He thought this show was dumb, debt was bad. He originally listened to laugh rather than for financial education. In 2009, Get Rich Education (GRE) listener Dustin Jones suffered a personal bankruptcy as a result of high real estate commercial debt tied to properties with declining value. His goal was to be debt-free by age 40. In 2015, that all changed when he began listening to Get Rich Education. He learned that financially-free beats debt-free. Now Dustin embraces debt again by strategically turning equity into cash flow. He has $781,000 in debt, and hopes to have $1.1M to $1.2M by year-end. Isn’t that counterintuitive? It’s a fascinating story of tragedy, resilience, learning, strength, and self-belief with remarkable Michigan-based GRE listener Dustin Jones.
Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week’s show and learn:
03:47 Building a real estate portfolio in Flint, MI.
05:48 Declining property values and rent incomes.
09:36 Calling notes due generally doesn’t happen on performing, residential loans.
12:52 Dustin thought debt was dumb.
13:56 Finding GRE in 2015 and laughing at how it first sounded like nonsense.
19:00 Applying abundant concepts.
21:33 Buying 5 properties in Houston, Memphis, and Montgomery. $1,250 cash flow.
25:46 Dustin’s other investments.
27:47 Pitfalls with providers, inspections.
32:28 Meet Dustin and I in-person Sept. 6th to 9th! Learn more at: www.GetRichEducation.com/Belize.