BiggerPockets Real Estate Podcast - 844: The 3 "Lies" You Can't Afford to Tell Yourself in This Housing Market w/Jim Kwik
Episode Date: November 14, 2023Jim Kwik is Nike, Google, and SpaceX’s go-to brain expert. If you want to learn anything faster and with less effort, he’s the guy you talk to. Jim is friends with some of the wealthiest, most inf...luential people on the planet, and he knows exactly what it takes to become successful and what YOU need to do TODAY to get to where you want to be. After numerous bad falls, sleeping disorders, and head injuries, Jim was consistently referred to as “the boy with the broken brain.” He couldn't read, he couldn’t remember, and he was falling behind in every aspect of life. But one day, Jim learned how to break the memory code, learn faster than even the most diligent students, and outpace his classmates, who had significant advantages. Now, he teaches everyone else how to do the same. If you want to read faster, remember anything, scale your business, and become successful, Jim has the tips you NEED. He also shares the “lies” you’re telling yourself that stop you from achieving your dreams and the TINY step you can take RIGHT NOW to accomplish your wildest aspirations. In This Episode We Cover: The “lies of learning” that are stopping you from building wealth Why “knowledge is power” is overrated and when to STOP learning How to remember ANYONE’S name (even if you just met them) The three “M's” that lead to a “limitless” brain and unlimited achievement Why you’re feeling burned out and how to put the fire back into your life One tiny, simple step you can take today that’ll put you on track for success And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 803 with Andy Gil BiggerPockets Podcast 443 with Jim Kwik Train Your Brain to Retain: A Quick & Simple Trick to Improve Your Memory Discover Your “Brain Animal” Books Mentioned in the Show: Pillars of Wealth by David Greene Limitless Expanded by Jim Kwik Connect with Jim: Jim's Instagram Jim's Podcast Jim's TikTok Jim's X/Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-844 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
This is the Bigger Pockets podcast show 844.
What's going on, everyone?
This is David Green, your host of the Bigger Pockets Real Estate Podcasts here today with my co-host,
Rob Abas Solo, and if you didn't know, this is the biggest, the best, the baddest real estate
podcast on the planet every week, bringing you the information, the how-toes, and the stories
that you need to be successful in this current market.
Now, today's guest, Jim Quick, is a world-renowned expert known as a brain
coach. He helps people to be smarter, which is a pretty cool thing to help people be good at. And as you all
know that are listening to this, today's real estate market is the most challenging that I've ever
seen, probably the most challenging that many of you have seen. But during times like this,
you can still improve yourself to hopefully find deals that you might not have saw before, make
deals that you might not have made or be ready when the market does turn around. Jim has worked
with organizations like Google, Nike, and SpaceX. He is a New York Times bestselling author.
And he joined Brandon and I back on episode 443, where he shared 10 ways to learn anything faster.
For those that are loyal Bigger Pockets podcast listeners, this is the same guest who Brandon and I share our most embarrassing moment in podcast history.
Brandon bragged to Jim about how good our systems were that we didn't need a good memory and then forgot to hit the record button.
And we talked to Jim for about 35 minutes and then had the uncomfortable.
awkward moment of having to tell him that after bragging, Brandon had forgot to hit the button.
And to be honest, we like silently contemplated if we should just not tell him that we weren't
recording.
Because to go in front of one of the smartest people on the planet and tell him, hey,
we forgot to hit the record button was embarrassing, but we did.
That was a fire episode.
That's one of the worst feelings ever.
So, Jim, thank you for joining us today to allow us to review ourselves.
We have confirmed that we are indeed recording.
Oh, actually, I don't think we.
are, can we run that from the beginning just one more time?
All right.
Hit it.
So we're going to be talking about how to hack our brains to succeed in any situation.
But before we get into that, let's learn a little bit about your backstory.
Why is brain science so personal for you?
So I didn't know I was going to do this as growing up.
I didn't, you know, a brain coach.
I don't even know if that role existed.
My inspiration was my desperation.
I had a series of head injuries when I was a child and one particular team.
BBI really messed me up.
I had, it took a bad fall when I was five years old, head first into a radiator and
rushed the emergency room.
And, you know, it just, it just, that just sucked.
I mean, it ends up turning out pretty well for me, but because of it, I had learning
issues.
I had learning disabilities, processing issues.
Teachers would repeat themselves over and over again.
And I would learn to pretend to understand, you know what I mean?
But I didn't understand anything.
Poor focus, poor memory.
It took me three years longer to learn how to read, and that was really embarrassing.
So I had a lot of self-doubt, a lot of fear, a lot of embarrassment, probably a little shame thrown in.
When I was nine years old, I was slowing down to class and being teased more than usual that day.
And I remember on that particular day, a teacher came to my defense.
And she pointed to me in front of the whole class and said, leave that kid alone.
That's the boy with the broken brain.
And that label kind of became my limit.
And every single time I did badly in school, which is like every week, I would say, oh, because I have the broken brain.
Every time I was a big for sports, I was a, and I, you know, I'm broken.
And so, yeah, I struggled.
But it's interesting over time, I don't know if anyone could relate to this, that sometimes your struggles could become your strengths, that with challenge comes change.
So anyone facing adversity right now in any area of your life, just want to remind you that adversity can, in some,
some cases be an advantage. Like, I don't know one strong person that had an easy life. And, you know,
and every single day we have a chance because we have a, we have a choice. We recently had a guest
on Andy Gill. I got to meet him at B.P. Con. Really nice guy. He has ADHD and that he's sort of,
that that whole episode was him talking about how that made it, you know, life a little bit difficult
sometimes, but he sort of pivoted it and really kind of leaned into the ADHD sort of being his
superpower type of thing. And it sounds like that's like a similar approach.
where you have this adversity, but how can you put the spin on that to actually make it your strength?
Yes, this whole idea where, you know, is life happening to you or maybe is it happening for you?
I'm sure some people have been through.
You hear a lot about post-traumatic stress.
We don't hear a lot about post-traumatic growth where part of those people have been through trauma,
they come through it.
