The Investor Mindset - Name Your Number Show [$]

NYN E19: Wealth Building Strategies: From Bankrupt to Financial Freedom with Devin Burr

Episode Summary

Join host Steven Pesavento in this episode as he interviews real estate expert Devin Burr, who shares his personal journey from financial struggles to achieving financial freedom. Devin reveals creative strategies for investing in real estate and growing wealth quickly. Learn from his experiences, including overcoming scarcity mindset, transitioning from a job to entrepreneurship, and becoming the bank to multiply money. Gain insights into building passive income and achieving job optional status.

Episode Notes

Key Takeaways

  1. Overcoming scarcity mindset: Devin shares how he shifted his mindset from believing money was scarce to realizing that it can be generated through hard work and serving more people.
  2. Transitioning from a job to entrepreneurship: Devin explains his decision to leave his job in the mortgage industry and pursue real estate investing as a means to build wealth for himself and his family.
  3. The power of holding properties: Discover the BR method (Buy, Renovate, Rent, Refinance, Repeat) and how Devin used it to build wealth by owning properties instead of selling them, allowing for tax advantages and long-term financial growth.
  4. Becoming the bank: Learn how Devin leveraged the concept of being the bank to multiply his money by being both the investor and the lender in real estate deals, thereby creating income streams in two places simultaneously.
  5. Sharing the knowledge: Devin's passion for helping others achieve financial freedom led him to share his strategies with friends, family, and even strangers, despite initial skepticism, emphasizing the transformative power of these wealth-building strategies.

Resources Mentioned

Interested in connecting with other like-minded individuals? Then join our VonFinch Private Capital Network.  Learn more at http://www.vonfinch.com/invest

About our Guest:

Devin Burr started his journey in the mortgage and refinance business before transitioning full-time into real estate. He experienced financial struggles due to childhood influences and a scarcity mindset. However, Devin's determination and drive led him to excel in sales, earning more money and realizing that financial abundance was within reach. After finding success in wholesaling and flipping houses, he discovered the power of holding properties and becoming the bank, enabling him to achieve financial freedom and job optional status. Devin now shares his knowledge and strategies to help others transform their financial lives.


 

CTAs

Are you looking for High-Performance Business & Mindset Coaching?  Schedule a call now and see how we can be of service to you. http://www.investormindset.com/discover

Establish your relationship with VonFinch now for exclusive invite-only opportunities. Schedule an introductory call now at http://www.vonfinch.com/call.

Download your free strategy guide, The Passive Investor Playbook at http://www.vonfinch.com/playbook

Are you looking for High-Performance Business & Mindset Coaching?  Schedule a call now and see how we can be of service to you. http://www.investormindset.com/discover

Investing to Hedge Against Inflation - Free online training at

 https://investormindset.com/start

Episode Transcription

00;00;38;24 - 00;00;55;20

Steven Pesavento

There was a lot of challenges that led you towards getting to that point of now being in a place where you have the option, you have the ability to decide what you want to do and obviously you love the work you're doing and you pour a lot into it, but you also have the ability to go travel and take trips.

00;00;55;29 - 00;01;21;26

Steven Pesavento

And you're in that point of really being job optional, which I think is such a powerful place to be. Welcome to the name your Numbers show presented by the Investor Mindset. We're on a mission to help create financial independence for over a million investors. And when you name your number, the number that you want to earn passively every single month, that creates your ultimate quality of life, then I believe you've achieved real freedom.

00;01;22;08 - 00;01;27;03

Steven Pesavento

And in today's episode, I'm excited. I've got Devin Burr in the studio today. How you doing today, Devin?

00;01;27;07 - 00;01;37;14

Devin Burr

I am great, man. I appreciate you having me and just excited to serve and see how we can we can touch people around the world and create positive impact. So thank you so much.

00;01;37;21 - 00;02;04;10

Steven Pesavento

I love it and I'm grateful to have you here. And for those of you who don't know Mr. Burr, as we know, Devin started in the mortgage and refinance business back in 2005, and he's been full time in real estate since 2019. He's got some really creative strategies about how to use your money to not only invest in real estate, but also some creative strategies to allow you to be able to grow your wealth even faster.

