What is Real Wealth?
“The way we see it, real wealth means having the money and the freedom to live life on your own terms.” — Rich Fettke, Co-CEO of Real Wealth Network.
On this page you’ll find true stories, from real people, about the power of real wealth. Discover what it is, how to create it, and what it feels like to have it.
Rich Fettke Reveals How To Build Real Wealth & Why Now?
In this interview, Rich Fettke, Co-CEO of Real Wealth Network discusses the mission of Real Wealth Network, why he believes it has contributed to their success over the last 12 years, as well as what we can expect from the network over the next five years. Fettke also reveals why there’s no better time than now to join the Real Wealth Investor Academy, and learn how to build real wealth through real estate.
What is Real Wealth Network All About?
Rich Fettke: At Real Wealth Network, our purpose is to help people learn how to build real wealth. The way we see it, real wealth means having the money and the freedom to live life on your own terms.
We believe the best way to create this kind of wealth is to invest in assets that generate positive cash-flow. Buy and hold real estate is a great option for many investors, because the property you own can pay out positive cash-flow every month.
The result: you can have more time to focus on what matters to you most.
And that’s what real wealth is all about.
Why is it hard for some people to build real wealth? How does the network make it easier?
1 – Mindset
For most people, the biggest thing preventing them from creating real wealth is mindset. Primarily it’s the idea that the only way to make money is to work at it. So many people think I don’t have enough time, but this isn’t the case. If you want to make more money, you don’t have to work harder, you just have to work smarter.
2- Real estate education and connections
At Real Wealth Network one of our core values is connecting people– to other investors and to our affiliates. Our affiliates help members get the right price, on the best income properties, in the strongest markets, and they help educate new investors about how to buy the right property.
It’s really important for us to be able to guide individuals through the investment process so that they understand how it works. Our goal is to make new real estate investors financially knowledgeable by providing a safe space with experienced professionals.
3 – Access to property
Most people don’t have the knowledge or connections to find the best properties to invest in. People often ask things like…How do I connect with an experienced developer, or find projects that will make me 20% or 30% return on my money? How do I find wholesale prices, or property management companies that won’t charge me an arm and a leg for their services?
That’s where we come in and help. When people work with Real Network they get access to our network of investors and our affiliates. This type of community is invaluable for new and experienced investors because they see deals that most people don’t even have access to. Plus, our affiliates and their network’s often provide exclusive discounts to our members.
Real Wealth Network is all about helping people creating the money and freedom to enjoy life how they want to.
Why is teaching people how to build real wealth so important to Real Wealth Network?
Rich Fettke: There’s a really big misconception out there that the only way to be successful and wealthy is to work your entire life. This isn’t the case. More than anything, creating real wealth is way more about creating time than money. Shouldn’t everyone have the right to live life the way they want…to spend time with the people they love…to go after their most important dreams and goals?
We think so. And over the years, we’ve found that owning cash-flow property is one of the most effective ways to make it happen.
Do you think the company’s continual success is related to your mission of creating real wealth?
Rich Fettke: Yes, absolutely! We live our mission, purpose and values consistently. First of all, we only hire people that are in line with our values, which makes it easier to unify our team around a clear vision. We also hold annual and quarterly meetings, so we remain aligned, and focused on our purpose and core mission. This gives the team a really cool dynamic, allowing us to have better clarity about who we work with, and who our tribe is. RWN is about passive real estate investing, but our purpose is what sets us apart from our competitors.
What were the 3 big wins for RWN in 2015?
1 – Hiring six great new people
- Alice Kwong-Van Dusen: Alice is the producer of the Real Wealth Show. She’s been really helpful, making it possible for us to post a lot more shows each week. With her on board, we’ve increased the amount of regular listeners about 1600% since 2014.
- Aristotle Kumpis: Aristotle is an investment counselor who came to us with eight years of experience. It’s exciting because now we can help a lot more people one-on-one, which is really valuable for new investors.
