PLACE Magazine Inaugural Issue, December 2022

Laura Castillo

WEALTH BUILDING How To Build Wealth from Scratch Money lessons learned and imparted Laura Castillo, Owner/Operator, BKT Midland, Texas

For some people, wealth is about addition. It’s about obtaining more possessions, buying bigger homes, and watching bank accounts climb. For me, wealth is about subtraction. It’s about eliminating any constraints on my choices. It’s about removing the need to be dependent on any one person. It’s about taking away the stress of living paycheck to paycheck. It’s about extinguishing the specter of poverty forever. In other words, wealth is a life that’s all mine. Wealth is freedom. I grew up in rural Mexico, and we were very, very poor — so poor we didn’t have an indoor bathroom. My parents were the

worker bees whose labors kept our lives humming along; even into their 60s, my parents still had to work hard for a living. I knew early on I didn’t want to follow that pattern, but I didn’t know what exactly my own pattern looked like. I only knew that having long-term security was important to me. THE AHA MOMENT When you work in real estate, making money is fairly straightforward. You sell a house and you earn a commission. Building long-term wealth is something different, something that’s often opaque. For a long time, it seemed outside the realm of possibility for me.


Made with FlippingBook - Share PDF online