During my Emergency Residency I commuted 75 miles each way to my hospital, for three years. I had a Toyota Prius when gas was $5 a gallon and the car could barely make it over the Grapevine. Staying awake was often a major challenge and the time wasted commuting was tough. I quickly discovered EMrap, an Emergency Medicine podcast, hosted by Mel Herbert. That podcast made the drive bearable and allowed me to learn during my 3 hours of commuting per day. I listened to every lecture at least twice and could recite them by the time I finished my residency… and then I completely stopped listening to podcasts. My commute dropped to 45 minutes and I wasted the time listening to the News, music etc.
It was like I forgot about podcasts; audible books etc or maybe I was subconsciously burnt out after years of driving and listening… probably a combination of both.
However, I have come full circle and rediscovered podcasts and audible books as I am expanding my knowledge about real estate investing. It is difficult to have the time to sit down and read while juggling your career, children, family and friends. Rather than seeing your commute as wasted time see it as protected time for you to listen and expand your knowledge. I am using my drive time everyday listening to podcasts about Real Estate and mindset…. Just like my early Emergency Medicine days…
Below is a list of great podcasts and audiobooks related to Real Estate and Mindset. I will continue to update this list….
Bigger Pockets Real Estate Podcast
This podcast is hosted by Brandon Turner and David Greene and discusses all types of real estate. The podcast has been going for years so there are plenty of episodes. The structure is interview based and many of the guests are in the beginning of their real estate careers. This podcast is both motivational and instructional. This is a great place to start.
Rich Doc Poor Doc
Kenji and Leti from Semi-Retired MD have recently started a podcast in 2020. This podcast is focused on physicians and real estate. It is a nice addition to your Bigger Pockets listening. Bigger pockets focuses on real estate investing in general and Rich Doc Poor Doc is more focused on physician/high income earner related topics.
The Tony Robbins Podcast
If you are looking for motivation and mindset work then this podcast is for you. Tony Robbins might not be for everyone but give it a shot.
Rich Dad Poor Dad
By Robert T. Kiyosaki
Rich Dad Poor Dad is one of the most cited personal finance books ever and is described as the “#1 personal finance book of all time” with over 32 million copies sold. Robert Kiyosaki uses a story about a “Rich Dad”, his friend’s father, and a “Poor Dad” his father to teach principles about personal finance and investing. The book uses various stories and scenarios to describe how the two Dads approach the world and money. The principles taught regarding assets, liabilities, investing and the investor mindset are invaluable. This is the book to read first…
“I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.”
Robert T. Kiyosaki
Millionaire Real Estate Investor
by Gary Keller, Dave Jenks, Jay Papasan
Gary Keller, founder of Keller Williams, is one of the most famous real estate investors in the world. His book Millionaire Real Estate Investor breaks down the principles of real estate investing and how to become a Millionaire investor. He highlights how investors reach this goal. THINK a million, BUY million, Own a Million, Receive a Million.
“Small plans at best yield small results, and big plans at worst beat small plans.”
“All great achievements are the result of sustained focus over time—all of them.”
“Instead of forgetting your dreams and living within your means, try pursuing the means to live your dreams.”
“Deductible, depreciable, and deferrable—are about reducing your taxable income. No investment does that better than real estate, which offers unprecedented tax advantages both while you own it and when you sell it”
Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Investment Strategy Made Simple
By David Greene
This book wins the award for the longest title…. It is a great book that really breaks down the BRRRR Method. Real estate investors have been using this strategy for years but David Greene puts together a good play by play description of how to implement this strategy. He also goes into detail about the troubles he experienced during his first few properties. Most people only speak about their successes so it was refreshing to hear about the struggles he went through when building his portfolio.
Bluefishing: The Art of Making Things Happen
By Steve Sims
Bluefishing is not directly related to real estate or finance but it is an awesome book. It is written and narrated by Steve Sims and can be described as a blue print for life and working with people. Throughout this book he described how he learned to break down his internal walls and make the impossible possible. This book is a great read and even better as an Audible. Below are some of my favorite quotes from this book:
Throw away the “that could never be me” mentality. Instead, ask “Why couldn’t it be me?”
No one ever drowned from falling in the water, they drown from staying there.
Ask “why?” at least three times. The first why is what they think they think. The second “why” is what they think you want to hear. The third “why” is what they feel
“Nothing is ever going to happen if it benefits only you, work for win-win every time.”
“Failure is just an education in what not to do. For every failure, you are learning. Take pride in your scars.”
“Avoid analysis paralysis. While other people are planning things to an early death, bluefishers have already tried something four different ways and learned what works.”