Those of you who listen to The Real Estate Nerds Podcast already know that the success or failure of any investment depends half on the investment itself, and half on the investor behind it. This is the first in our Inside Look at Real Estate Investor series, where we will dive deeper into the minds of great investors and how they operate. For our debut piece, we look at investor Clayton Morris.
Clayton Morris on Growing Up With Bad Ideas About Finances
Clayton Morris established himself in a traditional broadcasting career as a co-host of Fox and Friends. He took a traditional career in part because of family pressure. Growing up, Clayton was exposed to traditional beliefs about money–such as that a 9-5 job was the only meaningful path to financial security, and that money “doesn’t grow on trees.” Although he did well in his position, Clayton grew increasingly frustrated with depending on someone else for a paycheck. He made his first two real estate investments after losing his job at Good Day Philadelphia.
Clayton first realized the beliefs he grew up with around money were self-limiting upon reading Robert Kiyasaki’s Rich Dad Poor Dad. For those unfamiliar with the book, Rich Dad Poor Dad reflects the author’s experience with his two father figures and the ways their beliefs around money influenced his own life. Kiyasaki’s own father was poor, while his best friend’s father was wealthy. The book chronicle’s how both men’s experiences influenced Kiyasaki’s own life, but the lessons from his “rich dad” were more beneficial.
Clayton was inspired after reading this book, and as he began to rethink his own beliefs about finance, made a series of successful real estate investments. He has done so well in the years since that he was able to quit his old job and now spends his time advising other investors, and attributes his success to developing himself as an asset and maintaining a healthy mindset.
Clayton Morris’s Real Estate Investment Career
Since experiencing real estate success and financial freedom for himself, Clayton now focuses his career on helping other investors do the same. Clayton runs the company MorrisInvest, which helps new investors get started in the real estate business, even pairing them with their first properties.
Clayton’s other efforts are even more purely educational. He is the host of the successful How to Invest in Real Estate Podcast. Clayton has also chronicled his real estate investing experiences and an extensive blog of advice for other investors on his other web site, ClaytonMorris.com. You can connect with Clayton on any of these channels or on Twitter @ClaytonMorris.
Hear More From Clayton on The Real Estate Nerds Podcast
Clayton was kind enough to share some of his experience with our lead attorney and podcast host, Scott Royal Smith. Tune in to Episode 31 of The Real Estate Nerds Podcast to learn more about Clayton. On top of telling more of his story, he shares one of his worst deals with listeners so that you can avoid repeating some of his mistakes. If you have questions about the podcast, suggestions for future investors you want to learn more about, or need advice on defending your own real estate investments, contact Royal Legal Solutions today.