1 00:00:00,000 --> 00:00:03,959 just making a decision is so important. 2 00:00:04,349 --> 00:00:07,409 And you fix it, you fix it, you say, no. 3 00:00:07,409 --> 00:00:09,810 Turning around, no going back. 4 00:00:10,409 --> 00:00:13,099 You got to make that opportunity. 5 00:00:14,039 --> 00:00:16,234 Bring the best off of anybody. 6 00:00:24,308 --> 00:00:26,618 Welcome back, Alchemist two Abundance Thursdays. 7 00:00:26,618 --> 00:00:30,058 With myself, Gualter Amarelo and the great Vinney Smile Chopra. 8 00:00:30,688 --> 00:00:34,178 Vinney, you are just on vacation in Cabo. 9 00:00:34,898 --> 00:00:39,368 Cabo brother Cabo went to attend a wedding of my partner, my good 10 00:00:39,368 --> 00:00:41,588 friend, very good friend in hotels. 11 00:00:41,948 --> 00:00:43,208 And what a wedding. 12 00:00:43,208 --> 00:00:44,583 It was four days. 13 00:00:45,233 --> 00:00:50,363 Four days long, so many events, so much dancing, so much eating and drinking. 14 00:00:50,843 --> 00:00:54,853 All the good stuff, but so much energy from the groom and the 15 00:00:54,853 --> 00:00:56,683 bride in the groom together. 16 00:00:57,013 --> 00:01:03,703 I've never seen any wedding ever where the bride in the groom had so much fun. 17 00:01:04,623 --> 00:01:07,693 They were with the all the 250 people. 18 00:01:07,883 --> 00:01:11,243 I mean, you know, just mind blowing surprise after surprise 19 00:01:11,243 --> 00:01:16,103 after surprise and, uh, fireworks, you know, on the beach. 20 00:01:16,373 --> 00:01:20,723 And then all these beautiful things and fireworks inside in the hall. 21 00:01:20,723 --> 00:01:23,423 Also, all these things, you know, it was beautiful. 22 00:01:24,773 --> 00:01:29,063 So people put time and intention into Yes. 23 00:01:29,063 --> 00:01:30,983 Creating a four day, I think. 24 00:01:31,533 --> 00:01:32,043 One day. 25 00:01:32,043 --> 00:01:35,493 Weddings, you know, a lot of Americans do one day weddings are a lot and they 26 00:01:35,493 --> 00:01:40,383 put a lot of intensity, but four day weddings, yes, that's a jam, that's a 27 00:01:40,383 --> 00:01:44,223 different experience that, that's almost like our summit that we do in Orlando. 28 00:01:44,223 --> 00:01:46,838 We're all spend all this time together with the fireworks and the mm-hmm. 29 00:01:47,163 --> 00:01:48,063 The experience. 30 00:01:48,508 --> 00:01:48,658 True. 31 00:01:48,658 --> 00:01:53,908 So, Vinney, today's principle is one that you and every other multimillionaire, 32 00:01:53,908 --> 00:01:56,818 extremely wealthy individual, has said to me is, is important. 33 00:01:57,198 --> 00:01:58,788 This comes right outta the book. 34 00:01:58,848 --> 00:02:00,798 Think and Grow Rich from Napoleon Hill. 35 00:02:01,078 --> 00:02:03,748 The principle is principle 15, the. 36 00:02:04,493 --> 00:02:10,103 Fixity of purpose, develop a fixity of purpose for anybody who's listening, 37 00:02:10,103 --> 00:02:11,243 what are we focused on here? 38 00:02:11,243 --> 00:02:13,883 Abundance Thursdays is really about opening your mind, opening your heart, 39 00:02:13,883 --> 00:02:17,093 opening your your mindset to a place of getting into abundance and getting 40 00:02:17,093 --> 00:02:21,503 away from scarcity, moving into a place of having a place of thinking 41 00:02:21,503 --> 00:02:25,593 grander, doing things that you wanna do, living that life and putting aside. 42 00:02:26,118 --> 00:02:27,468 Limitations or the past? 43 00:02:27,618 --> 00:02:31,198 Yeah, like moving more with positivity, moving more with what 44 00:02:31,198 --> 00:02:33,598 you want to create in this world, what you're supposed to be doing. 45 00:02:33,958 --> 00:02:36,598 And we also are obsessed with real estate. 46 00:02:36,598 --> 00:02:39,238 Vinney Chopra has been in real estate for most of his life. 47 00:02:39,328 --> 00:02:42,538 Uh, built a portfolio over a billion dollars, over 7,000 doors. 48 00:02:42,718 --> 00:02:44,248 He's done it in multifamily. 49 00:02:44,248 --> 00:02:46,738 He owns, he's very heavy in, uh, hospitality. 50 00:02:46,738 --> 00:02:48,028 He is done in senior assisted living. 51 00:02:48,028 --> 00:02:49,678 He's even done residential assisted living. 52 00:02:49,948 --> 00:02:51,358 Uh, he has done flips. 53 00:02:51,358 --> 00:02:53,818 He's owned duplexes, uh, Vinney's done. 54 00:02:54,173 --> 00:02:58,793 Not everything in real estate, but a lot of a few things in 55 00:02:58,793 --> 00:03:00,383 real estate to a great scale. 56 00:03:00,383 --> 00:03:01,553 So he is a man of scale. 57 00:03:01,943 --> 00:03:03,383 Uh, came into the country with $7. 58 00:03:03,383 --> 00:03:05,393 This is for anybody who's never heard of him before, came into the country with 59 00:03:05,393 --> 00:03:10,553 $7, was an engineer, still technically thinks like an engineer and that's what 60 00:03:10,553 --> 00:03:12,143 allows him to scale at this degree. 61 00:03:12,533 --> 00:03:16,463 As we're going into this principle Vinney, a lot of people don't. 62 00:03:16,838 --> 00:03:20,258 Understand the importance of Fixity purpose. 