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

by | BiggerPockets.com

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

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 1500,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!

9 Comments

  1. Nathan G.

    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!

  2. Kim Stofan

    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.”

  3. Jd Martin

    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.

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