Feb 14 2023 49 mins 62
Growing up on a dairy farm in Illinois, Gary would see bankers show up and talk to his dad every day. It was the 80s and inflation was killing people’s livelihoods. The bankers had a 21% interest rate on his family farm and they simply couldn’t keep up. This is the story of how Gary’s life unfolds from spending his childhood in poverty to having abundant wealth and agency as an adult. Today Gary Pinkerton is a wealth strategist and US Navy veteran with 26 years of service under his belt. Get to know his unapologetic attitude towards embracing adversity, Gary won’t tell you to go easy on yourself. “There's no business, no rare car in the garage or anything, even relationships that are going to protect you and your future. The only thing that can protect you in your future is yourself and your mindset and your ability to go out and raise uh, capital or to add value to others that they will compensate you for.” (28:01 ) Adversities Gary Pinkerton had to overcome: - Poverty and living in a trailer after his farm was foreclosed on as a child - Father passed away when he was a freshman at the Naval Academy - Ethical challenge Gary faced in the Navy Abundance Gary Pinkerton created: - 26 years of service in the Navy - Earning respect after taking ownership during an ethical dilemma - Became a wealth strategist Lessons from Gary Pinkerton’s adversities: - “Good times create weak people” - Don’t rob your children from the lessons of adversity - Systems are how you sustain your agency Tune in as Gary Pinkerton and Jamie talk about: (00:00 ) From poverty to infinite banking (08:03 ) Bankers duping farmers (11:36 ) Living in a trailer as a child (17:55 ) Attending the Naval Academy (20:26 ) His father’s passing and an ethical dilemma during service (26:17 ) Why he would not protect his kids (31:09 ) Rapid-fire questions (34:51 ) How to create the story that makes you abundant (37:48 ) His infinite banking business (41:02 ) Getting kids interested in personal finance (43:30 ) Systems = secret to success? Links BIFI Loan Servicing Books and Resources The Obstacle is The Way by Ryan Holiday Atlas Shrugged by Ayn Rand Breaking The Habit of Being Yourself: How to Lose Your Mind and Create a New One by Dr. Joe Dispenza Becoming Your Own Banker by Nelson Nash Heads I Win, Tails You Lose by Patrick H. Donohoe Perpetual Wealth by Kim D. H. Butler and Kate Phillips Entrusted by Andrew L. Howell and David R. York Connect with Gary Pinkerton: WEBSITE: https://garypinkerton.com/ EMAIL: [email protected] GARY’S GULCH PODCAST: https://garywpinkerton.libsyn.com/ Follow Labrador Lending: WEBSITE: https://labradorlending.com/ LINKEDIN: https://www.linkedin.com/company/71512077/ FACEBOOK: https://www.facebook.com/labradorlending INSTAGRAM: https://www.instagram.com/labradorlendingllc/ YOUTUBE: https://www.youtube.com/channel/UChYrpCUlqFYLy4HngRrmU9Q Connect with Jamie: LINKEDIN: https://www.linkedin.com/in/jamie-bateman-5359a811/ TWITTER: https://twitter.com/batemanjames INSTAGRAM: https://www.instagram.com/batemanjames11/ Investment Opportunity Are you an accredited investor interested in monthly cash flow from an investment backed by physical real estate? Our income fund--which is uncorrelated to publicly traded stocks and bonds--invests in first-lien mortgage notes diversified by geography, property value and borrower type. The fund aims to pay its investors monthly distributions at a preferred rate of return of 8% annually. And possibly the best part? The fund showcases a short, 12-month commitment. Check it out today! https://investors.appfolioim.com/labradorlending/investor/public_opportunities/5