00;02;04;10 - 00;02;22;26

Steven Pesavento

So I'm excited to dive into some of those. But before we get into the meet, some of the strategies you're using to reach independence, I'd love to start off on a personal note by looking back on your life. What events are influences from your childhood shaped who you are today, and how has that impacted or influenced your money journey?

00;02;23;15 - 00;02;49;10

Devin Burr

I would say probably just like all the struggles I had as a kid, my parents got divorced when I was three years old. I don't really remember it. They got remarried to try to make it work for me and my brother. I have an older brother and then they got divorced again when I was five. So I remember just hearing them fight all the time when I was really, really young.

00;02;50;05 - 00;03;11;27

Devin Burr

And then they got divorced and I would go from my mom's house to my dad's house every Friday. So I'd spend a week of mom Friday to Friday, spend a week with dad. And what that did is that gave me like a lot of insight into two different parenting styles. But both of them were they both struggled. Like my mom was a nail technician.

00;03;12;02 - 00;03;37;15

Devin Burr

She didn't make a lot of money. I think the most she's ever made is like 20, 30,000 a year. My dad was a heating and air conditioning technician. Most he's ever made is 80,000, which was this last year, so didn't come from a lot of money. I grew up hearing things like, you know, money doesn't grow on trees like they come behind me and like turn lights off when I left rooms.

00;03;38;01 - 00;04;03;29

Devin Burr

And I just always had this mindset that like, money is scarce and when I started to, like, come into my own as an adult, I realized that that's not the case. Like, I started off in sales that was like my first real job as a telemarketer and I was 16, 17 years old, working for MCI, selling long distance.

00;04;04;04 - 00;04;26;15

Devin Burr

So it kind of shows you my age a little bit because that was before everyone had cell phones that have long distance. But I used to sell long distance working part time, and I worked 5 hours a night in high school making like 1700 bucks a week. So I'm thinking I'm making more than my parents as a high school kid working part time.

00;04;26;15 - 00;04;42;13

Devin Burr

Like, money's not scarce. It's just how hard are you willing to work? And you have to be able to serve more people. So I really learned early on that, like, you can shape your life financially. You just have to know how and then you just have to go do it.

00;04;42;18 - 00;05;03;19

Steven Pesavento

Yeah, it's so true. And it's so interesting because when we grow up with those beliefs, we grow up with the beliefs of scarcity around money, or we see those actions and those behaviors as turning off lights, talking about the lack of money, fighting about money, we start to associate that, Oh, well, it's not really available to us. Like maybe we're not those people who have a lot of it.

00;05;03;19 - 00;05;22;22

Steven Pesavento

And so we just start thinking, Hey, well, you know, we have to we have to really be tight with it. And from that perspective, it can really limit us what was that? What was the turning point or that first moment that you realized, well, money isn't as scarce as I thought it was. Maybe there is another way of thinking about money.

00;05;23;00 - 00;05;48;02

Devin Burr

I think it was with that first sales job when I just started, I started really excelling at sales, like I said, making like 1700 bucks a week as a high school kid. But then I started realizing like, I'm making this good money. I just started spending it like it was going out of style, right? I would buy new rims for my car, I would get a new system, I would go out.

00;05;48;02 - 00;06;13;07

Devin Burr

I actually had a fake I.D. when I was in high school. My my supervisor at MCI, Frank Bariga never forget him. He actually looked a lot like me, but he was 23, so he left his I.D. at work one day on his desk. And I was like, Ooh. So I kind of swiped his I.D. and yeah, that was my fake I.D. So I used to go to clubs.

00;06;13;07 - 00;06;37;19

Devin Burr

I would get bottle service, and literally I was spending all my money, so I never had anything to show for it. And that that literally went on for my entire twenties, Like, I would make decent money, spend all of it. And then at 31, I found myself bankrupt. I had $300 to my name, couldn't afford the apartment I was living in with my daughter.

