Robert Leonard, and a new guest co-host, chats with Terrence Murphy to talk about lessons he learned from having a dream he worked his entire life for ripped away right after it was achieved, how he persevered and avoided going broke unlike other athletes, how he transitioned to real estate and is now a successful entrepreneur, and much more. Terrence was a top football player drafted by the Green Bay Packers, who became a real estate investor in the Texas real estate market after retiring from the NFL. He founded the brokerage TM5 Properties in 2010, and has completed over $250M in sales volume over the past 10 years. He has also successfully started a number of other ventures and companies over the years, including Murphy Signature Homes and the Real Estate Entrepreneur Podcast.  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:26 - How to avoid struggling financially or going broke (as an NFL player) after retirement  12:07 - Why real estate is a good back up career and where to begin 13:45 - How to scale your company and best manage multiple real estate businesses (i.e. real estate brokerage, a property management company, a mortgage company, an insurance company, etc.) 17:59 - Which real estate business is the most profitable  20:20 - Why hiring candidates with little to no experience may be the best strategy for entrepreneurs 23:19 - How adaptability and being “smart enough to know what one doesn’t know” can help propel one’s career 26:00 - Whether to focus on one business or juggle multiple businesses at the same time 28:42 - Where should new real estate investors start first? 34:26 - How to set up a personal portfolio outside of one’s business  36:30 - Terrence’s financial worries for the next one to five years and how he is making preparations to protect his investments  38:25 - Which habits or principles to incorporate into your life that will help lead to your success 39:24 - Advice to Listeners ✔️ Subscribe to Real Estate 101 podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/real-estate-101/nfl-to-real-estate/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.