The 3 “Pillars” of Wealth You NEED to Succeed in Real Estate

Episode #328

Pre-order your copy of “Pillars of Wealth” today: https://biggerpockets.com/pillars

If you dream of becoming a successful real estate investor, there are three “pillars” of wealth you must build in your own life. What are these keys to financial freedom? Well, fortunately, today’s guest has written an entire book about them!

Welcome back to the "Real Estate Rookie" podcast! Today, we’re speaking with none other than David Greene—host of the "BiggerPockets Real Estate" podcast and author of SIX top real estate investing books—the latest of which is titled "Pillars of Wealth." Far too often, rookie investors dive into the world of real estate without having mastered the three areas they need to succeed—making, saving, and investing their money. Then, they are gutted when real estate doesn’t work out for them. The truth is that the money habits you build today will follow you throughout life. Work hard, foster a healthy money mindset, and master one challenge before advancing to the next. This is the real path to financial freedom.

In this episode, David shares his own experiences with money—including how he was able to steadily increase his income over time, save over $100K while in college, and find success as a real estate investor. You’ll learn about the true cost of financial freedom, how to play offense AND defense with your money, and why you MUST work the long game with real estate—prioritizing delayed gratification over immediate cash flow!

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BiggerPockets: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @davidgreene24 or https://instagram.com/davidgreene24
Website: https://davidgreene24.com or https://www.davidgreene24.com/spartan
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/


Show notes at: https://www.biggerpockets.com/blog/rookie-328?utm_source=youtube&utm_medium=description&utm_campaign=none



0:00 Intro

02:52 The “Pillars” of Wealth

09:46 Crunch the Numbers!

26:21 Ice Cream Scooper to $100K Saved

34:41 Financial Offense AND Defense

46:25 The Investing “Long Game”

52:57 Start Building the 3 Pillars!

57:04 Connect with David!