Episode 362： From Oil To Real Estate
Episode Stats
Words per Minute
172.26128
Summary
In this episode, I take you to Flagler s House and talk about how he built one of the most prestigious real estate properties in America, and why you should focus on the one thing you already have and not the next one you get.
Transcript
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So we are right now at Flagler's house, which is now a museum, and if you don't know who Flagler was, he was one of the original founders, co-founders of the Standard Oil Company.
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Their business partner was with Rockefeller, and made his wealth, a lot of money, through oil, a ton of money.
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And then he decided to get into the real estate business, built one of the most prestigious properties in America, possibly in the world, called Breakers, which is right across the street over there.
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The local members, you can be a member there, I think it's like $10,000 for 45 days.
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And then he built this house on this side, which you see right behind me.
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It looks just like the White House, except maybe even better looking than the White House.
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You know this whole thing that you keep talking about multiple streams of income, you keep hearing people talk about.
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And people get distracted with the next career of what they want to do.
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I just want to walk over there real quick so they can see it.
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So many people try to be already on the next business before finalizing their existing business.
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I want to own a bunch of real estate all over the world.
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He got to see where his property is at to kind of get an idea.
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If you haven't heard of Breaker's Hotel, go look him up.
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And Mar-a-Lago is a property owned by Donald Trump.
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That's where he lived until he died and his wife died.
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So before you get a little bit too much into thinking about the next seven businesses you
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want to own, study a story like Flagler and a lot of other people that created their wealth
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off of one industry, what they did for 10, 20, 30 years.
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Then they moved on to bigger, bigger, bigger and better things where one day people all
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over the world are coming here to a museum just to see the house he lived in.
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He built a golf course right across the street from his house and right across the street
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from the golf course he built, he built a 450-bedroom property called Breakers, which
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Vanderbilt's have partied at, Rockefeller's have partied at, all the presidents have been
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Go scale your business to levels, such high levels that creates real wealth.
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I'm not talking just, you know, two, three, four millions.
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So then you can do anything else you want to do next.
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And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
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