Construct Your Life with Austin Linney

Oct 26, 2020

Today's guest is a former service industry veteran of 20+ years, serial entrepreneur, real estate investor, mindset and business coach, Austin Linney. He is the host of the weekly podcast, Construct Your Life. His passion is to provide massive value each week with his podcast and help his coaching clients achieve a breakthrough in their way. 

Join us for this episode and learn more about how to improve your mindset and build your business.

 

[00:01 – 06:34] The Beginning of His Journey

• I introduce the guest, Austin Linney
• Austin talks about his background and life journey
• • Grew up in a wealthy family
  • Got handed Rich Dad Poor Dad by his friend
  • Went into the restaurant business at 17 when his parents got divorced
  • Dragged into drugs and alcohol at 18
  • Lost everything and worked in construction 

[06:35 – 13:29] The Necessary Breaking Point

• Everybody has different ways when they break 
• • It was needed to be able to climb back up
• Austin talks about his breaking point 
• • Being a functioning drug addict/ alcoholic 
  • His outside looks disguised his brokenness
• It’s not the promises that you make with other people that will hurt you, but the promises you create within yourself that destroy your inner confidence 
• Austin talks about how he gets out of the situation and met his wife
• • Got his bartending job back
  • Got married and moved to Austin Texas
• The truth about working in the service industry
• • Alcohol and drugs are commonplace in this industry
  • Drinking every day for nine years 
• Austin talks about how his 13 years of marriage falls apart
• • Becoming two different people and no longer supporting each other
  • Got divorced a few months ago
  • The disconnection that causes the separation 
• We don’t fall out of love with somebody, but we just lose respect for each other
• • It is almost impossible to get that respect back

[13:30 – 20:38] Construct Your Life

• When we have chosen to wake up every day and be the best version of ourselves, we choose to love ourselves, and it radiates to the people we love
• Live with the truth of yourself and don’t hide it, so it does not control you
• • By focusing on yourself, you are presenting to the world what you can be, and it will inspire others
• When you switch the narrative to be abundance and grateful, the universe opens up doors for you
• Austin shares about how he got to where he is now
• • He got exposed to real estate investing
  • A vehicle to get you to the freedom that you need 
• Austin talks about the beginning of his journey in real estate 
• • Started with AirBnB and made 9k in the first year
  • Started a company with his business partner on managing and leasing 
  • Grew 27 AirBnb in 7 states within five months 
• They grew so fast but didn’t see the money
• • Decided to part ways with his partner 
  • Lost 26k 
• Austin shares the story of when he worked 90 hours a week
• • Works for two jobs and cleaning 3 AirBnb himself 

[20:39 – 30:29] Leverage Yourself and Your Business 

• Finally got the eye-opening talk with his mentor 
• • Learned to leverage himself and his business
• Your ego might tell you that you’re crushing it, but actually, you are running in place
• Austin talks about his first investment 
• • Bought a property that ended up making him 37k at gross a year
  • Refinance the house and pay off all his debts
• Follow up in time 
• • He shares the story of his success in a property deal
  • Bought a house on loan, and the house ended up making him 34k in a year with Airbnb then sold it at a high price
• You will only feel the power that it can be done when you execute the idea that you have in your head 
• • Almost three years of execution 
• Austin talks about his Airbnb managing company
• • Bringing on multiple investors to own a house
  • Invested in multiple properties 
• Austin shares how he found the investors 
• • Always give your investors multiple options 
  • Understand the market that you are in

[30:30 – 39:00] Know your Momentum and Sell Early 

• The more option you have, the better you feel about not pitching in a particular thing
• Understand what your asset does, what it produces, and what it can do in certain areas
• • Educate yourself  and learn from other people
• Imperfect actions lead to excellent results 
• • The best actions in life are the imperfect actions
• Austin talks about an inspiring young developer named Aaron Wagner who interviews the wealthy families in the US
• The key in real estate is to know the momentum
• • Sell early, build up your confidence and momentum
• If you are at the top of the market and there is no inventory, sell whatever you have, 
• • take the capital and buy again when the market goes down,
• Austin talks about the ripple effect in this pandemic situation 

[39:01 – 42:32] Closing Segment

• Imagine it's a hundred years from now, you have grandkids, and one of them decides to write a book about Derek Loda. What would you like the title to be and say about you?
• • "Austin Linney, the true embodiment of the fire.”
• How to connect with Jeffrey
• • See links below
• His passion is to make sure that you are operating in the highest form of yourself 

 

Tweetable Quotes:

“It’s not the promises that you make with other people that will hurt you, but the promises you make within yourself that destroys your inner confidence.” –  Austin Linney

“When you switch the narrative to be abundant and grateful, the universe opens up doors for you.” –  Austin Linney

“You will only feel the power that it can be done when you execute the idea that you have in your head .” –   Austin Linney 

“If you are at the top of the market and there is no inventory, sell whatever you have, take the capital and buy again when the market goes down.” –  Austin Linney

 

Resources Mentioned:

• Rich Dad Poor Dad
• Construct Your Life With Austin Linney Podcast
• Austin Academy Coaching Program 

You can connect with Austin Linney on LinkedIn , Instagram and Facebook. Visit his website at constructyourlifepodcast.com or contact him at 5125297515. 

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I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

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