- Tim Horvath: Tim has worked for Turnkey companies for several years, so he comes with a really unique perspective on the whole process. He is overseeing our whole affiliates and property providers.
- Jessica Conflitti: Jessica handles all of our SEO, content, and our Google Ads. This will hopefully make it easier for people to find us online, and help them find the answers to their questions online more easily.
- Marc White: Marc is our outsourced CFO. He helps us make sure our books are clean and follow general accounting principles, we can do more accurate projections, and we can continue to scale the company up with focus, effectiveness and simplicity.
- Jody Formica: Jody works in the office helping our bookkeeper and controller, Kelley, with a lot of the syndication compliance work.
2 – We defined and implemented our Real Turn Key standards.
Many companies claim to have turnkey properties just because it’s a buzzword. Buyers get excited thinking it’s ready for move in, just to find there is extra work needed. And then your “passive investment” turns into a whole lot of work…
Real Wealth Network really is a 100% turnkey passive investment company. And to further separate ourselves from the “bad guys”, we’ve created Real Turnkey Standards, which by using the acronym REAL, give investors the assurance of quality control.
3 – We’ve grown by 98% this year
I would say that our goal has always been a 25% growth in the amount of people that we serve, and in our overall revenue growth. We decided to set the goal at 25% because it’s manageable and realistic for business. This year we really took off. We had a 98% growth in revenue for 2015. This is a huge percentage climb not only in the amount of properties that we helped our members acquire, but also in overall network revenue.
Will the mission continue to be a primary motivator for RWN in the next 5 years?
Rich: Yes, definitely. For the year 2020 we have two primary goals:
1 – To help over 50,000 people build real wealth by providing affordable education through the Real Wealth Investor Academy.
2 – We also want to donate millions of dollars to people in need. We will do this by (a) reducing the monthly academy membership from $97 to $10 a month, and (b) by donating 100% of that monthly membership to the Real Wealth Foundation, a non-profit organization that funds organizations like Habitat for Humanity and Mentors International.
So, you donate all of my academy membership to charity?…what’s the catch?
Honestly, we figured if 100% of the money is going to charities that help the world, people will say … wow if it’s only $10 a month, AND 100% of my money is going to help people in need…it’s a no brainer, I’m going to do it.
If we’re right (and we think we are) we’ll accomplish three things:
1 – We’ll educate a lot more people at $10 a month, because we’ll be able to reach more people than we ever could at $97 per month.
2 – We have always wanted to give back in a big way and this means we can give back even more.
3 – We’ll have more educated investors who will be able to purchase smarter. And after they see success from the first one or two properties, they’ll come back and they’ll buy more properties over time.
It’s a win-win because educating more investors helps us move towards our goal of helping 50,000 people build real wealth by 2020, which will help the network naturally evolve into a much larger, more profitable company. At the same time this will allow us to donate more and more money to people in need.
Real Wealth Network sounds too good to be true…how do I know you’re legit?
Rich: That’s a really great question. If you do any background research on us, you’ll find that we’ve been in business since 2003, we have over 20,000 members, and we have an A+ rating with the Better Business Bureau, which isn’t an easy thing to do. If that’s not enough, I’d recommend that you come to our live events…meet our members, and ask them for the truth.
You know, there are a lot of companies out there that sing their own praises, but at RWN it’s our members sharing their results in an authentic and transparent way.
How to create real wealth with us, and why now?
Real Wealth Network is on a mission to help over 50,000 create real wealth — the money and freedom to live the lives they want — by the year 2020.
If you’re interested, we’d love to help you too!
1 – How to build real wealth with us:
Join the Real Wealth Investor Academy, and start learning everything there is to know about successfully investing in cash-flow real estate.
2 – Why should you start now:
If it’s only $10 a month, AND 100% of your money is going to help people in need. Plus, with the stock market spiraling down week after week, investing in cash-flow real estate is a no brainer. Why wouldn’t you do it?
If you’re interested in creating real wealth this year, start by joining Real Wealth Network free. Click the “join now” button at the top of the page to sign up today.