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7 Major Life Changes You May Experience As A New Entrepreneur

 

Starting a new business venture is an exhilarating and challenging time. As a new entrepreneur, you will face many significant personal and professional life changes. These changes can be overwhelming, but you can navigate them successfully with proper planning and mindset.

Here are some of the significant life changes you may experience as a new entrepreneur and how to prepare for them:

Financial Instability

Starting a new business venture is expensive, and it may take some time before you start generating income. You may have to cut back on personal expenses and live a more frugal lifestyle while you build your business. It’s essential to have a financial plan in place, including a detailed budget, to help you manage your finances during this time.

Time Management

As an entrepreneur, you must wear many hats and juggle multiple responsibilities. Time management is critical to your success. Setting priorities, creating a schedule, and delegating tasks to others when possible is essential. Time blocking can be an effective technique to manage your time and stay productive.

Loss of Routine

Starting a business means leaving behind a steady job and a predictable routine. You may find yourself working long hours and sacrificing personal time. Creating a new routine that supports your work and personal life is essential. Schedule breaks, exercise, and time with family and friends to maintain a healthy work-life balance.

Stress and Anxiety

Starting a new business can be stressful and anxiety-provoking. You may feel overwhelmed by the uncertainty and risk involved. Finding ways to manage your stress and anxiety is essential, such as exercise, meditation, or talking to a therapist. Always take care of yourself and prioritize your mental health.

Support System

Starting a business can be a lonely journey, and having a support system is crucial. Seek out mentors, join networking groups, and connect with other entrepreneurs in your industry. Surround yourself with uplifting and encouraging people who can offer guidance and advice.

Decision Making

As an entrepreneur, you must make many critical decisions, from product development to marketing strategies. It’s essential to develop your decision-making skills and trust your instincts. Gather information, take a look at all the pros and cons, and make decisions that align with your business goals and values.

Learning Curve

There is a significant learning curve when starting a new business. You’ll need to learn new skills, such as accounting, marketing, and sales. Embrace the opportunity to learn and develop new skills. Seek resources like online courses, books, and workshops to support your learning.

In conclusion, starting a new business venture involves many significant life changes. Financial instability, time management, loss of routine, stress and anxiety, support systems, decision-making, and the learning curve are just a few of the challenges you may face. However, you can navigate these challenges successfully with proper planning, mindset, and support. Remember to prioritize self-care, seek out support, and trust your instincts. Starting a new business can be a tough journey, but the rewards can be significant with persistence and determination.

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7 Surefire Ways To Find Your Niche And Succeed At It

Finding your niche is essential to achieving success in your career or business. It refers to a specific area of expertise or industry in which you are passionate and have knowledge and skills. By focusing on a niche, you can stand out from the competition, become a subject matter expert, and provide value to your audience or customers. Below are some tips on how to find your niche.

Assess your interests and passions

Start by making a list of your interests, hobbies, and passions. What do you really enjoy doing in your free time? What topics do you like to read about? What makes you happy and fulfilled? These questions will help you identify areas of interest that you can turn into a niche.

Identify your skills and expertise

What are you good at? What knowledge and skills do you have that others may find valuable? Consider your education, work experience, and certifications or licenses. These may give you an advantage in a specific industry or area of expertise.

Research market trends and gaps

Look for gaps or untapped opportunities in the market. What needs are not being met? What problems can you solve? Research the market to find prospective niches that align with your interests and skills.

Find your unique angle

Once you have identified potential niches, think about what makes you unique. What can you offer that others cannot? What sets you apart from the competition? You can position yourself as an expert in your niche by finding your unique angle.

Test your idea

Before committing to a niche, test your idea. Start by creating a minimum viable product or service and getting feedback from potential customers or clients. Use this feedback to refine your niche and make any necessary adjustments.

Build your network

Building a network of like-minded individuals can help you find your niche. Attend industry events, join online communities, and connect with others in your niche. Building relationships with others allows you to learn from their experiences and get support and advice as you develop your niche.

Be flexible

Your niche may evolve over time as your interests and skills change or as market trends shift. Be open to adapting and adjusting your niche as needed to stay relevant and meet the needs of your audience or cusfffffffftomers.

In conclusion, finding your niche takes time and effort, but it is essential for success in your career or business. By assessing your interests and passions, identifying your skills and expertise, researching market trends and gaps, finding your unique angle, testing your idea, building your network, and being flexible, you can discover a niche that totally aligns with your strengths and passions and provides value to others.

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Meet The Woman Behind The Cover Of The April 2023 Issue Of Global Millionaire: Whitney Hill

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Whitney Hill is the co-founder and CEO of SnapADU, a company in San Diego that specializes in building accessory dwelling units (ADUs), also known as “granny flats.” She and her partner, Mike Moore, have grown the business to $15 million during the pandemic by utilizing technology to streamline the process of designing and constructing ADUs.

SnapADU offers a free assessment to determine the feasibility of building an ADU within a homeowner’s budget. They have also improved transparency in the market by publishing ADU plans and build prices online, including the fully-loaded cost of building an ADU, which encompasses plans, permitting, site work, vertical construction, and any additional work required.

In response to the unpredictable pricing in the construction industry due to supply chain and labor constraints, SnapADU provides a maximum guaranteed price for construction once plan revisions are completed with the city. This allows homeowners to plan confidently.

Whitney and SnapADU have gained national recognition for adopting technology, including project management software enabling homeowners to view details of their project schedule and financials and approve materials and overall budget. Whitney has also been featured on numerous podcasts about construction technology and small business leadership.

SnapADU is also committed to diversity and inclusivity, with over 40% of its employees being women or of minority status. This number exceeds 65% when accounting for independent contractors who work for the company.

Global Millionaire magazine recently caught up with Whitney to discuss her journey as an entrepreneur, and here’s what went down:

Could you please tell our readers a brief background about yourself and how you started your business? 

I’m the co-founder and CEO of SnapADU, an accessory dwelling unit (ADU, guest house, granny flat, casita) construction company serving San Diego. SnapADU has become the leading builder of ADUs in San Diego as part of a broader shift in how California thinks about generating affordable housing. Our company designs, permits, and builds 50 ADUs annually and has $15M in revenue.

Before getting involved in residential real estate, I gained strategic & tactical experience as a management consultant for Bain & Company and as an operations manager for an industrial supply distributor. 

In early 2020, I learned about accessory dwelling units (ADUs), which are small homes of 400–1200 sqft on residential lots with an existing primary residence. Regulation changes made it far easier to build ADUs on most residential lots. I was excited about more efficient housing as an option for intergenerational living or generating rental income. 

Within a month or two of researching ADUs and thinking about how to make an entrance into construction in San Diego, I was working in a coffee shop. I overheard a conversation between two people who were clearly in development. One of them later introduced me to his good friend Mike Moore, co-founder of SnapADU.

We joined forces to focus on getting extremely good at meeting the increasing demand for well-designed and value-oriented ADUs in Greater San Diego. Mike has spent his life in construction, working for both larger commercial and small custom home builders before starting his own business. His experience in small business ownership and construction meshed perfectly with my skills, and together we set out to make a difference in the San Diego ADU market.

What are you currently doing to maintain/grow your business?

We have been painstakingly combing through each step of our business to ensure we have sufficiently defined operating procedures and enacted automation wherever possible. This attention to detail is helping us maintain margins by keeping our costs down. It’s also ensuring that our clients get a consistent and high-quality experience in an industry – residential infill construction – that is historically hit or miss in customer service. We’re also working on establishing concrete points for soliciting client feedback to ensure we keep up with evolving needs while sharing that valuable specific feedback with team members.

Another priority for us is continuing to publish high-quality information about our niche of accessory dwelling units in San Diego. Building this kind of content strengthens our web presence, which helps generate organic leads. Additionally, we gain trust with potential clients by providing a high level of transparency about information like cost and process.

Lastly, we are laying the foundation for future growth by ensuring our systems and technology can support our business as we scale. We are investing in new visualization software to help clients make more informed decisions about their build while streamlining the customer journey.

What form of marketing has worked well for your business throughout the years?

Our strongest form of marketing is ranking highly on SEO to generate organic leads; 70% of our business comes from people finding us on Google searches. We reach this level of success by generating regular content on our topic of expertise, then ensuring those articles are optimized for SEO – at least 1000 words, targeted keywords, and backlinks whenever we can generate them.

We also receive about 20% of our business through job site signs. This is, of course, geographically targeted, which is important to us, particularly in the same neighborhood, since HOAs and other factors can limit the buildability of lots.

What social media platforms do you usually use to increase your brand’s awareness?

We post 3-5 times a week on Instagram and Facebook and at least weekly on LinkedIn. We also post on local forums via Patch and Next Door. We generate our content for the month for Instagram, then decide which additional platforms should also have that information published.

On Instagram, we have been pushing to create more Reels, which are shown to an audience outside of followers. We typically reach 3X the views we can with a regular post. In our industry, there are not yet many other players focused on “edutainment,” so we are exploring that avenue.

What is the toughest decision you had to make in the last few months?

The toughest decision we’ve had to make in the past few months is when to begin reorganizing our sales and pre-construction process. For us, this is a large investment of money and team resources, as we have to staff these initiatives appropriately while not letting our operational goals slip.

So deciding when to pull the trigger is difficult; we know we need to undertake the change, but we are running at top speed to keep up with our growth as it is. It’s tough ever to feel fully ready for a large undertaking like that, even though it is a necessary step and a good decision to support future growth.

How has your business been affected by the COVID-19 pandemic?

The demand for our product has gone up. Especially in light of COVID, families are looking for new living options that keep loved ones closer to home. ADUs offer families flexibility since ADUs are versatile and meet the demands of evolving intergenerational lifestyles.

How have you adapted your business operations in response to COVID-19 and its associated impacts?

COVID has opened opportunities for working smarter. Our business was created entirely during the pandemic. For us, it was a unique opportunity to take advantage of tools to help assess properties remotely. Traditionally, contractors would make site visits early on. We use satellite imagery, zoning, and parcel information to learn what is buildable on the lot. Since COVID, people are much more willing to work remotely, and we’ve learned that we can push industry norms in this new environment.

