43 min
E12: How to Achieve Greatness and Become Legendary by Embracing Your Losses with World Champion Joe Kovacs Big Law Capitalist
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- Investing
Embracing and enjoying the process is critical to achieving greatness, which applies in your everyday life and in real estate. Your circumstances will never be perfect, so you must learn to enjoy the discomfort in your pursuit of self-improvement and, ultimately, in your pursuit of greatness.
Joe Kovacs, American Shot Put World Champion and Olympic Medalist, joins us in this episode. He shares his “pursuit of greatness” mentality that helps him power through challenges in order to constantly improve himself, both in his sport and in investing. He relates this way of thinking with how he approaches real estate investing.
Here are some power takeaways from today’s conversation:
Embracing delayed gratification is critical to achieve a massive payoff.
Don’t expect things to be perfect, so become comfortable with being uncomfortable and adapting.
Be ready to put in the work and grind if you want to achieve greatness in your life.
Investing now in passive income that will benefit you later provides you with freedom of choice.
Understand and appreciate the importance of calculating the principal paydown when looking at the benefit of real estate investing.
Episode Highlights:
[11:49] The Importance Of Seeing The World
Joe and Ashley’s careers take them around the world. He believes going to different places will benefit his kids because it will help widen their perspectives.
[14:09] Measuring your success against yourself
Joe loves how the shot put has a definite measurement of success. For example, you could have two not-so-good teams playing basketball and still get a winner. In the shot put, you put yourself up against a constant, all-time measurement.
[26:00] Embrace The Grind, Work, And Discomfort
Joe emphasizes the need to embrace the discomfort in trying to improve yourself,as well as when dealing with real estate investing. Expecting everything to be perfect will get you nowhere. Instead, you must put in the work and trust the process. Familiarize yourself with the growth opportunities that discomfort can bring you.
[38:29] The Exciting Part About Real Estate
Nobody ever really computes the principal paydown for real estate. People just focus on investment returns or how much a house could sell for. Joe thinks this is one of the best parts of real estate. He can have other people pay his bills for him and generate net worth and value for his family.
Notable Quotes:
[09:24] “I feel like there's gonna be all these little moments along the way that just kind of take your breath away and put things in perspective.” — Joe
[15:52] “Kind of what I've learned from my sport is I'm constantly putting myself to a test.” — Joe
[17:42] “If I didn't have all those losses to get to this point, I wouldn't have had the current win.” — Joe
[26:55] “You have to be willing to get to that grind to get to the adaptation because just expecting to be better - that's a false game.” — Joe
Resources Mentioned:
Reach out to Joe: Website | Instagram | Twitter
Reach out to Jeremy: Instagram | LinkedIn
Embracing and enjoying the process is critical to achieving greatness, which applies in your everyday life and in real estate. Your circumstances will never be perfect, so you must learn to enjoy the discomfort in your pursuit of self-improvement and, ultimately, in your pursuit of greatness.
Joe Kovacs, American Shot Put World Champion and Olympic Medalist, joins us in this episode. He shares his “pursuit of greatness” mentality that helps him power through challenges in order to constantly improve himself, both in his sport and in investing. He relates this way of thinking with how he approaches real estate investing.
Here are some power takeaways from today’s conversation:
Embracing delayed gratification is critical to achieve a massive payoff.
Don’t expect things to be perfect, so become comfortable with being uncomfortable and adapting.
Be ready to put in the work and grind if you want to achieve greatness in your life.
Investing now in passive income that will benefit you later provides you with freedom of choice.
Understand and appreciate the importance of calculating the principal paydown when looking at the benefit of real estate investing.
Episode Highlights:
[11:49] The Importance Of Seeing The World
Joe and Ashley’s careers take them around the world. He believes going to different places will benefit his kids because it will help widen their perspectives.
[14:09] Measuring your success against yourself
Joe loves how the shot put has a definite measurement of success. For example, you could have two not-so-good teams playing basketball and still get a winner. In the shot put, you put yourself up against a constant, all-time measurement.
[26:00] Embrace The Grind, Work, And Discomfort
Joe emphasizes the need to embrace the discomfort in trying to improve yourself,as well as when dealing with real estate investing. Expecting everything to be perfect will get you nowhere. Instead, you must put in the work and trust the process. Familiarize yourself with the growth opportunities that discomfort can bring you.
[38:29] The Exciting Part About Real Estate
Nobody ever really computes the principal paydown for real estate. People just focus on investment returns or how much a house could sell for. Joe thinks this is one of the best parts of real estate. He can have other people pay his bills for him and generate net worth and value for his family.
Notable Quotes:
[09:24] “I feel like there's gonna be all these little moments along the way that just kind of take your breath away and put things in perspective.” — Joe
[15:52] “Kind of what I've learned from my sport is I'm constantly putting myself to a test.” — Joe
[17:42] “If I didn't have all those losses to get to this point, I wouldn't have had the current win.” — Joe
[26:55] “You have to be willing to get to that grind to get to the adaptation because just expecting to be better - that's a false game.” — Joe
Resources Mentioned:
Reach out to Joe: Website | Instagram | Twitter
Reach out to Jeremy: Instagram | LinkedIn
43 min