Mindful Real Estate w/Terrie Schauer

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Episode Description

Welcome to the Freedom Point Real Estate podcast! In today's episode, Jeremy Dyer welcomes Terrie Schauer to share her take on property management, mindfulness, and in-person networking.

With 20+ years experience as a Real Estate investor and property manager, Terrie is the founder of the Equity Builders Club, a Real Estate coaching & consulting group based in Montreal, Canada. She is CEO of MRG Management, a property management operating in the same location. She is the leading authority on applying mindfulness principles to Real Estate investing, and has written the #1 bestselling book on the topic, Mindful Landlord. She hosts The Real Escape Investing Podcast, a show geared to help fellow- and aspiring-investors build their portfolios for profit AND peace of mind. Terrie holds a PhD in Communications, and Masters degree from Oxford University. She is a three-time world champion in Brazilian Jiu Jitsu. Her best selling book, Mindful Landlord, is currently available on Amazon.

CONNECT WITH TERRIE SCHAUER!

LinkedIn: https://www.linkedin.com/in/terrieschauer/?originalSubdomain=ca

Website: https://terrieschauer.com/mindful-landlord/

Podcast: https://podcasts.apple.com/ca/podcast/real-escape-investing/id1530582814

Facebook: https://www.facebook.com/TerrieSchauerInc/

Instagram: https://www.instagram.com/terrieschauer/

CONNECT WITH JEREMY DYER!

Website: https://startingpointcapital.com/

Instagram: https://www.instagram.com/startingpointcapital/

LinkedIn: https://www.linkedin.com/in/jeremydyer

Facebook: https://www.facebook.com/startingpointcapital

Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12

Summary

Tip #1: Understand the Three Levels of Consciousness

"You have your thoughts, which are like a radio always playing. Then your emotions, which are like dashboard lights warning you of something. But beneath that, you have presence—the Watcher—who decides how to engage with thoughts and emotions."

Understanding these three levels—thoughts, emotions, and presence—can transform the way you approach investing and risk-taking. Many people react impulsively to fear, but by stepping into the role of the Watcher, you can make calm, intentional decisions. This mental framework is essential for real estate investors facing high-stakes choices.

Tip #2: Fear Is a Signal, Not a Roadblock

"My fear dashboard light can go off, but that doesn’t mean I have to stop driving."

Investing in real estate, like any growth endeavor, is filled with fear-inducing moments. Fear is designed to protect you, but it shouldn’t limit your potential. Instead of letting fear control your actions, use it as a guide—evaluate the risks but don’t let them paralyze you.

Tip #3: Real Estate Is About Freedom, Not Just Money

"The reason anyone gets into real estate is for freedom—freedom from financial constraints, geography, and time."

Many investors start out chasing wealth, but the real value of real estate investing is control over your life. When you view money as a tool rather than the end goal, you can make investment choices that align with your deeper values and long-term vision.

Tip #4: Stop Trading Time for Money

"The hours you put into real estate investing, you get to keep. The hours you put into a job, someone else benefits from."

A traditional job often means selling your time to build someone else’s wealth. By shifting to real estate investing, you create long-term value that you own. The sooner you reframe your financial approach, the sooner you can break free from dependency on a paycheck.

Tip #5: Don’t Fall into the ‘3Ds’ Trap (Deals, Doors, Dollars)

"Once we get into real estate, it becomes about ‘deals, doors, and dollars.’ But that’s not where the meaning is."

Many investors become obsessed with growing their portfolio without considering why they’re doing it. Avoid turning investing into a competitive numbers game. Focus on investments that serve your personal and financial goals, rather than just chasing metrics.

Tip #6: Shift Your Mindset Around Risk and Security

""People feel trapped by a false sense of security from a paycheck. But signing big mortgages and taking financial risks is what leads to real freedom."

Most people fear leaving a steady income because they equate security with a paycheck. However, true security comes from building assets that generate long-term passive income. Facing and overcoming financial fear is key to escaping the paycheck cycle.

Tip #7: Execution Matters More Than Knowledge

"People have to put in the reps. They need to keep going even when they fail because failure is part of learning."

Real estate success isn’t just about learning strategies—it’s about execution. Many new investors hesitate to act because of fear or perfectionism. The key is to start, learn from mistakes, and keep moving forward.

Tip #8: Surround Yourself with the Right People

"We put investors in accountability pods where they meet every week and have to report on their goals."

A strong network and accountability system can be the difference between success and stagnation. Regular check-ins with like-minded investors keep you motivated and prevent procrastination. Community support is crucial for staying committed to your investment journey.

Tip #9: Be Open, Authentic, and Vulnerable

"Sometimes the best thing you can do is be vulnerable. It helps others feel safe to ask questions and learn."

Success isn’t about projecting strength—it’s about creating an environment where learning and growth can happen. By being open about challenges and mistakes, you encourage others to do the same, fostering a stronger community of investors.

Tip #10: Real Estate Success Requires Long-Term Thinking

"Even if you’re not making a dollar more than your salary, the fact that you get to keep what you build makes all the difference."

Short-term wins are tempting, but the real power of real estate investing comes from long-term asset accumulation. Investors who prioritize sustainability over quick profits set themselves up for true financial independence.