May 2, 2022

Learn to Invest like the Top 2%

Learn to Invest like the Top 2%

Monika Jazyk is a wife and proud mother of four wonderful, yet expensive, children. After the completion of her master’s in teaching and birth of her eldest son, Monika chose to stay home with her growing family, sacrificing income of a full-time wage. To create monthly income to be able to fund immediate and future expenses for her children, Monika and her husband Vaughan chose Real Estate as an investment vehicle to create extra income and build long-term wealth. 

They have created a successful Real Estate Portfolio consisting of Buy Rent Hold properties allowing Monika to stay home to raise her 4 children while assuring all their immediate and future needs are met. 

Monika is also co-owner of RPI Education, the world’s fastest growing investment community and is on a mission to help everyday people invest like the top 2%! Monika is passionate about helping other people create wealth through Real Estate and alternative investments so they can reach their financial and personal goals. 

To date RPI Education has assisted thousands of people across the globe to build wealth and create time, money freedom in their lives. 

Monika spends her days seeking joy in everyday life through travel, philanthropy, friends, and most importantly, family.  

www.rpieducation.com


Contact info

🌐 https://www.rpieducation.com

📧 info@rpinvestments.ca

 

Social Media

Twitter: Express yourself: Users rejoice as Twitter finally adds emoji  reactions to DMs - The Economic TimesRPI Education

RPI Education

Real Property Investment Education

RPI Education

 

Transcript

Host: Welcome back everyone to another episode of the No BS Apartment Investing podcast and I am your host, Marc Cesar. And on today's episode, we will be talking to Mrs. Monika Jazyk, who is

Wife, mother of four wonderful yet expensive children. She is also a real estate investor and educator. And today she will be talking to us about the intricate details when it comes to investing, how she helps people invest in real estate both on the active and passive side. And she will also share with us her war story that she's endured throughout her journey of investing. And I find it a very interesting one because there's a large amount of zeros behind that war story. So I'm looking forward to hearing it and sharing with you guys. So without further ado, Monica, welcome to the show. Thank you for being here with us.

 

Monika: Thank you so much for having me.

 

Host: My pleasure. So let's jump right into it. Can you give us a little bit more background on who you are and what it is that you do in your day to day.

 

Monika: Absolutely. So I am my name is Monica Jazyk. I'm a real estate investment specialist and wealth builder and founder of RPI Education, which is the world's fastest growing real estate investment community. And we are on a mission to help 1 million people across the globe start investing different. So we're really committed to filling this wealth gap that is experienced in society today, especially amongst the middle working class people. And if they just do things traditional investing is no longer working. I've personally learned this myself by doing things the traditional way. It really held my husband and myself and my family down for several years. By starting investing in real estate and really learning how to do it the nobs way, the real way. We really figured out how to switch things around for our family by thinking, acting, and investing like the top 2% do and now achieving the results of becoming part of the top 2%. So rather than staying there and just enjoying our wealth, we've decided to help other people who are from the same situation that we were in to really just give them some simple tools, systems, and tips that they could start implementing immediately and they too can be part of this top 2%. Everyone can be part of the top 2% if they just start doing what the top 2% are doing. That's what our mission and RPI really is.

 

Host: Awesome. So, the top 2%. Can you elaborate a little more about what that is and how did you come about creating the system around on the top 2% per se?

 

Monika: Absolutely. It's funny because there's so much like lingo and language stuff used in the world today. Whatever. Sometimes I want to kick myself for saying the top 2% because that is a BS word. Sorry, on Tune with your podcast here. It is sort of like good for you for calling me out on it. I could see top 1%. Some people say the uppercruster. But you know, in reality, the point of it is the people who are in experiencing wealth issues today are primarily in the middle. So the people on the very bottom and the people on the very top are not experiencing what us everyday middle people are feeling. We're the ones that are really carrying a lot of these burdens in society. We're paying the most in tax. We're working for our money and trading time for money. Our money is not working for us. And anytime there's a recession or a pandemic or anything that happens, you'll notice the bottom aren't feeling at the top, aren't feeling it. It really is all up. So the top 2%, in my definition of the top 2%, are the people in society who won. They know they're all investing in real estate. That's one thing they know real estate is the number one wealth builder. So that's one of our primary messages at RPI education. Real estate is the number one wealth builder. They're not trading time for money. So one thing, one question you want to ask yourself is how much money would you make today if you stopped working? How much money will be coming in? And that's the number one indication of wealth. The top 2% know how to create multiple streams of income and they're not treating time for money. Their money is working for them rather than them working for their money. The top 2% also understand how taxes work and how not to lose all this harder money in the investments and taxes. They also know how to set themselves up properly using corporations or LLCs or how to structure themselves. Where the everyday middle working class. We like to own everything, it's mine. Whereas top 2% really don't own anything. They also have a better understanding of insurance, how insurance products work, how to create legacy and set up estates correctly. Whereas a lot of us everyday people are just so busy working and trying to keep up with affording things and the pace of everyday life, we just don't have time to keep our mind on our money. And the top 2% do. They're consistently managing their money and they also have a very different money mindset of the way that they look at money than the everyday working-class people. And I know because I live, I'm from that, I'm an everyday person, I'm from that. Like when my husband and I started out, we didn't know what the heck we were doing and all I knew was I wanted to be a stay-at-home mom because I finished my master's degree, and we had our first son, and I didn't want to go to work full time. So, we had to figure out how to live on one salary. And we live in a pretty expensive area. I put these finances at the forefront. And I'm like, I'm going to learn how many works. I don't have like a business background or degree. I'm not an economist. I don't know anything. I'm just like normal person. And I have the same education that most people have about finances. And when I sought out the education to train myself, I was learning from these traditional financial so-called gurus and I'm trying to save my money and make my coffee at home and live on less, spend less, and we're miserable and we still weren't making enough money. And we really realized that with these conventional investments that we were given, which was like the term life insurance policy, the first to die policy amongst our returns for our kids education funds. And then my husband's matching program with this group employer. I mean, if we continue to set that money aside and invest in these types of traditional products, I realized we'd never be able to afford to retire and we'd never be able to afford to help pay for our kids University education. And if we wanted to get out of that day to day, hand to mouth still were negative every month, even though my husband was making great money, but he was taxed a large portion of it. The only financial plan was for me to go to work full time.

