EP222: Ron Phillips Goes Deep on Failed Partnerships, Hiring the Right People, and Investing in Cash Flow Producing Assets

Ron Phillips has 17 years of real estate experience and is more than happy to share his wealth of knowledge with you today. Everything from hiring the right people, failed partnerships, and the steps he took to build a steady stream of cash flow is revealed in today's masterclass! Ron's been able to build a life of freedom where he can take more vacations and spend it with his loved ones. Key Takeaways: Ron just got back from vacation with his family. At the end of the day, money just gives us options. Having a clear life vision was a complete game changer for Ron and Alex. How did Ron get started in real estate? Ron shares how he closed his first real estate deal … with literally no money in his pocket. If you know sales and marketing, then you'll never starve. People today are so afraid of talking to other people. All they want to do is text and not pick up the phone or knock on the door. Don't be those people! What has Ron's experiences been like when it comes to business partnerships? No one can take away what you learn. You can lose all your stuff, but you don't lose experience. It took seven years to build Ron's first company, but through his experience, he was able to rebuild his company within a year. If you don't ask, then you're never going to get the benefit of other people's experience and knowledge. Don't let your pride get in the way of your growth. What does Ron's business look like today? What's Ron's hiring process look like? Ron would hire people who were PERFECT for the position, but it never would work out! Why? They weren't aligned in their values. People who don't align with your core values will eventually cost you money, time, and the glue that holds your team together. What were the steps that Ron took to build cash flow throughout his career? Ron's biggest mistake early on was not putting his money into cash flow assets. How was Ron financing his properties? What happens if 2008 happens again?! What advice would Ron give to his younger self? Mentioned in This Episode: Connect with Ron: RPCinvest.com/, and/or call at 801-990-5109. You can also email at [email protected] Book Recommendation: Robert Kiyosaki's Rich Dad's Guide To Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!   Tweetables: "Money, really, just gives us options. It gives you choices that you wouldn't have if you didn't have it." "If there's one or two skills you should focus on a daily basis it's sales and marketing. If you just focus on that, you'll never starve." "Partnerships fail when communication breaks down. Period." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!