Additionally, all our team – except for field crews – works remotely. We no longer have an office, but you can find many of us connected via Zoom throughout the day. We’ve embraced technology that makes it possible to work from anywhere, even in the historically site-based construction world.

What are some of the most important lessons you learned from this pandemic?

The biggest challenge has been handling escalating material and labor prices. We don’t want our clients to feel like we are doing a ‘bait and switch’ with them, but unfortunately, long project timelines mean that pricing can move quite a bit from when they sign a proposal to when we start building. We try to mitigate volatile pricing by having several checkpoints on price along the way to keep them informed and to ensure the reasons for any increases are transparent.

What do you hope to see happen in the near future for small businesses all over the world?

I hope to see more strategic partnerships that enable people to do what they are best at.

Many small business owners started out in their industry because they loved the hands-on part of the job. By the time they are running a small business, most of their day to day is filled with tasks that don’t excite them: administrative minutiae, worrying about how to get more people in the door, trying desperately to make margins.

Meanwhile, a host of other people out there went to school for business administration and LOVE that part of small business… yet they are busy looking around for that “perfect” new idea. Innovation doesn’t have to be flashy or new or exciting. It can be just as impactful to run an extremely efficient operation and focus on an underserved niche.

Partnering with someone with a complementary set of skills can help you bring a business to the next level at multiple of the speed you could have done alone. And it feels like such a life hack to focus on the exciting parts, while your partner focuses on the parts that they love (but you really despise).

What advice would you give to a newbie Entrepreneur setting up a new business in this pandemic?

Focus on your niche. Get extremely good at serving your ideal client. Turn people away if you must, which feels scary at first. Serving a smaller group of people well will lead to better reviews and referrals while also allowing you to really dig in and understand that group and provide value to them. All of this has the effect of building a strong core business from which you can grow.

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Positive Thinking Pays Off: How To Adopt The Mindset That Can Make You A Millionaire

While becoming a millionaire may seem like a far-fetched idea for most people, it is actually quite possible with the right mindset and approach. One of the main elements that can help you become a millionaire is positivity. Positivity is not just about being happy and optimistic. It is a way of thinking that can change your life and help you accomplish your goals. Here are some ways positivity can help you become a millionaire:

A positive attitude attracts positive outcomes

When you have a positive attitude, you attract positive outcomes. It’s called the law of attraction. When you really put your focus on something and have faith that you can make it happen, the universe conspires to make it happen. This means that if you focus on becoming a millionaire and believe that you can achieve it, you will attract opportunities and resources that can help you get there.

A positive mindset helps you overcome challenges

Becoming a millionaire is not easy. It requires hard work, persistence, and the ability to overcome challenges. An optimistic outlook makes it easier for you to overcome obstacles. Equipped to deal with challenges. Instead of getting discouraged or giving up when things get tough, you are more likely to keep going and find solutions to problems. This resilience is essential for success in any field.

Positive energy attracts positive peoplec

The people you are always around can significantly impact your success. When you have a positive attitude and energy, you attract positive people who can help you achieve your goals. These could be mentors, business partners, investors, or employees. You are more likely to succeed when you surround yourself with people who believe in and support you.

A positive mindset helps you take calculated risks

Becoming a millionaire often requires taking calculated risks. You’re more likely to take these chances when you have a good outlook on life because you have confidence in your abilities and your ability to succeed. This doesn’t mean that you take reckless risks without thinking things through. It means you are more willing to gamble and leave your comfort zone when the potential rewards are high.

A positive mindset helps you learn from failure

Failure is a part of any journey to success. An optimistic outlook will make you more capable of learning from failure and using it as a stepping stone to success. Instead of getting discouraged or giving up after a failure, you are more likely to analyze what went wrong and how you can do better next time. This growth mindset is essential for achieving long-term success.

In conclusion, positivity can help you become a millionaire by attracting positive outcomes, helping you overcome challenges, attracting positive people, helping you take calculated risks, and helping you learn from failure. Developing a positive mindset is not always easy but can be learned and practiced. Start by focusing on the positive aspects of your life and cultivating gratitude for what you have. Surround yourself with positive people and resources that support your goals. With a positive attitude and the right mindset, anything you set your mind to can be accomplished, including becoming a millionaire.

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How to Develop an Effective Influencer Marketing Strategy In 2023

Influencer marketing has gained traction in the world of digital marketing in recent years. It is a type of marketing that leverages the influence of popular individuals, known as influencers, to promote a product or service. Below we will provide a guide to influencer marketing and explain how businesses can use it to grow their brand.

What is Influencer Marketing?

Influencer marketing is a type of marketing where businesses partner with popular individuals who have a significant social media following. Influencer marketing seeks to capitalise on the influencer’s authority and popularity to promote a product or service to their followers. This type of marketing can be effective because consumers trust influencers and are more likely to buy a product they promote.

Types of Influencers

There are different types of influencers, and businesses need to choose the right type of influencer based on their goals and target audience. The most common types of influencers are:

  1. Mega-Influencers: These are celebrities or social media stars who have millions of followers.
  2. Macro-Influencers: Individuals with a significant social media following, typically between 100,000 to 1 million followers.
  3. Micro-Influencers: These individuals have a smaller fan base., typically between 10,000 to 100,000 followers.
  4. Nano-Influencers: These individuals have a very small following, typically less than 10,000 followers.

Choosing the Right Influencer

Businesses should consider their goals, target audience, and budget when choosing an influencer. Mega-influencers are expensive but can reach a large audience, while nano-influencers are more affordable but have a smaller reach. Businesses should also consider the influencer’s niche and whether their audience aligns with their target audience.

Creating an Influencer Marketing Campaign

Once businesses have chosen an influencer, they must create a marketing campaign. The first step is to set clear goals and objectives for the campaign. This could increase brand awareness, drive sales, or promote a new product.

The next step is creating content the influencer will share with their followers. This could be a product review, a sponsored post, or a social media challenge. The content should align with the brand’s message and be engaging for the influencer’s audience.

Assessing the Performance of an Influencer Marketing Campaign

Determining the return on investment (ROI) requires measuring the effectiveness of an influencer marketing strategy. To evaluate the campaign’s success, businesses should monitor KPIs like engagement rates, reach, and conversions. They should also consider the long-term impact of the campaign on brand awareness and customer loyalty.

Influencer marketing is an efficient technique for firms to promote their goods and services and reach their target market. Businesses can increase brand awareness, drive sales, and build customer loyalty by working with the appropriate influencer and producing interesting content. With the right strategy and measurement tools, influencer marketing can be a valuable investment for businesses of all sizes.

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8 Best Strategies To Help You Raise Business Capital Effectively

Raising capital is a crucial step for any business, whether it’s a startup or an established company. The funds can help finance product development, expand operations, or improve marketing strategies, among other things. However, finding the right investors or lenders can be challenging, especially in today’s competitive market. Here are some tips to help you raise business capital.

Develop a comprehensive business plan

A solid business plan is the foundation of any successful fundraising campaign. Your plan should clearly articulate your company’s mission, goals, and growth strategy. Investors want to see a well-thought-out plan that outlines how you will generate revenue, reduce costs, and, ultimately, achieve profitability.

Know your target investors

Investors have different investment criteria, so you must tailor your pitch accordingly. For example, venture capitalists are interested in high-growth companies with disruptive technologies, while angel investors may focus more on the management team’s experience and the market opportunity.

Build relationships

Fundraising is not a one-time event but a continuous process. Building relationships with potential investors over time is essential, even if you’re not actively seeking funding. Attend industry events, join networking groups, and connect with investors on social media. The more investors you know, the better your chances of finding the right one for your business.

Leverage Crowdfunding

Crowdfunding platforms like Kickstarter and Indiegogo have become increasingly popular recently, especially for startups looking to validate their products and raise initial capital. Crowdfunding allows you to reach a broad audience and test the market demand for your product before approaching institutional investors.

Explore government grants and programs

Governments at all levels offer various grants and programs to support businesses, particularly those in the technology and innovation sectors. Look into federal, state, and local government programs that align with your business goals.

Consider alternative financing options

Traditional bank loans may not always be the best option, particularly for startups without a solid credit history. Alternative financing options like revenue-based financing, equipment financing, and merchant cash advances are worth considering, depending on your business’s needs and financial situation.

Prepare a compelling pitch deck

A pitch deck is a crucial tool for fundraising, and it should be visually appealing and persuasive. Your deck should include a clear value proposition, a detailed financial plan, and a roadmap for growth.

Demonstrate traction and proof of concept

Investors want evidence that your product or service has a market fit and that customers are willing to pay for it. Ensure you can demonstrate traction and proof of concept, such as customer testimonials, revenue growth, or partnerships with reputable companies.

In conclusion, raising business capital is critical to any successful venture. You can increase your chances of finding the right investors or lenders for your business and securing the funds you need to achieve your goals by following these tips. Remember, fundraising is a continuous process, and you should always build relationships and explore new financing options to support your growth.

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Navigating Economic Turbulence: 5 Tips for Finding Success in a Tough Economy

The global economy can be unpredictable and volatile, with many factors affecting its stability. When the economy is down, many people struggle to make ends meet, and it can be challenging to find success. However, with the right mindset and strategies, thriving even in tough economic times is possible. Here are five tips for finding success in a tough economy:

Develop a positive mindset

The first step to success in a tough economy is developing a positive mindset. This means focusing on the opportunities that exist rather than the challenges. Instead of dwelling on the negative news and reports about the economy, seek positive news and success stories. Surround yourself with amazing people who encourage you and believe in your abilities. Stay motivated and determined to succeed, even in the face of adversity.

Be adaptable and flexible

In a tough economy, it is essential to be adaptable and flexible. This means being open to new opportunities, exploring new ideas and markets, and being willing to learn and grow. Look for new ways to generate income or add value to your job or business. Consider expanding your skill set or branching out into new areas. By being adaptable and flexible, you can stay ahead of the curve and find success even in a challenging environment.

Network and collaborate

Networking and collaboration are critical components of finding success in a tough economy. Connect with other professionals in your field or industry and seek opportunities to collaborate and share ideas. Attend conferences, workshops, and networking events to meet new people and build your professional network. Look for opportunities to partner with others on projects or initiatives that align with your goals and values. By working together, you can leverage each other’s strengths and expertise and achieve more than you could on your own.

