Diva Zone ™ Magazine 2019 Holiday Issue - The DIVA Zone Magazine | Page 10

GENERATIONAL WEALTH : The Gift That Keeps On Giving An Intimate Chat with Dr. Teresa R. Martin, Esq. by Najiyyah Brooks One of the most rewarding parts of my work is that I am able to show public LOVE, HONOR and RESPECT to true game changers and EXPERTS within their respective fi elds. Our covers for Brooks Media Group Publications vary from celebrities to CHANGE AGENTS and INFLUENCERS all of whom are well on their way to be recognized for their lofty and unselfi sh contributions! Such is the case of our illustrious 2019 Holiday Issue of the beloved fl agship DIVA Zone Magazine where the AMAZING Dr. Teresa R. Martin CEO and Founder of Generational Wealth Zone is featured! www. generationalwealthzone.com I was able to catch up with my dear sister, friend and colleague, Dr. Martin, who is no stranger to The DIVA Zone Family, and she shared wisdom on CREATING LEGACY for our families and the keys to building TRUE WEALTH! Please take notes family. Dr. Teresa R. Martin, Esq. from REIA NYC. In addition to a long career in real estate law, she has appeared on the Voice of America, Real Estate Straight Talk, and other radio programs. She is the co-author of the Amazon #1 bestseller, Entrepreneur on Fire – Conversations with Visionary Leaders with Barbara Corcoran, the Billionaire Real Estate Mogul and star of the hit ABC show Shark Tank. Dr. Teresa R. Martin also the founder, Generational Wealth Zone, LLC. DZ: Would you like to start off by telling us how did you fi rst get started in Real Estate Investing? TRM: I was bitten by the real estate bug by my cousin, a successful real estate investor. She was my mentor and she shaped my thinking. She taught me that my Financial Freedom Day will arrive when my passive income and semi-passive income streams bring in more each month than is needed to pay bills. So, the journey began! I have always been fi nancial freedom seeker with a goal to get there by age 30. I hit the goal. DZ: Tell us little bit about Generational Wealth Zone? TRM: Generational Wealth Zone is a conduit that allows anyone to achieve fi nancial freedom through tutelage in the areas of fi nancial empowerment, business ownership, and real estate investing. We promote fi nancial literacy through real estate with the goal of connecting business, wealth, and family together. This integration is vital and also the thought-process behind REIA NYC. DZ: What is REIA NYC? TRM: REIA is an acronym for Real Estate Entrepreneurs & Investors Association. It’s a community for real estate entrepreneurs, investors, and small business owners. And the NYC actually stands for, Now You Can! DZ: Now You Can? TRM: Now you can invest in real estate; Now you can build a successful business; Now you can build your own lifestyle; Now you can enjoy your legacy. DZ: That sounds quite positive. What’s the story behind that? TRM: After a great deal of refl ection, I felt I needed to change the focus of my association. We go beyond traditional investing. REIA NYC is a real estate investing education and business development company, providing the coaching, resources, and tools needed to start a real estate business. We provide investors with the right education and the right systems for success. DZ: Sounds like REIA NYC seeks to elevate the thinking of investors? TRM: We do. Our goal is to develop an entrepreneur mindset dedicated to overcoming and learning from obstacles. By educating entrepreneurs in how to build their businesses properly, we are able to guide them towards creating capital rather than becoming trapped in a constant grind. It’s about developing businesses that work for you, not against you. Whether through building daily habits or developing lasting partnerships, we help integrate solid practices that promote success. DZ: What’s the main struggle of these small businesses? TRM: Most entrepreneurs don’t know what path they’re on. I help them understand where they are and then guide to the path that leads to lasting success. DZ: What types of paths are there? TRM: There are three. The fi rst is the Bridge Is Out Path. This path is brutal and often leads to a loss of personal assets, relationships, and more. Then there’s the Path to Nowhere where owners create a long hour, low paying job rather than a business. Finally, we have the Success Path. This is where you need to be. This path creates lasting revenue and a high quality of life, but only about 3% of small businesses make it onto this path. DZ: And how do you help entrepreneurs reach this path? TRM: The fi rst step is to take my Success Assessment. We perform an in-depth analysis of your busines s, see where you’re at, then work together to determine the right success path for you. Whether real estate investments or other entrepreneurial venture, the goal is to create at least $125,000 in owner’s discretionary revenue where the valuation of your business will be $500K or more and be very attractive to potential buyers. Think of it as house fl ipping but with small businesses.