August 21, 2020

Developing a Healthy Relationship with Money, with Erin Bradley and Stephen Woessner

Episode 106:

Real Estate Entrepreneur: What You Will Learn:

  • I share why I became self-employed, and how I made changes to my strategy after hitting financial rock bottom
  • How my limiting beliefs about money held me back from growing as a real estate entrepreneur, and how I got past that roadblock
  • Why I had to learn to accept that I deserved the success I earned for myself, and why finding the right coaching was the key to that realization
  • The difference between viewing money as “tangible” versus “intangible”, and how the way you view money impacts your goals
  • Why eliminating financial stress and attaining financial freedom were my primary goals
  • Why I chose to move into thought leadership and creating content through my writing and my podcast
  • How I grew and scaled my business after realizing I couldn’t do everything by myself
  • What the “25% rule” is and how it has helped me focus on the right priorities and guide my business strategy
  • How I plan my day with a careful balance to maintain a positive level of energy throughout the day
  • Why setting boundaries and staying present in the moment are important pillars of my success

Build a Life You Don’t Need a Vacation From

From day one, I had always been after freedom and flexibility. There is no greater appeal than time and financial freedom. But when I first got into real estate, it was difficult to identify the best path to success. After some time in the business, I realized the ultimate path to freedom was to become a real estate entrepreneur. First, I had to build my tribe, develop a strategy that played to my strengths, and create a foolproof plan for time and energy management that would take me to the top! This is the business where you can do what you want, when you want, without sacrificing your business or your home life! It is all about building a life you don’t need a vacation from, and it takes a lot of trial and error to get there.

The Leap to Straight Commission

I started with office duties but desperately wanted to bridge into the sales side so I could develop all the necessary skills to become a real estate entrepreneur! But that is not an easy leap to make. Going from a cushy salary to straight commission is mortifying for most people. Even when you are good at sales, there is an unbelievably steep learning curve. Whatever your motivations may be, get after it because nothing could possibly be worse than having never taken your shot at financial freedom at all.

Understanding Your Relationship with Money

Just to be clear, this isn’t a blind leap of faith. To make a fruitful leap as a real estate entrepreneur, you have to develop a deep understanding of your relationship with money first. We tend to riff our goals off the top of our heads based on what we’ve done before. But your fundamental goals need to come from a realistic understanding of money combined with what’s really in our hearts. When we go to write our goals for the next year, being conscious of our relationship with money will make them inevitable instead of improbable—that is the core place we need to start.

Real Estate Entrepreneur | Developing a healthy relationship with money

Photo by Nathan McBride on Unsplash

About Erin Bradley

In 2007, Erin Bradley became self-employed in pursuit of “freedom and flexibility.” Unfortunately, she did so with no game plan and no safety net to speak of. By 2008, she was so broke, she had to ride her bicycle to meet a new client as she didn’t have money for gas. When Erin’s card was declined for a small coffee as the client walked through the door, she realized something had to give…

Erin spent the next 3 years studying the habits of highly successful entrepreneurs, and ultimately developed a strategy to promote her value in a way that felt authentic, easy, and FUN! She also started investing in real estate, which now affords her the opportunity to live her dream life, in her dream home. (It’s easier than you might think!)

By 2012, she had gone from broke to 6 figures…and she promptly burned out. Erin had no systems in place to manage the growth and found herself trading her time for money. Pregnant with their second child, she was drowning in life and in business. She tried convincing herself to be “grateful” because they finally had money to pay the bills, but she was ready to throw in the towel altogether.

Luckily, Erin didn’t quit! She sought help, built systems, and started hiring. By 2015, the business had doubled again. Today, their business continues to grow and Erin does much less in order to do much more. She focuses on the essentials and shows others how to do the same!

How to Connect With Erin Bradley:

Balanced Growth Course:

Additional Resources: