Welcome once again to The Million Dollar Relationships podcast. Today we are going to hear about the inspiring story of overcoming challenges with the great Rich Fettke! Rich is a licensed real estate broker and investor, former CEO of a large health club franchise, and past VP of the International Coach Federation. He oversees marketing and business development at RealWealth and is a Master Certified Business Coach. He is the author of several books and has been featured in media outlets such as USA Today, Entrepreneur Magazine, and the Wall Street Journal. Rich is also a Rich Dad Author, and Wealth Mindset Expert. He is passionate about developing his team and finding new ways to bring good people to the network. In his free time, Rich enjoys adventure sports such as bungee jumping, skydiving, rock climbing, skiing, and surfing.
In this episode, join us as we delve into the details of Rich’s journey, from his diagnosis of learning disabilities at 8 years old to his wife Kathy's drive to take risks to the couple's eventual founding of Real Wealth with over 64,000 members. We explore how Kathy's influence and support changed the course of Rich's life and business, leading him to overcome limiting beliefs and build a successful career as an engineer. We also discuss how Kathy was able to create a meaningful and profitable relationship through her willingness to seek out mentors and experiment with real estate investing and mortgage brokering.
Listen now to hear all about how this inspiring couple has achieved these incredible accomplishments together and the lessons we can learn from them about the importance of building meaningful connections.
[00:00 - 07:39] Overcoming a Difficult Diagnosis
· Rich was diagnosed with the hyperkinetic disorder when he was eight years old.
· Rich's diagnosis caused him to develop a negative self-image, which he had to overcome.
· Weight training helped Rich develop willpower, discipline, and focus, which he applied to his educational goals.
· Rich's passion is helping people overcome their limiting beliefs and live their best lives.
[07:39 - 14:42] Honoring the Woman that Changed Rich’s Life and Business
· Kathy, Rich’s wife, is the person who had the most profound impact on his life and business.
· Kathy's ability to take risks, make connections, and see deals in real estate helped them grow their business significantly.
· Despite not having the money to pay for the event, Nick still attended and met lifelong friends.
· Rich was diagnosed with melanoma, a skin cancer, which doctors believed had spread to his liver.
· The doctor gave him six months to live, which was devastating news for Rich and his family.
· Kathy, Rich's wife, sought out mentors and financially successful people to learn how to make ends meet if Rich passed away.
· The false diagnosis led Kathy to learn about real estate investing, which became the foundation of their business.
· Kathy's belief in Rich and her ability to see the best in him helped him grow their business.
[14:42 - 18:16] Overcoming Self-Doubt and Believing in Yourself
· Rich had self-doubt when he started writing his book but overcame it with encouragement from his partner.
· Rich got a $150,000 advance for his first book, The Wise Investor because he believed in himself.
· Having a partner who acknowledges, encourages, and believes in you can be a game-changer in overcoming self-doubt.
· Sometimes, others see things in us that we can't see in ourselves, and having their belief in us can be valuable.
[18:16 - 19:32] Closing Statements
· Follow Rich on Facebook and LinkedIn, or be sure to check his website at https://www.realwealth.com.
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Tweetable Quotes
"Having a partner whose constant acknowledgment and encouragement and belief keeps you going, it’s a game changer." – Rich Fettke