And so if it just takes two people making pretty good salaries just to be able to retire and to help your kids out and to afford to have housing in this world, what kind of society is that? So rather than accepting that, I think said no BS, this is BS. I'm stopping the BS. I'm going to figure out how to do things differently. Because when 2008 came, we had negative signs in front of our returns. We really knew that really made us start paying attention. Before that, we just set it and forget it and we just hoped the money would be there. So when we realized that was a problem, that's when we really realized we got to do something different and it was real estate, really, which is the way to go.

 

Host: Wow, that is powerful. I definitely like that. One of the things that you mentioned is the top 2% don't fight to claim and own everything. They own nothing. They control. And I think a lot of the people in the middle and probably I would say towards the latter, the lower class as well, they fail to realize that ownership doesn't mean anything. It's how much you can control. And as much as you can have control of certain things, you're in the driver's seat, you're in a good position. So I definitely like that energy that you portrayed there. Now with that said, you definitely alluded to you learned how money works. Can you give us a recent office of what did you learn and how can people learn about the way money works to sit in the driver's seat like you are now?

 

Monika: Well, that's largely what we do at RPI is a lot of these educations on how the money works and the number the first thing that I learned. And I love Robert Kiyosaki, the Rich dad, poor dad. I am like his number one fan. I'm sure you probably are, too. So we could share our number one fan spot position here. But it really was his book that really helped spearhead them. It gave me a total 180 on finding it won't teach you how to invest in real estate, but it will show you why real estate is the number one wealth builder and really challenges. And I've read all his stuff and follow his podcast. I love how he really challenges the status quo and what the information that we're fed and why it's so dangerous. And the number one way of how money works is knowing the difference between an asset and a liability. Okay, so that is one of the main things. Our society is just so confused and backwards in regards to money that they don't even know the difference between an asset and a liability. What's the point of looking rich and looking good if you don't own anything?  I don't mean don't own anything in the way such as. Own anything. Like I just said in a sentence ago, the top 2% don't own anything. I mean, you literally don't own anything. Like you don't have a house, or you don't have any of your money working for you in any of these. The first thing that people need to start doing differently, they need to figure out what our assets and what are liabilities. So, assets are things that put money in your pocket every month. Liabilities are things that take money out of your pocket every month. So, people will spend a lot of money on a car, but they won't spend a lot of money on a house. And they'll have a fancy car, but the renting, well, you're going to live in your car if you lose your residence. So that's one huge misconception. And people think that cars are an asset. And if you look at a traditional net worth statement, it will tell you that it is. So, on our net worth statement, we have this in the RPI Wealth Finder. And I hate showing it. And I always explain to our students, too, it's going to say all these things. Like even the whole network statement structure is skewed because it talks about your car, first of all, which is a liability. It's not an asset because if you have a car, a $30,000 car second, you drive it off a lot. You're lucky if you're going to get $20,000 for that and two months later, you're not even going to get ten. And if you're a dire situation or you're really going to be hunting for the best thing of your car, if you're repoing your car, it's pretty bad. So, the chances you're ever going to do that, I don't even know why people even count that, because that is a depreciating and there's liability. They also have your electronics, your jewelry, all these sort of things. I could take all this jewelry and these jewels and put this on this net worth statement. It's not really make me any richer. So these are all the things that the traditional thing in the net worth statement is going to make your networks go up. Whereas reality, rather than worrying about stuff, consumer items and owning stuff and spending all your money on these things, what you really should be worrying about is owning assets that make money for you while you're sleeping. That's what people need to start focusing on. The second biggest mix up is your house is not an asset. It is a liability. Most people are basing their house, now, these people are ahead of the people who are just renting. Everyone wants to buy a house, but you can't stop there. Most people stop there. Your house can be an asset. If you use your house to make yourself money. If you rent out a basement or you rent out the rooms, if you strategically leverage and take money from your house and you figure out how to buy an investment property, these are ways that people slowly need to start building their net worth, that they don't teach us in school. So they just say, your house is fine. Just pay off your mortgage as fast as possible. So all your working years, you're not saving. You're just paying your bills, going back to work, trading time for money. And then you pay off this mortgage. Then what? So you pay off your mortgage, still have house insurance to pay for every month?

