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Patrick Donley talks with @seanodowd about why he thinks there is a better way to build wealth through starting a business and using the profits to buy real estate investments. They also discuss how buying a diamond engagement ring provided the impetus for Sean to start his one-man consulting shop, how he grew this side hustle into a business that nets $500,000 per year, and a unique strategy he has developed to plow 90% of his profits into building a real estate portfolio.
Sean graduated from the University of Pennsylvania’s Wharton School and worked at Boston Consulting Group. He left behind this traditional path to success to take a bet on himself, built a one-man consulting shop, and dumped all of his profits into real estate.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:04:15 - What he learned working for one of the top consulting firms in the country
00:08:26 - How buying a diamond engagement ring provided the impetus to start a consulting side hustle
00:12:18 - Why picking the right partner in life is so important
00:14:58 - How he grew his side hustle into a one-man consulting shop that nets $500,000 per year
00:29:34 - Why his first real estate investments didn’t pan out
00:50:16 - What his current real estate strategy is that has proven much more profitable
00:54:18 - Why he thinks house hacking is a terrible idea
🎧 Listen to our episodes here: [ Ссылка ]
🖊️ Access our free show notes and transcript here: [ Ссылка ]
📖 BOOKS MENTIONED:
- The Everything Guide to House Hacking by Robert Leonard: [ Ссылка ]
- Hero of the Empire by Candice Millard: [ Ссылка ]
- But What If We’re Wrong? by Chuck Klosterman: [ Ссылка ]
- How to Get Rich by Felix Dennis: [ Ссылка ]
- Give and Take by Adam Grant: [ Ссылка ]
- Richer, Wiser, Happier by William Green: [ Ссылка ]
- Atomic Habits by James Clear: [ Ссылка ]
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
💡 OTHER RESOURCES
- Connect with Sean: [ Ссылка ]
- Connect with Patrick: [ Ссылка ]
- Check out Sean’s Website: [ Ссылка ]
- Check out Upwork: [ Ссылка ]
- Check out Catalant: [ Ссылка ]
- Check out Hemlane: [ Ссылка ]
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: [ Ссылка ]
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LISTEN OR WATCH 🎧 OTHER SHOWS FROM OUR NETWORK:
📚 Dive into value investing and learn more about billionaires on We Study Billionaires: [ Ссылка ]
🏆 Learn from high-profile guests on how to succeed in markets and life on Richer, Wiser, Happier: [ Ссылка ]
💸 Get introduced to the world of investing and business on Millennial Investing: [ Ссылка ]
₿ Get updated on all things Bitcoin on Bitcoin Fundamentals: [ Ссылка ]
💰 Learn everything you need to know about investing on The Investor’s Podcast Network: [ Ссылка ]
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WHO I AM:
I’m Patrick Donley, founder and managing director of The Wexford Group, a real estate 🏘️redevelopment company based in Columbus, Ohio. I’ve lived and worked abroad and had a wide variety of adventures including studying economics in Luxembourg, writing for a business newspaper 📰in Vietnam, attempting to learn Spanish 🇪🇸 in Columbia, and biking 🚲across America to raise money for Habitat for Humanity. I can usually be found listening to podcasts 🎧, enjoying time with family and friends 👪, or attempting to hone my golf game ⛳.
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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
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