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EPISODE SUMMARY: Prepare to embark on a captivating journey as we sit down with real estate investor and master certified business coach, Rich Fettke. Rich will take you through his transformational voyage, beginning with his battle against melanoma and his subsequent entry into the world of real estate investing with his wife, Kathy. Learn about their first exhilarating property purchase, the vital importance of passive income and property appreciation, and the formation of their Real Wealth group that helps others invest out of state. Transitioning from pioneers to veterans in the industry, Kathy and Rich Fettke have a treasure trove of wisdom and experience to share. They will shed light on their early adoption of coaching and long-distance investing that has now become a staple in the industry. Discover how their innovative mindset bred diverse business opportunities, and how Kathy's radio show played a pivotal role in their first investment properties in Texas. Get ready to gain a keen insight into the key to staying ahead of the curve and embracing new technology in the always evolving real estate industry. In our final act, we dive headfirst into the exhilarating world of adventure sports with Rich. His thrill for these sports serves as a perfect metaphor for his approach to real estate investing that focuses heavily on constant personal and professional development. You'll hear about his passion for helping others achieve financial freedom and live their best lives, demonstrating the undeniable parallel between bungee jumping off Half Dome and jumping headfirst into the world of real estate investing. This is an episode you won't want to miss if you're looking to gain a comprehensive understanding of the real estate industry with seasoned experts. RICH'S BIO: Rich Fettke didn't realize what he was getting into when he met Kathy 27 years ago, but he's sure glad he did! In addition to raising two wonderful daughters together, Rich and Kathy have learned how to invest together, work together, and still enjoy getting out to play together. Rich oversees the marketing and business development at RealWealth. He is passionate about developing our team and our systems, and is always looking for new ways to bring good people to the network. A licensed real estate broker and investor, Rich is also the former CEO of a large health club franchise and is past VP of the International Coach Federation. As a Master Certified Business Coach, Rich has been featured in such media as USA Today, Entrepreneur Magazine and the Wall Street Journal. He is the author of Extreme Success, Momentum, and his most recent book, The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. RDA Press, his publisher, lists him on their website as a Rich Dad Author and Wealth Mindset Expert. With a love for adventure sports, Rich has competed in the ESPN X-Games and is a record-holding bungee jumper, a skydiver, rock climber, skier and surfer. GET IN TOUCH WITH RICH: www.realwealth.com www.thewiseinvestor.com https://www.instagram.com/richfettke/ https://www.facebook.com/richfettkeofficial/ https://www.linkedin.com/in/fettke/ EPISODE CHAPTERS: (0:00:01) - Real Estate Investing Power Real estate investor Rich Fettke shares his journey of investing, forming Real Wealth, and helping others invest out of state. (0:07:54) - Early Adoption and Real Estate Investing Early days of real estate investing, pioneers in coaching and long distance investing, first properties in Texas, staying ahead with technology. (0:21:55) - Real Estate Investing for Financial Freedom Real estate investing for wealth and freedom, working with a vetted team, and focusing on single-family properties in emerging markets. (0:35:02) - The Purpose of Creating Real Wealth Financial freedom, living one's best life, and adventure sports reflect Rich Fettke's mindset of continuous improvement and mastery. (0:39:53) - Bungee Jumping Off Half Dome Nature's risks and rewards in real estate investing, with guest Rich Fettke, emphasizing education, action, single family properties, and syndications with experienced developers. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
On this episode of Passive Income Pilots, Tait and Ryan interview Rich Fettke.Rich Fettke is the co-founder of Real Wealth Network, where he oversees marketing and business development. He is a licensed real estate broker, experienced investor, and Master Certified Business Coach. Rich specializes in helping the team stay aligned and inspired to fulfill the company's purpose, mission, and values. He has been featured in media outlets such as USA Today, Entrepreneur Magazine, and the Wall Street Journal. He is also an accomplished author with books like Extreme Success, Momentum, and The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. Rich's publisher, RDA Press, lists him as a Rich Dad Author and Wealth Mindset Expert. Rich shares that he focuses on lifestyle and not just numbers, cementing the idea that financial freedom is more than just about money. He discusses the importance of balance in life and investments, the role of coaches and mentors, and the concept of financial freedom. He discusses his personal investment strategies and his unique approach to personal growth. Rich also shared insights on real estate opportunities in specific markets and their investments.Enjoy the show!Show notes:[3:06] Rich Fettke's journey into real estate investing[7:52] Rich's first deal[10:44] The importance of life balance and real wealth[13:17] Living a rich life beyond money[14:21] Balancing work and personal life[18:29] How to strike the balance[20:46] The importance of health and deep work[22:05] Setting identity-based goals and evaluating sacrifices[23:48] Aligning goals with who you want to be[27:37] What financial freedom means[31:00] Difference between retirement accounts and financial freedom[32:16] The power of coaching[36:18] The value of coaching beyond business[39:31] What Real Wealth is all about[42:50] The top 3 markets Rich is looking at and other investments[45:43] OutroLinks Mentioned:Real Estate News for Investors - https://realwealth.com/learn/real-estate-news-investors-podcast/ The Real Wealth Show - https://realwealth.com/real-wealth-show-podcast/ Connect with Rich:Website: Legal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....
In this episode we discuss how to get on the fast track to success. It's really simple, in fact, we share a story where our 6 year old taught us the simplicity of this same lesson. Listen to this episode to learn how!
00:44 Rich'S Story! Co-Founder of RealWealth13:30 Business Strat and 1% Rule!17:19 Rich's Past Weight Lifting Life!21:17 Let that Fear Speak Up31:00 Marriage and Connection Tips38:26 Where can you find Rich?Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum.Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert.
In this episode, we have Rich Fettke, a renowned author, real estate expert, and wealth mindset coach. With a deep-rooted passion for helping individuals grow their wealth, maximize their mental and physical capabilities and live more fulfilling lives, Rich brings a wealth of knowledge and experience to the table. As a co-founder of RealWealth®, a company that has empowered over 60,000 members to enhance their financial intelligence and acquire cash-flowing income properties, he has helped countless individuals gain financial freedom and live life on their own terms. With a background as a licensed real estate broker and an active investor, Rich's expertise in the realm of real estate is unparalleled. Throughout the episode, Rich emphasizes the significance of cultivating a wealth mindset for achieving extreme success. He shares strategies for overcoming limiting beliefs, shifting financial barriers, and harnessing the power of financial intelligence. By developing a proactive and abundance-focused mindset, individuals can unlock their full potential and create a life that they want. He also shared the importance of health and mindset and his holistic viewpoint of real wealth. He is a pioneer in the field of business and personal coaching. As one of the ICF's first Master Certified Coaches, Rich has played a vital role in advancing the coaching profession and empowering individuals to achieve their goals. Tune in to gain inspiration and practical strategies to elevate your financial intelligence and live life on your own terms. In this episode, we discuss: Rich's health scare that shifted him and his wife's perspective about wealth and financial preparation The creation of RealWealth® and how it has grown with thousands of members Strategies for shifting limiting beliefs and overcoming financial barriers The importance of continuous learning and personal growth Embracing a well-rounded and fulfilling lifestyle Connect with Rich Fettke: Linkedin: https://www.linkedin.com/in/fettke/ Website: https://realwealth.com/ Facebook: https://www.facebook.com/RealWealthNetwork/ Instagram: https://www.instagram.com/realwealthnetwork/ Youtube: https://www.youtube.com/user/realwealthnetwork Twitter: https://twitter.com/realwealthnet Connect with Pantheon Investments: Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/ Website: www.pantheoninvest.com Podcast: www.pantheoninvest.com/podcast Facebook: https://www.facebook.com/PantheonInvest Instagram: www.instagram.com/pantheoninvest LinkedIn: https://www.linkedin.com/company/pantheon-invest Twitter: https://twitter.com/Pantheon_Invest Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ Holistic Wealth Strategy Book: https://www.amazon.com/Holistic-Wealth-Strategy-Framework-Extraordinary-ebook/dp/B0BX4SDMS7/ref=sr_1_1?keywords=holistic+wealth+strategy&qid=1681472301&sprefix=holistic+wealth%2Caps%2C99&sr=8-1 Email: info@pantheoninvest.com
This is the story of Roger Blankenship an experienced and highly successful house flipper turned educator, we take you on a journey through the world of real estate entrepreneurship. Roger shares invaluable insights, proven strategies, and real-life stories of triumphs and challenges from his own remarkable career. With a passion for teaching and a knack for breaking down complex concepts into actionable steps, he empowers aspiring house flippers with the knowledge and tools they need to succeed. Whether you're a novice investor looking to dip your toes into the world of house flipping or an experienced pro seeking fresh perspectives and advanced techniques, this episode is a go-to resource. We discover how to avoid common pitfalls and learn from Roger's own failures and triumphs, gaining a competitive edge in the dynamic world of house flipping. Awareness Plug / Links and Resources: Flipping America Podcast with Roger Blankenship https://podcasts.apple.com/us/podcast/flipping-america/id1449888255 Personal LinkedIn https://www.linkedin.com/in/rogerblankenship I made some ribs recently and I get asked this all the time for my rib recipe, so I figured I would go ahead and share it here. Basically, all I do is smear. Yellow mustard all over the ribs. You tried to trim up the ribs, ribs a little bit. You know, think of the ribs as needing to be aerodynamic so that the smoke flows over those ribs. So trim them up a little bit. And then yellow mustard. And then I do a mixture of, uh, two parts, pepper. Uh, it's a black crushed pepper, and I, I crush up my own, uh, fresh pepper. Uh, and then the third part is salt. Uh, you. Push, uh, uh, sprinkle that all over the top, give it a good coating, and then go ahead and place that on the smoker. Uh, and then once an hour, I will spray it with apple cider vinegar. And then, um, about three hours. So, so every, every hour you're spraying these things. And then in about three hours or so, go ahead and wrap them in foil. When you wrap them in foil. Um, take your favorite barbecue sauce and dilute it with. Apple cider vinegar and then spray that on top. And what ends up happening is that bubbles and creates this great, wonderful. Uh, um, you know, juice inside of the foil. So you hook that for maybe about another two hours or so on the grill, on the smoker. Uh, and what I like to do is I like to smoke them with hickory wood, so that's pretty well about it. These ribs are gonna be fall off the bone tender. Uh, so, so good. They create a great juice, a great, uh, a great sauce right inside of there. Uh, you don't even need barbecue sauce with them. Hope you enjoy. On invest in square feet, we unlock the secrets of wealthy entrepreneurship. I'm Matt Shields and my mission is to help business owners just like you, protect your wealth so that you can invest passively into multi-family real estate. Today we're going to be talking to Roger Blankenship, who has a long history of real estate investment. Roger also hosts a very, very popular podcast called Flipping America on Flipping Real Estate. The one thing that I learned from this episode that I think is really interesting is Rogers. Thoughts on entrepreneurial success and what it takes to be able to get there. So we are gonna get right into things and start learning from Roger. I. Did pretty well as an investor for many years. And, uh, then I know this, you're gonna find this hard to believe. I got cocky and I, uh, felt I was feeling bulletproof. Everything we had done had worked out well, and so I decided, uh, I either gotta decided to retire or go large and we decided to go large and I went out and got a big line of credit and I started buying properties all over the southeast. Long story short, bad hiring decisions and uh, mainly it was just bad hiring decisions. We followed a thoughtful process that I got from my coach, but uh, that business imploded and we lost everything 2014, not in the crash, years after the crash, we made all of our money during the crash years. And then while I was trying to pick up the pieces and start all over again and rebuild confidence and so forth and try, try to figure out what went wrong and uh, and so forth. I was on another small business talk radio show. And, um, you know, my background is I've been an educator and a public speaker and, um, I only got into real estate out of sheer desperation and a lack of communicable job skills. But, um, So I did this interview with this guy on his show and afterwards he said, you know what, man? You ought to have your own show. I said, nah, nah, nah, I'm not understood. He kept on bugging me for three months straight and finally he convinced me and um, we decided to call it Show Flipping America. And um, the first show we did, Had 2000 listeners, and then by the end of the first month we had 20,000. And, you know, just a few months ago, we had in, in, uh, January of 23, we had 1.2 million. Wow. And so without any intent on my part, it's sort of become the tail that wags the dog. Um, And how do, how has that affected the investing? Well, it's giving me contacts around the country that I wouldn't have had before. And you know, the other thing too, Matt, I. I have had the opportunity to talk to so many people. We're in the 600 s now on episodes, and I've talked to so many brilliant people with great ideas. And, uh, you know, I've sat here during interviews just taking notes, writing it all down, and transferring that to my computer and putting it in my brain. And, and I've learned so much from the people that have come into the show and I've. I've been privileged to meet some of the top players in the industry and, and watch what they have done to build businesses without that massive failure in the middle of it, you know? Mm-hmm. And, um, uh, I even got to interview Tillman for tida, the owner of the Houston Rockets, who is a, uh, billionaire casino owner and so forth. And, uh, The, that interview didn't go the way he expected because I wanted to talk to him about business failures. I was still trying to figure out my own life. But, um, these conversations have brought a whole nother level of education to me and opportunity, um, as the word get got around, you know, people started coming to me with opportunities and some of the things I'm into with the auction houses, and now we have bought properties in 28 states. Wow. And, um, uh, it's been, it's been a pretty wild ride. And yeah, the, the story's not over flipping America. We've got some big things on the near horizon. That's, that's amazing. That's amazing. Um, so I, I, I wanna go back to so many different things. I, I, let's go back to the failure of, of the business in 2014, and you said that it was basically attributed to hiring mistakes. Right. Yeah. Do you, was there, was it hiring, the hiring unscrupulous people where they were stealing from you? Or was it, you know, you didn't have the right, no. Leadership that was going in place. What, what do you attribute that to? Uh, good people in the wrong seats. Um, mainly, and, uh, I'm not gonna say his name, but, um, the, the contractor who had worked for me almost exclusively for the previous, I guess. Four or five years. Uh, we made the decision to expand in 20, in 2012, late 20 11, 20 12. But the guy that had worked for me, he had rehabbed, uh, something between 350 and 400 houses for me. And we had been thick as these, doing a hundred houses a year. Um, between him and uh, some of the houses I could run myself with just subs. Um, And we had become very good friends. Uh, I, and when we, when he did his, when he completed his three on his rehab, we kind of stopped counting, but I gave him a motorcycle as a thank you. And, um, and all this to say he had become a good friend. Mm-hmm. And when I decided to expand, I made, and, and he's the same age I am. None of us are getting younger, but, uh, we're getting up there. I said, look, man, why don't you come and be our project manager? We're gonna be hiring contractors in Metro Atlanta, in Macon, Savannah, Augusta. And as we branch out into other, uh, States, I need somebody to run point and, and hire those contractors. And he said, man, I'd love to. I'm tired of crawling around on my knees and crawl spaces in the mud and getting up on roofs. He said, I never wanna do that again. I said, okay. Turns out he wasn't very good at it. In fact, he was not. That's, that's putting it mildly. He didn't hire good people. He didn't have a a, you know, he himself was a good person, but he, he didn't have a sense of what a crooked contractor looked like, and he hired a bunch of crooks and then he didn't run 'em well. We had a few good people that he just drove crazy because, He had his opinion about how things ought to be done. It differed from theirs and, um, no conflict