 

Do you still have taxes to pay for? Do you still have Hydro? Do you still have electric? That thing is still going to cost you money every month, but people think that's enough also when they retire, they're assuming that this house is going to be valued what way? Whereas sometimes markets drop, and it can take years for them to correct themselves. So, without knowing not only how to take your house and turn it from a liability into an asset to really get you started that's one thing that people have to know but also how to continue to use their house to leverage for further and further investments and this is what I mean the top 2% just understand these concepts most people in everyday education their eyes glaze over they say it's too confusing and a confused mind does not act so they keep going back to doing the same old same old every day they accept their currency situation as the way it is and they just keep themselves complementalized in the have nots when they should be in the haves there's the haves and the have nots one day in my next life maybe I'll be richer.

 

Host: That is amazing because I'm probably Robert Kiyosaki’s number two biggest fan. But the one thing that I definitely agree with you, that if it's not producing you any additional income, it is automatically a liability. And I think that sums it all up. That entire book for those who don't want to read it, I just gave you the golden goose right there, as well as Monika, if you buy something and it's not bringing you any additional income that you did not have to work for, it is automatically liability and it has no value at the end of the day. And I think a lot of people who don't have that specialized knowledge or want to learn something new, as you mentioned, they think they'll say, hey, my house, I pay the mortgage off. And as you mentioned, people forget that you still have utilities, that got to get paid. You have to pay for the taxes, you got to pay for this and that, and you still have to work to pay it. So, is it really an asset to you? It's really not. So, it's a shame that a lot of people don't know that. But thank goodness for RPI education, which is out there to educate people on the value of money, how money works and the most important thing is how you can make your money work for you and not the other way around. So, I appreciate you sharing that, Monika.

Outside of the traditional way of real estate or doing things in business or real estate per se, what are the unconventional methods that you have found that have worked for you, you or your students to help you grow your net worth, to help you gain more assets and gain more control over assets opposed to just simply ownership?

 

Monika: That's a really great question. And I actually just completed this webinar where I show people how we grew our net worth from $336,000 with an income of like negative $63 a month, that's what we were getting before, and we were just homeowners doing things the traditional way to an income of almost $20,000 a month and $4.5 million in just five years from just owning three properties and doing these things that we show them in RPI education. So, the way when we walk them through this and sorry if anyone jumps on this webinar if I'm kind of rooting it for you, but I just want to show people how simple that is and this was results obviously from a long time ago but I like to just simplify things and show people how everyday people don't have to be a full time real estate investor to do this. Just like you don't have to be a full-time real estate investor to invest in apartments.

You just have to know who to invest with so you can get the same returns that people who are investing in apartments are receiving. It really is all about the education. So, we really show them how to do this. Showing a how to a comparison. Basically, how we started out just trading time for money that was our only income and doing these things. The traditional savings methods to some other things we did aside, we bought the three properties, and this example just shows how $375,000 properties can help you grow. I think that grew the net worth from I think it was $336, I think it was up to $1.2 million after the five years. Because after what it does is with the mortgage pay down someone else paying for your mortgage, your net worth will increase and go up and up and up but you're also getting extra residual income every month. We also were self-directing our registered funds. Most people do not know that you can self-direct your 401K. They don't know that you could self-direct your kids’ education funds. And these savings funds, I think they're stuck in these low growth products. You could take out your 401, your IRA, you could take your kids’ education savings and any tax-free savings accounts and invest these in passive investment opportunities like apartment buildings, like self-storage. And you can choose a land like anything. You can even do an Arms leg mortgage and loan it to someone else. As long as you understand how it works. And it is very simple. It does not mean dissolving the registered accounts. You're going to accrue huge tax penalties. It's simply about learning how to choose your investments. Like if you love real estate and you don't have the time to do a lot of it, like I personally don't buy any more apartment buildings anymore, especially larger units. I cap myself at a specific unit, but I'm a passive investor all day long in other people's apartment syndications. And we show other people how they can grow their money and get amazing ROI on return on investment just by even using money they already have, and they just weren't growing it properly. So that's another really exciting way to grow your money. The infinite banking concept is a huge way that people can actually buy their net worth while you're building your net worth. So, at the end of the that's where you get a large prep really bumped up our net worth is by buying a million-dollar policy. I did and my husband did. And these aren't hugely expensive plans either. But the interesting thing about these policies is immediately that bumped up because of the cash component of the policy. That bumped up our net worth immediately by $2 million. And every year, as investors were able to overfund our policy.

