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 106: Protecting Culture At All Cost with Jack Lehr
Episode 105: How Each Decision Can Lead You Closer to Success with Daniel Dixon
Episode 104: From Being a Solo Agent to Running Multiple Brokerages with Vija Williams
Episode 103: From Having an Active Job to Having Passive Ownership of Everything with Jeff Cohn
Episode 102: Building a Business vs. Building a Practice with Bobby Moats and Erin Leff
Episode 101: How to Understand People Better Through Understanding Yourself First with Jon Cheplak
Episode 100 with Spring Bengtzen, CEO and Owner of the Utah Life Real Estate Group & Associate Broker at REAL Broker LLC
Episode 099 with Ty Voyles, Co-founder and CEO of Fulcrum Properties Group
Episode 098 with Gaurav Gambhir, Co-Founder and Owner at The Condo Shop / TCS MGT / Rentphilly.com / Mega Realty / Go Commercial and Partner at Keller Williams Center City
Episode 097 with Matt DeCoursey, CEO and Founder at Full Scale and Startup Hustle Founder and Host
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
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