How I Bounced Back Up After Losing MILLIONS of Dollars
Keep going by reminding yourself who cares?
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Yo, yo, what’s up everybody, Justin Colby here, I have been a real estate investor for over 15 years and have done over 2000 transactions. And this channel is all about entrepreneurship through real estate. Now, here’s a question I get asked a lot. How did I get back up after losing seven figures? Now, if you’re an entrepreneur, you’re really gonna dig this because I think it pertains to absolutely everyone, whether you’re in real estate or not. Now, I did lose some figures and I lost it on one single deal. And I get asked a lot, whether I’m speaking from stage or it’s on my podcast or whatnot, is, how did I actually get back up? Well, here’s the answer is I had my network around me to help me with this one idea. Who cares? Sounds pretty simple. I get it. You might be thinking, Justin, okay, I’m trying to skip to the next video. The reality is this. While it’s never fun, or easy to lose any amount of money, let alone seven figures. If you stay committed, you have directed intention, you take a lot of action, you can achieve greatness. And the mistakes you make, don’t mean anything except to yourself. The reality is we have one life to live. And I intend on living that life to the absolute fullest living my best life and creating a life that I love. Living in, I can only do that by creating my lifestyle through design and making a whole bunch of money. The best way I know to make a whole bunch of money is through active real estate investing, wholesaling, and flipping homes, and creating passive income with wealth building, and buying rentals. But the reality is, if you go for the big shot, you go for the game winning shot, there’s a chance you’re gonna lose. And the reality is, most people don’t go for that big game winning shot, because they’re too afraid of failure. And that’s why I say, Who cares. If you’re afraid of failure, it’s gonna stop you from achieving greatness, you won’t take that big game winning shot, and you will likely be stuck in the grind for the majority of your life. I personally am unwilling to do it. So when I do take my lumps, and I’ve taken several, I have to remember who cares, keep going. You see, fear of judgment is largely the reason people don’t keep going.
They hit a speed bumps, maybe they even hit a smack, iron lead wall like I hit, and they stop. Because they think about all the shame that they’re going to have from letting people down and that they made a mistake and they made a failure and you are a failure. That is what’s happening in their mind. But I will tell you right now, if you can simply readjust how you were thinking and keep going to achieve. Because you only have one life. You only have one life to be great. You only have one life to win the financial game. And when the lifestyle that you want, you’re obligated to keep going. And again, as simplistic as it sounds, who cares has to be the mentality. Kevin Hart says best. He says you have a shoulder shrug mentality. Oh, well, on to the next. So when I lost seven figures, what I had to remind myself and what I had my network and friends remind me of? Is this not a very big deal. Keep going. I know many of you are thinking and shaking your head, Justin, that is a massive deal. And in the moment I thought it was too. By the way that was almost eight years ago. I am still here. I’m still alive. I have my health. I have my beautiful family. My friends and family still love me. Who cares, keep going. Hopefully this found you Well, if you are an entrepreneur, I know you’re gonna take your lumps. You’re gonna hit your speed bumps, you’re gonna smack into a lead wall like I did. Keep going by reminding yourself who cares. I’ll see you guys on the next episode. Peace
