433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses 01:18:33

    <p>You may have heard a speech from <strong>Ed Mylett</strong> (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned <strong>speaker, entrepreneur, real estate investor, author, and podcaster</strong>. He has started businesses worth <strong>millions </strong>and continues to teach entrepreneurs through his personal brand.</p><p>What many people don’t know is how much<strong> Ed loves real estate</strong>. That’s right, you heard it first on <strong>BiggerPockets</strong>! It’s not the speaking, writing, and podcasting, it’s owning <strong>cash flowing properties</strong>. As a matter of fact, he just closed on one recently with his son and did an astonishing<strong> $100 million in real estate deals</strong> in 2020.</p><p>Ed emphasizes the importance of <strong>faith, generosity</strong>, and most importantly, setting your life at a <strong>high standard</strong>. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.</p><p>It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions <strong>young investors </strong>to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged<strong> investment opportunities</strong>, this might be the advice new investors need to feel confident going forward.</p><p>This episode also dives into the importance of <strong>having a purpose</strong>, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.</p><p>Links from the Show</p><ul>

Books Mentioned in this Show:

• #Maxout Your Life by Ed Mylett
• E-Myth by Michael Gerber

Click here to check the full show notes: https://www.biggerpockets.com/show433

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