management. Um, no real sense of project management. Uh, he could manage his own, but he could not supervise 20, and it was a disaster. I waited too long. We were bleeding cash. Uh, to the tune of about a hundred thousand a month in interest spans on this big line of credit. Mm-hmm. And when I finally set him down, are you familiar with the Peter principal? Peter Peter Drucker, business management leader. Uh, the principle is everyone rises to their own level of incompetence. You see this in organizations. People do well, they get promoted, do well, they get promoted, they finally get to a level where they don't do so well. Well, unfortunately what companies do is they get rid of 'em. What they really should do is move 'em back down to where they were doing well. So that's what I tried to do with this guy and, uh, wanted to just put him back in charge of one or two projects like we used to do. And he steadfastly refused. He said, I'm never doing that again. He got mad. Stormed outta my office, quit and holds a grudge. I didn't know he could hold a grudge like this, but it's been 10 years. He still won't talk to me. Wow. And uh, of course what he's doing now is exactly what he said he never wanted to do again. But that's a different story. Um, in the meantime, we are hurting. And for the first time in my career, we're losing money on projects. Loans are expiring with no end in sight for the rehab work because it's been sitting there and this is all very difficult and it was really all due to one hiring decision. One one really bad hiring decision in extremely critical position. Mm-hmm. What, and what, what would be different today have, how do, have you changed how you look at people or interview people or place people today? Any, any thoughts of what you've learned since then? Well, yeah. Um, I've taken some time to reflect on those lessons, but probably the most helpful thing that I've read on the subject is, um, in the book Traction, getting A Grip On Your Life by Gino Wickman. He talks about getting the right people in the right places and, um, . , I, I sat down and made a list of questions and, you know, he talked about, uh, hiring good people who are good at what they do and who also have the capacity to do what you need. And so I developed a, a long list of questions that I've used in hiring, and it's been sort of my guide ever since. Yeah. Yeah. It's, it's amazing when you start to put those types of repeat, um, processes, not really the right term, but you know, you, you keep doing the same thing. You putting the same people or putting people through the same process. It's amazing how you'll be able to start seeing like, what bubbles up to the top and Yeah. That one is, that person is so much more different than anyone else. Yeah. Who we've, who've hi hired for that position or interviewed for that position. Yeah. And, you know, I knew some of the, I I had known this gentleman long enough that I knew some of his personality shortcomings, but I, I, I willfully blinded myself to them and put 'em in a position of responsibility that I put him in a position to fail. And so that in the final analysis of the whole thing, I developed what I now call the, we call it the Flipping America Pledge. And we say this at all of my live events. And it starts off by saying, when I look in the mirror, I see the reason, the cause of my successes and the reason for my failures. And it goes on from there. It's a little meditation I wrote for myself. Um, you know, when things go well, it's because I chose well and led well. When things don't go well, it's because I didn't choose well and I didn't lead well. I am the reason. It's a matter of taking personal responsibility. That's a hard thing to swallow. Um, out of curiosity, have you read, um, extreme Ownership by Jocko Willick? No, I haven't. Oh, that's, that's a great book. It's all about, he, he tells it from the perspective of Iraq, Iran. He was, I don't remember exactly what, what he was. Sergeant, well, well up there, captain. I'm not quite sure what his rank was, but he basically came to the exact same conclusion that you just mentioned, that everything comes back to me and I need to take extreme ownership. There was, you know, our teams had friendly fire. That was because I. You know, screwed something up. I screwed up the navigation, the comms went down. Just really, really interesting. And he applies it to business perspective, uh, to AA business perspective. And then gives, you know, CEOs that same type of mentality where I. Something's not going right. It's because it's because of you. It's not because that person screwed up, it's because you weren't giving, you know, direction well enough for clear enough direction or, you know, yeah. All of that. So really, really, really interesting, really, really interesting book. Yeah. Um, so you, you had amazing. Attraction with your podcast pretty well right off of the bat, and I know, I personally believe that a podcast is something that pretty well every business owner should have. I mean, I, I, I completely resonate with everything that you said that you are getting from your podcast. Um, how, how, what do you attribute the success so quickly? Two. How, how did you generate such a following so many listeners? So quickly, was it just the, the name, do you feel that resonated with people or, Hmm, I don't know. The, what were your thoughts there? The name was a happy accident. I had, I had, uh, kind of fallen into leading a, a meetup group here in Atlanta called Flipping Atlanta, and I didn't even really wanna do that, but the leader disappeared and I didn't wanna let the group fail. Just fall apart. So I was leading this group and then when I got, I agreed to do the show, I had to have a name. So I thought, ah, well, it's called Flipping America. And that's all the thought they're winning in that. No market research, no testing or anything like that. Wow. Um, But, uh, it turns out it's a pretty good name. I do have to clarify on the show we're not, you know, although, uh, we do talk about flipping houses, we talk about a lot more on the show besides flipping houses, we talk about any way that you can make money in real estate and, you know, I think that, um, you know, when we started this show, at first it was also in radio syndication. And I think that that syn indicator did a lot to help. And I also believe there was a matter of the timing. You know, we start, we launched a show in 2017. There weren't that many real estate shows out there then. Um, it, you know, it seems like everybody I talk to now has their own real estate podcast. Well, that's great. There's plenty of room for everybody. Um, do you know, the other thing is, and I don't want to alienate, alienate half of your audience, but I realize what I'm about to say might do that. I heard Rush Limbal say one time, and that that name right there is going to, that's alienating already. Yeah. Just one bunch of people just turned it off. But he said one time my goal was to take something as boring and mundane as politics and make it as entertaining as possible. And I thought, oh, there we go. Okay. So, you know, I, I have engaged in a little bit of wishful comparison. Why can't I have as many listeners as you know, that sports podcast over there? Who, who's got all these? Well, real estate doesn't have the same appeal. It's a, it, this is a niche thing, so, all right. I, it is not that I'm trapped into it, I enjoy doing it, but while I'm here, and this is kind of what's been put in front of me to do, I'm gonna take real estate and real estate investing and I'm gonna make it as entertaining as I possibly can. And that incu includes appropriate humor and, uh, poking fun at some of the silliness. And so that's what we do. I love it. , so on on our show, we like to say that we unlock the secrets of wealthy entrepreneurship. Any, any, anything come to mind when I say that? I think that the secret to successful entrepreneurship is not passion. It is not creativity. You know, I've met people who are passionate about, uh, degenerate sex acts that's not gonna, you know, are passionate about, uh, shoplifting. You know, it's not passion and it's not creativity. Um, the real secret of entrepreneurial success is meeting a felt need. And a consistent pattern of good decisions till it becomes habits. Uh, if you have good habits, and you and I I, one of the things that I say is consistent persistency, you have to be persistent and you have to be consistent in your persistency. And what you need to be consistently persistent in is good decision making. And if you're, if you're combining that with something that is a proven money-making path, you're going to be okay. Um, this is a little bit of a surprise and Matt, it may take you by surprise. I am not particularly passionate about real estate. Mm-hmm. For me, it is a means to an end. And if I find a better, more sure means to my end, then you won't hear me talking about real estate anymore. But I've been looking for a long time and I haven't found it. So here we are. Mm-hmm. Mm-hmm. Yeah, so, so, so it, it's great that you have that type of perspective, you know, as well, where you recognize, cause I, I feel like that's, again, another one of those traits that a lot of people will say, you know, this is my industry and I love it, and I'm so passionate about it. And it's, it's interesting that you have that perspective where you're willing to admit that, you know, it's not what I'm passionate about, it's not what I, you know, live for. Um, and, and you're open to those other, those other options, those other avenues. Uh, any you wanna know what I'm passionate about? We, I was just gonna ask Yeah. What, yes, I'm, first of all, I'm passionate about my wife and family. Um, and I know that sounds like a cliche, but, uh, Diana is. The best thing that happened to me since Jesus and I am, I am so in awe of her and creating the life with her is why I do everything that I do. Because I want to give her the life that I think that she deserves and, and wants. And, uh, I want to be everything that she hopes that I am or believes that I am. Um, The other, I guess the other passion, the other thing that drives me is making the world a better place. I enjoy talking to people. I enjoy helping people. Uh, I enjoy real estate. I, I like the process of it fine, but, uh, what I really like is making a positive difference in the world. And. We all spend a pretty good amount of time trying to figure out our place and that whole thing. Um, I've been put into a position where I can train other people in this industry so I can, you know, I teach people how to flip houses and to acquire rental properties and to build a real estate fortune, but that's not an end in itself. Most of the people that I teach. Want to have disposable income because they have a foundation or a charity or a church or some pet project in mind that they think is gonna make the world a better place. So it has become, this is something I'm passionate about. I want to help a a thousand people become real estate millionaires before I quit. The reason for that is, 990 of those people will end up giving money to a charity or a cause that they believe in. And, um, that will, you know, in, in small ways, make the world a better place. So if I can have a part in 900 or 990 other people making the world a better place, Yeah. Yeah, yeah, yeah. It's, it's that ripple effect or that's what, that's what gets me up, and that's what, that's what cranks my engine every day. Yeah. Are you familiar with, with the, uh, butterfly Effect? Have you heard of that? Yeah. Before, yeah. Yeah. Very, very applicable there. I love that. I love that. Um, so you mentioned before too that there's some, some big things coming up, uh, on the show. Uh, anything that you can share right now of, of, you know, some of the, some of the things that you have percolating. Uh, yeah. Yeah. There's a couple things that I can't share about what we're, what we're gonna be doing, what we're working on to expand our audience even more. I can't talk about that one, but I can tell you this. Um, I have an interest in, in, of course in helping real estate investors. And so we have been working on a trading platform. We're calling it The Flipping America Network, or the fan for short. And um, you know, you're familiar with wholesalers, right? Sure. All right, so wholesalers, they have two jobs. They have to find deals and they also have to build a buyer's list. And as a cash buyer, which is where I really came into it, uh, on the buying side, I would network with wholesalers as a part of my, you know, lead generation. And, um, frankly, is a lot easier deal with a wholesaler than it is to try to create your own leads direct to the seller. That's a different story anyway. Um, When I, from the first day that I started this show, I had to dream of creating this platform, and it's about to become a reality. I mean, we're literally just less than two months away from, uh, usability testing and then, uh, a release in the south. And then, um, uh, in fact, the call I was on right before this we're staggering the release and pinpointing areas, so we make sure that we're fully operational and supporting. But here's the idea. If you're a cash buyer and you're looking for real estate properties, you go create a free profile at the fan and uh, just tell us the zip codes where you wanna buy. Then you download the app on your phone and sign in and so forth. Now you can look on the platform for properties. You could search all the search functionality will be there, or you can just wait then if you're a wholesaler. Or it just somebody who owns a property and you wanna sell it it. It could be an owner or wholesaler. Use the app on your phone. Take the pictures of the property, fill out the information, and click submit. As soon as you hit submit, every cash buyer that's indicated an interest in that zip code is gonna get a text message that says, look what, just hit the fan. Mm-hmm. No, that's awesome. They can click on it. Yeah, that's my wife's favorite part. They can click on it, they can look at the property. There's a chat function built into the app, so you can talk directly with the seller or wholesaler, and if you agree on terms, you can go to contract right from your phone. DocuSign is integrated into the whole thing, and you go to contract, and when you go to contract, then the buyer. Will pay a $250 technology fee to the platform. The seller never pays anything. Wow. Wow. And, um, we think it's going to really change the way, uh, investment property gets bought in solds definitely gonna impact it anyway. Mm-hmm. Um, There will, in future versions, um, there will be a platform for, uh, vendors, people who sell products and services to investors, you know, home inspection, title companies. The whole range of products and so forth will be available on the platform. But, um, the buyer and seller piece is about ready for release. We're in the final stages now and, uh, we'll, we'll have a, um, Kind of a soft rollout, probably by late summer. That's incredible. So, yeah. And have you, have you built any software before in the past, or is this the first foray into that industry? That realm? Um, What I've done in the past, I don't know if you quite counted, I hired a couple of guys to take, years ago I invented something that we now call the Flipping America property grade. Um, you basically, you put in your details about a property and ranked the property with some intangible things like the difficulty of rehab and, and, uh, the quality of the neighborhood or the heat of the market and that sort of thing. Um, things that are not easily quantifiable. And then I, I wrote an algorithm that allowed that to come up with a numerical raw score. And then I used the range function in Excel to give it a letter grade. So we took that and, and. Train turned it into an app, but that was just a very low end, cost me 800 bucks. Mm-hmm. And, uh, we gave it away the Flipping America property grade app. Um, but it cost me about a hundred dollars per platform. Google in Apple to keep on updating the app every year with the new compliance standards for privacy and blah, blah, blah, blah, blah. And you know, I just got tired of spending that money on something I was just giving away. So. But this is a whole different animal. This, yeah, this thing is extremely detailed. I mean, it's quarter of a million dollars in development so far. That's, that's amazing. Amazing. Um, but what I did was I partnered with a, um, a guy who, this is what he does. He has a technology company that builds these things, and now we have become close enough friends that when we get this deal done, I'm, I'm buying his company. Oh, interesting, interesting. Yeah. So, so you have, you have intentions of being more involved in, uh, technology and being involved in that industry? Yeah, yeah, yeah. We've got more apps in the works. Um, one of them, uh, is, it's tentatively titled Flipping America Go. We've already kind of, uh, tried to partner with another provider on that. Uh, it's not working out so far, but, uh, here's, here's the dream of it. You type in an address and it goes out with an API call and pulls up all the information about that address, and then uses a, an automated valuation model from one of the providers. And we're considering a few different people there. And to give you, uh, comps and like a comparable value of the property. And for single family, it's just an arv, you know? Um, And then, but the, the, uh, the, the brilliance of this is when you register, we're going to look at several possible exit outcomes for a property, whether you want mm-hmm. Buy and hold, whether you want to buy and flip, whether you want to, uh, lease it, uh, or seller financing options, that, that sort of thing. And in there you describe. To the platform, there's some default choices made, but you describe what you consider a good deal. Like I want a 30% gross margin on flips. Some people will operate on a 20. Okay, whatever you like, put it in there. And then you get your rate and term from your favorite lender for whether it's a buy and hold or whether it's flip, and you put the rate and turn information so it's already in there. So all of these things can be calculated and the the loan, constant debt service coverage ratio and all these things can be automatically calculated behind the scenes. You just put in the information about the property and if you wanna hold it, what you, uh, plan to rent it for. And this thing spits out little meters, you know, red, yellow, green