So that means I'm able to invest another $36,000, he's able to do $36,000 every year. We do that, and then we're able to pull our money right back out again. But it also grows our million-dollar policy now to $1,150,000. And as we repeat that, because we're investors, we have active investments going in and out, we can plan our real estate for these different injections every year. By the time that we pass this policy down, we're going to have a $20 million policy to pass down to our kids when we're dead. I hate to say that's many years from now, but as it snowballs, so a lot of people can also get access to capital. They can also build their net worth and with the infinite banking and create and perpetuate wealth for themselves, they can use it now and also for future generations. That's another way that people can really start building wealth today and combine all these ideas together and I think we already spoke about the strategic leverage, because even if I wanted you guys to go out and buy three $375,000 homes, we've got to be realistic here. The contribution amount that you're going to need is $81,000 for one of those houses. And if you don't have that, well, don't be surprised. I didn't either. And that's where the personal residence comes in. And that's where knowing how to utilize other assets and people are richer than they think how to borrow from that. But you need the professionals to help you. This DIY culture is killing people because everyone's running around and they're a plumber, an accountant, a lawyer, a parent, a soccer coach. Are they going to be a heart surgeon next? Are you going to go and do heart surgery on yourself? You don't do that. So why are you trying to figure all this stuff out? And I don't figure it all out either. I merely connect to people who helped us create these results. And I really operate really as a connector to say if you're in the South Carolina area, but we have a team there that can be connecting people to help you give you that personalized advice, what your specific situation is and what it is you're looking to achieve. So, people need to start taking control of their money by increasing their knowledge base, not to become professional, but just to have an intelligent understanding and general understanding of how things work. What do you need to know to get yourself to the next level? That's all that matters, really, and make sure that you're really protecting your hard-earned money as well. And you're involved in the process. You now have a wealth team just in the top 2% would oh, I don't need a top 2% like wealth team. That's for the rich people. That's for the has and I'm a have not. Everyone needs a wealth team. Everyone needs an estate plan. If you're alive, you are your own estate.

So, I just want everyone to know that no matter where you are, no matter what you've done and no matter where you want to go, you can change your own financial destiny. It does not take a Harvard education and financial planning or financial literacy for you to really, truly make a difference in your life today, you can be the master of your fate no matter where you're at or what life is even thrown at you. And this is where my passion comes from, where I love going in and talking to people about this and really telling them because people psych themselves out all the time and they're just like, oh, yeah, it's for them, not for me. And they're accepting the cards that life has really dealt them. They get specific cards. I think this is all they're left with. This is how you play your cards. So, my advice to everyone is if you've woken up this morning and taking a breath left, then today's another day and it's time for you to hit that reset button.

 

Host: That is truly powerful. I'm not a gambling man myself, but I definitely do not just hold the cards that are dealt to me. I just play them. You never know. Even if you're just going to play on luck, you might like when you might lose that lead. You took some form of action to change the dynamic of your situation that you're presently in. That is amazing because I totally agree with what you're saying. We live in a generation where everything is very cookie cutter. We accept the fate that is ahead of us. I believe it stems from not knowing and the generation before us did not know. So, they just pass it on to us. But we do live in a very technological world where everything is at the palm of your hand, at the click of a button.

 

Monika: Everything is perfect. May your life be as it is on Facebook.

 

Host: Yeah. And that's what we're looking to democratize, where it's not always perfect, it's not always rainbows and unicorns. There are hardships along the way, but there are people who have gone through similar, if not worse situation than you have, but they made it out. You want to connect with those people. If you feel like if you're at a point where I don't want to be in poverty anymore or I don't want to have to work for a dollar in exchange my time anymore, there are people like Monika who are out there who has that specialized knowledge. Hey, Monika, I heard your story. Can we talk about how did you get out of it? And I'm pretty sure Monica will tell you, hey, RPI education is a great way, but of course she'll tell you that this is what I did, these are books that I read that help shape that mindset for me to be where I am now compared to who I was then. So that is very powerful, and I appreciate you sharing that. Now I know we're talking before the podcast, before we hit record, you mentioned that you have a book out. Can you detail a little further about that book, if you don't mind?

