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Ep 164: The Power of Discipline: How Larry Gustafson Built a Real Estate Empire from Nothing
Manage episode 440941824 series 3587627
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In this episode, Jamison interviews seasoned real estate investor Larry Gustafson, who started his investing journey with just $500. With a background in insurance and real estate, Larry has amassed a portfolio of over 67 investment properties, and remarkably, not a single one has been a loss—his closest call still turned a small profit. He shares his experience, hoping to inspire even one listener to take the leap into investing.
Larry walks us through his journey from the very beginning, including how he still lives in the first house he ever bought. His secret? He saves over 50% of every dollar he earns. Larry explains the importance of this disciplined approach and why it’s worth considering, even though it’s not always easy in today’s materialistic world.
We also delve into how he maintains his focus and resists temptations, his criteria for identifying the perfect investment property, and what red flags to avoid.
Larry closes out the episode by offering his best advice to the younger generation: How should you be allocating your hard-earned money today?
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