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[384] How to Make Good Decisions (With Annie Duke, Ph.D. & World Poker Champion) episode artwork

EPISODE · Sep 17, 2020 · 1H 53M

[384] How to Make Good Decisions (With Annie Duke, Ph.D. & World Poker Champion)

from 7 Figure Flipping

Flipping 100 houses is less “risky” than flipping 1 house.The first time I heard this a few years ago, it blew my mind.But it’s 100% true.And it’s just one crazy takeaway from this 2-hour interview I held with Annie Duke.Annie is a World Series Poker champion with a Ph.D. in cognitive science.She’s an author, a decision strategist, and a consultant.And I only meant to spend 45 minutes talking with her.But the stuff she was sharing was just too good.We dug into questions like…How do you know if you’ve made a GOOD decision? (Spoiler alert… it has nothing to do with the OUTCOME of the decision…)What’s the CORRECT way to think about risk and probability? (This is HUGE for real estate investors…)How do you ACTUALLY learn from your mistakes? (Most of us are learning the WRONG lessons…)And those are just a few examples.You’re also going to learn…Why a lot of the things we think are mistakes actually aren’t, and a lot of things we think aren’t mistakes actually are...The “poker concept” that explains why appraisers hassle flippers on resale values…Why losing money on a deal messes us up mentally (and how to resolve it)…How to break out of analysis paralysis (by the end of this episode)…The 2 things that determine how your life turns out…Why it’s important to focus on the “set” rather than the “individual….”Why “winning or losing” is irrelevant to good decision making…And more.This episode will change HOW YOU THINK.And there's a HUGE surprise at the end... Annie is going to be SPEAKING AT FLIP HACKING LIVE! I can't wait to go farther on these topics and get into the "how" of shifting your decision making.If you haven't gotten your ticket to Flip Hacking LIVE, click here to sign up now.Catch you on the flip side!Links and ResourcesAnnie Duke is the author of 2 books on decision making, success, and personal growth. If you want to go deeper into the things she talked about in this episode, pick up a copy of “Thinking in Bets” and “How to Decide” and prepare to have your mind blown. And if you want to tap into even more of her insights and wisdom, head over to her website!- CLICK HERE: AnnieDuke.comFor the first time ever, Flip Hacking LIVE is going VIRTUAL. We’re bringing this event to YOU, right in your home! And it’s going to be incredible. But spots are limited… hit the link below to get your ticket to Flip Hacking LIVE today!- CLICK HERE: FlipHackingLIVE.comI'm going to give you an exact blueprint to follow to raise hundreds of thousands of dollars in private funding for your real estate business over the next 30 days. I asked myself, "If I could go back 5 years and teach myself everything I wish I had known about private funding back when I was first getting started, how would I do it? That's where the 30 Days to $500k Challenge came from... learn more at the link below!- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

Flipping 100 houses is less “risky” than flipping 1 house.The first time I heard this a few years ago, it blew my mind.But it’s 100% true.And it’s just one crazy takeaway from this 2-hour interview I held with Annie Duke.Annie is a World Series Poker champion with a Ph.D. in cognitive science.She’s an author, a decision strategist, and a consultant.And I only meant to spend 45 minutes talking with her.But the stuff she was sharing was just too good.We dug into questions like…How do you know if you’ve made a GOOD decision? (Spoiler alert… it has nothing to do with the OUTCOME of the decision…)What’s the CORRECT way to think about risk and probability? (This is HUGE for real estate investors…)How do you ACTUALLY learn from your mistakes? (Most of us are learning the WRONG lessons…)And those are just a few examples.You’re also going to learn…Why a lot of the things we think are mistakes actually aren’t, and a lot of things we think aren’t mistakes actually are...The “poker concept” that explains why appraisers hassle flippers on resale values…Why losing money on a deal messes us up mentally (and how to resolve it)…How to break out of analysis paralysis (by the end of this episode)…The 2 things that determine how your life turns out…Why it’s important to focus on the “set” rather than the “individual….”Why “winning or losing” is irrelevant to good decision making…And more.This episode will change HOW YOU THINK.And there's a HUGE surprise at the end... Annie is going to be SPEAKING AT FLIP HACKING LIVE! I can't wait to go farther on these topics and get into the "how" of shifting your decision making.If you haven't gotten your ticket to Flip Hacking LIVE, click here to sign up now.Catch you on the flip side!Links and ResourcesAnnie Duke is the author of 2 books on decision making, success, and personal growth. If you want to go deeper into the things she talked about in this episode, pick up a copy of “Thinking in Bets” and “How to Decide” and prepare to have your mind blown. And if you want to tap into even more of her insights and wisdom, head over to her website!- CLICK HERE: AnnieDuke.comFor the first time ever, Flip Hacking LIVE is going VIRTUAL. We’re bringing this event to YOU, right in your home! And it’s going to be incredible. But spots are limited… hit the link below to get your ticket to Flip Hacking LIVE today!- CLICK HERE: FlipHackingLIVE.comI'm going to give you an exact blueprint to follow to raise hundreds of thousands of dollars in private funding for your real estate business over the next 30 days. I asked myself, "If I could go back 5 years and teach myself everything I wish I had known about private funding back when I was first getting started, how would I do it? That's where the 30 Days to $500k Challenge came from... learn more at the link below!- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.

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[384] How to Make Good Decisions (With Annie Duke, Ph.D. & World Poker Champion)

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This episode is 1 hour and 53 minutes long.

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This episode was published on September 17, 2020.

What is this episode about?

Flipping 100 houses is less “risky” than flipping 1 house.The first time I heard this a few years ago, it blew my mind.But it’s 100% true.And it’s just one crazy takeaway from this 2-hour interview I held with Annie Duke.Annie is a World Series...

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