 

Monika: Well, that book, this is an old book, though. It's Real Estate Mistakes, our mistakes your success. And this book, I think it came out I don't even know how many years ago. I think it was pretty early on. It was after we survived the early years of our investment journey, because when we finally wanted to do something different, then we had no one to help us. And which was tough because today coaching is everywhere. There's Reia clubs everywhere. We didn't have any and we know when we knew was doing what we wanted to do. And we ended up over investing one of those expensive courses. We were like in the hallway maxing up the credit cards and doing all those tricks, but we took it very seriously. And we've had to figure out there's a lot of great information, but it was cookie cutter advice that we really had to make ours. And because the price tag was so big, it was about a six-figure investment and we just really had to go in debt to even get to this point for education, we actually over implemented. So, we were doing all these random courses in so many different things, like wholesaling, flipping, apartment buildings, commercial investments, land development, all these different things, rent to own. So, we're like, oh, my God, we have three kids at that time and what are we going to do here? We do not have this money. This is money out of our children's mouths here and we're like taking that risk, like you said, and we got to do it. So we were over implementing. We did too much, too soon, and we were just doing investments all across. I think we did over 100 investments our very first year because we were assigning a lot of contracts and we are putting in all these offers everywhere, and we are just doing this totally full time, it was me alone actually, with these little kids and I was not being a full-time mom, that was my biggest mistake. I just thought I was real estate investor extraordinaire, my husband was working crazy hours and then doing real estate all night long, and it led to almost a million dollars in mistakes. And while we were making more money than we ever thought was possible, our mindset was also all over the place and we were losing money and we didn't even realize how much we were losing because we didn't even know how much we were making that makes any sense and taxes certainly weren't interesting, which is probably why we had like nine unfiled returns and I was running around and thinking I was the best person ever, until finally actually met a coach in a mastermind who actually called me on my BS and said, lady you’re joke, what you doing? Everyone else thought it was so great and, I mean, the amount of deals and self-importance and stuff we had, we were stuck in this inflated alter ego and you hear so much of it, come and learn from me, I have 500 properties, or I have 500 deals or, you know, this is all about me and what I do and it's so easy, and it's not. It's a tough industry and when you don't have support, it's even tough. Like, where was my coach when my development project was up in smoke? And it really took a lot to scale back from what we were doing and take a less is more focused approach. But when we were able to do that, that's when we really achieved the true financial success because we were ignoring all these other wealth keys and just focusing on the real estate. We were ignoring and the strategic leverage that we were doing was not strategic leverage, it was just leverage. People are obsessed with using other people's money. What's wrong with using your own money? If you believe in your investments, there's absolutely nothing wrong with that. And if we could get another people's money deal that took precedent over again, getting a good deal, if that makes sense. So, with leverage, I mean, you have to know exactly what it is in real estate, what you want to do in the first place. Why are you doing this? What is it you want to achieve and what is the best strategy to help you get there? And if you don't have the time to do it yourself and be a full-time real estate investor like we are, then who can help you get there? And quite often, this is sort of like why people turn to financial advisors is to really, they're supposed to be setting their goals for retirement and kids, education, savings, and with the aim of getting their money to a certain point. Well, our goal at RPI education is rather than just doing the set it and forget it kind of thing, they collect their Commission and they're poof off to the races and you're kind of on your own with that hope and prayer strategy, hoping those numbers are there that day, that you actually learn about these different ways that you can grow your money and you're involved in the process without having to do it yourself, but then you also have someone involved along the way and if they're held accountable to make sure you're on track to get what it is you need to get. So rather than having to solve these traditional investments that no longer work, we want every single person across the US, across Canada, UK and Australia to have real estate in their portfolio, even if they're not a full-time investor, to understand how strategic leverage works, not to be losing all that money in taxes, how to incorporate insurance correctly to build wealth. And that's what we want to be talking to people about across the kitchen table, rather than just these really basic advice that people have been given up to this point, which has really led to this wealth gap, it's led to the dissolution of the middle class. And there really isn't. People who are in the middle working class, they have to make a choice. Are you going down or are you going to go up? And when you go up, it's not about the top 2% private planes being a hoity toity and all that sort of stuff. That's not what it's about. It's about understanding money, respecting money, and learning how money works. That's all that matters in this whole wealth planning, because understanding how money works and that you can be part of this. You are not beneath this. And financial planning world, they talk over people's heads all the time on purpose. So, you're dependent on the banks, you're dependent on these financial planners. Let's get the language down, cut out these fancy words. Literally, I sit here next to our exempt market dealers and all these people, because we do have and I'm sure you as an apartment specialist, are guilty of talking in acronyms and it sometimes goes above people's heads.

When we have, when we're doing capital raises, are showing people how they can invest in more sophisticated opportunities, I literally sit there beside the exempt market dealers and the people who are so inclined to speak high level talk and I'm like, they're ventriloquist. So, what he's saying is you can invest in this. And that's really what we're trying to, that's really what we're trying to achieve is really, rather than talk in this impressive language and over people’s heads, really show everyone what it really is that we're trying to say and what they can be doing to build well.

 

Host: Super powerful and you learn all that from I believe you mentioned a million dollars’ worth of mistakes. That is a lot of money to learn from, to lose and to learn from. But of course, learning is the name of the game and being able to help others not fall into that pitfall as well and lose that much money, it is very impressive how you bounce back and how you're not able to educate other people to not go through the same issue. Because again, this is the importance of having a coach, honestly speaking, there is a time to pay for paying for a coach. Again, we have free resources out there, but free resources can't get you. But so far, but now with the coach, the coach has already gone through all the pitfalls, they've gone through all the heartaches and they're helping you're able to help someone else not have a costly mistake, because again, mistakes are very costly, especially in the real estate game. They can cost you six figures and up.