00;06;38;17 - 00;07;07;12

Devin Burr

I was a full time singled out at the time and I'm about to be homeless because I just I fell on hard times, you know? And at that point, that's when I really decided, like, okay, I can make more money. I've done it in the past, but I need to stop being stupid with money. Like if I can make money but then actually have the money work for me instead of me always having to work for it, that's when I can actually start getting ahead.

00;07;07;12 - 00;07;10;07

Steven Pesavento

So, you know, tell me, are you financially free today?

00;07;10;09 - 00;07;39;21

Devin Burr

I am, which is pretty cool. I mean, we've been traveling a bunch and the fact that I'm able to do that, I don't have to work anymore passive income, we're up to about 30,000 a month, so my bills aren't anywhere close to that. So I'm not like the wealthiest and richest person by any means, but I don't have to work anymore, which is just such a cool feeling that I can just kind of do whatever I want, when I want with who I want.

00;07;40;12 - 00;07;43;23

Devin Burr

And if I want to work, then I can make more money. But I don't have to.

00;07;44;24 - 00;08;07;11

Steven Pesavento

Yeah, I think it's such an important place to to just underline is like there is a lot of challenges that led you towards getting to that point of now being in a place where you have the option, you have the ability to decide what you want to do and obviously you love the work you're doing and you pour a lot into it, but you also have the ability to go travel and take trips.

00;08;07;20 - 00;08;20;02

Steven Pesavento

And you're in that point of really being job optional, which I think is such a powerful place to be. What was the strategies that you used to get to that point where you could start having that type of income coming in?

00;08;22;08 - 00;08;57;02

Devin Burr

Well, it started off really with with leaving my job. So I was doing mortgages and I left that in 2019 to just become my own boss. I wanted to really have my effort build wealth for me and my family instead of that effort, build wealth for the company I was working for. So when I left my job October of 2019, I started doing wholesaling and flipping houses and I did pretty well.

00;08;57;14 - 00;09;35;14

Devin Burr

Quickly. By March of 2020, I had done eight real estate deals, zero marketing. I didn't spend $1. I would just go to local meetups and I would scour Instagram to find out where people were going to be at, and I would just go introduce myself. I would just go make friends with people. And by doing that, I was brought in on deals and yeah, I was doing well, but I started realizing that if you wholesale a deal, if you flip a house and you're making capital gains income, though, you're still taxed pretty high in taxes suck.

00;09;35;16 - 00;09;56;24

Devin Burr

I hate taxes to this day. I can't stand them, right? I think I'm like every other American. So I started thinking like, well, how can I pay less taxes? And I started researching and if you hold on to properties, if you own them, you can start writing off depreciation. You have different write offs you can take so you can lower your taxable income.

00;09;57;08 - 00;10;20;13

Devin Burr

You just pay less. So I'm like, All right, how can I start holding onto properties? I knew about this method called the BR method by renovate, rent, refinance, repeat. My last name is BR. So I'm like, I'm Mr. BR How about I become Mr. BR as you see on the wall here? And I just started coining myself as that guy.

00;10;20;25 - 00;10;46;26

Devin Burr

I made a music video. It's like a spoof music video. Anyone who wants to check it out, go to my YouTube channel, Mr. Underscore. BR It's the first video I ever uploaded. It's just me and my friend Templeton Walker were rapping and it's it's hilarious. But basically I started holding on to properties and building my wealth by actually owning things instead of selling them.

00;10;47;20 - 00;11;09;16

Devin Burr

And then I realized like, all right, well, the the people that make the most money in real estate all the time is the bank, the lenders. Right. Think about if you're a flipper, you have to get a hard money loan. You have to get a private money loan. You could make zero money on that deal. You could lose money on the deal.

00;11;09;16 - 00;11;32;20

Devin Burr

But who always gets paid? The lenders. The bank always makes the money. So I'm like, All right, I need to become the bank. And when I started thinking like that, I actually heard a podcast with this guy by the name of Chris Nagel. He was talking about Chris is he's awesome. He he, he was talking about how to become the bank.

