REI076: Paralyzed NFL Player to Serial Real Estate Entrepreneur w/ Terrence Murphy

IN THIS EPISODE, YOU’LL LEARN:

4:07 - Lessons Terrence learned from having a dream he worked his entire life for ripped away right after it was achieved 5:42 - What mindsets to cultivate and actions to take in order to persevere in hard times 6:28 - How adaptability and being “smart enough to know what one doesn’t know” can help propel one’s career  9:00 - How to avoid struggling financially or going broke (as an NFL player) after retirement  12:49 - Why real estate is a good backup career and where to begin/what to focus on once you’ve decided to go full time  14:26 - How to scale your company and best manage multiple real estate businesses (i.e. real estate brokerage, a property management company, a mortgage company, an insurance company, etc.)  21:59 - Which real estate business is the most profitable  26:31 - Why hiring candidates with little to no experience may be the best strategy for entrepreneurs 29:59 - Whether to focus on one business or juggle multiple businesses at the same time 37:36 - How to set up a personal portfolio outside of one’s business  41:22 - Terrence’s financial worries for the next one to five years and how he is making preparations to protect his investments  43:17 - Which habits or principles to incorporate into your life that will help lead to your success And much, much more!

EPISODE RESOURCES

Get more FREE content from Robert Get a FREE audiobook from Audible Terrence Murphy’s show, Real Estate Entrepreneur Podcast Terrence Murphy’s TM5 Properties Website Chad Carson’s book Retire Early with Real Estate Mark Ferguson’s book Build a Rental Property Empire David Goggin’s book Can’t Hurt Me All of Robert’s favorite books Support our free podcast by supporting our sponsors

Read this episode’s transcript and full show notes on our website.

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