just making a decision is so important.
And you fix it, you fix it, you say, no.
Turning around, no going back.
You got to make that opportunity.
Bring the best off of anybody.
Welcome back, Alchemist two Abundance Thursdays.
With myself, Gualter Amarelo and the great Vinney Smile Chopra.
Vinney, you are just on vacation in Cabo.
Cabo brother Cabo went to attend a wedding of my partner, my good
friend, very good friend in hotels.
And what a wedding.
It was four days.
Four days long, so many events, so much dancing, so much eating and drinking.
All the good stuff, but so much energy from the groom and the
bride in the groom together.
I've never seen any wedding ever where the bride in the groom had so much fun.
They were with the all the 250 people.
I mean, you know, just mind blowing surprise after surprise
after surprise and, uh, fireworks, you know, on the beach.
And then all these beautiful things and fireworks inside in the hall.
Also, all these things, you know, it was beautiful.
So people put time and intention into Yes.
Creating a four day, I think.
One day.
Weddings, you know, a lot of Americans do one day weddings are a lot and they
put a lot of intensity, but four day weddings, yes, that's a jam, that's a
different experience that, that's almost like our summit that we do in Orlando.
We're all spend all this time together with the fireworks and the mm-hmm.
The experience.
True.
So, Vinney, today's principle is one that you and every other multimillionaire,
extremely wealthy individual, has said to me is, is important.
This comes right outta the book.
Think and Grow Rich from Napoleon Hill.
The principle is principle 15, the.
Fixity of purpose, develop a fixity of purpose for anybody who's listening,
what are we focused on here?
Abundance Thursdays is really about opening your mind, opening your heart,
opening your your mindset to a place of getting into abundance and getting
away from scarcity, moving into a place of having a place of thinking
grander, doing things that you wanna do, living that life and putting aside.
Limitations or the past?
Yeah, like moving more with positivity, moving more with what
you want to create in this world, what you're supposed to be doing.
And we also are obsessed with real estate.
Vinney Chopra has been in real estate for most of his life.
Uh, built a portfolio over a billion dollars, over 7,000 doors.
He's done it in multifamily.
He owns, he's very heavy in, uh, hospitality.
He is done in senior assisted living.
He's even done residential assisted living.
Uh, he has done flips.
He's owned duplexes, uh, Vinney's done.
Not everything in real estate, but a lot of a few things in
real estate to a great scale.
So he is a man of scale.
Uh, came into the country with $7.
This is for anybody who's never heard of him before, came into the country with
$7, was an engineer, still technically thinks like an engineer and that's what
allows him to scale at this degree.
As we're going into this principle Vinney, a lot of people don't.
Understand the importance of Fixity purpose.
And I read the book thing Grow Rich three times before I understood what
it meant to form a burning desire to come up with a thing that you
wanted more than anything else.
And I, I realized that was what kept me.
Where I was and didn't allow me to get to where I wanted to go.
And now as I'm older, I just think, wow, I really should have aimed better.
I really, I could have aimed better.
What did, when did you realize that you were a very focused person?
When was it that you realized that what you wanted to accomplish always
seemed to accomplish, even though other people would set a similar goal
at the same time as you, you would?
Realistically, within a year, two years, or three years or
four years, hit the target.
Some of these very hard goals, you'd hit that.
At what point did you realize that you were different or that the
fixity of purpose was, was different?
People would say a thing, but you would do the thing.
How did you know, you know, when did you realize that?
I'm so glad you're, we are discussing this today, really.
And that has been the backbone of my life, my career in USA when
I arrived with $7 in my pocket and big dreams, but nothing else.
No connections.
Just my, you know, my, my really nice.
Uh, uncle sponsored me and paid for my tuition at George Washington University,
and I just made up my mind right then.
I'm not going to ask for a single dime more.
That was the moment that just got me so fired up.
I want to do things, whatever it takes, uh, to earn money in this
new land and do anything possible.
Right?
You know, I could have, uh, flipped burgers.
I could have worked at, you know, all these dish washing things like that.
