In this episode, Aaron Gordon talks with financial sector professional Frank Saraco about the unpredictable nature of career paths and financial decisions. Saraco reflects on his early success in the mortgage industry and the abrupt downturn that forced him to pivot and rebuild his career. He openly discusses regrets, such as not investing in rising opportunities like Bitcoin or restarting his mortgage career in retail sooner. With insights into market dynamics, Saraco also shares his views on the current housing market, interest rates, and broader economic challenges. The conversation delves into maintaining a balanced mindset, valuing integrity over profit, and learning from failures, using motivational stories such as Kobe Bryant's positive mindset after missing a game-winning shot. The episode underscores the importance of resilience and continuous effort in the face of setbacks.

Get To Know Frank Saraco

Frank Saraco serves as the Branch Manager at Cross Country Mortgage and is an Executive Board Member of The Collab Project. With extensive knowledge of the mortgage industry, he provides personalized service and guidance to help clients navigate the changing market and financing options. 

Committed to exceeding client expectations, Frank offers a variety of loan programs and decision-making tools on his website. He is always reachable via phone, text, or email, ensuring expert support is readily available. Trust Frank Saraco as your dedicated partner in achieving homeownership.

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3 Episode Key Takeaways 1. Financial Foresight: Frank Saraco's reflections on his past financial decisions emphasize the value of investing wisely instead of spending impulsively. His hindsight on the missed opportunities like Bitcoin serves as a reminder that foresight and strategic investment are crucial in building lasting wealth and stability.

2. Pivoting Successfully: Frank Saraco's career transition from the mortgage industry to sectors like private equity and insurance highlights the importance of adaptability. His experience underlines that when faced with industry decline, pivoting and starting fresh in a new field can lead to significant growth and new opportunities.

3. Learning from Setbacks: Influenced by Kobe Bryant's mindset, Frank Saraco stresses the importance of viewing failures as learning experiences. Staying positive and resilient can transform setbacks into stepping stones for improvement, reinforcing the significance of perseverance and continuous effort in achieving long-term success.

Show Overview:

01:23  Economic crash taught Frank resilience and planning.

09:52  Mortgage industry was traumatic due to cycles.

11:07  Industries reform, causing adjustment to new norms.

16:15  Modern trend: mortgage-free inheritance decreasing in America.

16:51  Homes become generational assets due to debt.

20:04  Business integrity matters above financial losses.

23:13  Joe Rogan: Failure is good, stay motivated.