Stay focused and disciplined

Staying focused and disciplined is essential when the economy is down. This means setting clear goals and priorities and developing a plan to achieve them. Be disciplined in your approach to work and be consistent in your efforts. Avoid distractions and stay focused on the tasks that matter most. Create a routine or schedule that allows you to maximize your productivity and use your time effectively. By staying focused and disciplined, you can maximize your resources and achieve your goals despite the challenges.

Keep learning and growing

Finally, it is crucial to keep learning and growing in a tough economy. This means seeking opportunities to develop your skills and knowledge and staying up-to-date on industry trends and best practices. Take courses, attend workshops, and read industry publications to stay informed and knowledgeable. Investing in yourself and your education allows you to position yourself for success and stay ahead of the competition.

In conclusion, finding success in a tough economy requires a positive mindset, adaptability, collaboration, focus, and a commitment to learning and growth. By following these tips, you can navigate the challenges of the economy and emerge stronger and more successful than ever before. Remember to stay motivated and keep pushing forward.

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5 Ways To Build Wealth When You Don’t Come from Money

Wealth building is a process of creating financial stability and independence through strategic planning and sound financial management. It involves setting financial goals, creating a budget, and making smart investments. While wealth building can seem daunting, anyone can achieve financial freedom and security with the right mindset and approach.

Set your financial goal

One of the most vital phases in creating financial momentum is laying out monetary objectives. These objectives should be quantifiable, reachable, pertinent, and time-bound. For example, a financial goal could be to save $10,000 in a year, pay off all credit card debt in six months, or accumulate $1 million in net worth by age 50. Whatever the goal, it should be clear and motivating enough to keep one on track.

Establish a budget

Once financial goals are established, the next step is creating a budget. A budget is a detailed plan that outlines all sources of income and expenses. It helps identify areas where costs can be cut, directing more money toward saving and investing. A budget should be realistic, flexible, and reviewed periodically to make adjustments as needed.

Save money

One of the essential aspects of wealth building is saving money. Saving involves living below one’s means, avoiding unnecessary expenses, and directing surplus income toward investments. A savings account or money market fund is an excellent place to start for those just beginning to save. These accounts offer a relatively low return on investment but are safe and accessible.

Invest your money

Investing is another critical aspect of wealth building. Investing involves using money to buy assets that have the potential to appreciate in value over time. The most common investment vehicles include stocks, bonds, mutual funds, real estate, and commodities. Investing in a diversified portfolio can mitigate risk and maximize returns.

Manage your debt

Another critical component of wealth building is debt management. High-interest debt, such as credit card or payday loans, can quickly erode wealth-building efforts. Debt management involves prioritizing debt repayment, negotiating lower interest rates, and avoiding unnecessary debt in the future.

Finally, building wealth requires a long-term perspective. Wealth building is not a get-rich-quick scheme but rather a slow and steady process. It requires patience, persistence, and discipline. The key is to stay focused on the end goal and make consistent progress towards it.

In conclusion, wealth building is a process that requires goal-setting, budgeting, saving, investing, debt management, and a long-term perspective. While it may seem overwhelming, anyone can achieve financial stability and independence with the right mindset and approach. By taking control of one’s finances and making intelligent decisions, anyone can build wealth and achieve financial freedom.

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Meet The Woman Behind The Cover Of The February 2023 Issue Of Global Millionaire: Pina Armentano

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TV host and real estate specialist Pina Armentano was recently on the cover of Hola Latinos Magazine, and for a good reason. She has reached audiences through programs such as Miami con Pina, Viva Florida TV, and, more recently, Viva Florida Real Estate and Luxury Lifestyle online TV shows. Viva Florida reached more than 25,000,000 million viewers in 24 countries throughout Latin America, including the United States. In addition, it remained the number one Real Estate program in the world, promoting the most prestigious Real Estate developers from Florida, Panama, Argentina, Costa Rica, Mexico, Belize, and Uruguay through E! Entertainment Television Latin America. She also happens to be the Real Estate editor for the prestigious South Florida magazine Hola Latinos Magazine. Pina’s unique vision and the charisma that characterizes her have earned her an essential role in the flow of real estate information in the Latin American market.

Born in Argentina to Italian parents, Pina Armentano was raised to be proud of her heritage. She was interested in business, the arts, and creativity early on. By the end of her teens, she had developed a strong entrepreneurial spirit of independence, interested in running her own organization. She attended Loyola University in Chicago, IL, where she obtained her degree in business. After graduating, she envisioned Miami becoming the U.S. center for Latin Americans and relocated to Miami in 1994. After connecting with Eduardo Columbo, a local real estate developer, she landed a position representing his organization in Argentina as a buyer-developer liaison. In 2001, she created a real estate TV show -promoting properties in the Miami area – for the Latin American Entertainment channel, which she still manages.

Miami’s real estate rock star certainly works hard to pocket monstrous commissions. She’s currently in Miami, fulfilling a busy professional schedule and personally serving investors and buyers of developments in Miami. Since 1993, Pina has bet on Miami as a city in constant change and development, with an evolution that today has made it the cosmopolitan center it is. Pina has been recognized worldwide as an ambassador of the city of Miami on several occasions and has more than 20 years of experience in ​​international real estate. She has had the opportunity to get close to different cultures in her countless travels. She has also interviewed the world’s most influential real estate developers, including President Donald Trump as well as many top celebrities.

Global Millionaire Magazine recently caught up with Pina to discuss her journey in the industry, and here’s what went down:

How did you become a Real Estate professional and TV reporter?

Before becoming a professional TV reporter, I developed a keen understanding and interest in entertainment while married to a successful television show and film distributor, attending film festivals, and learning about the industry, its power players, and how to develop and sell ideas and productions. Through these experiences and real estate knowledge, I created the show “Viva Florida” to uniquely serve developers and those interested in their properties to connect with premium content and my expert context. This approach saved developers travel time and helped them digitize the real estate business development process. In 2006, I received formal recognition from the mayor of Miami for my contributions to its development and increased status within the U.S. real estate market. I said at the time that I fell in love with the city, and the city fell in love with me. Since 2006, Miami has become the premier real estate market, with recent news outlining that the most expensive rental properties in the U.S. are in Miami (e.g., 1374 S Venetian Way at $150,000 per month). In addition to these efforts, I worked on a unique marketing approach, platform, and service that allows realtors to better reach targeted and qualified buyers. This service has enabled my businesses to continue to expand.

What’s it like to juggle both careers?

It’s exciting and challenging to juggle both careers. However, I feel very blessed to be supported by my real estate developer partners, especially those who initially helped me get started. This early foundation allowed me to develop and demonstrate my talents and effort, the various unique approaches and services, to deliver tangible results, and connect with even more developers. In addition, the crossover from my public appearances, TV shows, and real estate promotional business creates a unique synergy between roles and allows me to succeed in both than if I had only one of them.

What has been your greatest triumph to date?

My greatest triumph is my two children. I love them dearly; they know who I am and love what I do, and I am very proud of them. They are very involved in my life and support both me and my ex-husband, as well as our businesses and pursuits. Leonardo and Ornella have learned to follow their hearts and pursue their lives and careers with passion and love.

What has been your greatest lesson, and how have you used that lesson in your life?

My greatest lesson is that gratitude is a powerful force in life. When you are grateful, you can reach any goal and obtain almost anything you want. Gratitude is the key to prosperity. You put what you have and achieved at risk when you forget that. Conversely, if you are thankful, you receive even more, and goodness and blessings will come to you. When you are blessed, you can help other people. In this way, I’m very grateful for achieving many of my dreams, which has allowed me to help others obtain their dreams. That is my greatest gift.

What do you think you came into this life to learn, and what do you think you came here to teach?

I learned in life to be humble, learn, and gain trust through my efforts but, more importantly, through those that put their faith in me, for which I am very grateful. So, always be humble and thankful.

What projects are you working on right now?

I’m working on a Netflix project centered around Miami as an ambassador and interfacing with influential people and power players from around the globe. I’m also working on a book and so many other projects. I love staying busy, exploring many ways to help others, and growing my businesses.

What would you still like to attempt in your career?

Often I feel as if I’m just getting started. There are so many things I want to accomplish; I have new dreams and want to help so many others to achieve their goals too. In addition to my real estate and entertainment accomplishments, I’d like to expand into sports and work with famous and up-and-coming athletes across the globe. I’d love to interview more celebrities, entertainers, and accomplished entrepreneurs, such as Jeff Bezos from Amazon, Richard Branson of the various Virgin companies, and similar innovative and successful business leaders. I think they have a positive message to share – despite the negativity put on them by other parts of the media – and I want to be a person that listens to that message and helps convey it. Then I can share this information in my area of influence, including Latin America, the Latin community in the U.S., the European Community, and the American public. I want to be known as an example of a woman who trusts and believes in herself, wakes up every morning with a dream that everything is possible, understands there are no limits, and proceeds into life fearless.

What advice would you give to those hoping to follow in your footsteps?

My advice would be to never give up! Please don’t compromise concerning your dreams and goals; go for it. Elevate people around you, and help them to elevate themselves. Concerning self-care, wake up early, eat healthily, don’t get intoxicated – no drugs, no alcohol – and don’t smoke. You don’t need anything to help you feel better; you must create your wellness and feelings of good health daily. Avoid unnecessary medicine and stay away from things like sleeping pills—eat healthy food. Additionally, make sure to take care of your house and all those in it, take care of your mind, always work on action plans to complete your objectives, and most of all, keep yourself humble, thankful, and full of gratitude!

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Entrepreneur Spotlight: Meet Award Winning Actor, Director and Choreographer, Darrin Henson

Darrin is an award-winning talent who has been successful in the entertainment industry for three decades! – Known for working with stars such as Michael Jackson, Prince, Jennifer Lopez, Britney Spears, NSYNC, Xscape, and Jagged Edge, and appearing on fan favorites like Soul Food, Stomp The Yard, and current shows The Family Business and Double Cross, Darrin is showing no signs of slowing down. He is only evolving, taking command of his career by telling stories that matter to him and creating opportunities for other rising talent within the TV/Film industry. He also has a recent documentary in negotiations with major networks/ streaming services. 

We recently caught up with Darrin to discuss his journey in the industry, and here’s what went down:

When did your entrepreneurial flair first reveal itself?

