Episode 131 - Mikey Taylor : We're Built To Doubt Ourselves

Mikey Taylor Thumbnail.jpg

Mikey Taylor is a professional skateboarder turned entrepreneur & real estate investor. After spending 15 years as a pro, he’s now focused on helping people create a path to financial freedom through real estate investing with Commune Capital. He’s also the co-founder of SOVRN Skateboards and AVNI Intelligence.

In this episode he discusses the importance of surrounding ourselves with people better than us, our why is more important than money, being selfless is better than being selfish, to become financially free we must live below our means and his belief that we’re built to doubt ourselves.

Check out the podcast on YouTube, Spotify, iTunes & more HERE.

Podcast Outline (Time Markers For Audio Version Only)

  • A lesson he learned from skating that he has translated into his entrepreneurial ventures: it doesn’t matter when, it only matters that we do it (4:00)

  • Born & raised in Agoura Hills, CA. Later moved to Newbury Park his freshman year of high school (6:25)

  • Great lesson he learned from his parents (8:20) :

    • I could be/do anything I wanted as long as I was willing to work for it

    • What it takes to have a healthy marriage

  • Tried baseball, hockey & bmx growing up. The passion for skating became an obsession. It wasn’t about winning, it was about beating himself (11:00)

  • High school years Mikey was quite and shy. Skateboarding was not “cool” (14:15)

  • Convinces his parents to give him 2 years to make money from skating instead of going to college. Within that time he goes from making $0 to making just as much as his parents (16:05)

  • 7 of the 10 guys Mikey grew up skating with ended up going professional, Paul Rodriguez was one of them (19:15)

  • Surround Ourselves With People Better Than Us (19:50)

  • Meeting Eric Koston, someone he had looked up to was a special moment (23:00)

  • Gets sponsored by major brands DC Skateboarding, Etnie Shoes, Spitfire Wheels was both good & bad. The passion turns into a business (24:15)

  • Loved streeting skating more than participating in competitions X Games, Street League, Dew Tour etc (31:30)

  • Losing all of his sponsors overnight in 2017 was one of the hardest moments in his life (34:50)

  • What Is Your Why? (39:30)

  • We’re Built To Doubt Ourselves (40:25)

  • Key element to taking a business from 0 to profitable / sustainable is having a team (43:55)

  • Most enjoyable part of business: building the brand and driving forward the ideas (47:10)

  • Of all the podcasts, interviews & conversations he’s had, his podcast with Drama on Short Story Long is one of his favorites (51:30)

  • Selfless Is A lot Better Than Being Selfish (53:25)

  • Rob Dyrdek turned Mikey professional (55:20)

    • Greatest lesson he learned from him: If you can think it, you can do it

  • Bought first house at 22. Today he’s president of Commune Capital, a real estate investment company (56:40)

  • Best advice for people in their 20’s looking to invest in real estate: House Hacking. Buy a multifamily house, rent out other unit to pay off your mortgage (61:20)

  • Financial freedom is your income is greater than your expenses (68:10)

  • Someday would like to create a school that redefines today's current school system (71:50)

  • Biggest realization since becoming a father of two daughters: the struggle of being selfish (76:30)

  • Call and thank 1 person today it be his longtime friend / business partner Randy (80:15)

  • Mike Taylors purpose is to help create unity between groups of people (82:25)

  • Ask Bobbay any 1 question: What skills did you learn from school that apply now? Now knowing what you know now, would you do it all over again? (86:30)

  • Where to find Mikey on social media

    • Instagram

  • Best advice for finding a passion/purpose (95:05)

    • Follow your interests