mm-hmm. Um, or some sort of indicators telling you whether it's a good deal for each of your exit strategies. Mm-hmm. And of course the tagline's gonna be, see it gonna be when you see a green light. Go. It's a deal analyzer, but it's built into an app. Yeah. Um, and, and, and I I love that it, it pulls in, you know, real data, real information from wherever the location is that you're, you know, that you're focused in on. Yeah. So that's, but before that, uh, and probably before the fan gets released, uh, I've been working on something now for, uh, the better part of a year. You know, I have the coaching program and we put people in a room for, for four days and we overwhelm them with information that they're not going to remember, and they still need guidance out there. And after a while we realized, you know what? We're just wasting all of our time spending four days here. You're not gonna remember this. And, um, and they're even saying, I'm not gonna remember this. I tuned out yesterday. I, my brain is full. I can't take anymore. So I started years ago creating online courses and, um, We haven't tried very hard to sell the online courses separately. They were really designed to supplement the coaching program, but when the pandemic came, we sort of stopped doing the live events and coaching and just went to online courses and, um, you know, mixed results. Okay. Best I can say. One of the consistent things you'll hear if you listen to my show is I'm pretty hard on the hotel room gurus. Mm-hmm. Um, I don't think anybody should spend 50 or $80,000 learn how to flip houses. They're only charging you that because they can get away with it. Um, and, and I don't even care if somebody charges $50,000. What I care about is they, they show you how you can borrow from your 401k or increase your credit limits on your credit card so you can pay, and then. Be hammered with interest rates or repayment obligations and, and you're basically stealing from your own future. They'll take people who have no business, not an entrepreneurial bone in their body, they'll borrow from their 401k to set up a really, uh, this business that they are in no way mentally and psychologically equipped to run for the long term, and they're ruining people's lives. That bothers me. Mm-hmm. So, Of course alternative. Why spend 50 grand when you can get started for 50 bucks? Uh, we're launching, uh, scheduled launches in mid-July. I don't know when the show's gonna air, but, um, mid-July, we're launching the Flipping America Academy and you can join for 50 bucks a month. And in our inaugural launch period, which will probably take the rest of this year, um, when you join, you get all the benefits of the next level of coaching, which is 250 bucks a month, or the next level is called the coaching level. Um, so. You get, um, Well, there's a weekly newsletter. You get a search tool that allows you to search all the archives of the Flipping America Show, 600 plus episodes. Um, you get a discount at Home Depot, but also you get access to all nine of our current online courses and the others as they come online. Um, and we give you a roadmap to tell you which order to take the courses in and which ones you can skip depending on where you are. Some people don't need to go from A to Z, some people just need to start at E A D and go to Z. Um, And so with all of that, combined with a weekly coaching group coaching experience, um, you can learn what you need to about real estate investing for 50 bucks a month. Yeah, that's fantastic. And again, it goes back to why you're doing all of this, to be able to create those thousand millionaires. Yeah. You in the industry to create your, create your ripple. I love it. Yeah. I love it. If people wanna learn more about you, we, we've mentioned flipping America many, many times. Are there any other resources or any other things that you would suggest to go and check out, to be able to contact you or again, learn more? Well, flipping america.net is the website. That's pretty easy to find. Um, You know, you, you could always go to Amazon and get my book house flipping, flipping houses in 10 days and, uh, help keep that sales going. We, we achieved international number one bestseller status for that book, and we got a little. Badge stuck on the cover of the book because of it. That's great. I think honestly, between you and me, I think that happened for like 15 minutes on a Tuesday afternoon. It's there though. You, you can, you can claim it. Love it. That's right. We got the screenshots. Yeah. That's fantastic. But, uh, yeah, if, if you wanna flip houses, you, you can, you can come spend 50 bucks a month with me, but also you can get a long way to the finish line by spending 20 bucks on that book. Yeah. Yeah. And I love that you, again, you, you are a true entrepreneur. You have all of these different, different things going on, these different projects, ideas in the pipeline, and, and it's not just, you know, this one thing I, I do real estate. Right. But, you know, podcast, software programs, flipping all, all of that stuff. So, yeah. Um, kudos to you for. Like we mentioned early on, sticking, sticking to it and sticking through things and persevere, learn and, and keep on going. You know, you've had your setbacks and struggles, but here you are still, still pushing along. So kudos to you. Love it. Um, you know, the, the path to the mountaintop is not always a straight line. Uh, it could be that when you're standing here and you're seeing that mountain, you wanna climb that goal that you're trying to get to. What you don't see are the valleys in between the, the near peak and the far one. Um, it, it's, it's not, it's not gonna go the way you want. Nobody builds massive failure into their three year life plan, um, or health issues or other things that happen. Um, so the response to that is, um, whatever is in front of you, do the right thing with that. Over and over, whatever is in front of you. Do the right thing with that over and over, and you're gonna get there. Yeah. All right, so let's recap what we learned today from Roger. One of the most important things that we all should take away from today's episode is that we need to pay attention to the people that we're placing into our companies. And I know that that sounds obvious, but when you're in. The moment. And when you're in those situations, you feel like it's, it's going to be so much work to try to replace them and then, and then I'm going to have to retrain people. And there's just so much to do that to, to that entire process. Right. But if you don't do it, you can absolutely take your company down and cause a huge, huge ripple effect that. Can create a lot of problems. So many times it's best to jump onto these situations, and if it means parting ways with someone or if it means repositioning them into some other type of role, chances are they're probably also going to feel relief as well because they, they, no one wants to fail. No one wants to be put in a position where they feel like they're failing. So being able to relieve that pressure from them where you know they are not performing up to what your standards are, they probably feel the exact same thing. So there's going to be an element of relief there. So always. Always, always take that step to replace people when necessary. Roger also mentions that there's plenty of people out there that are talking about, you know, following your passion and passion is the reason for this success. But what Roger has found that is that if you can find some type of a problem that people express a true real need. For the solution. That's what is going to be so much more successful than following some type of passion. So, and, and obviously it's best if you are passionate about whatever that solution is, but don't just say, this is my passion. I'm moving to go for it, look to solve some type of problem and hone in on that problem. And what I've personally found in my life is that when you can be very specific, With the type of person or the type of industry or business that you are solving that problem for, it solves so many problems, right? If you are. Focused on everyone and trying to solve everyone's problem. You're not going to be able to speak to any one type of market. So niche it down, hone it into one specific type of thing that you are doing for one particular market or industry or vertical, and then you'll be able to start speaking their, their language. You're going to understand so much more about their business. And then once you get that foothold established, Out, grow out from there. And this is the final tip that I really liked what Roger had to say. He said, be consistent with your persistence. Right? So a lot of people will give up before they establish something, or they'll see another shiny object and they're going to go and jump. Into that direction. Success takes time. I mean, there's obviously a few outliers to that. There's a few stories out there where people found quote unquote, instant success. The chances of that happening are very, very slim. It takes a long time and many, many entrepreneurs have had to just. Keep grinding, keep hustling, and I know that grinding and hustling is something that everyone talks about as well, but really the persistence to be able to keep going, keep moving forward no matter what's going on, is really, really, really key in order to be able to achieve that success that you're looking for. All right. If you want to understand what the wealthy do, head over to invest in square feet and sign up for our newsletter. We include some outtakes from various guests there, and that's the only place you're going to get to hear that advice. We also publish the investment opportunities that we come across in our various companies, so if you wanna learn more about those different investment opportunities, go ahead and sign up for that newsletter. We will be in touch with you about those different opportunities.
I'm talking about something new and different in this episode.We all know that gas is expensive these days.How does saving money AND making money by helping others save on gas sound?If that sounds of interest to you, you must watch this Extreme Success Opportunity podcast. The #1 topic people discuss right now is the high price of gasoline and diesel, and not only does MPG Xtreme have the solution for us, but you can earn an extra income from it as well as save on your own usage. And...If you're ready, learn more here. PS - I make no income claims and can not guarantee any income with MPGXtreme. These income examples are just examples of the potential income you could create with MPGXtreme. Examples and past results do not guarantee future results.
Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. In this episode, Rich shares his inspiring journey from being diagnosed with melanoma and given six months to live to become a successful coach, author, and entrepreneur. He recounts how he and his wife Kathy decided to house hack a 4,100 square foot home in San Francisco and turn it into an investment property that appreciated over $100, 000 each year. He explains how their experience set them on the path to founding Real Wealth, a company that specializes in residential development and helps people achieve financial freedom. To learn more about Rich, listeners can visit his website at Real Wealth! [00:01 - 01:57] Opening Segment Rich sought out mentors and found that most financially successful people were real estate investors He was a coach before real estate investing and was elected president of a coaching organization [01:58 - 08:11] Valuing Education Over Entertainment Real Wealth is defined as having both the money and freedom to live life on one's own terms Focused on helping people create wealth Stayed in a single-family residential development lane for over 20 years Entitle properties and sell land to big home builders The focus on pre-vetted, highly favorable investment opportunities Downside protection Conservative underwriting Recession-resistant asset classes [08:12 - 28:51] Closing Segment Rich advises listeners that wealthy people value their time, focus on education over entertainment, and operate from inspiration rather than envy Rich shares where you can get in contact with him (links below) Quote/s: “Wealthy people tend to focus on education over entertainment.” – Rich Fettke You can connect with Rich through him: Website: Real Wealth Facebook: Real Wealth Instagram: Real Wealth YouTube: Real Wealth Twitter: Real Wealth WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email at sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. In this episode, Rich discusses how he wove together his experiences as a coach and real estate investor to create The Wise Investor. He urges listeners to take the time to reflect on their true desires in life and then take action toward achieving them. To learn more about Rich, listeners can visit his website at Real Wealth! [00:01 - 03:28] Opening Segment Rich is a life coach and successful real estate investor He recommends starting with deep breathing to calm the brain and quiet the gremlin, this allows for more rational thinking and better decision-making [03:29 - 08:40] Overcoming Your Inner Gremlins That Hold You Back When working with clients, you should focus on coaching them on how to deal with their inner gremlin and how to have more control over their goals The key to overcoming obstacles is to prepare for them in advance by thinking about what might get in the way of your goal The inner gremlin can be a powerful obstacle to reaching goals, and knowing how to work with it is important He shares his experience of being diagnosed with the hyperkinetic disorder at age eight, and how it helped him overcome his imposter syndrome [08:41 - 12:38] Closing Segment Rich shares how he uses breathing exercises to stay in control of the inner gremlin, and how this has helped him achieve success in life Rich shares where you can get in contact with him (links below) Quote/s: “I think with any goal, I think it's really powerful to first set the goal and say, “This is the outcome I want.” And then think about what obstacles might I encounter.” – Rich Fettke You can connect with Rich through him: Website: Real Wealth Facebook: Real Wealth Instagram: Real Wealth YouTube: Real Wealth Twitter: Real Wealth WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email at sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
In this fast-paced episode, Eric details 7 end-of-climbing-season mistakes that you don't want to make! Becoming aware of common training mistakes, seasonal traps, and/or counterproductive behaviors that climbers commonly succumb to can save you a lot of time and energy, elude setbacks and unintended consequences, and perhaps even avoid injury. Launch into the New Year healthy, motivated, and with a plan for reaching your training and climbing goals! RUNDOWN 00:43 - Intro to 7 End-of-Climbing-Season Mistakes You Don't Want to Make (by Dwight Schrute, kind of!) 01:40 - Learn a powerful decision-making mantra to help avoid gross errors in training, risk management, and more! 03:28 - Mistake #1: Not taking an inventory of the past year's successes (and not counting your blessings). 05:42 - Mistake #2: Not analyzing the causes of your climbing shortcomings and/or setbacks. 08:14 - Mistake #3: Ignoring your end-of-season aches and pains. 14:28 - A word from this podcast's sponsor, PhysiVantage Nutrition. Get 15% off full-priced nutrition with checkout code: PODCAST15 (North America only). Europe and elsewhere visit EPIC-TV Shop or BananaFingers.com to get your PhysiVantage! 16:14 - Mistake #4: Not engaging in a brief "deload" period of reduced training intensity and/or frequency. 18:12 - Mistake #5: Taking a nearly total break from all training and climbing for many weeks or months. 21:45 - Mistake #6: Putting on a "Winter 10" (i.e. ~10 pounds of off-season weight gain). 25:20 - Mistake #7: Not setting a few compelling climbing goals for the new year...and not developing a training program and system for reaching those specific goals. 28:55 - Here are a few must-listen T4C episodes on developing training programs and a system for success: Podcast #57 – A Simple System for Extreme Success! Podcast #59: Back to Basics – Effective Training for Climbing Podcast #70 – A System for Achieving Greatly in Climbing…and Beyond! Podcasts #73 & #74 – 40 Ways to Improve Your Training and Climbing! 29:48 - Bonus Mistake to Avoid Making: Engaging in holiday "party tricks!" 31:00 - Closing comments and Eric's Best Wishes for the Holiday and New Year! PLEASE write a 5-star review on Apple Podcasts and SHARE this podcast with a friend! SUPPORT THIS PODCAST! Visit PhysiVantage.com and get a 15% discount on full-price items with checkout code: PODCAST15. European climbers can get PhysiVantage from the EPIC-TV shop and BananaFingers.com SAVE on La Sportiva shoes here >> Thank you! La Sportiva, Maxim Ropes, DMM Climbing, Friction Labs Music by Misty Murphy Follow Eric on Twitter @Train4Climbing Check out Eric's YouTube channel. Follow Eric on Facebook! And on Instagram at: Training4Climbing
This special episode of the Real Wealth Show is the first in our new “Ask Kathy” series where Kathy is the guest on her own show, answering questions from listeners. Her husband, Rich Fettke, joins her in this debut as co-host for a lively conversation about how they got started in real estate, why they founded their company RealWealth, how the company helps investors, how it gets paid, and some thoughts on important decisions that investors need to make about what, where, and when to buy.Rich and Kathy have created real wealth for themselves and the company RealWealth to help others. Their purpose in educating people about real estate: "So they have the money and the freedom to live life on their own terms." We hope you enjoy this episode, and we hope to do more of these Q&A episodes in the future. If you have questions, we'd love to hear from you! Please send your questions to podcasts@realwealth.comKathy and Rich co-founded the RealWealth company. They are active real estate investors, and licensed as Real Estate Broker (Rich) and Real Estate Agent (Kathy). Kathy's other podcast is “Real Estate News for Investors.” She's also the co-host for the Bigger Pockets' new podcast, “On the Market.” Kathy is the author of “Retire Rich with Rentals.” Rich is the author of “The Wise Investor” and “Extreme Success.”Join RealWealth at: https://tinyurl.com/joinrealwealth (it's Free!)Subscribe to the podcast on Apple Podcasts at: https://tinyurl.com/RWSsubscribe
Scott talks about his journey as an entrepreneur from dental student to CEO of Breakaway Practice, Co-Founder at Dental Whale, Dental Industry Key Opinion Leader, and International Speaker
Today's Guest: Rich Fettke Rich is a co-founder of RealWealth, a company that has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties so they can live life on their own terms. He is a former vice president of the International Coach Federation (ICF) and a former owner of a large health club franchise with over 35 years of experience in business start-ups, management, and training. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. He is passionate about helping people build real wealth and has authored the book, The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. As an adventure athlete, Rich lives in Malibu, California, with his wife Kathy, where they invest, work, and play together. Highlights From The Show: We begin the episode with Rich sharing his background story and how he ended up in real estate. Rich shares that 20 years ago, he was a business coach and was in a thriving practice and was on top of the world until he was diagnosed with melanoma and had about 6 months to live. He went through more tests to eventually find out it was a misdiagnosis, and after surgery and treatment, he was declared cancer free. Rich shares that his experience led to real estate with his wife, who was a stay-at-home mom. They connected with a mortgage broker who was also a successful investor who helped them set on the path of real estate investing. To get started, they cashed out a property they had in Dallas, Texas, which had appreciated, and bought five investment properties with good cash flow. That was the beginning of their journey to financial freedom, and they have created a group, Real Wealth, which has grown to over 64,000 members. We then talk about Rich's book, The Wise Investor, and the purpose behind it. He shares that his first book was Extreme Success and this second book came 20 years later. That was because he was running their company, Real Wealth, helping people invest in real estate while growing the company. He shares that the reason he wrote The Wise Investor was that he wanted to share investment lessons in a story or parable form to be more impactful. His coach planted the seed and was obsessed with the whole idea from the beginning. Rich started reading and listening to books and parables to create a story with which people would be engaged to emotionalize the information to create change. The book is more powerful than just a non-fiction factual book, and it conveys the lessons in a way that they sink in and lead to change in the rhythm. Next, we talk about real wealth and what it means. Rich shares that real wealth is having both the money and freedom to live life on your own terms. According to him, real wealth goes beyond money. They don't focus on just creating money but also on helping people use the money to live a fulfilling life, have the freedom of time, and be able to do what they want when they want to, and with the people they want to be with. Real wealth is a combination of money and time. It's all about having enough monthly cash flow, especially on passive income, that supports your lifestyle so you can have the freedom to live and get the most out of every day. He also shares that their company and network are built on a culture that focuses on living life now, living on your own terms, and having the finances to do that. They use real estate as a wealth-building instrument and clients' definition of what their best life looks like to lead them to real wealth-building and financial freedom. We then talk about Rich's investment strategy in reals estate. He shares that they started with single-family investing and went up to four-unit properties. They have also been doing short-term rentals lately to increase their cash flow. According to him, it's hard to get cash flow nowadays with a regular single family with the interest rates and the prices in the market. In addition to that, they started syndicating in 2010 for residential development, which allows investors to pool their funds, buy units together and invest in residential subdivisions, and everyone profits from that. He shares that their members also acquire multifamily properties from their property teams. Lastly, we talk about the mentor in Rich's book who compares wealthy people and poor people. Rich shares that this is big to him. Living in Malibu, California, he sees many rich people, but not all of them are wealthy. Wealthy people focus on a few things, and time is the most important asset that they focus on. They also value education over entertainment and put more effort into learning, becoming better, and growing. Entertainment is fine, but don't let it get in the way of your education and growth. The mentor defines an asset as something that provides income, better health, more happiness, or more time, and liability is the opposite. It takes away from your income, health, happiness, and time. Rich also shares a lesson on how poor people operate on envy while truly wealthy people operate on inspiration from seeing others' success. According to Rich, when you turn your mindset from envy to inspiration, you start to birth what you want in life. Make sure you don't miss another amazing episode of the Just Start Real Estate Podcast with Rich Fettke and get valuable information on how to create REAL wealth and live life on your own terms! Notable Quotes: “Real wealth goes beyond money. It is having both the money and freedom to live life on your own terms.” Rich Fettke “Real estate is a wealth-building instrument, and it can help you create real wealth and get to financial freedom.” Rich Fettke “A true asset is something that provides income, better health, more happiness or more time while a liability is the opposite.” Rich Fettke “When you turn your mindset from envy to inspiration, you start to birth what you want in life.” Rich Fettke Thank You for Listening! Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook Help Out the Show: Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one. Subscribe on iTunes. Resources and Links From Today's Show: The Wise Investor Book Real Wealth Website Rich's Website Rich on LinkedIn Rich on Instagram Rich on Facebook More Resources From Mike: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months WINNING DIRECT MAIL - How to CRUSH IT with direct mail! 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
137: Rich Fettke is a huge influencer with an amazing life story.(Show Notes: REtipster.com/137)Rich has been featured in USA Today, Entrepreneur Magazine, and the Wall Street Journal. He is the author of Extreme Success, Momentum, and his most recent book, The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life. RDA Press, his publisher, lists him as a Rich Dad Author and Wealth Mindset Expert on their website.With a love for adventure sports, Rich has competed in the ESPN X-Games and is a record-holding bungee jumper, skydiver, rock climber, skier, and surfer.
What WISE decisions have you made when it comes to investing? In this segment, Rich Fettke shares how to be a wise investor and create real wealth. He is able to share this information because he has dealt with it personally and helps others professionally. To create financial freedom and live their best lives. See video here - https://youtu.be/Ep4YuA7GBg4 WHO IS RICH? Rich Fettke is the author of The Wise Investor: a modern parable about creating financial freedom and living your best life. He is a licensed real estate broker, active investor, and co-founder of RealWealth.com, a real estate investment group that helps its 60,000+ members improve their financial intelligence, secure passive income, and obtain financial freedom. He's also the author of Extreme Success and the audio program Momentum. A pioneer in the field of business and personal coaching, Rich is a former vice president of the International Coach Federation (ICF) and holds one of the ICF's first Master Certified Coach credentials. Rich's work has been featured on TV, radio, and in print including USA Today, Entrepreneur Magazine, Inc. Magazine, and The Wall Street Journal. A passionate adventure athlete, Rich lives in Malibu, California, with his wife Kathy, where they invest, work, and play together. RICH'S CALL TO ACTION Buy the book at Amazon or learn more about the book at www.TheWiseInvestorBook.com www.realwealth.com www.fettke.com GENESIS'S INFO https://genesisamariskemp.net/ CALL TO ACTION Subscribe to GEMS with Genesis Amaris Kemp Channel, Hit the notifications bell so you don't miss any content, and share with family/friends. **REMEMBER - You do not have to let limitations or barriers keep you from achieving your success. Mind over Matter...It's time to shift and unleash your greatest potential. If you would like to be a SPONSOR or have any of your merchandise mentioned, please reach out via email at GEMSwithGenesisAmarisKemp@gmail.com --- Send in a voice message: https://anchor.fm/genesis-amaris-kemp/message Support this podcast: https://anchor.fm/genesis-amaris-kemp/support
Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth®. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. The real estate industry is not easy for everyone to jump into. If you have just gotten your real estate license and feel you need extra support before getting your feet wet, or if you are an experienced agent looking to take it to the next level, you may decide to get a real estate coach. Rich who is a coaching mentor and investor will discuss the value of having a coach and mentor and what you can expect to find in his new book. Episode Links: https://realwealth.com/ https://realwealth.com/the-wise-investor-book/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Rich Fettke, who is an author, investor, coaching mentor, surfer, among many other things, and Rich is going to be talking to us today about some of the mistakes he seen investors make the value of having a coach and mentor as well as what you can expect to find in his book, which is soon to be released. So let's get into it. Rich, what's going on, man? Welcome to the Remote Real Estate Investor. Thanks for hanging out with me. Rich: Good to be here. Great hanging out with you. Michael: Super excited. So before we hit record here, you and I were chatting a little bit about some sports where you both share in common, but I would love if you could give our listeners a little bit of insight into who you are, where you come from and what it is that you're doing in real estate today. Rich: Sure, absolutely. My name is Rich Fettke and yeah, interesting. The way we got into real estate investing, I'm an I'm an investor and my wife and I also have a company that helps investors but that was what really got us into it was despair. It was about it was exactly 20 years ago, I was on top of my game, I had a book deal, just signed with Simon and Schuster. I was a business and personal coach had a thriving coaching practice, I was giving keynote speeches all over the country. It was like I was just crushing it and I felt so good. I was 37 years old and then I was diagnosed with melanoma, which is an advanced skin cancer but that's not the biggest deal is that they thought it spread to my liver. So they had me do a CT scan and ultrasound and it kept showing these masses on my liver and so I met with an oncologist and he said, you know, it looks like you got about six months to live and we had a 10 year old daughter. Yeah, it just rocked my world, I had a 10 year old daughter, a three year old daughter. My wife is amazing but she was a stay at home mom and so she was freaking in the sense of what am I going to do financially if Rich dies and so she started to she had a as a coach, we were doing things together, she was also a trained coach and so she had this small radio station in San Francisco that she used to do a radio show on about all areas of life being your best self and personal development and all and she said I gotta figure this out. So she started to help people on that were financially successful, and was interviewing them about how do they create wealth and how do they create financial success and most of them turned out to be real estate investors. No surprise, so she came home all excited. One of them was a mortgage broker and he said, if you get your license, you can come become a mortgage broker. This is about 2003. So you know, things were still the mortgage world is pretty easy back then. So she went and did that. In the meantime, we figured out I had a PET scan, which is the most advanced scan for cancer, and it showed me cancer free. So it was just it was a false diagnosis. It was just hemangiomas little clusters of blood vessels on my liver but that was enough for me to go for those three months of not knowing if I was going to be alive, it was enough to give us the kick in the butt to get out and, and make things happen. So Kathy, and I see after that after I was healed, we started to invest together. We bought a bunch of properties in the Dallas, Texas area and it just took off from there and then Kathy started to help other investors with their mortgages. We had a bunch of friends and family saying, tell us how are you doing this? We you know, how are you doing this out of state investing and so we started we formed a group that we thought would be just a small group of family and friends and people that listen to the radio show. We thought it'd be a couple 100 people and today it's over 64,000 members now at real wealth that we're helping invest. Michael: It's pretty amazing. Richard, good for you guys, so I I'm curious in your coaching business before you got diagnosed, did you ever come across real estate investors? Rich: That I coached? Yes. Yeah and my mindset was, I want to invest in real estate someday when I have enough money and so and I was thinking I needed, you know, several $100,000 you know, to buy that first rental property or first investment, not realizing the power of leverage and how much banks love to lend money on real estate and so that was that was the eye opener for us. Michael: Okay, I love it and what made you go remote? I mean, you're in California and your wife live in in San Francisco. Why did you pick to invest outside California? Rich: Actually Robert Kiyosaki. It was she because Kathy was on the San Francisco radio station she was and it got bigger and bigger or she was able to attract some pretty big names and then this guy who had just written a book called Rich Dad, Poor Dad, not long before that, and he had this cashflow game that he was promoting and we had a friend who was his distributor for crypto cash flow game back in the day and so he was on the radio show, and he warned Kathy's listeners to sell their overpriced California properties and to invest in Texas and so we took his advice. Not we didn't sell all our expensive property, sadly, because 2008 crushed us with our California properties but it was, you know, he just saying for cash flow and what's going to happen, he was currently kind of calling out what was going to happen in 2008-2007. That's what sent us out of state. Michael: Love it. So you also recently have written a book, haven't you? Rich: Yeah, I just finished my second book. 20 years later, well, I have an audio program back then, too but yeah, it took me 20 years to write my second book and it's called the wise investor and it's a lot different than my first book that was mostly coaching focused. It was a nonfiction, basically a personal development book and this book is a modern parable. So it's story forum, and it tells a story of creating financial freedom and but also living your best life. Michael: That's awesome and why did you decide to write it? Rich: Interesting process, you know, I've had my own coach, to walk the talk to over the last 25 years now, I started coaching 25 years ago, and this coach that I that I still talk to every week, or every other week, now, he kept kind of he had read my first book, so he's always kind of knocking on me saying, when are you going to write your next book? When are you going to write your next book and I was like, I'm too busy running this company, you know, we have 27 employees and but then what we did is we applied story branding to our company. Are you familiar with that story branding? It's a guy named Don Miller. He wrote a book called Building a story brand and it's all about basically telling the hero's journey, Joseph Campbell's work, using the hero's journey, just like great movies, do great books do weaving a story where your customer is the hero, and you are the guide. So the company is the guide, you help your customers and so we changed everything on our marketing around that, and how we served our members as being the heroes and I just got into this whole storytelling thing. I'm like, this is fascinating the structure of how to write a story, a compelling story that engages people that elicits an emotional change all that and so one day when in a coaching session, I said, you know, if I was going to write a book, I'd probably tell a story and then he heard that and you just like, What do you mean, tell me more and then that was the spark. So then then I get obsessed with it and I'm like, I could write a parable about what I've learned over the last 20 years as an investor, what I've learned in the last 25 years as a coach, yeah, and kind of weave them together into a story. Michael: How cool and without giving away too much of the book. I mean, what could people what should people expect to find when they when they get a copy? Rich: Basically, it's about this family, man, his name is Ryan Brooks and he's like a hard worker. He's got a wife, he's got a couple kids, and he's making a decent six figure income maxing out his 401k but he has no time for his wife or his kids or even his life and he's not investing. He's basically what we call today, Henry, right? A high earner, not rich yet. So he's… Michael: I love it. Rich: Yeah, they're out there does a lot of people you know, especially in California, where I'm based, and that make a lot of money, make a good income, but they're not rich, they're not wealthy, and they're not investing their money. They're spending it on things and so this guy is, is in that same trap. So he just starts to learn from he meets this new friend and mentor, who takes him out on adventures. Of course, it takes him out climbing takes him out mountain biking in in the sessions, when they're having fun together. He teaches him about investing about how wealthy people think, how rich people operate, and how and how poor people operate and think and he really goes over the difference between, you know, truly wealthy people, and people with a lot of money. He even says, you know, I know some people who are so poor, all they have is money and I see that in Malibu, you know, where I live there's a lot of has a lot of money and some of the people are really stoked and really happy and getting the most out of life and investing their money at some of the people are grumpy and miserable and, you know, that's rich in money but not in life. So there's a lot of lessons about helping Ryan Brooks and his mentor walks them through this on how to invest how to how to really look at life through a different lens. One of my favorite things a mentor says to his mentor is about assets and he just kind of puts it in a different frame. He's like, you know, assets is are anything that will provide you income, or better health or happiness or two time and liability is anything that detracts from your income, or your health or your happiness or your time. So it's kind of a cool that type of perspective is this mentor is like, he's the me I hope to be in the future. He's that in that wise investor who's you know, he's got it all together, he's got this sage advice. He's very stoic, but he shares these lessons. So it covers the journey of five years of when they first met, and Ryan Brooks is struggling and just doesn't know what to do and it shows five years later, what happens and how he becomes wealthy in more ways than just money. I love it in money, too. Michael: I love it. I love it enrich. Where can people find the book? Rich: It's on Amazon, all major booksellers, published through Rich Dad advisors. So Robert Kiyosaki wrote the foreword for me, which I'm very grateful for… Come full, full circle, right. Michael: Totally. Rich: Yeah. So it's on Amazon. It's called the wise investor. Subtitle is a modern parable about creating financial freedom and living your best life. I got the cover right here. So it's out on eBook. This is what the cover looks like. Perfect. So it's out on eBook. But the printed version, the hardcover and the audio book won't be out until August and it's because of just like real estate supply chain issues. There's not enough paper at the printers, so it's a long wait six, seven months now to get a book printed. Michael: Holy smokes… Rich: Isn't it wild? Michael: Yeah, okay. Well, I'm interested, get your order in now, because it might be a while. Rich: Right, yeah. So hopefully it all comes out in August. Hopefully it comes out earlier in August but yeah, and the audio book was, that was a fun challenge for me. Big goal, because, you know, it's a story and there's 10 different characters, females, older people, young kids, so I had to become, I had to learn some voice acting skills over the period of a couple of months and really practice it. Oh, how can I think I pulled it off, we'll see how the reviews are. Michael: Right on. That's great. Well, Rich, I'm curious to get your opinion on something because you're a coach, I will also work as a coach and there are folks out there that say you can take the horse to water, but you can't make him drink and so thinking about kind of the Henry's out there, and I think a lot of our listeners might find themselves in this boat, too. They have friends, family, folks around them that don't get real estate investing, right? I have a six figure job, I got a great job, why would I bother investing, I can make more money at my job. So what do you say to all those people and really, how do you position investing in general or real estate investing specifically to the people that think they haven't really good as things stand? Rich: Yeah, I mean, first of all, you know, as a coach, I'm going to help point out what is good first, you know, this is the way I coach, the gratefulness piece and, you know, it's like, well, you know, be stoked on that six figure job, or whatever it is and it's about creating freedom and so many people don't have that freedom and that's what the Henry's don't have. If they have a short runway, if they stopped if they lost their job, which we've seen happen, they don't have many months left of cash flow, to be able to live their lifestyle, or any type of lifestyle. So that's the biggest thing would be that, do you want to create freedom for yourself, and not have the stress of losing your job, or wanting to move to a different job, if you're not loving what you're doing, a lot of people stay trapped, struggling, just trapped in their jobs, because it's like, this is my income, this is the way this is what I need to make ends meet. So that's the biggest thing, it's really about having your money, make money, so you can create freedom in the future freedom of time and everything. I think that's the biggest one and then so then flipping on the other side, there's something too about America, in the world that we are preprogrammed. When we think invest, we think stock market and you know, I have nothing against it and Kathy and I are and my wife and I are invested in the stock market, but our major focus and the big aha, back through that story is, you know, we were doing that we were contributing to our IRAs and, you know, doing everything we were supposed to do investing in the stock market. But when we learned about leverage the power of leverage and how you can like 5x your money, just through the power of leverage. I mean, that's a standout and that's one of the lessons the mentor goes over in the book. He, he has Ryan compared to say, say you have $200,000 to invest and you invest 200,000, and gold, you put 200,000 and you buy, you buy maybe 400,000 in the stock market on that, you just leverage it and then you invest that same amount into real estate and then he kind of plays it out over five years, and over 10 years, sorry. So he's like 10 years later, and he said, so how much would the gold be worth at the same appreciation that's gold has been at and they look at that outcome and he said, oh, now let's look at your stocks and he looks at that. It's like good, he's got a decent return. Another investment, you know, he's got home and he's like, almost tripled his money but then the real estate, he looks at it, and he's 5x his money and more and then he's like, and that doesn't include the cash flow. It doesn't appreciate all the depreciation write offs and the tax benefits. So it's kind of like an eye opener to be like, oh, wait a minute. Now I see the, you know that the angels sing about investing in real estate and all those amazing, amazing benefits. Michael: Totally, totally. Yeah, that makes that makes complete sense and curious, rich to get your thoughts on when looking for a coach because I think that that's something that some people have trouble wrapping their head around, it's like, oh, I you know, I don't have a coach in life and so I would never be inclined to go get a coach or pay for coaching and so if people are inclined to do so if people are okay, accepting that, what are some things they should be looking for when selecting a coach, or a mentor or whatever, you'd have someone to help walk them through their journey? Rich: Yeah and that's a great question. It's like, I'd actually like to start step back a little bit, because you said what if they want to coach I would even go as far as there's a lot of people that I meet who say, Why do I need a coach, you know, I can hold myself accountable. I, I know how to set goals. I know how to go after what I want and everything in so why would I… Yeah, like you said, Why would I even pay someone or do anything like that and it's, you know, it's that age old metaphor or an analogy of an Olympic athlete, right? Did they get to the Olympics without a coach? No, you need someone to point things out. So for me, I know the power of coaching has been incredibly amazing because I have a coach to basically hold up the mirror to ask me the questions that I'm not asking myself, to help me look at myself and be like, you know, asking those tough questions. How are you operating? Are you being your best self? Are you, where are you getting in your own way? What's that inner Gremlin in your head saying to you? What's your limiting beliefs and what are you going to do here, what and look at new perspectives, new ideas. So there's a power in that, that it's called, I'm certified in CO active coaching, which is two people, you know, when you come together, you come up with ideas that you neither would have thought about their own? So that's another powerful piece of coaching. So that's, that's the first part of my answer and then the second part is, when you're looking for a coach, I think it's really what you're looking for. So are you looking for a mentor, which is I think, different than a coach, a mentor has kind of been there, done that, just like the mentor, and in the book I wrote, he's been there and done that. So he can say, if you just do what I did, you will be where I am, which is awesome, and very valuable and that's a mentor and I think some people are looking for training and consulting, where they sign up for a coaching program. But it's more about teaching to learn a specific skill and that's very valuable to so and then the third one would be looking for a coach who's more like that coactive approach where it's someone who I first shared, and what I've gotten from coaching is someone to ask the most powerful questions, someone who's intuitive, someone who can really help you shift your mindset and be your best self and operate at your best self. So that would be a another type of coach or a peer coach in my eyes and sometimes it comes together, you know, I'll say to my clients, do you mind if I throw on my consulting hat right now or my mentoring hat? So they know that I'm stepping out of that coat peer coaching role and be like, you know, I've invested in real estate for a while I can give you some advice here, I'm not going to have you, you know, go and search it and try to learn it elsewhere when I've got it right here, and I can share it with you. So I think that's it, it's like looking for what is it that you want? What are you looking for and that would be the first thing and when I was interviewing for a coach and looking for I've had several coaches over the past 25 years, when I interview a coach, I'm always coming from the place of like, what's the vibe? What's it feel like to be coached by this person? Do they? Do they ask powerful questions? Are they really hearing me and are they into my vision? You know, I think the biggest thing would be connecting with that coach, and really, really noticing, like, is this coach, really seeing my vision? Do they really get me who I am and what I want what's going to help me be fulfilled in my life, and in my career, and it's just a sense thing. So you can get that sometimes you you're talking to a coach, it's like, oh, this guy's or gals just coaching for the money, you know, just looking for another client. Sometimes you talk to a coach, it's like, wow, this person is really like, wants to coach me on their ideal client and so you can sense that Michael: Interesting and how should people be thinking about it for themselves? If maybe they're not sure if someone is just getting started out in this journey, they know they want to invest in real estate, that's the goal but they don't know how to approach it to the to coaching and mentoring a consultant. I mean, what are some questions that they could be asking or things they could be thinking about, as they're starting? Rich: That process gets great, I mean, experience, I would ask for experience and you know, I think it's great, you can find you can definitely find a coach, you know, or whatever they call themselves. They might call themselves a mentor, but it's like asking those questions. and talking to that person, just you know. So here are some of my goals. I know that you invest in real estate, can you tell me about your real estate background? What's your investment, investment philosophy? What have you invested in and I would even ask the coach, you know, what's been your biggest challenge your biggest failure as a real estate investor, you know, get see how vulnerable and real they are and if they're willing to, you know, to share that, and what's been your biggest, you know, what's been your biggest win as a real estate investor and what's your greatest strength? So I would ask some of those questions of a coach and then also like, what's, where do you I mean, real estate investing so broad, right and so it's like, what do you specialize in? What do you know best? When it comes to real estate investing? Michael: Yeah, I love that. You mentioned tell me your biggest failure, biggest flop. I had a mentor back in the day, and he said, I don't trust anybody without a limp. Yeah, because like the people that have only had successes don't know how to do save no right to ship when things go sideways, and they will go sideways. Rich: They will, they will. Yeah, I know that people who got into real estate in 2010-2015, who are just, you know, knock it out of the park, and they think they're, you know, superheroes. Sometimes I'm like, oh, careful, careful Michael: We are all superheroes in this, you know, the last decade. Rich: Exactly. Yeah, yeah. Michael: So Rich, talk to us a little bit about what you've seen. Some of your coaching students or mentees get right and what have they gotten wrong because you really we have the beauty of hindsight now… Rich: When it comes to investing, specifically? Michael: When it comes to investing specifically… Rich: Yeah, wrong and it's the same mistakes that Kathy and I made too. And it's that you try to talk people out of it and it's like buying an overpriced property in a non-landlord friendly state that is maybe slightly negative cashflow, or just breakeven, and they're looking at and say, but look at how this is appreciating in five years, it's going to be worth this much and it's like, no, so honestly, that's the biggest mistake I can see and I can see it in single family all the way up to multifamily. You know, just speaking at these conferences and meeting with a lot of people are doing multifamily. They think they're superheroes. They're doing this short term, short term lending short term loans, and bridge loans and really dangerous stuff at this time in the market because it's what's worked in the past and they think that they just like, Well, yeah, it's like, I know, this is a I know, it's only a you know, 2% cap rate, but that's okay because, yeah, just a one in three years… Yeah, exactly, so there's something there's something about, there's something about that. Yeah, it's just it's fundamentals, I think that's what it is, is comes down to investing fundamentals and that's what we preach at our company. It's how we help our investors, it's just really coming back to the fundamentals. Make sure you're doing it right. Michael: Yeah, that makes sense and what about the other side of that coin for the folks that you've really just seen knock it out of the park? What are they doing and you can't say the fundamentals, you have to pick a different answer go? Rich: That's great. I love that. Agreed, yeah, what value is that? Really, it's the people who, what I've seen, it's the people who take the long term game plan to the boring investors, the ones who are not trying to do this rapid growth, and trying to 10x their portfolio or 20, exit, or whatever it is. So it's keeping that long term perspective and just, you know, making sure that you can control the properties through any type of downturn and so the lessons learned that that, you know, being going through the whole recession, the Great Recession, and the whole mortgage meltdown, and all that big lessons came from that and so that it's the people who take out long term, continuously reinvesting to so it's like, you start this small, small portfolio, whether it's passive or active, and then you just start expanding and expanding and expanding it and I would say, it's the people who focus on the overall cash flow, not just I mean, brink weaving into appreciation, but looking at it, like five years from now, this is what my portfolio will most likely be doing based on everything, even if there's a recession, or whatever and then looking out 10 years and looking at it 15 years. So it's that big picture and then reinvesting. The opposite of that would be someone who's I have some friends who were only flipping, so very transactional, and they had to find the properties either flip it and that's where their income was coming through into constantly flipping it and they adjusted the wise ones and the smart ones adjusted and switch to the bur stead strategy and so they started to find these properties, fix them up, but then they would hold them and rent them out and now they're the ones that have amassed a good amount of wealth, whereas the other people who are flipping are still in the transaction game. Michael: Yeah. Ah, that makes sense, that makes sense. Okay. We've had a pretty good debate on the show over episodes about something called an alligator, which I don't know if you know Michael Zuber at all he's an author of one rental at a time. He's a good friend of the podcast, but in his definition alligators any property, that's negative cashflow, you have to feed it every month to keep continue owning it. So as you're talking about big picture, are you okay? If you say for instance, take out a cash out refinance a property to make that property a go negative, but to buy property B and now your global cumulative cash flow is greater than that a property a alone. Rich: I'm in the camp of no, don't, do not no, no negative cashflow and negative cash flow and I'll be completely honest and transparent that the house at Kathy and I were in in Malibu before this, we bought it, we fix it up, we bought it for $747,000 in Malibu, which is rare, hard to find, it's like unheard of. Yeah, it was like it was a one bedroom, one bath built in 1927 and we had to completely gutted it and rehab and we put about 300,000 into it and then we didn't get permits. So we got busted in that process and now there's still a lien on title from LA county building department and so we can't sell that place and we can't even get a refi until we get those liens off title and get it all permanent everything which is