63 00:03:20,258 --> 00:03:22,868 And I read the book thing Grow Rich three times before I understood what 64 00:03:22,868 --> 00:03:26,948 it meant to form a burning desire to come up with a thing that you 65 00:03:26,948 --> 00:03:28,448 wanted more than anything else. 66 00:03:29,018 --> 00:03:30,578 And I, I realized that was what kept me. 67 00:03:31,298 --> 00:03:33,818 Where I was and didn't allow me to get to where I wanted to go. 68 00:03:33,818 --> 00:03:38,318 And now as I'm older, I just think, wow, I really should have aimed better. 69 00:03:38,318 --> 00:03:40,178 I really, I could have aimed better. 70 00:03:40,508 --> 00:03:44,618 What did, when did you realize that you were a very focused person? 71 00:03:44,648 --> 00:03:48,308 When was it that you realized that what you wanted to accomplish always 72 00:03:48,308 --> 00:03:51,548 seemed to accomplish, even though other people would set a similar goal 73 00:03:51,548 --> 00:03:53,263 at the same time as you, you would? 74 00:03:54,188 --> 00:03:56,198 Realistically, within a year, two years, or three years or 75 00:03:56,198 --> 00:03:57,608 four years, hit the target. 76 00:03:58,148 --> 00:03:59,918 Some of these very hard goals, you'd hit that. 77 00:04:00,038 --> 00:04:03,248 At what point did you realize that you were different or that the 78 00:04:03,248 --> 00:04:05,858 fixity of purpose was, was different? 79 00:04:05,858 --> 00:04:07,418 People would say a thing, but you would do the thing. 80 00:04:08,018 --> 00:04:09,788 How did you know, you know, when did you realize that? 81 00:04:10,298 --> 00:04:13,238 I'm so glad you're, we are discussing this today, really. 82 00:04:13,508 --> 00:04:18,038 And that has been the backbone of my life, my career in USA when 83 00:04:18,038 --> 00:04:22,568 I arrived with $7 in my pocket and big dreams, but nothing else. 84 00:04:22,568 --> 00:04:23,468 No connections. 85 00:04:23,738 --> 00:04:26,288 Just my, you know, my, my really nice. 86 00:04:26,293 --> 00:04:31,903 Uh, uncle sponsored me and paid for my tuition at George Washington University, 87 00:04:31,903 --> 00:04:34,723 and I just made up my mind right then. 88 00:04:35,173 --> 00:04:37,753 I'm not going to ask for a single dime more. 89 00:04:38,873 --> 00:04:43,193 That was the moment that just got me so fired up. 90 00:04:43,433 --> 00:04:48,273 I want to do things, whatever it takes, uh, to earn money in this 91 00:04:48,273 --> 00:04:51,543 new land and do anything possible. 92 00:04:51,573 --> 00:04:51,933 Right? 93 00:04:51,933 --> 00:04:54,033 You know, I could have, uh, flipped burgers. 94 00:04:54,033 --> 00:04:57,933 I could have worked at, you know, all these dish washing things like that. 95 00:04:58,248 --> 00:05:02,778 One of my friends said, Vinney, I sold encyclopedias and you 96 00:05:02,778 --> 00:05:04,308 know, they were really great. 97 00:05:04,723 --> 00:05:08,093 I liked, how much money he made and so forth. 98 00:05:08,423 --> 00:05:09,983 So I said, okay, let's go. 99 00:05:10,103 --> 00:05:10,553 Let's go. 100 00:05:10,883 --> 00:05:15,743 So just making a decision is so important. 101 00:05:16,103 --> 00:05:19,223 And you fix it, you fix it, you say, no. 102 00:05:19,223 --> 00:05:21,623 Turning around, no going back. 103 00:05:22,193 --> 00:05:25,553 You got to look to make that opportunity. 104 00:05:26,468 --> 00:05:28,733 Bring the best off of anybody. 105 00:05:29,063 --> 00:05:33,383 And I sold books as, you know, 13 hours a day, 80 hours a week, 106 00:05:33,563 --> 00:05:37,563 six days a week, for all through summers and made a lot of money. 107 00:05:37,563 --> 00:05:39,003 Then came back next year. 108 00:05:39,003 --> 00:05:40,113 Came back, what? 109 00:05:40,533 --> 00:05:44,193 Rejection, slamming of doors, all those things, right? 110 00:05:44,433 --> 00:05:46,623 But persistence pays off. 111 00:05:47,133 --> 00:05:48,453 It always pays off. 112 00:05:48,513 --> 00:05:50,348 If you are in for the good. 113 00:05:51,258 --> 00:05:52,758 Things will happen for you. 114 00:05:52,908 --> 00:05:57,738 And I got started getting rewards and others, my sales went up in 115 00:05:57,738 --> 00:05:59,808 three summers while I went to school. 116 00:05:59,808 --> 00:06:03,438 In the fall, summer, I will go and sell books, encyclopedia 117 00:06:03,498 --> 00:06:04,818 bibles, all those things. 118 00:06:05,178 --> 00:06:08,568 So fix safety, what we are talking about today. 119 00:06:08,748 --> 00:06:09,918 Think and grow rich. 120 00:06:10,098 --> 00:06:16,878 You cannot go to a location if you don't put a GPS where you wanna go. 121 00:06:17,868 --> 00:06:19,518 It's very similar to that. 122 00:06:20,073 --> 00:06:25,653 You can be wandering generality and then you will not accomplish 123 00:06:25,653 --> 00:06:29,753 what you want to really become, look at the magnifying glass. 124 00:06:29,753 --> 00:06:30,803 I always see that too. 125 00:06:30,803 --> 00:06:35,423 Take it outside in the sun and then you go up and down. 126 00:06:35,903 --> 00:06:44,063 Unless the magnifying glass has pointed the raise into one place, one dot. 127 00:06:44,903 --> 00:06:49,253 Then only it starts to burn the back of the hand or catches 128 00:06:49,253 --> 00:06:51,083 fire on a paper or whatever. 129 00:06:51,383 --> 00:06:58,403 So it's so important that we just get locked in with the goal, what we 130 00:06:58,403 --> 00:07:01,313 wanna do, and burn all the bridges. 