Episode 27

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Published on:

30th Sep 2022

027: Terrie Schauer - Real Estate Investing, Building Mindful Wealth & Getting to Enough

Terrie Schauer is a property manager, real estate investor and property-management coach with over twenty years of experience. She holds a Masters and PhD from Oxford and a PhD. She is the leading authority on applying mindfulness principles to real estate investing, and has written the #1 bestselling book on the topic, Mindful Landlord .

Today, Jonathan and Terrie discuss real estate investing, mindful wealth and the concept of getting to ‘enough.’ Terrie reflects on her own entrepreneurial journey, struggling with privilege and advice she has to offer on holistic wealth, financial freedom, and investing.

📺 Watch on YouTube

https://youtu.be/usByCUqRIyM

Key Takeaways

01:06 – Jonathan introduces today’s guest, Terrie Schauer, who joins the show to share the lessons her father instilled in her about money and entrepreneurship

06:10 – Struggling with privilege and earning success

11:29 – How Terrie got involved in property management and real estate investing

18:18 – The Mindful Landlord

20:58 – The type of real estate Terrie invests in

23:03 – Recognizing and getting to ‘enough’

27:55 – Terrie provides the single most important piece of advice that led to her success

30:38 – One piece of real estate investment advice to avoid

34:54 – Terrie’s next project

36:16 – The last thing Terrie changed her mind about and one thing that she would like people to know about her

37:39 – Jonathan thanks Terrie for joining the show and let’s listeners know where to connect with her

Tweetable Quotes

“My dad used to say two things. The first sentence was, ‘In life you can be a hammer or an anvil. Be a hammer.’ And the other is, ‘If you want more money, make more.’” (04:43)

“As an investor, I’m also very transparent about the fact that I started investing with my parents’ money and then that turned into something else after a while. But, I went to see dad for the down payment, and it was dad who co-signed my first couple mortgages. So I had an easier road through that than a lot of people who don’t have that support.” (10:48)

“Coming from a combat sport/martial arts background, if you want to succeed in that environment, your mindset has to be so clean. And I really went through a ten year development period where I was building my martial arts career. But at the same time you have to build your mind into something very strong.” (19:42)

“Getting to enough has nothing to do with luck in the sense of being cognizant of it. I think that we live in a context that’s always trying to push us for ‘more, more, more.’ So, how did I know what was enough? Well, it was a lot of work. It was a lot of introspection and a lot of mindfulness.” (23:26)

“And so it’s not about the dollar figures. It’s about what network are you gonna build and are you gonna get the specific knowledge that you’re gonna be able to implement in your market. And then the best way of doing that is talking to previous grads of whatever program it is.” (32:40)

Guest Resources

Terrie’s LinkedIn

Terrie’s Website

Terrie’s Facebook

Terrie’s Instagram

Terrie’s Book

The Real Estate Investing Club Podcast

The Mindful Wealth Podcast

Mindful Money Resources

Website - https://mindful.money/

Jonathan DeYoe on LinkedIn - http://linkedin.com/in/jonathandeyoe

Mindful Money on Twitter - https://twitter.com/MindfulMoney_Ed

Mindful Money on Facebook - http://facebook.com/MindfulMoneyPlan

Mindful Money on Instagram - http://instagram.com/mindfulmoneyplan

Mindful Money on YouTube - https://www.youtube.com/c/MindfulMoney

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About the Podcast

Mindful Money
Do you struggle with money? You’re not alone.
Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive. 
The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.
Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.
If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you. 
Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes.

About your host

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Jonathan DeYoe

Jonathan DeYoe is a best-selling author, speaker, financial advisor and angel investor. He is a husband, father and a practicing Buddhist. His simple underlying message brings a welcomed sense of order to financial chaos and restores a calm center to your financial life.