Glennda Baker
Appearances
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Right, exactly. So what happens is it's critical to understand what you're buying. It's critical to do your homework on what you're buying, not just having a great real estate agent, not just having a great inspector, but getting in the weeds with it. And what I mean by that is driving through the neighborhood, getting lost in the neighborhood. Did you do your own recon in the neighborhood?
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And that's what I want people to do is don't depend on somebody else to tell you everything. I want you to understand how to do it. And so a lot of times when I'm with buyers, I'll put them in the car and we'll just drive around, get lost, turn off the GPS, eat in the restaurants, shop in the grocery stores. And this is such a simple thing that a lot of people don't think about.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
If the grocery store has great produce, that means that people are spending money in that grocery store. That means that people are concerned about what they're eating. They're probably going to take care of their house. Interesting. Nobody ever talks about stuff like that.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
You probably never thought that if I have good grapes at my grocery store, it probably means that I'm living in a neighborhood that's well kept. If you're concerned about the food that you're eating, what you're putting in your body, you're probably concerned about how you're taking care of your house.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
The best investment in real estate, grandma's house. OK, something that needs cosmetics, not infrastructure. Infrastructure may not sound sexy, but infrastructure is a wonderful thing to have. Number two, look for an area that is not at the top. but that is growing, that you can kind of see like, oh, wait a minute, they're doing work here. There's a dumpster in the driveway here.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And do that kind of research. Understand like what direction is the neighborhood going in? Number three, I would probably say when you're looking to invest, make sure that you understand what you're buying. A lot of people don't understand, like, is this house on a two lane street? Is that a problem? Does this back up to the retention pond? Are there mosquitoes? It's Atlanta, Georgia.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
It's hot as hell. There's all kinds of mosquitoes. Do you understand how much less you're going to take for a house that's on a retention pond? Mm hmm. So that's why I always want people to understand exactly what it is that they're buying. I hammer on that a lot. And again, I don't want you to get caught up in your ego. A lot of people buy for vanity.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Because they want you to drive up, pull in the driveway and say, oh.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Oh, my stars. You don't want that.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
You don't even want to when you're living in it. Literally, you want to live in the house that works the best for you and your family. Out here in L.A., it's a little bit different. But in regular markets, think about it. I'll talk about Trey Young. I love basketball. Trey Young bought a $20 million house out here in L.A.,
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
signed a contract for $215 million, praise the Lord and pass the money, right? Do you know how much the taxes on that house are? $600,000 a year. Do you know how many houses, investment properties you could buy with $20 million? Wow. So you could have bought a fancy $5 million house in Atlanta, Georgia, which would have been the same as a $20 million house out here, for God's sake.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Then you could have bought some investment properties and built generational wealth. Not that his $215 million isn't going to be generational, but ask Evander Holyfield how that works out. That's the thing.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
You look at look at Evander Holyfield, a fighter who sacrificed his body, his well-being, his quality of life, made hundreds of millions of dollars in his career and loses his house to foreclosure. And think about that. So that's when I when I talk about vanity. Anytime that you're trying to impress somebody else with what you have.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I'm just going to ask you, let's just rethink that just for a second.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Making mistakes was probably the biggest teacher for me. Really? Not just making mistakes in my real estate business, but making mistakes in my personal life cost me so much time and so much money. And I think the reason that I'm passionate about it is because I went out and bought the Mercedes. I made $137,000 on one house. Wow. I went out and bought a Mercedes. I went on a shopping spree.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And within 12 months, I was selling my Rolex at a pawn shop. Really? Yes. Really? I was selling my car, my Mercedes. I was selling that Mercedes. No, no, no. I didn't sell it at first. At first, sit down. It was paid off because I made all that money. What you really don't realize. That went down in half after a few months.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Well, what you don't realize is that you got to pay taxes on all that money. But anyway, so I buy the car and I realize I have a cash flow issue. So what do I do? I go get a tote the note at 27 percent. So you want to talk about, oh, Glenda, what would you do when I talk to you? I'm just telling you straight from the horse's mouth. I made this mistake. Don't make the same mistake I did.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I went out and bought the fancy Rolex. That's why I have the hundred and thirty dollar ring from Ross Simons. I mean, it looks fancy, looks nice. It works and matches my outfit today. So that's what I want people to focus on is like is like the mistakes that I made. Don't don't do what I did. Learn, learn from me. And so that I mean, how do you manifest it?
