Q: Hi Tom, I am about 3/4 of the way through your School of Wealth Strategy course and have developed my wealth vision and determined I would like to invest in real estate. However, I am currently stationed overseas with the US military and do not wish to invest in foreign real estate. It will be about two years before I am back in the US and ready to actively invest. What can I do until then to advance my dream line and make me more prepared before I start actively investing? Should I start creating a wealth team including paying for a wealth coach and legal entity before I have any investment income? What are some typical shortfalls you see in clients who are seeking wealth coaching for the first time?

A: Congratulations on your decision and commitment to building your wealth. I definitely suggest you build your wealth team as soon as possible. The reality is that you don’t have to be in the U.S. to invest here. You just need a good team in place along with the internal controls, agreements and systems you put into place. I strongly recommend speaking to my team at ProVision for a good wealth coach. You can contact them at cs@provisionwealth.com. The biggest mistakes I see with clients are not getting their team in place and thinking that they need to do everything themselves. Wealth building is all about leverage and the most important leverage is using other people’s time and talents.

Warmest regards,

Tom