00;11;32;20 - 00;11;57;03

Devin Burr

And I'm like, that's what I need, right? So I went down that rabbit hole. I started researching it. I got a phone call with Chris, actually started doing what he practices and then using it with all my real estate. And I realized that was able to multiply money by being the investor but also being the bank on those deals.

00;11;57;03 - 00;12;26;11

Devin Burr

So think about that. I'm making money as the investor, but I'm also making money as the bank. So I'm making money in two places at the same time. Once I realized that, I was like, This is frickin incredible. Everyone needs to know about this. I'm telling Mom and Dad, I'm telling brothers and sisters, aunts and uncles, cousins, dude, I'm literally telling people in the most opportune times, like you, you're literally in the checkout line at the supermarket.

00;12;26;19 - 00;12;48;01

Devin Burr

I'm like, Dude, you know, you can be your own bank. And then I'm explaining it to them and everyone's looking at me like I'm crazy. But yeah, it was changing my life. So I knew as a kid that barely passed high school, I passed with a D average as a kid that tumbled there is twenties, was bankrupt at 31 rock bottom.

00;12;48;22 - 00;12;56;20

Devin Burr

If they could work for me, they can work for anybody. So I'm like, Let me just share it with as many people as I can. Well, I think what's so great.

00;12;56;20 - 00;13;12;05

Steven Pesavento

I think what's so great about that is when you find something that you're passionate about, when you find something that's really helped you and you want to share it with everyone else. And it's always funny because like some of the people are going to receive that message, they're going to be like, Great, tell me more. I want to learn more.

00;13;12;14 - 00;13;28;04

Steven Pesavento

But you're of course, because you didn't know about it. Most people don't know about it when they hear that. They're like, What the heck is this guy talking about? But the the passion of being able to find something that you know is going to help other people, I think is such a good indicator that you're on to something.

00;13;28;24 - 00;13;56;24

Devin Burr

Yeah. I mean, I looked at it just like, how can I get this message out more? And the easiest way to get a message out that is free social media. So I just started putting out videos about it. My third video, it was me sitting in my car talking about how to get all the money back for any car you'll ever buy drive on by using the concept of being your own bank.

00;13;57;23 - 00;14;24;05

Devin Burr

I went to bed, woke up the next morning. I had 17,000 followers like that. Everyone started asking me how to get a policy, how to do this, how to become their own bank. So I just started. I kept making more videos and then I realized like, All right, all these people are asking me how to do this. What I was doing was sending them to Chris because that's how I did it.

00;14;24;24 - 00;14;48;15

Devin Burr

I'm just sending them to Chris, ten, 15, 20 people a day. And then it hit me one day. I'm like, Why am I giving all this business to Chris? Why don't I be Chris and be the guy that sets people to be their own bank? So in March of 2021, I started doing that, and since then I've set up over 1300 people to be their own bank.

00;14;48;28 - 00;15;01;12

Devin Burr

That's added a whole nother stream of income for me this year. I'll make probably $1.3 million just from that, and it just came from helping people, helping people do what I learned.

00;15;03;17 - 00;15;37;06

Steven Pesavento

Yeah. What I really hear here summarizing is, you know, number one, you started using the BR method, which is really buying rental properties, doing some renovations, pulling out the cash. Then second, you started using infinite banking as a tool to take the money that you had earned, putting it into a policy, doing that in a unique and creative way and then lending that money back to the real estate company that you created in order to be able to continue to have that money investing in moving for you.

00;15;37;07 - 00;16;01;13

Steven Pesavento

And because you're borrowing money at one rate and you're lending at another rate, you're making a return on that. So you're making a return in two different ways. And then the third thing you did was you built another business, a consultancy, a an insurance agent business, essentially, where you're taking those qualified people and you're bringing them through a process, teaching them some of the same things that you've been able to learn.

00;16;01;13 - 00;16;34;16

Steven Pesavento

And that's led you to creating more earned income that you're then able to invest. And so I think you can be a really great example of regardless of where you're at today, the key thing to figure out is how do you make money and then how do you multiply it? So you got to make money through the active business, through the activities you're doing, through maybe going and finding a new niche or something that you're passionate about, that you can deliver value to other people, you earn that income and then you multiply money by going to investing and you're bringing something unique to the table.