As an entrepreneur, it really kicked in when I was about 18 years old. I was traveling to Japan and commissioned for a certain amount of money. Once I got there, I saw many opportunities, but I had to manage my schedule more effectively. I realized that I could make more money if I managed my time properly. That is when my flair for entrepreneurship kicked in.

What did your life look like before being an entrepreneur?

It looked like a guy from the Bronx who had a lot of big dreams, creativity, and energy – and it was dispersed all over the place. In other words, I had a lot of ideas that were just ideas. As an entrepreneur, I was able to make those ideas work. When I put those ideas to work, they started manifesting material gain through money and resources. So, we all have ideas, but until we can utilize them to help other people, then chances are, they will just continue to be dreams and ideas. I figured out that when you put your ideas to work, and they help someone else, you can create value for yourself and earn from that.

As a choreographer, actor, and author, what is it that motivates and drives you?

As a choreographer, it was creating dance steps that the whole world would do. As an actor, it’s being able to make people feel, and as an author, it is bringing information to the masses that helps them become more of what they want to be. 

In a word, describe your life as an entrepreneur and explain why.

Expanding: As an entrepreneur, I sold dance steps. As an actor, I sold emotion, and as an author, I sell philosophy and ideas. I am still growing and expanding, and my business is growing as I continue to do so.

What were your top three motivations for becoming a choreographer, actor, and author?

Michael Jackson for choreographer. For acting, it was Denzel Washington, John Travolta, and Charlton Heston. As an author, it was Walter Mosley. These people motivated and inspired me to pursue success in these three areas. I saw their success and their greatness, and that motivated me to want to be successful and great.

What do you put your success down to?

I attribute my success to consistent learning. I am a perpetual student. 

What would you say are the key elements for starting and running a successful business?

It would help if you had a well-thought-out business plan and a great team to help you execute it. 

What are the three biggest challenges you have faced growing the business, and how did you overcome them?

Marketing to a diversified audience, growing the brand beyond the black diaspora and protecting the brand from being stolen. 

I overcame them by 1) Making the effort to engage with audience members from different backgrounds by asking them questions and learning about what their needs were 2) Being able to speak different languages. I speak French, Spanish and Japanese. That helped me to sell to different audiences. I want to be able to inspire people of all races. When we are really trying to assist society in growing, we need to expand our consciousness to learn how to communicate with all kinds of people. Language is a key way to do that. Interestingly, sometimes people of other backgrounds are surprised. And to that, I say: “Utilizing the tools of education will surprise the uneducated and the educated when used properly.” 3) Copywriting and Trademarking. Anyone can be inspired by your product, use the phrases and work you have created, and make their products just like yours. You want to protect your brand from being hurt if you feel it is of value. You don’t want it to be used in any way you didn’t intend for it to be used.  

Does the loneliness of the entrepreneur really exist?

I think it can. Being a dreamer and a high achiever, only some people will understand your vision, and not everyone was given your vision. You can be around 100 people and still feel alone. There are times when I feel lonely. People don’t always get your fire; they don’t always get your vision and your focus. That can be lonely. But, being alone allows you to build even greater, so those people who don’t get you fall away. Those who do get you can help you meet a new level of growth. When you allow yourself to go through the pain of growing, remarkable things happen. They call them growing pains for nothing. So, in short, yes, loneliness does exist. It is a place that is necessary for growth. 

As you grew the business, what have been some of the most important leadership lessons you have learned?

To listen to the customers. To seek out new ways to communicate with your audience. To stay abreast of social and economic changes and to keep on top of different ways to process merchandising. 

What do you hope to see happen in the near future for small businesses worldwide?

That they grow into large businesses. I don’t believe in starting a business and, ten years later, still calling it a small business. If it remains small, it means you still need to grow it. I also hope that people find and learn the value of small businesses. I think when you are paying attention to the consumer and creating an answer to their needs, you create value. We create value for ourselves and our businesses if we listen and create products and services that people need and want to support. 

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Justin Bieber’s Net Worth Dramatically Increases After Selling The Rights To His Music

Justin Bieber has reportedly sold the rights to his music to Hipgnosis Songs Capital for a massive sum.

NBC confirms that the deal includes a back catalog with over 290 titles, including mega hits such as “Sorry” and “Despacito.” The agreement is between Justin and U.K.-based Hipgnosis Songs Capital, which includes all of Bieber’s music released before Dec. 31, 2021.

Merck Mercuriadis, the founder and CEO of Hipgnosis Song Management, said in a statement. “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable… At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized the entire music industry, taking a loyal and worldwide audience with him on a journey from teen phenomenon to culturally important artist.”

Mercuriadis reveals that the acquisition ranked “among the biggest deals ever made for an artist under the age of 70.”

“Such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone,” he further said.

NBC further revealed that Scooter Braun, the CEO of Hybe America and Bieber’s manager of 15 years, referred to the latest agreement as a “historic deal,” confirming in a statement: “When Justin made the decision to make a catalogue deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis.”

“Justin is truly a once-in-a-generation artist, and that is reflected and acknowledged by the magnitude of this deal,” Braun revealed. “For 15 years, I have been grateful to witness this journey, and today I am happy for all those involved. Justin’s greatness is just beginning.”

The Wall Street Journal had previously reported that the deal was expected to reach around a massive $200 million value. However, TV1 News was not able to confirm the amount. 

Editorial credit: Jaguar PS / Shutterstock.com

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Meet The Entrepreneur Behind The Cover Of The January 2023 Issue Of Global Millionaire: Jeffrey Wachman

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A serial entrepreneur, Jeffrey Wachman is a night-life entrepreneur, an author, and an innovator in performing arts, digital marketing, and business development.

Open about his humble beginnings and past, he used a personal tragedy as a catalyst to clean up his life, further develop his sales acumen, and reapply it, which resulted in significant business growth for his several companies.

Jeffrey Wachman is a partner and co-owner of several companies such as Hunkomania Male Revue, Diva Royale Drag Queen Show, Booze N’ Brush Sip N’ Paint, and Red Velvet Burlesque entertainment franchises, just to name a few. He is also the co-owner and Chief Marketing Officer for My Eye Read Iridology, My Estate to Liquidate Estate Sales, Credit Roadrunner Credit Repair, Merit Laser Services Medical Laser Repair, and Next Destination Moving. A champion of growth-mindset thinking, Jeffrey learned from his life experiences and sought to inspire others to pursue their ambitions, goals, and dreams. Global Millionaire magazine recently sat down and talked entrepreneurship with Jeffrey, and here’s what he had to say:

When did your entrepreneurial flair first reveal itself?

Ever since I was a teenager, I’ve always had the spirit of an entrepreneur; I used to buy candy, sell it at school, and enjoy the experience of commerce and the joy it gave to my schoolmates. Always looking for the next angle, I soon learned to purchase sneakers and clothing and resell it at a profit. These lessons taught me the power of being in business for yourself and gave me an early insight into the expression, “profits are better than wages.”

What did your life look like before being an entrepreneur?

Before becoming an entrepreneur, I worked different jobs. I worked as hard as possible, always excelled at them, and made good money. But my hunger for success and constant growth fueled me to keep growing and moving forward to my career as an entrepreneur.

As an entrepreneur, what is it that motivates and drives you?

In addition to delighting the customer, making money is important, but even more importantly, seeing how big I can grow a company gets me up in the morning. Setting goals, applying focus and effort, and eventually achieving them is gratifying. However, I get even more enjoyment from setting stretch goals that challenge me to grow further in my understanding and capabilities.

In a word, describe your life as an entrepreneur and explain why you enjoy it.

Exciting. My life as an entrepreneur has been exhilarating and will continue to be so because continuous learning and growth are never dull. From the start of a company or my jumping on board, it’s exciting to see where it can go and how my role will evolve, no matter how hard.

What were your top three motivations for starting your business?

My top three motivators for starting my business included not having a boss, being in full control of a company’s success, and seeing how much I could expand an enterprise without anyone or anything holding me back. These were and will continue to drive me forward every single day.

To what do you attribute your success?

My success comes from pure, good old-fashioned hard work, dedication, and sacrifice.

What are the key elements for starting and running a successful business?

I believe the three key elements for starting a business are:

1. Research: know your market, competitors, customers, and costs.

Always be prepared to spend more than originally budgeted.

2. Be prepared to work harder than anyone and harder than you ever have.

What you put into your business is what you will get from it.

3. Know every aspect of your business.

You want to understand each aspect in-depth to either be able to execute directly or delegate and oversee.

What are the three biggest challenges you have faced growing the business, and how did you overcome them?

Some of the biggest challenges I have faced in growing my businesses include finding the right employees and not having enough time in the day. Staying vigilant in finding and hiring the right staff and learning from past experiences have helped me grow the businesses to where they are today and will continue to grow. Time management will always be challenging, but prioritizing and letting go of things that do not bring value to your success can get more important things done! Setting the right priorities and focusing your time on them is a fundamental key to success.

Does loneliness always accompany entrepreneurship?

I believe there is some truth to that, but it’s also an important part of becoming successful and a catalyst for personal growth. I stayed in many nights working until the wee hours while my friends and family were out socializing or at functions. I’ve often sacrificed relationships to get to where I am today; however, I believe it’s possible to have fun, but only after reaching a certain point of success that permits it. Let’s face it, no one likes to be broke, and I’m not the type of guy that would settle for less than being successful and financially well-off, so those sacrifices are important.

As you grew the business, what have been some of the most important leadership lessons you have learned?

1. Respect, always be kind to people you encounter, and treat them how you want to be treated.

2. Honesty, whether it hurts or helps, I’ll always be honest, and that’s an important part of being a leader.

3. Be willing to do what you’re asking those under you to do. I heard a saying once, and it stuck with me, “I’ll never send my troops to fight a battle I would not fight myself.” Whether it’s my nightlife company, the restaurant I owned, or the iridology company, from cleaning the bathrooms to updating websites, your employees must see how far you’ll go to ensure the job gets done. Your motivation motivates them. It also allows you to say and genuinely mean when necessary, “No Excuses.”

What do you hope to happen in the near future for small businesses worldwide?

