"True wealth gets built when your time gets uncoupled with money."
― Monick Halm.
Time is finite. We only have so much time in our day, our week, our month, and truly, our lives. When it comes to making money, some people have jobs that trade their time for money. This can be really lucrative, especially if you’re a CEO and you get paid a lot of money per hour worked. But I believe that when you’re truly wealthy, your time is completely your own. True wealth means not trading your time for money, it means making money while you do whatever you’d like to do with your time.
Real estate investing gives you the gift of time. It allows you to have enough passive income streams so that you work because you WANT to, not because you HAVE to. That is true wealth, and THAT is the kind of financial freedom I want for each and every one of you.
Do you ever think "I'd love to invest in real estate, but I just don't have the money yet?" Well, it's possible you are actually sitting on tens or hundreds of thousands of dollars available for investing and you don't even know it!
That's how I was - I was pretty blown away when I found this out.
When my husband and I went to a real estate conference - the Real Estate Guys' Secrets of Successful Syndication seminar, we first learned that we had way more access to cash than we thought about - via our retirement accounts.
Most people have IRAs or 401k's in plans offered through their employers or through one of the bigger financial institutions - Fidelity, Ameritrade, Charles Schwab, etc. In these accounts is a set of options of what you can invest in - generally a somewhat limited menu of mutual funds and bonds.
I remember being very annoyed at one point because I wanted to put the bulk of my money in a low-fee...
Recognizing and challenging any limiting beliefs about real estate is the first step in becoming a successful real estate investor. So many investors severely limit what they accomplish or worse, they don’t even get started, because they believe one of the following myths:
A lot of potential investors I speak to say “I’d love to invest in real estate and I will as soon as I’ve got more money.” Or “I’d love to invest, but I don’t have time to find a property or be a landlord.”
People think they’re limited because they have limited resources. I thought the same thing.
My husband and I were searching for a 4-unit property to buy in Los Angeles and were stuck and unable to find the right investment because we were only thinking that we had to use our own capital, credit, or available time.
Tony Robbins says, “There’s no...