It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life). Right? Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. . And you know, continue to love Bigger Pockets and love how its impacting peoples lives. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Accept the New Rules of Life or Suffer in Misery. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. Josh Dorkin: Yeah, yeah, I think for me, the book, The One Thing by Gary Keller and Jay Papasan, was one of the most impactful in just, you know, helping me kind of break things down. As I sat there trying to relax, things didnt improve and I knew I needed to go in. Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. } !1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. From a life experience, it sounds like youre doing the same thing. And I had spent so long not taking vacations, not taking days off, I worked eight years without a single day off, which is incredibly stupid. So, the operating manual was, how do I go from unhappy to happy, and that was, it became not just like a. question, but it became a significant force within my life, whether its about you know, journaling about it, contemplating it, talking about it out loud, and making decisions around it. Then I got a little nauseous and dizzy with a very minor headache. The Local newsletter is your free, daily guide to life in Colorado. Lets just do it. Thank you for the stories and the insights and the tips. Oh, and were living on a rock in the middle of the ocean during a pandemic, which means that getting your hands on materials that arent here in Maui, is a game of patience. . And but yeah, thats what Ive been up to. It became more than a website - it became a brand and an ideal. I learned that the sudden eye blur thing could be a sign of a stroke, but I believed it needed to come along with other symptoms. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. Highly recommended!" Nat Borchers, retired pro athlete, But I look at the cycle as a multi stage cycle. Ill argue that all of that stuff is bullshit. It is big enough that youre not doing everything, but small enough that you can still get your hands dirty when you want. The impact of the site, the podcasts, the dozens of books, the videos cant be measured in KPIs alone, but must be measured by lives changed for the better.As a result, BiggerPockets helped transform an industry. I take care of myself. And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. Julie was in California and I was home alone with the girls. I didnt take calls. And I did it without freaking out or getting stressed because doing so doesnt help. The site became so successful that in 2013, BiggerPockets, which had been a one-man show, began hiring employees to support a bevy of new products. Lets do it. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. Thanks, Josh. A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe. Oct 2004 - Nov 201814 years 2 months. +(((Bp3G' $('4 )GNh!NA< I really enjoyed the conversation. Josh Dorkin Bootstrapped BiggerPockets to a Big Exit October 13, 2020 00:00:00 Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. Today, BiggerPockets boasts more than 725,000 members, produces the top-rated real estate podcast on iTunes, and last year raked in $7 million in revenue through advertising, premium memberships, and partnerships with companies like credit-rating agency TransUnion. We all KNOW what we need to do, but more often than not we let our fear of the unkno. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Star Wars: The High Republic: Light of the Jedi. Star Wars: Thrawn Trilogy Not a magic formula. Josh Dorkin: So it must have been 07 maybe that that we connected and you and I were talking about, you know, you were thinking about buying different companies, and we were just chatting about that, and that didnt go well for me. Dan Daugherty: Well said. And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. These facts can either break you or teach you that you simply have no control of things beyond yourself. The company, by the way, is the largest real estate investing media company and community out there. Josh Dorkin and Brandon Turnerlongtime hosts of the worlds #1 real estate podcast, The BiggerPockets Podcastgive you an insiders look at the many different niches and strategies that exist. In my case, the two things most searched are my net worth and why I left BiggerPockets. Dan Daugherty: And you have that almost daily and you have to have that type of growth mindset. 95 0 obj <> endobj 100 0 obj <>/Filter/FlateDecode/ID[]/Index[95 7]/Info 94 0 R/Length 36/Prev 376417/Root 96 0 R/Size 102/Type/XRef/W[1 2 0]>>stream Wed launched the publishing business, I mean, you know, the company grew and grew, he will allowed me to think about the business from a holistic standpoint, strategic, and over time, we grew, we scaled, we hired dozens of people. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. Fast forward to yesterday, I had some of those symptoms. Yeah. Quotes "I believe 100% in putting all my eggs in one basket. If thats the case, figure out what you need to do to change and the big challenge I think most people have is thats so big and tenuous, like, what do I do? %PDF-1.6 % You know, part of my job and one of the things that I pressed upon my staff was, you know, if youre not spending significant time every day learning, youre not going to grow, youre not going to get better, youre not going to be competitive with other people across your area of expertise. Mind you, in order to survive in business, the pivot is one of your most powerful tools. serendipitous mindset, but you also need to understand who you are. Choosing a selection results in a full page refresh. It's time to start doing And this book will show you exactly where to start! Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . Our friend had come over to help out and I was going to rest while she watched the girls. They really wanted to take me, but without Julie around, I worried about the girls, and passed the initial neurological tests, so I decided to play it by ear. And its not healthy for any of us, it really is not. What are the things that I need to do to be better within all these personal domains? As you know, Im like a scrawny dude. I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. 1675 Larimer St. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. Everything came back clear and they released me. So give me give me the motivation and Ill get out there and do it. And that had to stop too. He was wrong. doesn't own much property. And, you know, the issue I had with those, which led me to founding Bigger Pockets was I, you know, I didnt like the idea of getting caught up in this funnel where, you know, its like, hey, come to our free course, and the free course is just an ad for a free boot camp, you know, some kind of boot camp, which is an ad for a course, which is an ad for, you know, training, and, you know, by the time youre done, and you look up, youve just spent $50, $75,000, to train with some, you know, self-anointed guru and, you know, youve got nothing to show for it a lot, you know, high failure rates and things like that. They have grown to be one of the largest and most reputable real estate community on the Internet with a forum that has over 900,000 posts! Joshua Dorkin, Brandon Turner. And so what I tell my friends and just people that you know if I ever am speaking is, you know, you got to take care of your first, yourself first. All that really matters is our families, our health, and our happiness. Why do you write like youre running out of time?Write day and night like youre running out of time?Evry day you fight, like youre running out of time. So, you know, the decision was, do I raise money? Well, the reality is, we are all running out of time. Whether its in business, you know, I want to be a better CEO, I want to learn how to become a CEO, so I went and read lots of books on it. Fear of change or of taking risks by changing course has sunk far too many businesses. The book teaches readers how to limit spending while increasing income by using techniques like house hacking: buying a multifamily property, such as a duplex, and living in one unit while renting out the other(s). I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. And I guess, you know, if you dont mind me throwing this in there, you know, if you raised money, or if you bootstrap, you know, its fighting for exit is, I think, one way to run a business, I think the other way to run a business is fighting to create an amazing business. A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe. Star Wars: Thrawn. And so, you know, its a serious decision to raise money or not to raise money. I didnt have a co-founder, I didnt have any partners. Copyright 2019 Joshua Dorkin. I immediately stepped back from the day to day at work and handed charge to my number two at the time, Scott Trench in coordination with Brandon. Josh Dorkin: So you know, weve always wanted to come to Hawaii. After coming up short, Joshua decided to take matters into his own hands and start his own website. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. Rethinking my decision to leave Wordpress. But time and life experience has taught me that doing so only makes my health, relationships, and happiness far worse. It wasnt simple enough, and we, you know, we realized that I was doing everything, which I was, I was doing the job of, you know, 17 different people. Many of you already know my story, but it is always a privilege to have the opportunity to share it with other entrepreneurs in person, at events, and of course, via podcast conversations. Josh Dorkin: Well, if you put it that way, it sounds pretty good. But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. I realized that over the past fourteen years as CEO and sole founder of BiggerPockets, I sought out success, fame, fortune and accolades, as most people do, but despite achieving all of those things, I just wasnt fully happy. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. I cant really describe in words what everything looked like, but it didnt feel right. And that ended up it was probably like eight years of grind, that is not healthy at all. Youre operationalizing your life and that has allowed you to kind of be more open. I was already working 40 hours a week at least on Bigger Pockets in those first two years. Where are you spending all of your money? I mean, nights, weekends, you name it, seven days a week. I could still make things out, but barely. Thanks. Separating the job from the company took a lot of time for me to do, but the realization set me on a path to where I am today. My excitement for the company and brand never waned, but I really stopped loving going in to work, but didnt know it. Theres so much. Second phase was when I took it serious, quit my job and really spent all my time on it. Its unlikely. https://www.biggerpockets.com/show421Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. 1065 episodes totalling 1002 hours, 17 minutes. And so you can freak out and flip out, or you can say, all right, you know, what, they made this tweak, what could we do better? I remember the exact phone call that I made to the two of them to tell them what was going on.