Mohanad Alwadiya – There Is No Such Thing as Passive Income

BIO: Dubbed ‘the wolf of real estate,’ Mohanad Alwadiya is the most celebrated real estate, and business multi-media thought leader in the middle east. He is the CEO of award-winning Harbor Real Estate managing mixed-use institutional portfolios worth over $4 billion. STORY: Mohanad wanted to secure the future of his soon-to-be-born daughter, so he went for advice from his banker. The banker convinced him to sign up for a long-term insurance plan. A few years later, Mohanad realized that he was losing money from the plan instead of gaining. Any effort to resolve the issue failed, and he ended up stuck with a program where he was losing money. LEARNING: Do not trust your banker; seek independent financial advice. Don’t make emotion-driven decisions, and continuously monitor your investments. Separate the creation of wealth and the growth of wealth.   “Investing in knowledge is the only thing that you will never lose.” Mohanad Alwadiya   Guest profileDubbed ‘the wolf of real estate,’https://www.linkedin.com/in/mohanadalwadiya/ ( Mohanad Alwadiya) is the most celebrated real estate, and business multi-media thought leader in the middle east. He is the CEO of award-winninghttps://harbordubai.com/ ( Harbor Real Estate) managing mixed-use institutional portfolios worth over $4 billion. Mohanad has his own top-rated property reality–TV show & he’s the author of the best-seller “Landlording–from renting to financial freedom.” A senior instructor and advisor at Dubai Land Department since 2009, certifying and mentoring thousands of real estate professionals across the region. Mohanad was listed amongst the top 100 most influential personalities in the UAE in 2018. During the 2019 distinctive international Arab festivals awards (DIAFA), he was also awarded as the best social media influencer of the year. Worst investment everAlmost two decades ago, Mohanad was graduating from university and was excited about life. His goal back then was to become financially independent. He wanted to break free from