Be Wary of the Midas Syndrome - Matthew Drouin

Aiming for a huge target is not at all bad, but the harsh reality should also be considered. In this episode, we feature Matthew Drouin and his story of doing a deal that entails facing problematic neighborhoods and people down on their luck. He talks about his experience of regret looking upon himself as a hero and brings the invaluable lessons he learned from it.

 

[00:00 - 08:51] When the Harsh Truth Slaps, We Go Back to What Matters

• Back into real estate by accident as a residential agent
• The struggles of being poor in an affluent neighborhood
• Witnessing his parents die young without time to enjoy life

[08:52 - 18:19] From Hero Complex to Midas Syndrome: The Horror Story

• When there is a level of sketchiness in the neighborhood
• Facing the mental stress of pulling off a risky deal
• Realizing the significance of sticking to your principles

[18:20 - 19:16] Closing Segment

• Unexpected things can happen
• Final words

 

Tweetable Quote:

“ The biggest mistake I made on this whole thing was right in the beginning, I got the hero  complex and also the Midas syndrome on this. And I was not doing it based upon logical reasoning in terms of sticking to my guns and all the principles that had made me successful.” - Matthew Drouin

 

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