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?
Those who are inexperienced, greedy, dishonest and only focused on short-term gains. Only partner with those who have more experience than you in property investment in South Africa. The people who focus on building relationships and long-term vision. They are the ones who can challenge you and help you grow.
I invested in myself heavily
You can’t expect your account balance to grow if you don’t make any deposits. The same is true for your career. You can’t expect to be successful and build generational wealth without investing in yourself. I constantly invest in myself by keeping up with the market, networking with others in the industry and continuing to learn new skills. Remember: the more you learn, the more you earn.
I worked to have the right mentality
Property investment in South Africa is 90% psychology and 10% action. That means that, while the work is important, the wrong mindset will destroy your career. If you don’t have the right mentality, you can forget about being successful in the industry, much less build generational wealth. To get the right mentality for real estate investment, you need to study the behaviors and thought processes of successful real estate investors.
I always had exit strategies
Exit strategies are the key to successful real estate investing. They protect your investment, minimize risk and ensure that you can still profit from your investment regardless of any unexpected emergency. I always have a minimum of two exit strategies for each investment.
Do you want someone to help guide you through the process of becoming a successful real estate investor? Don’t hesitate to contact me or check out my course.
Hi, I’m Ezra Rasethe, an entrepreneur, real estate investor and coach who facilitated millions of rands in investment opportunities in just 3 years. This year, I am launching my Real Estate Wealth Mentorship Program where I help 20 real estate investors start, grow and scale their businesses. Are you interested in becoming a real estate mogul? Click HERE to schedule a FREE mentorship call with me and gain access to exclusive resources.