Dad said Money with No brain forget that.

[Joshua D.]

So me and my dad arent very close and we went out to eat and he just retired from army couple years ago. We got to talking about finances and he told me what he makes which was $175,000 a year out of the army working for the goverment and said he has never made that in army flying helicopters. i moved around every year in high school being in 4 different high schools. Not making excuses but really had no education. Struggled trying to find my way and i think its real estate i started a trend around here with buying properties fast and rehabbing them and renting them below market value. So we were talking about finances and i said i was kind of scared with what im doing but I overthink and i know that i told him ive talked to very good real estate people and a big business accountant thats a real estate investor friend and said what ive done is amazing and would buy all my stuff with what i bought them for. So my dad made the comment to me saying money with no brains forget that. Thats the way i do feel about myself. Hes a pretty hard character and i think i seek his validation. Know this isnt all real estate related. But i think my net worth is good having 11 units. 1 duplex and 9 SFH's. Whats every ones thought on my dad saying money with no brains, forget that!

[Rob Gillespie]

@Joshua D. Congrats on your accomplishments! "Money with no brains" is a broad statement. 

What is the definition of "no brains". Is it lack of  college education? I would challenge any professor at

an ivy league school to step in next month and manage your portfolio and lets see how it goes. 

My kids will come home from school and tell me how "smart" another kid is in the class.  I always tell them that because someone has the capacity to memorize a fact and recite it on a test is NOT inelegance, it is a good memory. 

True Intelligence is the ability to reason and problem solve and I can not think of a better way to showcase your intelligence than managing a bunch of rentals!

My mother is the one that always told me to go into real estate and have a rental, then told me to get a good union job with a retirement plan. I did EXACTLY what she said, graduated  high school and got a great union job making 50k per year with full benefits and  a retirement plan.  When I took my real estate to a new level and QUIT MY UNION JOB, she cried! To this day I have done more than 1,000 real estate deals and my mom will still tell me about other family members and how great they are doing because they got  a promotion at work or worked a bunch of overtime and made 90 grand that year and NEVER recognizes what I do or what I have accomplished. 

My point is, I do a nice job at not valuing the opinion of others, I am on my own journey and if you are with me then great! If you have negative things to say toward me or are not supportive, I simply do not validate your opinion. I may like or love you, but could care less of your opinion. LOL

The A students work for the C students

The C students own the company and rent their space from the D student. 

With all of that said, I am sending my kids to college, but they are expected to have a plan going in! It is a means to an end, graduating college is not the end goal. 

Ok, I will get off of the psychiatrist couch now! LOL