Real Estate Investing Science of Success & Mastering Self Storage with Michael Wagner
In this episode,Michael Wagner talks about the science of success, not just in self storage, but in life. Michael shares how he was able to become successful in the self-storage space by taking advantage of his brand marketing and knowledge training company, the Storage Rebellion and how we can apply the principles of success in our everyday life.
[00:01 – 08:30] Unlocking Extraordinary Lives Through Self-Storage Investing
- Michael Wagner shares about his background and how he got in to self-storage
- The Storage Rebellion teaches people how to invest in self-storage
- The fastest way to achieve storage success and an extraordinary life is through a parallel pursuit of both
[08:31 – 15:18] Cultivating Unwavering Faith in Yourself to Achieve Your Goals
- Defining success for yourself and reverse engineering a plan to get there
- Unwavering faith in yourself and not quitting until you achieve your goal
- Extending grace to yourself when you come up short
[15:19 – 30:00] Uncovering the Upper Limit Problem
- Building a toolkit to help get out of a rut
- Surrounding yourself with empowering and inspiring content
- Replacing negative thoughts with positive ones and using affirmations to drown out negative voices
[30:00 – 34:05] Closing Segment
- Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
- What is your favorite book?
- Be Your Future Self Now by Dr. Be Your Future Self Now
- Michael Wagner’s indispensable tool
- A personal and well defined vision
- What are you looking forward to in 2023?
- Traveling in a camper
- Traveling in a camper
Connect with Michael Wagner:
Websites: https://www.thestoragerebellion.com/, https://www.storagerebel.com/
Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.
Join our Passive Investor Club for access to passive commercial real estate investment opportunities.
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Tweetable Quotes:
“The fastest way to extraordinary life and storage success is if we do what I would call parallel pursuit of both. So we’re going to pursue storage success and we’re also concurrently gonna pursue an extraordinary life because the extraordinary life can be used as fuel to enhance the storage success.” – Michael Wagner
About our Guest
Michael Wagner
After spending 6 years and a quarter of a million dollars earning three degrees, Mike entered the real world as a Physical Therapist. And while he enjoyed the rewards of that profession, he quickly realized that other people (ie- his bosses) had more control over how he spent his time than he did. With that, Mike turned to real estate as a way to regain control of his time.\
Between 2007 and 2010 Mike deployed what is now known as the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) to build a portfolio of 31 one apartments and though he did so pretty quickly and was making money, it became clear that this strategy was not getting him where he wanted to go fast enough. And, he was getting more burnt out by the day. He was working 40 hours a week at a J-O-B that he no longer loved and then chasing rents and managing contractors on nights and weekends.
