Jim Rohn said you become the average of the five people you spend the most time with. Twenty years ago, when Flip and Danny bought a fourplex and rented out three units, seeing them do it made rental property ownership feel normal instead of scary.
You are the average of the five people that you spend the most time with. Take your five closest friends. Take their morals and values. They're probably pretty close to your morals and values. Take their formal educational attainment level. Take the way that they dress. Take the time that they go to bed at night. If you average the five, that's about how you are. If you want to change yourself, change your five. Just a great quote from the legendary business philosopher Jim Rohn. But I had found that two of my five closest friends about 20 years ago, Flip and Danny, what they had done is they made their first ever home, first ever property of any kind, a fourplex building where they lived in one unit and rented out the other three. So because this is two of my five, it sort of took on this context of normalcy. To me, it didn't seem scary.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
