This episode we interview my Co-Host Doug Kierstein. Doug is a Colorado native.
He has always had an interest in working hard and making money.
At 13 years old, he wanted to invest some money. His dad took him to the bank and Doug didn't understand a word the guy said. But he got the itch and bought his first book on finance at 15.
He has three undergraduate degrees and some classes towards his Masters degree.
He holds degrees in finance degree, economics, and information systems.
On his own, he started a mortgage broker business and kept that going on the side.
He started in the finance world with Charles Schwab trading stocks and bonds for 1 1/2 years.
He liked being immersed in the stock market world but missed meeting face to face with people.
Next at Bank One, he picked up his insurance license and kept his security license and worked there for 1 year.
Then, with a friend, he started an advisory and mortgage business.
He got married and started raising a family, so he took a more stable job at TIAPress, working at the outbound sales department. He again missed the face to face with people. After 6 years he moved on, getting closer to people.
He did a fix and flip in 2013. He learned a lot through helping and doing part of the work. Doug broke even on the project, but lessons learned were:
1. The realtor overstated the After Repair Value.
2. The house was out of place in that neighborhood and it took more rehab to bring it back into normalcy.
3. He was using a hard money loan and the rehab took 6 months.
After TIA Press, he works as a personal financial representative and building real estate business.
Doug is a man of faith and that keeps him grounded and on track. His funny quote is: I don't always eat very well, but I sleep very well.
Secrets Sauce to his Success;
He believe being tenacious is a key to success.
He believes in education (as you can tell by his 3 undergrad degrees! :-) )
Favorite Books:
The magic of thinking big - David Schwartz
How to win friends and influence people - Dale Carnegie.
George Kilder - Wealth and Poverty. Warning: Not an easy read
Contact Information:
Cell Phone: 303-638-7245
