If you ask people at the end of their lives to reflect on their regrets, no one ever mentions money or work. Instead, their focus tends toward the relationships they neglected. So, when Ken McElroy realized he only had one shot at having a great rapport with his kids, he got serious about designing a life of balance that allows him to grow a successful real estate business AND be fully present with his family.
Ken has 20-plus years of experience in real estate investment analysis, property management, acquisitions and property development. Ken serves as an advisor to Robert Kiyosaki of The Rich Dad Company, and he is the author of the bestselling books The ABCs of Real Estate Investing, The ABCs of Property Management, and The Sleeping Giant. An advocate for entrepreneurs and real estate investors, Ken makes regular media appearances and speaks at top industry events all over the world. He is also the host of Entrepreneur magazine’s Real Estate Radio program.
Today, Ken joins me to share his insight around work-life balance, explaining why he takes time away to work ON the business and connect with his family. He describes how his definition of success has changed over time and how the decision to prioritize relationships translates to his business. Listen in to understand Ken’s take on limiting beliefs and learn how he approaches life with a commitment to being self-aware and fully present.
Ken McElroy – Key Takeaways
Why Ken spends 3 months in Idaho every summer
- Think clearer, bring back new ideas
- Time to work ON business
Ken’s insight on work-life balance
- Up at 5am to work for 4 hours
- Fully present with kids rest of day
- ‘Space allows’
Ken’s transition from employment to entrepreneurship
- Hard leap to rely on self
- First job in property management
- Start with one rental as side project
Ken’s goals around financial freedom
- Initial goal to be own boss, cover expenses
- Scale business as expenses increase
How Ken’s definition of success has changed over time
- From ‘job’ to ‘good job I really enjoy’
- Focus on money in 30’s (millionaire)
- Now relationships with family, kids
Ken’s decision to focus on family and relationships
- Sought mentor for support (Charlie Dunlap)
- Money, work not on list of top regrets
How Ken’s shift in priorities translates to his business
- Create better environment for employees
- Seminars dedicated to personal growth
Why Ken sees BE as the most important aspect of Be-Do-Have
- Work on inside, outside changes
- Focus on people changed company
Ken’s take on limiting beliefs
- Where come from shapes belief system
- Value in considering other’s opinions
How to work through limiting beliefs
- Awareness is key
- Present as ‘observer’
What gets Ken out of bed in the morning
- Sense of purpose
- Desire to contribute
Ken’s view of spirituality
- Likes ‘no rules’
- Just about love
Connect with Ken
Resources
Win a Signed Copy of Ken’s Book
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
Awareness by Anthony DeMello
The Untethered Soul: The Journey Beyond Yourself by Michael A. Singer
The Power of Now: A Guide to Spiritual Enlightenment by Eckhart Tolle
Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank
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