I would love to see small businesses worldwide become more successful by utilizing the ever-evolving marketing tools available today. While I love and support the mom-and-pop businesses of the world, I see more and more of them disappearing, partly due to them not evolving with the times, and failing to define and execute digital marketing strategies, for example.

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Is 2023 A Good Time To Invest In Sydney Property

Sydney’s property market is booming at the moment with many sellers and developments. Currently, an investor has many choices and a good price range. Regardless of the economic times, the property market is known to be the most predictable and stable investment out there. Sydney’s property market is unpredictable when investments are geared toward new innovations or products that may be obsolete a few years later. However, property will always be an asset being essential to every human on earth. It is the oldest type of investment, and it still stands to be the most steady and lucrative.

Why invest in Sydney Property? The reasons are endless…

There are many reasons to invest in property, which is the difference that makes it a good idea to buy property.

If the property is purchased for personal use

Currently, many First Home Buyer incentives and Government Grants are available – do your research, and you could find the perfect property for you.

Invest to rent out

Through PIA’s B&R Model (Buy and Rent), many of its investment properties attract a ‘Rental Guarantee’ – this means that you can accurately predict your rental income for the next three years.

Tenants will pay down your mortgage via rental income they give to the property owner, whether they are positively or negatively geared properties.

Investors using this type of investment can sit back and enjoy seeing their investment grow.

A Hefty Tax Return on Sydney Property

Sydney Property is considered an asset, and assets depreciate over time. This basically means that your initial investment will go through wears and tears of time and usage. However, this does seem like a negative, but there is a golden thread in this disadvantage. This disadvantage is tax deductible; it can be claimed from your taxes, and you will receive a hefty return. Also, because this is a long-term investment, there will always be the chance of your property being a disposable asset in the future when you wish to resell.

It’s Trending For a Limited Time – a buyer’s market!

Now, if we narrow it down to the Australian market, there are some very interesting trends at the moment that will slowly fade away if not acted on soon. The trends include many developments at the moment in Sydney Property and many of the larger cities. Therefore, the competition for sellers is large, so buyers’ prices are ideal now. Due to this insurgent amount of developments and property, there are many opportunities where informed investors have the ability to gear the investment amount to their advantage.

This is a good time to purchase. Investing in property is a long-term investment. Therefore, any changes that occur after purchase, even if it shifts to being a seller’s market, will be to the property owner’s advantage. This is because you can sit and wait for an ideal time to sell or continuously gain from the rental of tenants at a time when the property is too expensive for people hoping to be property owners.

Source: PIA

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Amazon Founder Jeff Bezos Admits Giving Away His $100 Billion Plus Fortune Is “Very Hard”

Amazon head honcho Jeff Bezos has revealed that it’s actually ‘not easy’ to give away his estimated over $100 billion fortune.

The Amazon founder revealed that he plans to give away ‘most’ of his massive fortune to various good causes. In fact, Bezos has already committed to giving $10 billion by 2030 to the Bezos Earth Fund to help combat climate change. He also recently gave a $100 million grant to country music superstar Dolly Parton so that she can continue her philanthropic work. Parton received the Bezos Courage and Civility Award from Bezos and Sanchez earlier this month. The award ‘recognises leaders who aim high, find solutions, and who always do it with civility’ according to Sanchez.

Bezos has also admitted that giving away his massive fortune is actually ‘very hard’. When he was interviewed by CNN, he said: “The hard part is figuring out how to do it in a levered way.”

“It’s not easy. Building Amazon was not easy. It took a lot of hard work, a bunch of very smart teammates, hard-working teammates, and I’m finding – and I think Lauren is finding the same thing – that charity, philanthropy, is very similar.”

He further said: “There are a bunch of ways that I think you could do ineffective things, too. So you have to think about it carefully, and you have to have brilliant people on the team.”

Editorial credit: dennizn / Shutterstock.com

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Spotlight On Proxima: The Next Big Platform To Watch Out For In 2023

Thirty years ago, Justin Wang came to Australia to achieve financial freedom. However, he initially found it very difficult to make money in Australia. Even though the income is higher in Australia than in China, he could save only a few dollars.

He quickly found a way to remedy the situation. This was how PIA was born. Wang credits the realization of his dreams to his two-fold approach to prosperity: invest in a business and then advise others to do so. He feels that if he didn’t do that, he probably would not have achieved as extensive a portfolio as he currently holds today.

For Wang, a business owner’s priority always lies with the stakeholders. This includes all parties to the arrangement and the interests of society as a whole. This holistic approach is the cornerstone of Wang’s success and functions as a valuable lesson in entrepreneurial tactics.

Justin Wang is the embodiment of the self-made businessperson. From unassuming beginnings to life as a property magnate – he now personifies the paradigm for financial freedom. It always comes down to abundance as generated by collaboration.

Global Millionaire magazine recently caught up with Justin to discuss his vision for 2023, and here’s what went down:

Can you tell us about your vision for PIA in 2023?

I started the business in 2005 with a powerful mission, goal, and purpose: to achieve financial freedom. After 17 years of working hard, I eventually achieved that goal, so now I have new goals for 2023. My plan for 2023 is to keep the property management service in-house and integrate the agents from the PIA agency to the Proxima platform. We are managing 7000 properties in Australia which in hindsight is 5 billion worth in assets. I want to make sure our clients are looked after. I am also planning to set up the PIA school to continue promoting the PIA success formula to get more people to succeed. Even though many people already know the PIA concept, I still feel that you need someone to guide them and ensure they’re on the right path, and that’s what the school is all about.

Can you tell us more about Proxima? What’s this all about?

Proxima is an agent service platform that engages and promotes the PIA concept. I want hundreds, even thousands, of people to have their own businesses even though they still have their day jobs through this new platform. Proxima will take the hassle away from agents and will engage a large number of the broader community. Through this new platform, I hope to help the bigger community achieve financial freedom through Sydney residential property.

What are your personal goals for 2023?

I came to Australia in 1993. I was here roughly 30 years ago, and I’ve already achieved my personal goal of achieving financial freedom. To be honest I don’t have any more goals to achieve personally. Now my personal goal is about how many people I can help get into the property market. I want to teach as many people as possible on how to take advantage of the market and how they can benefit from it in the future.

What are your tips for people who will be affected by the high-interest rates next year?

Many people are hesitant to enter the property market because they feel that the high-interest rate will stop them from borrowing more money or won’t allow them to enter the property market. While everyone is so busy worrying about the soaring interest rates, people are forgetting that immigration numbers are high once again, so more people will be looking for a place to stay. Once supply increases, the demand will also increase. Yes, the interest rates might continue to rise, but who will bear the increase in interest rates? The tenants. Decade after decade, year after year, century after century – there will always be a time when the interest rates will keep going up. Still, if you know how the market works, you’ll keep the property you own because, eventually, you’ll be the winner when the interest rates drop. Do you want to think short-term or long-term? If you’re considering selling your property to avoid a higher mortgage, you’ve probably dodged a headache in the short term. But if you think long term, you have to keep in mind that rent will continue to increase yearly, so you’ll be the winner if you decide to keep your property.

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Entrepreneur Spotlight: Get To Know The CEO and Visionary Behind Proximo Marketing Strategies

Courtney B. Riley is the CEO and visionary behind Proximo Marketing Strategies, an international marketing firm based out of Hampton Roads, Virginia.

Driven by passion and a calling to serve, Courtney leverages her talent for innovative thinking with a genuine enthusiasm for seeing others succeed, to help her clients find and pursue their true purpose while also providing them with the necessary tools to position their brands in the marketplace successfully. She is an active and appreciated member of her community, serving as adjunct faculty at local colleges, educating students on best practices for marketing in the 21st century, and serving on the board of several non-profit organizations. A published author and recent recipient of the 40 Under 40 and Woman of Excellence award, Courtney Riley has been called “One to watch in the marketing world,” by Authority Magazine.

With a decade of success behind her, Courtney now focuses her efforts on helping other entrepreneurs, CEOs and visionaries employ the principles of the Love-Centric Business Model to not only achieve success and fulfillment for themselves, their employees, and their customers but to do it all on their own terms.

Of course, more important than any professional accomplishments are the blessings Courtney counts in her personal life – her husband, Matt, teenage son, Dominic, and toddler, Bella. Yes. You read that right – a teenager and a toddler! Needless to say, Courtney knows a thing or two about chaos and overwhelm and practices what she preaches not only on the job but also at home, recognizing that living a life of love has also meant loving herself enough to prioritize self-care. When she’s not helping entrepreneurs thrive and build love-centric businesses, Courtney can be found soaking up family time and sunshine in the backyard, relaxing with yoga or enjoying a quiet moment with God’s word.

Global Millionaire recently caught up with Courtney to discuss her journey as an entrepreneur, and here’s what went down:

What are you currently doing to maintain/grow your business?

Nurturing relationships. Right now, as the world struggles to navigate a staffing crisis and heavy turnover, I’m investing time and energy into nurturing the relationships I have with my team and encouraging them to do the same with one another. Loving people that love our clients have a beautiful trickle-down effect! I’m also keeping the relationships we have with our current clients at the forefront of all we do, continuing to cultivate those relationships, and exploring how we can add even more value. 90% of our new business comes from happy clients that see what we can do, and share the impact with other business owners and leaders that they know. The best part about that? We get more clients like the ones we have (and love!). It’s a win-win!

What form of marketing has worked well for your business throughout the years?

Honestly, it’s pretty ironic, but I’ll always be a grassroots girl at heart. Cultivating relationships that already exist, and investing time and attention to those around me, has had the greatest ROI. I genuinely want the people around me to succeed, and I believe they feel that. Naturally, when people they know need to experience that same love and support, I’m the person they refer.

What social media platforms do you usually use to increase your brand’s awareness?

Facebook, Instagram, and (recently) TikTok.

What is the toughest decision you had to make in the last few months?

Declining work. Good work, with good prospects, We are BUSY. And if that busyness gets in the way of us delivering what a new client deserves, I refuse to take them on. It’s tough when you support a team financially, and even tougher when the prospect is someone that you’d genuinely WANT to work with. But no amount of money is worth your integrity (or quality of service) taking a back seat.

How has your business been affected by the COVID-19 pandemic?

