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An inspiring guest joins Kevin today, one who faced many hardships when the 2008 financial crisis hit the property industry. Gavin Gallagher joins Kevin to discuss how he was affected by the recessions, lessons he learnt and how he aims to use his story to inspire others of what not to do. Together they discuss trials and tribulations of family businesses, why it is important to not build your identity around your financial success and how the worst advice you can take in property would be ‘go big or go home.’
KEY TAKEAWAYS
BEST MOMENTS
“I had what was called ‘normalcy bias.”
“ When you start making money so quickly you begin to quickly think ‘how can I spend it?’”
“It was like death by a thousand cuts.”
“That is a really difficult thing to accept.”
“Start with the end in mind.”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
ABOUT THE GUEST
Gavin has been a property investor and developer for over twenty years. He has experienced two major recessions and has a feeling we are about to enter a third. Gavin got caught badly in the 2008 Global Financial Crisis and spent the better part of a decade in damage control and paying off debt. The collateral damage from being careless and over-leveraged taught Gavin some powerful and often painful lessons. Today he is motivated to share these experiences with others in the hope he can elevate their game, shape their investing habits and help avoid some of the mistakes he made.
Contact:
Instagram @gavinjgallagher
Website: https://www.gavinjgallagher.com
Twitter: @gavinjgallagher
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December 12, 2024
December 11, 2024
For anyone looking to expand their real estate horizons beyond borders, this podcast offers a treasure trove of insights from top agents around the globe. Whether you’re looking to showcase your expertise as a real estate professional or uncover the next great investment opportunity as a buyer, Global Real Estate Insider provides the expert advice and market analysis you need to make informed decisions in the global real estate arena.
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