After a major health scare, Rich Fettke and his wife, Kathy, made a decision to enter the world of real estate investing. And they have never looked back! To date, their company, RealWealth, has helped over 60 000 people over $1.1 billion in assets. As the name of their company suggests, Rich and Kathy’s goal is to help people create real wealth, which means a whole lot more than just having a lot of money in the bank. During this episode, Rich explains the difference between being rich and being wealthy, what the four stages of financial freedom look like, and his strategy for dealing with fear. As well as running RealWealth, Rich is also an author, and today he shares with us how his most recent book, The Wise Investor, will add value to your life and inspire you to take action to turn your dreams into reality!
Key Points From This Episode:
- The shock that led Rich and his wife, Kathy, into the real estate world.
- Growth that Rich and Kathy’s business, RealWealth, has experienced over time.
- An overview of Rich’s book, The Wise Investor, and why he chose to structure it the way he did.
- The difference between a mentor, a coach, and a consultant, and the value of each one.
- Rich shares how he decided on The Wise Investor as the title for his book.
- Exploring assets and liabilities beyond their financial applications.
- The four stages to get to financial freedom.
- Unpacking the HENRY acronym.
- Why incremental progress is more effective than a quick-fix approach.
- The difference between being wealthy and being rich.
- Rich’s powerful strategy for overcoming fear.
- Why mindset is the key to success.
- Rich and Kathy’s approach to staying grounded individually and as a couple.
Links Mentioned in Today’s Episode:
Passive Income Through Multifamily Real Estate Facebook Group