a, that's a whole different stories… Michael: Trying to get us to do an entire podcast series… Rich: Coastal Commission and all that stuff. So oh my gosh, so we have a tenant in there and it's slightly cash negative cash flow. So that's like 150 to 200 a month negative cash flow. So being completely honest, we do have a negative cash flow, it drives me crazy and that house has gone up probably $400,000 over the last couple of years in value. So we could look at it that way. But we can beyond that everything that we hold is positive cash flow, even if it's just like $100 a month positive. That's fine and if we're going to do a cash out refi we make sure that it's appreciated enough where we can do that cash out refi and not have the loan payment, PTI go over what we're gonna get for rental income. Michael: Yeah, makes sense. Well, I appreciate you sharing the misstep and the vulnerability here on the show but it wasn't intentional, that was just a series of consequences. That hadn't be negative. You wouldn't you would intentionally do that. Rich: Yeah, we did bring it on ourselves and but yeah, wasn't intentional. We didn't want to get caught. Michael: I've played that game before, too. It's a risky one. Rich: It is. Yeah, so you're always looking out the window and yeah… Michael: Who is coming in, roday gonna be the day get caught o maybe tomorrow? Rich: Exactly. When we were almost done. We were building the final deck in the back and all of a sudden, this building inspector shows I'm investigating you because one of your neighbors called… Michael: I was gonna say but it's probably one of your neighbors. Rich: Yeah, because it would make the cut and concrete and it was so loud or for the whole week. I think it just drove this neighbor crazy and so it is what it is. Michael: As soon as a quick aside one of the other hosts on the show with me, Tom he, one of his neighbors called on him he was adding an offer a small prefab office in the backyard of his property. neighbor called he gets in trouble. Same thing didn't pull permits. So now he's going through that whole rigmarole. But the funny part is the neighbor that called Tom found out that their fence is on Tom's property, it's on the wrong side of the property. He's like, thanks for calling and alerting me to that little fact. Michael: Unbelievable. Rich: So he's, he's playing that game. How do I how do I want to you know, play my next hand? Rich: The revenge game… Michael: That's it, that's it, best served cold on ice. Okay, Rich. Let's wrap up here. I'm curious to get your thoughts. We are in this very unique time in our economy in our market in this country and I'm just curious to kind of get your thoughts on what are you doing, personally as an investor and what are you doing in your business and what are you telling your students to do, as well? Rich: Absolutely, yeah. I have the benefit of being married to Kathy Fettke, who has been around for a while she's on the on the market podcast on Bigger Pockets and so she's constantly doing her market updates every year, she does predictions and has done that for the last 15 years and then at the every quarter, she doesn't investor update and at the end of the year, she puts herself on the line says okay, here's what I predicted back in January. Let's see how accurate I am and yeah, and she's been really good. She's like almost 95% on her predictions, which is awesome. So I just listened to her. You know, she's always interviewing experts and she's connected with like John Chang from Marcus and Millichap and so many just, you know, experts, as I said, with Kiyosaki and all that. So what she's saying I'll just speak, you know, because I get to hear through her office door when she's doing all her interviews and everything she think He said interest rates are not going to go up that much more, maybe even dip a tiny bit for mortgages, and then maybe level off. But even though the Feds gonna keep raising the rate, the lender and great mortgage rates can't kind of withstand that going up too much. So she thinks mortgage rates are going to hold around where they are and then there's such a glut in such a need for properties and not enough inventory. It's like a whole different world than 2008-2009. So yeah, I think we're, it's estimates are between three and 5 million homes shy right now, for housing units. So inventory still low and also, there's that whole thing where people are locked into these amazing interest rates, so they don't want to sell. So they just, it doesn't make sense to sell something and when you got a 3% mortgage or lower and go into a higher mortgage, so the real estate is gonna hold strong is what she's predicting, it's even going to increase a little bit rents are even going to increase a little bit surprisingly, even with, with the economy and inflation, rents are still gonna go up a little bit, that's her prediction and then a recession will hit well, most likely, sometime around late 2023, early 2024 but it will be a mild one, just kind of more of a correction that that's needed. Michael: Okay. Okay and does either her or you think that there will be any kind of pullback in demand as folks go back into the office or are we going to be seeing remote work kind of indefinitely, which I think was a big driver of that single family rental demand? Rich: Yeah, that's a big one. Yeah and the cool thing is like, we have teams that are like the boots on the ground. So there's different 15 different property teams in our company that find properties and so and we just did a mastermind with them in Tampa, Florida and we spent two days and we really talked about all this exact same stuff. So it's, it's something around not like a big hit on it. There still will be some availability, but not much different than if you look at today's current market right now is not going to be a lot different than that over the next year and a half. Michael: So for instance, we don't expect there to be much pullback in terms of demand. Dude, because we're expecting people to continue remote working basically… Rich: There's definitely a return to the office. There's there are definitely companies that are saying no, it's time to come back now that we want to look over your shoulder, we want to hold you accountable and all that stuff. It's so funny, because it's like the surfing lineups are getting a little bit lighter thinning. So funny. Go Oh, it's like why are so many people surfing? Oh, they're supposed to be orange. They think they're working. Their bosses think they're at work right now. Yeah. So I'm seeing a pullback there. So that's my gauge. Michael: So funny. Rich: Yeah, but not as much. There's definitely, with so many people how they've learned to use Zoom and GoTo Meeting and being remote and all that stuff. It's we're in a new world, there's no doubt about it. So I think there's going to be a slight pullback on buyers and transactions and all that. As far as the rate, but it's still not going to it's not going to drop to like dismal levels. Michael: Okay, sweet. Well, we will definitely have to stay in touch and see how you do how you and your wife do on those percentages. Rich, this has been so much fun, man. Thank you again, if people want to learn more about you want to learn more about real wealth, where can they do that? Rich: For the book? Like I said, it's on Amazon or if people want to learn more, before they buy it, just go to https://realwealth.com/the-wise-investor-book/ and then our website is just simple, real wealth: https://realwealth.com/ Michael: Perfect. Alright, thank you again and I'm sure we'll be chatting soon. Rich: All right, man. Thank you, it was fun. Michael: All right, everyone a big thank you to Rich for coming on. Super, super insightful. I know I learned a ton as a coach myself in what to look for in a coach and mentor going forward as well. So as always, thank you so much for listening, and we look forward to seeing the next one. Happy investing…
Rich Fettke has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of The Wise Investor, Extreme Success, and the audio program Momentum. Rich is also a co-founder of RealWealth. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. In this episode we talked about: * Rich's Bio & Background * Helping Individuals with Real Estate Investment * Geographic Preferences * Interest Rates and Inflation Overview * Coaching * Writing a Book * Mentor's View on Assets and Liabilities * Definition of Real Wealth * Thoughts on Being Self-made * Wealthy People Mindset * Resources Useful links: Book: “ Be Your Future Self Now: The Science of Intentional Transformation” by Benjamin Hardy Book: “The Willpower Instinct: How Self-Control Works, Why It Matters, And What You Can Do To Get More Of It” by Kelly McGonigal https://realwealth.com
Katie welcomes this rockstar to the What's Working Now show. Chris Lee has paid his dues in struggles and pain, but his tenacity for regimented daily routines has paid off. Chris has taken his business, Solgen Power, to the 12th fastest-growing, privately held company in the nation. Building this 200-million-dollar company in four and a half years, all while fostering an amazing relationship with his wife of 17 years, Andrea, and his 5 kids, is no small feat. Chris shares the habits he's learned, that he believes have led him to where he is.3 Key Takeaways“You're never going to be able to change somebody, but you can always change the way you treat somebody.” - Chris LeeAssociation, Spirituality, Economics, Physique, if a principle is true, it will be applicable to all 4.Put God first. As you make money it's easy to question spiritual things. Don't.ResourcesChris' FacebookChris' InstagramCEO Insightswhatsworkingnow.comAtomic HabitsLeadership and Self-DeceptionBonds That Make Us FreeAboutChris Lee is a Washington State native and currently resides with his family in Pasco, Washington. Chris is first and foremost a family man. Chris and his wife Andrea are raising 5 beautiful children and hope to create a brighter future for them and their posterity through balancing their carbon footprint. Chris is a successful entrepreneur and has been called a creative genius by his colleagues. He is passionate about his team, giving back to his community, and influencing others for the better. Chris' entrepreneurial mind and experience in the solar community have helped him catapult Solgen Power to be one of the fastest-growing Solar Installation companies in the nation.
“That was their dream back then – going places. Traveling the world. Now, twelve years later, he was forced to admit that they hadn't gone anywhere.” - excerpt from “The Wise Investor”If you've longed to improve yourself, to reach greater heights, to have more freedom and more money to pay for it all, this book is for you. “The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life" by Rich Fettke is an inspiring parable about building what author Rich calls Real Wealth. It tells the story of Ryan Brooks, a husband, father, and hard-working employee who, with the help of a new friend and mentor, finds a different path to financial security for himself and his family and becomes wealthy in more ways than he thought possible.In this episode, Rich joins his wife, Kathy on The Real Wealth Show, to talk about his new book -- why he wrote it, what it might teach you, why it's so powerful yet so much fun to read, and what it could potentially do to change your life. Rich oversees the business development at RealWealth. He is passionate about developing the RealWealth team and systems, and is always looking for new ways to bring good people into the RealWealth family. As a licensed real estate broker, experienced investor and Master Certified Business Coach, Rich specializes in helping the team stay aligned and inspired to fulfill the company's purpose, mission and values.Twenty years ago, he wrote “Extreme Success.” His latest inspiration is a new book and the topic of this episode: “The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life." The kindle book is available now at Amazon. The hard cover and audio versions can be pre-ordered and will be available in late August.If you're not yet a member of RealWealth, please take a moment to sign up at realwealthshow.com. RealWealth helps educate people on the creation of passive income with single-family rentals in desirable markets around the country. It's free to join and get access to the Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. And please remember to subscribe to our podcast and leave a review! Thank you!
If you spend any amount of your time learning how to build wealth and achieve financial freedom, you've probably read numerous books. Many of the books we read are non-fiction and jam-packed with excellent content, but when you look back, the books that really stick with us are the ones that have a story. Today's guest, Rich Fettke, the author of Extreme Success and the audio program Momentum, realized this, which led him to write his latest very popular book, The Wise Investor. In this empowering book, Rich turns the lessons he has learned about creating wealth through cash flowing investments into an inspirational story about a hard-working professional who doesn't have any time to do what he loves. Throughout the story, the protagonist discovers that an asset is anything that brings you happiness, health, money, or time. Rich Fettke is also a Co-Founder of RealWealth® and has a passion for helping people improve their businesses, grow their wealth, and live more fulfilling lives. Since 2003, the company has helped over 60,000 members improve their financial intelligence and acquire cash-flowing income properties — so they can live life on their own terms. As a licensed real estate broker and an active investor, Rich was selected as a Rich Dad Author for his expertise as a Wealth Mindset Expert. In this episode, we discuss… How a battle with cancer led Rich to discover this new definition of “Asset” Why the StoryBrand framework is a powerful tool for conveying a company's message How Rich stays present even when he is overwhelmed with demands on his time How Rich met Robert Kiyosaki, and why Robert wrote the forward for Rich's book! If you are pursuing financial freedom and constantly learning how to find balance in your life, tune in to hear Rich's incredibly motivating story and take in some of his golden nuggets! Take Control, Hunter Thompson Interested in investing in ATMs? Check out our webinar. Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital? Check out our new FREE webinar - How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group
As a person that is fully dedicated to sportsmanship and the scientific method to everything I do, I found my conversation with an innovative thinker, educator, mentor, speaker, author and an expert in Learning and Development, Mentoring and Leadership Development, Dr. Ruth Gotian, absolutely inspiring. She has just published her book called “Success Factor” in which she interviewed Olympic gold medalists, Nobel Prize winners, astronauts, Fortune 500 company executives, and Senior Government Officials. Dr. Gotian is the Chief Learning Officer and Assistant Professor of Education, Anesthesiology, at Weill Cornell Medicine. Highlights and Timeline below - audio episode link: https://bit.ly/ruthgotianpodcast 3:04 – Dr. Gotian's Personal Career Path. 6:23 – RELATIONSHIP BETWEEN TALENT AND ULTIMATE SUCCESS. According to Ruth, talent is important but it is even more important to learn to use it. The FIRST of the 4 secrets to extreme success is 1. INTRINSIC MOTIVATION. So if you are talented and intrinsically motivated, Dr. Gotian says you can become unstoppable if you also learn to integrate the other 3 elements, or secrets into your life. 9:08 – When you tap into what you love most, you will automatically be inspired to have the work ethic, tenacity, and outwork others in terms of time and productivity to master your craft, hence the second secret element of success – 2. WORK ETHIC. 10:14 – The Third secret is 3. A STRONG FOUNDATION. The most extreme high achievers have a strong foundation which they are constantly reinforcing even after they win a Nobel Prize, for example. 12:14 – The last common characteristic among all the recognized high achievers is 4. CONTINUOUS INFORMAL LEARNING. To emphasize the value of mentorship, Dr. Gotian always says “if Olympic gold medalists, astronauts, Fortune 500 Excutives all have mentors, why do you think you do not need one?” 14:53 – Q: How do people find their passion or intrinsic motivation first and foremost? Consider a “passion audit” exercise available for free to anyone that is interested at Dr. Ruth Gotian's website: http://www.ruthgotian.com/passionaudit. 15:54 – Q: How do you create your own momentum or success that others also recognize? 18:24 – How do you teach leadership in this distracted world in which we spend so much time alone, tend to overspecialize, and are more distracted than ever? 21:48 – Does technology increase your exposure and opportunities to be leaders for more people than ever before? The Thinkers 50 award winners and radar list members gave presentations recorded on the Thinkers 50 website available for free to everyone. But there is a difference between an average person and a high achiever, because the average person you meet says “one day I will learn this skill or take this course”, but a high achiever says “I am starting to take this course starting day one – today”. 25:51 – Are there any specific trends in the demands from your clients or network for any specific types or formats of L & D? 30:32 – What makes the mentorship different in healthcare? All the research shows that those people who have a mentor out-earn and outperform those who do not, they have lower risk of burnout, and higher career satisfaction. Evidence shows that 76% understand they should have a mentor, but 37% actually have one. 35:57 – Q: Is standing up for a mentee and demonstrating having mentee's best interests a requirement for mentorship? Standing up for mentees is sponsorship. So after you sponsor them, you should mentor them to make sure they perform well, so sponsorhip and mentorship are both parts of a continuum. 37:08 – Was there one example or experience throughout the course of writing this book that surprised you? 38:31 – Are the readers of your book likely to find the formula of their own success? 41:30 – What role did networking play on the unprecedented success of these celebrated indivduals? 43:49 – How are you stretching yourself and lifting others currently?
