MB 107: The 3 Spiritual Lessons That Changed My Life - With Michael Blank

At the heart of every successful entrepreneur is a deep sense of spirituality. There is strength in developing a relationship with the higher power, and you must get your ‘being’ right before you can do something truly meaningful.

I recently saw Robert Kiyosaki speak on The Real Estate Guys cruise, and his talk reminded me of the connection between my success as an entrepreneur and my faith. Today, I’m sharing the three spiritual lessons that changed my life and brought me to the work I do now, teaching others to raise money and achieve financial freedom through apartment building investing.

I start by sharing my early success with the software startup webMETHODS, explaining how that experience created the illusion that I was in control of my own destiny. Then I describe the challenges I have faced as an entrepreneur and the three lessons I learned around giving up control, finding peace regardless of the circumstances, and shifting to a mindset of giving. Listen in for insight on the relationship between success and spirituality and learn to step out in faith—and realize an incredibly fulfilling life!

Key Takeaways

The concept of Be Do Have

• Must get ‘being’ right before accomplish something of meaning
• Involves character, relationship with God

My early success in tech

• Joined webMETHODS software startup in 1997
• Company had most successful IPO in history

Spiritual Lesson #1: You are not in control

• Left job in 2005 to pursue passive income
• Bought three restaurants, losing money
• Realized couldn’t control outcome despite best efforts
• Surrendered control and sales increased by $4K in four weeks

Spiritual Lesson #2: Find peace regardless of the circumstances

• First apartment deal in 2011
• ‘Professional tenant’ sued in housing court every six weeks
• Attorney fees, fines and no rent coming in
• Found sense of peace and tenant dropped all charges

Spiritual Lesson #3: Shift to a mindset of giving

• Profit margins on restaurants shrinking in 2013
• Had to let VP go, running pizzerias myself
• Losing $10K/week, all money deployed
• Spent time reflecting on when felt most alive
• Idea to start online business teaching multifamily
• Motivation to help others brought success

The relationship between success and spirituality

• Relationship with God provides strength
• Great things happen when step out in faith

Resources

The Real Estate Guys Events

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki

Damion Lupo on Apartment Building Investing

The Untethered Soul: The Journey Beyond Yourself by Michael A. Singer

Uganda Counseling and Support Services

Financial Freedom Summit

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Michael’s Course

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building

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