433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

<p>You may have heard a speech from&nbsp;<strong>Ed Mylett</strong>&nbsp;(AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned&nbsp;<strong>speaker, entrepreneur, real estate investor, author, and podcaster</strong>. He has started businesses worth&nbsp;<strong>millions&nbsp;</strong>and continues to teach entrepreneurs through his personal brand.</p><p>What many people don’t know is how much<strong>&nbsp;Ed loves real estate</strong>. That’s right, you heard it first on&nbsp;<strong>BiggerPockets</strong>! It’s not the speaking, writing, and podcasting, it’s owning&nbsp;<strong>cash flowing properties</strong>. As a matter of fact, he just closed on one recently with his son and did an astonishing<strong>&nbsp;$100 million in real estate deals</strong>&nbsp;in 2020.</p><p>Ed emphasizes the importance of&nbsp;<strong>faith, generosity</strong>, and most importantly, setting your life at a&nbsp;<strong>high standard</strong>. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.</p><p>It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions&nbsp;<strong>young investors&nbsp;</strong>to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged<strong>&nbsp;investment opportunities</strong>, this might be the advice new investors need to feel confident going forward.</p><p>This episode also dives into the importance of&nbsp;<strong>having a purpose</strong>, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.</p><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/podcast" rel="noopener noreferrer" target="_blank">BiggerPockets Podcast</a></li><li><a href="https://store.biggerpockets.c