And I don't know if someone listening can relate to it, but where you wouldn't wish it upon anybody,
the situation that happened to you, but through it, you found it.
something you found a trade or maybe a strength you got some clarity maybe found a mission or purpose
something something good came out of it you know I think some things we can only learn in a storm right
and some storms come because they they help clear our path and yeah so the world is whether it's
economic or political whatever's going on this is to remind people we have we have agency you know
we always can make a new choice and one step in another direction can completely change your your
destination in life. And in your efforts to overcome some of those initial challenges, which were
incredibly painful, no doubt, you did research that led to some incredible insights that now
all of our listeners get to benefit from. So thank you for being here. We're going to get into
some of Jim's lives of learning. But first, let's get a quick word from today's show sponsors.
There are two kinds of real estate investors, those who have reviewed their insurance and those who
think that they have. Most don't realize their coverage wasn't built for how they actually invest.
vacancy periods, rehabs, short-term rentals or LLC held properties.
These gaps surface only when filing claims.
That's why investors work with NREG.
They specialize exclusively in real estate investors,
understanding portfolios, risk at scale, and cash flow protection.
One claim can erase years of returns.
If you own a rental property, don't assume you're covered.
Have NREG review your insurance with someone who gets investing at NRE.com
slash BP pod.
That's NREIG.com slash BPOD.
For decades, real estate has been a cornerstone of the
world's largest portfolios. But it's also historically been sort of complex, time-consuming,
and expensive. But imagine if real estate investing was suddenly easy, all the benefits of owning
real, tangible assets without the complexity and expense. That's the power of the Fundrise
flagship fund. Now you can invest in a $1.1 billion portfolio of real estate, starting with as little
as $10. The portfolio features $4,700 single-family rental homes spread across the booming sunbelt. They also have
3.3 million square feet of highly sought after industrial facilities, thanks to the e-commerce wave.
The flagship fund is one of the largest of its kind. It's well diversified, and it's managed by a
team of professionals. And it's now available to you. Visit fundrise.com slash BP Market to explore
the fund's full portfolio, check out historical returns and start investing in just minutes.
Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise
flagship fund before investing. This and other information can be found in the fund's
prospectus at fundrise.com slash flagship. This is a paid advertisement. Do you ever
notice how every passive investment somehow turns into a very active lifestyle, active spreadsheets,
active phone calls, active stress. Here's a better question. What if you could buy brand-new
construction homes, 10% below market value in the best markets across the country without making
real estate your second job? That's exactly what rent-to-retirement does. They're a full-service,
turn-key investment company handling everything for you. In some cases, investors get 50 to 75% of
down payment back at closing, plus interest rates as low as 3.75%. They've partnered with Bigger
Pockets for over a decade, helping thousands invest smarter. If you want to do the same,
visit BiggerPockets.com slash retirement to learn more.
All right, we are here with Brain Coach Jim Quick, who just shared a story of some of the pain
that he went through when he was a child. And I know when you're going through pain as a child,
I also had a very painful childhood. It's different than pain as an adult. You've got some, like,
mechanisms of which you can process pain once you've been alive a little bit longer.
But once you're in those formative years, you just feel all of it.
And it could just be overwhelming.
And I love the line you said that you don't know any successful people that didn't have
a painful childhood.
And that's a lot of hope to the people that do struggle with some of those things.
And we have a gem like you, Mr. Jim quick.
So I love it.
Like some of my favorite people to listen to are the people that have been through the most
pain.
So tell me, what are the lies of learning?
So we go through some of the.
in the book.
So the book initially,
Limitless Expanded,
it was a book on all methodology
on accelerated learning and brain optimization.
That's kind of my superpower,
teaching people how to have the best brains possible
and also learn faster.
I think the faster you can learn,
the faster you can earn in any industry, right?
I believe, too,
the most costly words sometimes in life or work or I forgot.
I forgot to do it.
I forgot to bring it.
I forgot the meeting.
I forgot that conversation.
I forgot what I was going to say.
I forgot that.
person's name, I forgot to hit the record button, right? All those things can, we can lose time
and, you know, credibility, but also on the other side, memory can make you money, right?
When you can easily remember facts and figures or client information, product information,
give presentations without the use of notes. We live in an expert economy where knowledge is not
only power, knowledge is profit. And the faster you can learn, the faster you could earn.
And so the book, when I first one is going to send it to my publisher, it was all on methodology
on how to read faster and remember and do all those things.
But then I was like, before I hit send, I was like, will 100% of the people read this book
get the, you know, the rewards that they're hoping for?
And the honest answer was no.
Because we had to address besides methodology two other areas, which are your mindset and your
motivation.
So if you feel stuck, limitless is not about being perfect.
It's about advancing and progressing.
But if you feel like you're in a box, that box by definition you can't break out of, right?
It's maybe it's your income, maybe it's your impact, maybe it's your health, maybe it's some area, your career, you feel like you're stuck.
And so the three dimensions that make a box, these are the three forces that will get you out of that box that will liberate you.
So it's your mindset, your motivation and the methods.
So the lies fall underneath methodology.
I mean, not just methodology, but your mindset, right?
Your set of assumptions and attitudes you have about something.
So let's say somebody learns something on your podcast to make more money, right, to close more deals,
to be able to increase their income, but they're not doing it.
Part of the reason might be their mindset.
You know, at some level, they might not believe it's possible.
They might not believe they're capable of it.
Maybe it's possible for somebody else, but who's listening, but not capable for them.
Maybe they don't believe at some level.
They deserve it, right?
And so that falls underneath mindset.
And when it comes to learning, there are certain lies that we should probably address to unravel because they could hold us back.
At events, I'll do these demonstrations.
Well, I'll have like 50 people or 100 people, depending on how much time we have, just pass around a microphone and introduce themselves.
And I'll remember all their names.
And I think that's such an important skill in business because how are you going to show somebody you're going to care for their future, their finances, their property, whatever, if you don't care enough,
just to remember like them.
So it's probably number one business etiquette skill.
But if you have a limiting belief at events, people pull me aside.
Like, I know you're a memory coach.
I'm so glad you're here.
I have a horrible memory.
They'll say that to me.
And I'll say, stop.
If you fight for your limitations, you get to keep them.