One of my friends said, Vinney, I sold encyclopedias and you
know, they were really great.
I liked, how much money he made and so forth.
So I said, okay, let's go.
Let's go.
So just making a decision is so important.
And you fix it, you fix it, you say, no.
Turning around, no going back.
You got to look to make that opportunity.
Bring the best off of anybody.
And I sold books as, you know, 13 hours a day, 80 hours a week,
six days a week, for all through summers and made a lot of money.
Then came back next year.
Came back, what?
Rejection, slamming of doors, all those things, right?
But persistence pays off.
It always pays off.
If you are in for the good.
Things will happen for you.
And I got started getting rewards and others, my sales went up in
three summers while I went to school.
In the fall, summer, I will go and sell books, encyclopedia
bibles, all those things.
So fix safety, what we are talking about today.
Think and grow rich.
You cannot go to a location if you don't put a GPS where you wanna go.
It's very similar to that.
You can be wandering generality and then you will not accomplish
what you want to really become, look at the magnifying glass.
I always see that too.
Take it outside in the sun and then you go up and down.
Unless the magnifying glass has pointed the raise into one place, one dot.
Then only it starts to burn the back of the hand or catches
fire on a paper or whatever.
So it's so important that we just get locked in with the goal, what we
wanna do, and burn all the bridges.
Vinney, I'm gonna relate this to something that is really real to me.
So I, I remember a few years ago I was operating very heavily in real estate.
I was, I was moving, I was involved, I was involved.
And about five years ago, I said, I want to make a shift.
I got into this, I've been in this 16 years, my 16th year.
Now I got into this.
Not for operations.
I got in this to be a passive lender.
I wanted to be a, a passive investor.
I wanted passive income.
Passive income was 16 years of work.
Well, it was 12 years of working at the time, 11 years of working at the time.
And I looked back and I said, oh my goodness, all I am is.
A knowledgeable person in real estate with a lot of net worth.
'cause that's what I focused on.
And I made a shift about five years ago.
I said I need, I did say it, that I need, I need to shift my mindset towards
what acquires true passive income.
And I started really focusing on something I learned.
10 years ago called GNN gw, not needed.
And when I started shifting, I started looking at everything I had
and I said, how could I liquidate?
How could I get to passive income?
How could I get to other people doing the work?
Instead of OPM, I was thinking OPT, other people's time, other
people's energy, other people's knowledge, other people's skills.
And my like, because I made a decision, I made a switch.
I said, no more real estate knowledge, no more real estate.
Building, no more real estate, anything.
I just want passive income.
And that shift took about a year before I started my lending business.
And then before you know it, I had a million dollars lent out.
And now today me and Dorina have 3.6 or almost $4 million lent out.
And it was because we just said, wow, this is good, and our fixity
shift, and we said, how do we get.
More, but I know a lot of people who are house rich, cash poor, a lot of
people who are business rich, cash poor, they have these wonderful assets,
but they're not making anything right.
And there, there's an opportunity right now in today's world
to make a shift, right?
There's, there's a chance to make a change.
How do.
How do people wake up, Vinney?
'cause you worked hard too.
Like you were selling books, you were trading your dime for dollars.
You were working, you were working.
You're a Hindu young.
A young Hindu man in America selling Bibles.
Yes.
Right?
Yes.
So you were trading like belief systems.
You're trading time, you're trading energy at some point.
A decade ago, you really started shifting into passive income
years, though you did 20, 20.
20 years.
Actually years.
Years.
We've been investing in real estate.
I've been married 46 years this year, thank goodness, with a lovely wife.
But the big thing is that we.
Got into real estate because a clear group in California, when we meet
over the weekends, they talk about their rentals and homes and single
rent, single family, you know, rental.
And that's what we started buying.
But then 20, 30 years back, it just didn't make sense to me because.
The single family game is very simple.
It's not big making machine at all.
So that's when I learned the power of.
Syndication power of helping friends and family to find the best deals
and then have them ask them if they would like to invest in it.
And that has been what you just mentioned, O-P-M-O-P-T is.
