6 Steps I Took to Build Wealth Through Property Investment
Updated: Oct 14, 2019
Several years ago, I felt stuck. I had started a clothing brand, hoping this would be the solution to my career and financial problems. However, my business never took off. Devastated, I didn’t know what to do next.
I had known for a long time that I wanted to be an entrepreneur because I was terrified of getting stuck in a typical 9-5. But another motivation for wanting to start my own business was financial stability. The ability to scale my own business and charge my own rates meant that I could build wealth and ensure that my future family wouldn’t be in poverty.
With the help of a mentor, tons of research and loads of dedication, I now own my own real estate investment business and teach others how to do the same.
In my Real Estate Wealth Mentorship Program, I teach people how to build generational wealth through property investment in South Africa. In the program, I go in depth.
But today, I wanted to share the top 6 steps I took to build wealth through property investment:
I networked with a purpose
Before going into any business venture, it’s important to network with others in the industry. This is especially the case if you want your business venture to be profitable. When it comes to property investment in South Africa, intentionally connecting with people who have experience in the industry can lead to success and generational wealth.
I made mistakes
Mistakes can be viewed as one of two things: setbacks or learning experiences. I believe that making mistakes helps us to learn and grow. However, it’s important that these mistakes are made early to avoid loss of profits later on.
I partnered up with the right people
Partnering with others is a great way to share the risk and investment capital while still sharing the profits and building generational wealth. But partnering with the wrong people can end your real estate career before you even begin.
Who are the wrong people?