Kathy Fettkeis passionate about helping people create real wealth — which she defines as having the freedom and the money to live life on your own terms. She is the CEO and Co-Founder of Real Wealth Network, a California based real estate investment group with over 16,000 members. She specializes in helping people create passive monthly cash flow by investing in income-producing assets like real estate. Kathy is an active real estate investor herself, with properties ranging from single family rental homes, to commercial buildings, to large land development projects. She is a licensed real estate agent and former mortgage broker, which has helped her understand and teach the power of leverage.
Entrepreneurial Role Models:
Clate Mask founder of Infusionsoft
When business started difficulties overcame:
“I’m one of those born entrepreneurs because I have the personality type that I cannot work for anybody. Early on when I was in my early twenties I fell into this job where Jagermeister was looking for models and people to go into bars and get people to drink it, and I realised that liquor companies needed promotion so I ended up having a marketing company for liquor companies when I was 22, and we’d come up with these fun ways to do parties in bars and get people on board, so I was always an entrepreneur. In terms of what I had to overcome, I had to learn to focus and stay in my lane and get better and better instead of starting something new all the time, or if you’re going to make sure you have the team of staff to take it to completion, and then hiring too, not doing it all yourself. You hire the best and you only do what you’re good at”…[Listen for More]
Favourite Books:
Extreme Success: The 7-Part Program That Shows You How to Succeed Without Struggle Book Rich FettkeAlso mentioned:
The Science of Getting Rich Book by Wallace D. Wattles Conquer the Chaos: How to Grow a Successful Small Business Without Going Crazy Book by Clate Mask Outliers: The Story of Success Book by Malcolm Gladwell Retire Rich with Rentals: How to Enjoy Ongoing Cash Flow From Real Estate…So You Don’t Have to Work Forever Book by Kathy FettkeFavourite Quote:
“Think of what you would die for and live for it”
Recommended Online Resources:
Basecamp Manage projects, groups, and client work. Trusted by millions, Basecamp is the leading web-based project management and collaboration tool. To-dos, files, messages, schedules, and milestones.
Best Advice to Other Entrepreneurs:
“Just stay focused, get people who are better than you at certain things and let them do that, empower others to be entrepreneurs. They may not want to run a company but let them run their little part, but that will only happen if they really feel like they have ownership which might be profit sharing or bonuses. So we don’t have to check on our employees because we use Basecamp and have goals and if everyone reaches them everyone has a huge celebration. So everyone’s on board helping each other reach them because they want to. So that’s how you succeed, you can’t do it on your own, you need to hire the best so you can do what you do best”…[Listen for More]
More About Kathy Fettke:
Retire Rich with Rentals: How to Enjoy Ongoing Cash Flow From Real Estate…So You Don’t Have to Work Forever Book by Kathy FettkeNeil’s Quote at the Beginning:
“The brain is behind the really big questions we have. Who am I, what is my identity? What is that based on? If memories are encoded in connectomes, your personality might be in your connectome. If that’s the case, that’s the basis of your uniqueness as a person.” Sebastian Seung
Other Quotes From the Chat with Kathy Fettke:
- “Start slow, don’t jump into something that’s too big to handle”
- “The best way to create culture is to have your values very very clear”
- “We want our members to be in alignment with who we are”
- “We make it very clear in the beginning, this is who we are and this is what you can expect from us and this is what we expect from you”
- “No matter what the interviewer asks you, you can answer anyway you want”
- “You’ve got to be in touch with your customer’s needs, and give them something that makes their life better”
- “What I see so many new entrepreneurs do is try to take on partners, which is much more expensive than hiring something, because now you’ve given 50% away or whatever you’re doing, and it’s complicated when things don’t work out”
- “Often when we are new we think anyone who knows more than us is smarter, so we tend to ignore our gut, so that, I see it with investors all the time, they have a gut feeling about something and go ahead and do the investment anyway. Once you become more skilled and experienced you won’t do that, you won’t do that, you’ll trust your gut over what anyone else is saying, or you verify”
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