M5 Successful Friends

Financial literacy [for beginners]  is the knowledge and skills to make smart money decisions in your personal finances. This video will not teach you everything you need to know about financial literacy however it is a guide to get you started on your financial journey and help you understand what financial vehicle you want to use to get there.

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Hlogi started in Tembisa and after losing all of his inheritance he had to learn how to survive quickly.  Learn How To Achieve Your Most Ambitious Goals by listening to Hlogi and his journey in Property. From owning a local nightclub that failed and losing R 500 000 in construction, Hlogi decided that he will learn how to achieve his dreams by working with what he has. He has a 10-year vision and 2 - 3 years into his vision he is WINNING!

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One-on-one coaching link: https://www.m5propertyvarsity.com/property-coaching-and-mentoring  

Get Taurai's book: www.tauraijack.com  

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Getting municipal approval/town planning approval for a new construction or renovation project may seem daunting at first, especially when you don’t know where to start. Any building work done without the relevant approval can legally be stopped or even authorized for demolition by a building inspector. Town planning approval is critical when you want your project to give your the profits you are looking forward to.

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Why being open-minded is important to your growth? It makes you more adaptable. Challenging your existing beliefs and considering new ideas can give you fresh insights about the world and also teach you new things about yourself. When I got into property investment I needed to open my mind to the possibilities. The more I did that the better I started understanding myself and pushing boundaries with the new information I had learned.

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Financial education is the ability to understand how money works. It is the art of investing and managing money and the ability to make sound financial decisions. Being financially sound and aware always works in our favour as it enables us to make choices on investments that can help you expand financially.

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Subdivision involves taking one tract or piece of land and dividing it into two or more tracts of land. A subdivision may involve tracts of land that range in size from hundreds of square feet to hundreds of acres.

What is building plan submission? The submission will usually be made on new-build projects with full building details and structural calculations of proposed building work to be submitted for approval before construction works begin.

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My biggest regret in life was wasting time as an employee. I felt trapped and just existed through life until my mindset shifted. Now I explore, I give my all into making things better and life has truly turned 180 degrees for the better. My biggest regret in life is now my greatest teacher.

What is your biggest regret in life?  

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Taurai was interviewed on The LeRoy Slava Show and he shared his journey in property that started with a R 1 000 deposit and now a few years later, he runs a business with Co-Founder Retha Van Rooyen, across 5 cities doing various property investing strategies.

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Property Development For Beginners In South Africa - What does it mean to rezone a property? Rezoning essentially means redrawing the map to include your property in a different zone. Whenever new property is built or purchased, the district’s regulation of buildings defines the legal uses the property may be put to.

Rezoning occurs when the classification assigned for the use of a piece of land is adjusted so that it permits the desired new purpose. So, if you bought a piece of land or property that only permits residential use, you need to submit a rezoning request to your municipality before you can conduct business in the area.

M5 StepUP Conference Registration Link https://www.m5propertyvarsity.com/step-up-conference-2021

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Dealing with failure is inevitable. No one wants to start a business and fail however the reality of life is that you will kiss a few frogs before you get your prince. The best way to move forward is to deal with the failure, the mistakes and decide to be awesome.

M5 StepUP Conference Registration Link https://www.m5propertyvarsity.com/step-up-conference-2021

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