In a time when most Americans are drowning in debt, Bram Vee went from dead broke to owning a 100 million dollar empire all before the age of 30. Here's how he accomplished the seemingly impossible.
— The American Dream is defined as an ideal by which equality of opportunity is available to any American, allowing the highest aspirations and goals to be achieved. However, for many, the American Dream has turned into the American Nightmare. According to CNBC, the average Baby Boomer (Age 50+) carries over $39,000 in debt and it’s worse for other generations.
However, despite the average American bearing a noticeable debt burden, there are a few diamonds in the rough who serve as a testimony that the American Dream is still alive. Bram Vee is one of those unicorns.
Every success story has a beginning, and for Bram Vee, it began at the age of 16. Through chance, he encountered an entrepreneur and commercial home builder in his hometown of San Antonio, Texas. Bram attributes this serendipitous encounter with the man who would eventually become his mentor as one of the most pivotal moments of his career.
Bram soon learned to look at business through the lens of what’s right and wrong rather than dollars and cents, and while this lesson has served him well in money and in business, Bram claims the most important principles he learned from his mentors were on leadership. These principles not only made him a better businessman, but also a better dad, son, and brother.
By applying the principles his mentor taught him Bram founded Renovar Capital at 18 years old. By 26, he had sold two enterprise software programs with Renovar totaling over 26 million dollars. He then allocated much of the private capital into more cash flow yielding real estate investments while simultaneously building his consumer debt business into 30% of his overall portfolio.
In only 9 years, the management team at Renovar has grown the portfolio to 97 million dollars in assets and over 100 million dollars if you include cash reserves. To date, they have funded over $280 million in transactional volume by building the bridge between data, investment management, and high-yield property acquisitions making them a unicorn in their industry.
Their secret? Caring about their clients in a way no other firm does by putting people over profits. Renovar's top priority is to be recession-proof in any economy, and because Bram believes a market crash is coming in 2020, customer attention and transparency are more important now than ever before.
To the entrepreneurs of today who are looking to make the American Dream a reality in their life, Bram shares the following pearls of knowledge and wisdom:
1. Put people first. Gratitude is energy. Being kind and understanding always wins in the end.
2. Get in a position where it's impossible to get taken advantage of through self-respect.
3. Digest positive information consistently through conversation, books, audios, tv, and music.
4. Contrary to popular belief, passion is still subject to temporary commitment and passions change. Don’t try to be good at everything. Above all, stay focused.
5. Save and Invest. Spending money frivolously is one of the ways entrepreneurs dig themselves into holes. Never over-leverage and rarely spend money on anything unless it’s a cash-flowing asset.
Mentorship is the cornerstone of success for many entrepreneurs, including Bram Vee, and while not everyone will have the chance to receive in-person mentorship, digital mentorship is a great place to start for those seeking to start their journey towards the American Dream.
In order to plug in with Bram Vee and Renovar follow him on Instagram at @BramVee for weekly content centered around business and family or visit their website www.renovarcapital.com to find out how to contact him directly.
Video URL: https://youtu.be/MCJAzrI4QOs
Release ID: 88937322