Topics Discussed:

• About Albert Preciado
  • Started off as a mortgage lender at 2008 and came through the recession.
  • Excited about growing his business, The Mortgage Guys.
  • The Driven Conference has grown for 2018 with more speakers.
    • Driven is a one-day event.
    • He got people who he knew have a method that works to come speak.
  • Walk us through your mentality when you started The Mortgage Guys
    • Albert got into the business in 2005 working for another broker.
    • He started killing it right away in the sub-prime market.
      • It worked for about a year and a half, then it got shaky in 2007.
        • His company went out of business
        • Everyone got out of the industry.
      • He stuck it out when things went bad.
        • His income went from $200,000 a year to $60,000 a year.
        • He never quit and went from $60k-$80k
        • He studied the fundamentals and went through a few more companies.
      • He founded The Mortgage Guys in 2013
      • What was the mindset you had as you were sleeping through your car when the housing bubble burst?
        • He promised his dad that when he grew up he would become somebody.
        • From the age of 6, he would go help his dad.
        • When he had tough moments, he remembered that he can’t let his dad down.
      • Do you believe that what you know or who you know is more important, and why?
        • A combination of both – you can’t know anything and expect to be successful
        • If someone should double down on one it should be building themselves and their credibility first.
        • The worst thing you can do is to get in front of someone powerful and waste their time.
          • You have to earn their respect.
        • He’s always been a personal development guy.
      • When you were in high school, did people tell you that college was necessary to make money?
        • When he was going through school his family and friends told him he needed to go to college.
          • He was always being told when people graduated, but he knew he was working on a bigger mission.
          • 1^st grade-12^th grade he was made fun of and humiliated and put in special ed.
            • He couldn’t understand English, they thought he wasn’t competent.
            • They transferred him to ESL and was made fun of.
          • How did being made fun of play into your success?
            • It had a big part in success.
          • Albert has a big vision and goal but misses a lot of small details.
            • One of the keys to his success, in the beginning, was focusing on systems and people’s strengths and weaknesses.
          • Albert went to Grant Cardone’s seminar and he said “build your army and you’ll make over $300k”
          • Albert saw Patrick Bet-David’s viral video, so he started studying him and wanted to meet him.
            • He believes in having very few mentors.
            • His mentors a few years back were Grant and Patrick.
              • Grant is into building and sales.
              • Patrick is into systems and procedures.
            • He connected with Patrick on Instagram and had the followers and content that earned him the right to meet him.
          • People don’t reach out enough to people they want to meet.
          • What’s been the number one surprise in the event space?
            • There are a lot and you have to commit and ride it out.
            • The AV Audio and Video teams you have to get.
            • All of the insurance you have to get.
            • The cost – $300,000 a day just to have an event.
              • This depends on what you want to put out.
              • They want to represent excellence which takes a lot of detail and money.

The Random Round:

• • • What profession other than your own do you think it would be fun to attempt?
      • Professional basketball player
    • If you could sit on a park bench with anyone for an hour who would it be, and why?
      • Bob Duggan
      • One of the smartest people he’s met
    • How do you like to consume content best, books, blogs, podcasts, or videos?
      • Books
    • What is a book you’ve read that you’d highly recommend?
      • Principles by Ray Dalio
    • Give us a glimpse of your morning routine
      • Wake up from 1:30-5am
      • Read for a couple of hours
      • Workout
    • What is your go-to pump up song?
      • House music – Feeling Desire by DJ Ricky Luna
    • What are you not very good at?
      • Small details
    • What is one place where we can find you online?
      • com
      • @thealbertpreciado on Instagram and Facebook

Tweetable Quotes:

• Adversity is where we learn life’s greatest lessons.
• I’m always open to get better.
• Whatever goals you’re working on are what you should seek mentorship on.

Resources Mentioned:

Buildyournetwork.com– Podcast website

BYN.media/fb – Facebook Group

Albertpreciado.com – Albert’s website

Drivenevent.com – Buy tickets for Driven

Principles – book by Ray Dalio