Investing in real estate requires making business decisions. It pays to be financially savvy to run a real estate investing business. Investors are also susceptible to burnout and mental stress. The number of deals and numbers you have to think about...
Investing in real estate requires making business decisions. It pays to be financially savvy to run a real estate investing business. Investors are also susceptible to burnout and mental stress. The number of deals and numbers you have to think about in your business can exhaust you physically and mentally.
Your ability to balance your life's pillars will give you the strength, courage, and enthusiasm to show up every day, both personally and professionally. It's all about building wealth while also taking care of yourself.
During this episode, Aqui Daps shares how financial literacy is essential for making educated economic decisions, especially when it comes to your personal and business finances. As someone who grew up in a family with a 'taboo culture' around money, she now initiates conversations with her family about it. Early on in a child's life, she recommends setting up a positive mindset about investing and saving.
Also, she emphasizes how to be good stewards of the wealth you are creating and how to handle daily money management in running your business.
If you're looking for an investment portfolio to focus on, Aqui suggests and talks about land development. There are a lot more opportunities available than you can imagine.
She touched on the importance of self-care to stay strong and resilient as you run and manage your business. After all, what is wealth if your health is failing you?
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What you will learn from this episode:
Aqui Daps is a lawyer, real estate investor, and personal finance coach. Along with her husband, she built a real estate portfolio that consists of land, single-family homes, and multi-family/apartment buildings. She is also a lender and invests in the stock market, investing in over 1000 shares in the market annually.
Aqui is also a co-founder of the Women's Investor Network Canada (WINC), focusing on bringing together women from different backgrounds and walks of life, working together and empowering one another to level up and succeed in real estate investing.
Connect with Aqui Daps:
03:28 - What she's mostly known for, and one interesting fact about her
04:51 - How the 'taboo culture' of talking about money has affected her in making an informed financial decision.
07:29 - What made her start Financial Savvy Girl and how she imparts financial literacy within her household
13:55 - Bridging that wealth gap with financial literacy
15:53 - Valuable tips for managing daily finances, creating a significant amount of wealth in real estate, and being a good steward of money
18:47 - Due diligence is everything
19:47 - The most important step of your acquisition
22:59 - Becoming the 'Silent Assassin' [how representation is vital
in empowering the minority sector in society]
29:23 - Making a strong interplay of her health and wealth journey [ talking about her coaching program, 'Fit and Wealthy']
32:36 - Finding balance among your pillars in business and personal life
33:55- The strategy behind land development
39:00 - How to implement the strategy behind land development with the prevailing market
40:49 - What's coming up for her in terms of deals and projects
"Financial literacy allows you not just a seat at the table but makes you an active participant where you're now telling others what you want your money to do for you. And there's nothing more powerful than being in that position." - Aqui Daps
"As you are investing in real estate, first, find the strategy that works for you and get really good at it." - Aqui Daps
"Sometimes the best deals are the ones that you don't end up closing on because if it's a headache from the get-go, it's probably going to be added later and will cost you instead of allowing you to make money." - Aqui Daps
"As you grow your real estate portfolio, do not neglect your personal finances." - Aqui Daps
“I always say the most important step of your acquisition when you've acquired new property is the stabilization phase. That is the time where after you've closed, you are now implementing the strategy that will allow the property to be what you have imagined it to be.” - Aqui Daps
"When you put yourself last all the time, you only give from that emptiness of yourself. It's about reclaiming yourself, and being the best version of yourself, not just for you, but for your loved ones." - Aqui Daps
"One question that people often ask me is, how do you do everything that you do? I strongly show up for myself in the morning. It's about knowing your priorities, setting yourself pumped for success every day, and moving your body is definitely a major part of that." - Aqui Daps
"Your pillars in life must be balanced for you to find wholeness and happiness." - Aqui Daps
Connect with Mario Griffiths:
Connect with Ron Christopher: