8 Steps To Wealth Through Real Estate

Welcome to 8 Steps to Wealth through Real Estate microdegree Preview 05:50

Welcome to 8 Steps to Wealth through Real Estate microdegree

Congrats on taking your first steps towards creating & protecting your wealth for you and your family.  

Learn how to change your mindset from a scarcity mindset to abundance mindset to global mindset.  

This 8 steps to Wealth through Real Estate Microdegree will focus on teaching you how you can use the 5 pillars of Wealthto overcome barriers such as lack of knowledge, trust and access to the right expertise.

Create your own personalised path to wealth. 

Take charge and master the art of creating wealth on your terms.  

Join this course and get invaluable tips, content and strategies to not only create wealth, but becoming a Global Citizen, through building multiple streams of income. This is no longer a luxury, it has become a necessity.   

Learn how you can create passive income stream in dollars, pounds, euro's, etc with our proven strategies, systems and tips from Serial Entrepreneur and Global Investor - Scott Picken. 

Get started from $100...

Microdegree Outcomes

• Change your mindset from scarcity to abundance to achieve your goals

• Create additional / passive income stream in dollars, pounds, euro's, etc with proven strategies, systems and tips.

• Get started from as little as $100.

• Identify and overcome roadblocks on your wealth journey

• Create and implement a personal plan to achieve the freedom you want

• Get proven wealth strategies and systems from experts, to track & protect your wealth

• What is takes to get to the next level

• Implementing your personal plan to achieve financial freedom

• Creating your own personal global real estate portfolio

• As system to track your progress

• Using the Laws of Nature to your advantage

• Discover your purpose - your impact on the planet, giving back to others and having more FUN.

• Align your life with your purpose!

Your Microdegree Mentor:

Scott Picken

Founder and CEO of Wealth Migrate, published author, Wealth Movement pioneer and serial Fintech entrepreneur.

Backed by more than 18 years’ global real estate investment, technology and business leadership experience, I am passionate about providing real estate investors access to global markets, the transformative power of financial technology, blockchain, re-inventing wealth, Collaborative SMART InvestingTM and creating global wealth for all.

Wealth Migrate 

In Wealth Migrate we have built the leading global real estate marketplace which is built on blockchain and digitally integrated into a listed and regulated exchange, which allows us to comply globally in each country and investors can invest safely from as little as $100 per investment. Everyone can now turn global monopoly into a reality as they own a global diversified portfolio of institutional quality real estate assets and manage it all on their smart device. Our vision is to make investing as simple as a swipe of the finger from as little as $1.

We have already raised $12m and this has allowed us to build the Trusted Global Real Estate Marketplace with members now in 117 countries (more than half the planet), investors in 47 countries, while growing between 0,5% to 1% a day. We have facilitated $75m+ USD through 1950+ transactions on the blockchain through the platform, which constitutes $485m in real estate deals.

With investors across the globe, including China and Wealth Migrate is now actively looking at India. Collectively, with my partners, what makes us unique is that we have over 227 years of combined Fintech & international real estate experience, have facilitated over 10800+ investments internationally on 5 continents and to the value of over $1,4+ billion. Our philosophy is safety, trust, transparency and only partnering where all parties’ interests are aligned.

For more info go to http://www.wealthmigrate.com

WealthE CoinTM is going to be the catalyst to unlock the entire Global Wealth Group Ecosystem and turn the vision into a reality. Please watch this video - https://youtu.be/qUvkcYvDjK0 

For more info go to http://www.wealthe.io

I’m the author of Property Going Global, founder of Google-backed Lemonade Day Africa and a thought leader in the growing global ‘Wealth Movement’ aiming to close the wealth gap and empower one billion people. This is truly my purpose.

For more info go to http://www.wealthmovement.com

Step 1 Investor Test Preview 01:10

STEP 1:  TAKE THE INVESTOR TEST

Well done for making a decision that will impact your life for the better! 

