Show notes
In this episode of the Millionaire Mindcast, we have our guest RJ Burr. He will share his insights regarding how RJ and his family built up an oil company, misconceptions around the Green Movement energy movement, Oil & Gas Investing 101, how COVID make a big drop of oil and the transformation of industry, and different stages of the oil company, similarities of real estate and oil as an investment, and the future of American Energy!
RJ Burr is an entrepreneur, one of the owners, and Sr. VP Corporate Operations of Panex Panther Exploration, an oil and gas exploration and production company based in Bowling Green Kentucky. It is one of the successful oil and gas energy companies in the US.
This is an exciting topic since the energy industry is hidden and not typically talked about. Knowing these things will help you prepare for interesting and exciting opportunities in space. Just like any other company, Panex also went through tests and trials but managed to stay on top. RJ believes that the moment you become a man is when you realize you trust your own judgment of the situation. Accordingly, deal in facts, and believe in your soul.
For RJ, oil is the greatest industry in the world he has ever known, because without oil we would not be where we are today. This is an amazing wealth-building vehicle that is currently shaping and transforming the future going forward.
Some Questions I Ask:
How did you guys get into oil?
Where did your entrepreneurial bug start?
Since the inception of Panex, how have you guys navigated the tough times and folded through as a company that has led you to the success you have today?
How were you guys navigating the opportunities that you see coming?
What was the mind game for you in those moments of trials, and how does that translate into how you run the company now?
How are you guys navigating the misconceptions around oil and gas with clean and green energy in terms of business to thrive going forward?
How strong or weak is the United States from the energy standpoint right now, and what direction are we turning in?
If there were a couple truths that you want to leave with people about your industry, what would you tell them?
If you were to make one bullish or bearish prediction for oil over the next 12 to 24 months, what would it be?
In This Episode, You Will Learn:
The misconception of oil
RJ’s best advice to his children
The 3 different stages of oil company
The evolution of Panex, and oil
RJ’s 3 piles of money
One factor that RJ will look for before doing a business with anybody
Quotes:
“Sales is everything.”
“Money is not the sole reason you do everything, however to be a strong motivator.”
“The moment you become a man is when you realize I trust my own judgment.”
“Feelings have nothing to do with facts, the facts don’t care.”
Connect with RJ Burr on:
Panex Panther Exploration
LinkedIn
Oil Investing 101
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Show Brought To You By: TheRichLifeAcademy.com
Episode Sponsored By: TheRichLifeStore.com
Questions? Comments? Do you have a success story you would like to
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