If you fight for your limits, they're yours.
Your brain is this incredible supercomputer and yourself talk is a program that will run.
So if you tell yourself, I'm not good at remembering people's names.
You will not remember the name and the next person you meet because you program your supercomputer not to.
And so, you know, when we're thinking about our thoughts and these lies, one of them, I call a lie.
It's an acronym for me.
It's a limited idea entertain, L-I-E, limited idea entertain.
It might not be true that you're too old or that you're not smart enough because all behavior is belief-driven.
You've identified seven lies of learning.
And I know on today's show we're going to cover three of those that we think will be valuable
for the listener. So we'll name the lie and then you can tell us what it gets wrong and what the
true version of it. Is that cool? Yeah, that's perfect. Let's do it. Okay, awesome. So lie number one,
mistakes are failures. Yeah, I don't think that's the case. I think failure, there's no such thing
as failure. There's just failure to learn. I believe that feedback is the breakfast of superheroes,
if you will, right? You can make a mistake, but those mistakes don't have to make us. And the reality,
the truth is that failure is not the opposite of success, right? And I'm sure you guys have examples
of this. Failure is not the opposite of success. Failure is part of success, right? You fail forward.
You know, we make mistakes because it gives us feedback on how to do something better.
if we choose to learn something from it and we're not limited by that.
And so I would say failure is in mistakes is not a bad thing.
You want to be able to make it, maybe make it quick.
But learning from it is I think it's most important so you don't repeat it.
Like if you make a mistake once, sure, it's a mistake.
But if you make it twice, then it's kind of a choice, right, if we didn't learn from it the first time.
I had a basketball coach and they had that exact same philosophy.
He said, listen, if you do something wrong, either you didn't know or you didn't care.
If I've never told you that, that's on me.
You didn't know you weren't supposed to do it.
But if it's been explained and you did it again, you didn't care enough to make the adjustment.
And I feel like that ties in with what you're saying.
Yeah.
And built in that is a reminder that we have agency.
You know, we have a certain level of sovereignty.
I want to remind people that they're the pilot of their mind.
They're the pilot of their life.
They don't have to be just the passenger where things are just happening to you.
where you just have to react to like,
though this is just the economic client,
you know,
this is the climate or,
you know,
this is just the market,
right?
Because if anyone can succeed,
that means it's possible, right?
And if you're willing to,
you know,
adopt that mindset,
you're motivated and use the correct methods consistently,
then you're going to get similar results,
without a doubt.
That's really good.
We know that mistakes
don't have to be considered failures,
but we often are so afraid
of the pain that will come
from a mistake that we will treat them like failures and run away from it. I know that's not
necessarily your area of expertise, but do you have anything you can share on the power that
we give failures when we interpret them or we assign meaning to them that can be painful?
Yeah, even changing things. Like there is no failure. There's just feedback. It just changes
the conversation. You know, I remember we do an annual brain performance conference and I remember
one year we had Quincy Jones in the audience. You know, this music producer led
And I could help but pull them on stage.
I kind of without plan just spontaneously.
And I had this conversation with them.
And I wanted to ask them, you know, everyone knows that everyone else's successes, right?
And for him, it was like thriller.
And it was like, we are the world and all these things.
And but I was like, I don't want to hear about your successes and achievements.
I want to hear about, you know, your mistakes, your problems, right?
I don't want to know what problems that you face, you know, in the past.
currently. And he looked at me and he said, Jim, I don't have any problems. And I was like, wait,
we, you know, all human beings have some kind of challenge or problem. He's like, no, I don't have
problems. He said, I have puzzles. And I was like, wow, like that just changed it. Even when I said it
out loud and it just reminded myself, because a puzzle just feels different than a problem. You know,
for me, a puzzle is something that I did as a kid. It's fun. There's always a solution. And you could
look at a child or you could fast forward to more towards the end.
stages of our life. I spent a lot of time in senior centers helping them polish off their
memories. And while I'm doing it, I hear some amazing stories. And I feel like I can learn a lot,
so much wisdom. But I also hear a lot of regret. Right. And it's one of those things where,
like maybe this person, they didn't, they pursued a career because their parents expected
of them. Or they didn't pursue a relationship because what other people would think about that
relationship or whatever, right? And I'll just, as a reminder for everybody, if you're
to do this thought experiment, it's not really positive, but when we're taking our final breaths,
none of other people's opinions are really going to matter, right? None of our fears are even
going to matter. None of other people's expectations are going to matter. What's going to matter
is how we laughed and how we loved and how we learned and, you know, how we lived. So I think
beginning with the end in mind is just so very important to inform what we do today.
Right. And I think it's not even about time management. It's about priority management. The most important thing is to keep the most important thing, the most important thing, right? And hold that and tie that to your values. And then I think it gives us a little courage to take those small little steps. Rob, what about you? Any experiences with mistakes being failures and you looking at them that way?
Yeah. You know, I always say that every mistake makes me a million. And like a future.
future million, right? And I'm very for the idea of mistakes and failures because they shape who you
are. They make you the prudent investor that you will become. And I don't know if you've ever
noticed, David, but I ask this pretty often on the podcast when someone says that they messed up
big time, when they tell us like that big failure that they had in their real estate career,
I'm always like, let's be honest for a second. Would you take that back? And honestly, I'm always surprised
at the answers because a lot of people say, yeah, I kind of wish.
I didn't do that. And I'm like, but you're here today. You're here today literally because of that
mistake. And there are a lot of times in my real estate career. The first house I ever sold was my
first primary property. And I remember thinking, you know, I was going to make $40,000 selling that.
And I felt so dumb because I listened to Bigger Pockets. I wanted to get into real estate.
And I felt dumb selling this property when bigger pockets was like, yeah, you know, real
estate. And I was like, but I need the $40,000 because we're going to move to L.A. and we'll need it to survive.
And it was that $40,000 that I took, right, a mistake on the surface that I then went and purchased my
first property in Los Angeles. That's doubled in appreciation that led to me building a tiny house,
that led to me building more, that led to where I am today. So I think always in the short term,
mistakes are very painful. But in the long term, you always look a little bit, not like a
genius, but you look very smart for having made what were terrible decisions at the time, you know?
Well, no one sees that the knowledge and the experience came from the bad decisions, right?
When you're listening to social media, you're just seeing, you're seeing the muscle.
You're not seeing the workouts a lot of the time.
So that moves on to lie number two, speaking about powerful bodies.
Line number two is that knowledge is power.
What do you have to say about that, Jim?
You know, I'm going to kind of go in coaching mode right now, and I don't know who needs to hear this,
But the truth is, none of the podcasts or books or courses, none of it works unless we work it.
Right.
So I think knowledge at best has the potential to be power.
But obviously, when we apply it or we implement that knowledge, then it becomes real power.
And, you know, getting in this kind of mind shift where, you know, you listen to something and just ask yourself, like, how can I use this?
Right.
because otherwise it just stays like it becomes mental masturbation right just stays an idea and there's we don't need any more ideas right we need more implementation and so all the books you know people buy books they send on their shelf and it become shelf help and not self-help because people aren't reading it or if they're reading it if they're not reading it maybe they're reading it but they're not using it and is somebody who reads a book and doesn't use it like they're not they don't have any more results than anybody who's
illiterate who couldn't read the book in the first place, right? So I just want to, I think it's an
important lie to unravel, a limited idea that we entertained is that knowledge is not power.
It has the potential to be power when knowledge times action is a lot of power. And so I want
to encourage everybody for every hour, maybe you spend learning something on a podcast or a, you know,
a conversation or a book or wherever you're getting your training from that you spend an equal
hour putting it into play. Jim, is there a moment in your life where this really ring choose?
There's a moment that this principle or this lie was solidified, whether it be in your journey
or maybe a client that you've worked with? Yeah. I mean, even when I was first getting started,
I was 18 years old and I was accumulating a lot of knowledge and I could profess about it like
professors do and teach about it. But it never became really real until I could show people
results. I think in today's economy, it's so important. You mentioned social media.
instead of saying something, I think it's more important we show it.
Instead of promising, it's more effective if we just prove it.
And so, you know, I've made that mistake also where I'll just have the idea,
but nothing changes in my, let's say I read a book on health or something or sleep.
You know, that's been an issue for me when I was younger,
where for a long time I was only sleeping a couple hours a night because I had this
undiagnosed severe obstructive sleep apnea.
and I was only sleeping two hours a night for five straight years, which is insane, right?
I was hospitalized a number of times, you know, rushed to the emergency room just for lack of sleep.
And it wasn't because my mind was ruminating.
I had a very practiced mind.
I just couldn't stay asleep because I couldn't breathe and get oxygen.
And I would use dental devices or CPAP devices, breathing machines, and still didn't work.
And I would, you know, read a lot about it and kind of learn the mechanics.
But until I started putting some of these mechanics into play,
Like, you can't, you can read a book on pushups, but you're not going to get any kind of benefit
unless you actually do the pushups.
Sort of how I felt really recently when I was trying to get back more into a health routine.
I was watching all the videos and reading all the things and kind of slowly getting into it.
And I was like, well, there's not really any results until I actually went all in.
And it's the same thing with real estate where I kind of felt like my acquisitions were going down.
And I was like, well, how many offers have I actually made?
and the answer was 25 to 50% of what I usually do.
And I was like,
all right.
So the answer is to just actually do more of the things that I say I'm going to do.
And actually having some accountability as well.
I think that's always a hard part when it comes to applying knowledge is a lot of the times
it's a very lonely journey to do the thing that you set out to do.
But when you can bring someone else to sort of tow that line with you and keep you accountable,
I feel like that's when I really start seeing a lot of actual progress.
in any of my journey, specifically in the air being, like in the real estate side of things where
I complain to my partner's like, well, how many times have you done this? I'm like, well, not a lot
when you make me say it out loud. And so it really does come down to actually taking action.
Otherwise, what's the point of storing it all in your head? Yeah. No, I just think if you consistently
act, right, then your results will speak for itself. And it would do the talking for us. It's
definitely better well done than well said. This lie in the world of real estate investing is probably
the most prominent of all of them. Because in our space, people can trick themselves into thinking
they're taking action by listening to podcasts, by paying for courses, by reading books. You get all this
knowledge in your head. I know more about doing a push-up than anyone that's ever lived. And then
someone says, how many push-ups are you doing? And you're like, I don't have time to do push-ups.
I'm reading about push-up theory all the time, right? You can get people that don't read a book ever,
and they just do push-ups a lot. And even if they're not doing it as well as a person that reads about it,
they're going to be in much better shape. And I'm glad you're calling this out because knowledge is
power something you hear everybody say all the time. And it's said in the way of, well, if people knew
better, they would do better. No, not all the time. I think most people know sugar and carbs are bad.
Okay. And it's really hard to not eat sugar and carbs. It's like this, people know exercise and
fitness is important, but we don't all do it. People know when it comes to investing, you're going
to have to get out there and make some mistakes and learn, but we don't want to do it. And that kind of
opens the door for lie number three. Now, we briefly,
discussed this earlier and that is that genius is born as opposed to like you were saying when we
first started the conversation. It's something that can be learned and there's an actual system
to what people are doing. And I will admit that some people are born with a proclivity to picking
it up faster, but there's still something that they're doing that can be copied. Do you have any
examples of people that maybe you've coached or people that you've seen in the space that have thought
that they couldn't do something, realize there was a methodology to
success and have turned it around yeah i mean i had a recent example we have a learning center here in
uh westchester new york and one of one of our clients was really nervous because they are very
introverted and not just introverted but they're almost painfully shy and they are in the space and
they in in real estate and they want they know that if they had a better memory that they could be
more effective right people would would have more confidence in them they would feel more heard right because
how you're going to share, how are you going to be able to show you care if you don't care
enough just to remember the things that they are important to them, right? And one of the things
was he was going to this networking function, a conference with like a mastermind. And he was really
nervous because he also is, he says that he's really bad at remembering people's names, right?
And it was interesting because we went through some training, gave him a couple of tips.
