Episode 7

Building a Legacy of Wealth with Brian Tracy: Part 1

In this episode of the Real Estate Wealth Podcast, host Ed Aloe speaks with Brian Tracy, a pioneering figure in the realms of personal and professional development. With a career of over four decades, he has made his mark as a renowned consultant, author, and speaker. Brian talks about the journey of achieving success through persistence, the value of learning from mistakes, and the impact of developing success habits. 

Listen this week as Ed and Brian discuss the critical role of due diligence in real estate and actionable strategies for personal and financial growth, emphasizing the significance of effective goal-setting and time management. 

Quotes

"Most people, unfortunately, are lazy, and they don't do anything that they don't have to do. But successful people are also lazy. However, they realize that if they can identify all the lessons that they learned, is that we will make all kinds of mistakes, but they will take the time to learn from each mistake." -Brian Tracy [14:06]


“Treat everybody like a million-dollar customer. It's the most wonderful thing to treat people, starting with your family in the morning, with your staff, you treat everybody like they're valuable and important people. This has a double effect. First of all, it makes you feel good about yourself to treat others well. It makes others feel good about themselves and they're committed to you and helping you.” -Brian Tracy [38:30]





Takeaways

  • Personal development and an abundance mindset are keys to amassing real estate wealth.
  • Selling more effectively and persistent action in pursuit of goals = more profit. 
  • Embracing your mistakes as learning opportunities can catalyze success in real estate investment and beyond.
  • Brian’s "Seven-Step Method" to wealth: goal setting, planning, continuous learning, and consistent self-improvement.
  • Fostering positive relationships results in personal and professional success.


Timestamps

(01:44) Brian Tracy’s passion for personal and professional success

(04:40) Foundational principles of making money in any field

(10:58) Learning from mistakes and turning them into valuable lessons

(22:20) Habits for success

(30:03) The value of reading and internalizing key ideas from books

(35:01) Positive addiction and the importance of completing important tasks

(40:04) Incremental improvement: using the method to increase income

(47:44) Getting rich slowly and holding onto assets for long-term wealth



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Ed Aloe

CALCAP

Brian Tracy

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About the Podcast

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The Real Estate Wealth Podcast with Edward Aloe

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About your host

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Edward Aloe

Ed founded CALCAP Advisors in May 2008, at the height of the economic crisis. He believed that the disrupted environment presented incredible opportunities for those who could recognize them.

Since founding CALCAP, Ed has been involved in over $1.5B worth of transactions. The Company currently manages over 5,000 units and 65 properties. CALCAP operates in 16 states and has over 140 employees and over $700 million in assets.

Ed graduated from the University of San Diego with a B.B.A. degree in Business. He has served on the Board of Foothill Family Services, a Non Profit, and has actively raised money for Children's Hospital Los Angeles, and the UC San Diego Foundation He also served on the Real Estate Committee for the University of San Diego Burnham-Moores Program, and is currently a founding Board Member of Bridge21 Park City. Ed resides in San Marino, CA with his wife and three children.