Becoming a Wise Investor with Rich Fettke

Rich Fettke In 2003, Rich co-founded Real Wealth Network with his wife, Kathy. Real Wealth is a California-based real estate investment group that provides education and resources and cash-flowing investment properties for real estate investors. The company also produces The Real Wealth Show on KABC radio in Los Angeles and is one of the top 10 real estate podcasts on iTunes. Real Wealth Network now has over 49,000 members and has been on the Inc. 5000 list of America’s Fastest-Growing Companies for the past three years in a row.

As the author of Extreme Success (Simon & Schuster, 2002) Rich has appeared on every major television network for his work on how to take action and stay focused on what really matters. He has also been featured in USA Today, the Wall Street Journal, and Entrepreneur Magazine. His diverse clientele includes IBM, the American Management Association, Century 21, Morgan Stanley, and the United States Army.

Rich is the past president of the Professional & Personal Coaches Association and is a former vice president of the International Coach Federation (ICF).

Episode Highlights Here:

Rich:

I think being a truly wise investor and being wise, which is tapping into the wisdom of what we know is the right thing to do, the right way to live, and all that.

Brett:

What’s the number one secret to becoming a wise investor?

Rich:

I think the real what it comes down to is how you see wealth. And you know, being a wise investor is about investing. It’s not just about investing in money. It’s investing in assets and the mentor in the story. It’s a parable. It’s a modern parable. It’s about creating financial freedom, but it’s also about how to live your best life. So it’s taking all those years of being a professional coach and coaching people in all areas of their life and then weaving in the 20 years and or 18 years at real wealth, helping people create financial freedom. So it comes down to, like, the mentor in a story, he describes assets a little bit differently than we all typically look at assets, you know, we usually look at it just, you know, something that’s going to give us a return on investment and bring us more finance, more finances, you know, more income. The mentor in the story describes an asset as anything that brings you income, happiness, health, or time. And so it just I love that I think that’s looking at it through that filter, that that mindset of being a wise investor, it’s looking at, and liability would be just the opposite. A liability is something that’s going to cost you income, or it’s going to cost you time or happiness or your health. So I think being a truly wise investor being wise, which is tapping into the wisdom of what we know is the right thing to do, the right way to live, and all that. So it goes beyond just finance, although it’s very much a book about creating financial freedom. I think that’s it for us. As investors, it’s how can we invest in ourselves? How can we invest in assets? How can we invest in businesses that are going to create cash flow for us and free up our time, but also how can we invest in things that are going to do that are going to benefit our health and things that are going to bring happiness by investing time into our family into our kids, anything like that? So it’s it’s a perspective thing.

Brett:

It’s incredible. I love it. And by the way, in the foreword to this book, you guys might have heard of a guy named Robert Kiyosaki. He’s a hero for many in the real estate world in the wealth world. And so he wrote the foreword to Rich’s book, by the way, the wise investor book.com. And so part of a quote that he says, and I want to kind of dive into this part of the secret here is that you know, Robert had a quote, that the reason to own a business rich is to purchase real estate, right? Which maybe we take it a step further the reason to own real estate, which is to create real wealth, which is you know, it’s gonna give you income hopefully gave you some happy to help you not too much heartache, you know, San Francisco and I’m Cal I’m from Texas Fornia I grew up in the Bay Area, not too far from San Francisco and Fremont Mission San Jose and in Sacramento as well. And you have rent control, you know, these challenges you have these different things right, but, but hopefully, it gives you some time back right can replace your income and it can hopefully that gives you that more time gives you more help.

Listen to the full episode here:

Watch the episode here:

Important Links:

About Rich Fettke

Rich is the past president of the Professional & Personal Coaches Association and is a former vice president of the International Coach Federation (ICF).

Love the show? Subscribe, rate, review, and share!