 

Monika: They don't need to be made exactly. They don't need to be made. A coach, their job really is to introduce you just to some new concepts, but also give you a different perspective of your situation. It's those two-millimeter changes that can tow change your entire perception of a situation and steer you in the right direction and help you not make those mistakes.

 

Host: Correct? Correct. I do have a question for you. If you have to start like all over today with the knowledge that you have now, what would you have done differently that would have helped you avoid that million dollar

pitfall?

Monika: I love that question. I've never been asked that question before. That's why I love these unplanned podcasts. This is great. Okay. So, if I had to start all the way all over again today, what I would have started out with would have been, I would have house hacked our primary residence from the very start and I probably would have started in a not as nice as home as we started out. We didn't really start out in as much of a starter home. I would have started out in something that was probably had more like it would have been something we could have added to, such as that income suite. We have a lot of garden suites in our area. So, I would have probably rather than buying something that just has the one income and really all of our money because it takes a long time to create the equity that's built in your house. And we bought a really nice turnkey residence. That's what we could afford at the time, but we had a lot of money to put down too at that time. So, if you don't have a lot of money, you're actually further ahead than we were because we were a bit spoiled and comfortable in that regards. We probably moved into like a second or third home for people within the first. I would have bought our first home to add value to this home. So, I would either finish the basement or build a garden suite in the basement back or do both. Or maybe even buy a duplex, live in one half and rent the other half out. But I wouldn't buy a purposeful duplex that created a duplex, because what you guys want to do is you can either buy make money right away. But even better is to buy a single-family residence and convert it into two or three different units. But you have to be able to increase the value of that residence from, say, $300,000 to $600,000. And then from that $600,000, what you do is you get a new mortgage on that property. You can get up to 80%. You can pull all that money and pay yourself back for all your down payment, all that, plus you can have a nice six figure little sum there to hold in your hand right away while you're still living in your house, you're still collecting rent, and then you could go out and you could buy another income property with that. You could do the same thing again. Maybe this is the house that you really want to live in because you don't want to live in a triplex. So maybe in this one, you're going to go into your next house and you're going to fix this house up and live in it only for one year. So, it's like flipping a house and then living in it, and you don't get those capital gains as well. So once again, you've now accumulated another quarter of a million dollars in gains. So, you get all your money back again, plus this profit, and then you can go on to the next house. We never built from that point. And I always wish we did. I always wish we did. We had to go out and do it the hard way. We had to get the mortgage pay down going first, which is great, but the best way is everyone should always start with their personal residence. But if you can either add value, make sure you get the increased value and multiple rents don't live in your liability. Live and make your own an asset right from the start and build from that point.

 

Host: Great advice, great advice. And I think that is the best way as well. And I've seen a lot of people jumping into that strategy, which is house hacking. It is a great way to start investing, as well as just buying something, renting it, and then live in it for a year while the tenant pays that rent, jump out and just continue building through there. And by five years, if your goal is to make $10,000 a month, you should exceed that by far. So, it's definitely a great strategy that I highly recommend it's lots of people. Now what is up next for you, your company and RPI Education and investment?

 

Monika: Well, we just released our Wealth Immersion program. We do have coaching programs and different services. It's not the expensive coaching like we had to invest in, but not everyone really is ready for a coach. And the RPI Wealth Immersion program really walks people through these seven keys to wealth on an online step by step format, as well as inviting people to ask their questions live on a Facebook only members page and come to online events that we host every month, as well as online coaching. So, to actually get your questions answered live as well with a community of experts and other members from across the globe that are also trying to build wealth just like you. And on those calls, we're talking about off market deals, we're talking about situations happening in the market. We have intelligent conversations and people, if they just have any random questions that that they want to ask on in person rather than on the Facebook members page, they're welcome to do that as well.

 

Host: Powerful. Yeah. I definitely love the facet of your company and how very interactive it is. And of course, as a company, that where you guys are actually investing. We do see a lot I think you alluded to that earlier where we do see a lot of real estate programs out there, but a lot of these guys are not in the trenches or who are actually investing. So, it's good to always have a coach or a mentorship program where the founders or the owners are actually doing the same thing that they're teaching because you're getting the most realistic that in time education, because they're seeing what's going on in the market, they're studying the market, and they're passing that information on to you, which is a great learning curve. So, I applaud you and your company for that.

Is there like a time hack or how do you manage your busy schedule between being a wife, a mom of expensive kids, an educator in the real estate space, and as well as an investor, how do you manage your time and keep this oil machine that you built running smoothly without any crease or cracks?

 

Monika: That's such a good question. I'm so glad you asked that. When I was going through that book, like in that mindset I was in and the real estate mistakes, I was doing real estate 20 hours a day and I was not managing my time at all. I was never with my kids, and I was saying I was doing one thing, but I was doing another and part of restructuring my life really had a lot to his mindset and time management. So, I've invested in a lot of mindsets and time management coaching as well. That's one thing. And I really divi up my time. It's very valuable to me, which is one reason why I'm doing the RPI wealth merging program. And I coach in groups more so than one on one because I believe I can help in groups rather than the one on one because of my limited time with my four kids. They're a lot older now than they used to be, and they get busier. So, one thing I really learned is my kids were babies when we started this. Now my son's almost 18 years old and I have a 18, 16, 12 and 10, not even 9, 10. Everyone just had a birthday, and my two kids are in high level basketball. My daughter does gymnastics and competitive soccer, like my other son does Moi Thai and soccer. Everyone is everywhere, all the time. And so, you're right, I have limited time. So, I've chosen investments that actually do not require as much of my time if that makes sense. So rather than me buying apartment buildings, I'm now investing my money passively in apartment buildings and doing that. And we pick very carefully. We know exactly how much money we want to make every year from our personal portfolio, what our goals are and we only do that because we know how to do that really well. And a lot of our courses actually, like in our Real Estate 101 bundle, for example, we show people how to find great deals, how to find off market properties, but really also how to train your brain. So busy people like myself, I'm looking at about 14 different markets every day, first thing in the morning. And we walked off in the merging programs for our mindset training as well. I'm up at four every morning. I have my manifestations, my mindset, my readings. I get myself primed and ready and pumped. Every day I wake up, it's like Christmas. I jump out of bed like its Christmas morning, and I do my stuff and I analyze 14 different areas. Right now, we're currently looking at in regards to investments as well as manage our own portfolio, which is very extensive. And I do that with a clear mind. But I've created systems and methodologies that I can accurately assess these markets and know how to plan my next move and know how to plan our client’s next move, if that make sense. When people ask, what do you think about this? I know pretty much exactly what's going on in that component. But aside from that, I operate from an online calendar in which I create my whole day into schedules. And the first thing that I put into the schedule is my kid’s schedule. I'm never going to miss another kid's thing. I lost three years of my kids ‘life, the first time I was starting out as an investor. And good thing there are really little then. So, I put in all of their stuff in there first. So, if they have a basketball game, I'm there. If they have a talent show and they need a volunteer in the classroom, I am there. That's first and foremost. Second is health and fitness. If you do not your health, you have nothing. So, I also have a personal fitness coach, a personal trainer. We have all of that plugged in there. I also play tennis three to five times a week. And I also Zumba once a week. So, I love to dance, I love to play tennis, and I love to work out. Like, physical fitness is really important. It really gives me a very clear head so I can make very good decisions. And I put those in as well and treat those as appointments. I have a lot of personal appointments and everything after that in regards to work, it comes after my kids and after our hobbies, if that makes sense. And so, all the stuff is a secondary thing because otherwise I love my job so much, I love our business. I love what I do, I can easily work 24 hours a day and not be done and be still so filled. And you have to as an entrepreneur, and when you guys start up real estate investing, it's really normal to get really excited like we did and we just kind of ran away with it because all of a sudden it's just like we broke out of that box. We put the cards down, we grabbed a new deck. We were in charge of our life. And you could do this too. But just remember, sometimes even that can get away from you. And that's kind of what happened to us. So, you just got to determine what is it you want to achieve and how is it going to help you get to your end goal. And you know, it's kind of funny is that we do a lot of goals and goal setting, and I personally do a lot of goals and setting. I just reset for Q2, our personal goals and something was just kind of nagging at me for my goals, our business goals, but for our personal goals. And you'll never believe what I wrote down. In my personal goals. You want to hear what it is?

 

Host: I'm very…. inquiring minds are wondering.

 

Monika: I actually made a point of pulling out this old cleaning roster that I had, but I was just created this years ago just to clean my house every day. I figured out how you can clean your house every day in ten minutes, and you never have to clean again. And things have just I like to cook and I clean. And our cleaning lady went away with covid, and she never came back because I missed it. I like to take care of my own environment hands on. I like to be the person there with my kids, driving my kids. I like to take care of my house. I like to feed my family. I love that sort of stuff. My husband does that too, because I think that's really the most important thing. And it really goes back to what nurtures you. So, it's not only always about glam and glitz and all these bodies and all that sort of stuff to add in. It really is other stuff to really take care. It's an honor and a privilege that I can be home enough to clean my home, that I can work from home. And that's really what was missing was I was feeling out of touch with my environment because I was getting pulled back into lack of control of my time, pulled back from work. And let's face it, pull back from sometimes I just have too much fun because I could just play tennis all day, every day if I really wanted too. But even that's not balance. That's really not balance. So that's really what helps me. I treat everything like an appointment, and I'm very, very mindful of my time and where I spend my time. I do not take unsolicited calls. I do not plan things less than a week in advance. I could probably tell you what we're having for dinner six months from now. It might not be the most exciting life. I plan out all our vacations way before a year ahead. And I even clean my house before we go on vacation. When we come back, we're in a clean home and the board is done. We're just ready to hit the ground running. So, it's a busy life that someone's got to live it. And I wouldn't have it any other way.