131 00:07:02,133 --> 00:07:05,213 Vinney, I'm gonna relate this to something that is really real to me. 132 00:07:05,213 --> 00:07:08,753 So I, I remember a few years ago I was operating very heavily in real estate. 133 00:07:08,753 --> 00:07:11,243 I was, I was moving, I was involved, I was involved. 134 00:07:11,273 --> 00:07:15,173 And about five years ago, I said, I want to make a shift. 135 00:07:15,263 --> 00:07:17,843 I got into this, I've been in this 16 years, my 16th year. 136 00:07:17,843 --> 00:07:19,013 Now I got into this. 137 00:07:19,438 --> 00:07:20,788 Not for operations. 138 00:07:20,788 --> 00:07:22,708 I got in this to be a passive lender. 139 00:07:22,708 --> 00:07:24,868 I wanted to be a, a passive investor. 140 00:07:24,868 --> 00:07:26,098 I wanted passive income. 141 00:07:26,098 --> 00:07:28,168 Passive income was 16 years of work. 142 00:07:28,168 --> 00:07:31,078 Well, it was 12 years of working at the time, 11 years of working at the time. 143 00:07:31,348 --> 00:07:34,498 And I looked back and I said, oh my goodness, all I am is. 144 00:07:34,928 --> 00:07:38,738 A knowledgeable person in real estate with a lot of net worth. 145 00:07:38,768 --> 00:07:40,358 'cause that's what I focused on. 146 00:07:40,958 --> 00:07:42,818 And I made a shift about five years ago. 147 00:07:42,818 --> 00:07:48,098 I said I need, I did say it, that I need, I need to shift my mindset towards 148 00:07:48,188 --> 00:07:50,858 what acquires true passive income. 149 00:07:50,858 --> 00:07:52,868 And I started really focusing on something I learned. 150 00:07:53,118 --> 00:07:55,938 10 years ago called GNN gw, not needed. 151 00:07:56,598 --> 00:07:59,928 And when I started shifting, I started looking at everything I had 152 00:07:59,928 --> 00:08:01,668 and I said, how could I liquidate? 153 00:08:01,698 --> 00:08:03,648 How could I get to passive income? 154 00:08:03,648 --> 00:08:06,258 How could I get to other people doing the work? 155 00:08:06,258 --> 00:08:10,848 Instead of OPM, I was thinking OPT, other people's time, other 156 00:08:10,848 --> 00:08:13,128 people's energy, other people's knowledge, other people's skills. 157 00:08:13,548 --> 00:08:16,608 And my like, because I made a decision, I made a switch. 158 00:08:16,638 --> 00:08:21,678 I said, no more real estate knowledge, no more real estate. 159 00:08:22,358 --> 00:08:24,608 Building, no more real estate, anything. 160 00:08:24,608 --> 00:08:26,678 I just want passive income. 161 00:08:27,338 --> 00:08:32,108 And that shift took about a year before I started my lending business. 162 00:08:32,198 --> 00:08:35,288 And then before you know it, I had a million dollars lent out. 163 00:08:35,828 --> 00:08:40,268 And now today me and Dorina have 3.6 or almost $4 million lent out. 164 00:08:40,748 --> 00:08:44,228 And it was because we just said, wow, this is good, and our fixity 165 00:08:44,228 --> 00:08:45,228 shift, and we said, how do we get. 166 00:08:45,673 --> 00:08:49,453 More, but I know a lot of people who are house rich, cash poor, a lot of 167 00:08:49,453 --> 00:08:53,083 people who are business rich, cash poor, they have these wonderful assets, 168 00:08:53,083 --> 00:08:54,523 but they're not making anything right. 169 00:08:54,793 --> 00:08:57,853 And there, there's an opportunity right now in today's world 170 00:08:58,273 --> 00:08:59,623 to make a shift, right? 171 00:08:59,623 --> 00:09:01,333 There's, there's a chance to make a change. 172 00:09:02,023 --> 00:09:02,623 How do. 173 00:09:03,788 --> 00:09:05,478 How do people wake up, Vinney? 174 00:09:05,498 --> 00:09:06,488 'cause you worked hard too. 175 00:09:06,548 --> 00:09:09,338 Like you were selling books, you were trading your dime for dollars. 176 00:09:09,338 --> 00:09:10,388 You were working, you were working. 177 00:09:10,598 --> 00:09:11,738 You're a Hindu young. 178 00:09:11,798 --> 00:09:14,588 A young Hindu man in America selling Bibles. 179 00:09:14,858 --> 00:09:15,368 Yes. 180 00:09:15,373 --> 00:09:15,523 Right? 181 00:09:15,543 --> 00:09:15,763 Yes. 182 00:09:15,768 --> 00:09:18,038 So you were trading like belief systems. 183 00:09:18,038 --> 00:09:21,578 You're trading time, you're trading energy at some point. 184 00:09:22,253 --> 00:09:25,883 A decade ago, you really started shifting into passive income 185 00:09:25,888 --> 00:09:26,838 years, though you did 20, 20. 186 00:09:26,858 --> 00:09:27,438 20 years. 187 00:09:27,438 --> 00:09:27,863 20 years. 188 00:09:27,863 --> 00:09:28,283 Actually years. 189 00:09:28,398 --> 00:09:28,638 Years. 190 00:09:28,638 --> 00:09:30,113 We've been investing in real estate. 191 00:09:30,113 --> 00:09:34,133 I've been married 46 years this year, thank goodness, with a lovely wife. 192 00:09:34,343 --> 00:09:36,293 But the big thing is that we. 193 00:09:37,083 --> 00:09:42,513 Got into real estate because a clear group in California, when we meet 194 00:09:42,513 --> 00:09:46,863 over the weekends, they talk about their rentals and homes and single 195 00:09:46,863 --> 00:09:48,933 rent, single family, you know, rental. 196 00:09:48,933 --> 00:09:50,613 And that's what we started buying. 197 00:09:51,063 --> 00:09:56,163 But then 20, 30 years back, it just didn't make sense to me because. 