Last week, I attended a one-day event hosted by the legend Ron Legrand.
This event was part of the Family Mastermind, owned and run by Matt Andrews.
If you are thinking, "Well, who is Ron?", then you may not be plugged into the real estate industry.
He is an OG in the space known for buying over 2000 properties. His education products have helped many students become millionaires over the last few decades.
Now, this event was mostly about marketing, selling education products, and creating communities.
These one-day events allow investors to get up and provide a give to the group and ask to solve their problems.
This is especially helpful in whatever you want to accomplish, plus you learn a lot from hearing from others more than anything.
You are probably wondering: how does this apply to me?
Well, that's the thing. We are all marketing ourselves throughout our lives.
Whether it be for deal flow or putting ourselves out there as an authority.
So, I want to quickly break down some great takeaways.
Hiring Talent
The world is full of talented people, and access to these people is getting easier by the day.
For example, one lender used Darrin Carr to source an integrator for their lending business, and this lady was able to jump in, clean up the company, and start growing it.
This allowed the owner to be the visionary and not get caught up in the day-to-day problems.
This is just one example. So don’t be cheap whether you are running your own business or just investing for yourself.
You should use a talent agency or jump on Upwork to source talent to help you build financial models.
The benefits outweigh the cost by a mile.
Social Media
Sam Primm shared how his Instagram account brings unlimited leads from his community.
While you may not want to be an influencer, it doesn't mean you can't create some content for even a small audience.
Remember, a targeted audience of even 100 people can increase deal flow and relationships that could take your portfolio to the next level.
For most who may be shy on social media, just start a newsletter, invite your friends, and tell them what you are doing weekly.
I would go with the Beehiiv platform for this.
Think of social media as no different than hosting private events 20 years ago or local meetups where you just showed up and spoke with other investors.
We can do a full article on this in the future as this has had a big impact on many people.
The short of it is: that we are all going to die someday. No matter how much you make, most measure their success to net worth and not memory dividends.
What is memory dividends? Well, these are experiences in your life that are unforgettable and when looking back at 85, remind you of your awesome life.
You may ask why this is important as an investor.
Many investors have more money than needed and less time to be active.
If you understand your current net worth and what returns your investments make, then it's time to play with calculators like the Die With Zero Calculator.
Continue to make investments, but make sure you use your prime years to create these memory dividends.
You can be an investor 'til the day you die, similar to Charlie Munger.
But, your kids are only in the house for so long, your physical shape diminishes as you age, and your loved ones will pass away.
So make sure you get to living while also investing.
