Knowledge comes first, then skills, then network. You need all three to access resources. In real estate investing, early access to creative financing depends on having built your network through demonstrated skill.
Once you pour enough into a bucket that has enough knowledge, now you can start pouring into the second bucket, which is your skills. So you have to have the knowledge in order to produce the skills. And then once you have those skills, then you become valuable enough to have a network because then people come to you for certain things. You then get a specialty or you then contribute to a group of people known as a network where you provide them value and then others provide you value as well. So then that's our third bucket. We then pour into our network because we have the skill sets and the knowledge to then contribute. Now, once we contribute, then we tend to have access to resources. This is important because in our world, in real estate investing, if you're not doing creative financing, you typically have to have access to resources day one while you are trying to produce the knowledge and the skill sets.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