Other people's time.
OPM is other people's money, and that's the key to success of any entrepreneur.
All these companies, look at the Google, look at Amazon, look at everything.
They have been raising money from investors.
They with
hundreds of thousands of employees, hundreds of thousands
of employees doing all the
work.
Hi friends, this is Vinny Chopra from here in Danville, California,
and you might be saying, Hey, Vinny, what are these over here?
You know, I wrote this book a few years back, Apartment Syndication
Made Easy, it became top seller.
I came from India with 7 in my pocket.
It says 500 million.
It's going to be 1 billion very soon, very soon.
I'm right at about 850, 900 million.
It's And then I'm ready for the next billion.
Actually, you will see that happening two billion in this book.
Also, the other book I wrote, which has been a very big
positivity has been my life.
Always, always.
I've been married 43 years with two children.
And the beauty is to be positive.
The mindset that can take you to all the places in the world.
And that's the book that also.
Became big, big seller.
My third book, Senior Assisted Living is coming.
So do yourself a favor, go ahead and click the link below to get free
copies, audio copies of these books, even printed copies of these books.
If you, I'm a print in means digital, if you can't afford it,
but I would highly recommend for you to get these or go to amazon.
com.
Just go to Amazon.
I got it in soft cover and hard cover.
In Kindle, in audio, also the Spanish version of this.
Oh, this book also.
So let's crush it, guys.
I know you can be successful.
I know you can do the kind of things that you want to do in life and have
the streams of income and know how to really, you know, educate yourself so
that you could become a strong, strong force in this world in real estate.
I know you can.
So take that step.
Don't just be on the sideline.
Take charge of your life.
Take charge of your education.
Yes, totally.
Totally.
Yes, totally.
And investors like us buy their shares, right?
Their stock, and own a very, very, very, very, very small portion.
But they make profit for the investors, right?
That's exactly what in real estate is syndication.
It's a bad word.
A lot of people don't like it, but once you get into it,
it's very good because you're.
Really having the investors to share their wealth or their money, and you
give them back 70 to 80% of your efforts go to give them cash flows and upside.
I was just talking to an operator here in Cleveland.
30 minutes ago, we, I took him out to lunch and it is a real big
broker here, so that's obviously why I'm hanging out with him.
But he's also an operator, so 300 units, and I asked him, we were
talking, we're chatting it up, and he said, dude, I'm just so tired
of doing syndications because I give all my money to the investors.
I said, I get it.
I get it.
But I like it as a passive investor.
Yes.
That there's somebody out there working their butt off.
Yes.
To bring all that money back to the investors.
So he, he, we were laughing 'cause he is like, yeah, no, I,
I wanna get to where you're at.
I wanna be the passive investor.
I wanna be doing the lending, I wanna be doing the passive LPs.
But he said, it's so hard to find a good operator.
I said, but that's the secret.
You think it's hard?
I think that's my only job, right?
Mm-hmm.
My only job is to find a great operator.
Yeah.
Find that person who knows what they're doing.
Find the person who understands the markets, understands the industry,
understands the the asset class, and with that fixity of purpose, it's changed.
Now, I know Vinnie Chopra, I've known you for three, almost four years now.
We've been doing this together for three years.
Yes.
That, that came from a fixity of purpose shift, changing my mindset.
To a place of passive income.
I think that there's a lot of people who are waking up in America today.
They're realizing their 50 years of working, 40 years of working, 30 years
of working, hasn't produced anything.
They're small, return from how much money they've made hasn't produced in
the way that it could, or their business that is, I know people with businesses
that pay themselves 250,000, 400,000 a year, but the business worth 5 million.
Yeah,
and they, in their head, they're like, I can't sell it.
Like in my head, I can't keep it.
Like there's no way I'd keep something worth five mil to only make 400,000.
I want that gone.
I want it out of my life.
That's my fixity of purpose is passive income.
That's my one fixity of purpose.
How does somebody go and shift somebody who's at that point where
they're right, like they're thinking about selling their business?
Think about selling their real estate, thinking about selling stocks.
