Today’s REI Classroom Lesson

In the classroom today, Greg Reid talks to us about how crucial it is to surround yourself with successful people.

REI Classroom Summary

By setting yourself up with the right people, you’re positioning yourself for success.

Listen to this REI Classroom Lesson

Real Estate Investing Classroom Show Transcripts:

Mike: Welcome back to the REI Classroom where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.

Greg: One of the greatest messages I ever heard was about surrounding yourself with people that get the results you want. It’s the difference between counsel and opinion. Hi everyone, this is best-selling author, speaker, filmmaker, Greg S. Reid, right here in San Diego, California.

Mike: This REI Classroom real estate lesson is sponsored by

Greg: When I had a chance to sit down and interview the guy who did string theory, he said, “Successful people seek counsel and failures listen to opinion.” I go, “What’s the difference?” He goes, “Well, think about it. Opinion’s based on ignorance, lack of knowledge, inexperience. Like all your family and friends who have never done what you’re about to venture upon. Counsel is based on wisdom, knowledge, and mentorship people have already paid the world.”

Now, he says, “Think about it. If you go a family friend and you say, ‘I’m going to get into the flipping business,'” they’re going to tell you, “You can’t do that.” Why not? “I don’t know, you just can’t.” That’s their opinion. They never did it. If I go to FlipNerd and say, “Hey, I’m going to get into the business too.” They say, “Great. Before you get started, here’s what you need to know,” and give you counsel based on wisdom, knowledge, and mentorship.

When I did my other book, it’s called, “Think and Grow Rich Stickability,” it’s about the power to persevere. One of the greatest takeaways was what the guy named Steve Wozniak. Everyone knows him from Apple computer. And I said, “Did you and Steve want to give up from time to time?” “Yeah,” he goes, “but what kept us going was we embraced our lack.”

I go, “What do you mean?” He goes, “Most people see a lack and they run from it. We actually embraced it.” I go, “Give me a definition.” He said, “When microchips came out, they were so expensive we could only afford one chip.” He goes, “Jobs sold his Volkswagen and I sold my calculator and we chipped in to buy one of these fancy microchips.”

He goes, “But Hewlett-Packard was rich. They’d take a machine and go from point A to point B with 20 of these chips. I’d pull away five, and I’d get it to work. I’d pull away five, and get it to work until finally, I could go from point A to point B using our one chip.” He goes, “We weren’t trying to be cool or slick or unique, we were just looking for the shortest, cleanest path. And by doing so, we changed the way that people do personal computing for the rest of the world for the rest of your life.”

Let me ask you. Where could you be right now if you start seeking counsel and also then the challenges that are around us as truly an opportunity, a blessing in disguise? Never give up. All you need is a little stickability and you can go a long way.

Mike: can help you get access to up to $150,000 in revolving credit lines to fund your business with rates as low as 0% for the first 12 to 18 months. Use the funds for start-up costs, marketing, inventory, heck, you can use it to buy houses and pay for rehabs or almost anything else that your business needs. If they can’t get you funding, you don’t pay a dime. Get funds for your business today at

Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.

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