695: Billionaire Advice that Made a Farm Boy a Fortune in Self-Storage w/Andrew J. Abernathey
How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.
Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!
Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!
In This Episode We Cover:
The importance of early financial education and investing at a young age
How parents can cultivate the passions their kids possess
Puts and calls, stock trading, and how to invest like Warren Buffett
Apartment investing and how knowing your market can make you millions
How to find a mentor (even if you’re looking for a billionaire!)
Analysis paralysis, shiny object syndrome, and sticking to one strategy
Self-storage development and the details behind the deal
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Here’s What 10 Billionaires Say You Should Do Every Day
Should You Start Investing in Real Estate When You're Young?
How I Hired Warren Buffett as My Real Estate Mentor
Book Mentioned in the Show
Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey
Connect with Andrew:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695
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