I hate to say it, but it’s been a season of growth, in a big part from the impact of the pandemic. For years, businesses did things the same way they had always been done. Conservative entrepreneurs, who had once been innovative leaders, had become complacent. The pandemic shook the boat. It pushed people to embrace change that they had shied away from for decades. Suddenly, people that had watched my team and I help our clients take their business to new places, from the sidelines, needed and wanted us to help them navigate the changes they were forced to implement. In short, the pandemic shook the boat and made space for us to help people navigate the turbulent waters of marketing.

How have you adapted your business operations in response to COVID-19 and its associated impacts?

Fortunately, we were virtual prior to the pandemic, so we felt minimal hiccups in that regard. The unprecedented growth we experienced, however, took quite a bit of navigating. In fact, it’s still something we spend intentional time nurturing. We have weekly team meetings, quarterly (if not more frequent) team get-togethers, and even brought on a team member to help co-shepherd our team with me. She spends time in leadership development, and personal and spiritual growth, and acts as a safe-zone sounding board for our crew. Learning to love in a way that makes this team unique has been one of the most impactful adaptations our team has experienced!

What have been some of the most important lessons you have learned because of this pandemic?

If nothing else, the pandemic reminded me how little control we truly have, and how IN CONTROL our Heavenly Father is. I heard an analogy recently about a farmer that worked diligently on his land; tilling, planting, and watering his soon-to-be crops. Just like him, we are called to work with excellence in all things that we are given to steward, including our businesses, clients, and employees. We pour into them, invest into them, and nurture them with all that we have. But at the end of the day, whether the sun shines, rain falls and photosynthesis happens is not within the farmer’s hands. Similarly, after all of the hard work we put into our career tracks, God Himself has the final say on what sort of fruit they produce. The pandemic has increased both my faith and my resiliency!

What do you hope to see happen in the near future for small businesses all over the world?

I hope people let their boats shake. I hope they embrace change as gracefully as they can, and above all else, I hope that they prioritize the PEOPLE in their corner. Their clients, their employees, and their families deserve to be loved fiercely, at all costs.

What advice would you give to a newbie Entrepreneur setting up a new business in this pandemic?

Surround yourself with a tribe of people that are willing to pour into you. You need people that will be brutally honest and cheer you on, all at the same time. Find the ones that have been in the trenches and are living a life that you aspire to have, then humble yourself and ASK. FOR. HELP. We were ALL where you are right now, once!

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

Top 10 Most Influential CEO’s Of 2022

With the likes of Elon Musk, Mark Zuckerberg, and Jeff Bezos making headlines in the daily, Tipalti wanted to discover which CEOs have the most influence on us. 
The study examined social media presence, TV appearances, net worth, fake news claims, and even merchandise to discover the most influential CEOs in 2022.
Introducing the ten most influential CEOs of 2022:

Rank

Name

Company

Twitter Followers

TikTok Views

IMDB Credits

Fake News 

Net Worth ($)

CEO Influencer Score /10

1

Elon Musk

Tesla

106.5m

12.1bn

158

59

$264bn

9.91

2

Bill Gates

Microsoft

60.4m

1.4bn

241

141

$114bn

9.60

3

Jeff Bezos

Amazon

5.2m

2.1bn

93

8

$142bn

9.20

4

Mark Zuckerberg

Facebook

0

819.9m

124

21

$55bn

7.86

5

Tim Cook

Apple Inc.

13.6m

65.8m

33

0

$1.5bn

7.72

6

Reed Hastings

Netflix

109.8k

1.7m

16

2

$1bn

7.68

7

Mary Barra

General Motors

64.6k

244

13

0

$169m

5.63

8

James Quincey

Coca-Cola Co

0

33.1k

7

3

$48.7m

5.00

9

Bob Chapek

Walt Disney CO

0

10.1m

18

3

$7.7m

4.78

10

Karen Lynch

CVS Health

5.9k

131.1k

0

0

$25.6m

4.69

Elon Musk has been crowned as our most influential CEO with a near-perfect score of 9.91 out of 10. He has been incredibly successful as the CEO of Tesla since earning the job in 2008, and he just purchased Twitter.
Only two woman feature in the top 10 list of most influential CEOs; Mary Barra, who ranks 7th, and Karen Lynch, who ranks 10th. 
Further study insights:
  • Most CEOs on our list are in the technology sector, with Microsoft, Apple, and Facebook founders all in the top 5. 
  • Elon Musk had the most fan-created merchandise, returning over 25,000 results when searching for his name. He also has a perfect social media score of 10 out of 10, as he has the most followers on Instagram, Twitter, and Tiktok.
  • Bill Gates has the most TV appearances, with 241 IMDB credits. Over half of these credits are from talk show appearances and news interviews, where Gates was featured as a guest. Gates also has by far the fakest news claims associated with his name at 141. 

You can dig further into the data here
Editorial credit: dennizn / Shutterstock.com
This article was sourced from a media release sent by Emily Boswell of Digitaloft
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Meet The Woman Behind The Cover Of The November 2022 Issue Of Global Millionaire: Geena Davis

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By Allison Kugel

Academy Award-winning actress Geena Davis has spent decades breaking down barriers for women with powerfully resonating on-screen portrayals transcending entertainment and inspiring seismic cultural shifts in how women are viewed in art and real life.

Davis made her feature film debut starring opposite Dustin Hoffman in the classic 1982 classic comedy Tootsie, and she went on to star in such films including The Fly, Beetlejuice, The Accidental Tourist, Thelma & Louise, Hero, The Long Kiss Goodnight, Stuart Little, and A League of Their Own.

From the quirky and offbeat dog trainer Muriel Pritchett in Lawrence Kasdan’s The Accidental Tourist, for which she won the Academy Award for Best Supporting Actress, to her Academy Award-nominated and Golden Globe-nominated performance as Thelma in Ridley Scott’s Thelma & Louise alongside Susan Sarandon, to leading the cast of Penny Marshall’s A League of Their Own opposite Tom Hanks; Geena Davis has portrayed characters who claim their own narrative and make us reimagine womanhood. Geena Davis’s roles have remained evergreen in their ability to reflect the human condition, brilliantly, long after their release.

In 2019 Davis was honored with a second Oscar trophy, this time the Academy’s Jean Hersholt Humanitarian Award, in recognition of her work over the decades to achieve gender parity onscreen in film and television.

Ahead of her time, Davis also earned the 2006 Golden Globe Award for Best Performance by an Actress in a Television Dramatic Series for her portrayal of the first female President of the United States in the ABC television series Commander in Chief.

Geena Davis is the archetype fearless female who gets it done. Yet, to speak with her is to witness a soft-spoken and centered human being who draws you into her space with carefully cultivated wisdom that doesn’t need to shout to be heard. A world-class athlete (at one time the nation’s 13th-ranked archer) and a member of Mensa, most recently, she is recognized for her tireless advocacy of women and girls nearly as much as for her acting accomplishments. Davis is the Founder and Chair of the Geena Davis Institute on Gender in Media, which engages film and television creators to dramatically increase the percentage of female characters — and reduce gender stereotyping — in media made for children 11 and under.

Allison Kugel: What are the three major life events that shaped the human being you are today?

Geena Davis: The first one would be having the parents that I did. Both of them were great, but particularly, my dad was very encouraging in a subtle way. Whenever he was doing something, like working on the car, shingling the roof, or whatever, it was he who would have me come along with him just as a matter of course. I grew up feeling like there wasn’t anything I wasn’t supposed to do, and also feeling very capable, which I’ve taken into my life. Another one would be getting to work with Susan Sarandon. She had the most impact on any person in my life, because I’d never really spent time with a woman who moves through the world the way she does. It sounds crazy to be 33 years old at the time and first experiencing a woman like that, but I really had previously never met a woman who didn’t preface everything with, “Well, I don’t know what you will think, and this is probably a stupid idea, but…”

Allison Kugel: Really? Interesting…

Geena Davis: Yes. She just lived her life and said, “This is what I think.” To have three months of exposure to that was amazing. And obviously, the third biggest impact on my life was becoming a mother.

Allison Kugel: Same here! I want to ask you, regarding Susan Sarandon, when you watched her move with such confidence, and I’m assuming this was on the Thelma & Louise set, how was she received by male co-stars, producers, writers, the film’s director (Ridley Scott)?

Geena Davis: As completely normal, which was also stunning to me. The way I was raised was to be extremely polite, to a fault. I was sort of trained not to ask for things and not to be any trouble to anybody, but she obviously wasn’t (laughs), so she just said things the way she wanted to say them, like, “Let’s cut this line,” or “Let’s do it this way,” or “This is what I would like to do.”  There wasn’t any reaction whatsoever from anybody of, like, “Wow!,” partly because she didn’t present herself as combative. She was always just like, “This is what I want. This is what I like. This is what I think.”

Allison Kugel: I love it, and I love the fact that you said your dad didn’t place any limitations on you.  Do you have brothers?

Geena Davis: I do. I have an older brother and he, of course, did all of that stuff as well with my dad, but I did it too! My dad didn’t seem to have the impression that I should just be learning stuff that my mom would teach me. It was very natural for him to include me in everything.

Allison Kugel: That is pretty awesome. To unpack your third major life event, motherhood, did you feel instantly reborn when you had your first child, or was it more of a subtle shift for you?

Geena Davis: I don’t know that I would say I felt reborn, but it certainly changes your life dramatically. I had my daughter first and very clearly started seeing the world through her eyes, and it has just been magical.

Allison Kugel: I want to talk about the Oscars and your Best Supporting Actress Oscar win for The Accidental Tourist. I think so many actors, and especially actresses, see an Oscar win as their ticket to being treated as an equal in the film industry. Like, if you get that gold statue, you are now an equal and you are going to be treated with a certain level of reverence and respect, and you are going to get substantial roles and you can exhale and just relax. Was that your experience, where you felt like, “Okay, I’ve arrived.”? Or did you still feel like you had more to prove?

Geena Davis: Well, I didn’t ever think, “This is my magic ticket to…”

Allison Kugel: Equality (laugh)?

Geena Davis: Doing everything I want to do, or like now I was at the top of the A-list, or anything like that. I didn’t think of it that way, but I did unexpectedly feel a tremendous feeling of having accomplished something. I thought, “Well, I got that out of the way. I never have to wonder if I’m going to get one of these things.”

Allison Kugel: They didn’t have the term “bucket list” at the time, but I hear you.