00;16;34;21 - 00;16;58;23

Steven Pesavento

By putting that money into an insurance policy, which is another form of investing, and then being able to use the money from that cash value life insurance policy to then reinvest back into the real estate. So from from the investing perspective, how would you say from a time perspective, what's the split of where you're spending your time, you're spending 10% on real estate, you're spending 50%.

00;16;59;01 - 00;17;00;10

Steven Pesavento

Talk to me a little bit about that.

00;17;02;09 - 00;17;26;13

Devin Burr

So I'm glad that you actually mentioned it was a life insurance policy because I try to refrain from mentioning that soon as I mentioned, it's life insurance. People's like blinders go up there. They just think it's some sort of scam. But they think of like a regular whole life insurance policy. What we do is totally different. It's not built for the death benefit, it's built for the cash out.

00;17;27;01 - 00;17;52;09

Devin Burr

Yeah. So, yeah, as far as split goes, I would say most of it now is geared towards how can I create passive income like my Airbnb is that's what I own with the method that all Airbnb's, they're not really that passive. There is a lot you have to do with them. So I'm actually in the process of selling them.

00;17;52;23 - 00;18;11;12

Devin Burr

They've got a bunch of equity because of how we've done the deals. So I'm going to take the cream off the top, put that money into policies, because that money is guaranteed to grow once it goes into an insurance policy. And then I'm going to take it and lend it out. So I'm just going to be the the private money lender.

00;18;12;01 - 00;18;44;06

Devin Burr

Right now, we have about $800,000 lent out to private deals. So right there we're making like nine, ten grand a month passage just from that. And that is literally passive. You don't have to do anything. You just get checks in the mail. So most of my energy now is spent on just creating videos so I can get people into a funnel and they can watch a video that shows them how the banking works and then they get on a call with someone on my team.

00;18;44;06 - 00;19;03;20

Devin Burr

I used to take all the calls. Now I just have my team do it and they set up a policy and then from there I'm just focused on building relationships. How can I get more money moving? How can I get more money growing without me having to work at all? So that's really the thing that I don't spend a lot of time on real estate.

00;19;03;26 - 00;19;09;18

Devin Burr

I just kind of try to make creative videos, spend the rest of my time traveling and doing cool stuff.

00;19;10;10 - 00;19;39;06

Steven Pesavento

And I think what's inspiring about seeing this example is that when you actually break down what you've done, Devin, is that you were in a position where you were earning earned income in your career. You took some of that earned income and you started investing it into real estate that you needed to do actively right things, that you would exchange your time, but you'd also invest and that would then drive a much higher return than if you were going to do some other strategy.

00;19;39;06 - 00;20;00;14

Steven Pesavento

You chose Airbnb and BR, so you connected those two different strategies together. You go out and find a property, you renovate it, you improve it, you make it a lot better, and then you go back to the bank and you refinance it. You pull out some of that money and then you own it. Ideally free and clear, or at least with not a lot of the original cash in it.

00;20;00;23 - 00;20;28;09

Steven Pesavento

And then what you've done is you just continue to repeat that process. But while you're repeating it on the next deal, you've gone and started renting these properties out on Airbnb. And why do it on Airbnb? Because you're able to get a 20 or 30% higher return by going and doing all of that extra management work of running a hospitality business to increase your cash flow, which then increases the amount of money that you're earning on each individual deal.

00;20;28;19 - 00;20;59;16

Steven Pesavento

And then you really found another strategy of being able to create more income at a higher level using some things that you're passionate about. And now you're really looking to move from that growing phase where you're looking at, Hey, how can I do things to make money and continue to grow that little pot of money I have? And now what you're looking to do is, hey, I want to go to a phase where I'm more passive and see this happen within a couple of years, depending on if you're listening to this.

00;20;59;25 - 00;21;31;07

Steven Pesavento

This could happen within a couple of years. It could happen within a decade or two. It just depends on what's right for you. But you've moved from that growth phase into the passive income, the cash flow phase. And so now you're finding a new strategy where you can actually lend out that money on a fixed note or some type of no plus equity type opportunity that's going to then drive returns for you without you needing to do all the work or take as much risk as you were taking when you were the one who were managing it.

