Struggling with turning your vision into reality? In this episode, Erik Cabral shares the mic with Tony Johnson. With over 20 years of experience in construction, Tony has navigated both the ups and downs of the industry. In their discussion, Tony shares his journey from bartender to founder and president of Timeless Capital Investments and Timeless Properties Construction.
Tony opens up about his transformational journey - from living paycheck to paycheck to realizing his goal of owning lavish homes through focused vision boarding and daily goal-setting. Listen in as Tony offers invaluable insights on sales strategies, identifying industry niches, and his outlook on the current real estate market.
Here are some power takeaways from today’s conversation:
Tony’s "eureka moment" that led him to start his own construction company
Lessons learned from early business ventures like owning a bar
How vision boards and goal-setting helped manifest Tony's goals
The importance of understanding AI platforms
A story of failure and the important lessons Tony took from the experience
Episode Highlights:
[16:07] Turning Vision into Reality
Tony vividly recalls the humble beginnings when he first started his journey in real estate, living on a couch in a shared home with little money and high credit card debt. He details how he visualized his dream home in a prestigious community through pictures on his vision board. Tony persevered with daily goal-writing and affirmations, eventually purchasing land, building homes, and upgrading each time over the following decade until he manifested living in an even grander home on the golf course. Tony's story demonstrates the power of vision, goals, and relentless focus on manifestations over time.
[22:00] The Current State and Future of the Real Estate Industry
Tony takes a measured view of the current real estate industry, acknowledging that the peak has passed and a decline is underway. He believes the downturn will progress slowly over the next year and a half, with housing transactions slowing by 20-30% but not declining drastically further. Tony notes various factors like high personal debt, tightening lending standards, and commercial properties coming due will impact sectors differently. While certain areas like office face challenges, the housing shortage remains real and provides stability according to Tony's regional experience and analysis.
[24:56] The Importance of Understanding AI Platforms
Tony emphasizes the rapidly evolving nature of artificial intelligence and how crucial it is for business owners to gain even a basic understanding of emerging AI technologies. He notes that platforms like chatbots and virtual assistants are becoming increasingly sophisticated, and if one doesn't make an effort to comprehend these developments, they risk being left behind as the space advances quickly. Tony stresses that staying on top of AI is necessary to avoid becoming obsolete or losing ground to more digitally savvy competitors in the coming years.
Resources Mentioned:
Timeless Properties Construction
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