Copy and Paste this link in a new window to take the test - http://investortest.geniusu.com/

As individuals, we want to have the freedom to live the life we want - freedom of choice, freedom of where our children go to school, where we work or live, the freedom to do what we want when we want, the freedom to donate or support who we want to, etc  but many of us don't know how to get there.  We created this Investor Test to help you understand where you are, and to guide you to where you want to be. This ultimately gives you the freedom to create the life you deserve.

It's much more than just a financial planning tool. This is the guide which will help you create your own personalised path to wealth, no matter where you are financially today.

Take the test and start your journey today! 

Copy and Paste this link in a new window to take the test - http://investortest.geniusu.com/

Step 1a Take the Investor Test Preview 00:41

Step 2 Pillars of Wealth Preview 02:24

STEP 2:  THE 5 PILLARS OF WEALTH AND YOUR WEALTHE SPECTRUM

Have you’ve ever felt a rush of excitement at buying something expensive, or felt bad about making a financial mistake?  Often, our relationships with money are emotionally charged and irrational which can affect the decisions we make.

To become wealthy, you need to develop the right mindset, be consistent in what you do and last but not least, disciplined and focused on your goals.   There are 5 core pillars that will lead you towards investment success - whether you’re a novice, intermediary or sophisticated investor including:

Your mindset and knowledge (IQ)

The use of personalised systems (SQ)

Collaborative partnerships (CQ)

The knowledge of investments, financials and real estate (FQ)

A clear purpose (PQ)

These 5 fundamental pillars are what you will build your wealth on.  Watch the next video to understand them and learn how to get from where you are, to where you want to be.  

2.1 Mindset & Knowledge Preview 18:34

PILLAR 1:  MINDSET & KNOWLEDGE

My father said, “You can have anything you want in life if you put your mind to it.”

Believing that you are in control of your own ability and your personal development is key to your success.  Hard work, effort, and persistence are all important, but not as important as having that underlying belief that you are in control of your own destiny.  The first pillar that we will discuss in this video is focused on how to get the right mindset and knowledge to set you up for success.  

The first important lesson here will be "Why are we setup for failure and what can we do about it?" Scott shares his personal story and the reason's why he believes we are set up for failure.  

Scott shares the 12 lessons that wealthy people are taught that the 99% are not:

1. Focus on Income generating assets

2. “Don’t loose money,” Warren Buffett

3. Asymmetric risk / reward  (Ray Dalio)

4. Tax Efficiency

5. Diversification, across & within assets, markets, currencies & time

6. The fundamentals of investment, real estate & business don't change

7. ‘You can have anything you want in life, if you help enough other people get what they want.” Zig Ziglar

8. Appreciation is the key to happiness

9. Your mind creates your destiny & your life! Nurture it!

10. Chaos is your best friend, in chaos there is opportunity!

11. To risk nothing is to risk everything!

12. Be constantly learning!

Click here is you would like to download the WealthE Code

We often look at the wealthiest, and those who retire rich, and wonder how they do it.  The rich follow clear and simple rules when it comes to their wealth.

10 THINGS THE WEALTHY DO

1. They focus on assets that generate income 

2. They believe that you can get anything in life if you help enough other people get what they want

3. They don’t wait for permission

4. They speak the language of money.  They’re better educated about personal finance to help them make better decisions

5. They make their own luck. Their positive habits lead to opportunities 

6. They have a bigger purpose and align their actions with their purpose

7. They set clear, distinctive and attainable goals

8. They are good communicators because they are good listeners. They understand that you can learn and educate yourself only by listening to what other people have to say

9. They don’t give up and believe that persistence pays off

10. They set aside limiting beliefs - studies show that almost four out of five wealthy people attribute their success in life to their beliefs

Other things which we will discuss and learn 

1. The Barriers which stop people investing

2. How to build Trust?

3. How to find the Tools you need?

4. How to get the Access you need?

5. How to shift your thinking?

6. And finally the next steps to go to the next level.

"Whether you believe you can, or believe you can't. You are right either way." Henry Ford

"Your thoughts become your words. Your words become your actions. Your actions become your destiny." 

Thus your mindset is literally the most important step to creating the wealth you want and ONLY once you have this (and you can have it in the click of a finger), ONLY THEN can you begin with the knowledge.

You owe it to yourself to believe in yourself, as greatness lives within you. Now let's get started on the journey you are destined to become WealthE.

Naill Ferguson talks about the 6 killer apps to wealth, click here to know more about them

"Imagine you are a drop of water afloat a loving sea; now ask yourself where are my boundaries?"

2.2 Personalised Systems Preview 11:38

PILLAR 2:  PERSONALISED SYSTEMS

"My father taught me that you can have anything in life, if you put your mind to it" - Scott Picken

In this video, we follow on from why it's important to have the right mindset and knowledge and we start looking at why it's vitally important to have personalised financial systems in place as part of your planning, tracking and portfolio / wealth management.  This is one of the key things wealthy people do when they look at whether an investment makes sense or not.  Personalised systems is key to helping them make better decisions for themselves and their families.  

Systems help you:

- Understand the numbers and have transparency

- Get clear on your financial goals

- Help you create a roadmap on exactly how you will achieve your goals

- Make intelligent, informed & better decisions

- Learn from your mistakes

- Track your progress along the way

- Learn about GIDDS 1.0, GIDDS 2.0, Collaborative SMART Investing

- Keep your goals top of mind

- Achieve your goals and the financial freedom you want in your life

Watch the video to understand how personalised systems can help you in your journey to wealth.

2.3 Collaboration Partner Preview 05:39

PILLAR 3:  COLLABORATION & PARTNERS 

One of the most important decisions we make in life is who we choose to be around.  It's nearly impossible to rise to your own personal greatness if you aren't surrounding yourself with people who are doing the same.  

There is an old saying that reads "Show me your friends and I'll tell you who you are." 

Surround yourself with like-minded people that will empower,  motivate and encourage you to become the absolute best version of yourself, without changing who you are. You have the ability to create a powerful legacy.  Scott discusses why it's so important to choose the right partners that can help you on your journey to wealth. 

Learn from the Laws of Nature and combine this with one of the greatest lessons Scott learnt from a USD Billionaire on how to succeed in partnerships.

A final thought. "If you want to go fast, go alone. If you want to go far, go together."

2.4 Investment Knowledge Preview 26:53

PILLAR 4:  INVESTMENT, FINANCIAL & REAL ESTATE KNOWLEDGE 

In this Pillar you will learn about:

- 4 Secrets to Wealth

- How to Diversify

- How to use Technology to achieve your financial goals

- The different Investment Types

- The Value chain of Real Estate - how the 1% invest and how to copy them

- How to Track your Global Portfolio

Diversification is important to you because through diversifying your assets, you are able to learn which investment strategies you like the best, and which ones you least like. If one investment strategy does not work for you, you will have other investment strategies to fall back on.

Some of the main asset classes are equities or stocks, fixed income or bonds and cash equivalents or money market instruments.  Others include bank products, financial products, REITS or funds and residential and commercial real estate.   

49% of the world's wealth is held in real estate and so we are going to focus on what has both created and protected more wealth than any other asset classes over the centuries. There is a reason there are sayings, "He who owns the land is king."

One of the most important things to creating wealth is understanding the value chain and understanding which part of the value chain you are participating in. If you want to be wealthy you have to understand this and invest where wealthy people invest.

UNDERSTANDING WHERE YOU FIT INTO THE REAL ESTATE VALUE CHAIN 

1.  The first step is land rezoning, and generally land developers aim to make 30%+ return (IRR - don't worry if you don't know what this is) on their money.

2.  The developer then buys the zoned land and creates something of value, aiming for 25% (IRR) return on their money.

3.  The investor (often the same person as the developer) then buys the asset and increases the value by tenanting the property - this is called ‘seasoning the rents.’ They aim for at least 20% (IRR) return on their money.

4. Once they have seasoned the rent, their payday comes by selling the asset to a fund or REIT that is incentivized by the amount of money they have under management.

5.  They are basically trying to spend their money and buy cashflow so that they can pay the monthly contributions. They aim to buy buildings with a cashflow of 4 - 8%.

6.  The last person in the value chain is you, the person who invests in the fund or REIT. You want to get wealthy, invest in a financial product through a financial planner (which you think is real estate) and most people are lucky to just beat inflation.

This is why more than 99% of people work hard, invest, save, pay their taxes and when they retire they ARE NOT wealthy. They fail. 

Only the Top 1% retire wealthy at 65 and so COPY what they do and you will get what they get.

Once you understand this, you need to focus on improving your financial intelligence.

IF YOU WANT TO BE A SUCCESSFUL REAL ESTATE INVESTOR, YOU NEED TO UNDERSTAND:

1.  The macro and micro economic factors of a country

2.  Where the property is located and how this will affect your investment

3.  What due diligence has been done to ensure it’s a sound investment

4.  The risks – are there any risks and secondly, how do I manage risks?

5.  Whether you have the right partners

6.  How tax, compliance, bank accounts and structures work

7.   How to manage your asset (know as “Sweat the Asset”).

8.  The exit – how, what, when

OR..... you can follow the laws of nature and partner with people who already have the knowledge.

Using technology now there is no excuse not to get started and "Learn while doing." In the past you did a course, read a book, got a coach and then you got started. Now you just get started and you learn while doing. Again this is a fundamental law of nature!

2.5 Your Purpose Preview 10:59

PILLAR 5:  YOUR PURPOSE

Knowing your life purpose will not only unlock your true potential,  it will give you direction and help you focus on what matters most in your life.  With purpose come values and principles, which are an integral aspect of a person’s life. Values and principles are the rules that guide our decisions in life and help us define and achieve our goals.  

Starting a project without a purpose, clear objectives, specific directions and a plan of action is like starting out on a road trip with no idea where you're going or how to get there. Likewise, your business and investment purpose is just as important.  Find the bigger reason behind why you are doing what you are doing.  

Ask yourself – am I impacting my community for the better? If the answer is yes, then you’re on the right track.  If you’re answer is no, you need to regroup, find your purpose and start again. 

The next question is, "How much impact am I actually making? Is it my village? My city? My country? My continent or planet? Am I solving a grand challenge? How big do you want your impact to be? What is your destiny?"

It is all about your WHY. I highly recommend you watch this TED Talk - https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action

Do you know who to create Generational Wealth?

In this video, Scott discusses why it's important to live a purpose-driven life and most important how to do it.  He will also discuss his purpose of empowering a Billion People and how he plans to Solve the Wealth Gap.

To learn more about the WealthE coin and how it will become the catalyst to solve the wealth gap, click here: http://wealthe.io/

'Follow your instincts. Thats where true wisdom manifests itself."

Step 3 Your Journey Plan Preview 17:46

STEP 3:  YOUR WEALTHE JOURNEY

My father said, “Dream big, people become what they dream.”

In this lesson you will learn about the journey of a investor. There is a path that every investor takes and so where are you on this path and what are the next steps.

You will learn about and get access to:

1. GPS - how to use a known system to figure out where you are, where you want to get to and most importantly how to get there.

2. Where are you – WealthE Assessment?

3. Goals - who to create your life, annual, quarterly and daily goals. Get access to some of the most advanced systems globally - WealthE SMART Goals and built the future you want and have a system to make it happen. Use our templates.

4. How to determine what financial freedom means in your life?

5. Your Future Vision - create the life you want

The most important thing when wanting to climb a mountain is making sure that we know where the top of the mountain is. Most people don't get clear on this and so they wonder around the base of the mountain, with all the other mediocre people who like to complain and blame. 

Take control of your life and get clear on what you want.

This step gives you the tools to take control and allow to you to become WealthE - whatever that means to YOU!.

"Make no little plans; they have no magic to stir men's blood and probably themselves will not be realized. 

Make big plans…deep into the future. Aim high in hope and work. Have faith, remembering a noble plan, once recorded will never die, but long after we are gone will still be a living thing.” Daniel Burnham

Here is an example of my future vision: https://drive.google.com/open?id=1ZX229OeVA5G9nMGIJltYkGC1n9v5jzYA, this can be used as your starting point to create your own future vision

Here are some templates I have created over the years which I use to track my goals

Goal Tracking Template 1: https://drive.google.com/open?id=1XmM7420j0UJLbjAmhd7Je98PJq4Evg1G

Goal Tracking Template 2: https://drive.google.com/open?id=1zRfMVMMEZw11iROKH1ZAnwQ2FsnesYrI

Goal Tracking Template 3: https://drive.google.com/open?id=1qe-NkNRSTOkKh8LiiABtSsvn-HRFyb23

SMART Goals Template: https://drive.google.com/open?id=15vK2Vg3_aZYwQ5ke6bHQQyq6eE09vfYu

Step 4 Your Flight Path Preview 06:09

STEP 4:  YOUR FLIGHT PATH

Whenever a pilot gets on a plane they have a pre-flight checklist. Each and every time, before they take off, they check the list to ensure they can fly safely.

In this step there are different checklists for 

1. - First time Investors

2. - Advanced Investors

3. - Sophisticated Investors

Depending on where you are at, will depend on your flight path and also helps you to take you own personal path to wealth for you.

In these separate focus these are some of the things which will be covered:

First Time Investors

- Beginner - How to get started

- Principles of Investing

- GIDDS 1.0 – Residential

- Differences between Income and Growth

- Difference between old way and new way

- How to manage Risk

- Mistakes people make

- IRR - what is this?

- Impact of fees

- How trust can be built online

- Social proofing

- Our track record

Advanced Investors

- Intermediate – How to invest in Commercial

- Principles of Commercial

- GIDDS 2.0 – Commercial

- Portfolio Strategy

- DIFFERENCE BETWEEN A REIT / FUND, SYNDICATION, DIRECT, FINTECH,  CROWDFUNDING & COLLABORATIVE SMART INVESTINGTM

Sophisticated Investors

- Advanced – How to invest internationally and create a global portfolio

- Difference between local and international investing

- Global Citizen and Passports

- How Blockchain and crypto currencies are changing real estate, investing and wealth forever.

Create the best flight path for yourself and your family, to set you up for success!

Step 5 Get Started Preview 03:15

STEP 5:  GET STARTED

In this step you will learn how to use technology, sign up and get started. Bottom line is that when you learnt to walk you took many steps and fell over. You had to keep trying until you learnt how to do it. You didn't read a book, you just keep trying and "learning while doing" until you could walk.

Investing is no different and so now it is time for you to get started.

Click here: http://www.wealthmigrate.com/ to start the journey

"Your actions determine your destiny." Scott Picken and "The great pleasure in life is doing what people say you cannot do."

Step 6 Track Progress Preview 05:17

STEP 6:  TRACK YOUR PROGRESS

In this step Scott will explain how the wealthiest people in the world use family offices. Family offices help them create generational wealth through protecting their assets, tracking their progress and always working on the ROI of their investments.

As we have discussed so many times, the easiest way to get what you want in life is to copy people who already have this. In light of this Scott shares his SMART Goals and his systems you too can use to copy Family Offices and wealthy people.

One closing thought is:

"Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan “press on” has solved and will always solve the problems of the human race.” Calvin Coolidge

My aunt gave me this quote when I was a young boy and I have had this quote on my wall ever since. Bottom line is you will fail. You will have hardship and you need to ensure you have the persistence, grit and determination to keep going and do whatever you have to do to become WealthE.

Click here: https://drive.google.com/open?id=15vK2Vg3_aZYwQ5ke6bHQQyq6eE09vfYu to access the SMART goals template that I use