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In this episode at Ed Mylett's home, they discuss Ed's passion for real estate and investing in trophy properties.
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Ed's financial approach involves avoiding personal debt but being open to reasonable business debt.
They delve into parenting with wealth and emphasize instilling grit in their children and showing the value of hard work. Ed deeply prefers working during vacations, feeling unproductive otherwise.
Both Ed and Ryan’s humble upbringings make them appreciate their financial success. Ed emphasizes that achieving your dreams can make countless micro-dreams come true for others, often people you haven't met yet.
Ed and Ryan stress the importance of aligning emotions and intentions with goals. They talk about overcoming doubts and working on self-belief. Ryan's pursuit of being the best at what he does aligns with Ed's philosophy of pursuing emotions tied to accomplishments.
They discuss faith and the role it plays in their lives. Ed believes that faith and hard work are essential for success.
Ed reflects on his father's passing, realizing the significance of what one leaves behind. He's proud to have changed his family's financial trajectory.
Ed's unexpected success in the insurance business highlights the potential of unlikely opportunities.
They touch on dealing with mistakes, the importance of intention, and recognizing legitimate financial advisors through their lifestyle.
Ed emphasizes the power of intention in personal growth and success. They discuss business expansion, recommending focusing on one business until it's lucrative before branching out.
As entrepreneurs mature, they find value in building meaningful relationships rather than competing aggressively with others.
Looking ahead, Ed wants to be at the forefront of change and sees entrepreneurs as a force for good in the world, aiming to contribute to humanity's peak performance.