Right now, I know a lot of people miss the window to sell Bitcoin is the window.
Yeah.
Look at that.
Oh my gosh.
They shoulda should have sold.
Yeah, but there's people who did sell, right?
There's people who did sell.
They sold the top.
Sure.
What do you say to somebody who's,
I
would say, let's say, let's say they've been in an asset like Bitcoin, right?
It's not paying any dividends.
It's not paying any, uh, any returns.
It's not doing anything for them.
Yeah.
It's just the upside.
Just the upside.
And it went from, of course, lower level to higher, and people were
really going, it could go to 200,500.
I don't know.
But the, so,
so somebody who's been focusing on appreciation for so long mm-hmm.
And ignoring cash flow, like.
If they were to shift their mindset, what would you say would be the steps to
shift from appreciation only to looking for that cash or the preferred return
that, that monthly or quarterly dividend.
What, how does a person come to that fixity of purpose?
That's who you deal with.
You got five, 600 investors who've they've decided, done with this.
I want that.
I mean, you know, you have to read the market, you have to see the trends,
you have to see what's happening in the multifamily, which I was in quite a bit.
We still have two assets left.
But the key thing is I
thought you sold out entirely.
I thought you were
completely done with it.
No, I do have two, two big ones.
Almost 125 million worth, but the thing is, you got to really make sure.
As the time is shifting, you've gotta make a decision.
Hey, the cash flow is drying out because of certain reasons.
What's the other pivot?
You've got to pivot your business.
That's how I shifted into hospitality seven years back and thank goodness I
learned it from ground up and had some big wins and now we are finding that.
It's, it's risky if it's risky, if you don't understand where
you are buying location, who's gonna operate and everything.
But once you have really figured out the right product, right?
Hotels like we are buying and then have a great operator that we can manage
the operator managing the managers, it's called then cash flow is king.
I'm looking at IRR of 22%.
It's unheard of.
I just had a meeting yesterday with an investor and you
know, they said we need 4%.
If I can make 4% in my IRA account, I'm happy.
4% because that's what, you know, it takes to use up as a senior
4% a year to keep your investment intact so that it's not depleting.
So
I, I have a friend, Vinney, who has $10 million in their bank account.
They're earning 3.5%.
They're making 350,000 a year.
There we go.
They, they're 100% okay with it.
Yeah.
' cause they, there's no risk, right?
There's no downside.
That's, it's just, it's bonds.
It's debt.
Yes.
It's key bills.
Mm-hmm.
Um, and it, they're a mentor of mine.
I'm like, oh, how did you get there?
You know, I did this, I did that, and this was my solution.
It's not all they own, it's just a chunk of the portfolio.
So that, that mindset, it's a decision,
right?
It's the decision.
It's the decision and also fixity of the purpose.
If your purpose is, I don't want to just be earning 3%, I want to earn 6%.
There are lots of vehicles out there to make 6% and sleep well at nighttime.
Protected, yeah, protected.
Or eight or 10 or 12.
Like where, where does the risk cash,
where does the risk start getting high?
Right?
Like where does it.
High returns have high risks, let's just say that.
Yeah.
I
mean, you know, the low returns have less risk, but a lot of people
want to have very high returns, but zero risk out would size
returns.
Yeah.
You know, so you have to really find the operators indicators of funds in
real estate, if you can, in different commercial sectors and feel good about it.
You got to understand what you're putting money in, where you're
putting, who are the principles, who are people on the guarantors and the
loan and everything, and how are they protected through SEC ruling Securities
and Exchange Commission rules.
Yes.
What would you say to, to operators of real estate?
Yes.
Business owners who have been stuck just operating.
Busy, busy, busy, busy.
They, they don't feel comfortable making the shift.
They don't believe it's possible.
They have the money, right?
They have the money to retire, and if they deployed it the right way,
they'd have the money to retire.
But they say it's too hard to find a good operator.
I don't know enough about the industry.
It's, you know, I don't trust people.
How does a person change that mindset?
Because you get whatever you believe you get, whatever you focus on.
