Dave Lukas Chats with Bob Burr
262: Lessons, Wisdom, and How to Succeed with One of America’s Top Oilmen, Bob Burr
This week’s Misfit Entrepreneur is Robert Burr. Bob is one of kind. He’s been in the oil business for over 40 years and has generated hundreds of millions of dollars during his career. He’s shared the stage with everyone from Robert Kiyosaki to Peter Schiff educating people on the opportunities, benefits, and risks of investing in oil and gas.
Bob is a master syndicator and deal strategist…but you know what, he retired a number of years ago and after spending almost every day on the golf course and with grandkids, he felt the urge to come back. It it was the pandemic that made him jump back in with both feet because it created some of the best oil and gas opportunities he says he’s ever seen.
I asked him to come on to share his wealth of knowledge on investing in oil and gas and his philosophies on business.
Bob started out in the insurance business in the 70’s and had huge success. He was making more money than he ever thought he would. His brother got into the oil business and recruited him to help sell the investments. His brother would run the business and he would raise the money. The timing proved to be tough as it came right as oil and gas embargoes started, but they worked their way through and went on to have massive success over many years.
As Bob says, “It wasn’t easy, but it has been a passionate, life-fulfilling mission that he would not trade.”
Bob wrote about his story in his book, Leaving Your Pack.
At the 6 min mark, Bob talks about a conversation with his dad that helped put him on his path and about “being in the game.”
Talk to us about the types of things and deals you do in oil and gas…
What are the risks that people should know about when investing in oil and gas?
At the 26 min mark, Bob talks about the tax-free way to “roll” oil gains like a 1031 exchange and defer taxes…
What are the principles you build your businesses on?
Other great lessons about entrepreneurship and how to succeed from your journey?
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