Don’t Go Broke Trying to Get Rich with Ryan Pineda
The Home Service Expert Podcast
Deep Dive
Why is it important to avoid going broke in all areas of life, not just financially?
Going broke in any area of life—health, relationships, faith, or family—can have a domino effect, negatively impacting other aspects. For example, poor health can lead to medical issues that affect work and relationships, while marital problems can disrupt both personal life and business success.
What does Ryan Pineda believe is the key to building true wealth?
True wealth involves balancing multiple aspects of life, including faith, family, fitness, and finance. Ryan emphasizes that focusing solely on financial wealth can lead to deficiencies in other areas, which ultimately undermines overall success and happiness.
How does Ryan Pineda suggest managing time effectively to balance work and personal life?
Ryan suggests that people often overestimate how busy they are, leaving plenty of time for personal priorities. He believes that with 162 hours in a week, it's possible to balance work, sleep, and still have time for family, fitness, and personal development.
What advice does Ryan Pineda give about investing in real estate?
Ryan advises against jumping into real estate investments too early, especially if you're still building your primary business. He suggests reinvesting profits back into your business and personal growth before diversifying into real estate.
What does Ryan Pineda think about the future of the real estate market?
Ryan predicts that the real estate market will improve next year compared to 2023, but it won't reach the levels of the 2020-2021 boom. He also notes that rising construction costs and interest rates are making homes less affordable for many families.
How does Ryan Pineda approach personal branding and influence?
Ryan believes that influence comes from real achievements, not just social media presence. He suggests focusing on building a track record of success in your field before trying to become an influencer. For example, he flipped hundreds of homes before sharing his expertise online.
What is Ryan Pineda's take on the importance of mentorship?
Ryan emphasizes the value of mentorship, both for himself and his team. He believes that mentorship helps individuals grow to their full potential, and he actively seeks out mentors and coaches to improve his business and personal life.
How does Ryan Pineda ensure his team stays connected to the company's mission?
Ryan fosters a culture of shared values and purpose, including regular company trips, Bible studies, and a focus on employee well-being. He believes that when employees feel valued and connected to a larger mission, their work performance improves.
What does Ryan Pineda recommend for managing employee performance and morale?
Ryan suggests that leaders should focus on both financial and emotional paychecks. This includes recognizing employees' achievements, sending handwritten notes, and even calling their significant others to express appreciation. He also recommends investing in tools like an app to track employee milestones and send personalized messages.
What is Ryan Pineda's view on the competition for attention in today's market?
Ryan believes that attention is the most valuable currency because it's finite. With only four hours of discretionary time per day for most people, the competition for that time is fierce, driving up the cost of marketing and advertising.
- Financial ruin is not the only form of "going broke." Health, family, and faith are equally crucial.
- A balanced life is essential for long-term success and well-being.
Shownotes Transcript