INSPIRATION
From school teacher to successful investor
Swanny ’ s top real estate investing tips
Sidima Mfeku
No one is ever ready to let go of their comfort zone to start up in a new industry , even worse , investing in real estate when you have no knowledge of when your money will be returning to you and at what quantity .
School teacher turned real estate investor , Michael Swan is adamant that moving into a different industry for purposes of making generational wealth shouldn ’ t be a move that is only influenced by greed and current financial depression , it should rather be strategic and calculated too .
When the idea of making more money , besides your 9-5 job , strikes you , be careful of investing in reward-less ventures .
When this school teacher was made aware that he was not going to be further remunerated for his services by the institution that he was working in , he invested in a scheme which did not really make much rewards for him . It took about a year of wasted and non-rewarding investments for him to get back to his senses and make the right move .
“ When I was told that the campus that I worked at was going to be closed for some seasons in the year , I realised that I was going to lose about $ 12 000 a year . I then decided to change my financial dependance solutions and started investing in some investment tools around the USA . I invested about $ 6 000 a year in this investment scheme , and the returns after a year of investing were exactly the same as the initial investment . There were no rewards . I realised that I was not making the money here , maybe the financial advisors were , but I was definitely not ,” Swan says .
“ In a bid to find better rewarding investment solutions that could help in working myself out of the misery of having lost a large portion of my earnings , I learnt
20 MAY 2021 SA Real Estate Investor Magazine