Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
John Kenneth Galbraith

Before I outline real estate's power to help you achieve your dreams, it is important that you understand how I define wealth. I don't define wealth as an adjective to quantify someone in terms of their net value (millionaire or billionaire). Wealth is simply when passive income exceeds your expenses. In other words, someone is wealthy when their assets or investments generate enough income to cover all of their living expenses. For example, the interest that is credited to your bank account each month isn't a result of any work (in the traditional sense) by the account holder. No matter how small the interest payment may be, every month it gets put into your account. You didn't "work" for it, but it is your money. This is what is meant by letting your money work for you. If your monthly living expenses were $2,000 and the interest you earned from your savings account was also $2,000 per month, then you would have achieved wealth. By not having to rely on a job to pay your expenses, you have become financially free.

Most people do not have enough money saved to earn the interest necessary to cover their living expenses. So how do you create a passive income large enough to allow you this financial freedom? You must buy assets that produce enough income to exceed your living expenses. An asset is anything you own that produces cash; a liability, on the other hand, is anything you own that takes cash out of your pocket. For example, a shiny new car with a shiny new monthly payment would be a liability because it takes money out of your pocket each month to own it. A property that you rent for more than its mortgage payment and expenses is an asset. Instead of it costing you money to own, it actually creates income. This is just one example of the many ways in which real estate can create wealth for you.

Wealth is really another word for control. You are wealthy if you can wake up and do nothing all day, every day, while your assets produce enough money to cover your expenses. You are wealthy when you control your own life, when you decide what you do day after day soaking up sun and sand in exotic locations, staying home to raise your children or having time to pursue your own interests and hobbies. Wealth is having the time and money to do whatever you want whenever you want to do it.

Michael Pratt

Our team's diverse backgrounds and investing experiences include a high school teacher, a college drop-out, an MBA graduate, a waiter, a secretary, a real estate agent, a banker and a stay-at-home mom. Despite our diverse backgrounds, we shared a common, life-changing event; we all made the decision to truly change our lives. Although our starting points couldn't have been any more different, we each discovered that our journey toward financial freedom began with real estate.

Most real estate investing "gurus" offer a "one-size-fits-all" approach, providing generic ideas and uncertain results because their philosophies fail to consider individual experience and circumstances. Our personalized approach, the understanding that each of us has a very unique background and set of circumstances, is what has made MyreiTeam?s system so effective.

After years of learning "the hard way", we are now living our dreams. The high school teacher now has the ability to spend more time with his most important students, his own kids. The college drop-out is retired and enjoying exotic fishing and hunting trips. The waiter is now waited upon, vacationing and skiing in the world's greatest resort towns. The MBA grad and banker own their own real estate investing firm and the secretary now manages her own employees who are devoted to her real estate empire. The stay-at-home mom has moved her family into a luxurious 8,000-square-foot scenic mansion.

All of the wealth and success we have been enjoying has been better than we could have dreamed. But even more satisfying and phenomenal was the rate at which the Personalized Investor Matrix? was creating wealth for our friends and family who were using it to get started in real estate. Now we want to share this revolutionary approach with you. Our powerful, personalized investing system is now at your fingertips.

MYreiTEAM is exactly what it says, your team! We are here to provide you with all the help and support you need to succeed. If you have investment questions, need some support or motivation, or if you just made an exciting deal and just want to share your experience with somebody, post your question or experience on the My REI Community board. One of our team members will quickly respond to your question with expert advice. The point is we are committed to your investment success and are excited for the opportunities that lie before you. Welcome to MYreiTEAM!