With me today is my mentor Dr. Marijo Wilson, and today we are answering and discussing the often asked question of, “can real estate investing make you rich?” Well the short answer is yes, but there is a big difference between being rich and being wealthy. Real estate is just one of the many vehicles that can lead to wealth and success in business.
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Hi, I’m Chimene Van Gundy, bestselling author and mobile home millionaire and in today’s video, we’re going to share with you a question that people always ask. Can real estate investing make you rich? What’s the short answer? Yes. Joining me today is my mentor, Dr. Marijo Wilson, who’s actually been an international mentor and trainer for the past 15 years. So the first thing I want to address is the difference between rich and wealthy. Yes, real estate investing can make you rich and rich is just having that money, right? You just have the money, you’re not really doing anything with it. You’re just kind of have the buddy and hogging it to yourself. But really wealthy. What wealthy is, is really the ability to be able to have the money and use it for other things and be able to maintain relationships and make relationships with others. And then best of all help others. Being wealthy allows you to be able to help others and it’s really, really not about the money. It’s what you can do with the money. So it’s really important that you understand that B, enrich is somebody who just has money. But being wealthy is truly maintaining the relationships that those you love and being able to do amazing things with that money, changing people’s lives, helping communities, helping out your family members. And so Marijo, how else can real estate make you rich? Well, one of the things is real estate in and of itself can make you rich. It can make you a lot of money when you learn how to do it well, you can also lose money. So obviously it takes knowledge and application of knowledge, but one of the things that you should be aware of is it’s not the only way to become wealthy, right? It’s just a vehicle. You can utilize real estate to become very wealthy, but a lot of people make their wealth in it or starting their own businesses. Maybe they’re even going and putting Porta potties out there and it’s such a great business, but they have a lot of cashflow. Where do they park that cashflow in order to build their wealth? Guess what? Most people put it into real estate. No matter how. If they’re a sports figure, they’re making money. It doesn’t matter how they make it, guess where they ultimately put a lot of their money is into real estate because of those tax advantages we talked about in the other video about the four buckets of money. So because the government gives us all these tax advantages, it’s a lot easier to build your wealth when you have the four buckets of money working for you. Where in other investments, we don’t have those four buckets of money. So by putting it into real estate, you have a vehicle that’s going to allow you to really build your wealth. Now, it’s not really just about the knowledge though. It’s about applied knowledge. So having somebody that can help you learn how to go talk to people, because real estate is really a people business. It’s not, it’s not about sticks and bricks, it’s about people. It’s how you solve people’s problems. And that’s one of the reasons I think women, sorry guys. But women are really, really good at this because we listen and we like to solve problems. And it’s very much the personal relationships that women are able to develop with those motivated people that need a problem solved. So when we start applying the knowledge and we go out and start helping people, so the more people you help, you help yourself, right? So the more people you help get what they want, then you get what you want. And so by applying it, a personal coach and mentor can really help you be a lot more successful at knowing how to go out there and talk to people. Guess what? There’s a lot of you out there that are even afraid to pick up the phone. Even though you’re spending all your time texting, you don’t really want to talk to somebody. Guess what? If you’re going to build rapport and a personal relationship and help people solve their problems, it’s a lot easier to do it by talking to them face to face on the phone. Make that connection and go make yourself some money by helping other people. So making sure that you have strong relationships and real estate can really help you use this as a tool and a vehicle to create wealth and ultimately be, I guess, rich. Anyway, we hope this video helps you and we can’t wait to see you on the next video.
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