And, you know, one of the things is like, and I'm sure everybody here would like to be
better remembering names, right? Because I think it's a number of,
one business, etiquette, networking skill.
But even something simple, like let's say somebody listening right now, I'm talking to you.
You have trouble remembering people's names.
But let's say David and Rob have a suitcase.
Let's say, have a million dollars cash for you, tax free.
If you just remember the name of the next stranger you meet, who's going to remember that person's name to take home that million?
Everybody, right?
So as a coach, I have to call people on their BS, their belief systems, right?
It had nothing to do with your capability or your potential.
It had everything to do with whether you're motivated or not.
And I think something simple.
So we went through these exercises and visualization exercises, simple things.
Like turn the person's name into a picture right after you have like a reason to remember their name.
You know, David, for me, I use a slingshot, right?
And so like imagine meeting David here and you take a slingshot.
And a slingshot, by the way, for David and Goliath, right?
So that helps me kind of sink it in.
And then I would just like, you know, pop right there on his great shirt.
And I would remember that.
And if you're watching this on video, you'll see the shirt that he's wearing or some of his facial hair.
And, you know, later on, you say goodbye to that person.
And you just remember, hey, this person has that shirt or the facial hair.
And what did I do?
I said, Shinghot, what's his name, David, right?
You know, for Rob, I could, you know, I could rob, Rob.
right i can imagine doing that's a good one jim and and one of the things what is if it makes you laugh
that's why we remember so many times we forget something because we just hear it right but if you
could see it and then it makes it you have you feel something because of it you're more likely
to remember it but coming back to to this you when we're when we're thinking about the mistakes
that we make or genius is born i really think genius is built if someone is extraordinary certainly
they could have certain talents and certain charisma um but usually
it's forged through deep work through sacrifice right all the stuff you don't see on instagram all those
workouts those late nights where you have to feed your business until your business feeds you back right
and so um you know i think we make these choices there's a quote in my book limitless expanded where it says
life is the letter c between b and d life is c between b and d and b stands for birth d stands for death
life C in the middle, choice.
You know, our lives are the sum total of all the choices we made up to this point.
And I truly believe that these difficult times, they could distract you, these difficult times
they could diminish you, or these difficult times they could develop you.
We ultimately decide.
And every day we have a chance because every day we can make a new choice.
So help me understand here.
With the idea of knowledge is power, the idea is, you know, you don't actually know it
until you actually go out and apply it.
Yeah.
But then to reach that next level of genius, it's not only applying it, but it's applying it
with consistency and tenacity to the point where you actually are really like a genius at
that thing.
Is that sort of the difference between the two?
Yeah, I think consistency compounds.
But I also think if we're persistent, we could achieve it, right?
But if we're consistent, we get to keep it.
And so many people could be persistent and go to the gym and get that body, but they're not
going to keep it unless like there's a difference between something being attainable and sustainable,
right, in business, in our body, and same with our brain. So I think consistency trumps everything
and consistency compounds, right? You started at this point, you had your $40,000 and little by
little, a little became a lot. So many people could just give up and make, you know, let that mistake
make them and then they fall, right? And again, I don't know a strong person that had an easy
passed. And I think these mistakes, when you get up, you build that strength every single time.
And I'm not saying it's easy, but it's pretty straightforward, right?
Yeah, I couldn't agree more because I, like, I was telling David always makes fun of me for it.
But like, I'm still relatively involved in my business more than I should be.
I'm a big believer that you should always be a student of your craft. And like, I get all of the
messages from Airbnb to my phone. I have a property manager that actually manages those.
but I like to get them because I like to sort of still be in the weeds.
But like the other day on a podcast, I got like a phone call and I was like, and I got it and I checked the
voicemail. And Dave was like, what are you doing? I was like, it could be an Airbnb guest. He's like,
you don't need to do that. I'm like, I know, but I don't, I think it's very easy to pull yourself out of
the business so much to where you get a little rusty and to stay sharp. I think consistency is how
you stay sharp in really any vertical that you do, but specifically real estate. I feel like I'm
always making my life a little harder than it should be, mostly because I'd just like to know,
do I still got it or have I kept it? Yeah, and we make decisions all the time. And the question is,
are we remember with those mistakes and the power of feedback is, the feedback, are we getting
closer to our goals, or are we stalling or actually going the opposite direction? There are two kinds
of real estate investors, those who have reviewed their insurance and those who think that they have.
Most don't realize their coverage wasn't built for how they actually invest. Vacancy periods, rehab,
short-term rentals or LLC held properties.
These gaps surface only when filing claims.
That's why investors work with NREG.
They specialize exclusively in real estate investors,
understanding portfolios, risk at scale, and cash flow protection.
One claim can erase years of returns.
If you own a rental property, don't assume you're covered.
Have NREG review your insurance with someone who gets investing at NRE.com
slash BP pod.
That's N-R-E-I-G.com slash B-P pod.
For decades, real estate has been a cornerstone of the world's largest portfolio.
But it's also historically been sort of complex, time-consuming, and expensive.
But imagine if real estate investing was suddenly easy.
All the benefits of owning real, tangible assets without the complexity and expense.
That's the power of the Funrise flagship fund.
Now you can invest in a $1.1 billion portfolio of real estate, starting with as little as $10.
The portfolio features 4,700 single-family rental homes spread across the booming sunbelt.
They also have 3.3 million square feet of highly sought after industrial facilities, thanks to the e-commerce wave.
The flagship fund is one of the largest of its kind. It's well diversified, and it's managed by a team of professionals.
And it's now available to you. Visit fundrise.com slash BP Market to explore the fund's full portfolio,
check out historical returns, and start investing in just minutes.
Carefully consider the investment objectives, risks, charges, and expenses of the Fundrise Flagship fund before investing.
This and other information can be found in the fund's prospectus at fundrise.com slash flagship.
This is a paid advertisement.
People love to call real estate passive income, which is interesting because most of the investors I know are very busy.
Busy finding deals, busy managing teams, busy worrying they pick the wrong market.
Rent to retirement flips that model.
They help investors buy turnkey new construction homes, often 10% below market value in top rental markets across the country.
Their local teams handle the build, the property management, and the details, so you don't have to.
