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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. I remember you and I met, it must have been like, what, when did you found bigger pockets? You know, like any entrepreneurial story, lots of ups, lots of downs. So, I looked at our total budget for the project, made some adjustments, grabbed some floor and wall tile for the newly conceptualized (on the fly in my head) shower and went on my way. In this conversation. Many of you know how I worked almost 8 years without taking a single day off because of this mentality . Oh, and were living on a rock in the middle of the ocean during a pandemic, which means that getting your hands on materials that arent here in Maui, is a game of patience. I easily felt better. . You know, how do I make it so I could either scale this, get to an exit or just, you know, sell it and quit and be done and find something else. 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. Josh Dorkin: No, thanks, man, I appreciate it. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. So I know how to do it, I just, I dont know, Im torn. But did you, were you ever really depressed at all? So we went and we hired an investment bank, I mean, cutting a long story short, Im sure youre going to have a ton of questions and sorry for ranting, but we hired a bank, went through a process, and, you know, six, eight months later, I had an exit to a private equity company, still own a significant piece of the business. And particularly, I think the most stressful part was, I was by myself, to your point. I really enjoyed the conversation. But time and life experience has taught me that doing so only makes my health, relationships, and happiness far worse. Fear of change or of taking risks by changing course has sunk far too many businesses. . The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. Why I left BiggerPockets is a little more complicated. A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe. I cant really describe in words what everything looked like, but it didnt feel right. For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. And the platform itself, your business, whatever it is, is not going to be able to blossom. Bye. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. I think its one of the top hundred podcasts in the world, give or take. I got through it, thank goodness, and, again, it was another one of those moments for us where were like, you know, what are we doing? You know, I want to learn how to be happy. And it can be significantly helpful, but I want to press upon anybody whos thinking about it to just recognize that its not something to take lightly. I know far too many people who live the non-stop life and many, if not most, are unhappy. How to Invest in Real Estate - Google Books You know, Im not without stress, and headaches. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. And if you want to grow and thrive, you have to become seriously adept at it. Leaving BiggerPockets was very difficult - probably similar to sending your child off to college, but I did so both because it is was I had to do, but also because it was what was best for the company. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. A lot of people can at least. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. Rethinking my decision to leave Wordpress. And not difficult. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner Dorkin, 41, won't be hacking houses anytime soon. 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). His wife and three daughters wouldn't take too kindly to sharing their space. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. The company is one that I founded almost 18 years ago and left back in November 2018. Is this going to be, is this the prelude to a book? And I did it without freaking out or getting stressed because doing so doesnt help. . You know, not only are you raising money from people who now, you know, you dont want to lose anyones money, but also just in terms of mindset, you know, that theres the freedom that you think youre going to have may not necessarily be there. Everyone knows real estate investing can be a powerful way to build wealth and achieve true financial freedombut because each persons journey is different, knowing the first steps to take can be challenging. "I would get calls from my buddies who would literally call me. Choosing a selection results in a full page refresh. Is that a good statement to say? The podcast has almost 250 episodes and the blog features more than 8,100 articles.\r\r In today's episode, I have a heart-to-heart with BiggerPockets founder Joshua Dorkin about the blood, sweat and tears that's required to start a successful online business. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. Dan Daugherty: That is, as you know, I have two little ones of my own and that is, that changes everything, and Im glad that you priorities that over anything else. For locals, by locals. 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. Is it all the material stuff? |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T You know, if youre not spending significant time every day learning, youre not going to grow, youre not going to get better, youre not going to be competitive with other people across your area of expertise. You need to change your diet, you need to do some exercise. I kept this pace up for over 8 years . Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. So, the operating manual was, how do I go from unhappy to happy, and that was, it became not just like a. question, but it became a significant force within my life, whether its about you know, journaling about it, contemplating it, talking about it out loud, and making decisions around it. 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. 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. Like any 18 year old, it has continued to mature and to life a life of its own.While my personal contributions to the business are today marked by occasional phone calls and quarterly board meetings, I hope my personal stamp will continue to last for the next 18 years and beyond.Thank you to everyone who believed in me. Ive used that technique, and that has helped me dramatically. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. Copyright 2019 Joshua Dorkin. 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. And then I start knocking them out, hey, I got to get, you know, Ive been eating like crap, Im, you know, 20 pounds overweight, cool. But Im not currently on it. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Zf|Gy}dN1,2,qY\ s#sK~?>#W]CYq~Z6btV37 g)v3[# kG:_jJ/0Cr[-I\7{\t_LkL,K'4'Mm+"Pd60|q!?jO7S9h,P-WwS/. Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. Joshua Dorkin (@jrdorkin) Instagram photos and videos I realized that like, thats not healthy. (BTW - Ill certainly talk more about working on a business at another time). 4.6 208 Ratings; $11.99; Listen $11.99; Listen . Dont get me wrong - I used to stress about EVERYTHING. You know, dont keep doing things that keep you super stressed out. I thought I was having a heart attack. . Host and Producer on The Undeniably Curious Podca, Host on BiggerPockets Real Estate Po, BiggerPockets Video Podcast, and Money with Friends, and Guest on BiggerPockets Business Podcast. Most people do what they can to help others out, and I wanted to share a little tip along those lines that I dont think a lot of people are familiar with. But, you know, I now have a formula on how do I get rid of them. I want to, I listened to experts on it. They suspected some kind of migraine, and cleared me of all the really scary stuff. So first phase, I call it like that hobby phase. hb```b``"Y@9YY0sp(AnD$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 And the company was profitable. COVID you know, your kid gets sick. Josh Dorkin: Yeah, yeah, I think for me, the book, The One Thing by Gary Keller and Jay Papasan, was one of the most impactful in just, you know, helping me kind of break things down. We all KNOW what we need to do, but more often than not we let our fear of the unkno. I taught myself how to code a number of years before back in college, and just started to run with it. And I had a lot of time and in that time realized that, you know, after 14 years of building this company, man I love, I love, love, love Bigger Pockets, but I was kind of burnt out. But I look at the cycle as a multi stage cycle. When I started Bigger Pockets it was, I was teaching special ed. Star Wars: The High Republic: Light of the Jedi. Podcaster. We are all faced with challenges as we go through our lives and they can either break us or just be another thing we deal with. Start shopping! And, you know, so I take those moments when they come to me and I try and take bold steps when they come. . And inevitably, you know, I really struggled through those difficult times. We had kids at that point. Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. We needed to get this done and time was not on our side. (Where the hell have you been Josh?!? 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. And instead of working on the business, I was working in the business exclusively. Josh Dorkin - Board Member - BiggerPockets | LinkedIn All that really matters is our families, our health, and our happiness. And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. 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. One final question. On Pivoting and Maintaining Control of Everything, Finding That Moment of Time Each Day to Live and Be Present, The Evolution of Business: From Bootstrap to Semi-Retired (Video), How to Support Your Favorite Charities (for Free) Every Time You Shop on Amazon, 50% change youre shopping there once a week, The Return . Horrifying, scary. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) 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. Lifes too short, man. Your In-Depth Guide to the Best Golf Courses Around Denver, Six Bizarre Majors That Will Actually Get You A Job In Colorado, How Trumps Executive Orders Are Affecting Refugees In Lakewood, The Best Ski Run at (Almost) Every Mountain in Colorado, Advertising and Sponsorship Opportunities. Our friend had come over to help out and I was going to rest while she watched the girls. Shopping these days is just a little less fun. ). What's my secret? 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. You know, what are you doing and deal with that situation. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. They have grown to be one of the largest and most reputable real estate community on the Internet with a forum that has over 900,000 posts! Thanks, Josh. Denver, CO 80202. I coasted through the store with the ease of a professional, choosing items that would look great together and which would stand the test of time. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. We're confident in the quality of our books. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. Family Over Everything: BP Founder Joshua Dorkin on - YouTube My secret plan to make the girls fans is working! I remember the exact phone call that I made to the two of them to tell them what was going on. Join us today to talk about real estate investing and specifically how to get started. This led to massive burnout and I came very close to quitting and shutting everything down. We came to Hawaii, weve been here since July. Joshua Dorkin (Foreword of The Book on Investing In Real Estate with No Dan Daugherty: Well said. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. And lets dive in. I believe the program is available for all Amazon users, so even if you arent Prime, you can partake. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. Its fantastic. And its made it so Im a hell of a lot happier. In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream And, you know, the issue I had with those, which led me to founding Bigger Pockets was I, you know, I didnt like the idea of getting caught up in this funnel where, you know, its like, hey, come to our free course, and the free course is just an ad for a free boot camp, you know, some kind of boot camp, which is an ad for a course, which is an ad for, you know, training, and, you know, by the time youre done, and you look up, youve just spent $50, $75,000, to train with some, you know, self-anointed guru and, you know, youve got nothing to show for it a lot, you know, high failure rates and things like that. Josh Dorkin: Absolutely. +(((Bp3G' $('4 )GNh!NA< %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz But you know, we were living off the business and it was very scary to go and take on debt because Im very conservative financially, fiscally. I mean, you know, super, super stressful periods. 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. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. Save up to 80% versus print by going digital with VitalSource. We took power from those who made information inaccessable by opening the doors and making sure real estate investing knowledge was free.Over the years, the mission to democratize knowledge so anyone, anywhere, regardless of income, education, age, or any other demographic, could learn to build wealth, has resulted in countless lives being changed for the better.Not only have we helped individual investors around the country and work, but weve moved markets.Ive always wanted to calculate the actual economic impact of the business - Im sure the true number would blow everyones minds. and what what happen if things went wrong. You know, you can work remote, you can do everything remote these days. Find which one works best for you, your resources, and your goals. As you know, Im like a scrawny dude. Will I get more wet if I stay still, walk or run, and why? And, you know, were in a position where we have an opportunity to do something like this, like, do it. Well, then you need to figure out a system how to stop being responsive to your email and be proactive, because youre not running your business, your email is running you, right? . But the problem is, none of this goes away. Not a magic formula. You know, I got a standing desk instead of a sitting desk, you know, then I started to add one on one meetings, you know, when I had one on one meetings, instead of doing it at a restaurant or coffee, or sitting down in the office, they would be walking meetings. 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). It was a blast, but by year 12, 13, 14 my job changed. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting We always wanted to be, you know, in Hawaii and Colorado. But he came in and was instrumental to advancing the business. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting But, fast forward to where we are today and shes fully physically functional. I mean, I literally started this company with the, you know, like 12 bucks a month that it cost me to host and the whatever four or five bucks it cost to register the domain name back then, and that was it. So I want the opposite. So, I thought there had to be a better way. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? But Joshua Dorkin is creating an online empire. I choose to deal with them as they come using logic and working through like I would any game or problem. Joshua Dorkin on Twitter: "A thought experiment My daughter posed the 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. Its unlikely. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. Maybe not crazier than moving to California to dive deeper into the entertainment business, but I digressWhile I struggled for quite a long time before the business really took off, I was able to live my life on my own terms. Joshua Dorkin Oct 2016 Mar 2021. He was wrong. Growing BiggerPockets From 0 to 870k Members, with Joshua Dorkin This caused a shift in Joshua's reality, so. And so I think for a very long time I ran my life, you know, moment to moment and its through conversations with folks like Brandon, you know, lots of, Ive got some good friends who think real deeply, to reading a lot, reading a lot, listening to some, you know, thought leaders in various spaces, you know, my transformation really, I think began from the moment of that I went to my wife, year eight of the company, and I was in tears. For me, I realized that if Im going to run this company, Ive got these kids that I love and my wife and I had spent so long not taking vacations, not taking days off, I worked eight years without a single day off, which is incredibly stupid. But, you know, getting to exit, getting close to the finish line, so to speak is an absolutely incredible feeling and I wish it upon, you know, all the entrepreneurs out there.
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