtor from Sacramento, CA
    Replied over 2 years ago
    Loved listening to this podcast where these three brilliant minds come together. It prompted me to check out more of Tim’s content. For me, the best part was the discussion of choosing the right areas to invest your hard work into. Clarifying the priorities. “Finding the tasks that, if completed, would make all the other tasks easier or irrelevant.”
    JD Martin Rock Star Extraordinaire from Northeast, TN
    Replied over 2 years ago
    Enjoyed it. Not really about RE investing per se but I like listening to people talk about alternative views to the world around us. I read “Tools of Titans” and didn’t get a lot out of it but still found it enjoyable, hearing from so many different types of people. One thing I found odd was the idea of owning residential real estate in different places that is just left vacant – emptiness is hard on a house, and expensive on the wallet. Even after tax benefits, if a million dollar house is appreciating faster than the rate of inflation – let’s say 5% annually – the costs of maintaining the empty house virtually wipes out the gain, between inflation, property taxes, repairs & maintenance, etc, or makes the gain so insignificant as to question the wisdom of the “investment” in the first place.
    Trevor McMillin from Fort Myers, Florida
    Replied over 2 years ago
    If there’s one podcast that’s a staple to my week other than BP, it’s The Tim Ferriss show. Couldn’t believe it when I saw you three be doing a podcast together! Awesome work gentlemen.
    Mark Limke from West Des Moines, Iowa
    Replied over 2 years ago
    Great show, always love interviews with Tim. On the books list, one of Tim’s favorites is actually just Radical Acceptance, dropping “The” from the title. Also, Tara Brach, not Brock, is the author. And Wikipedia reports Richest Man in Babylon is by George Samuel Clason. Thanks for the show and the links, they help a bunch.
    Marshall Hooper Investor from Houston, Texas
    Replied over 2 years ago
    Why are the podcasts not being transcribed anymore?
    Tom E.
    Replied over 2 years ago
    Just found Bigger Pockets about 6 months ago, have listened to about 50 podcasts and have not heard anything as BAD as the Tim Ferriss interview. Between you two kissing his backside and his endless commercials about nothing I was dumbfounded as you two started the program with this was one of the best shows ever. Best what? He said nothing but talked up his books and his mindless meanderings. Incoherent interview at best which is the same that could be said about how he described his investment style/ philosophy. For the record, i have truly enjoyed and have gotten a lot of usable, actionable information out of other Bigger Pockets podcasts. Really, really like this site and info. Just bad guest and interview.
    Austin Wise from Clifton, Virginia
    Replied over 2 years ago
    The answer to life, the universe, and everything is 42. Just don’t want any misinformation being spread around here. Good show with Mr. Ferris.
    Owen Daniels Investor from Raymond, Ohio
    Replied over 1 year ago
    Very skippable.