695: Billionaire Advice that Made a Farm Boy a Fortune in Self-Storage

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How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.

Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!

Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!

In This Episode We Cover:

The importance of early financial education and investing at a young age

How parents can cultivate the passions their kids possess

Puts and calls, stock trading, and how to invest like Warren Buffett

Apartment investing and how knowing your market can make you millions

How to find a mentor (even if you’re looking for a billionaire!)

Analysis paralysis, shiny object syndrome, and sticking to one strategy

Self-storage development and the details behind the deal

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

BiggerPockets Merch

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

David's BiggerPockets Profile

David's Instagram

Henry's Instagram

Henry's BiggerPockets Profile

Here’s What 10 Billionaires Say You Should Do Every Day

Should You Start Investing in Real Estate When You're Young?

How I Hired Warren Buffett as My Real Estate Mentor

Book Mentioned in the Show

Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey

Connect with Andrew:

Andrew's Personal Website

Abernathey Holdings

Andrew's Facebook

Andrew's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695

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