00;21;32;10 - 00;21;56;27

Devin Burr

100%. I look at it this way that the most valuable currency that we all have, it's something that we literally spend. So it is a currency this time, like how do you spend your time? I'm spending my time right now with you. You're spending your time with me. Yeah. We'll never get it back. It's spent, it's gone. It is the most valuable currency.

00;21;57;00 - 00;22;18;18

Devin Burr

So how do you want to spend your time? I want to spend my time creating memories. Right? Experiences. So we just book the trip right before we go on this podcast. My wife, I just took a trip to Switzerland. We're going at the the end of June. We're going to the Bahamas at the beginning of June. We just got back from Maui.

00;22;18;27 - 00;22;41;01

Devin Burr

I want to spend time doing that. I don't want to have to spend my time worrying about how I'm going to make money. I just want my money to make money for me. I look at money as little soldiers, little green sold out. I'm going to send those soldiers out and I want them to make little soldier babies and I want those little soldier babies to come back.

00;22;41;09 - 00;23;03;14

Devin Burr

Now I've got more soldiers. I'm going to deploy those ones out. Those are going to make more babies. They come back to me, then I'm out again. And as long as you can do that with first putting your money into a place that's guaranteed to grow, you can never lose money. You're just always going to have more and more to invest more and more to send out.

00;23;03;15 - 00;23;04;23

Devin Burr

So that's all I focus on.

00;23;06;03 - 00;23;27;12

Steven Pesavento

Yeah. And so with that kind of a shift, you can see you can see how powerful it can be that you got to figure out those two things. Make money, multiply money, manage money is really the third one. You got to know how do you manage it? How do you get it working for you? How do you save on taxes and protect it?

00;23;28;02 - 00;23;54;17

Steven Pesavento

With those three things in mind, you step into a totally new world. So you're in a position where you're earning great income. You're looking to become more passive when it comes to making those investments and lending out that money. What's the path or strategy that you're looking at? I know you're kind of in that developmental phase, but what type of investments are you looking to place that capital into in order for it to grow passively for you?

00;23;56;06 - 00;24;18;27

Devin Burr

So right now I've got a lot of my money into a private fund with some investors I know out in Utah they do development deals. So I really like their fund because what they do is they purchase the land with their money. So the deal always already has a bunch of equity because they've got their skin in the game.

00;24;19;21 - 00;24;45;10

Devin Burr

They also personally guarantee the deal. So I generally look for two things. I look for personal guarantee or first lien position, because if I'm in first lien position, like think about a house, my house that I'm in here, the bank is in first lien position. If I start making payments on this house, they can take the house because they have a lean on it.

00;24;46;10 - 00;25;01;19

Devin Burr

So if I'm a I'm a lender and I lend to you, let's say in first lien position, you stop paying me, I can legally take the house. So I look for that and I look for personal guarantees and then after you're talking.

00;25;01;22 - 00;25;26;10

Steven Pesavento

About just to be clear, though, you're talking about lending money. Right? Right. So it's in lending, you're creating a debt instrument and you're being paid for a set rate of return for making that investment. Very important to understand the difference for all the listeners, because equity and debt are two different things, very powerful instruments. And what Devin's talking about is, is actually lending debt.

00;25;27;06 - 00;26;01;20

Devin Burr

Yeah, I think the problem with real estate is there's so many ways to make money with it. Yeah, so many ways there's wholesaling, there's notes, there's sub two, there's flipping, there's the Burr method, there's I mean, you name it, there is every way possible to make money in real estate. I think the key is finding out what you really jive with, what really makes sense to you, and then just diving into that, figure that out and to where you can have that just fully run it itself, then start trying to do other things.

00;26;02;06 - 00;26;29;19

Devin Burr

For me personally, I want to have cash flow. I had a deal where I could have funded it recently. A good friend of mine, great investor on a track record, wouldn't be a lot of risk in a deal because they have so many safeguards in place. Super conservative deal. But it wasn't cash flow, it was equity. So on the exit I would get a return, the exit would be in like two and a half years.

