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The Money School Podcast shares the secrets of the wealthy, so you learn how money really works and take back control of your life!

You'll hear the inside story of wealthy entrepreneurs and investors... breaking down how they got started, how they think about money, how they put money to work for them, and how you can change your life simply by doing ONE thing differently with the money you already have.

Through the podcast, you'll become your own bank - mastering how money really works - so you can use it to gain the upper hand and take command of your finances. After all, building wealth isn't about resources, it's about being resourceful. 

Hosted by Chris Naugle, former pro snowboarder turned real estate investor, serial entrepreneur, and money mentor, this podcast has one mission - to show you how money really works so you can reclaim control of your life!

Feb 20, 2020

The first year of real estate investing comes with numerous challenges, adjustments and variables that you won’t encounter in the 9 to 5 world. What are some of the obstacles investors face in their first year? What are the variables we need to be prepared for? How do we use these lessons to become better leaders? In this episode of the Real Estate Money School, investor Robert Heyder shares his personal journey and how he built up his business to owning and managing 110,000 sq/ft of commercial property. 


Three Things We Learned

Don’t leave the 9-5 too quickly 
Many of us want to leave the 9-5 world as soon as possible to invest full-time, but there are advantages to holding onto a steady income source. It helps you get bank financing, and can supplement your income in that first year. 

Bad deals provide necessary learning
Bad deals happen, and even though they create a lot of stress and strain on our businesses and finances, we can learn a lot from them. The challenges that come with bad deals will teach us lessons that will make us better investors. 

Our reactions to challenges impacts our teams 
Real estate investing isn’t always easy and there are many low points where we may become discouraged. It’s easy for our negative mindset to affect our team, and bring their morale down. It’s important to set expectations with people upfront to know that hard moments can happen.


Guest Bio- 

Robert Heyder is the founder of Core Properties, co-founder of Core Realty and a VA company, Bottle Neck Real Estate. Robert owns nearly $6 million in residential rental properties and 110,000+ square feet of commercial real estate valued at over $14 million. 

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