My 4 Takeaways from the Max Maxwell Podcast

First I want to say a huge THANK YOU to Max for allowing me to come on his podcast recently. I have watched a ton of his content and it was truly an honor to participate.

For those of you that do not know, Max Maxwell is a PROLIFIC real estate wholesaler and entrepreneur. In only a few years he has built an impressive real estate investment empire as well as a massive brand. I will tell you that I have met a ton of investors and I pride myself on being able to tell who is legit and who is a pretender. I can tell you without a shadow of a doubt that Max Maxwell is the real deal!

Now that I have had a few days to wrap my head around my time with Max, I wanted to share some notes as I think they may be helpful regardless of where you are on your investing journey.

1. Stay Humble

It is pretty common for individuals to become very different as they become successful. I have witnessed a number of fellow investors turn into jerks over the last few years as their businesses have thrived. However, the most successful investors/entrepreneurs tend to stay humble. They understand that there are a lot of factors that go into being a success long term, and one of those is to treat people well. They understand that business is all about relationships.

Simply put, Max is on a different level than I am financially, he is a legit boss. Even with that reality, he was very gracious with his time before and after the show. I am passionate about sharing financial knowledge through “The Lousy Investor” and he was willing to give me a number of tips to help this blog gain traction. He was a class act.

2. Build a QUALITY Team Around You

Max has compiled a phenomenal team to support his efforts. He is obviously a driven guy, but no one can do it all alone. I was particularly impressed with how tight the communication and teamwork was throughout the entire process. It was very evident that everyone cared deeply about their work but that they all had very defined roles. I am not sure if Max has gone through a ton of iterations to find the rock stars that he currently employs but you could tell that everyone “got it”. They were precise in their communication with me; no one was going on a 10–minute soliloquy so that I would think they were running the show. I thoroughly enjoyed spending the afternoon at the office. It was an inspiring place where you could tell things were happening, but it was also a fun vibe at the same time.

3. Keep Learning

If I am ever able to create the type of revenue that Max and his companies are creating, I cannot promise you that I will stay motivated to continue to learn about new investing concepts. I might turn into a lazy slug, but maybe that is precisely why I am not on that level, Max must just be wired differently. Max asked me to be on his podcast to discuss Self-Directed IRA’s/401(k)’s, so that his audience could learn about the concept.

Self-Directed retirement accounts are fantastic vehicles to build wealth through investing in rental properties, fix and flips, hard money loans, wholesale deals, essentially all of the strategies that you may be using currently in your personal name or LLC. Max realizes that making money is phenomenal but it is also important to be tax efficient which is precisely what Self-Directed IRA’s are all about. When you create a massive brand as Max Maxwell has, you can simply invite topic experts to come to your office to educate you. He mentioned after the podcast that he might listen to a new Drake song but he is pretty much fully immersed all of the time in learning and growing. I find that to be a common trait amongst the most successful people that I meet.

4. Have a Vision

I was shocked to learn that Max has only been on Youtube for 20 months, considering he has such a large following. You always hear that it takes years and years to create traction and build an audience. Max said that from the very beginning he had a vision for sharing this information and where he wanted to go with the project and I believe that clarity has shortened his learning curve substantially.

The flip side of that is to make sure that you do not get “analysis paralysis”. In real estate investing I find that some people want everything in the world and their life to be perfect before they make that first offer on a property. Unfortunately that day will never come. I believe it is best to have a general plan of action and take that first step forward.

Final Thoughts

I’m sure that it is quite obvious that I was very impressed with Max Maxwell and his entire team. I have no doubt that Max will continue to be incredibly successful and I can imagine that he will continue to expand as time goes on. I tip my cap to everyone, like Max, who are truly trying to help others become successful.

It was a tremendous experience being on the Max Maxwell podcast. If you are interested in the discussion, click here to watch.

Have you ever heard of a Self-Directed IRA? What is your favorite strategy for investing your IRA or 401(k)?

For more information, please go to The Lousy Investor.