A millionaire mindset is crucial when trying to build wealth. With the right mentality and money making opportunities, you can reach (and exceed) your highest goals. But would a marine recruit, making a low salary be able to do the same? Jabbar Adesada did, and now owns $800k+ in real estate!
After moving in with his father, he was given the strict instruction to read books like “Rich Dad Poor Dad,” “I Will Teach You To Be Rich,” and “Automatic Millionaire”. Jabbar decided to put down his NBA/med school dreams and open up a brokerage account. Lucky for him, right around the time he started investing was the 2020 stock market crash, giving him all the discount he needed to make his first profits.
After running some “when will I be a millionaire?” scenarios, Jabbar realized that real estate, and not the stock market, is the best path to financial independence. Jabbar shares the story of how he was able to find funding, a down payment, and a property that would allow him to house hack, Craige Curelop style. Not only that, Jabbar just closed on a short-term rental in the Smoky Mountains, which puts his real estate portfolio north of $800k!
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Instagram: @jabbar_investar or https://www.instagram.com/jabbar_investar/
TikTok: @jabbar_investa or https://www.tiktok.com/@jabbar_investa
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Todd Baldwin’s Episode of The BiggerPockets Podcast:
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Books Mentioned in Today’s Podcast:
Rich Dad Poor Dad: https://www.biggerpockets.com/richdadpoordad
I Will Teach You To Be Rich: https://www.amazon.com/Will-Teach-You-Be-Rich/dp/0761147489
The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085/ref=sr_1_1?keywords=automatic+millionaire&qid=1636423475&s=books&sr=1-1
The House Hacking Strategy: https://store.biggerpockets.com/products/the-house-hacking-strategy
Buy, Rehab, Rent, Refinance, Repeat (BRRRR): https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing
The Miracle Morning: https://www.amazon.com/dp/B00AKKS278/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
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Episode 257
Show notes at: https://www.biggerpockets.com/moneyshow257
0:00 Intro
3:17 A Slow Conversion to Being FI-Minded
14:01 The Power of Compounding
17:07 Taking Advantage of the 2020 Crash
24:43 Seeya Stocks, Hello House Hacks
32:48 The Importance of Community
42:18 House Hacking at Age 19
55:17 More Real Estate Deals
57:38 An “Obsession” Mindset
1:09:53 Famous Four
1:20:32 An Impressive 20 Year Old’s Story
