Time stamped show notes:
[00:09] Introduction to Diego Corzo – passive income creator
[00:45] Goal is to achieve financial freedom by age 27
[2:19] How he reached 11 properties generating cash flow every month
[3:28] His initial goal was to buy one property a year and by age 35 have 10 properties
[3:40] With the help of his mentor and a mastermind group he's been able to achieve success faster
[4:30] When you go and do something you should do it for equity or knowledge
[5:24] Look at deals as much as possible. Metric: 1% rule [if you buy house for $100k, rent should be at least $1k
[6:55] Got started through house hacking [lived in master bedroom, rented out the other rooms] → mortgage paid by roommates
[7:35] Owner occupant loans
[9:51] You don't need the resources on hand if you're resourceful.
[11:31] When he decided to quit it was a calculated risk because the properties were covering his expenses
[12:02] If your bills are paid you can make more abundant mind decisions
[13:27] Came as a child. Parents overstayed visas and became undocumented. He couldn't work so had to create a company. Buying a house was harder for him.
[17:32] He learned what financial freedom meant. Had to find a group outside of his social circle.
[20:10] How he met his agent – He offered to help with technology. He then asked him if he could drive him around to see what being an agent would be like.
[21:05] Decided to partner up with him a couple of years later because of the value he provided him before.
[21:59] Diego leverages his mentor's connections. His mentor leverages Diego's time.
[24:42] Don't compare your chapter one to someone else's chapter ten
[30:08] He would like to leave the world knowing that he helped millennials become financially free
[31:40] It starts with you.
[42:03] When making money is not what's important, but helping people, you make the most important.
[42:20] Doing well and doing good is not mutually exclusive
Three key points:
- When you do something you should do it for equity or knowledge
- Don't compare your chapter one to someone else's chapter ten
- Don't compare your chapter one to someone else's chapter ten
Resources mentioned:
Adam Carroll – www.adamspeaks.com/