Wealth Building Strategies of a One-Man Consulting Firm w/ Sean O’Dowd (REI161)

Investment Strategies
Patrick Donley talks with @seanodowd about why he thinks there is a better way to build wealth through starting a business and using the profits to buy real estate investments. They also discuss how buying a diamond engagement ring provided the impetus for Sean to start his one-man consulting shop, how he grew this side hustle into a business that nets $500,000 per year, and a unique strategy he has developed to plow 90% of his profits into building a real estate portfolio.
Sean graduated from the University of Pennsylvania’s Wharton School and worked at Boston Consulting Group. He left behind this traditional path to success to take a bet on himself, built a one-man consulting shop, and dumped all of his profits into real estate. 

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 – Intro
00:04:15 – What he learned working for one of the top consulting firms in the country
00:08:26 – How buying a diamond engagement ring provided the impetus to start a consulting side hustle
00:12:18 – Why picking the right partner in life is so important
00:14:58 – How he grew his side hustle into a one-man consulting shop that nets $500,000 per year
00:29:34 – Why his first real estate investments didn’t pan out
00:50:16 – What his current real estate strategy is that has proven much more profitable
00:54:18 – Why he thinks house hacking is a terrible idea

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🎧 Listen to our episodes here: https://link.chtbl.com/Millennial
🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/build-wealth/

📖  BOOKS MENTIONED:
– The Everything Guide to House Hacking by Robert Leonard: https://amzn.to/3RdlBUY
– Hero of the Empire by Candice Millard: https://amzn.to/3WMrGsD
– But What If We’re Wrong? by Chuck Klosterman: https://amzn.to/3wEZqNZ
– How to Get Rich by Felix Dennis: https://amzn.to/3wBYytx
– Give and Take by Adam Grant: https://amzn.to/3Y9ihfG
– Richer, Wiser, Happier by William Green: https://amzn.to/3Y4TDNp
– Atomic Habits by James Clear: https://amzn.to/3XOVC8T

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

💡 OTHER RESOURCES
– Connect with Sean: http://twitter.com/seanodowd15
– Connect with Patrick: https://twitter.com/JPatrickDonley
– Check out Sean’s Website: http://theodowdgroup.com/
– Check out Upwork: https://www.upwork.com/
– Check out Catalant: https://gocatalant.com/
– Check out Hemlane: https://www.hemlane.com/
– Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3WG6WU3

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WHO I AM:
I’m Patrick Donley, founder and managing director of The Wexford Group, a real estate 🏘️redevelopment company based in Columbus, Ohio. I’ve lived and worked abroad and had a wide variety of adventures including studying economics in Luxembourg, writing for a business newspaper 📰in Vietnam, attempting to learn Spanish 🇪🇸 in Columbia, and biking 🚲across America to raise money for Habitat for Humanity. I can usually be found listening to podcasts 🎧, enjoying time with family and friends 👪, or attempting to hone my golf game ⛳.

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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

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