In some cases, investors even receive 50 to 75% of their down payment back at closing,
and there are interest rates as low as 3.75%.
They've been trusted partners with BiggerPockets for over a decade,
and if you want to learn more, visit BiggerPockets.com slash retirement.
Tax season reminder for all the real estate investors listening.
If you own rental properties, short-term rentals, commercial buildings,
basically anything that's not your primary residence,
you need to know about cost segregation.
It's an IRS compliance strategy that lets you accelerate depreciation on your properties,
which means you're paying less in taxes this year and keeping more cash in your pocket for your next deal.
Cost Segregation Guys is the go-to firm, having done over 12,000 of these studies,
with $500 million in total depreciation identified.
Head to Costsegregationguise.com slash BP to get a free proposal and see your potential tax savings.
New Year, Clean Slate, and maybe a vacancy that needs to be a vacancy that needs to be.
to get filled fast, that's where a veil comes in.
With Avail, rental listings can be published to 24 top rental sites with one click, completely free.
That includes places renters are already searching, like Realtor.com, Apartments.com,
Redfin, and more. No copying and pasting. No juggling multiple platforms, just one listing that shows up
everywhere. If getting rentals organized and filled fast is on the list this year, start with Avail.
Sign up for free at Avail.co.co.
That's A-V-A-I-L-C-O-Bigger Pockets.
Earlier you mentioned the three components of a limitless mindset.
I'm going to ask you in a second, we're going to recap those.
But before we do, I wanted to get your take on an issue I'm having in my life.
Within the different companies I have and in the industry I operate in, I've got real estate
sales teams, mortgage companies, I own investment properties.
I have noticed a trend of human beings that are good communicators.
They're very articulate.
Reading something somebody smart figured out, regurgitating the information to the masses,
they appear very intelligent because they're talking about something that other people,
it just goes over their head, they don't understand.
They get credit for being smart.
But when the ship that they're captaining actually ends up in choppy seas,
they have no idea what to do.
And it's become a bit of a pet peeve that it's very easy to portray yourself as knowledgeable
because you've taken in all the information and you know how to repeat what someone else said.
And it's different than when you have what I call experiential knowledge,
I refer to as like kinetic knowledge if it's like a martial art or something.
But I don't know, Jim, it's very different in my mind, the person that actually understands the concept and the fundamentals and knows how to navigate through them versus I heard someone else say this and I'm repeating it and I sound smart.
Do you have any advice on how to pay attention to where you're getting information from or maybe some of the people listening to this have tricked themselves into thinking that they have more knowledge than they really do because they've heard other people say that smart things?
Yeah, I mean, I subscribe to you could trust, but you could also verify.
And it's one of those things where I believe the life we live are the lessons that we teach.
And when somebody's congruent in terms of not only their mindset, but they're consistently motivated.
They're using real methods that produce real results that you can't fake it.
It's tough in social media world where everyone's comparing themselves to everybody else.
And, you know, the grass is greener, frankly, where you water it.
And it's greener sometimes in social media land, you know, you follow these real estate
influencers, whatever, right?
Sometimes it's greener because of, you know, there's a lot of artificial turf out there.
You know, there are a lot of people like that really understand optics.
And I mean, I always look for competence and character for me, for me.
It's a level of, you know, the people I do business with and, you know, we have different
visions of our company.
And you have a global organization, students and clients in every country in the world.
So we have a lot of data.
but I want people who are world class of what they do because I feel like we are world class of what we do.
But then also somebody could be competent and not have character and I don't really want to do business with that person.
Or somebody can have a lot of character and not be competent and capable.
And that doesn't really help either as well.
But yeah, absolutely.
I love your analogy of artificial turf.
That's going down on the Mount Rush.
That's good.
Or it's greener on the other side.
It's greener on the other side, not only because there's artificial turf, maybe it's the filter they're using, you know.
and they can look, you know, greener.
So to that effect, Rob, you are doing it the right way by keeping your finger on the pulse.
I'm actually, I'm changing my tune a little bit.
I do think that it's wiser that you know what's going on.
I just get irritated when you're the guy that has to take the call to put the spa on the deck
when we're in the middle of recording the podcast.
But other than that, I think you do a very good job of actually watering that grass.
That one was, they were craning it on and I couldn't, I couldn't not answer.
It's expensive.
It's like $400 a day for a crane.
And it worked out. It's a great spa.
Jim, you're a master of frameworks.
And earlier, you mentioned the three components of a limitless mindset, our mindset, motivation, and methods with the benefit or the bonus of momentum.
How do these components sort of work together in a synergistic way to create the superpower?
Yeah, this is everything.
And if people understand this framework, I think that they have a lens to look at the world.
So let's say you have a goal, right?
And you want to get there as fast as you can.
There are three components.
Going back to that where you feel like you're stuck in that box, the three-dimensional,
the three forces that contain that box are the same three forces that will liberate you
out of that box and give you the freedom that you desire and that you deserve.
And those three dimensions are the three M's, the mindset, and mindset, and motivation, and methods.
And so what I mean by that is, let's say you have a limitless mindset.
Your mindset or your set of assumptions and attitudes you have about something, right?
It could be about money or real estate or how difficult something is.
Often the problem is not the problem.
Often the problem is our perception or assumptions or attitudes about the problem itself, right?
That's usually the problem.
And so with mindset, you have to unravel it because people don't believe it's possible or they're capable or they deserve it.
They're still going to be stuck in that box.
Right.
And so that's why we go through all the lies that could be holding them back.
We go through their self-talk.
Some people, like in my case, for memory, people say, I don't have a great memory.
They could just adjust it and say, like, I don't have great memory yet, right?
Something like a little like that opens up the possibility.
Now, somebody could have like they work on their mindset and they believe it's possible,
they have that growth mindset.
It's not fixed and still be stuck because they're not motivated.
They don't have the second key.
They're not motivated to get out of that box, right?
They're not motivated to get out of that financial situation or, you know, whatever,
where their health situation or the relationship situation.
And for me, just for everyone listening, motivation, I believe is not something you have.
It's something you do.
And to attest to that,
There are three things that will give you greater motivation.