198 00:09:56,948 --> 00:10:00,908 The single family game is very simple. 199 00:10:01,128 --> 00:10:04,068 It's not big making machine at all. 200 00:10:04,428 --> 00:10:07,713 So that's when I learned the power of. 201 00:10:09,168 --> 00:10:15,528 Syndication power of helping friends and family to find the best deals 202 00:10:16,158 --> 00:10:19,938 and then have them ask them if they would like to invest in it. 203 00:10:20,148 --> 00:10:24,868 And that has been what you just mentioned, O-P-M-O-P-T is. 204 00:10:25,333 --> 00:10:26,563 Other people's time. 205 00:10:26,893 --> 00:10:33,493 OPM is other people's money, and that's the key to success of any entrepreneur. 206 00:10:33,823 --> 00:10:37,723 All these companies, look at the Google, look at Amazon, look at everything. 207 00:10:38,053 --> 00:10:40,753 They have been raising money from investors. 208 00:10:41,173 --> 00:10:41,728 They with 209 00:10:41,728 --> 00:10:44,803 hundreds of thousands of employees, hundreds of thousands 210 00:10:44,803 --> 00:10:45,943 of employees doing all the 211 00:10:45,943 --> 00:10:46,363 work. 212 00:10:46,733 --> 00:10:51,193 Hi friends, this is Vinny Chopra from here in Danville, California, 213 00:10:51,493 --> 00:10:54,213 and you might be saying, Hey, Vinny, what are these over here? 214 00:10:54,443 --> 00:10:59,143 You know, I wrote this book a few years back, Apartment Syndication 215 00:10:59,143 --> 00:11:01,183 Made Easy, it became top seller. 216 00:11:01,383 --> 00:11:04,143 I came from India with 7 in my pocket. 217 00:11:04,343 --> 00:11:06,293 It says 500 million. 218 00:11:06,433 --> 00:11:09,263 It's going to be 1 billion very soon, very soon. 219 00:11:09,473 --> 00:11:12,163 I'm right at about 850, 900 million. 220 00:11:12,163 --> 00:11:14,733 It's And then I'm ready for the next billion. 221 00:11:14,813 --> 00:11:18,343 Actually, you will see that happening two billion in this book. 222 00:11:18,433 --> 00:11:21,753 Also, the other book I wrote, which has been a very big 223 00:11:21,943 --> 00:11:23,713 positivity has been my life. 224 00:11:24,053 --> 00:11:25,233 Always, always. 225 00:11:25,233 --> 00:11:27,893 I've been married 43 years with two children. 226 00:11:28,203 --> 00:11:30,343 And the beauty is to be positive. 227 00:11:30,383 --> 00:11:33,883 The mindset that can take you to all the places in the world. 228 00:11:34,143 --> 00:11:35,883 And that's the book that also. 229 00:11:36,233 --> 00:11:37,503 Became big, big seller. 230 00:11:37,683 --> 00:11:40,533 My third book, Senior Assisted Living is coming. 231 00:11:40,713 --> 00:11:45,193 So do yourself a favor, go ahead and click the link below to get free 232 00:11:45,193 --> 00:11:50,003 copies, audio copies of these books, even printed copies of these books. 233 00:11:50,223 --> 00:11:53,683 If you, I'm a print in means digital, if you can't afford it, 234 00:11:53,843 --> 00:11:57,933 but I would highly recommend for you to get these or go to amazon. 235 00:11:58,213 --> 00:11:58,623 com. 236 00:11:58,883 --> 00:12:00,003 Just go to Amazon. 237 00:12:00,243 --> 00:12:03,053 I got it in soft cover and hard cover. 238 00:12:03,748 --> 00:12:07,138 In Kindle, in audio, also the Spanish version of this. 239 00:12:07,198 --> 00:12:08,338 Oh, this book also. 240 00:12:08,608 --> 00:12:10,688 So let's crush it, guys. 241 00:12:10,998 --> 00:12:12,718 I know you can be successful. 242 00:12:12,718 --> 00:12:17,078 I know you can do the kind of things that you want to do in life and have 243 00:12:17,078 --> 00:12:22,448 the streams of income and know how to really, you know, educate yourself so 244 00:12:22,448 --> 00:12:27,958 that you could become a strong, strong force in this world in real estate. 245 00:12:28,128 --> 00:12:29,038 I know you can. 246 00:12:29,473 --> 00:12:30,683 So take that step. 247 00:12:30,823 --> 00:12:32,473 Don't just be on the sideline. 248 00:12:32,723 --> 00:12:34,103 Take charge of your life. 249 00:12:34,203 --> 00:12:35,743 Take charge of your education. 250 00:12:36,190 --> 00:12:36,970 Yes, totally. 251 00:12:37,300 --> 00:12:37,810 Totally. 252 00:12:37,815 --> 00:12:38,440 Yes, totally. 253 00:12:38,590 --> 00:12:41,350 And investors like us buy their shares, right? 254 00:12:41,620 --> 00:12:46,330 Their stock, and own a very, very, very, very, very small portion. 255 00:12:46,570 --> 00:12:48,610 But they make profit for the investors, right? 256 00:12:48,970 --> 00:12:52,420 That's exactly what in real estate is syndication. 257 00:12:52,600 --> 00:12:53,860 It's a bad word. 258 00:12:53,860 --> 00:12:57,340 A lot of people don't like it, but once you get into it, 259 00:12:57,580 --> 00:12:59,380 it's very good because you're. 260 00:13:00,050 --> 00:13:05,660 Really having the investors to share their wealth or their money, and you 261 00:13:05,660 --> 00:13:12,230 give them back 70 to 80% of your efforts go to give them cash flows and upside. 262 00:13:12,690 --> 00:13:15,275 I was just talking to an operator here in Cleveland. 263 00:13:15,965 --> 00:13:19,355 30 minutes ago, we, I took him out to lunch and it is a real big 264 00:13:19,355 --> 00:13:21,635 broker here, so that's obviously why I'm hanging out with him. 265 00:13:21,635 --> 00:13:25,445 But he's also an operator, so 300 units, and I asked him, we were 266 00:13:25,445 --> 00:13:28,775 talking, we're chatting it up, and he said, dude, I'm just so tired 267 00:13:28,775 --> 00:13:31,895 of doing syndications because I give all my money to the investors. 268 00:13:31,895 --> 00:13:32,855 I said, I get it. 269 00:13:33,215 --> 00:13:33,845 I get it. 270 00:13:33,845 --> 00:13:37,565 But I like it as a passive investor. 271 00:13:38,105 --> 00:13:38,345 Yes. 272 00:13:38,345 --> 00:13:40,505 That there's somebody out there working their butt off. 273 00:13:40,775 --> 00:13:40,865 Yes. 274 00:13:41,105 --> 00:13:43,295 To bring all that money back to the investors. 275 00:13:43,805 --> 00:13:46,385 So he, he, we were laughing 'cause he is like, yeah, no, I, 276 00:13:46,385 --> 00:13:47,645 I wanna get to where you're at. 277 00:13:47,645 --> 00:13:48,965 I wanna be the passive investor. 278 00:13:48,965 --> 00:13:51,635 I wanna be doing the lending, I wanna be doing the passive LPs. 279 00:13:51,965 --> 00:13:53,825 But he said, it's so hard to find a good operator. 280 00:13:53,825 --> 00:13:55,145 I said, but that's the secret. 281 00:13:55,505 --> 00:13:56,555 You think it's hard? 282 00:13:57,260 --> 00:13:59,900 I think that's my only job, right? 283 00:13:59,905 --> 00:13:59,985 Mm-hmm. 284 00:14:00,320 --> 00:14:02,450 My only job is to find a great operator. 285 00:14:02,810 --> 00:14:03,020 Yeah. 286 00:14:03,020 --> 00:14:04,370 Find that person who knows what they're doing. 287 00:14:04,370 --> 00:14:06,710 Find the person who understands the markets, understands the industry, 288 00:14:06,710 --> 00:14:10,310 understands the the asset class, and with that fixity of purpose, it's changed. 289 00:14:10,310 --> 00:14:13,100 Now, I know Vinnie Chopra, I've known you for three, almost four years now. 290 00:14:13,100 --> 00:14:14,480 We've been doing this together for three years. 291 00:14:14,780 --> 00:14:15,050 Yes. 292 00:14:15,080 --> 00:14:19,320 That, that came from a fixity of purpose shift, changing my mindset. 293 00:14:20,085 --> 00:14:22,095 To a place of passive income. 294 00:14:22,095 --> 00:14:24,735 I think that there's a lot of people who are waking up in America today. 295 00:14:24,765 --> 00:14:27,915 They're realizing their 50 years of working, 40 years of working, 30 years 296 00:14:27,915 --> 00:14:29,235 of working, hasn't produced anything. 297 00:14:29,575 --> 00:14:34,565 They're small, return from how much money they've made hasn't produced in 298 00:14:34,565 --> 00:14:37,795 the way that it could, or their business that is, I know people with businesses 299 00:14:37,915 --> 00:14:43,135 that pay themselves 250,000, 400,000 a year, but the business worth 5 million. 300 00:14:43,945 --> 00:14:44,275 Yeah, 301 00:14:44,335 --> 00:14:47,155 and they, in their head, they're like, I can't sell it. 302 00:14:47,215 --> 00:14:49,615 Like in my head, I can't keep it. 303 00:14:49,645 --> 00:14:54,415 Like there's no way I'd keep something worth five mil to only make 400,000. 304 00:14:55,270 --> 00:14:56,350 I want that gone. 305 00:14:56,350 --> 00:14:57,550 I want it out of my life. 306 00:14:57,940 --> 00:15:00,070 That's my fixity of purpose is passive income. 307 00:15:00,100 --> 00:15:02,530 That's my one fixity of purpose. 308 00:15:02,710 --> 00:15:07,540 How does somebody go and shift somebody who's at that point where 309 00:15:07,540 --> 00:15:09,580 they're right, like they're thinking about selling their business? 310 00:15:09,580 --> 00:15:11,920 Think about selling their real estate, thinking about selling stocks. 311 00:15:12,100 --> 00:15:15,995 Right now, I know a lot of people miss the window to sell Bitcoin is the window. 312 00:15:16,025 --> 00:15:16,315 Yeah. 313 00:15:16,315 --> 00:15:16,675 Look at that. 314 00:15:16,735 --> 00:15:17,115 Oh my gosh. 315 00:15:17,115 --> 00:15:17,755 They shoulda should have sold. 316 00:15:18,425 --> 00:15:20,470 Yeah, but there's people who did sell, right? 317 00:15:20,620 --> 00:15:21,400 There's people who did sell. 318 00:15:21,400 --> 00:15:21,995 They sold the top. 319 00:15:21,995 --> 00:15:22,235 Sure. 320 00:15:23,095 --> 00:15:24,745 What do you say to somebody who's, 321 00:15:25,345 --> 00:15:25,495 I 322 00:15:25,495 --> 00:15:28,135 would say, let's say, let's say they've been in an asset like Bitcoin, right? 323 00:15:28,135 --> 00:15:29,245 It's not paying any dividends. 324 00:15:29,245 --> 00:15:31,765 It's not paying any, uh, any returns. 325 00:15:31,765 --> 00:15:32,905 It's not doing anything for them. 326 00:15:32,905 --> 00:15:32,995 Yeah. 327 00:15:32,995 --> 00:15:34,105 It's just the upside. 328 00:15:34,105 --> 00:15:35,065 Just the upside. 329 00:15:35,065 --> 00:15:38,845 And it went from, of course, lower level to higher, and people were 330 00:15:38,845 --> 00:15:43,255 really going, it could go to 200,500. 331 00:15:43,450 --> 00:15:43,990 I don't know. 332 00:15:44,200 --> 00:15:44,590 But the, so, 333 00:15:44,860 --> 00:15:47,830 so somebody who's been focusing on appreciation for so long mm-hmm. 334 00:15:48,460 --> 00:15:49,960 And ignoring cash flow, like. 335 00:15:51,055 --> 00:15:53,905 If they were to shift their mindset, what would you say would be the steps to 336 00:15:53,905 --> 00:15:58,555 shift from appreciation only to looking for that cash or the preferred return 337 00:15:58,555 --> 00:16:01,255 that, that monthly or quarterly dividend. 