Geena Davis: Absolutely. I thought, “Well, I got this out of the way early. That’s cool.”

Allison Kugel: Very cool! I know, philosophically and humanly speaking, we can all fall into this mindset of, “When I get this, I’ll be happy.” Whether it’s getting married, winning an award, making a certain amount of money, becoming a parent; whatever it is for people. Are you one of those people that sees life that way, or do you believe in the journey as opposed to the destination?

Geena Davis: I’m more of a journeyperson. I haven’t, in my life, been clamoring for the next thing that will make me fulfilled. I get a lot of fulfillment from what I do and just living my life.  Speaking of winning the Oscar, does it change how people see you and everything? I had two directors, after I won the Oscar, who I had a rocky start with, because they assumed that I was going to think I was all that, and they wanted to make sure that I didn’t feel like I was all that. Without having met me or having spent any time with me or anything, they just assumed I was going to be like, “Well, now no one is going to tell me what to do.”

Allison Kugel: You kind of had to go out of your way to let people know you were down to earth.

Geena Davis: I just am.

Allison Kugel: I don’t think a male actor would have had to prove he is still nice and cooperative, and down to earth.

Geena Davis: Yes, and I think maybe because I was a woman, that the directors felt that way. And maybe it was even unconscious bias that they would maybe do it to a woman and not a man. But they didn’t want a woman to potentially cause them any problems. They wanted to make sure I knew my place, and maybe you’re right, it probably wouldn’t happen to a man.

Allison Kugel: We already talked about working with Susan Sarandon, but generally speaking, what did doing the film Thelma & Louise, and its subsequent success, do for you, both as an actor and as a woman?

Geena Davis: I had read the script for Thelma & Louise after it had already been cast. I thought, “Oh my God! This is the best script I’ve ever read. I wish I could be in it.” I ended up having a year-long pursuit for the role, because Ridley Scott was only the producer at that time, and different directors and different pairings of ‘Thelmas’ and ‘Louises’ were coming together and falling apart, and so for a year my agent called at least once a week to say, “Just so you know, Geena is still available. She’s still interested.”  Then when [Ridley Scott] decided he was going to direct it, he immediately said, “Yes. Okay sure, I’ll meet with her,” and I convinced him somehow or another (laugh).

Allison Kugel: Way to play hard to get Geena (laugh).

Geena Davis: (Laughs)

Allison Kugel: Let’s talk about male and female pairings in film. Normally, it’s very common to have a 50-year-old or even a 60-year-old leading man opposite a 30-year-old leading lady. That’s just kind of been the norm, although there are a few exceptions, and that is what our eyes are used to seeing. I know that kind of sucks, but how do you feel when an older woman is cast opposite a younger man?  Do you see that as a win for more mature actresses? 

Geena Davis: Let’s see… in Thelma & Louise they cast Brad Pitt to be my sort of…. love interest, and it wasn’t actually because he was younger. They didn’t purposely try to cast someone younger than me. He just gave the best audition and he was the best choice. But I thought that was pretty cool.  He’s only, like, seven years younger than me, but I thought that was quite cool that they did that.

Allison Kugel: We are all a bit societally conditioned to look at it sideways if the man and woman on screen are exactly the same age. If you put a leading man who is 50 with a leading woman who is 50 or even 45,  I feel like that would almost look odd to us, the audience, because we are so brainwashed.

Geena Davis: It’s very strange and so prevalent. A certain male actor that was making a movie said that I was too old to be his romantic interest, and I was 20 years younger than him. You know what it is? Women peak in their 20s and 30s, and men peak in their 40s and 50s as far as actors go. So the male stars of the movies want to appear to be younger than they are, or they want to appeal to younger people, so they always want a co-star who is really young. I guess it’s to make them seem whatever, but that is why that happens and that is why women don’t get cast very much after 40 and 50. It is because they are felt to be too old to be a romantic interest.

Allison Kugel: Tell me what inspired you to create the Geena Davis Institute on Gender and Media. Was it one thing or many things?

Geena Davis: It was one very specific thing. I had my awareness raised about how women are represented in Hollywood in Thelma & Louise, and seeing the reaction. It was so extreme if people recognized us on the street, or wherever, and it made me realize that we really give woman so few opportunities to feel like this after watching a movie, to identify with the female character or characters and live vicariously through them. I decided I was going to pay attention to this and try to choose roles that make women feel good. So I had a very heightened awareness of all of this, and then when my daughter was two, I sat down and watched pre-school shows and G-rated videos with her, and from the first thing I watched I immediately noticed there were far more male characters than female characters in a pre-school show. I thought, “Wait a minute, this is the 21st Century. How could we be showing kids an imbalanced world?”  I saw it everywhere, in movies, on TV. I didn’t intend at that moment to launch an institute about it, but I found that no one else in Hollywood seemed to recognize what I saw. I talked to lots and lots of creators who said, “No, no, no. That’s not a problem anymore. It’s been fixed.” That’s when I decided I’m going to gather the data because I think I’m really right here. I’m going to get the data and I’m going to go directly to the creators of children’s content and share it with them privately because I know this is unconscious bias at this point. So that is what we did, and that is what we have continued to do.

Allison Kugel: Did you think back in 1991, after the success of Thelma & Louise and the overwhelmingly positive feedback you received, that the barn door was blown open and you would see many more female driven stories now?  I remember when the movie Bridesmaids came out several years ago, and it was that same feeling once again of “this is it!” Universal didn’t even want to make Bridesmaids at first. It wasn’t until the success of the movie that they thought, “okay, maybe we’ll make another one.” You know what I mean? 

Geena Davis: Oh gosh, yes. What happened was, when it really took off and struck a nerve, the press, as one united body said, “This will change everything.” That was all the headlines. “Now everything is going to change. So many more movies starring women and blah, blah, blah…”  I thought, “Hot dog! I’m going to sit here and wait for this to happen.” Then my very next movie was A League of Their Own, and a similar thing happened where all the press said, “This changes everything. Now we are going to see women in sports movies.”  It was a very big hit. I’m thinking “Okay. Here is me being able to change the world!” (Laugh) or being part of movies that will change everything, and it profoundly did not happen. Then I started to notice every four years or so a movie would come out where they would say, “This one is going to change everything.” Like First Wives Club was very big where they said, “This changes everything. Now we’re going to see movies starring 50-year-old women left and right.”

Allison Kugel: And then… it didn’t happen (laugh).

Geena Davis: It didn’t happen, but I remember reading about when Bridesmaids came out, and the thought before it ever came out was if this fails it will destroy movies for women (laugh).

Allison Kugel: Damn, no pressure.

Geena Davis: No pressure. And thankfully it was a giant hit, but that still didn’t fix anything at all. People in Hollywood are still resistant to the idea, even though they know my institute found in 2017 or 2018 that movies starring women made more money than movies starring men. It’s been blockbuster after blockbuster starring women, and it’s about time to get with the program.

Allison Kugel: Yes, seriously. Tell me how you are getting your organization’s data into the right hands?  You’re gathering what I would call evidence-based information, so it’s not just anecdotal evidence. You’re getting science backed, evidence-based information and data. How are you going about getting that into the right hands?

Geena Davis: My thoughts from the beginning was since I’m in the industry I can get meetings with all the people I want to share this with so that I didn’t have to try to influence the public to rise up and demand this.  I could go in a very friendly way privately with my colleagues and share information with them.  The universal reaction when people first hear it is, they are stunned. Their jaws are on the ground, and they cannot believe it, especially the people that make kids’ entertainment. They can’t believe they weren’t doing right by girls. The combination of seeing the data proved that there is a big problem, and then realizing they want to do right by kids has been the magic formula in creating change, which is very exciting.

Allison Kugel: When I was watching a lot of children’s programming with my son, who is now 12, I definitely saw an interesting progression in content. Everything from the way girls are presented to the way interracial families are presented, to LGBTQ+ characters on television.  There is so much stuff that is being worked into the content to make a new generation of kids really open to the concept of equality and inclusiveness.

Geena Davis: There definitely is. In fact, we have met one of our goals which was to get more female leads in entertainment made for children and families. We have achieved that. In fact, we have achieved one of our goals, which was to get more female lead characters in children’s and family television programming and movies. Just last year we did reach that milestone of being 50/50 in male female in both of those medias so yeah, we are very thrilled about that.  We have other goals but that is a big change because in the first study we did way back in the beginning female characters where…. Female leads were 11 percent at that time and now it is 50 percent.

Allison Kugel: You told me you were raised to be extremely polite, but yet there is an interesting dichotomy there. You were raised with what I call “the disease of politeness” that girls in my generation and your generation, we were kind of infused with it. But at the same time you were also raised by your father who was quite inclusive with a lot of things that were traditionally male. In what ways are you raising your daughter similarly to how you were raised, and in what ways you are raising her differently from how you were raised?

Geena Davis: Well, it’s all been quite different. She was just born the way she is, which is very self-confident and poised. I tell her, “I will never be as poised as you are.” I wanted to be her popular culture literacy educator. That is why I started the whole institute, was because I realized when I first saw that first television program I thought, “Oh no. Kids are being raised from minute one to accept that men and boys are more important than woman and girls.  I can’t prevent her from growing up knowing that woman are thought of as second class citizens, but I’ll do everything I can to change that for her.” With her and with my boys, I did the same thing. I always watched with them. whatever my boys were watching, like you did with your son, I could say, “Did you know that there is only one girl in that whole movie?  Did you notice that?” Or, “Do you think girls can do what those boys are doing?” Or, “Why do you think she is wearing that if she is going to go rescue somebody?  Don’t you think that’s strange?” They became very savvy. Then they started noticing things before I did. So that was great.

Allison Kugel: What is really cool is that they were actually interested in the questions you were asking and receptive to it. I would imagine that you raised your boys to be very conscious young men in terms of how to treat a woman and how to view women.  Can you tell me a little about that?

Geena Davis: It’s not just for women that we need to show more women on screen. My goal is to have fictitious worlds reflect reality, which is ½ female and incredibly diverse; which is 40 percent people of color, 20 percent with different abilities. Forty percent are heavy body types, and the representation of people with different gender identities and all of that, it barely registers.

