Ep. 63 - Embracing Failure with Hugh Zaretsky
Hugh Zaretsky was an IT executive until his wake-up call came on 9/11. Realizing how short life can be, and how important it is to do something you really love. Hugh loves investing in cash-flowing (STR, SFH & Multi-family) properties, businesses, and training entrepreneurs. He is a published author with Jack Canfield, Les Brown, and others. His NEW book “The Launch Button” was released on November, 1st 2022, and became an Amazon best seller in 4 categories in 1 day. Hugh has successfully trained over 12,000 real estate investors & entrepreneurs. He is a former Certified Real Estate Continuing Education Instructor in California, Florida, New York, & Texas. Hugh’s other businesses include a private real estate portfolio company and a cohosting business to manage Short Term Rentals for other people. To learn more about Hugh, be sure to check his webpage at hughzaretsky.com
In this episode, Hugh shares his experiences as a successful entrepreneur, business leader, and teacher who has helped over 12,000 people launch their passions in real estate investing and business ownership. After 9/11 he realized how short life could be and decided to pursue his dreams. He shares his story of overcoming obstacles and developing a system that helps others build the life they want through real estate investing, starting businesses, and following their passions. We also discuss his books with Jack Canfield and Les Brown as well as his newest book “The Launch Button” which released in November 2022. Then, Hugh focuses on the importance of identifying one's passion and having the plan to achieve it. It emphasizes that money should not be villainized, as it is a tool with which one can make the world a better place. We discuss Tony Robbins' Vivid Vision book as a useful resource for creating a plan to reach one's goals. We also look at accepting failure and risk in order to achieve success, discipline in routine to achieve success, breaking out of limiting beliefs and fears to build confidence, understanding generational patterns to move forward with new habits, real estate sales, investments, buying a home, setting KPIs for tracking success rather than setting end goals and the value of cash flow properties as a wealth building strategy.
[00:00 - 15:34] Building the Entrepreneur Mindset
● Hugh Zaretsky was introduced to the show.
● Hugh shares with us an interesting story about how he got into real estate and entrepreneurship.
● Zaretsky quickly realized that he was unhappy and started investing in real estate to learn how to be a public speaker
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[15:34 - 30:04] Failure: A Learning Opportunity
● Bravery or courage is not the absence of fear but the determination that something is more important than danger.
● People who take massive risks are not afraid of failure because they have determined that something is more important to them than that failure.
● Failure is just a mindset, and you are going to see massive growth when you adopt this mindset.
● Hugh does not call anything a failure but instead sees it as a learning opportunity.
● You have to stairstep your way to success, which involves having failures and learning new things along the way.
● Entrepreneurs have to get used to the entrepreneur rollercoaster, which involves both successes and failures.
[30:04 - 48:34] Build Confidence, Break Patterns and Take Action
● Embrace what you fear.
● Cultivate experiences to overcome fear.
● There are generational patterns that you have to break out of.
● Family influence can extend beyond the present generation.
● Family patterns can be seen in fear, investing, and spending habits.
● The habits learned in childhood can impact adulthood.
● Writing out your thoughts is therapeutic and can help you organize your ideas.
● Some of the best ideas come when you're not working.
● Real estate investments require effort and work to be successful.
[48:34 – 01:02:10] Closing Segment
● What are the key elements you look for when investing and what is your strategy for building wealth?
o When investing, Hugh prioritizes cash flow properties that generate steady income exceeding expenses, regardless of market fluctuations. His wealth-building strategy involves investing in a variety of properties that can provide consistent cash flow, including short-term and long-term rentals, multi-family, and commercial properties.
● What do you do for your health right now? What is your focus on health?
o Hugh prioritizes his health by incorporating daily workouts into his morning routine. He built a gym in his small apartment in New York City before the pandemic, which has been practicing for his frequent travels.
● How do you know whether you're winning or not?
o Hugh suggests that in order to determine if one is winning in life, one should focus on key performance indicators such as health and building relationships. He aims to build at least one new relationship each week and make five to ten calls or offers on properties each month. By keeping track of these factors, Hugh believes one can gauge their success in life.
● What brings you the most joy in life right now?
o Hugh Zaretsky finds joy in helping people realize their potential as investors and empowering them to break free from limiting beliefs and patterns.
Connect with Hugh!
Website: Hugh Zaretsky
Facebook: Hugh Zaretsky
LinkedIn: Hugh Zaretsky
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
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Key Quotes
“You need to understand that yes, you failed. Yes, you had learning opportunities. Now, you know how to use those the right way.” – Hugh Zaretsky
“Do the thing you're afraid to do because on the other side of fear is peace”. – Hugh Zaretsky
“People do not follow their passion because of limiting beliefs and because of the comfort zone. It's really finding the passion for people”. – Ashton Levarek
