How to Monetize Your Skills Into Different Revenue Streams with Mike Hambright

Mike Hambright has been able to parlay a successful real estate investing career into multiple 7 figure businesses and/or revenue streams, all based around providing value to others. Mike has produced over 1500 podcasts and has created a massive impact on the real estate industry by coaching, mentoring, and serving thousands of people all over the country for well over a decade.

In this episode, Steve interviews Mike about getting started as an entrepreneur as a "Corporate World Refugee" during the Great Recession of 2008. After being the first person in his entire extended family to graduate from college, Mike went on to earn more degrees and land what he thought were great jobs in the corporate world - only to have the rug yanked out from under him, leaving him with no choice but to make his own way as an entrepreneur.

Key Takeaways:

• The beginning: Mike’s gig of Special Assistant to The President of a $5B company
• How Mike’s thinking of “is this all there is” pushed him back to school to get his MBA
• Dove headfirst into real estate investing during the crash of 2008 

 Lean into what you can control 

• The importance of learning transferable skills (in-demand skills are always changing)
• How to take your skills and monetize them in a different way
• How Mike’s coaching led him to start the Investor Fuel Mastermind 
• Running a coaching business
• Evolving your life to do more of what you want to do vs. what you have to do
• The balance between focusing on a few things and spreading yourself too thin
• How to empower your team to enable them to be part of the business conversation (This frees up your time for innovation) 
• Passive investing vs. active investing 
• Creating a business that allows you to live your life the way you want
• The different revenue sources Mike has built around real estate investing 
• The reasons Mike shut down his coaching business

I’d rather reallocate my resources to those businesses that bring me joy

Rapid Fire Round

What Are You Afraid Of? 

Looking back and feeling that he was insignificant, as he wants to make a difference in people's lives

An Absolute Truth that Turned Out Not to Be

That cheap is not always better; you have to think of some things as an investment, not an expense.

What I Wish I Knew When I Started in Business:

The power of collaboration and sharing ideas 

What I’m Excited About

The ability to impact people in a positive way

What is Your Legacy

Being proud of what he has built 

Get In Touch with Mike

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