I Love Mortgage Brokering

593: 3 Steps To Kill Your Mortgage Biz (Hint: Do the Opposite)


Listen Later

Want to guarantee you kill your mortgage business? Simply follow this 3-step plan.

 

In this short 10-minute podcast, Scott shares a tactic you can apply to your mortgage business today.

 

This idea comes from Charlie Munger. To solve a problem, Charlie suggests inverting it:

 

  1. Don’t have a daily prospecting plan.
  • Don’t have any processes or checklists. 
  • Assume no one can do the job as well as you.
  •  

    Follow me on Instagram 

    I Love Mortgage Brokering: www.ilovemortgagebrokering.com

    Find out more about BRX Mortgage: www.whybrx.com

     

    I Love Mortgage Brokering is brought to you by Finmo. 

    To learn more, visit: www.finmo.ca/ilmb



    Hey, it's Scott Peckford, and in this episode of the "I Love Mortgage Brokering" podcast, I'm flipping the script to help you avoid business failure. Inspired by Charlie Munger’s concept of inversion, I’m diving into the three surefire ways to kill your mortgage business—so you know exactly what not to do. Whether you're just starting out or a seasoned pro, these fatal habits can ruin any business. But don't worry, once you know what to avoid, you'll have the keys to not just survive but thrive in today's challenging market.



    Here are the talking points we covered:

     

    • Examples of effective daily prospecting activities.
  • The importance of having written processes and checklists.
  • How inconsistency in handling deals can erode client trust and referrals.
  • The "hamburger stand" analogy—consistency is key for repeat business.
  • The toxic mindset of thinking you’re the only one who can handle tasks perfectly.
  • The consequences of not delegating and scaling your business.
  • Dan Martell’s 80% rule: Why letting others do tasks (even if not perfectly) is essential for growth.
  • ...more
    View all episodesView all episodes
    Download on the App Store

    I Love Mortgage BrokeringBy I Love Mortgage Brokering

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    13 ratings


    More shows like I Love Mortgage Brokering

    View all
    The Tom Ferry Podcast Experience by Tom Ferry

    The Tom Ferry Podcast Experience

    1,125 Listeners

    Build Wealth Canada Podcast by Kornel Szrejber: Investor

    Build Wealth Canada Podcast

    15 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    575 Listeners

    The Mortgage Game by Ryan Wiley

    The Mortgage Game

    4 Listeners

    The Prof G Pod with Scott Galloway by Vox Media Podcast Network

    The Prof G Pod with Scott Galloway

    5,477 Listeners

    The Canadian Investor by Braden Dennis & Simon Belanger

    The Canadian Investor

    78 Listeners

    Be The Better Broker by Dustan Woodhouse

    Be The Better Broker

    3 Listeners

    TLDR by Devin Friedman, Sarah Rieger, Matthew Karasz

    TLDR

    26 Listeners

    Angry Mortgage by Ron Butler

    Angry Mortgage

    12 Listeners

    The Canadian Real Estate Investor by Daniel Foch & Nick Hill

    The Canadian Real Estate Investor

    30 Listeners

    The Loonie Hour by Steve Saretsky

    The Loonie Hour

    12 Listeners

    Commission Breath | For Mortgage Brokers & Loan Officers by Brandon Love & Tom Moffat

    Commission Breath | For Mortgage Brokers & Loan Officers

    1 Listeners

    Mortgage Tech Talks by Tom Hall

    Mortgage Tech Talks

    0 Listeners

    The Mortgage Broker Podcast by A Better Way Mortgage Group

    The Mortgage Broker Podcast

    0 Listeners

    The Wealthy Barber Podcast by The Wealthy Barber Inc.

    The Wealthy Barber Podcast

    60 Listeners