Kelly Wing is a multi-six figure real estate, media, and tech Investor. She is the founder of a new company Ohwabisabi Media, consisting of an online social channel for emotional and mental wellbeing, as well building a team of trusted advisors for Conscious brands and influencers, helping them gain exposure and credibility through powerful earned press and media coverage.
In the last 3 years, she has generated close to half a million dollars alone, with the majority being through real estate investing.
However, her growth and success have not always been linear, finding herself in tens of thousands in debt twice, all while battling mental health struggles such as anxiety and depression and overcoming years of drug, alcohol, and substance abuse.
I had the privilege of interviewing Kelly to ask her 3 quick-fire questions, gaining a great insight into the mentality around investing and how to make your money grow, the smart way.
If you want to become wealthy, you need to do more than simply trade time for money.
“I learned this from a young age, having term deposit investments as soon as I started working at age 12. I saw $500 grow into $5,000, grow into $30,000 by the age of 17. I could see the compound effect at work every time I received a bank statement in the mail. This taught me that time is a very powerful variable an investor has on his or her side. Not only do you have to be disciplined and smart enough to hold onto the money you earn, it then gives you confidence to find other ways to grow money that can generate greater returns. I saw my Dad buy and sell a lot of properties growing up so it was natural for me to consider real estate as a first step for investing too. Later, this led me to opening myself up to other investment opportunities such as media and tech, and understanding that although different, the same principles and mentality applies in other areas you wish to grow in too. You’ll have wins and you’ll have failures, but it’s all learning in the end. You can’t expect to win if you’re not willing to jump on the field and play.”
When people win big in real estate, it’s not because of timing like most people think.
“Although timing is important, location is also a very important factor to consider. You don’t want to buy in any area simply because the price is good. Do your due diligence: Check the market value, the neighborhood demographic, and what the location offers including schools, amenities, shops, gyms, eateries, parks etc.
Research rental prices of other properties in the area to determine whether the property you’ve chosen is in a prime spot for investment purposes and to calculate what your yield will be. When people are looking to rent, they generally choose to rent based around the convenience and ease of what’s around them. What this also means, is that over time you can increase rent along with inflation, generating more cash flow.”
Build a strong network for the most profitable outcome.
“Regardless of what you’re investing in, you’ll want to build a strong network of people around you for the most profitable outcome. With real estate, be sure to have profit at the forefront of your mind, guiding every decision you make.
Build your property value through renovations or cosmetic upgrades. What this also means is buying properties that haven’t been done up yet. They won’t look nice, or give you a “warm fuzzy homely feeling” upon first inspection (in fact it should make you feel the complete opposite) so it’s important to not let your emotions get in the way and buy based on what “feels comfortable”.
By building a strong network of tradesmen, whether it’s people you know personally, old high-school friends, or even asking around your peers if they have any contacts, not only can you trust they will do the job to a good standard, but they will offer you cheaper pricing. Tradesmen charge tens of thousands alone just for the labor alone and depending on your relationship you could potentially cut this down by half. Also, know that the materials alone don’t cost them much as they get wholesale deals through their suppliers.
When you increase property value through renovations as well as cutting down costs of materials and labor, you can sell it for much more, and your hard work will pay off in a big way, oftentimes more than you had imagined.”
Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures
In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...
Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.
After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...
Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’
Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...
BTC did 62% more in transactions than PayPal this year
MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...
How to Organically Grow Your Social Media Following In 2022
Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...
Julio Domenech On How Banks Can Engage In Bitcoin in 2022
As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...
Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022
Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...
Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same
UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...
Facebook Goes Meta As It Scales Up Beyond Just Social Media
Thursday 28 September 2021, Mark Zuckerberg, the CEO of Facebook, announced Metaverse, a brand for users to interact in virtual...
JaeLz “No Titles”
JaeLz I’m an independent singer/rapper and songwriter. My Artist name is JaeLz. This article is about my Journey and how...
Executive Voice2 weeks ago
Quiana Watson Joins OWN’s New Series ‘Ladies Who List Atlanta’
Executive Voice1 week ago
OriJinal Shotta Is The Voice That Represents His City
Entrepreneurship6 days ago
Happy Go Lucky lifestyle brand owner Cameron Fabian wants car enthusiasts to enjoy the present
Executive Voice6 days ago
Steve Orton Believes In A New Breed Of Fitness Consultancy
Executive Voice1 week ago
Raphael Zenaty Empowers Young Entrepreneurs Through His Investment Firm Zenaty Investment Group
Entrepreneurship5 days ago
Entrepreneurial Couple Cecilia And Shane Grizzard Share Tips On How To Succeed In The E-Commerce Industry
Entrepreneurship1 week ago
What Enables Alexander To Give Aspiring Entrepreneurs The Freedom To Disrupt The Online Space
Executive Voice2 weeks ago
Exclusive Interview: Sarah And Tony Zolecki Share Their Experience With Network Marketing & Help Answer Common Questions