Axel Meierhoefer, PhD is the Founder and CEO of The Ideal Wealth Grower. If you haven’t heard about it before but you’re interested in personal finance and having passive income through real estate, but don’t want the whole guru vibe of the real estate industry, this is the episode for you. In this episode, Axel talks about the tactical side of wealth building through real estate like the mindset, and the law of attraction just being one of six laws that you need to be aware of when it comes to going for your goals.
Let’s dive right into the episode and learn what the Grower Method is all about.
[00:01 – 06:04] Opening Segment
What kind of mindset we have is very important when we’re talking about investing, especially in real estate. As a successful real estate investor himself, Axel is currently working on The Mindset Manual. The Mindset Manual basically has three parts
The first one is about going through a victim mindset to a creator mindset. People with a victim mindset often think that they don’t have enough money, and a lot of other negatives. On the other hand, people with a creator mindset are looking at how they can actually accomplish their goal, and what they’re actually aiming for.
The second part is all about shortening the time it would take you to learn most or all of the things that you need to somewhat safely and confidently start investing. You can listen to podcasts, read books, do all kinds of research, or work with a coach and a mentor, which is also something that Axel’s company offers.
Lastly, the third part is a system called a GROWER which is actually an abbreviation for a cycle that we go through to find our success.
[06:05 – 16:00] The GROWER Method
The G in Grower stands for Goal. What is the goal that you’re setting for yourself? What would you like to accomplish?
R stands for Reality. What is your current reality? What are all the things that influence you to either advance on your goal or hold you back towards reaching it?
O stands for opportunities. We should look at the opportunities that we can take advantage of right away or in the short term so we can create for us the right circumstances. It also stands for Obstacles. What are the obstacles and hurdles that are on your way?
W stands for What actions you will take. It’s one thing to talk about all our plans but we also have to actually commit what concrete actions we’re going to do to move us closer towards our goals.
E stands for experience. What was your experience when you were executing your action? Were you surprised by the things that you discovered?
Lastly, the second R stands for results. What results did you get from accomplishing all the other previous steps? Does these results, in some way, influence your goal? And how does that apply?
Overall, the GROWER method is a cycle that keeps going round and round and help you achieve your goals if it’s something you’ll keep on consistently practicing.
[16:01 – 35:40] The Six Laws
In addition to the GROWER method, Axel also talks about the Law of Attraction in The Mindset Manual. You’ve most likely heard about why it works but here, Axel also talks about the reason why it DOESN’T work. It’s because there are actually five other laws together with the Law of Attraction that all need to be applied together.
The second law is The Law of Purpose. It’s basically saying that after you have identified from the first law, what is now your intention? What are you actually aiming for? Basically, the question in the law of purpose that you want to answer is “Why?” Why is this something that you actually want to do?
Next, the Law of Choice and Accountability means that you have to determine what are the steps that you’re actually willing to take to work steadily towards that original goal. Then looking at the big picture, you also want to look at these actions if they’re really aligned with where you want to go – the Law of Alignment. Because to make the Law of Attraction work, you would want to frequently check if everything you’re doing is still aligned with your original goal. And if you are out of alignment, how do you get yourself back on track?
The next one, the Law of Faith doesn’t necessarily refer to religious faith, but having that faith in doing something that you for yourself have determined to be worthwhile. Even if there’s a MILLION naysayers.
Lastly, the Law of Gestation is basically about patience. Because some people would not want a goal that would take 12 years, for example. However, if it will give you financial independence, twelve years is still much shorter compared to working 30 or more years until your retirement.
[35:41 – 40:59] Axel’s Mentorship
With his expertise in helping people reach their goals, real estate investing, and reaching both financial independence and economic independence, Axel also talks about how he has helped this people through his mentoring process.
He describes that his mentoring generally falls into three phases. The first phase is encouragement and establishment. He makes the people he’s mentoring establish what is their current reality. We can’t change how we got there but we can change where we go from there. So Axel helps people establish that current reality and then encourage them to change it, one step at a time.
The second phase is the guidance phase where he basically guides people to check on themselves. Are we still aligned? Can we do a little more? Are we doing the right thing? Are there new opportunities? Is there more stuff that you need to learn that you weren’t ready for, but now, you are as you’re moving along?
The third phase is something that may surprise you but Axel calls it the holding back or the measurement phase. It’s because people can get over excited upon seeing that something works. And so this phase is the phase where you slow down your acceleration, pivot, and allow yourself to do more than just cover your costs, like pursuing your passions, doing things you actually love doing.
[41:00 – 46:16] The FOCUS FIVE Segment
The FOCUS FIVE are five questions I ask every guest on my show. Keep on listening to find out what book Axel gifts most often; who would he talk to if he can get an hour of any person living or dead, from the past or the present, and why; that one thing he believes but most people will disagree with; his morning routine; and lastly, where are the best places we can connect with him online. (See the links below for Axel’s social media links!)
“You need to be willing to acknowledge that massive change is necessary if you want a different result.” – Axel Meierhoefer
“The Victim mindset is all about looking at all the negatives. The Creator mindset is looking at how can I actually accomplish what I am aiming for, what my goal is and looking at how do I get there, so this mindset is optimistic and positive and is much much better.” – Axel Meierhoefer
“If you only look at the Law of Attraction, you only put this relatively simplistic intention. Oftentimes it doesn’t work.” – Axel Meierhoefer
“The beauty in investing is, you can define by yourself, what you want your end result to be. Then it’s a matter of going through the right steps to get there.”- Axel Meierhoefer
Resources mentioned in the episode:
Connect with Axel Meierhoefer on LinkedIn and Instagram, or visit https://idealwealthgrower.com/. Be sure to check out his Youtube Channel here and get a FREE Mindset Manual here and use coupon code “hans”.
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