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E1: Three Feet from Gold: How Mike Hambright Built a Business That Lasts with Mike Hambright

E1: Three Feet from Gold: How Mike Hambright Built a Business That Lasts with Mike Hambright

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In this episode, I sit down with Mike Hambright, a seasoned entrepreneur, real estate investor, coach, and founder of Investor Fuel, FlipNerd, and Investor Machine. Mike opens up about his journey from corporate America to building multiple seven-figure businesses — and the hard lessons he learned along the way about focus, foundation, and freedom. We explore what it means to stay the course when things get tough, why so many entrepreneurs fall into the trap of "starting over," and how to create a life that aligns with your goals and values. Mike also shares how the hardest chapters of his story — including losing his job, financial uncertainty, and raising a newborn with no income — became the fuel that shaped his success mindset. If you've ever struggled with shiny object syndrome, burnout, or the uncertainty that comes with entrepreneurship, this conversation will challenge and inspire you to think differently about your business, your time, and your long-term vision. Episode Timeline & Highlights [0:00] – Mike introduces the "three feet from gold" concept — how most people quit right before success happens. [1:00] – The conversation kicks off with Mike's background as a "serial entrepreneur" and the driving force behind his ventures. [2:00] – Why building a stable financial foundation is the first step before layering on multiple business ventures. [5:20] – From corporate finance to real estate investing in 2008 — how losing his job became the turning point that changed everything. [8:50] – Finding focus during hard times: why people perform best when their back is against the wall. [10:40] – The importance of choosing one direction and sticking with it — what Mike calls "laser focus." [13:00] – Starting over in Dallas and learning how to build a real estate business from scratch. [14:00] – How Mike went from four deals in his first year to sixty-five the next — and the lessons that came with scaling fast. [16:00] – Building trust-based partnerships with contractors and teams that last decades. [18:00] – The value of persistence: why investors often give up when they're closer to success than they think. [21:00] – Knowing when to pivot — and how to use data and mentorship instead of emotion to make business decisions. [22:30] – The power of collaboration versus competition: how shifting from scarcity to abundance changed everything. [26:00] – What it really means to be an entrepreneur: serving others, building systems, and creating freedom. [29:30] – Mike's vision for Investor Fuel, Investor Machine, and the new Investor Launchpad program. Key Takeaways Stay Laser Focused. Success doesn't come from chasing every new opportunity — it comes from staying committed to one thing long enough to see results. Build Your Foundation First. A stable base of income and systems allows you to experiment, grow, and take risks without risking everything. Collaboration Beats Competition. When you move from scarcity to abundance, you gain more by helping and partnering with others than by protecting every idea. Control Your Destiny. Don't rely on jobs, markets, or luck — build something that gives you control over your time, your income, and your future. Don't Quit Too Soon. You're often much closer to a breakthrough than you realize. Keep pushing, refine your focus, and surround yourself with people who challenge and support your vision. Links & Resources Investor Fuel Mastermind: investorfuel.com Investor Launchpad Challenge: investorlaunchpad.com Investor Machine: investormachine.com Closing Remarks If this episode inspired you to double down on your goals and build a business that truly supports your life, make sure to follow, rate, and review The Pete Podcast. Your feedback helps us reach more entrepreneurs who are ready to grow, focus, and win together.
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