In the next year do you think you could save up enough money to buy a house or maybe even survive a year without income while you build your business? After listening to Jennifer Beadles share how she went from being a waitress to millionaire by 29, it’s going to be hard to make many excuses about why you can’t. She has an incredible story.
She jokes that her husband was able to retire from his construction job a couple of years ago in his late 20s. She never went to college. How did she do it?
At age 20 she decided she would buy a house by the time she was 21. She lives in the Seattle area, so the real estate there isn’t all that cheap.
She worked two jobs to save up the money and you know what, she achieved her goal and she got hooked on real estate!
Today she is a real estate agent, builder, investor and educator.
Some important lessons from our conversation include:
- Why she loves making mistakes and she shares some of her favorite mistakes. How over using one of her strengths turned into a weakness.
- How she and her husband assessed their strengths and built a business around them.
- Why delayed gratification was crucial to her financial success.
Life Skills That Matter In This Episode
- Self-directed learning.
- Habit alignment.
How Jennifer Works and Thinks
- Wake up time: 6:30 am
- Core work activities + habits: 1) Networking 2) Acquisition, seeking great deals 3) Writing.
- Ideal work environment: Warm office with very intelligent people who challenge her ideas.
- Self-reflection practice: 1) Blogging at least monthly. 2) Thinking every morning about what to accomplish.
- Regains focus by: Vacationing, both planned and spontaneous as needed (taking 6-8 weeks off per year).
- 90-day goal: Model the local business by expanding into Indianapolis and Nashville.
“I enjoy the challenge of stretching and pushing myself.”
“Over the years I’ve almost felt broke spending money on income producing assets.”
“Mistakes are just part of the journey and I love them.”
“I can’t imagine there would be a point in our lives where we would stop working.”
To gain more control of spending habits, Jennifer prescribes the following steps:
1) Get comfortable being uncomfortable.
2) Focus on delayed gratification.
3) Take an inventory of your strength. Exploit your own strengths.