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 056 with Grier Allen, CEO and Co-Founder of BoomTown
Episode 055 with Sarita Dua, CEO of Portland Home Resource
Episode 054 with Michael Hellickson, CEO of Club Wealth
Episode 053 with Shoshana Socher, Owner/Founder of the Socher Team
Episode 052 with Erica Ramus, Broker/Owner of the Ramus Realty Group
Episode 051 with Derick Van Ness, Wealth Strategist & Founder of Big Life Financial
Episode 050 with Greg Flanagan, Founder of Power Onward Mastermind
Episode 049 with Jeff Glover, Owner of Jeff Glover & Associates and Head Coach at Glover U
Episode 048 with Paul Ross, CEO & Head Trainer at Subtle Words That Sell
Episode 047 with Anna Krueger, Owner of Platform Consulting & MAPS Coach at Keller Williams
Episode 046 with Jennifer Seeno Tucker, Associate Broker and Vice President of Business Development at Exit Realty
Episode 045 with Stacy Bahrenfuss, Founder & CEO of Catalyst Group
Episode 044 with Jeff Cohn, Owner of kwELITE
Episode 043 with Tom Ferry, Founder and CEO of Ferry International
Episode 042 with Frank Klesitz, CEO & Co-Founder of Vyral Marketing
Episode 041 with Aaron Novello, Realtor & Real Estate Coach at aaronnovello.com
Episode 040 with Jim Fischetti, Owner of Jim Fischetti LLC and President at Coach with Jim
Episode 039 with Peter Schravemade, Business Development Manager at BoxBrownie
Episode 038 with Randy Carroll, Channel Manager at Chime Technologies
Episode 037 with Scott Sillari, Head of Sales & Marketing at Real Synch
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