“If I have seen further it is by standing on the shoulders of giants.” - Sir Isaac Newton Kid Trillionaire Audiobook Chrissy's Cursive Book https://www.einsteinblueprint.com/academy https://www.einsteinblueprint.com/ Join the EB Chess Club -https://www.einsteinblueprint.com/chess John's KGR Club - https://kidsgetrich.com/club Music - "Everything in Color" by Ben Cantelon, used with permission and much gratitude.
Great discussion with Rich Fettke is the Co-CEO of Real Wealth Network, a 3-time Inc. 5000 ranked real estate investment company with 22 employees and over 54,000 members. Rich oversees the marketing and business development at RWN so we discussed how get his message across when so much marketing is coming out of Wall Street. He is passionate about developing the company's team and systems, and is always looking for new ways to bring good people to the Network. I asked him how he manages his team remotely. He gives us some tips and tricks to improve working with a remote team. A licensed real estate broker and investor, Rich is also the former CEO of a large health club franchise. As a Master Certified Business Coach and the author of Extreme Success (Simon & Schuster, 2002), Rich has been featured in such media as USA Today, Entrepreneur Magazine and the Wall Street Journal. With a love for adventure sports, Rich has competed in the ESPN X-Games and is a record-holding bungee jumper, a skydiver, rock climber, skier and surfer. We also discussed more personal matters such as having your wife and family as business partners. It could be a blessing and a curse. ;) He is happily married to his Co-CEO, Kathy Fettke, and they have also co-parented two wonderful daughters. Book recommendations from Rich are: 1) Traction https://www.amazon.com/Traction-Get-Grip-Your-Business-ebook/dp/B007QWLLV2/ref=sr_1_1?dchild=1&keywords=traction&qid=1610990928&sr=8-1 2) Remote https://www.amazon.com/Remote-Office-Required-Jason-Fried-ebook/dp/B00C0ALZ0W/ref=sr_1_1?dchild=1&keywords=remote&qid=1610991064&s=digital-text&sr=1-1 3) Beyond Entrepreneurship https://www.amazon.com/BE-2-0-Beyond-Entrepreneurship-Business-ebook/dp/B08FZLMZDZ/ref=sr_1_2?dchild=1&keywords=Beyond+Entrepreneurship&qid=1610991122&s=digital-text&sr=1-2 4) and Rich's own book Extreme Success https://www.amazon.com/Extreme-Success-Program-Succeed-Struggle-ebook/dp/B000FC0O68/ref=sr_1_3?dchild=1&keywords=extreme+success+fettke&qid=1610991243&s=digital-text&sr=1-3
Is there a formula for EXTREME success? The answer is "YES." We worked with some of the top men in their industries and we've broken it down into a science. Tune in to find out what it is...
Juan Luis Lopez Fons is a Mexican-American video director, videographer, and editor, as well as the owner of Emotivo Productions, a video production facility. Juan Luis opened Emotivo Productions four and a half years ago and has helped businesses and individuals promote themselves, their values, and vision through compelling, personal, and engaging videos. These videos are designed to create trust between Emotivo’s clients and their future clients and give people a real sense of the individuals behind a business, event, cause, charity, or corporation.To find out more about Juan Luis Lopez Fons, you can check out the following links below.Website - http://www.emotivoproductions.com/LinkedIn - https://www.linkedin.com/in/juan-luis-lopez-fons-a5086819/To hear more of Scott Mason and the Purpose Highway™ podcast, join our community at https://purposehighway.com/ and subscribe to get notified when new episodes go live.
You could just run your 5 day Challenge in Facebook. I've done that plenty of times. At the end, you will usually want to offer something to your students to get even more results, right? What if you want to give commissions to anyone who invites people in the free group? Keeping track of commissions If you were to simply use the free Facebook group, you'd have to manage commissions if anyone else referred someone to the group. Sure, you can setup an affiliate program so that anyone in the group asks whoever invited them for their link. That works but there's a problem with it. What if the person doesn't remember who invited them? Or worse – more than one person did… The loss of sales If your members aren't confident that they'll get credit, they won't promote your free challenge much. Worst, what if they promote it and the referral decides to use someone else's link? I guess there's different trains of though on this... READ MORE and WATCH VIDEO at https://jeansergegagnon.com/course-income-secrets-330---how-to-use-click-ecourse-to-have-extreme-success-with-5-day-challenge/
The beginning of a new year is a great time to think critically about your current situation…and trajectory. What are your short-term goals...and long-term destination? How will you get there? As you will soon discover, this short podcast transcends climbing performance—it’s about human performance! What does it take to achieve extreme success? What’s the #1 thing holding most people back from reaching their big life goals? Eric describes his formula for making steady daily progress towards achieving important goals. You can apply this conceptual model to accelerate progress in any endeavor. So what are you waiting for? Listen. Apply. Achieve! Watch the "Extreme Success" video here >> PLEASE write a 5-star iTunes review of the T4C podcast, and consider sharing this podcast with a friend and on your social media. Thank you! SUPPORT THIS PODCAST! Save 15% on PhysiVantage performance Nutrition. Used by a growing number of pro climbers and thousands of recreational climbers around the world. Give PhysiVantage a try, and feel the difference it makes in your climbing! SAVE on La Sportiva shoes >> Thank yous: La Sportiva, Maxim Ropes, DMM Climbing, Friction Labs, Organic Climbing. Music by Misty Murphy Follow Eric on Twitter @Train4Climbing Check out Eric’s YouTube channel. Follow Eric on Facebook! And on Instagram at: Training4Climbing Visit PhysiVantage.com and get a 15% discount on full-price items with checkout code: PODCAST15
Watch Divisional President Hope Bourman and High Trust Coach Dan Munford deliver key insights and strategies on the most critical element of extreme success! "High Trust selling must start beneath the surface, on the inside, before you will ever truly be satisfied and successful on the outside." — Todd Duncan Schedule a FREE High Trust Coaching Consultation: https://pages.hightrustcoaching.com/
This is the ABQ Business Podcast with your host Jason Rigby. Each week we interview leading business leaders to inspire the vision and the spirit that is in every entrepreneur. We discuss strengths, weakness, strategies, systems and the problems we can all solve together to fulfill a shared vision of a new future for Small Business. Book Review "The 10X Rule" by Grant Cardone. Another Influential mentor that has been in my life since 2011 when I was at my lowest and didn't want to live. I ended up getting a sales job and listened day in and day out to Grant and his teachings it literally changed my life. I started to be successful and then this book came out in November of 2011. I consumed it through audible over and over again until I began to change. Grant Cardone is controversial, but he is honest, weaves ethics, and the power of your unlimited potential to everything he writes, teaches, and most of all does! Please go to www.abqpodcast.com where you can get show notes, resources ,and links to everything we talked about today to help you navigate your journey as an entrepreneur and business owner in ABQ. Follow me on instagram at @abqjasonrigby or sign up for my email list here where I drop marketing secrets to help your ABQ Business!
In this video we will hear from Master Certified Business Coach and Real Wealth Network Co-Founder and Co-CEO, Rich Fettke. He’ll share the year-end completion process he’s been teaching Real Wealth Network members for the last 14 years. During this video podcast you will: (1) Learn effective ways to set goals while still looking at the big picture, (2) The value of doing a year-end review and completion, (3) A simple 4 step process for assessing your strengths and abilities, (4) Walk away with a written one page summary of your successes, wins, challenges, and lessons learning in 2019, (5) And much more! About Rich Fettke: Rich Fettke has helped thousands of entrepreneurs improve their businesses, grow their wealth, and live more fulfilling lives. He is the author of Extreme Success and the audio programs FOCUS and Momentum. Rich is also Co-CEO of Real Wealth Network. Since 2003, the company has helped over 29,000 members improve their financial intelligence and acquire cash flowing income properties — so they don’t have to work forever. Rich is a licensed real estate broker and an active investor. A pioneer in the field of business and personal coaching, Rich is past-president of the Professional & Personal Coaches Association and is former vice president of the International Coach Federation (ICF). He also holds one of the ICF’s first Master Certified Coach credentials. Rich’s work has been featured in numerous magazines and newspapers including USA Today, the Wall Street Journal, Self and Entrepreneur Magazine. He has also been a guest on every major TV network and on dozens of radio shows including NPR and the Dr. Laura Show. His diverse clientele includes IBM, Prudential, Century 21, Morgan Stanley and the United States Army. The former owner of a large health club franchise, Rich has over 30 years experience in business start-ups, management and training. He holds a degree in Business Management from Merrimack College in Andover, Massachusetts and is a graduate and former instructor of The Coaches Training Institute, the world’s largest, non-profit and accredited coach training organization. As an adventure athlete, Rich has competed in the ESPN X-Games and is a record-holding bungee jumper, licensed skydiver, experienced rock climber, lifetime skier, addicted surfer, and a really lame distance runner.
This week in our Tech Careers segment, we are joined by Jim Demikis, one of Directions’ very own Senior Applications Instructors. As a Microsoft Office expert, Jim dives into the benefits of Microsoft Project in organizing the multiple moving parts of a project. Listen in to hear how this tool can help keep a project on schedule, help tasks be completed and manage multiple projects at once. Later, in our Women in Tech segment, we talk with ‘data whisperer’ Jen Stirrup. Jen is a data strategist and technologist with over 20 years of experience and a long list of achievements. At 8 years old, Jen’s uncle taught her how to program a computer and that as a girl, she could do anything that a boy could do, and with that, a spark was lit. Join us to hear Jen’s story as a woman in technology, the struggles she’s encountered and how she’s overcome those struggles and built her confidence.
