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Ep. 35 - How To Achieve Your Goals With Writing And Accountability with Douglas Spence

Episode #35

Douglas Spence was born and raised in Houston, Texas. He attended Baylor University as an undergrad and obtained his MBA from the University of Florida. He has been an active-duty Navy officer since 2009, and he purchased his first property in 2016. Doug currently lives in San Diego with his wife, Cait, and their first child. In this episode, Doug discusses his focus on exploring what it truly takes to excel in life, so each week he brings you an inspiring person or message to help you win from the boardroom to the battlefield. He talks about how his wife is not on board with his goals of becoming successful in real estate and making money, and he talks about how to get her on board and how to have good communication with each other. He shares that he is not only successful in real estate but is also financially secure due to his strategy of buying and holding properties. If you’re looking for inspiration and guidance in your personal and professional life, Doug is a great resource.

 

 

[00:01 - 06:36] Who is Douglas Spence? 

  • Douglas is a successful real estate investor and mastermind member
  • He shares his story of how joining a mastermind network has helped him achieve success in real estate  

 

[06:37 - 08:43] The Many Benefits Of Joining A Mastermind Group

  • Douglas says that joining the mastermind is a great motivator and it’s a huge acceleration for your life
  • It helped him focus on real estate and gave him more free time
  • The mastermind has a Facebook group and weekly calls where experts are brought in to share their knowledge
  • Gobundance is a mastermind group that focuses on horizontal income or passive income
  • The mastermind teaches its members how to create multiple sources of passive income, so they can have more freedom and time to do what they want

 

[08:44 - 38:27] How To Achieve Your Goals With Writing And Accountability

  • Douglas discusses how there may be many books on personal development, but he recommends “The Gap and The Gain” by Dan Sullivan
  • He says that the book is full of actionable tips and advice on how to achieve any goal, regardless of how big or small
  • One key takeaway from the book is the importance of writing down your goals and tracking your progress
  • This has helped him stay on track and achieve his goals more efficiently
  • He says that one of the key things to keep in mind when starting in the real estate investing business is to make sure your spouse is on board with your goals
  • Incorporating feedback is important for a good relationship
  • Real estate can be a great way to grow your wealth over time, but it’s important to make sure you have a long-term strategy

 

[38:28 – 51:05] Closing Segment

  • What has been the biggest catalyst for growth in your life?
  • Writing his goals in a journal
  • What’s your strategy for building wealth?
  • Live below your means and put that difference into assets
  • What do you focus on for improving your health or sustaining your health?
  • He tries to exercise six days a week
  • What brings you the most joy in your life right now?
  • He says, “He likes to go on trips with people, hang out with friends, and hang out with family as much as he can.”

 

 

Connect with Douglas!

Website: https://honorandequity.com/

Instagram: Honor and Equity

Facebook: Honor and Equity

Twitter: Honor and Equity

 

 

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 wealth and whiskey virtual meetup. Take the first to your wins in life just head on to http://www.valkeregroup.com. 

 

Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn or wherever you get your podcasts!   

 

 

Key Quotes

 

“Too many entrepreneurs myself included; feel like they have to do everything. If you want it done right, you got to do it yourself. But that's the worst mindset to have if you're trying to grow a business.” – Douglas Spence

 

“You can be someone, a high income earns making half a million or a million dollars a year. But if you have no passive income, as soon as you stop working, you don't have any income anymore.” – Douglas Spence