Real Estate Investing Tips for 2024 – Ken McElroy, Jaren Sustar
In this episode of the Rich Dad Radio Show, guest host Ken McElroy fills in for Robert Kiyosaki, discussing the transformative financial journey of Jaron Sustar, also known as the Finance Cowboy. Starting with a significant amount of debt due to student loans and consumer choices, Jaron and his wife decided to break the cycle of living paycheck to paycheck. By focusing on real estate investment, they managed to become millionaires by the age of 29. Throughout the episode, Jaron shares insights on overcoming financial hurdles, the importance of financial education, leveraging other people's money for investments, and the power of networking to find and fund deals. The discussion also covers common misconceptions about real estate investing and practical tips for aspiring investors looking to scale their operations and achieve financial freedom.
Why Watch?
– Relatable Journey: Sustar’s transition from being over $100,000 in debt at 22 to becoming a millionaire by 29 through real estate is both inspiring and attainable. His story is a testament to what's possible with the right mindset, education, and action.
– Practical Advice: The discussion provides actionable advice on real estate investing, from overcoming the initial financial hurdles to scaling a successful investment portfolio. Sustar’s methodology, focusing on distressed properties and leveraging other people's money, is laid out with clarity and precision.
– Inspirational: Sustar's background as a pastor's son and a college athlete underlines the power of discipline, faith, and commitment to achieving one's financial goals. His story is a motivational push for viewers at any stage of their financial journey.
– Rich Dad Philosophy: The episode reinforces the core principles of the Rich Dad philosophy, highlighting the importance of financial education, taking action, and leveraging debt as a tool for wealth creation.
00:00 Introduction
01:37 The Path to Becoming a Millionaire by 29
05:21 The Power of Mentorship and Real Estate Investing
09:01 Building a Supportive Network and Overcoming Mental Barriers
13:55 The Importance of Choice and Seeking Opportunities
18:44 Debunking Real Estate Investment Myths
19:28 Understanding the Real Estate Deal Process
21:06 The Art of Finding and Analyzing Deals
24:17 Leveraging Other People's Money (OPM) for Investments
30:46 Scaling Your Real Estate Business
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Hii sir
Real estate here in lower SC seem to be holding out well, even maybe rising.
Awesome show today! Thank you both
Here we go again, market analysis in circles. Finally, Bitcoin moved, but nothing grows like my wallet with Eledator, they can bring profit, that’s the real deal.
Awesome show Ken.
Definitely hyped up almost forgot my rich dad poor dad book but guess now its the time
Great show!
congratulate your success
I think you also have good wife and friends to support you
Thanks your sharing 😊
Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There’s also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It’s not about guessing the market’s next move; it’s about playing it smart and steady during trading…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I’m especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She is FrancineDuguay in TE L E G R AM…
The technical analysis expert I admire the most. Her risk management tactics truly deliver results. Francine Duguay program of expertise has a wide presence across the internet.
Venturing into new investment avenues shows your proactive approach to financial growth amidst these uncertain times. Diversifying your portfolio can help manage risks effectively.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary…
Over the years, I’ve been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Francine insights. It’s akin to finding a diamond in a coal mine.
Jaren…you are about to have your world completely turned upside down if this is what you think is going to keep you going in the next 2-3 years…This WAS a great plan 10-15 years ago, but we need to look at the current situation, and the charts…Oh, how the times have changed…
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said. I’m still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I’m really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kathleen Chandler
Wow. I’m a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i’m in my fifth trade with her and it has been super.
You trade with Kathleen Chandler too? Wow that woman has been a blessing to me and my family.
What impresses me most about Kathleen Chandler is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
I’m new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can’t say much…
Thanks once again for the financial information Ken and Rich Dad Team.
How do I even get into real-estate?