{"id":131799,"date":"2020-11-08T00:01:59","date_gmt":"2020-11-08T07:01:59","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=131799"},"modified":"2023-04-13T23:07:52","modified_gmt":"2023-04-14T05:07:52","slug":"biggerpockets-podcast-415-stig-brodersen","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-415-stig-brodersen","title":{"rendered":"Studying Billionaires: The 3 Timeless Principles for Wealth with Stig Brodersen"},"content":{"rendered":"<p>Ever wanted to know how <strong>Mark Cuban, Richard Branson, and Warren Buffett<\/strong> seem to invest with ease? Or how you can <strong>leverage <\/strong>and <strong>measure your risk<\/strong> to make <strong>billionaire <\/strong><a href=\"https:\/\/www.biggerpockets.com\/blog\/key-financial-decisions-middle-class-americans\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>financial decisions<\/strong><\/a>?<\/p>\n<p>On this episode, <strong>Stig Brodersen<\/strong> \u2013 investor, teacher, and host of the popular <a href=\"https:\/\/www.theinvestorspodcast.com\/we-study-billionaires\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>We Study Billionaires<\/em><\/a> podcast \u2013 brings you his distilled wisdom on success, mindset, the stock market, and the <strong>3 universal traits<\/strong> shared by ultra-elite investors \u00a0(and no, they don\u2019t include flying first class or eating copious amounts of caviar).<\/p>\n<p>Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began <strong>studying billionaires<\/strong> starting from the top of\u00a0the Forbes 400 list. He didn\u2019t get far before he \u201cfound his fire,\u201d discovering passion and community in studying the <strong>stock market<\/strong> and the most heralded investor of all time: Warren Buffett.<\/p>\n<p>He has since interviewed <strong>hundreds of guests<\/strong> on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.<\/p>\n<p>You might be thinking: <em>\u201cThey\u2019re interviewing a stock market investor on a real estate podcast?\u201d<\/em> Yes, and any real estate investor could learn a thing or two!<\/p>\n<p>As a practiced student of the financial markets, Stig calls out <strong>all-too-common mistakes<\/strong> made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.<\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on Apple Podcasts.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC6082520476&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Episode Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Studying Billionaires: 3 Principles for Wealth with Stig Brodersen | BiggerPockets Podcast 415\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/p63qaTzaKzI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! 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Use code <strong>BPTRIAL<\/strong> and sign up for RentRedi\u2019s quarterly\u00a0plan at <a href=\"https:\/\/rentredi.com\" target=\"_blank\" rel=\"noopener noreferrer\">RentRedi.com<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-131591 alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/roofstock-300x138.png\" alt=\"\" width=\"261\" height=\"120\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/roofstock-300x138.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/roofstock.png 674w\" sizes=\"auto, (max-width: 261px) 100vw, 261px\" \/><\/p>\n<p>Whether you\u2019re an individual investor, fix and flipper, or broker or agent, <strong>Roofstock<\/strong> can\u00a0help you easily sell your rental property while keeping more money in your pocket.\u00a0<strong>Roofstock<\/strong> can help you market your listings to a\u00a0massive audience of real estate investors so you get as many eyeballs on it as possible.<\/p>\n<p>To get your free property valuation and learn more about the benefits of selling your\u00a0rental property through Roofstock, visit <a href=\"http:\/\/Roofstock.com\/sell\" target=\"_blank\" rel=\"noopener noreferrer\">Roofstock.com\/sell<\/a>.<\/p>\n<h2>Mid-roll Sponsors<\/h2>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-131344 alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/10\/Zibo.png\" alt=\"\" width=\"113\" height=\"113\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/10\/Zibo.png 200w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/10\/Zibo-150x150.png 150w\" sizes=\"auto, (max-width: 113px) 100vw, 113px\" \/><\/strong><\/p>\n<p><strong>Zibo<\/strong> is your one-stop-shop\u00a0for rental property finances. <strong>Zibo<\/strong> brings together all the financial tools a landlord needs in one platform, with one login. Zibo also helps landlords save on insurance and get access to competitive loans.