Digital Social Hour
You vs. You: Master Mindset for Winning in Business & Life | Jerome Maldonado DSH #1186
Mon, 17 Feb
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🔥 It’s YOU vs. YOU! Learn how to master your mindset and crush it in both business and life! 🏆 In this episode of the Digital Social Hour with Sean Kelly, we dive into the power of resilience, focus, and turning setbacks into success. 💪 Joined by a multi-millionaire real estate investor, we uncover what it takes to navigate challenges, outsmart the competition, and win in the game of life. Whether it's about conquering self-doubt, raising unstoppable kids, or thriving in tough markets, this episode is packed with valuable insights you can use today. 🚀 💡 Ready to unlock your full potential? Watch now and subscribe for more insider secrets. 📺 Join the conversation and stay tuned for more eye-opening stories on the Digital Social Hour! 🌟 Your next breakthrough starts here. Hit that subscribe button and let’s win together! 💥 CHAPTERS: 00:00 - Intro 01:15 - Luck vs Skill in Success 04:54 - VC Firms Investing in Real Estate 06:06 - Overcoming Fear of Judgment 07:57 - Mindset Lessons from Sports 08:48 - Marathon Running Insights 10:12 - Ironman Competition Experience 12:05 - Importance of Focus 15:31 - Health and Wellness Tips 17:09 - Managing High Expectations Pressure 23:10 - Parental Influence on Dreams 25:13 - Importance of Education 30:45 - Teacher Impact on Students 34:37 - Finding the Right Mentor 37:05 - Jerome’s First Major Deal 41:00 - Immigration Challenges 44:42 - Understanding H1B Visas 46:25 - Employee Second Chances 47:55 - Evaluating Portfolio Size 48:55 - Setting a $1B Goal 51:49 - Benefits of a Coaching Program APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Jerome Maldonado https://www.instagram.com/jeromemaldonado1 LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad #mindsetmentor #businesscoach #financialeducation #realestaterookie #selfimprovement
Chapter 1: What are the challenges of maintaining testosterone levels naturally?
testosterone levels back and i and i i battle mentally because i you want to take the testosterone replacement because it keeps you leaner but it scares the shit out of me man i'm not a fan of anything unnatural yeah because i mean you take that shit and then your body loses its own natural mobility to produce testosterone yep and um and bro you're just you're on that shit forever for life long-term effects for it
All right, guys, with Jerome here, we're going to talk real estate and life today. Thanks for hopping on, man. What's up, Sean? How you doing, brother? Yeah, it's been a while. It's been a year and a half. Couldn't believe how fast time flies. Time flies too fast, man. It's crazy. Yeah, shout out to Dan Fleischman and the guys at Aspire for hosting events. Yeah, those dudes are badasses.
I was talking to Dan last week. They're trying to sell the ranch up in Temecula, so... Oh, because of the fires? No. I think it's just the right time. The Olympics is going to do their equestrian arena there. And I think he wants to move here to Vegas and put something together here in Vegas. Nice.
Just get away from the California politics and some of that stuff. It's hard to beat Vegas, man. I like it here. I was doing land development out here in the late, in 2000, 2004, 5, 6, 7, 8, right before the recession. And we got out of here at the perfect time before everything fell apart pre-recession. Was that luck, skill, or both? No, it was luck. It was luck. It was luck. My son was born.
So I said, okay, no more out-of-town development. My son was born in 2008. And I had just sold off the last development to Toll Brothers. And I said, we're going to stick to doing work and development just here at home. And so it was a little bit of luck more so than anything. I love the honesty on that because some people would have said skill.
No, man. I wish I was that smart. I wish I saw it coming. I had sucker written all over my face in that day, bro. Yeah. Well, no one saw COVID coming too. That was another. Oh, I know. We got lucky with COVID, though, man. COVID worked in our benefit in a lot of ways. Housing prices went up. The interest rates went down.
I mean, we're paying the backlash effects of it right now from a banking perspective. But damn, we killed it. In fact, Tai Lopez and I were doing some stuff over in Virginia, and we had a project tied up in South Beach, Florida at the time, over on Meridian, Espanola, the heart of South Beach. And
And when we got that property, we panicked because we thought we were overpaying for it at the time, nonetheless. And we thought we were screwed with the pandemic. And ironically enough, prices in South Beach, Miami doubled. Damn.
In a year? No, not in a year. But during the course of like three years, prices just went through the roof. And then we found ourselves down in Puerto Rico because things just got too crazy down in South Beach. Yeah. Puerto Rico is where you go when you make crazy money, right? And you got it right off some taxes. Yeah. Miami exploded. Vegas exploded too during the pandemic.
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Chapter 2: How did Jerome Maldonado get started in real estate?
