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Ep 6. How to Escape Corporate America with Ryan Narus
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When you’re in the nine-to-five grind, most of the time, the reality of the hustle just couldn’t get any clearer. It is a cycle. You get in, you work hard, you chase promotions, and you do that over and over and over. Is that really all there is to life? What’s even more worse, landing unfulfilling jobs that don’t pay right isn’t even that easy to do in the first place. Today, we have someone who comes from a perfect background to talk about all of that. In this episode of Wealth Science Podcast, Ryan Narus helps us understand how he escaped the corporate world, what the corporate lie is all about, his favorite quote about the ‘reasonable man,’ what empathetic capitalism is, and why he chose mobile home parks as his asset class of focus.
Find out why the corporate lie is probably the most lethal lie of all time in this episode of Wealth Science, with guest Ryan Narus!
How Does One Escape the Corporate Lie?
When Ryan left corporate, it didn’t automatically take off for him either. If he was clear about one thing, it was hard. But if you tune in to the discussion, you’ll notice that Ryan ingrained a couple of memorable practices in his life for him to get to where he is at the moment as a real estate investor. One, he read all the books he could read. Years before he started throwing in his bets on mobile home park investing, Ryan went full-on bookworm. In 2012, he read 50 books and committed to reading 50 books per year from that point forward.
Ryan also allowed himself to learn on the frontlines. He taught himself underwriting, accounting, etc. Ryan was all for studying the technicalities, even if this meant that he needed to go shoulder to shoulder with his tenants. Knowing what fits him and what doesn’t was also key to how he got into mobile home parks. When he read about why there’s great potential in RV investing, he was convinced. But because he wasn’t into RVs, he just knew it wouldn’t work out right in the long run. Even if it’s great, it wasn’t the type of great that was great for him.
Listen as Ryan talks more about mobile home park investing in this episode of Wealth Science!
About Ryan Narus:
Ryan Narus is a double graduate of Wake Forest University with an undergraduate degree in Psychology and an MBA with concentrations in Operations and Marketing. He began his career as an award-winning salesman, then took that knowledge to write and sell a book. After graduating with his MBA, Ryan went to work for Wells Fargo’s Operations Leadership Program. Ryan works full-time on operating and growing the Archimedes Group portfolio.
Outline of the Episode:
[01:44] “I bought the lie of corporate America!”
[05:56] It’s all a lie, but in what way?
[11:14] Gaining traction is not always a quick process
[17:12] How did Ryan enter the mobile home park business?
[21:32] I will be a customer of my own business!
[28:37] Ryan Narus on “why mobile home parks?”
[33:57] You could and should be charging fair charges that the market itself sets out!
[39:39] Here’s why you’re probably not rich
[44:59] Don’t invest in single-digit returns!
[48:57] Who are Ryan’s mentors?
Resources:
Ryan Narus on LinkedIn
The Archimedes Group
Mobile Home Park Mentors by Archimedes Group
Mobile Home Parks in Real Life Podcast
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