In this episode of the Millionaire Mindcast, we have an amazing woman, Tamar Hermes who talks about her entrepreneurial journey and struggles, and shares insights on how to turn that struggles into an opportunity, how to fight impostor syndrome, why you should trust your gut, how to find the right mentor for you, and how to build generational wealth!
Tamar Hermes is a real estate investor and coach at Wealth Warrior Woman, a platform that guides women to become successful investors with coaching and programs. This also offers a three-month course called The Real Deal Formula that will take you through every process and option of Real Estate investing and support you to pursue investments with confidence. It guides and assists you through a financial assessment and the entire process of a Real Estate deal that suits your objectives.
Tamar’s father was a holocaust survivor; her mom was pioneering Israelite fighting for the land to become Israel. She was a broke kid. Her family was always struggling and so stressed about not having enough money. Thus, create negative emotions, and beliefs that lower her self-esteem & confidence. Until in her late 40s, Tamar was still fighting from the belief that she doesn’t deserve anything worthy. But Tamar continually just keeps working and does a lot of inner work to really let go of the story.
Furthermore, she kept fighting & pushing and was even working as a waitress. However, she has vision and goals and she didn’t limit herself to grow and explore things. She works hard to get the things she thought she deserves to have. to buy her first car and property at the age of 28. After years of pain, she gradually grew successful businesses and started in Real Estate, where she discovered the key to creating financial freedom. She was from a broke kid to a millionaire investor.
Tamar had a “do it myself mentality”, but once she decided to trust and have the right mentors, it really helped her journey to success. On the other side, in real estate, you must know your deals, have a plan and do not aim to get rich in a week. Instead, make small consistent choices that lie your goals and vision as these will make huge results and success.
She emphasized that there are lots of investment opportunities out there in this crisis. Hence, start controlling your money. Make it work for you. Don’t be so attached to it so that you’re in control of it. Don’t be afraid to lose some, because it’s not the end of the world. Take that risk if you want to build wealth. Never forget to get some education, read books, and get some mentor or coach.
Presently, Tamar is working and serving according to her purpose, to enrich the lives of others using her wealth. She wanted to see other women rising up and doing what they want to do. As for Tamar, contributing money to others is not money at all but her heart and soul! Some Questions I Ask: How has your last few months been just personally? (00:31) Where did these all start for you? (03:21) When did you kind of have that first big win in your career? (08:55) Why did you choose real estate and what was kind of your wealth-building mentality at that stage of life? (10:26) Why can this “Get rich quick or get results quick mentality” can often be very dangerous? What do you say to that person that may be coming into this wealth-building journey that could impact them to give a better perspective in how they navigate that journey? (13:01) How critical were the mentors in your journey? (15:18) How to find the right mentor for you to not misguide you? (16:45) What do you say to that person that’s very indecisive? (22:08) Why do you think there is such an inequality gap with wealth and income and there aren’t more millionaires out there? (24:05) What are some of the things that you can recommend from the kind of a root foundational level on discipline, and on habits around building wealth, creating consistency, and compounding efforts in your life? (27:21) Why only are there out in the world a third or less than that successful real estate investors or professionals out there, in your opinion? (31:27) What would you say to that person who wants to build some wealth in real estate over the next 10-20 years? (32:54) What is your definition of wealth and why you’re still doing what you’re doing? (37:20) With all of your money and everything that you’re creating and unlocking not only for your family, ideally what do you hope looking back in the rearview mirror of your life your money does for others? (42:11)
In This Episode, You Will Learn: Growth mindset versus Fixed mindset (06:27) Why trust your instinct especially in business (19:51) Why never feel guilty about being money-motivated (37:58) Quotes: “Don’t ever do the fake until you make it.” “Wealth is made in the crackpot, not in the microwave.” “Real estate works if you look at the variables.” “If you don’t understand it, don’t do it.” “Don’t listen to your gut, obey your gut.” “You know more than you think you know, and you’re capable of more than you think you are.” “Make it so that you’re the in-charge of your money, not money being in-charge of you.” “Money is energy.” “Money is the river that waters growth.” Resources Mentioned: Mindset book by Carol S. Dweck Fierce Conversations book by Susan Scott Mona Foundation