logo
episode-header-image
Jul 2021
1h 10m

From A Millionaire To An Uber Driver And...

Matt Aitchison
About this episode

In this episode of the Millionaire Mindcast, we have an impressive guest, Aaron Amuchastegui who shares his big wins and big losses in life, and all the craziness, how he got behind the bars but stand & back up, how he started on flipping houses, the story of massive success and how he blew it away, how he back up for the third time around, and actionable tips on how they live a rich and reasonable life, and keeping it on the zenith!

Aaron Amuchastegui is a best-selling author of 5 Hour School Week, an entrepreneur, a real estate investor who had flipped over 1,500 houses all around the country, one of the principals at Homerock LLC, a real estate consulting company focused on distressed assets, owner of Aaron Amuchastegui Construction, a contractor focused on high-speed high turnover remodeling projects improving value to distressed properties, and the President of AMA Construct Inc, who has managed the acquisition and sales of more than $100 Million dollars in single-family homes acquired at the trustee sale and through public-private partnerships with Nonprofits and banking partners. 

Aaron’s dad was a custom home builder and his grandma was a developer, so he grew up doing construction real estate that’s why he always wanted to do it. He was 20-years-old when he started partying all the time, did crazy things, got into trouble, and got behind the bars. Aaron wasted his most productive time in prison.  He realized that he needs to gain it back and it drives him to get out there and make his life better.

This guy makes up the lost time, tries new things, and shifts his life on the right path. Later, Aaron started flipping houses and succeeds. But because of unplanned actions & uncontrolled spending on the wrong things, they blew up the opportunities. They hit the bottom but during his down moments, Aaron swallows his pride from being a millionaire to doing manual jobs like what a carpenter typically do, and became an Uber driver. He decided to do something and not just be lazy to go back in the path. 

They hold their faith and their spiritual part stronger and it really helps them get up and back up. Now, Aaron and his wife Kaleena have over 1,000 rental properties and looking forward to adding more. The couple makes sure they would not miss the second chance; they spend their money on the right thing, donating a portion of their income to the church,  and building more memories with his family. One thing that they’re sure of, even if they went broke again; they wouldn’t regret they wasted their money on stupid things and they set their family as a priority.

Some Questions I Ask:

  • Where did all this start? (00:30)
  • What was your mindset when you’ve got in trouble? (03:37)
  • You’ve got your turbulent time in your life, where does that take you next in your career? (13:44)
  • Being in a rough spot and rough place, what was your mindset at that point in time(28:00)
  • How did you assess doing those necessary things to get you back on the path? (38:10)
  • How have masterminds played the role in what you’ve accomplished over the last 3-5 years? (42:12)
  •  How’s your intention of showing up to mastermind events and the relationships that you’re building? (44:59)
  •  How do you find time for the balance? (51:13)
  • Give us three (3) productivity tips that the hard-charging entrepreneurs and wealth builders can take away from this episode. (01:00:38) 

In This Episode, You Will Learn:

  • Aaron’s shame & guilt in life. (04:24)
  • How Aaron gets his life back and started flipping houses. (15:04)
  • Things that would happen with success and money without knowing what you’re getting into. (24:09)
  • How Aaron shifts his life and the habits that he adapted that raise him up again. (29:18)
  • The lessons that he learned during his down moments. (31:12)
  • The couple big things Aaron learned that went him to like a thousand of rental properties now. (33:50)
  • Why Aaron gives away 30% of their income and profits to churches now. (35:31)
  • How mentors have helped Aaron. (37:20)
  • Setting the KeyStone Goal of the Year. (01:01:24)
  • The importance of having a planner and a journal. (01:04:43)

Quotes:

  •  “There’s nothing that will teach us like our mistakes will.”

  • “It’s the best thing that people should be judged on what they do after the mistake not the mistake.”

  • “People’s pain levels are different.”

  • “God putting the pieces together.”

  • “It’s been really really fun to get to rebuild and change.

  • “You have to hunt to find that value.”

  • “Mistake is what creates the best memory and the best action.”

  • “Don’t let anyone else decide how you should run your day.”