<\/p>\n<p>Sign up for Zibo today so you can save time, grow your business, and achieve the ever-elusive passive income. Visit\u00a0<a href=\"http:\/\/zibo.co\/bp\" target=\"_blank\" rel=\"noopener noreferrer\">Zibo.co\/bp<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-131853 alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/NorthOne-300x45.png\" alt=\"\" width=\"273\" height=\"41\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/NorthOne-300x45.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2020\/11\/NorthOne.png 680w\" sizes=\"auto, (max-width: 273px) 100vw, 273px\" \/><\/p>\n<p><strong>NorthOne<\/strong> is a digital bank, built for business owners and entrepreneurs just like you.\u00a0No matter where you\u2019re working from, with NorthOne you can;\u00a0Easily keep tabs on your transactions, make payments in a flash, and send or deposit a check digitally, no checkbook or bank visit needed.<\/p>\n<p>NorthOne makes it easy to manage your money, so you can focus on growing your real estate\u00a0business.<\/p>\n<p>Go to <a href=\"http:\/\/north.one\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">north.one\/biggerpockets<\/a> to get setup in 3 mins.<\/p>\n<h2>Post-roll Sponsors<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 no-display appear alignleft\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out\u00a0<strong>SimpliSafe<\/strong> Security&#8217;s DIY home security <a class=\"linked-term\" href=\"https:\/\/www.biggerpockets.com\/blog\/2015-07-06-ultimate-guide-systems-outsourcing-real-estate?itm_source=ibl&amp;itm_medium=auto&amp;itm_campaign=opt\" target=\"_blank\">systems<\/a>; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Go to\u00a0<a href=\"http:\/\/simplisafe.com\/pockets\" rel=\"noopener noreferrer\" target=\"_blank\">SimpliSafe.com\/pockets<\/a>\u00a0to enjoy their 60-day money back guarantee.<\/p>\n<h2><\/h2>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>The <strong>3 timeless traits<\/strong> of billionaires<\/li>\n<li>Why real estate investors should <strong>\u201ccross-train\u201d<\/strong> in the stock market<\/li>\n<li>Assessing <strong>best- and worst-case scenarios<\/strong><\/li>\n<li>Why you need to &#8220;resonate&#8221; with your chosen <strong>asset class<\/strong><\/li>\n<li>Why real estate is an <strong>asymmetric bet<\/strong> with high reward for relatively small risk<\/li>\n<li>How to get into investing in the <strong>stock market<\/strong> with little-to-no experience<\/li>\n<li><strong>Common mistakes <\/strong>of new stock market investors<\/li>\n<li>How a BiggerPockets member <strong>saved Stig&#8217;s life<\/strong> on an overseas trip (really!)<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a><\/li>\n<li>The Investor&#8217;s Podcast Network&#8217;s list of <a href=\"https:\/\/www.biggerpockets.com\/blog\/top-9-podcasts-for-real-estate-investors\" target=\"_blank\" rel=\"noopener noreferrer\">best investing podcasts<\/a><\/li>\n<li><a href=\"https:\/\/www.theinvestorspodcast.com\" target=\"_blank\" rel=\"noopener noreferrer\">The Investor Podcast Network<\/a><\/li>\n<\/ul>\n<h2>Books<\/h2>\n<ul>\n<li><a href=\"https:\/\/amzn.to\/32j561k\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Never split the difference<\/em><\/a> by Chris Voss<\/li>\n<\/ul>\n<h2>Connect with Stig:<\/h2>\n<ul>\n<li><a href=\"https:\/\/twitter.com\/stig_brodersen\" target=\"_blank\" rel=\"noopener noreferrer\">Stig&#8217;s Twitter\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.theinvestorspodcast.com\" target=\"_blank\" rel=\"noopener noreferrer\">Stig&#8217;s Company Website<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":131862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-131799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/131799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=131799"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/131799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/131862"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=131799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=131799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=131799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}