Top 5 Takeaways from the 2021 The Real Estate Guys Summit on the Sand

The 2021 The Real Estate Guys Summit on the sand was one of the best investments I have made. I was able to reconnect with old friends, expand my network of thought leaders, industry experts and challenge my existing ideas so I can better serve my investors and the communities we invest in. If you are interested in going next year, I would highly recommend it. It will benefit anyone looking to build their network and understanding of investing.

Here is a summary of my top 5 takeaways from the event:
 

1. Mission is everything – Robert Kiyosaki

I had the pleasure of doing a book study with Robert Kiyosaki on his pre-release book Capitalist Manifesto. He talked about the importance of Rich Dad Poor Dad, the Cashflow Game, and how those have informed the Capitalist Manifesto. He described how over the years the team is formed by the mission. The mission is how you attract and develop great teams. Katie and I are living this in our current projects!

2. How you say something and what you communicate is far more important than what you are trying to say. – Robert Kiyosaki, Robert Helms, and Russell Gray

It’s important to stay aware of what you are saying and how. It will affect your ability to communicate. No one is perfect so it’s also important to look past others' mistakes or imperfections and listen to understand. By listening to others, you are not endorsing what they have to say you are simply showing respect and love. Last, boundaries are important, and you need to have guardrails in your relationships.

3. How to Study a Book

• Get clear on what the author is saying;

• Reflect on what history has taught us about the author's message; and,

• Define the actions or set of actions that you will take as a result of this information.

4. Live Your Values

Ken McElroy shared a story of how we wanted a new car. The car was a liability. He didn’t need to have it however he decided to invest in a piece of land that had a billboard on it. He created an easement around the land where the billboard was and then sold the remainder of the land for a profit. The cash flow from the billboard paid for his car. To me, the takeaway is Ken could afford literally any car on the face of the earth. His success doesn’t enable him to spend more money. His values are why he is successful! He knows the only sustainable way to purchase things is to make sure his passive income can cover his expenses. If you would like to learn more make sure to come check out our next CashFlow Game and learn how you can build financial freedom!

5. Hypergamy – George Gammon

This can be a controversial topic however, George’s point was to pursue excellence and live up to your potential. That is what will make your partner respect you. Pandering isn’t the answer. You can pursue excellence while maintaining humility and respect.

In summary, BMD Investment Group will continue positioning our team with thought leaders and people who have experience doing much larger projects. These relationships, lessons, and inspiration will continue enhancing our projects in the communities we serve and drive sustainable returns for our investors. 

If you would like to learn more about our development opportunities or would like to block time for our next “unlock the power of your balance sheet session” make sure to schedule time with Ben or sign-up for our next Cashflow Game here. Until next time keep learning and share the wealth by forwarding this to a friend or family member who might benefit!

-Ben