EP 76: $40,000 in 40 Days, Zack Boothe, Millionaire / Real Estate Investor / Driving for Dollars
Updated: Feb 23, 2022
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This week on The Millionaire Choice Podcast, Tony talks with Zack Boothe, successful real estate investor and Founder/Owner of Driving for Dollars Mastery. Tony and Zack discuss being broke, building wealth, and how Zack made $40,000 in 40 days starting with only $1,000.
Zack grew up in a humble family with meager financial means. His grandfather died with two teeth and a gun to his name. Zack’s dad grew up asking for food from his neighbors to feed his younger siblings. Zack is changing his family tree.
About Zack Boothe
Man, I remember what it was like when I first got started in real estate. I’d wake up every morning full of confidence and courage, ready to attack the day. I had a focused plan and I knew exactly how to find smoking hot real estate deals, and quickly turn those deals for huge profits.
Quite the opposite. In fact my reality was fear, doubt, overwhelm, and frustration. I worked my butt off but I was drowning in bad advice from gurus, and strategies that either didn’t work or just weren’t congruent with who I am.
Five years later and I’ve done over 300 real estate deals and have generated millions. Over the years I’ve made a lot of mistakes and have learned a lot of lessons (sometimes the hard way), and I’ve built a dream real estate business…and I’d love to show you how you can too.
Learn more about Zack Boothe, https://dfdmastery.com
Take advantage of Complimentary Life and Money Mentor Session with Tony or Downloand FREE eBooks.
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Show Transcript
Tony (00:00):
Hey, welcome back to the millionaire choice show today. We're gonna have a really fun time with Zachary Booth. He's a 32 year old millionaire real estate investor and success mentor. And the host of the driving for dollars podcast. Now this guy, when you hear his story, you're gonna love it. How he went from broke to making over a million dollars a year in the real estate investing. He's gonna talk to you a little bit about how he did that. And, he's got some real treats for you at the end of the show today on how you can, get some of the information he's got available for you. So stay tuned. Zachary, thanks for coming on the show today.
Zack Boothe (00:33):
Yeah, thanks for having me. Appreciate it.
Tony (00:34):
Yeah, man, I love your story and people hear me say this all the time on the show. I love the story of people who grew up broke, just like I did. We were not born with a silver spoon. A lot of people believe millionaires are born with a silver spoon in their mouth and it's just not true.
Zack Boothe (00:51):
Some of them are right.
Tony (00:52):
Yeah. Some are some are, but, according to the millionaire next door book, one of the biggest research books on millionaires, 80% the millionaires out there, like first generation millionaires. And I think Dave Ramsey also just did a research book too as well. It was everyday millionaires before I think he's repackaged that book, but the same statistics are out there, like first generation millionaires, people that grew up in, not wealthy families, but decided they wanted to build wealth. And, yeah, I just love hearing the different stories. And so share your story a little bit with the future millionaires listening to the show.
Zack Boothe (01:27):
Yeah. Well I kinda go back to what made me wanna make money, started when I was young. So I grew up in Salt Lake City, Utah. I grew up in the, Western valley there in salt lake city. The lower income area. My grandfather was an alcoholic and gambler, died with, two teeth and a gun to his name, pretty rough history in my family. my dad's side, my dad grew up asking for food from his neighbors to feed his younger siblings. met my mom in high school, high school sweethearts and were married. And my mom came from a little bit more of a stable family, hardworking blue collar family. And, anyways, they did a great job. I have four siblings, but we were raised to work. We were raised to be independent. I have one sister and, and three brothers. My sister's pretty spoiled. Rightly so with only, only, only daughter,
Tony (02:33):
Hey, I know how it is. I've got three daughters of my own and I had two boys and then I got three girls and that first girl I'm like how in the world were girls born knowing how to act that? That way to get wrapped around their fingers so quickly.
Zack Boothe (02:48):
Yeah, it's crazy. I have a little girl that's gonna be three here or no, she is three soon be four pretty soon. It's crazy the difference between my little boy and little girl, but, anyways, my dad raised us to work. he worked his butt off always, very frugal, and, he was hard on us. It was his way or the highway, and I will always be grateful for that. I will always be grateful to being raised to learn, to respect and others and to respect your authority and, my father figure and he was fair but tough. And, we worked after school. At 16, he cut me off financially. He said, you're a man now you'll take care of yourself. And he covered food housing, and that was it.
Zack Boothe (03:36):
So, from the time I was 11, until I was 15, I worked for the family lawn mowing business. After school, after work weekends, we were mowing lawns and picking weeds and fixing sprinklers and all that stuff. So did a lot of that when I was 15, I wanted to do, I wanted to go do other things plus what they moved. And it kind of became inefficient for me to go back to salt lake when they move 45 minutes north, where all of our clients were. And so I took up a job doing finished carpentry and framing. By the time I was 17 and I started my first business, I had done handcrafted cheese. I did tax DMI. I had worked in a wood mill. I went to Nova Scotia, Canada for my last job. My junior year, summer worked 80 hour work weeks.
Zack Boothe (04:19):
And I did that because of my dad. Wouldn't co-sign a loan for me to get my first truck. He said, if you want a truck, you'll get the cash if you want it bad enough. And so I got the cash, and, I did it. And at that point I was sick of working for other people right at 17 years old. And I remember when I was 14, I was mowing lawns late at night with my dad and mowing lawns. And these John giant, giant mansions in these neighborhoods up above the capital in salt lake. And where all the jazz and the Larry H. Miller, the owner of the jazz lived. And I used to wave at Larry H Millers he'd drive by this, billionaire. And I'm like, man, like, why am I? And I remember asking my dad, I was like, dad, why are we mowing their lawn?
Zack Boothe (04:59):
Like, why are they rich? Why are we not rich? And I remember my little brain at the age of 14, I was already trying to comprehend why, what is it that makes them different? And, I asked my dad and I would bug him. And he is like, Zach, I don't know, ask my rich friend. So he told me to talk to his friend, Clint. I was like, dad, Clint's poor. What are you talking about? Right. And he's like, no. he's like, he's just cheap. But he had a lot of money. He's not poor. He's just cheap. Yeah. I was like, he has a beat up truck, and I was like, he doesn't even have a nice truck dad. And he is like, I know he's just cheap. And so anyways, I called up Clint. I was serious about it. I called him. Clint, what do I do?
Zack Boothe (05:39):