We often fear a new venture because we fear the possibility of failure. But, if you keep stressing about this “possibility,” you rob yourself of the chance to succeed. Not only that but only in trying do we find what we truly want and learn how to get it. All you need to do is take that first step. Invest in yourself and see where it takes you. Today, we have someone who did just that, where he took those first steps to a better future, which eventually became his “now.” In this episode of Wealth Science Podcast, Tim Kelly shares how he made the jump from single-family to multifamily, why we should find others with the same goals as us, and how to build genuine relationships with a go-giver mindset.

Also, learn why investing in yourself is the best investment you can ever make in this episode of Wealth Science with guest Tim Kelly!

Why Your Mindset Is Your Reality

To succeed in any venture, you need to have the mindset to keep going until you do. However, this mindset can only be a result of believing in yourself. After all, even if you have all the skills and knowledge in the world, you won’t go anywhere if you are too scared to take that first step. Unfortunately, we live in a society of consumers where fear is built into our DNA through different systems, from schools, workplaces, and even our own homes. In turn, we never had the freedom to think about what we want, let alone how to get it. But with the pandemic, a lot of us got to contemplate what’s important to us. Then again, overthinking can lead to doubt, hence why immediate action should always follow.

For instance, Tim often experienced in his coaching session that even the most high-performing students “fail” because they let the failure and the possibility of failure stop them, robbing them of a chance at success. And so, if you want success to be your reality, see even the worst failures as steppingstones to your success. After all, failure only buries you if you let it, so instead, let failure empower you to keep going.

Stay tuned as Tim talks more about changing your mindset to change your reality in this episode of Wealth Science!

About Tim Kelly:

Tim Kelly is a real estate investor, educator, author, and speaker, who recently separated from the US Navy as a Chief Petty Officer after 15 years of service. Now, as VP of Education and co-owner of Active Duty Passive Income, Tim helps active, veteran, reserve, and other military-affiliated personnel realize their financial freedom goals through real estate investing.

Tim has been investing in real estate since 2011 where he purchased his first single-family residence to force appreciation and flip for a profit—his first “house-hack.” Nowadays, he serves as a Senior Managing Partner of Kelly Housing Group and ADPI Capital, syndicating and investing in multifamily property in the affordable and workforce housing spaces, focusing on apartment communities, mobile home communities, and storage facilities.

Outline of the Episode:

[01:53] Tim’s origin story, from where he grew up to where he is now.

[06:29] The power of investing in yourself

[07:19] “If you were making a million dollars a week, how would you spend your time?”

[09:10] Educate yourself and find others with the same desires as you!

[13:11] Why you should put yourself out there and build relationships.

[17:06] How to make that jump from single-family to multifamily

[22:02] With every investor comes different ways to invest passively.

[27:20] People invest in deals not just because of the deal itself.

[29:43] Avoid the biggest mistake that new investors make.

[33:31] Failure as part of success and finding meaning in what you do.

[36:36] “The more you give, the more you receive!”

[41:39] The one major role model in Tim’s life

[42:42] What a perfect life looks like for Time Kelly

Resources:

Tim Kelly on LinkedIn

Active Duty Passive Income

The Go-Giver by Bob Burg

Interested in passively investing in real estate? Click here: www.execequityinvesting.com

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