WE INFLUENCE PEOPLE AROUND US WITHOUT KNOWING IT

WE INFLUENCE PEOPLE AROUND US WITHOUT KNOWING IT

Jason MalabuteBusiness Member
Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 897 votes

Before I got into real estate I was into self development.   In self-development you learn to accept/love yourself, self-expression, and going for what you want in life.

As a man with a disability and a minority in America I would have never gotten the courage to start a business, approach sellers, and invest in real estate without those many years in self development. I first learned sales (selling your personality) when I first started to push myself out of my comfort zone in Hollywood nightclubs every weekend. I was so obsessed with improving my social life I noticed that energy is contagious .For a while my social life was reaching levels that was surprising my own eyes. It seemed like all my friends wanted to party with me every weekend. But there was still a void.

Years later I felt that the going out 3-4 times a week were not aligning with my long-term goals anymore. Actually, I noticed that I was maturing when my "long-term" goals became longer than 2 weeks. I wanted to leave a legacy for my family, community, and culture can be proud of. I became interested in Rich Dad Poor Dad where I learned that wealth is built by acquiring income producing assets. From 2017-2020, I bought 4 properties. In 2020, I started my journey of being an entrepreneur and working on acquiring my first apartment complex (still looking). I learned so much and made so many mistakes in my first few years as an entrepreneur. I learned how to analyze deals, cold call, raise capital, negotiate deals, etc. I'm just amazed that the same people who used to follow my footsteps doing unproductive stuff, like partying every weekend from sun up to do sun down, have refocused themselves to entrepreneurship like I have.

I get multiple messages a week about how I inspire people and ask how to get started in real estate. I give the same advice that I did when I first got started: 1) watch all of the Biggerpockets videos for a year, 2) read all of the Biggerpockets books 3) save 50% of your income to invest. 

The uhh-huh moment for me was when my little cousins started asking me about business instead of the crazy club stuff I posted on my snapchat the night prior.

I realize my actions influence the next generation!   

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    5y

    “I am not a role model. I’m not paid to be a role model. I’m paid to wreak havoc on the basketball court. Parents should be role models. Just because I dunk a basketball doesn’t mean I should raise your kids.” ~ Charles Barkley

    The truth is, we are all role models 24/7/365. We may not be mentoring others or raising children, but our daily actions are watched by others and makes an impact, for better or for worse. Charles Barkley isn't deliberately raising people's children, but his behavior on and off the court is closely watched and influences others.

    We are all role models.

    The DIY Landlord Book4.7248 Reviews
  • Kenneth GarrettPro Member
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    5y

    @Jason Malabute

    Great perspective. Hopefully we all mature at some point and use that drive to excel in what really matters. Taking care of our family and others. Attend a REIA meeting and if the word gets around you have multiple properties that cash flow or you flipped three properties this year you are revered in those circles. Why is that? Because investing takes risk and guts. What if I make a mistake, I don't want to get calls at 3:00 am the toilet is overflowing and the list goes on. Only 5%-10% of attendees at REIA meetings actually are investors. It's a very low number. To invest takes work. It's not HGTV and in 30-60 minutes we're done. It's no different then your W-2 job. You must perform and it takes effort. REI is the same. The benefits are fantastic. There are many tax advantages provided you have the right CPA and you get to pocket cash flow; how can you go wrong with that.

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