You know, people focus on that stuff too much. I mean, the reality is like, how many people do you really know that can compete with those guys, right? Like, I mean, very few. Yeah.
So when you look at it from a reality standpoint, it's like, I always tell people, a drowning person can't save a drowning person. Like, go fix your own finances first and focus on it. There's so much opportunity out there. You literally, there's opportunity everywhere. within a couple of miles of your own front door.
And people are all over the place and they're worried about everybody else that's picking that stuff up. It's going to happen, right? I mean, there's politics that are beyond our abilities and control. We try to lobby and be the best example and part of correcting the problems that are out there, but not any one of us alone can do that.
So I always tell people, before you start trying to save the world, and worry about all the big reefs and stuff that are going in buying this real estate, go focus on getting yourself financially corrected. And that more importantly is what really needs to happen because then with those people and their finances more well corrected, then you can go in and make an impact.
Yeah. I love that mindset because a lot of people try to compare themselves to other people and they're comparing their level 100 to level one. It's like no comparison.
Yeah, there's no comparison. I told my daughter that this weekend. My daughter's been competing in gymnastics and she was a little girl. She got started 18 months and she's more talented physically than my son. My son's just a harder worker than her and he has the mindset. Well, let me take that back. he's not a hardworking, my daughter, they're both hardworking.
He has the mindset and he competes like a dog. My daughter retracts. And I told her, I said, look, Stop worrying about what other people think. I said, when you go in and you master something and you become great at it, you're going to be judged. But if you worry about who's judging, you're never going to grow yourself.
I said, when you can go in and mentally place yourself in a position where you stop caring what other people think, that's when you'll excel. And we were in Dallas two weeks ago and she had the worst competition that she ever had. She got like a five something on her bars, fell three times. I couldn't believe it was the first time ever since she was a little girl. And she just got crushed.
And I told her, okay, now here's the thing. You need to stop worrying about other people. I said, you were worried about me, your uncle Rick that was there. Then every comes a competition and everybody else and how they were judging you. Now it's you against you. You got to come back. And then yesterday, was it yesterday? What was it? What state? Today's Monday. So Saturday she competed.
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Chapter 3: What is the impact of the COVID-19 pandemic on the real estate market?
Bro, I still need to do that. You don't have a chef yet? No. We only do it sometimes when we travel just to eat better. We need to. We had explored it at one point in time. Our kids are so busy with sports and stuff, and we were traveling so much. It didn't make sense to have them unless we had them travel with us, which we could have done. But we just hadn't. But we're pretty good about it.
My wife cooks. We don't eat out during the week. Oh, OK. I cook. Yeah, as long as she's not overwhelmed, then you're probably chilling. Yeah. She's overwhelmed. It's part of our household, man. I think everybody in our household at some point in time during the day gets a little overwhelmed. We live a pretty high intensity lifestyle between all of us. We all grind pretty hard.
I assume you have high expectations for your kids, right? Yeah.
Yeah. And I think they have high expectations for themselves. You know, what's hard about kids is that both my kids are gymnasts. My son's a two-time nationally ranked gymnast. My daughter's working to try to get to nationals this year. And I think that's what's playing on her brain so hard. Yeah. that he landed up just hating the sport, right? Like he just landed up hating the sport.
He went through the motions for the last couple of years. And those were, when he was going through the motions is when he actually did the best because he didn't care. And then we got to a place where we felt like we said, you know, what's our goal, right? Like is our goal for them to be like these super athletes or do we just want them to be a part of our lives forever?
And my wife and I are real close to our kids. And I go, we're going to kill them. The morale, we're going to kill our relationship with them. If we do this, we saw the other parents doing it to their kids. And he said, at some point in time, they just have to want it and they have to love it. And if they don't want it and they don't love it, then we can't make that, we can't make them want it.
We can't make them love it. Right. They're going to land up resenting us for it. And we felt it with my son. Cause I remember going, we were in Costa Mesa and, And he had a gymnastics competition up in Costa Mesa. And I remember he was expected to win and he was doing vault. And the coach brought him up to me and said, and I think at this time he was in seventh grade.
His coach Joey comes to me and goes, hey, because I don't know if Jacob's going to be able to compete today. And I said, why? He goes, he's just, he's falling apart on us. You know, you might want to talk to him. He was bawling, crying. And this wasn't my son. Like my son doesn't cry. Wow. Especially not for stuff like that. And so I said, what's up, man?
He goes, and then he was like gasping for air. And basically in so many words without saying much is basically he's felt overwhelmed with the pressure that we put upon him and to do something that he didn't want to be doing, right? Um, so as a parent, we had to recognize it one and, um, and not say, okay, he's a puss. Like, you know, we're going to push him anyways. Right.
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