First, for those who arent sure how to do the math, in order to determine someones net worth, you need to take into consideration all assets and liabilities and put together a balance sheet.. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . And, you know, Ive been investing, you know, since my exit, in different things, looking for, you know, startups to get involved with, looking for boards to become a part of, looking to advise, Ive been advising some small companies kind of off the books. As a father, this is what Im excited to see happen for my kids soon, and as an entrepreneur, I cant imagine being more proud than building something amazing that can live on beyond me like BiggerPockets has done. This caused a shift in Joshua's reality, so. In my case, the two things most searched are my net worth and why I left BiggerPockets. And, you know, between Brandon and Scott Trench, who was my second in command at the business at the time, and my management team, you know, I tasked those guys and gals to run the business and I had to focus on my family. I felt trapped. This terrifying situation broke us, but didnt defeat us. You know, I didnt know if I needed to take an ambulance to the hospital. But I wanted to be healthier. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Josh Dorkin: So it must have been 07 maybe that that we connected and you and I were talking about, you know, you were thinking about buying different companies, and we were just chatting about that, and that didnt go well for me. Wed launched the publishing business, I mean, you know, the company grew and grew, he will allowed me to think about the business from a holistic standpoint, strategic, and over time, we grew, we scaled, we hired dozens of people. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? Once I realized this, I instantly knew what I had to do. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) In the early years, that was mostly strangers, as most of my friends thought I was nuts, but the coolest part is that today, many of those strangers are my closest friends.Finally, if youre dreaming about starting some crazy idea - whether it be a small business, a startup, a real estate investment, or anything else, I encourage you to take a chance.Life is too short to life without taking some risks.And no one wants to live a life full of regrets.Besides, youll never know if that hobby or idea can become a success if you never give it any real effort. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. And in that time, I realized that I wasnt as happy as I wanted to be running the business, that I went to my wife, year eight of the company, and I was in tears. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. Make sure youre doing everything you can to live your best life. Everything came back clear and they released me. x337R0 B],s@(PH(Y And you are in Hawaii now, right? And Im. Find which one works best for you, your resources, and your goals. I really enjoyed the conversation. Explorer. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter's medical emergency. Heres your host, Dan Daugherty. And I guess, you know, if you dont mind me throwing this in there, you know, if you raised money, or if you bootstrap, you know, its fighting for exit is, I think, one way to run a business, I think the other way to run a business is fighting to create an amazing business. I dont know, maybe, if I get some encouragement from my friends Ill do it. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. But did you, were you ever really depressed at all? &i(y`ryG|29#4#Gj9F){(B;y@OJO,4f7Q$t8*>]SvC,:: Fr9BoQhF8E \lNr)#@ 4S9> HZ)9zve'qQE!Q@Q@Q@Q@Q@Q@JLQ_\h? 5o5IJStAmaMb ; +xWjoI:_g#r3/\)T Moi_9}/?i)me 6Oki!h(pf_ x_V{(n5[Y%{c-Iy,Y^a3{W ?5?m,|W"S*B'D]>V^1_7=|V~ Oct 2004 - Nov 201814 years 2 months. I was already working 40 hours a week at least on Bigger Pockets in those first two years. . Dan Daugherty: Welcome to this episode of The Big exit. But, you know, Ive written a book before with Brandon on real estate. Where are you spending all of your money? We build tools, our content, our social presence. I learned that the sudden eye blur thing could be a sign of a stroke, but I believed it needed to come along with other symptoms. We needed to get this done and time was not on our side. So, you know, being willing and open to change and being dynamic, I think is one of the most important things. Do I hire? Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Dont get me wrong - I used to stress about EVERYTHING. You know, we cant ignore SEO, we cant ignore these things. We've all felt scared about doing that big thing we've dreamed of doing. It was excruciatingly slow and frustrating, but we never let up. vMs=+C>xZ_/>iZg>XA~! But its fantastic. And anything thats stressing me out, you absolutely have to dissect it, and then figure out what the root cause is and that opens up everything else because then you figure out ways, again, Ill use the term operationalize it, is because then it allows you to leverage different tools, maybe you have to delegate more, maybe you dont have to respond within an hour of every single email that comes in, whatever it might be. I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. Along with a team that we put together including physical and occupational therapists, we began to see the wins rack up and by February/March of 2018 she had progressed from her wheelchair to walker to finally walking by herself. As you can see in the image below, every time you shop while using the smile subdomain, Amazon will show you your charity of choice (in this case, you can see that we support Childrens Hospital Colorado Foundation). Purchases from the BiggerPockets Bookstore can only ship within the United States. I make a list of everything thats stressing me out, all the stressors, from big to small, and then I start to knock them off. It was brutal. I dont wish it on anyone to go through what we all went through, but it gave me the time to really think about life. 28 Jan 2023 08:21:40 The company is one that I founded almost 18 years ago and left back in November 2018. Thanks. . And so yeah, that becomes stressful. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started is written by Brandon Turner; Joshua Dorkin and published by BiggerPockets. But yeah, just finding different ways to tweak the way youre doing things, right, if what youre doing personally with your family, and Ive also done that. %PDF-1.6 % So I hired a consultant and he came in and we looked over the business. Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. I didnt take calls. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. Save up to 80% versus print by going digital with VitalSource. Josh talks about what he did to get to a place of happiness and how big changes in his life became catalysts that helped him, his family, and the business grow. Josh, thank you for coming on the show. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. I cant really describe in words what everything looked like, but it didnt feel right. And Im excited to have you on board to really tell the story of how you went from zero to an exit without ever raising a single dime of outside capital. But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. Many of you may know him and he's someone who's going through a whole bunch of transitions in his life, both personally and professionally. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. He convinced a slew of real estate players, such as veteran house-flippers and rental-property investors, to contribute their know-how to BiggerPockets educational blog; added a marketplace for lenders and others to pitch their services; and installed analytic tools such as a calculator that crunches everything from local property taxes to vacancy rates to determine whether that split-level ranch will make for a profitable rental investment. Many of you know how I worked almost 8 years without taking a single day off because of this mentality . Colorado, working ridiculous hours in my basement, I ended up meeting you, of course, and just kept going and going for six more years, until I was ready to throw in the towel. All you need to do is go to https://smile.amazon.com/ and youll have the option to select a non-profit of your choice to give to. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. But then I, you know, just went balls to the wall, so to speak, and, you know, was doing 80 to 100 hours, trying to build this thing out. The list of accomplishments goes on and on, but with this growth came the need to hire, and that we did. You know, Im not without stress, and headaches. We were thinking about picking it up and mailing it to you.\"\r\r At the time, Dorkin had just launched BiggerPockets, a then-nascent website about real estate investing. Josh Dorkin: No, thanks, man, I appreciate it. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. So you know, whether its that or, hey, Im stressed about money, well, you know, you got to then go and break down your budget, and you got to figure out why youre stressed about money. Shopping these days is just a little less fun. serendipitous mindset, but you also need to understand who you are. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. I mean, you know, super, super stressful periods. Im 43 and I know Im not a kid anymore. And so as we were going through this situation with my daughter, little by little she was getting better. Star Wars: Thrawn. I had never, I hadnt invested another penny in. I taught myself how to code a number of years before back in college, and just started to run with it. I was teaching high school in Los Angeles. Startup / real estate investor. How do we do this better than everybody else? Well, what do you need to do to change it? So Ive got a book journal where Ive literally broken my life down into segments, physical fitness, health, I separate them, physical fitness and health, business and work, wife and love, my kids and you know, some people may put faith in there, whatever it is. And lifes too short, man. hb```b``"Y@9YY0sp(AnD$x}9QZuI>'vM`VyU'7>hAUf+-U]Y&-:+5+!Ab` 2:;4:J s `NzxSSgp80/ulk8 so9e1TX @6{c4# ] endstream endobj 96 0 obj <> endobj 97 0 obj <>>>/Rotate 0/Type/Page>> endobj 98 0 obj <>stream It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).Youll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPockets existence. But you know, looking to make that a little more official. Josh Dorkin and Brandon Turner - longtime hosts of the world's number-one real estate podcast, The BiggerPockets Podcast - give you an insider's look at the many different niches and strategies that exist. And particularly, I think the most stressful part was, I was by myself, to your point. They suspected some kind of migraine, and cleared me of all the really scary stuff. Dorkin, 41, wont be hacking houses anytime soon. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcastgive you an insider's look at the many different niches and strategies that exist. Be there for your families. So, without spending any more money or giving up any of your time (both of which I recommend you do in support of great charities around the world), you can be a philanthropist! I get to advise Scott and the current leadership team alongside some incredible partners. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. And if you want to grow and thrive, you have to become seriously adept at it. and they hold the #1 real estate podcast on iTunes. There were personality clashes, bad hires, and everything else you could imagine. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. It wasnt simple enough, and we, you know, we realized that I was doing everything, which I was, I was doing the job of, you know, 17 different people. I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. But, you know, I didnt do a lot of that, you know, I didnt want to share my feelings necessarily in those early years, because I thought it was a sign of weakness. Dan Daugherty: Yeah, theres no shortage of chaos in the startup world and those that cannot adapt to change will inevitably fail and close shop. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future.\r\r \"I would get calls from my buddies who would literally call me on my cell phone [and say] 'Hey Josh, we just walked past a penny on the ground. Julie was in California and I was home alone with the girls. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. Josh Dorkin: I thought I was having a heart attack. These facts can either break you or teach you that you simply have no control of things beyond yourself. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. But cool, you know, and you move from drinks to water, you start losing weight. Do what you need to do to take care of your health. And I realized that I was unhappy. And so we said, hey. Like dont keep doing things that make you miserable. And for me in that period, you know, when I realized I wanted to be healthier for example, and by the way, I didnt have to lose weight. Was it 2009? What are the things that I need to do to be better within all these personal domains? c6h5nh3cl acid or base,

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