052: How To Turn Military Grit Into 65 Income Streams

Are you curious about how to create multiple income streams and build a legacy for your family?

On this episode, we have Dearonne Bethea, a corporate business owner, real estate investor, founder/CEO of Band of Brothers Investment Group (BOB), the Acquisitions and Key Principal for Tri-City Equity Group, and a US Army retired Chief Warrant Officer Four. With a net worth of over 12 million dollars through his business assets and investments, he has used his leadership, strategic, and operational skills to self-educate himself and build businesses. Dearonne shares his own experience and success story that emphasizes the importance of hard work, discipline, motivation, and surrounding yourself with people you want to be like to achieve success.

Gain insight into Dearonne's remarkable life story and learn valuable investing tips as we explore how he reached financial independence!

[00:00 - 09:35] Dearonne Bethea: A Testament to His Leadership and Unwavering Commitment

• How Dearonne has created a net worth of over 12 million dollars through his business assets and investments

• Dearonne's journey with the USA Army and how he got leadership skills

• Dearonne and his wife live off one paycheck and invest 100% of it into the stock market and real estate

• How they were able to have 65 streams of income

[09:36 - 18:07] How a Busy Real Estate Agent Found Comfort and Success

• Giving 110% and striving to be in the top 1% is essential for success

• Surrounding yourself with people you want to be like and grinding hard is key

• How Dearonne implemented military knowledge into his own business and real estate ventures

• The importance of ownership in any business

[18:08 - 26:07] Dearonne's Journey of Investing in Real Estate and Creating a New Franchise

• Investing in multifamily properties with low LTV (55-60%)

• Introducing a new franchise called Treazure Studios to help hairdressers become entrepreneurs

• Tools, resources, and support that help people become financially literate

[26:08 - 31:03] Closing Segment

• The webinars on financial literacy that Dearonne offers

Want to connect with Dearonne? Follow him on LinkedIn. Head to Band of Brothers to build generational wealth!

Key Quotes:

“I'm okay with raising the capital because I want to be able to sleep at night. I want to make sure that my investors get a great return.” - Dearonne Bethea

“You gotta have systems and processes that you believe in, and you gotta have a KPI for every business that you own or real estate that you own.” - Dearonne Bethea

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