Allison Kugel: What is so interesting is that society kind of goes in a loop, right?  You’ve got reality, then you have art, then you have people looking at art and then incorporating that into their reality. It’s like a circle. Think about how many people are influenced by television, film, music, and then that influences how they show up in our culture, which then shapes our “reality.”

Geena Davis: Oh, absolutely. You think these are just harmless pieces of entertainment, but they cause tremendous change that we have measured. FOX asked us to do a study on the Dana Scully character from X-Files to find out what impact she had on women going into STEM careers. We found that 58 percent of woman who are currently in STEM jobs named that character, specifically, as their inspiration to go into a STEM career. That’s just one character on one TV show. It’s really incredible.

Allison Kugel: Mind blowing.

Geena Davis: In 2012, girls’ participation in archery shot up 100 percent and it was because Brave and The Hunger Games both came out in the summer of 2012, and girls left the theater and bought a bow.

Allison Kugel: Let’s talk about the recent study, Women Over 50, The Right to Be Seen on Screen. Can you tell me a little bit about that study and how that is being presented to the entertainment industry, and what you hope to accomplish with it?.

Geena Davis: I hope to accomplish getting more jobs (laugh). You can tell that there are very few parts for women over 50, but we found that characters over 50 are 20 percent of characters on screen, so that is pretty low.  How many people are over 50? But women are only a quarter of those characters. Woman over 50 are five percent of characters on screen in film and television. And those commonly cast as supporting characters and minor roles are less likely to be developed with an interest in characteristics or certainly to be romantic interests. We are using our same philosophy of working directly with the film studios and television networks to get them this information share it with them, and encourage them to make some changes. So I think this will be very impactful.

Allison Kugel: What has been the feedback?

Geena Davis: Great feedback, and again, people were surprised. They did not know it was unconscious bias, so we are looking to see some important change happen.

Learn more about the Geena Davis Institute on Gender in Media and get involved at seejane.org. Follow on Instagram @geenadavisorg.

Listen to the extended interview with Geena Davis on the Allison Interviews Podcast at Apple Podcasts or Spotify. Follow Allison Kugel on Instagram @theallisonkugel and at allisoninterviews.com.

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Is It better to buy an investment property or a home first?

Justin Wang is the embodiment of a self-made entrepreneur. From unassuming beginnings to life as a property giant – he now personifies the paradigm for financial freedom. He built PIA (Property Investors Alliance) when he realized the profitability of the Sydney residential property. His considerable charisma would spearhead a veritable empire of altruistic financial freedom. We recently caught up with Justin to ask him whether it’s better to buy an investment property or a home first; and here’s what went down:

Can you tell us a bit more about yourself? What are your hobbies when you’re not busy with PIA?

My hobbies and passions are reading, writing, and practicing Tai Chi. When I was young, I found that most of my friends with similar passions spent 100% of their time following it religiously. I was concerned for them because I felt that focussing too much on their passion and hobbies meant they couldn’t maintain their jobs, so therefore, how can they keep their lifestyles and follow their passion?

Even though I had my hobbies and passion projects, wealth building has always been my top priority – I’ve always wanted to achieve financial freedom and accumulate wealth so that I didn’t have to worry about my future. At the end of the day, it’s all about maintaining balance in your life. You need to be able to balance your hobbies and true passion while at the same time working on building your wealth. It took me 35-40 years to finally find the secret to wealth building. Eventually, I realised that investing in Sydney residential properties is the key. So from 2004-2005, I started to promote my own experiences to the Chinese community – as a result, many of our young clients began to invest in their first property, then eventually their second, third and fourth. Seven years later, this move turned them into millionaires, bringing them passive income for many years to come. Working or making money for them now is just an option. Whenever they get into their hobbies like basketball and other sports, they are relaxed and happy knowing they don’t have to worry about their future since they are receiving passive income from rent and are millionaires. External factors such as things happening in the world do not affect them financially – they are all financially secure. That’s why whenever I talk to young people, I always remind them to enjoy life but to keep in mind that time passes by quickly. They need to consider what will happen to them financially when they’re older, like in their 50s or 60s. They need to think about property investment while they’re still young before it’s too late.

Most young people don’t own property and live with their parents or rent. Most haven’t explored the possibility of investing in property. What is your advice to them? How can they get started?

The majority of people prefer taking the easy path. They find that renting is more manageable, so they don’t have to worry about a mortgage or any responsibilities. They feel that renting is better than buying. Or staying with their parents – so they can enjoy life and buy nice cars. Your life may be easier today, but remember that more challenging times will come soon enough. Once you get hit by a financial crisis, rent will eat away at your income. The people who own properties will pass it on to you and you will feel the crunch. So don’t focus on just today; think about the future. People always think, yes, I want to be rich – but how can I start? Buying property is too expensive. I can’t afford the down payment or ongoing costs of running a property. For example, if someone grew up in a house in the Bondi area, their mindset is to buy a home in Bondi as well. Of course, that will not be affordable for them because prices in that area are too high.

That’s why I started to promote the “B & R” or “buy & rent” model – to buy their first property as their first investment. For example, if my client lives in a 1-bedroom apartment in Randwick – they can buy a three-bedroom unit in the western suburbs because the prices there are a lot cheaper, and tenants can cover the majority of the mortgage. Although the client may not be familiar with the area, they know that the property’s value will increase eventually, and they’ll be able to refinance in 2 to 3 years. The “B & R” model will allow you to buy in an affordable area and treat buying property as part of wealth creation, not just a hobby.

When’s the best time to get into the property market?

There are two ways people react to the property market. One is when everyone starts to believe that the prices of the properties have gone up – most people will think that the prices continue to rise. Another situation is when people believe that property prices are going down. If the property prices are rising, people may assume that’s a problem because they’ll think that the prices are going up too fast. If the property prices are going down, the same person will feel that’s also a problem because the property prices will go down even further. The problem is “fear” – it’s the fear of taking the plunge.

Right now, everyone is concerned about the high-interest rates; it’s all over the news – the prices of the properties in the top suburbs are taking a massive hit. Most people feel it’s better to wait to buy a property because the market is bad. But let me give you a scenario; if Woolworths suddenly declare that they are slashing the prices of everything at half price, is this good or bad for you? Of course, as a consumer, this is great news! Hence if the property market is “soft”, and everything is cheaper, most people believe that it’s bad for them to get into the property market when in fact, it’s actually good for them. It’s better to buy a property in a “stressed” market because you’ll be able to buy a property at a reasonable price. If the market is good and the prices of properties are going up, that’s when people tend to purchase properties. The problem is that if you’re not fast enough to take advantage of the opportunity when news breaks out about the market, you’ll miss your chance to get into the property market. Only a tiny portion of the population will be adept enough to take advantage of the situation.

Should people buy an investment property or a home first?

Australians are lucky to live in Australia because owning homes here is reasonably achievable. One side of the population is complaining that the prices of the properties are too high – the other side, on the other hand, has no courage to jump into the property market. Owning a “dream home” is not affordable today because people feel that renting is a lot easier and stress-free. The problem with renting is that renters will miss out on future capital gains from owning their own property and be victim to constant rent increases. So what’s the solution to this dilemma? It would be best if you found a place where the mortgage is cheaper, enabling you to save up for a deposit to buy a property and rent that out. Using the “B & R” model, the tenants will pay 70 to 80% of your mortgage, and you’ll get considerable tax benefits. Once you understand the concept of the “B & R” model, you’ll be able to buy 2-3 properties which will enable you to refinance in the future, and then you can buy your dream home.

What are the five steps to becoming a multi-millionaire?

1. Realise the importance of owning a property because this will affect your future and the future of your next generations. If you understand this, then everything will fall into place.

2. Owning a residential property is not just about owning a home; it’s also about wealth building and buying property as an investment.

3. You need to understand leverage – how to use the bank’s and other people’s money to make you rich.

4. Time is very important – buying a property is like raising kids; give the kids enough time, then they’ll all eventually grow up. They don’t grow up overnight! It’s the same with property investment; you don’t become rich overnight; it takes time to build wealth. It’s better to buy at an early age to earn considerable capital gains on your property. Don’t hesitate to buy a property; every time you wait, you miss out on the opportunity of becoming financially free.

5. Buy a property as soon as possible. The key to financial freedom is to buy, don’t shop around – if you keep shopping around, you’ll never start because you’ll never find the perfect property that will reach your every expectation. Just follow my advice and purchase a Sydney residential property – give it enough time, and you’ll end up the winner in life.

Real,Estate,Market,Crisis,With,A,House,Sucked,Into,Debt.

5 Critical Habits For Developing A Millionaire Mindset

Thousands of people worldwide dream of becoming a millionaire one day. It may seem too ambitious, but there is nothing wrong with having such a dream. However, as we all know, it is easier said than done. We can all dream of it, but only some can achieve it. Your journey toward financial success will be challenging, but if you know the formula, your goal will be possible. Here are five ways on how to develop a millionaire mindset.

Visualize and Claim It

If you want to be a millionaire, the first thing that you have to do is to claim it. It would be best if you were focused on your goal and visualize it. I can do it, and I will do it – this should be your way of thinking. It would help if you always stayed positive. Emphasize the things that will happen once you have accumulated millions of money. Where should I go? What should I buy? What business should I establish? Thinking about these things will help you not to lose track of your goal.

Surround Yourself with the Right People

Your external environment will also have a huge role to play. With this, if you are thinking of how to become a millionaire, choose your friends wisely. Be cautious about the people around you. Stay away from those who will drag you down. Be friends with people who will encourage you. Look for inspiration. By being surrounded by millionaires, you will be more motivated and gain insights that will help you achieve your dream.

Invest Your Money

This is one thing that may seem basic yet is ignored by many. To be a millionaire, you must know how to grow your finances. Do not just spend it on anything. Choose where to put your financial resources carefully. It would help if you were brave enough to take risks but make sure that every move is carefully calculated.

Never Stop Learning

Invest in yourself. Read books. Enroll in online courses. Attend seminars. These will provide insights on how to be rich, including financial strategies that can prove effective. Learn everything that you need to know about the market and economic fundamentals.

Rise Up From your Failure

If you fail, this should not be a reason for you to give up. If you want to be a millionaire, you should consider failures as opportunities for learning. Ask yourself about what went wrong, and more importantly, what can be done to prevent failures in the future.