FLA #154 Mike Russell - How to Overcome Adversity in Life and Business Starting Over From Scratch

18 Feb 2025 • 45 min • EN
45 min
00:00
45:11
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Michael Russell seemingly had it all - a successful family real estate business, every afforded opportunity, a happy and healthy family.  Unfortunately, his excessive lifestyle led to divorce, foreclosures, short sales, bankruptcies and shame. It took the better part of a decade to fully turn it all around.  Those years in financial ruin felt like they would never end, it didn’t just take time to rebuild, it also took a complete change in how he thought and acted. The rebuilding didn’t really begin until the 7 year timeframe since discharge from bankruptcy had passed.  Filing bankruptcy felt like the only option at the time, but in hindsight and through the benefit of knowledge, there were many other paths that could have remedied his issues.  Once that very slow period of becoming financeable began, he looked at relationships with banks from a much wiser position.  As a result of filing bankruptcy, the full turn around took about 9 years to take hold and become something of a solid baseline to rebuild from. Since that time, he has redefined his career in real estate sales, investments and consulting; maintained what is close to a perfect credit rating and mended the relational struggles that came as a result of all the financial turmoil. Most rewarding in this process has been the mending of the relationships that became so torn as a result of all the struggle.Coming in a close second is the advising of others who find themselves in similar positions of uncertainty and financial distress – in exchange for nothing but a testimonial and a handshake agreement that should the property owner ever wish to sell, Michael is the person they trust to help them.Through simply paying it forward, Michael’s preference is to help people avoid foreclosure, avoid bankruptcy AND remain in their home; this is the trifecta of perfection. With accountability, action and effort this trifecta is possible about 50% of the time. Michael is also the President/Owner of Century 21 Signature Properties, one of the original CENTURY 21 franchises in the country.  About 40% of the time, selling the property proves to be the only way to avoid foreclosure, Mike and CENTURY 21 have helped thousands of people do just that. In our podcast, Mike shares how he overcomes his struggles and how to overcome adversity and why those facing foreclosure should be taking every measure necessary to avoid being foreclosed on.  You Can Find Mike @: Website: https://hope4hardship.org/ 🏆Click Below To Access FREE Trainings For Realtors🏆 https://nfiniteagents.com/free-training 🏆 Join My Real Estate Group and Get Access to Free Coaching, Systems, and Tools: Book a Call Below!🏆 📲 Book a Call With Me: https://nfiniteagents.com/

From "Free Life Agents: A Podcast for Real Estate Agents Who Want to Develop a Passive Income Lifestyle"

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