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I never will forget, I saw this agent who sucked as a real estate agent. And that guy was making more money than he could count.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
He was a good talker, but he was investing in POS houses. He was investing in these little houses and he was fixing them up and selling them and fixing them up and renting them. And I remember thinking to myself, Somebody that is not as good as I am at real estate is doing a thousand times better than me.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And every time I thought about going out and pissing the money away, I thought about that guy and it pissed me off. It made me so mad. It just made me crazy. And every time that I think about. doing something that's probably, you know, impulsive or ego driven.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And I think that a lot of times you get caught up in being ego driven because it feels good when everybody looks at you and they think that you're successful. But. I for me, every single day I focus on what moves me from here to there. And here is freedom for me, freedom with my children, freedom with my family, freedom with my little grandchildren.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I my one and only goal is to be able to do whatever I want to do whenever I want to do it and not have to worry about going up another set of steps, not worrying about what next house I have to sell.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And what turns me on is helping people, inspiring them. And so I just say to myself every single day, my name is Glenda Baker. Only amazing things happen to me. My name is Glenda Baker. I'm a woman of action. And my name is Glenda Baker. And everybody's going to know my name. And all I want to do is just help people build generational wealth through real estate.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And inspire them through my mistakes.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Because we don't all need to make the same mistake. Let me have been the guinea pig.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Maybe you had to learn it over and over again. I didn't pay my taxes. That was probably the most eye-opening thing. Really? I mean, I grew up with a single mother like I didn't have anybody explained like I didn't even know you that when you only got paid when you sold a house. I'm in real estate school. And the teacher says, now, when you sell a house, you make this much money. And I'm like.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Like, you don't get paid on Friday. You have to sell to make money. I mean, I didn't know that. And I even tried to get a job as an assistant. Nobody would even hire me because, I mean, I'm barely out of high school, didn't go to college. And so, you know, I didn't understand about paying taxes. I mean, I made $137,000 on that one house, for God's sakes. Like, how much could the taxes be, right?
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
A lot. A lot. Had no clue. So the biggest financial mistakes in business I have made have been I didn't pay my taxes. I made purchases based on ego. I let people that didn't matter influence me to make purchases that I shouldn't have.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I think I think it was a little bit of both people that people that I knew and I thought, oh, well, you know, they're they're doing they're doing well and they're putting all of their money in this. Maybe I should do that. Or I believed all of the I believed all of the hype. And I think that that was a huge mistake. Just believing all of the hype that wasn't really the truth.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Not being able to discern. Well enough.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
But being distracted, probably one of the biggest money sucks of my life has been being distracted.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
All kinds of distractions. But mostly for me, I've been distracted by the shiny penny. I've been distracted by feeling like that I needed to be married to somebody to be somebody. Yeah. Um, for many, I mean, I remember it so like vividly in my head that I wasn't going to be worth anything unless I was married to somebody. Really? Some big person like, you know, like Ted Turner.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Like, you know, I'm thinking like, oh, I should be married to some like big shot person. I wouldn't be worth anything without that.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I don't, I don't, you know, I don't know. I think about like. I think about in my head, I was the only child in my school whose parents were divorced.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And I remember like. Seeing Mr. and Mrs. Myers and Mr. and Mrs. Bourgeois. And I remember seeing them and thinking, you know, they had the two kids, the three kids, the dog, the house with the swimming pool. Like the mama stayed at home and the daddy took care of everything. And I remember thinking to myself that I was so cheated.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
That I didn't have that life. And here was my mother. First off, she was old because she was 44 when I was born. Wow. So my mom was the oldest mom. She was the only divorced mom, single mom. My dad wasn't really in my life. And so here I am. And then on top of that, I have to have this back surgery. I'm in a body cast for a year in seventh grade and just everything.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And I've got this big accent, which I don't think I have, but lots of people think I do. But it just I mean, there was just so many things. And I kept thinking that I was like the odd man out. I was like I was different than everybody else. And rather than appreciating that difference, I worked so hard to be like everybody else.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
Oh, yeah, trying to fit in. I mean, I, you know, here was the last kid picked on the playground. And I wanted to fit in so bad. Yeah. And I couldn't ever figure out how to get those pieces of the puzzle together. Back when I was in school, I mean, I graduated from high school in 1984, you didn't call it bullying. Like today, you would say, oh, she was bullied as a child.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
She didn't call it that then. You didn't call it anything. Toughen up. Yeah, suck it up, buttercup. You know, and I think that for me, a lot of... A lot of the distractions were just trying to be like everybody else, get somebody's attention and prove that I was worthy. Right.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
I struggled with drinking. And I stopped drinking at the end of 2015. Mm-hmm. And I think that that really started giving me a lot of clarity. I think that that alcohol had been had had disguised a lot of issues that I had. But I think that when I stopped drinking and I tried, I was focused on being my best self that helped.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And then I went to a Tony Robbins event and he talked about just being present and these moments of. just being present and building these moments. And I went with my son. My son was really struggling at that time. How old was he then? He was 16 years old. Wow. And he was really kind of going through a difficult season of his own life. And I took him to the UPW for him.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And we're there four days. And at the end, And my son's tall and he puts his arms around me. And my ear is right at his heart. And I can hear his heartbeat. And he leans down and he says, I'm never going to forget these four days with you.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And I remembered in that very second, that moment. Like, here was this child watching me. Yeah. He deserves it. He deserves your value. He deserves you to be worthy.
The School of Greatness
5 Money Beliefs To Rewire Your Mind For Wealth
And so I left that moment and I said, my life's goal is to string together moments of a lifetime just like that one that I could just feel. And I just everything I do, every single thing I do is built around how I can build a moment in time for like my life, my children and the things that the people that I love.