MB291: From Homeless Addict to Successful Investor – With Rob Rowsell
While most of us resist setbacks and struggles, both are crucial to our growth. In fact, the most successful investors are those who respond to failure with resilience. Who pick themselves up, dust themselves off and take the next step of uncomfortable action toward their dreams.
Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.
On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset you need to take action, grow through the challenges and achieve financial freedom as a multifamily investor!
Key TakeawaysRob’s struggle with addiction
- Hooked on meth and crack cocaine
- Homeless and unemployable
What inspired Rob’s decision to change
- Realized on path to death or prison
- Pain to stay same > pain to change
How Rob got back into society
- Choose new people, places and things
- Willing to take uncomfortable action
Why aspiring investors don’t take action
- Biggest hurdle = previous successes
- Lack big enough WHY
How Rob uses visualization to reach his goals
- Write out as if already accomplished
- Read over to instill yearning, belief
The traits of a successful entrepreneur
- Build momentum via stacked action
- Willing to act despite uncertainty
- Grow through catastrophic failure
How Rob used knowledge to build momentum
- Ziglar taught potential to succeed
- Saved to buy Carleton Sheets course
How Rob got into real estate
- Bought auto repair shops no $ down
- Used hard money for first few SFHs
How Rob grew a 1K-unit multifamily portfolio
- Start with SFH buy-and-hold strategy
- Flip SFHs into small multifamily
- Reinvest profits in larger multifamily
Connect with Rob Rowsell Resources
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