"Don't let anyone convince you that your dream, your vision to be an entrepreneur, is something that you shouldn't do. What often happens is that people who are well-meaning, who really care for us, are afraid for us and talk us out of it."
― Cathy Hughes.
Today’s motivational quote is from an incredible woman- Cathy Hughes. And if this quote weren’t inspiration enough, here is a little bit more about Cathy’s story:
Cathy Hughes is a dynamic, media pioneer who demonstrates the power of one – one woman, one vision, one company – Urban One, formerly known as Radio One. As Founder and Chairperson of Urban One, Inc., the largest African-American owned and operated broadcast company in the nation, Hughes’ unprecedented career has spawned a multi-media conglomerate that generates original content across the spectrum of radio, television, and digital media.
In 1999, Cathy Hughes became the first African-American woman to chair a publicly held corporation,...
As women, we use to think that we can do it all, that we need to have everything perfect, and that's ok. Those are qualities of our personality that help us be one step ahead of life’s everyday challenges. But, when it comes to investing, some of the things that most of the time work in our favor, may become mistakes that can cost us valuable time and money.
Here you have a list of the most common mistakes women make in real estate investment:
One of the biggest mistakes we see women make in real estate investing (before they even begin) is waiting for the “perfect” time to begin. This is a HUGE mistake because as badass women who juggle 100 things at once. there will never be a perfect time. There will never be a perfect property, a perfect bank account balance, a perfect sign from the universe... and you waiting is only you getting in the way of your own...
"I always did something, I was a little not ready to do. I think that's how you grow. When there is that moment of 'Wow, I'm not really sure I can do this', and you push through those moments, that's when you have a breakthrough."
― Marissa Mayer.
Growth can be scary. Growth can be unpredictable. Growth can be difficult. BUT that’s what makes the growth life-changing.
Don’t be scared of taking the leap because you feel like you’re “not ready.” Sometimes taking the leap is exactly what you needed to do to GET ready!
Thank you, Marissa Mayer, for this lovely inspiration today!
Let me break this down for you:
1. The Right Vision: this means getting really clear on what you want your real estate investments to do for your life. Financial freedom? Tax benefits? Leave a legacy? What types of investment properties do you desire? How do you desire to work in real estate? (investor, property manager, etc.) Where would you like real estate to take you in 5, 10, 20 years?
2. The Right Team: real estate investing is not something you can do alone. That’s why we at REI goddesses believe so strongly in bringing great team members to our community. Make sure that you are surrounding yourself with people who can help answer your questions, give you tools and resources to help support you, and guide you through the highs and lows that are part of the investing process.
3. The Right Market: Is the market you want to invest in landlord and business-friendly? What is the cost of housing? Is there a high job and/or population growth? Is it a market that you’re...
"Wanting something is not enough. You must hunger for it. Your motivation must be absolutely compelling in order to overcome the obstacles that will invariably come your way".
― Lee Brown.
YES! Because the obstacles will come, goddess, and it’s up to you how you are going to handle them when they do…
Ready for me to blow your mind? All 3 of these reasons are based on myths and misconceptions.
Those excuses are just excuses! They are not necessarily true.
- You don’t need a ton of money to invest in real estate (in fact, there are ways to get started investing with as little as $0!)
- You don’t need to have a ton of time to invest in real estate (in fact, some investments are completely passive!)
- You definitely don’t have to deal with tenants, toilets or termites in order to invest (in fact, many investments never require you to touch the 3 T’s!)
And yet, women use these three excuses ALL the time and prevent themselves from achieving the financial freedom they desire. When I hear one of these excuses I know that the woman saying it just doesn’t know enough about real estate investing and all the numerous ways that she can get involved. So I created a 40-page guide titled: Investing in Real Estate from $1 to $1 Million to help educate women on 12...
I often hear people say that they feel more comfortable investing in the stock market or keeping their money in a bank account. To them, this choice feels safer and more reliable. But this is a myth. I believe that they say this because they have not done the work of comparing how money grows in different investments. So I’ve broken it down for you.
Let’s say you start with $50,000. Now if you put that money in a bank account, where it compounds at 1% interest, after 20 years you will have made a profit of $11,009.50.
Now let’s say you want to invest that money and you choose to invest that $50,000 in the stock market, which averages a 7% annual return on investment. So after 20 years compounding at 7% you will make a profit of $143,484.
Now let’s compare those two options to real estate investing. Let’s say you purchase five 3/2 single-family houses in Cleveland, OH for $50,000 down (20% of value - $250,000 total in assets). The average rent for that...