338 00:16:01,885 --> 00:16:04,085 What, how does a person come to that fixity of purpose? 339 00:16:04,475 --> 00:16:05,255 That's who you deal with. 340 00:16:05,255 --> 00:16:09,965 You got five, 600 investors who've they've decided, done with this. 341 00:16:09,965 --> 00:16:10,925 I want that. 342 00:16:11,465 --> 00:16:15,125 I mean, you know, you have to read the market, you have to see the trends, 343 00:16:15,305 --> 00:16:20,135 you have to see what's happening in the multifamily, which I was in quite a bit. 344 00:16:20,135 --> 00:16:22,235 We still have two assets left. 345 00:16:22,415 --> 00:16:23,740 But the key thing is I 346 00:16:23,740 --> 00:16:24,970 thought you sold out entirely. 347 00:16:24,970 --> 00:16:25,480 I thought you were 348 00:16:25,485 --> 00:16:25,935 completely done with it. 349 00:16:25,935 --> 00:16:27,730 No, I do have two, two big ones. 350 00:16:28,000 --> 00:16:33,575 Almost 125 million worth, but the thing is, you got to really make sure. 351 00:16:34,620 --> 00:16:37,440 As the time is shifting, you've gotta make a decision. 352 00:16:37,650 --> 00:16:41,970 Hey, the cash flow is drying out because of certain reasons. 353 00:16:42,920 --> 00:16:44,390 What's the other pivot? 354 00:16:44,390 --> 00:16:46,220 You've got to pivot your business. 355 00:16:46,460 --> 00:16:52,130 That's how I shifted into hospitality seven years back and thank goodness I 356 00:16:52,130 --> 00:16:57,680 learned it from ground up and had some big wins and now we are finding that. 357 00:16:58,500 --> 00:17:02,820 It's, it's risky if it's risky, if you don't understand where 358 00:17:02,820 --> 00:17:06,570 you are buying location, who's gonna operate and everything. 359 00:17:06,780 --> 00:17:11,250 But once you have really figured out the right product, right? 360 00:17:11,250 --> 00:17:16,170 Hotels like we are buying and then have a great operator that we can manage 361 00:17:16,170 --> 00:17:21,900 the operator managing the managers, it's called then cash flow is king. 362 00:17:22,150 --> 00:17:25,240 I'm looking at IRR of 22%. 363 00:17:25,845 --> 00:17:26,895 It's unheard of. 364 00:17:27,105 --> 00:17:30,285 I just had a meeting yesterday with an investor and you 365 00:17:30,285 --> 00:17:32,385 know, they said we need 4%. 366 00:17:32,745 --> 00:17:37,545 If I can make 4% in my IRA account, I'm happy. 367 00:17:38,085 --> 00:17:43,875 4% because that's what, you know, it takes to use up as a senior 368 00:17:44,085 --> 00:17:50,205 4% a year to keep your investment intact so that it's not depleting. 369 00:17:50,385 --> 00:17:50,715 So 370 00:17:50,835 --> 00:17:54,075 I, I have a friend, Vinney, who has $10 million in their bank account. 371 00:17:54,135 --> 00:17:56,295 They're earning 3.5%. 372 00:17:56,295 --> 00:17:57,735 They're making 350,000 a year. 373 00:17:58,225 --> 00:17:58,775 There we go. 374 00:17:58,775 --> 00:18:00,540 They, they're 100% okay with it. 375 00:18:00,840 --> 00:18:01,080 Yeah. 376 00:18:01,320 --> 00:18:03,060 ' cause they, there's no risk, right? 377 00:18:03,060 --> 00:18:04,200 There's no downside. 378 00:18:04,200 --> 00:18:05,760 That's, it's just, it's bonds. 379 00:18:05,760 --> 00:18:06,300 It's debt. 380 00:18:06,330 --> 00:18:06,510 Yes. 381 00:18:06,510 --> 00:18:07,380 It's key bills. 382 00:18:07,950 --> 00:18:08,040 Mm-hmm. 383 00:18:08,280 --> 00:18:10,260 Um, and it, they're a mentor of mine. 384 00:18:10,260 --> 00:18:11,550 I'm like, oh, how did you get there? 385 00:18:11,630 --> 00:18:14,930 You know, I did this, I did that, and this was my solution. 386 00:18:15,020 --> 00:18:17,860 It's not all they own, it's just a chunk of the portfolio. 387 00:18:18,700 --> 00:18:20,710 So that, that mindset, it's a decision, 388 00:18:20,905 --> 00:18:21,255 right? 389 00:18:21,260 --> 00:18:22,120 It's the decision. 390 00:18:22,120 --> 00:18:26,140 It's the decision and also fixity of the purpose. 391 00:18:26,200 --> 00:18:31,960 If your purpose is, I don't want to just be earning 3%, I want to earn 6%. 392 00:18:32,260 --> 00:18:37,870 There are lots of vehicles out there to make 6% and sleep well at nighttime. 393 00:18:37,870 --> 00:18:39,250 Protected, yeah, protected. 394 00:18:39,255 --> 00:18:41,500 Or eight or 10 or 12. 395 00:18:41,740 --> 00:18:43,780 Like where, where does the risk cash, 396 00:18:43,780 --> 00:18:46,750 where does the risk start getting high? 397 00:18:46,840 --> 00:18:47,050 Right? 398 00:18:47,050 --> 00:18:47,770 Like where does it. 399 00:18:48,280 --> 00:18:51,850 High returns have high risks, let's just say that. 400 00:18:52,210 --> 00:18:52,330 Yeah. 401 00:18:52,330 --> 00:18:52,450 I 402 00:18:52,450 --> 00:18:56,410 mean, you know, the low returns have less risk, but a lot of people 403 00:18:56,410 --> 00:19:00,160 want to have very high returns, but zero risk out would size 404 00:19:00,190 --> 00:19:00,850 returns. 