Not everyone can say they have had the opportunity to sit down with a self-made millionaire to hear their story and ask for invaluable business advice. Luckily, I had a chance to do just that. Let me be the first to tell you this information is precious; you could even say it’s worth a few million dollars.
For those of you that are unfamiliar with Corey Kendig, allow me to give you a quick intro. Corey was born in Erie, Pennsylvania in 1990 to a blue-collar home and spent the majority of his life in his hometown. His parents were always hard workers, picking up extra shifts or working odd jobs to provide for their family. He credits them for instilling a strong work ethic in him at an early age, and it’s clear that this is the case by looking at some of his accomplishments throughout his multiple careers.
Kendig picked up his first job at ten years old picking beans for a local farmer. That lead to him taking on a plethora of roles ranging from a talented snowboard instructor to a corporate leadership position at G.E. after college. Now Corey spends his time building positive cash flow with real estate, and he’s just getting started!
Kendig has faced many challenges in his journey through life, but we will cover that in another article. For now, let’s get into some valuable business advice from someone who is a genuine self-made millionaire!
Take advice from people that have what you want
“Starting out in business everyone will have something to tell you. It’s important only to take action on the advice you receive from people that have what you desire,” Corey explained.
Only invest in things that create positive cash-flow
“When I’m looking at real estate deals I’m always looking for properties that create positive cash-flow. I rarely go into a deal looking to ‘flip’ a house unless it has enormous upside potential. Find your number, the amount of money you need to cover all of your expenses. Start looking for deals that will provide that for you. By doing this, you will have the ability to focus on growth since you will no longer be trading time for money.”
“This is something my college professors and I had disagreements on, what I called networking in college my teachers called cheating. I was just doing what every successful business person does. Find someone who is better at solving the problems you have, then exchange value to get the job done quicker.”
Don’t partner in business just to partner with someone
“A lot of business people will partner with someone out of fear. I’ve done this, I’ve watched other people do this, don’t do this. Only get into a business partnership if it makes sense, and each party brings something to the table.”
I’ve seen people too smart to be rich, I’ve never met someone too dumb to be
“In business, I have a firm belief that massive action will always lead to better results than someone who over-educates themselves. Don’t cheat yourself out of success by spending all your time learning everything, go out and take massive action!”
Just like I’ve mentioned after other interviews with successful people, anyone can become a millionaire in this world. All you need is the desire to succeed and the ability to follow through. Until next time, keep hustling and striving for success!