30 min
E009: Creating Your Legacy Wealth with Erik and Jane Cabral Wealth Building With Friends
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- Investing
As their family was growing, Erik and Jane Cabral realized they needed more to their name. They wanted to pass something on to their kids and create a legacy wealth, which you normally can’t do in the corporate world.
As a creative director going up the corporate ladder, little did Erik know that he was absorbing everything around him and was able to leverage that to build his own companies. He became a real estate investor full-time, building teams, systems, and investor networks. He realized his calling was to help investors become creative. And seeing Erik’s struggles, Jane is now ready to jump in.
Here are some power takeaways from today’s conversation:
Having a strong foundation in your marriage
The importance of trust in decision-making
Asking great questions as an opportunity to grow
Their transition from Big Pharma to real estate investing
How their investing journey began and buying their first property
Episode Highlights:
On Investing and Relationships
In marriage and love, you have to be more open to hearing out the other person and willing the good for the other person. You can't be everywhere and all perfect. You are a team for that reason – you're both putting your hands in different pots to create a full life.
Having your spouse or life partner in your entrepreneurial journey, you both are sharing the entire experience along the way, all your lessons and failures. Eventually, your partner becomes such an integral partner in decision-making.
Mutual decision means mutual responsibility. One may feel a little less confident, and the other one feels very confident in the decision. But once you go in and you've made the decision, you're going to share in whatever the outcome is – win or lose – no pointing fingers.
Getting Ready for Your First Investment
Encourage your partner to ask questions. Because sometimes, if you don't know the answer, it gives you the opportunity to grow and learn in the process.
You have to learn how to be analytical. Spend the time on task over time until you become comfortable to the point where your spouse actually believes you.
Have a mentor. Leverage the expertise of people in your team. Learn to trust your partners and the people around you.
Resources Mentioned:
Rich Dad Poor Dad by Roberti Kiyosaki
As their family was growing, Erik and Jane Cabral realized they needed more to their name. They wanted to pass something on to their kids and create a legacy wealth, which you normally can’t do in the corporate world.
As a creative director going up the corporate ladder, little did Erik know that he was absorbing everything around him and was able to leverage that to build his own companies. He became a real estate investor full-time, building teams, systems, and investor networks. He realized his calling was to help investors become creative. And seeing Erik’s struggles, Jane is now ready to jump in.
Here are some power takeaways from today’s conversation:
Having a strong foundation in your marriage
The importance of trust in decision-making
Asking great questions as an opportunity to grow
Their transition from Big Pharma to real estate investing
How their investing journey began and buying their first property
Episode Highlights:
On Investing and Relationships
In marriage and love, you have to be more open to hearing out the other person and willing the good for the other person. You can't be everywhere and all perfect. You are a team for that reason – you're both putting your hands in different pots to create a full life.
Having your spouse or life partner in your entrepreneurial journey, you both are sharing the entire experience along the way, all your lessons and failures. Eventually, your partner becomes such an integral partner in decision-making.
Mutual decision means mutual responsibility. One may feel a little less confident, and the other one feels very confident in the decision. But once you go in and you've made the decision, you're going to share in whatever the outcome is – win or lose – no pointing fingers.
Getting Ready for Your First Investment
Encourage your partner to ask questions. Because sometimes, if you don't know the answer, it gives you the opportunity to grow and learn in the process.
You have to learn how to be analytical. Spend the time on task over time until you become comfortable to the point where your spouse actually believes you.
Have a mentor. Leverage the expertise of people in your team. Learn to trust your partners and the people around you.
Resources Mentioned:
Rich Dad Poor Dad by Roberti Kiyosaki
30 min