Host: Wow. I thought I was on who did things like that. I'm the same way. If I'm going away for even if it's for a weekend, I'm cleaning every inch of my house. I live by calendar. Everything is laid out 30 minutes increment outside of the podcast. And people call me weird, and they look puzzled when I say, hey, if you need my time, get on my calendar. I send you a link to my calendar. Because again, I have to have control of my time. I can't control time, but I have to have some form of control of my time because again, they can get away from you if you just let people in and just take advantage of it. And by the end of the day, you're looking at, okay, where did my time go? And I hate that feeling. So I'm glad to know that I have…..

 

Monika: And we only have 24 hours. We all have the same 24 hours in the day. So where does it go? People say I don't have enough time. And I hate when people say to me, I don't have enough time. Like, I have four kids and a business. You're telling me that I don't have enough time? Like, okay, if I could do this, anyone can do this. So, it really is about not being reactive. Most people are reactive, and life just happens. And like business owners like you and I will have the same thing. So, start from 09:00 to 03:00. Even if we don't pick up the phone, how many things are going to happen to our life, our business that's going to need an immediate email response in that regards as well. And so enough. You have to always almost account for a few hours that are going to be dealing with these fires. Most people don't prepare for it all. And they're adding distractions, such as on social media, they're answering their phones on a whim, or they're letting all there's enough outside distractions to begin with. Get your early time in. If you're not part of the 04:00 club, join it. And I get my quiet time from four to seven. I get all my must dos in the morning, all my growth work done in the morning, anything that takes intelligence in the morning. Because by the time I get up, cold showering and out of the house to hit the tennis court and then get back, I'm just an appointments, appointments, appointments. And it's kids, kids. And next thing you know, it's a whole new day.

 

Host: Nice. And of course, with the social media thing, shameless plug. If you don't have a social media manager, that's a great way to empty up your calendar. Hire one. Hint, hint. Chontelle is a great one. It is so good.

Monika: Yeah. If you do not want to be doing your own social media, that's for sure. We have a lot of people that do a lot of stuff for us. And I could not imagine doing my own social media. I think I have four people doing my social media. It’s a lot!

 

Host: Nice. Yes. It's definitely needed because I tried to manage my own after a while and it just got too much for me. And I've had so many social media pages from LinkedIn, Instagram, and so forth. I'm like, you know what, thank goodness my wife, that's her hobby. So, I'm like, all right, you know what? I pass it on to her and she does a great job managing it. But yeah, definitely look to hiring something, someone to do that for you that takes out a lot of the guesswork and saves you a lot of time. Well, Monika, I do want to thank you so much for dropping so much insight and valuable gems on this episode. I, for one, learned a lot, and I'm glad to have someone that I was able to connect with for the first time, by the way, to our listeners, this is the first-time Monika and I connected, and I feel like we've connected for sure. And surprisingly, we definitely do think alike. So, I want to thank you so much for all your wisdom and the war stories that you shared. It was a pleasure having you on the show.

 

Monika: Thank you. Thanks so much again for having me.

 

Host: Most definitely entire listeners, all of the information, all of the links that Monica mentioned, books and stuff will be in the show notes. And last question for you, Monica. If people wanted to get in touch with you and connect with you, how would they go about doing so?

 

Monika: RPIeducation.com, you can book a free discovery call or even come to our webinar, which is seven most secrets of the Top 2%, which is a really cool promo bonus that's happening. So, make sure to click on that as well.

 

Host: Awesome. So, yeah, we will definitely have the wealth immersion program and the link to that program in the show notes as well. Be sure to take advantage of it and definitely connect with Monika and just get your free wealth strategy consultation session and see how she can help you redirect the path and find your financial freedom and earn your time back. With that said to our listeners again, Monika, thank you. And to our listeners, happy investing. Until next time, cheers.

 

Monika Jazyk Profile Photo

Monika Jazyk

Founder of RPI Education

Monika Jazyk is a wife and proud mother of four wonderful, yet expensive, children. After the completion of her master’s in teaching and birth of her eldest son, Monika chose to stay home with her growing family, sacrificing income of a full-time wage. To create monthly income to be able to fund immediate and future expenses for her children, Monika and her husband Vaughan chose Real Estate as an investment vehicle to create extra income and build long-term wealth.

They have created a successful Real Estate Portfolio consisting of Buy Rent Hold properties allowing Monika to stay home to raise her 4 children while assuring all their immediate and future needs are met.

Monika is also co-owner of RPI Education, the world’s fastest growing investment community and is on a mission to help everyday people invest like the top 2%! Monika is passionate about helping other people create wealth through Real Estate and alternative investments so they can reach their financial and personal goals.

To date RPI Education has assisted thousands of people across the globe to build wealth and create time, money freedom in their lives.

Monika spends her days seeking joy in everyday life through travel, philanthropy, friends and most importantly, family.

www.rpieducation.com