GRIT: The Real Estate Growth Mindset
Business
Terrence Murphy started from very humble beginnings and worked his way up to where he is now. He first became an entrepreneur mowing lawns for residential and commercial places when he was 12. He then tried different jobs to help his family - which also taught him the value of hardwork. Eventually, he had a very successful football career and was even drafted by the Green Bay Packers in the NFL draft. Unfortunately, an injury that left him paralyzed from neck below ended his football career.
In a situation where anyone would normally just give up on their dreams, Terrence's competitive nature and skills pulled him through. When he recovered, he decided to start his career in real estate and this became his main focus and passion.
Today, Terrence is the CEO, Broker & Founder of TM5 Properties. TM5 has been a part of LeadingRE since 2016 which consists of the world’s market-leading independent residential brokerages in over 70 countries. In 2018 & 2019, TM5 was recognized in INC 5000 as one of the 5000 fastest-growing privately held small companies in the U.S.
Terrence is a visionary and entrepreneur at heart. Other ventures and companies he has started in the community or become a partner in, include: Jones and Associates Insurance, Asset Hero Property Management and many more.
In this episode, we talked about:
04:50 How Terrence managed to negotiate contract at 12 years old
06:58 The importance of grit and having a growth mindset
07:46 How to turn hardships in life into something that makes you stronger
10:17 Why Terrence referred to real estate as his new Super Bowl
14:06 Why you should never let anyone dictate what you can or cannot do
15:00 How he started in Real Estate
18:21 The value of giving back and inspiring other people
19:20 Why Terrence started his own podcast
23:14 Why you should never stop learning
25:13 How Terrence ends up with mostly high-end/luxury listings
27:13 Why you always need to be willing to fail
32:45 What is an entrepreneur’s best asset
Episode 096 with Kenny Truong, Founder and Team Leader at Fast Real Estate
Episode 095 with Sajag Patel, Founder and CEO of BOLD Real Estate Consultants
Episode 094 with Louie Hamner, Founder of Vanguard Title Insurance Agency, LLC
Episode 093 with Brett Jennings, Owner & Founder of Real Estate Experts
Episode 092 with Brandon Hedges, COO of Sierra Interactive
Episode 091 with Tyler Smith, CEO & Founder of Skyslope
Episode 090 with Ryan Flint, CEO and Principal of the Ryan Flint Team
Episode 089 with Josh Cunningham, CEO and Founder of rokrbox
Episode 088 with Joe Herrera, Owner/Partner at Joe Taylor Group
Episode 087 with Guy Gal, CEO and Co-Founder of Side Inc
Episode 086 with Rod Khleif, Director of Lifetime Cashflow Academy, a Real Estate Investor, Philanthropist & Podcast Host
Episode 085 with Andrew Franklin, Owner/Partner at The Franklin Team
Episode 084 with Doug Gieck, Vice President of Production at 8z Real Estate
Episode 083 with Chris Craddock, Founder & CEO of The Redux Group
Episode 082 with Tamir Poleg, CEO at The Real Brokerage Inc
Episode 081 with Rivers Pearce, CEO & Co-Founder of W8less
Episode 080 with Steve de Laveaga, Founder & CEO at Real Intelligent Sales Engagement (R.I.S.E.)
Episode 079 with Michael LaFido, Founder & CEO at Luxury Listing Specialist Designation(LUXE)
Episode 078 with Robert Lucido, Director of Business Development for Lucido Global
Episode 077 with Brad Sugars, CEO & Founder of ActionCOACH
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