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008 - Building Multiple Million Dollar Companies - Part 2, with PJ Ghadimi [PODCAST]
The economic downturn of the 80s and 90s was bad. And PJ saw it coming…
Exactly HOW he saw it coming demonstrates his insight into the type of things that cause economic domino effect. At the time he was working with a bank and two people approached him about getting them a home loan. The two were Cabbies, and together wanted to purchase a 1.2 million dollar house to flip. PJ knew they shouldn’t be able to purchase a home of that value, but within 15 minutes they were approved for the loan. When he realized that people all over the U.S. were getting similar loans, he knew it would only be a matter of time before things collapsed. Listen in to see how PJ is able to pay attention to these kinds of situations on this episode of Invest Four More.
How does today’s economy compare to the failing economies of the past?
Though PJ Ghadimi accurately predicted the financial collapse of the 1990s, he’s not so quick to make the same prediction in our current economy, though many are saying it will crumble in short order. PJ says the issues are different now, and center mainly around the country’s debt load rather than consumer debt. The systems that are in place are designed to prop up the type things we’re dealing with now and PJ isn’t sure how to gauge whether it will be a long time or short time before things collapse. Listen to hear PJ explain his thinking on current economic conditions.
How exotic cars can be more affordable than owning a Honda
Exotic cars are a passion for PJ Ghadimi and there’s a very interesting story behind why that is. After buying his first exotic car he realized that because of the way rare exotic cars appreciate in value, he’s actually better off owning exotic cars than he is typical consumer-level cars. He makes the disclaimer that you have to be able to support the car once you buy it, in terms of maintenance, but believes that his exotic cars are actually a better investment than any other vehicle he could own. Hear more about PJ’s passion for exotic cars in this episode of Invest Four More.
What is “Secret Entourage?”
As PJ Ghadimi became successful and began rubbing shoulders with other people who were very successful, he came to see that those people were the ones who should be sharing their expertise and knowledge with those coming along behind the, but were often hesitant to do so. Why? Partly out of fear of being judged for having made it big. PJ created his “Secret Entourage” website to highlight those successful people and other in a format and platform where they can honestly share the mindsets, struggles, and opportunities that have lead them to success. You can find out more about Secret Entourage at www.SecretEntourage.com .
Funding programs to help teens in need of business mentoring
The success of PJ’s “Secret Entourage” website has led him to use the profits from it to build into those who need a hand up. He uses the profits from the site to fund his speaking and mentoring engagements aimed toward young people who need the opportunity to learn from high level people, but would otherwise never get the chance. It’s a great way this ultra-successful entrepreneur and business owner is giving back. Hear more of PJ’s story on this episode of Invest Four More.
OUTLINE OF THIS EPISODE
How PJ was able to see the economic downturn coming: a story involving 2 Cabbies and a 1.2 million dollar home.
PJ’s view of current economic conditions in light of those that caused the economic downturn of the 1980 - 1990s.
Exotic cars - PJs interest in them and the cars he owns now.
How PJs exotic car “habit” is more affordable than driving a Honda or Toyota.
The story behind PJ’s “Secret Entourage” website.
How Secret Entourage funds PJ’s mentoring of teens in need..
PJ’s feeling about those who are very successful being responsible to help those who need the help.
LINKS MENTIONED IN THIS GREAT EPISODE
PJ’s site - www.SecretEntourage.com
www.ExoticCarSecrets.com
PJ’s book - Third Circle Theory - http://www.amazon.com/Third-Circle-Theory-Purpose-Observation/dp/0985601337
PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES
TWEETS TO SHARE THIS POWERFUL EPISODE
Align your goals with your willingness to attain them and you’ll #succeed - PJ Ghadimi http://wp.me/p3PPf6-4Yh
How can an #ExoticCar be more economical than a standard car? http://wp.me/p3PPf6-4Yh
#SecretEntourage funds #BusinessMentoring for those in need. Find out more. http://wp.me/p3PPf6-4Yh
Learn from high level business people at #SecretEntourage http://wp.me/p3PPf6-4Yh
#ThirdCircleTheory - PJ Ghadimi’s best selling book http://wp.me/p3PPf6-4Yh
View all episodes
By InvestFourMore
4.8
5353 ratings
The economic downturn of the 80s and 90s was bad. And PJ saw it coming…
Exactly HOW he saw it coming demonstrates his insight into the type of things that cause economic domino effect. At the time he was working with a bank and two people approached him about getting them a home loan. The two were Cabbies, and together wanted to purchase a 1.2 million dollar house to flip. PJ knew they shouldn’t be able to purchase a home of that value, but within 15 minutes they were approved for the loan. When he realized that people all over the U.S. were getting similar loans, he knew it would only be a matter of time before things collapsed. Listen in to see how PJ is able to pay attention to these kinds of situations on this episode of Invest Four More.
