Nixon Morra Interview
I am very excited about this piece to finally come out.
Due to a couple of delays on my end, Nixon's tight schedule and a few already planned pieces, this piece is finally coming out after I planned it out.
If you have been on this side of Twitter, there is a good chance you have bumped into his content. His wisdom and witty writing have quickly earned him a respectable following, allowing him to rub shoulder with many shakers and movers of money Twitter.
However, merely talking about his Twitter and posts would be a disservice, he is one of the most inspiring stories on this side of Twitter. Raised in poverty, he grew tired of having to miss out on what life had to offer. He decided to do something about it and take control of his life.
This is what makes his page special. This isn't some kid who read some self-help book and paraphrased what he learned.
This is someone who made and PAID for the mistakes that he warns you about.
This is someone who grew and climbed out of poverty with the concepts he talks about.
Without further ado, let's get started:
1. For those readers who don't know about you Nixon, why don't give me a brief "elevator speech" so to speak?
I’m a happily married father of three whose primary hobby is investing in cash flowing assets (real estate, equities, business loans, etc.), and reinvesting that cash flow into more cash flowing assets. I also have a consulting/advisory business where I am paid quite well for my expertise.
2. Chicken and egg question. I typically see 2 paths with people who build wealth:
1. Start a career as usual, get to a relatively high paying job (ex. $150K.), invest money well, leave the job to run your business when it makes sense.
2. Start out with LITTLE TO NO MONEY, dig headfirst into business, gradually grow it into an empire.
Which path did you take?
A mix of both. I didn’t start investing until I earned money from a day job, and now I kind of do both (investing plus consulting). If I could go back I would have done #2 for sure.
3. How did you get involved in real estate?
I read Rich Dad Poor Dad and knew halfway through the book that I wanted to amass a real estate empire. I bought my first property 8 or 9 years ago and grew pretty rapidly from there. I also spent a lot of time working at a couple of real estate investment companies where I got a lot of good experience.
4. If you are someone who knows NOTHING about real estate, where do you go and learn the bare basics?
Read ‘Rich Dad Poor Dad’ for the mindset switch, then read a real estate book that has more actionable information (to be honest it has been so long since I’ve read a real estate book that I don’t even know which I’d recommend). Also, get on my email list and ask me questions that you are struggling with.
At this point, you’ve learned maybe 10-15% of what you need to know. The other 85-90% of knowledge is going to come from actually going out and doing your first deal. Most people never take that step and it is so important.
5. How much money do you need to get started in Real Estate and how do you find those first deals?
This is a difficult question to answer because there are so many variables.
You can invest with no money down but most people won’t be good enough to make that successful. This answer also depends a little bit about what area of the country you are in. NYC is a lot different from Detroit. What type of real estate you want to invest in could change the answer as well (single-family homes vs large multifamily).
One approach would be to find a duplex on Zillow in your area that is in a decent area of town. Take 25% of the list price. When you have that much money raised, DM me or email me and I’ll help you from there.
6. Besides Real Estate, what is your goal or the focus for your Twitter and newsletter?
I love real estate but not everyone has an interest in real estate, so I talk about a wide variety of topics (equities, mindset, family, health, MMA, etc.).
My ultimate goal is to help people level up and reach new goals. I don’t want to be a Gary Vee type where people go to for motivation that burns off a day later so they crawl back watch even more Gary Vee.
I want to help people that are ready to take massive action and do whatever it takes to level up.
7. I was reading your newsletter, and I remember you mentioned the 4 items you need to conquer for personal growth, can you talk a little bit about them?
I spend a lot of time thinking about the psychology and mindset of success, and these four things are what I believe holds most people back in life. Most people struggle with all four, but I think as you optimize for each one, you’ll see your success in life improves considerably.
Instant gratification - stop doing things that feel good now but may not be congruent with your goals. Instead, take actions that you may not love at the moment, but are going to set your future up. Example: eating crap food to feel good rather than eating healthier food to get the body you want. Another example: scrolling social media all day and putting off the hard work of building your side business.
Glass ceilings/limiting beliefs - every person to some extent has an irrational mental limit to what they think they can achieve. A lot of people say things like “I want to make $100K a year!”. They may very well get there, but if they don’t break through that glass ceiling and believe they can actually make more than that, they probably will stay around that $100K amount forever. I’m a big believer in setting BIG goals because, with the right mindset, they are ultimately achievable. I don’t believe in the Law of Attraction in the “woo woo/magic” sense of it, but I do believe that you can program your subconscious mind to ultimately achieve pretty much any goal you set.
Fear of what other people think about you - most people don’t even realize this is an issue for them. For example, public speaking is a major fear of people in the business world. Why is that a fear? No one is going to physically harm you. They are worried deep down that they are going to mess up and people will judge them. Who cares? Fears like this cause you to play it safe when you should be taking calculated risks to get ahead in life. A lot of people are scared to invest in real estate because if it doesn’t work they may look like a failure. Many of those people probably would fail, but a lot of them could be super successful in it but the fear holds them back from ever figuring that out.
Your health/energy levels - A healthy mind and body will achieve greatness faster and more effectively than an out of shape person with low energy. There is both a mental and physical aspect to this. Success takes massive determined action, and if your mind and body get tired, someone else with more drive is going to pass you by.
8. What projects do you have going on right now as far as Twitter and your site go?
I’m spending a lot of time trying to find my next commercial real estate deal to invest in. I was working on a car wash transaction but backed away because of the new competition that opened up nearby. I was also working on a strip center purchase but the largest tenant moved out during negotiations so I’m standing by seeing what happens with that space.
My Twitter and website right now are more a hobby than anything. I’ve enjoyed interacting with success-driven people so if I feel like my content is truly helping people get ahead in life and not just providing Gary Vee type motivation, I’ll get more serious with it.
I came from a poor childhood to a self-made millionaire and basically had to figure everything out on my own along the way. I’d love to do what I can to help others where I may not have had the same assistance.
Nixon's story is the perfect example of a famous quote:
"If you are born poor, it's not your fault. But if you die poor, it's your mistake."
He had things going against him, but he leveraged his knowledge and hunger to get to the top. Now he is able to provide his family with the life he was not able to have as a kid.
Whether it be in finances, fitness, dating, family or anything else, I invite you to find the area that you are struggling with and trace a set of short, mid and long term goals to get that area handled. You will be surprised what you can do. You may not get to the top, but I guarantee you your situation will look like a million bucks compared to today.
This is it for this week. Keep checking out the content and let me know what topics to cover. I enjoy hearing about everyone's story and I often find myself resonating with common experiences.
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