Eric Spofford
speaker
102 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Eric Spofford’s voice in public audio — every appearance, attributed to the second.
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Appearances
If you understand addiction, it ends in only a couple different places. The person ends up in recovery or they end up in jails, institutions and death. And the thing you need to consider is what are you going to regret if the worst case situation happens?
And that is the tool, the mechanism that you need to overcome your anxiety and your fear on confronting your loved one that has alcoholism and has addiction
Straight to the money. We're out here breaking rules. I like it. That's appropriate, right?
If anyone's going to break the rules, I'm honored.
Quick bio, folks. Listen, grew up in the greater Boston area. Lived a very crazy life. Got involved in drugs and alcohol. Young age. state's youngest convicted drug dealer. I believe I still hold the record for that. Fifth grade, I believe I was 11 years old, selling weed. Yep, got a kid named Garrick Pelletier, ratted me out. I still fucking hate him. Just kidding.
And, you know, that led to, you know, the next 10 years of just an insane life. Got addicted to Oxycontin, which turned into heroin. You know, crime, violence, jail, streets, yada, yada, yada. And I got sober on December 7th of 2006, just before my 22nd birthday. Went on to find a passion in helping others recover from addiction and alcoholism. Did it at first on a volunteer basis.
That turned into an entrepreneurial idea. Started my home state's very first sober living home. Scaled that over 13 years, two months to the largest provider of addiction treatment services in New England. Sold it for $115 million to a private equity-backed strategic.
Alongside that, I've done a couple hundred million in real estate transactions, invested in many other opportunities, and built a little bit of a personal brand. I've been messing around here on social media for the last few years, having a good time. connecting with like-minded folks like Dan.
Now, today, back at it in the addiction treatment space, active day-to-day CEO of two explosively growing businesses. One, Treatment X, a national collective of treatment centers. We acquired two businesses in Q4 of last year. We're set to acquire four more this year. So we're currently operating facilities in California, Ohio, and Pennsylvania and growing expeditiously.
And then a separate business, which is Turnkey Real Estate, where we are taking ordinary average Americans and giving them the opportunity to buy investment-grade single-family homes under $100,000 that are cash-flowing with low-income Section 8 tenants. So that's the majority of my day-to-day.
I also oversee a transportation chartering company consisting of a private jet, my Challenger 604, a 92-foot yacht, the bonus round. and many other things.
It was December 21st was 2021 was my money day. I don't know if it was a Monday or not.
Yeah, it was my Money Monday. And I sat, you know, for the closing call and they clear it and they say all the wires have been sent and then you sit around all day refreshing your online banking app.
it was like 5 35 that night and i was sitting in my kitchen with my feet on my table honestly getting frustrated because i'm like yo it's after banking hours where's my money and i refreshed it for the last time and boom all that money just showed up and uh it was that was the probably the craziest feeling uh that i it was a wild experience you know what i did next I went to fucking work, guys.
That's what I did. I got up the next day. Yeah, yeah, yeah. And so I got up the next day. I drove with Lori, my right-hand chief operating officer, been rocking with me a long time. And the next morning, we were standing in front of some brick mill buildings that I was considering acquiring and renovating into apartment buildings.
like two hours away from home, outside of Boston on the South Shore, freezing cold, holding a hot Dunkin' Donuts coffee. It's like 9 o'clock in the morning. We've been up since 5, on the road since 7, and she whacks me in the arm and looks at me. I mean, we just cashed an enormous check. You'd think we'd go to an island and celebrate or something.
And she says, we're never fucking taking a day off, are we? I said, probably not. That was three years ago, and we haven't. We haven't taken five seconds off. Wow. I don't know anything about a vacation. I know more about changing scenery and working from remote locations.
No number.
Because what people don't understand. frequently is that like they see these oh this guy's worth 1 billion or 200 billion or 50 whatever there's a certain threshold where life doesn't change right you run out of shit to buy right I have a ton of exotic cars there's not a car on the planet I couldn't make a call and have it dropped off right So it's like, all right, whatever.
I own a plane, a boat. We're sitting in a fucking $20.75 million home in the Venetian Islands of Miami right now. What else are you going to buy? And so it has to become for a love of the game. It has to become about the sport of business and entrepreneurship and the grind and the grit and the team and the camaraderie. And so when you love it as much as I love it, it's really not about the money.
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