How does today’s economy compare to the failing economies of the past?
Though PJ Ghadimi accurately predicted the financial collapse of the 1990s, he’s not so quick to make the same prediction in our current economy, though many are saying it will crumble in short order. PJ says the issues are different now, and center mainly around the country’s debt load rather than consumer debt. The systems that are in place are designed to prop up the type things we’re dealing with now and PJ isn’t sure how to gauge whether it will be a long time or short time before things collapse. Listen to hear PJ explain his thinking on current economic conditions.
How exotic cars can be more affordable than owning a Honda
Exotic cars are a passion for PJ Ghadimi and there’s a very interesting story behind why that is. After buying his first exotic car he realized that because of the way rare exotic cars appreciate in value, he’s actually better off owning exotic cars than he is typical consumer-level cars. He makes the disclaimer that you have to be able to support the car once you buy it, in terms of maintenance, but believes that his exotic cars are actually a better investment than any other vehicle he could own. Hear more about PJ’s passion for exotic cars in this episode of Invest Four More.
What is “Secret Entourage?”
As PJ Ghadimi became successful and began rubbing shoulders with other people who were very successful, he came to see that those people were the ones who should be sharing their expertise and knowledge with those coming along behind the, but were often hesitant to do so. Why? Partly out of fear of being judged for having made it big. PJ created his “Secret Entourage” website to highlight those successful people and other in a format and platform where they can honestly share the mindsets, struggles, and opportunities that have lead them to success. You can find out more about Secret Entourage at www.SecretEntourage.com .
Funding programs to help teens in need of business mentoring
The success of PJ’s “Secret Entourage” website has led him to use the profits from it to build into those who need a hand up. He uses the profits from the site to fund his speaking and mentoring engagements aimed toward young people who need the opportunity to learn from high level people, but would otherwise never get the chance. It’s a great way this ultra-successful entrepreneur and business owner is giving back. Hear more of PJ’s story on this episode of Invest Four More.
OUTLINE OF THIS EPISODE
How PJ was able to see the economic downturn coming: a story involving 2 Cabbies and a 1.2 million dollar home.
PJ’s view of current economic conditions in light of those that caused the economic downturn of the 1980 - 1990s.
Exotic cars - PJs interest in them and the cars he owns now.
How PJs exotic car “habit” is more affordable than driving a Honda or Toyota.
The story behind PJ’s “Secret Entourage” website.
How Secret Entourage funds PJ’s mentoring of teens in need..
PJ’s feeling about those who are very successful being responsible to help those who need the help.
LINKS MENTIONED IN THIS GREAT EPISODE
PJ’s site - www.SecretEntourage.com
www.ExoticCarSecrets.com
PJ’s book - Third Circle Theory - http://www.amazon.com/Third-Circle-Theory-Purpose-Observation/dp/0985601337
PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES
TWEETS TO SHARE THIS POWERFUL EPISODE
Align your goals with your willingness to attain them and you’ll #succeed - PJ Ghadimi http://wp.me/p3PPf6-4Yh
How can an #ExoticCar be more economical than a standard car? http://wp.me/p3PPf6-4Yh
#SecretEntourage funds #BusinessMentoring for those in need. Find out more. http://wp.me/p3PPf6-4Yh
Learn from high level business people at #SecretEntourage http://wp.me/p3PPf6-4Yh
#ThirdCircleTheory - PJ Ghadimi’s best selling book http://wp.me/p3PPf6-4Yh