Resources Mentioned:

The 4-Hour Workweek by Timothy Ferriss

The Miracle Morning by Hal Elrod

GoBundance

FamBundance

Connect with Aaron Amuchastegui on:

Instagram

Aaron Amuchastegui Construction

The 5-Hour School Week book by Kaleena Amuchastegui & Aaron Amuchastegui

Up next
Yesterday
Should I Tokenize My Commercial Real Estate Deal? | Wise Investor Segment
Is tokenizing your commercial real estate deal the future, or just a flashy gimmick? In this episode, Matty A. demystifies real estate tokenization, breaking down how digital tokens can transform ownership, liquidity, and investor access. Learn:What it is: Turning property shares ... Show More
21m 45s
Jul 9
Tariffs, Trust, and Real Estate Trends: Bold Moves, Backlash & Baby Bonds | Money Moves
In this post–Fourth of July breakdown, Matty A and Ryan dive into a fiery mix of politics, policy, and financial strategy. From the potential September rate cuts and a sluggish real estate season to massive institutional plays and controversial political shifts, the guys don’t ho ... Show More
39m 37s
Jul 7
How To Setup and Structure Your Investing Entities For Maximizing Tax Benefits and Protecting Your Wealth | Jonathan Feniak
In this value-packed episode, Matty A. is joined by Jonathan Feniak—attorney, educator, and founder of LLCAttorney.com—to walk through the essential strategies behind smart entity structuring. Jonathan breaks down everything from LLCs, S Corps, and C Corps, to revocable living tr ... Show More
45m 38s
Recommended Episodes
Feb 2023
How I Made My First Million | Ep 500
Paying attention to profit can possibly make you millions. Today, Alex (@AlexHormozi) talks about how a key moment in his life became the catalyst of his decision-making, the struggles he went through, and the success that followed 6 to 12 months after with Gym Launch.Welcome to ... Show More
32m 30s
Jan 2024
How To Make A Million, Net A Million, Pay A Million, And Comfortably Donate A Million (Per Year) w/ Ben Kinney
What does it take to build a business empire worth over a hundred million dollars? (REPLAY) Join us as we sit down with the incredibly successful entrepreneur, Ben Kinney, who shares his insights on wealth building, business ownership, and the importance of giving back. From his ... Show More
49m 31s
Jan 2021
656. Behind the Scenes of Building and Selling a Massive Brand - with Josh Landan
In This Episode You Will Learn About: Being the big fish in the pond Finding contentment in your everyday life Having faith in your ability to execute your ideas Knowing when to go all-in Recognizing whether you’re an entrepreneur or an employee Staying humble and keeping perspec ... Show More
1h 23m
Mar 2023
Why Creating Another Business Isn't The Answer | Ep 518
Take a few steps back, and you won't regret it! Today, Alex (@AlexHormozi) talks about his experience of starting another business was a mistake, the lessons he wishes to impart, and why doing boring work is just as important as making money.Welcome to The Game w/Alex Hormozi, ho ... Show More
13m 58s
Mar 2021
98: Build a Big Life, Not Just a Big Business: Advice from The Hosts of The Empire Building Podcast
How do you build a business that ties in healthily with your life? While you’re trying to bring in millions in revenue, are you there for your children, your spouse, your loved ones, or even yourself? If not, why are you building the business at all? This was a main topic of disc ... Show More
1h 12m
Jun 2021
When To Start A Business | Ep 313
Entrepreneurship was never easy. Today, Alex (@AlexHormozi) talks about the roller coaster moments in his life, one of the hardest decisions he had to make, and gives advice on evaluating who you are and where you’re at. Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, ... Show More
15m 40s
Aug 2021
Jerome Maldonado. Winners & Losers in Real Estate. Episode 393 with The Real Brad Lea (TRBL)
Jerome Maldonado is a highly successful real estate investor, business owner, coach and speaker. Inspired by his parents’ dedicated work-ethic, Jerome has always had a hunger for success and a willingness to do whatever it took to make his vision for his life a reality. Starting ... Show More
1h 13m
Sep 2023
Alex Hormozi | $100M Business: How to Get Strangers to Want to Buy Your Stuff | Podcast series / Marketing
I’d like to re-introduce you to Alex Hormozi, a entrepreneur who is having a moment. If you don’t know Alex, he’s pretty amazing and is an amalgamation of influencers who have gone before as if Gary Vaynerchuk, Russel Brunson, Tony Robbins and Schwarzenegger had a baby. He's ... Show More
1h 38m
Mar 2024
The Road to Becoming a Billionaire Pt.1 (on Iced Coffee Hour) | Ep 679
“You can work smarter not harder, but you have to work hard in order to work smarter.” Today, join Alex (@AlexHormozi) as he guests on Iced Coffee Hour to his unconventional perspectives on entrepreneurship, success, and achievement. He sheds light on his unique strategies that t ... Show More
1h 11m
Aug 2020
396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui
No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?That's what you'll learn today, from two investors who have completed over 1,000 deals each ... Show More
1h 34m