405 00:19:00,900 --> 00:19:01,110 Yeah. 406 00:19:01,110 --> 00:19:07,020 You know, so you have to really find the operators indicators of funds in 407 00:19:07,020 --> 00:19:12,270 real estate, if you can, in different commercial sectors and feel good about it. 408 00:19:12,455 --> 00:19:16,505 You got to understand what you're putting money in, where you're 409 00:19:16,505 --> 00:19:20,885 putting, who are the principles, who are people on the guarantors and the 410 00:19:20,885 --> 00:19:26,135 loan and everything, and how are they protected through SEC ruling Securities 411 00:19:26,135 --> 00:19:28,175 and Exchange Commission rules. 412 00:19:28,565 --> 00:19:28,685 Yes. 413 00:19:28,685 --> 00:19:31,505 What would you say to, to operators of real estate? 414 00:19:31,685 --> 00:19:31,775 Yes. 415 00:19:31,835 --> 00:19:35,495 Business owners who have been stuck just operating. 416 00:19:35,675 --> 00:19:36,935 Busy, busy, busy, busy. 417 00:19:37,965 --> 00:19:40,635 They, they don't feel comfortable making the shift. 418 00:19:40,635 --> 00:19:41,955 They don't believe it's possible. 419 00:19:41,955 --> 00:19:42,795 They have the money, right? 420 00:19:43,005 --> 00:19:45,855 They have the money to retire, and if they deployed it the right way, 421 00:19:45,855 --> 00:19:46,965 they'd have the money to retire. 422 00:19:47,295 --> 00:19:50,085 But they say it's too hard to find a good operator. 423 00:19:50,085 --> 00:19:52,035 I don't know enough about the industry. 424 00:19:52,355 --> 00:19:54,485 It's, you know, I don't trust people. 425 00:19:54,485 --> 00:19:56,255 How does a person change that mindset? 426 00:19:56,260 --> 00:19:58,925 Because you get whatever you believe you get, whatever you focus on. 427 00:19:59,375 --> 00:20:01,595 Oh my gosh, you just picked the words outta my mouth. 428 00:20:01,895 --> 00:20:03,215 What you believe. 429 00:20:03,510 --> 00:20:08,100 Right here between your ears is what the reality will be if you 430 00:20:08,100 --> 00:20:09,990 say there is nobody good out there. 431 00:20:10,955 --> 00:20:13,865 Guess what all around you, you could find them. 432 00:20:13,865 --> 00:20:18,815 There is nobody could get tall, but if you say no, there are operators who are 433 00:20:19,055 --> 00:20:25,025 giving great returns and check them out and ask AI and ask other people and all. 434 00:20:25,355 --> 00:20:28,415 And recommendations, referrals, all those are very important. 435 00:20:28,710 --> 00:20:32,850 There are people out there who are giving great returns. 436 00:20:33,150 --> 00:20:33,210 Yeah. 437 00:20:33,210 --> 00:20:37,230 I mean, my goal is to buy five more hotels this year via, 438 00:20:37,230 --> 00:20:38,910 I'm going to Dallas next week. 439 00:20:38,910 --> 00:20:41,220 I'll be broadcasting from there, by the way. 440 00:20:41,460 --> 00:20:41,820 You know? 441 00:20:41,820 --> 00:20:41,910 Nice. 442 00:20:41,910 --> 00:20:42,930 It's gonna be fun. 443 00:20:42,990 --> 00:20:45,900 It's gonna be fun because I'm meeting with my partners and. 444 00:20:46,880 --> 00:20:53,710 2026 is gonna be a banner year in cash flows and making some great acquisitions. 445 00:20:53,980 --> 00:20:58,270 And we are gonna live very happily after for the next five years. 446 00:20:58,570 --> 00:21:03,280 But this is the year we need to really step in, really step in multifamily, 447 00:21:03,580 --> 00:21:05,620 in senior living and in hotels. 448 00:21:05,620 --> 00:21:06,610 I say all three. 449 00:21:06,880 --> 00:21:11,470 I'm focused more on the hotels hospitality because my partners have 450 00:21:11,470 --> 00:21:14,230 been living, breathing, smelling since. 451 00:21:14,945 --> 00:21:16,475 13 years of age. 452 00:21:17,025 --> 00:21:18,705 That's what I'm looking for right there. 453 00:21:18,705 --> 00:21:19,575 What you just said. 454 00:21:19,575 --> 00:21:20,925 That belief system. 455 00:21:20,925 --> 00:21:22,515 I've found the right partners. 456 00:21:22,575 --> 00:21:26,415 I've chose the asset class based on the partners, based on their capacity. 457 00:21:26,415 --> 00:21:26,505 Yes. 458 00:21:26,505 --> 00:21:27,885 This is what they're very good at. 459 00:21:28,305 --> 00:21:28,545 Yes. 460 00:21:28,545 --> 00:21:31,275 You've gotten out of multifamily even though you see the opportunity, 461 00:21:31,455 --> 00:21:33,105 you're moving at the hotels. 462 00:21:33,350 --> 00:21:35,960 Because the operator, the strength of the operator. 463 00:21:35,960 --> 00:21:38,750 And you have this saying of like, my operators are the best. 464 00:21:38,750 --> 00:21:41,600 I like you only attract the greatest operators to yourself. 465 00:21:42,065 --> 00:21:42,495 Thank you. 466 00:21:42,495 --> 00:21:43,215 That's the Thank you. 467 00:21:43,335 --> 00:21:45,650 I, I say it to myself, I'm like, I only work with the best operators. 468 00:21:45,650 --> 00:21:47,990 I, it's an affirmation and it's become the truth. 469 00:21:48,320 --> 00:21:48,440 Yes. 470 00:21:48,680 --> 00:21:51,470 'cause I say it's so much, only the best operators are, are coming 471 00:21:51,470 --> 00:21:53,240 into my space or into my existence. 472 00:21:54,075 --> 00:21:56,235 So before we jump off here, you, you 473 00:21:56,235 --> 00:21:58,695 said that laugh, attraction, RDA burns. 474 00:21:58,695 --> 00:22:00,765 We talk about her all the time. 475 00:22:00,825 --> 00:22:01,005 Yeah, 476 00:22:01,005 --> 00:22:03,975 that laugh, attraction, laugh, manifestation. 