Breaking Down My Biggest Mistakes As A Real Estate Investor: Real Estate Pitfalls To Avoid with Jeremiah Boucher (Patriot Holdings CEO)
Manage episode 454948471 series 3404351
Jeremiah Boucher built a $350 Million portfolio of commercial assets (self-storage facilities, mobile home parks, industrial assets) from zero, through constant improvement, investing ahead of the curve, and hard work & execution.
In this episode:
Self-Worth and Business Identity: Jeremiah emphasizes the importance of not identifying oneself with their business or financial success. Personal worth is not tied to financial status.
Value of Money: Money itself does not create happiness. While it’s necessary for certain comforts, genuine joy comes from non-material experiences and connections.
Comparisons and Self-Perception: Comparing oneself to others is unproductive. Instead of focusing on others’ standards, it's essential to find personal fulfillment through one's unique path.
Work-Life Balance: Taking strategic time off is crucial. Overworking can lead to burnout, and time away from work can enhance creativity and personal well-being.
Intentions Behind Actions: The intention behind actions matters. Authenticity in doing what you love naturally leads to better productivity and fulfillment.
Understanding Personal Strengths: Knowing and leveraging personal strengths, while delegating tasks you dislike, can lead to more satisfaction and effectiveness in business.
Size and Growth of Business: Bigger is not necessarily better. Fast and unsustainable growth can lead to more problems and potential business failures; steady growth is preferable.
Personal Fulfillment: Following what personally fulfills you rather than what’s expected by others leads to a happier life and more sustainable success.
Joy in Simple Pleasures: Real joy is found in simple, non-material activities like exercising, spending time in nature, or being present with loved ones.
Continuous Learning and Adaptation: Growth comes from learning through experiences, including mistakes, and adapting positively. Constant self-reflection and being present are key to growth.
Are you interested in investing in Commercial Real Estate? Learn more at www.patriotholdings.com
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