#25: A Conversation With Fred Beans – The Daily Cash Flow w/ Peter Siegel

by | Oct 30, 2020 | Podcasts

A Lesson In The American Dream

Fred Beans

Timestamped Show Notes:

4:39 Fred talks about growing up on the farm
5:27…”I think it gave you a certain work ethic, discipline, appreciation…”
8:02   “knowledge is power”
9:34  “owning your own business is a chance for you to become all you can be” 
30:38 “if you live long enough, a lot of things come your way….”
“I like the idea of investing with someone who is smarter than me, and tag along”
“I think real estate….they are not making any more of it. I sort of like it, you are on the right path. I think that there will be more renters in the future”
35:27 “I have always thought that planning was important. Everything you can do should be outlined in a plan because you can stand back look at it and re-work it. 
35:55 A Complaint is a Gift
36:15   ‘It’s like gardening [business]. You plant, you weed, you feed, and you take care of it”
37:38 “you can feel discipline when you walk into a place”
38:18    “What’s really important? Friends do business with friends” 
38:25   “we don’t win on our negotiating skills. nobody does” 
38:35     “my home phone number sits on everybody’s desk”
38:57 ( “if you disappoint people, why would they come back…?”
39:20 “My customers have access to me 24 hours a day on my cell”
42:28     “today it’s all about the internet, the phone, and making an appointment”
43:07   “Money is the report card of running your business right” 
44:46   “do you know why you are here today? You are the only person who wrote me a decent letter”   
49:42 “half the population owns a Bible but they dont read it” Be careful how you live each day, you might be the only bible that somebody reads”
51:00 “Here we grow again”.
52:30  The importance of giving back. 
54:05   “I cant remember anytime when someone gave me something and I felt good about it. I always felt better when I gave a gift.  If I give someone a book I gift wrap it so that they dont feel like I grabbed it off a shelf”

Please enjoy!

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