Feb 22, 2021
In today’s show, Pancham interviews Jerome Myers - a leader in multifamily development, founder and Chief Inspiration Officer of DreamCatchers and The Myers Development Group.
Jerome was already successful in corporate America - already built a 20MM division and a 30% profit margin. But after a phone call on Christmas Eve, he decided to leave corporate America and started everything all over again!
Now, he has built his own company that has a multi-million-dollar portfolio, been featured on top podcasts, and has been guiding investors through the Myers Methods!
In this episode, learn how his qualities as an engineer helped him in the real estate game. You’ll also get to discover what investment strategy works for you, how investing can provide fulfillment to your life, and the 4 challenges in investing!
Quote:
"Then I said, when I was leaving corporate, ‘I’m gonna get that dream off the shelf and I’m gonna invest outside of Wall Street.’”
Timestamped Shownotes:
- 1:44 - Pancham introduces Jerome to the show
- 3:11 - How his venture started from a phone call on Christmas Eve
- 13:29 - Focusing on joint ventures investments
- 18:22 - The 4 challenges to overcome for rookie investors
- 21:08 - Having a positive mindset amidst the pandemic
- 25:51 - How his 5-hour morning routine contributed to his success
- 28:17 - Taking the Leap Round
- 28:17 - Fix-and-flip property as his first investment
- 28:43 - His fears when he first invested outside of Wall Street
- 29:36 - His investments that did not go as expected
- 32:06 - Why investors should never invest in something that they don’t understand
- 33:37 - Jerome’s contact information
3 Key Points:
- Investing is not about replacing your income but rather replacing your expenses.
- Different investment strategies would best fit depending on the type of investor you want to be. A joint venture works best for active investors while a limited partnership works for passive investors.
- Investments are negatively affected by the pandemic and that’s the reality of it. You just have to take advantage of the system.
Get in Touch:
- Jerome Myers Website - https://www.jeromemyers.co/lead-magnet1589065232830
- The Gold Collar Investor Banking - https://thegoldcollarinvestor.com/banking/
- Pancham Gupta Email - p@thegoldcollarinvestor.com
Books:
- Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054