And this is the formula.
Motivation, limitless motivation, whether you want to motivate yourself or motivate someone
to buy something or motivate your kids to clean their room or floss their teeth, you need
P times E times S3.
So we'll deconstruct this.
P is purpose, right?
People will not buy or sell or go to the gym if they don't feel the reason, right?
Because we are not logical, right?
People don't biologically, they buy what?
They buy emotionally, right?
And they justify logically.
Because we are not logical.
We are biological.
You think about the dopamine and the oxytocin and the serotonin endorphins, we're
this chemical feeling suit.
You're talking about what controls our decision making?
Very much so is how you feel.
Because when you're in a certain state, you're going to make different decisions.
If you're coming from a state of fear or scarcity, you're not going to see that opportunity
and you're not going to act on it, right?
So we have to all learning like life is state dependent.
So motivation is purpose and you need to feel that purpose because everyone knows intellectually why they should, you know, follow your advice, right?
But if they're not, checking with the first letter, the P, do they have a reason?
And do they feel that reason?
Not intellectually know it, but feel it in, you know, in their body.
But somebody could have limitless purpose and still not act because they need the E, P times E times S3.
The E is energy.
You know, I realize that if people are struggling with mental fatigue, brain fog,
lack of sleep, right? Like I mentioned I'm a 10-month-old and, you know, we are not sleeping very
well in this house. And I don't feel very motivated to work out because I'm exhausted, right?
And so, you know, optimize. If somebody eats a big processed meal, they're not going to feel like
they want to be able to read, study, present, go on those sales calls, whatever, right? Those showings
because they're tired. So energy has to be optimized. And that's why in the book we talk about 10
keys for literally limitless energy. And then finally, somebody could have a limitless purpose
and energy and still not be motivated that procrastinate because they need S3 and three S's, small,
simple steps. And what I mean by that is, let's just say, like exercise is great for your brain.
You create brain-derived neurotropic factors, BDNF, which is like fertilizer for your brain,
it helps lower systemic inflammation, helps with glucose sensitivity, all these great benefits, right?
But if you're not exercising on a regular, then, you know, maybe it's too big.
Like some people set goals and then those are too big and a confused mind won't do anything.
Confused mind won't buy, right?
You know, they won't sell and confused mine.
It will be disenabled.
Right.
And so how do you overcome that kind of like that static where you don't have momentum is a small, simple step?
And so maybe it's not going to the gym.
That's too big for somebody who doesn't exercise.
maybe a small, simple step, put on your sneakers, right?
Maybe somebody, you know, you read to succeed.
People have seen photos of me with Elon or Oprah or whoever.
You know, people ask how we bonded.
We connected over books because you read to succeed.
You can learn from other people's mistakes because there's two ways to learn
to something, right, either through your own personal experience or from other people's
experience.
And I'd rather, you know, we hear about other people's money, right, OPM.
But what about other people's like experiences, right?
And so if someone has decades of experience, right, and so if someone has decades of
experience like you guys do and if you happen to put it into a book and someone could read that book in a few days
then they can download decades into days they still need to do the work but at least they have some
ideas some insights some instructions some models and so on so small simple step is so important like i just
did i have we have a podcast and all on brain performance and we had uh one of the top biological
dentists there and we're talking about oral hygiene is good for your you know brain health and talk about
flossing right and if if you can't get your kids to floss their teeth small
simple step, get them to floss one tooth.
There's nobody's going to stop there, right?
I was talking about leaders or readers.
If you want to read 30 minutes a day and become an expert in your space and study everything
that the latest and greatest in your industry and you're not doing it, maybe a small simple
step, open the book, right?
Read one line.
And so how you find your small simple step and people can write this down, this is a question
I ask myself 10, 20 times a day.
Whenever I feel stalled or confused, that's the dilemma, I have to make a decision, I always
ask myself this question verbatim what is the tiniest action i could take right now that will be give me
progress towards this goal where i can't fail what is the tiniest action i could take now right operative now
you know that will give me progress towards this goal right not away from this goal where i can't fail
and that's where you're going to get your s3 your small simple steps and then that person's going to be
motivated if they have purpose they have energy and they have a small simple step to take little by
little little becomes a lot because inch by inch is this inch yard by yard it's just it's just way too hard
i love it yeah i mean this is something that very similar to what you and brandon said for so many
years the the min's the minimum important next step i think is that is that what it stood for in it
most important next step most important next step um where you know you break it down into a hundred
steps and you know when you kind of do it that way it's really anything is kind of easy yeah and if
you want to motivate someone else to buy maybe they have purpose they feel right you know
And maybe they have energy or resources.
Money could be a form of energy.
But maybe they're not buying because you're not making it simple enough for them to do.
Give them small little steps so they have consistency and commitment.
Yeah, this is something I break down really quite a bit for so many people.
And they're like, how do I get started?
I don't know where to get started.
And I'm like, all right, well, what do you want to do?
I want to buy a house.
Okay.
Go to zillow.com.
Type in a city that you're interested in.
Call a realtor.
Get pre-approved with a lender.
Make an offer.
get declined, make another offer.
You know, and so it's like when you really do break it down into even more minute steps
than that, it's kind of like, oh, okay, I guess buying a house is really just like a series of
very tiny steps to what seems like a giant significant goal, but everything is relatively
easy when you break it down in small snackable sizes.
Yeah, and one step in another direction, remember, it completely changes your destination,
right?
And so getting people to act on those small, simple steps, especially us, right, to overcome
that fear and maybe it's not a big mistake maybe it's a small little step that we can't fail at you know
and then so that's the second part the m so you have mindset and motivation and somebody but someone
still could be stuck in that box because they have the right they maybe they have the limitless
mindset they deserve it it's possible for them and they're motivated to get out of that box but they
could still be stuck in that box because they need the third m which are the right methods because
some people are just using antiquated methods right of marketing or or sales
or negotiation or, you know, legal.
Like, you have to upgrade your knowledge, skills, and abilities constantly to be able to,
to be able to create that kind of results.
And so I think a lot of times, especially in today's economy and environment, right,
with everything going on in the world, sometimes we downgrade our dreams and our goals
to meet the current situation.