00;26;30;10 - 00;26;49;09

Devin Burr

I don't want that. I want cash flow. So I just lend my money and get a monthly return. So if I land $100,000 at 12%, I'm getting 12% interest, which would be $1,000 a month. That's what I want. I want the money coming in every single month.

00;26;49;24 - 00;27;11;03

Steven Pesavento

So let's just think about and what I like about what you're saying is that you've clearly got and clear on what you want and why you want it when it comes to investing, meaning you've set an investment plan strategy in place and you're not getting distracted by shiny objects because equity investments where you double your money in two or three or four or five years can be great.

00;27;11;13 - 00;27;36;02

Steven Pesavento

But if your goal is cash flow, then you need to look past those or at least keep them within the amount from a percentage allocation perspective in that bucket to whatever it is that you've agreed upon for yourself. And so by being intentional, knowing that you're looking for passive income, it allows you to really focus in on only those kind of investments.

00;27;36;02 - 00;27;50;06

Steven Pesavento

So I think that's really great. Well, I'd love for you to share. Devin, I've got one more question for you and then we'll wrap up. But I'd love before we get there, share, where can people follow you and how can they learn more about what you're doing online.

00;27;51;21 - 00;28;38;27

Devin Burr

So you guys can follow me and find me on any of the social media platforms under Mr. Underscore? BR That's B with 4 hours. So Instagram, Tik Tok, YouTube, I guess Facebook. I don't really get on Facebook much. I don't know if anyone does besides my parents, but but yeah, so just follow me on there. I'm always giving you a ton of free information and then if you want to learn more, there's a link in my bio on each platform where you can really start learning more about what I'm doing, how I save on taxes, how I, how I do the infinite banking concept, different ways that I actually get money moving.

00;28;39;10 - 00;28;42;05

Devin Burr

It's all in the link in my bio. So click that. Check it out.

00;28;43;07 - 00;29;10;05

Steven Pesavento

I love it. Well, this has been really great hearing about your story, how you've actually gone from more of an active role. You're moving more towards a passive role because you've kind of reached that goal that you're looking for. What is your advice for those listeners as we wrap up? What is your advice for those listeners who are on that path towards figuring out what is the right direction for them to go in order to retreat, achieve that financial independence that they're looking for?

00;29;12;13 - 00;29;40;19

Devin Burr

And good question. I would say run your own race. Don't worry about anyone else. There's a reason that race resources have blinders on and it's so they don't see the two horses next to them. They run their own race. There's so much power in that because if you start looking at everyone else, you're going to compare yourself with everyone else.

00;29;41;11 - 00;30;10;18

Devin Burr

I did that very early on when I was in real estate. I started looking at Pace Morbi. I started looking at Jameel, Damani, Justin, Kobe, all these guys out here in Phenix that were crushing it and I knew them from going to meet ups. I'm like, Now they are killing it. What am I doing over here? When in reality, if I step back and look at it as a brand new investor spending $0, which they do not do, they have a lot of marketing that goes into what they're doing.

00;30;11;06 - 00;30;40;19

Devin Burr

I was spending $0. I had eight real estate deals in three months. I was crushing it for my race, but I was looking at everyone else in what they were doing. And what happened is when you compare, comparison is the thief of joy. I started getting in my feelings and thinking, Man, I'm not doing enough. I started getting down and out and then I started really just kind of being depressed because I was focused on them, not on myself.

00;30;41;04 - 00;30;58;23

Devin Burr

So what I would advise everyone to do is just focus on you, focus on your path, because your path is exactly what it should be. Just continue to get better than you were the day before and you have no regrets. You'll crush it on your timeline. Everyone else's timeline doesn't matter man.

00;30;58;28 - 00;31;12;15

Steven Pesavento

So good. Such great advice. Follow. Follow. Devin at Mr. underscore BR on all platforms really appreciate you joining us today and we'll see you all on the next episode.

00;31;13;05 - 00;31;14;02

Devin Burr

Appreciate you have me, brother.