Oh my gosh, you just picked the words outta my mouth.
What you believe.
Right here between your ears is what the reality will be if you
say there is nobody good out there.
Guess what all around you, you could find them.
There is nobody could get tall, but if you say no, there are operators who are
giving great returns and check them out and ask AI and ask other people and all.
And recommendations, referrals, all those are very important.
There are people out there who are giving great returns.
Yeah.
I mean, my goal is to buy five more hotels this year via,
I'm going to Dallas next week.
I'll be broadcasting from there, by the way.
You know?
Nice.
It's gonna be fun.
It's gonna be fun because I'm meeting with my partners and.
2026 is gonna be a banner year in cash flows and making some great acquisitions.
And we are gonna live very happily after for the next five years.
But this is the year we need to really step in, really step in multifamily,
in senior living and in hotels.
I say all three.
I'm focused more on the hotels hospitality because my partners have
been living, breathing, smelling since.
13 years of age.
That's what I'm looking for right there.
What you just said.
That belief system.
I've found the right partners.
I've chose the asset class based on the partners, based on their capacity.
Yes.
This is what they're very good at.
Yes.
You've gotten out of multifamily even though you see the opportunity,
you're moving at the hotels.
Because the operator, the strength of the operator.
And you have this saying of like, my operators are the best.
I like you only attract the greatest operators to yourself.
Thank you.
That's the Thank you.
I, I say it to myself, I'm like, I only work with the best operators.
I, it's an affirmation and it's become the truth.
Yes.
'cause I say it's so much, only the best operators are, are coming
into my space or into my existence.
So before we jump off here, you, you
said that laugh, attraction, RDA burns.
We talk about her all the time.
Yeah,
that laugh, attraction, laugh, manifestation.
Sorry.
The more you think about the more you send signals out of negative or positive or
fixity of purpose, we are talking about Think and Grow Rich Napoleon Hills book.
The more you send the signals and get your subconscious and conscious
ready for some great opportunities.
People will be flocking and coming in your circle because the
manifestation of your thinking is gonna happen negatively or positively.
You decide.
You decide, and then don't be in a spectator, I call it.
Because if you, a spectator, life will pass by.
When the opportunity comes, let the opportunity open the door and you step in.
You got to take actions.
And that is all, you know, those points I sent you, maybe we
could go over those four points.
That might be a good summary for the, book summary.
Uh, of course there are so many great ideas and things.
I read that book when I came 50 years back in this country, changed my life.
And, you know, there are so many ways that you can dream and think
and all that, and then it becomes reality later on when you persevere.
Don't take no foreign an answer and really be totally, uh, what's the word?
Real passionate and burning desire no matter what.
Things come on the way.
Always, you know, you've got to bypass those things.
Go over the wall, under the wall or through the wall,
I say to get to your goals.
You've heard it here.
That's Vinney Chopra.
He wrote the book, positivity Brings Profitability.
Uh, if you wanna learn more about what we're doing here with Abundance Thursdays,
you go to Vinney chopra.com/events.
Get more education there you go to alchemist station.com.
There's also a link I build millionaires.com 'cause we're
building 100 millionaires who are inspired to build 100 millionaires.
Uh, so if you're already a millionaire, we could use the help.
We found that millionaires are the best people to give advice to other
people who are on their way up.
So if you have it on your heart, have it in your desire to help us build
more millionaires, uh, you can go and find us at ibuildmillionaires.com and
book a call with me or Vinney so we can start having the conversation.
What is it that we can do?
What is it?
Your niche is to help us get more people understanding how.
Easy.
Well, it's not easy, but it is simple.
Yeah.
Circle the philosophies behind building wealth are, ladies and gentlemen, cheers
to your success when you have a choice.
Always work with the best.
We just what us Thursday, every Thursday at 9:00 PM 9:00 AM
nine
EST, 12:00 PM EST. We'll see you on the next one.
See you next week.
Thank you everybody.
Thank you.
See
you brother.
Thank you, brother.
Okay.
Bye-Bye.
Hey there!
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