And I think it's a big mistake.
You know, what we're doing with with clients is say, hey, don't downgrade your dreams
to meet the current situation.
Instead, upgrade your mindset, your mindset.
your motivation and the methods you're using to be able to meet those bold, audacious goals.
That's fantastic.
I love it.
Jim, you already had won over before we did this, but if I hadn't have been one over,
you would have won me over now.
I just wish we were recording all of this.
You're like the Cinderella story for intelligence where you just got your butt kicked early
on in life.
And then in order to climb out of that hole, you figured out how to put things into
frameworks or models.
And now you're this gem of a human being that gets.
to share this information with everybody else who thankfully doesn't have to go through all the
pain that you did to get to this point. So thank you for your contribution to humanity as well as
your contribution to our podcast. If people want to know more about you and find the book,
where can they go? I have a gift for everybody. This is something that we've used with our one-on-one
clients for years and it doesn't cost anything. There's nothing to buy. But there's a big chapter
in the book that I want to give people and it's all about brain types. And I realize like,
you know how there's personalized medicine based on your genetic?
and there's personalized nutrition based on your microbiome,
we've created a way to personalize learning based on your brain type.
And I found out that there are about four specific brain types.
And I use animals as the metaphor.
And once you know your brain animal, you know,
because we'll give you instruction on how to read faster,
how to remember names,
how to remember facts, client information, product information,
all of that based on your brain animal.
And people could take that quiz in four minutes.
It's so simple.
You can have your team do it also.
It is have your family do it.
It will open your mind.
And it's at my brainanimal.com.
Mybrainanimal.com.
The book you can find anywhere.
Limitless book is probably the best place because we donate 100% of the proceeds to charity to build schools for children in need.
We built schools with the previous book in Ghana, Guatemala, Kenya, also Alzheimer's research and in memory of my grandmother.
So we got limitless book.com.
You can get your copy there.
and we're going to gift you 13 days lessons on how to read faster, improve your memory.
It's a quick start program that we sell for hundreds of dollars, way more than the investment
of this book.
And you get a limitousbook.com.
And I would challenge everyone to take a screenshot wherever you're consuming this right now
and tag us all on social media.
And what I'm going to challenge you to do is share your brain animal from the quiz or share
one thing you're going to do for a better brain.
Maybe you're going to prioritize your sleep.
maybe you're going to just eat a little bit better today.
Maybe you're going to do some exercise day.
Maybe you're going to read something today, right?
Study.
But one thing, and because you tag us all in it, we'll get to see it, obviously.
And I'll repost some of my favorites.
And I'll actually gift three or four copies of the book out to your community just as a thank
you for having me on your show.
Cool.
Awesome.
Well, thank you for that.
That's amazing.
That's awesome.
And the book comes out today.
As we're listening to this podcast, the book is out now.
So there you go, folks.
You're part of an exclusive community of people that heard about this the day that it comes out.
So go pick up your copy at Limitless book.
And do you have any social media or anywhere where people can follow you, Jim?
Yeah, not hard to find.
Jim, quick.
You just have to spell it right.
K-W-I-K on all social media.
It's my real last name.
I didn't change it to do this line of work.
It's my father's name.
My grandfather's name.
Jim, so quick.
They call them Nestle on the streets.
Oh, like Nestle.
I love it.
Yeah, Nestle quick.
All right, Rob, where can people find it?
out more about you. You can find me over on YouTube and Instagram on Rob Belt, R-O-B-U-I-L-T.
And I teach you real estate and short from rentals and the pursuit of life, liberty, and happiness
and all that stuff. But what are you?
You can find me at David Green24.com where you won't find any of those things, but you will
figure out ways you can help people build their wealth as well as David Green 24. Jim, thanks again
for being on, man. Best to look to you at the book. Thanks for writing it and keep them coming.
All right, that was our interview with Brain Coach Jim Quick. Rob, do you feel smarter yet?
Absolutely. I leveled up listening to that guy, man. He's so smart and brought up a lot of really
amazing concepts that honestly I feel really parallel. A lot of the things you outline in pillars
of wealth. What do you think? Yeah, that is a great point there. I talk a lot about in pillars,
especially in the second pillar, which is the art of making more money, being better at your job
and bringing more value. It's all about personal development. That's what leads to your ability.
to make more money. It is growing yourself. And Jim talked about that exact same concept. How do you get
smarter? How do you remember things better? How do you increase your confidence? How do you build
momentum? Those are literally chapters in the book. How to build momentum. Confidence has to do with
building skills. And I talked about that as well as taking a more responsibility. So as he was talking,
I was thinking, oh, this is all the stuff that's in the book. So make sure you get a copy of Limitless
Jim's new book and then get a copy of Pillars of Wealth and pair them together like Cabernet.
and red meat.
Now I'm hungry for steak and wine,
but I'm going to read this book,
and I think the thing I took away from this is consistency
is how you keep the skills that you've done.
I'm going to go look at my business and see where I've been inconsistent
because most of the time when there's a problem in my business,
it's because I've been horribly inconsistent with my processes and systems.
So that's what I took away from today.
And if you like today's show and you want to hear more from Mr. Jim quick,
check out BiggerPock's podcast, episode number 4, 43.
hear our first interview with him. And Jim will be on the rookie podcast episode 344 as well.
Thanks again. We love you guys. We appreciate your patronage. If you've got a minute, check
on another bigger pockets video. And if you don't, we will see you next week.
This is David Green for Rob. Doesn't quite understand urban references Abasolo. Signing off.
Do you ever notice how every passive investment somehow turns into a very active lifestyle,
active spreadsheets, active phone calls, active stress.
Here's a better question.
What if you could buy brand new construction homes, 10% below market value, and the best
markets across the country, without making real estate your second job?
That's exactly what rent-to-retirement does.
They're a full-service, turnkey investment company handling everything for you.
In some cases, investors get 50 to 75% of our down payment back at closing, plus interest
rates as low as 3.75%.
They've partnered with bigger pockets for over a decade.
helping thousands invest smarter.
If you want to do the same, visit biggerpockets.com
slash retirement to learn more.