477 00:22:03,975 --> 00:22:04,425 Sorry. 478 00:22:04,725 --> 00:22:11,205 The more you think about the more you send signals out of negative or positive or 479 00:22:11,385 --> 00:22:15,585 fixity of purpose, we are talking about Think and Grow Rich Napoleon Hills book. 480 00:22:15,915 --> 00:22:20,805 The more you send the signals and get your subconscious and conscious 481 00:22:20,805 --> 00:22:23,235 ready for some great opportunities. 482 00:22:23,850 --> 00:22:28,410 People will be flocking and coming in your circle because the 483 00:22:28,410 --> 00:22:34,230 manifestation of your thinking is gonna happen negatively or positively. 484 00:22:34,470 --> 00:22:35,280 You decide. 485 00:22:35,310 --> 00:22:39,040 You decide, and then don't be in a spectator, I call it. 486 00:22:39,400 --> 00:22:42,850 Because if you, a spectator, life will pass by. 487 00:22:43,900 --> 00:22:49,060 When the opportunity comes, let the opportunity open the door and you step in. 488 00:22:49,150 --> 00:22:50,830 You got to take actions. 489 00:22:50,920 --> 00:22:54,160 And that is all, you know, those points I sent you, maybe we 490 00:22:54,160 --> 00:22:56,290 could go over those four points. 491 00:22:56,440 --> 00:23:00,180 That might be a good summary for the, book summary. 492 00:23:00,520 --> 00:23:03,070 Uh, of course there are so many great ideas and things. 493 00:23:03,280 --> 00:23:07,960 I read that book when I came 50 years back in this country, changed my life. 494 00:23:08,290 --> 00:23:12,940 And, you know, there are so many ways that you can dream and think 495 00:23:12,940 --> 00:23:17,830 and all that, and then it becomes reality later on when you persevere. 496 00:23:18,130 --> 00:23:24,430 Don't take no foreign an answer and really be totally, uh, what's the word? 497 00:23:25,120 --> 00:23:29,040 Real passionate and burning desire no matter what. 498 00:23:29,915 --> 00:23:31,085 Things come on the way. 499 00:23:31,085 --> 00:23:35,165 Always, you know, you've got to bypass those things. 500 00:23:35,165 --> 00:23:38,255 Go over the wall, under the wall or through the wall, 501 00:23:38,255 --> 00:23:40,130 I say to get to your goals. 502 00:23:43,085 --> 00:23:43,805 You've heard it here. 503 00:23:43,805 --> 00:23:44,735 That's Vinney Chopra. 504 00:23:44,855 --> 00:23:47,675 He wrote the book, positivity Brings Profitability. 505 00:23:48,245 --> 00:23:50,795 Uh, if you wanna learn more about what we're doing here with Abundance Thursdays, 506 00:23:50,795 --> 00:23:53,315 you go to Vinney chopra.com/events. 507 00:23:53,465 --> 00:23:56,015 Get more education there you go to alchemist station.com. 508 00:23:56,315 --> 00:23:59,105 There's also a link I build millionaires.com 'cause we're 509 00:23:59,105 --> 00:24:02,525 building 100 millionaires who are inspired to build 100 millionaires. 510 00:24:03,005 --> 00:24:05,585 Uh, so if you're already a millionaire, we could use the help. 511 00:24:05,675 --> 00:24:08,915 We found that millionaires are the best people to give advice to other 512 00:24:08,915 --> 00:24:10,115 people who are on their way up. 513 00:24:10,115 --> 00:24:13,205 So if you have it on your heart, have it in your desire to help us build 514 00:24:13,205 --> 00:24:16,865 more millionaires, uh, you can go and find us at ibuildmillionaires.com and 515 00:24:16,865 --> 00:24:19,445 book a call with me or Vinney so we can start having the conversation. 516 00:24:19,475 --> 00:24:20,375 What is it that we can do? 517 00:24:20,375 --> 00:24:20,705 What is it? 518 00:24:20,705 --> 00:24:24,005 Your niche is to help us get more people understanding how. 519 00:24:24,380 --> 00:24:24,830 Easy. 520 00:24:25,250 --> 00:24:27,230 Well, it's not easy, but it is simple. 521 00:24:28,220 --> 00:24:28,310 Yeah. 522 00:24:28,310 --> 00:24:32,060 Circle the philosophies behind building wealth are, ladies and gentlemen, cheers 523 00:24:32,060 --> 00:24:33,500 to your success when you have a choice. 524 00:24:33,500 --> 00:24:34,160 Always work with the best. 525 00:24:34,160 --> 00:24:37,265 We just what us Thursday, every Thursday at 9:00 PM 9:00 AM 526 00:24:37,655 --> 00:24:37,945 nine 527 00:24:38,345 --> 00:24:41,900 EST, 12:00 PM EST. We'll see you on the next one. 528 00:24:42,050 --> 00:24:42,920 See you next week. 529 00:24:43,400 --> 00:24:44,065 Thank you everybody. 530 00:24:44,065 --> 00:24:44,425 Thank you. 531 00:24:44,445 --> 00:24:44,665 See 532 00:24:44,665 --> 00:24:44,825 you brother. 533 00:24:44,825 --> 00:24:45,425 Thank you, brother. 534 00:24:45,650 --> 00:24:46,040 Okay. 535 00:24:46,040 --> 00:24:46,550 Bye-Bye. 536 00:26:03,144 --> 00:26:03,734 Hey there! 537 00:26:03,954 --> 00:26:06,914 The upcoming episode is scheduled for Thursday. 538 00:26:06,964 --> 00:26:10,554 We appreciate your viewership of The Abundance Mindset Show. 539 00:26:10,654 --> 00:26:16,134 Tune in every Thursday at 9am Pacific Standard Time or 12pm Eastern on 540 00:26:16,134 --> 00:26:21,504 various social media platforms hosted by Vinny Chhabra and Gualter Amarello. 541 00:26:21,654 --> 00:26:26,634 Don't forget to subscribe, share your comments, and leave a 5 star review. 542 00:26:26,854 --> 00:26:28,234 Thank you for your support!