Kathy Fettke is a real estate investor wonder woman. She is the co-CEO of the RealWealth Network, which hosts the RealWealth Show Podcast, and the Real Estate Investor News for Investors Podcast. She was also the keynote speaker at MidAtlantic Summit. We were able to catch up with her and learn about her incredible career starting as an actor, a talent agent, then to an investigative news reporter, and a mortgage broker. After overcoming her husband’s battle with cancer, she became very life and people focused. She eventually moved into real estate investing as a way to make ends meet, and it grew from there. She now shares her knowledge and experience helping others through the RealWealth Network. Reference Links RealWealth Network https://www.realwealthnetwork.com/ RealWealth Show Podcast https://www.realwealthnetwork.com/learn/?wpv-category=real-wealth-show-podcast-podcast Real Estate Investor News for Investors Podcast https://www.realwealthnetwork.com/learn/?wpv-category=real-estate-news-podcast-podcast MidAtlantic Summit https://midatlanticsummit.com/ Robert Kiyosaki https://www.richdad.com/ Extreme Success by Rich Fettke https://www.amazon.com/Extreme-Success-Program-Succeed-Struggle/dp/0743223144
Monumental | Entrepreneurs | Visionaries | BIG Thinkers | Real Estate Investors
Kathy and Rich Fettke are the founders and Co-CEOs of the Real Wealth Network, a 3-time Inc. 5000 ranked real estate investment company with 22 employees and over 42,000 members. Kathy is the best selling author of Retire Rich with Rentals. She hosts two podcasts, The Real Wealth Show and Real Estate News for Investors — both Top 10 podcasts on iTunes with over 100,000 listeners every month. She was also named among the “Top 100 Most Intriguing Entrepreneurs” by Goldman Sachs two years in a row. Rich is a Master Certified Business Coach and the author of Extreme Success. Between the two of them, they have appeared on media outlets such as CNN, CNBC, Fox, Bloomberg, NPR, CBS MarketWatch, Entrepreneur Magazine, and the Wall Street Journal. These two are the REAL DEAL and truly making MONUMENTAL change in the world, helping others reach their MASSIVE real estate goals and living a life of Real Wealth! This is truly one of my favorite episodes to date! Amazing amazing! Find Rich & Kathy on www.realwealthnetwork.com Rich & Kathy on Facebook: https://www.facebook.com/RealWealthNetwork/ Rich & Kathy on LinkedIn: https://www.linkedin.com/in/fettke/ Rich & Kathy on Twitter: www.twitter.com/realwealthnet Rich & Kathy on Instagram: https://www.instagram.com/realwealthnetwork/ Leave a review for Monumental on iTunes: www.bit.ly/eholladay Intro/Outro Music by The Pass: SoundCloud: www.soundcloud.com/the-pass/tracks sonaBLAST! Records: www.sonablast.com/ Subscribe to the podcast and emails from Evan: www.evanholladay.com Follow Evan on Instagram: www.instagram.com/evanholladay Follow Evan on Facebook: www.facebook.com/EvanHolladay Follow Evan on Twitter: www.twitter.com/EvanHolladay Contact Evan: www.evanholladay.com
Frank McKinney is a real estate artist and international bestselling author of Make It BIG!: 49 Secrets for Building a Life of Extreme Success, Burst This!: Frank McKinney's Bubble Proof Real Estate Strategies, and Frank McKinney's Maverick Approach to Real Estate Success: How You can Go From a $50,000 Fixer Upper to a $100 Million Mansion. He created 27 self-sufficient villages in 24 cities in the last 16 years, impacting the lives of 12,000+ children and their families. McKinney is a five-time bestselling author in 4 genres, real estate “artist” who creates multi-million dollar oceanfront homes on speculation on the sun-drenched canvas of the Atlantic, Hollywood actor, ultra-marathoner, and acclaimed speaker. Podcast Highlights Who is Frank McKinney? Everybody needs a place that draws out their creativity and ingenuity because that is what gets you ahead in business. Frank grew up in a small town in Indiana and always wanted to be Willy Wonka because Charlie and the Chocolate Factory was one of the greatest marketing films of all time. When you combine that with Robin Hood, it gives you a good picture of who Frank McKinney is. Motivation washes off and goes down the drain with the soap at night. Motivation and inspiration don’t last, but aspiration will alter your DNA. Who do you aspire to emulate? We have to start small. Frank began the first five years of his career buying houses that were worth less than $100,000 and flipping them. He put in his 10,000 hours into the craft of real estate. Approach your business like an artist would approach their craft. A lot of investors approach the business looking to cut as many corners as possible. Real Estate Artistry Most people that enter the real estate industry see a spreadsheet and look to squeeze as much as they can out of it. Frank looked at his career differently. He compressed his margins early on so that he could grow his reputation. He took the time to build his reputation before he built a house. You must set yourself apart in your industry with your personal brand. Personal branding is the art of amplifying your essence so your customers become intoxicated by your message and you as the messenger, and then in rapid fire succession with your product next. Your personal brand is very important in the real estate business because there are so many people in it that you have to stand apart. Authentic, Transparent, and Vulnerable is a great way to approach your life and your business. Frank had a lot of self destructive tendencies when he was young, but he swore off the dangerous habits and channeled those desires into his business. Speculation Building Frank’s niche is deeply local, the farthest project he’s done from his home is only 8 miles away. There are only roughly 160 opportunities for Frank to build on the oceanfront area he uses as his canvas. The big lesson is to carve your niche and deeper and wider than most. Know your market better than anyone else. Frank knows his market and the market knows him. Risk tolerance is like a muscle, the more you use it the more capable you are of taking risks that others would think are crazy. Fear is what stops us, it’s not the risk. Risk is always associated with a big change or a big challenge in our life. For Frank, the biggest risk is not taking one. Frank is still afraid, that’s how he knows he’s moving forward and making progress. Caring House To whom much is entrusted, much is expected. This is why Frank started Caring House and started building villages across the world. Frank describes himself as a simple thinker. If he’s building homes for the world’s most wealthy, shouldn’t he b
Today's interview is with a Success Insider called Antonio Centeno who's the founder of a Youtube channel called Real Men, Real Style.Want to watch the video version of this interview? Click here: https://www.youtube.com/watch?v=NkCavThMYtw
Dr. Steve G. Jones, Ed.D., clinical hypnotherapist has been practicing hypnotherapy since the 1980s. He is the author of over 22 books on hypnotherapy. He is a member of the National Guild of Hypnotists, American Board of Hypnotherapy and president of the American Alliance of Hypnotists. He sees clients for a variety of conditions. Among them are: weight loss, anxiety, smoking cessation, test-taking, phobias (such as fear of flying), nail biting, road rage, anger management, IBS, general wellness, pre-surgical and pre-dental pain control, natural childbirth, and many others. In business settings, he is regularly called upon by sales teams to boost salesperson motivation. His straightforward techniques Dr. Steve Jones shares his insights on the public perception of hypnosis, what’s wrong with hypnotherapy education, celebrity, publicity and the importance of adding value as a hypnotherapist. Plus, he shares personal and professional Mind Flipping stories and talks about his experience working with Patti Stanger on Millionaire Matchmaker and appearing on Below Deck. Show Notes: 4:25 Why Steve thinks hypnosis isn’t yet mainstream 5:56 Steve’s personal Mind Flipping story: Losing Weight in Tasty Las Vegas 9:20 Being a hypnotherapist when you have things to work on 13:14 Client Mind Flipping Story: Extreme Depression to Extreme Success 17:04 Adding value to others adds value to your success 18:10 How Steve’s audio hypnosis programs impact people 18:47 The Millionaire Matchmaker Patti Stanger 21:14 Steve’s Phrase of the Day 21:10 The common belief Steve disagrees with 25:18 The problem with hypnosis training 30:26 What Steve always thought he’d believe, but doesn’t anymore 32:02 Steve’s Get Out of Jail Free card says… 33:20 “Don’t go chasing publicity. Let publicity chase you.” – Dr. Steve G. Jones 34:10 How Steve found himself on Millionaire Matchmaker & Below Deck 34:42 Cracking the Millionaire Mindset 37:19 On being an introvert 37:58 HypnoThoughts Live CLICK HERE to get Steve’s FREE Unlimited Wealth HYPNOSIS MP3!!! For more information about Dr. Steve G. Jones, his services and his audio, CLICK HERE
Carter Kaufman is a truly exceptional human being. Like most of us, Carter got lost somewhere along his road of life, only Carter’s version of lost took him to a much darker place than most of us ever see. For years Carter struggled with a heavy prescription pain pill addiction that almost ended up taking his life, but once he got clean and sober a new path opened up for him that led to a much brighter future. Carter has now been sober for over nine years, he has a beautiful family with his wife and newborn baby, and has become one of the top realtors in Orange County, CA. His story is incredibly uplifting and powerful and shows the heart of the human spirit. If you have ever struggled with anything, including, but not limited to addiction and have ever wondered if you can have a different and brighter future, then I urge you to listen to Cater’s story about how much your life can change for the better. As Carter states himself, it’s all one day at a time, but his one day at a time is crushing it! More from Carter Kaufman can be found on instagram at @carterkaufman_ If you like what you've heard and want to learn more about who I am and what I am doing, follow me on Instagram at @justinpurpero (https://www.instagram.com/justinpurpero/) Intro track by the Lo-Fi Janitor. More can be found from him at https://lofijanitor.bandcamp.com/
Every year, my hubby and co-CEO, Rich Fettke, leads us through a Year End Completion Process - which is essential for being able to make the New Year the best one yet. In this episode, you will review the highlights of 2017 - the wins, the challenges and the lessons learned. This process is one of the best ways to connect deeply with your family, your company, and yourself. Rich Fettke is an internationally renowned coach, speaker, and author of Extreme Success. We are very happy to get another year of great tips from him here on the Real Wealth Show. www.RealWealthShow.com
Target Market Insights: Multifamily Real Estate Marketing Tips
Her husband’s terminal cancer diagnosis forced today’s guest to search for financial solutions to prepare for the future. As she set out to learn about wealth creation, one asset kept coming up: Real Estate. While the cancer was misdiagnosed as terminal, the experience was life-altering and led Kathy Fettke and her husband Rich to co-found The Real Wealth Network. They live in Malibu, but invest passively all over the United States and emerging global markets. She’s appeared as a guest expert on CNN, FOX News, NPR and CNBC Marketwatch. On today’s episode of Target Market Insights, Kathy shares her thoughts on the current market cycle, where she’s investing and how to protect yourself in an uncertain market. Key Market Insights How tragic news led to the creation of The Real Wealth Network Kathy interviewed various guests, including Robert Kiyosaki to learn their secrets Why Kathy chose 5 properties in Dallas as her first investment Kathy shares the changes that have occurred in investment cycles in early 2017 Playing defense and offense to win in an uncertain market Why Kathy is currently investing in land deals in Reno, NV and Costa Rica Risks involved with low cap rate investments One key thing the White House administration cannot control Kathy’s starting point for vetting a new market Keys to pinpointing a growing market – even when the locals are clueless How Kathy stays on changes within markets: Real Wealth Network and local property managers One thing Kathy does to stay focused on her goals: Exercise Resources: Books: Retire Rich with Rentals by Kathy Fettke Extreme Success by Rich Fettke Strategic Coach by Dan Sullivan Digital Resources Basecamp - https://basecamp.com/ 15five: Performance Management Software - https://www.15five.com/ Tweet This: “Make every decision as if the economy is going to boom and as if it is going to bust.” – Kathy Fettke Places to Grab a Bite in Malibu: Café Habana - http://www.cafehabana.com/malibu Connect with Kathy: Website: www.realwealthnetwork.com Podcast: The Real Wealth https://www.realwealthnetwork.com/learn/real-wealth-show-podcast/ Podcast: Real Estate News for Investors https://www.realwealthnetwork.com/learn/real-estate-news-investors-podcast/ Please subscribe and leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.
On today’s episode we have Stephen Christopher, the founder of Seequs Marketing Technologies, a web marketing firm designed to help business owners achieve results they never thought possible. Stephen learned how to be a better business owner by experiencing a big failure in 2008 that left him broke and over $100,000 in debt. He will share us his roller-coaster ride as an entrepreneur which has seen him hit the heights, crash and burn, and then fight his way back to where he is today. Tune in as he provides some amazing, actionable steps and great insights to get you to the right direction. 02:19 – His first entrepreneurial learning experience 05:23 – The steps he took to get back up after his major setback in 2008 07:50 – Eliminating negative self-talk and a little visual exercise 12:36 – Choosing one social media platform to focus on as a strategy 19:53 – The importance of protecting your online content 24:29 – Focus everything you do on adding value 27:36 – Wrap Up Tweetables: “Don’t try to trick the system and stay focus on the things that you’re great at.” – Stephen Christopher Resources: http://www.bossacademy.com/ http://www.bizrevolution.com/facebook https://www.seequs.com/
The Food For Fitness Podcast | Nutrition | Training | Lifestyle | Healthy Living
He’s a champion powerlifter and world-class natural bodybuilder. Ryan Doris knows what it takes to compete and succeed at the highest level. He also completed two Masters degrees at the same time and set-up a very profitable sports supplements company. In this show Ryan talks about success, hard work, achievement and the monomaniacal focus and desire required to accomplish great goals. We’ll chat about why we should live in the present moment and be grateful but never complacent, why most people don’t really know what they want in life, how to decide if your training is right for you or if you’re forcing yourself to do something you dislike because it’s considered the ‘right thing to do’. Ryan talks about overcoming setbacks, avoiding distraction and overcoming roadblocks. This is a seriously meaningful episode and it will be quite different from anything you’ve heard on the podcast to date. . FFF 069: Developing A Mindset For Extreme Success & Phenomenal Achievement - with Ryan Doris is a post from: Food For Fitness
Today we are joined by an old friend of mine and a very special guest.. Rich Fettke… Rich and his wife, Kathy, are the Co-Founders and Co-CEO's of the Real Wealth Network. Since 2003, Real Wealth Network has helped people build passive income by helping them acquire fully-renovated, cash flowing income properties with minimal time invested on their part. These properites are located in the best emerging U.S. markets – with experienced property management in place. Rich oversees the marketing and business development at Real Wealth Network. . Rich is a licensed real estate broker and investor, and is also the former CEO of a large health club franchise.. As a Master Certified Business Coach and the author of Extreme Success. Rich has been featured in USA Today, Entrepreneur Magazine and the Wall Street Journal. With a love for adventure sports, Rich has also competed in the ESPN X-Games and is a record-holding bungee jumper, a skydiver, rock climber, skier and surfer. I've asked him to join us here today because, well we just haven't had any real estate investing experts on the show yet… I know myself it's something that's been on my list for YEARS but just hasn't made any progress forward. Knowing Rich for… at least 4 years now I think, I feel like an idiot because he makes it so simple. So I asked him to come on the show, kick start my real estate investing endeavours and hopefully help some of my listeners out… Enjoy!!! --- Mission Statement: My mission is to create 200 new multi-millionaire business owners who solve world problems with entrepreneurship. How? You'll do better when you know better. Would it help you to have a mentor who can cut your learning curve by sharing their mistakes with you so you could avoid them? Would it help you to talk to that mentor and learn how they shifted their mindset to allow success to happen in the first place? Would it help you to hear them talk to other high-level entrepreneurs about their journeys, their mistakes and how they overcame their challenges to create the lives and financial success they desire? The Best Business Podcast was created for you to have all this in one place. If you like it, please subscribe, give an honest review and share with a friend you think will benefit so I may serve you both together. "Your success is my success." -- Daryl Urbanski
On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!In This Episode We Cover:Who is Chris Clothier?What got him into real estate?Getting to the top 50 Home BuyersFive Real Estate Investment MythsMyth 1: Don’t work with familyMyth 2: Past performance is a reliable predictor for future investmentsMyth 3: Investing in real estate is a big time sinkMyth 4: You should only invest locallyMyth 5: You should avoid risk at all costFive specific scenarios that are risky and how Chris would handle themLearn an amazing tip when closing a deal!How not to get ripped off by a property management companyAnd SO much more!Links from the ShowBP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris ClothierRealtyTracBP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle20 Questions To Ask Before Hiring Rental Property ManagementHow To Train A Property Management CompanyBiggerPockets WebinarBiggerPockets ForumsBiggerPockets MarketplaceBooks Mentioned in this ShowMake It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinneyScaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne HarnishStart with Why: How Great Leaders Inspire Everyone to Take Action by Simon SinekTweetable Topics:“You don’t have a job for everyone.” (Tweet This!)“In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!)“A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!)“There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!)“Our fear of losing money is greater than our desire to earn.” (Tweet This!)“Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!)“For investors, risk is not a bad thing.” (Tweet This!)“There is no perfect time.” (Tweet This!)Connect with ChrisChris’ Company WebsiteChris’ BiggerPockets Profile
In this segment we explore prevailing attitudes about implementing new education technologies. Follow:@ShellTerrell @iplante @s_bearden @Katrinastevens1 @thomascmurray ajpodchaski @bamradionetwork #edtechchat #edchat #edtech #PTchat Alex J Podchaski serves as the Director of Technology at Oak Knoll School of the Holy Child in Summit, NJ. Katrina Stevens, a former teacher and administrator, is an education consultant with the Tuscany Group. Susan M. Bearden is the Director of Information Technology at Holy Trinity Episcopal Academy in Melbourne.