Financial Freedom with Real Estate Investing

MB485: The Real Reason You’re Not Scaling — The Psychology of Impossible Goals - With Dr. Benjamin Hardy


Listen Later

If you’re trying to scale your real estate business and still asking “How do I do this?”, you’re already falling behind. In this episode, Dr. Benjamin Hardy, author of 10X Is Easier Than 2X and The Science of Scaling, explains why success in multifamily hinges on shifting from "how" to "who." Michael and Ben dig into why most investors get stuck on the wrong path, and how committing to a bold vision — even without knowing the entire roadmap — is the real starting point. This episode is a must-listen for six-figure earners stuck in the single-family grind, trying to leap into commercial real estate and financial freedom.

Key Takeaways

1. Why Your 10-Year Plan Is Holding You Back

  • Most investors set conservative goals based on their current capacity.
  • A 10-year retirement plan with single-family homes isn't just slow — it’s likely broken.
  • Reframe your goal: what would it take to become financially free in 12 months?
  • When the timeframe compresses, the current strategy breaks — and that’s the point.

2. The "Who Not How" Principle for Real Estate Scaling

  • Multifamily investing isn’t about doing more — it’s about doing different.
  • Instead of figuring out every step, ask “Who already knows how to do this?”
  • The right team — mentors, capital partners, deal finders — collapses the learning curve.
  • Syndication is the ultimate “who not how” structure: it’s a team sport.

3. The Psychology of Commitment and Belief

  • You won’t pursue what you don’t believe is possible.
  • Small “micro-commitments” — like booking a strategy call or analyzing your first deal — build belief.
  • Commit to the outcome (financial freedom), not the tactic (buying rentals).
  • Reverse-engineering from your end goal leads to radically different decisions.

4. Letting Go of the Path That Got You Here

  • Your current strategy won’t get you to your next level.
  • If you're clinging to rentals, flips, or even a high-paying job — you're on the wrong path.
  • Letting go feels like quitting — but it's often the gateway to real progress.
  • Ask: “What’s the opportunity cost of staying stuck?”

5. Dr. Hardy’s Framework from The Science of Scaling

  • Identify your "floor" — the level where you're currently stuck — and why it's limiting.
  • The most successful entrepreneurs redesign their systems, teams, and mindsets to scale.
  • Scaling isn’t just a process — it’s a mindset of focusing on fewer things, done better.

6. Multifamily as the Ideal Vehicle for Scaling

  • Single-family strategies are too slow, too small, and too dependent on your time.
  • Multifamily offers higher leverage, scalable income, and team-based execution.
  • The joint venture nature of syndication makes scaling practical, even if you’re starting out.
  • The ability to raise money or partner with operators creates fast pathways to GP status.

Connect with Dr. Benjamin Hardy

Get your free copy of the Science of Scaling audiobook 

https://scaling.com/ 

Connect with Michael

Facebook

Instagram

YouTube

TikTok

Resources

TheFreedomPodcast.com 

Access the #1 FREE Apartment Investing Course (Apartments 101)

Schedule a Free Strategy Session with Michael's Team of Advisors

Explore Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Review the Podcast on Apple Podcasts

Syndicated Deal Analyzer

Get the Book, Financial Freedom with Real Estate Investing by Michael Blank 

For full episode show notes visit: https://themichaelblank.com/podcasts/session485/

...more
View all episodesView all episodes
Download on the App Store

Financial Freedom with Real Estate InvestingBy Michael Blank

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

573 ratings


More shows like Financial Freedom with Real Estate Investing

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,768 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

710 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

991 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

829 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

973 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,402 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

417 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

419 Listeners

Real Estate Investing with Coach Carson by Chad Coach Carson

Real Estate Investing with Coach Carson

613 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

721 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,839 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

329 Listeners

On The Market by BiggerPockets

On The Market

899 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

837 Listeners

The David Greene Show by David Greene

The David Greene Show

694 Listeners