On this podcast episode I talk about financial freedom and how real estate can help you achieve financial freedom. I also discuss why financial freedom is so difficult for most people.
It starts with how we are raised, when our parents tell us to go to school, get good grades, and get a good job. And we listen to them. Fast forward twenty years, and you may find yourself feeling overworked, underpaid and at a job that you can't stand.
Even worse, if you are like most Americans, you can't quit your job because you have bills to pay, credit card debt and almost no savings. You have fixed expenses that won't go away. Does this sound familiar? You need that job in order to pay those bills so you feel stuck. You are in what Robert Kiyosaki calls the "rat race" in his book "Rich Dad Poor Dad" (which you should read).
So the first step towards financial freedom is to understand that your focus should be on INCREASING YOUR INCOME, not on decreasing your expenses. Focus your energy (and time) on increasing your income not clipping coupons or trading your time for money. When you start increasing your income and you make more money then you should make sure that you don't increase your spending by increasing your life style.
Instead you should be saving this money in order to build up bucket # 2 which is the savings bucket. By building up this bucket, you will be able to move into bucket #3 which is the investment bucket. And the investment bucket is what will help you to increase your income and increase your net worth. When you increase your income and you increase your net worth, you move one step closer towards financial freedom. That is why I tell my students you are just one flip away from financial freedom.
When the day comes that you make enough money from flipping houses that you can quit your job then you are truly free. The question is how attainable is that? The answer is very attainable. There are over 100,000 people that make $500,000 or more per year from investing in real estate in the U.S that are sole proprietors who have business with no employees. Obviously there are many more companies that invest in real estate that have many employees (like my company). When you add those numbers up there are hundreds of thousands of people in the U.S who made their income this year from flipping houses. You could be one of those people! So set that as a goal and then ask yourself this questions: What am I doing today, to create a life of financial freedom for myself tomorrow.
Here is a tip: Watch less TV and listen to podcasts not music when you commute to work. Spend more time reading and learning and listening to podcasts. Listen to everything you can and learn something new every day. If you do this for 90 days, your life will begin to change.
If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below:
FREE WHOLESALING TRAINING
https://www.lexlevinrad.com/webinar
FIXING AND FLIPPING TRAINING
If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar
DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES
SUBSCRIBE TO MY YOUTUBE CHANNEL
http://www.youtube.com/lexlevinrad?sub_confirmation=1
CONNECT WITH ME ONLINE
http://www.lexlevinrad.com
http://www.facebook.com/lexlevinradrealestate
http://www.twitter.com/lexlevinrad
http://www.instagram.com/lexlevinrad
http://www.linkedin.com/in/lexlevinrad
http://www.pinterest.com/lexlevinrad
https://plus.google.com/+LexLevinradrealestate
DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES
For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
It starts with how we are raised, when our parents tell us to go to school, get good grades, and get a good job. And we listen to them. Fast forward twenty years, and you may find yourself feeling overworked, underpaid and at a job that you can't stand.
Even worse, if you are like most Americans, you can't quit your job because you have bills to pay, credit card debt and almost no savings. You have fixed expenses that won't go away. Does this sound familiar? You need that job in order to pay those bills so you feel stuck. You are in what Robert Kiyosaki calls the "rat race" in his book "Rich Dad Poor Dad" (which you should read).
So the first step towards financial freedom is to understand that your focus should be on INCREASING YOUR INCOME, not on decreasing your expenses. Focus your energy (and time) on increasing your income not clipping coupons or trading your time for money. When you start increasing your income and you make more money then you should make sure that you don't increase your spending by increasing your life style.
Instead you should be saving this money in order to build up bucket # 2 which is the savings bucket. By building up this bucket, you will be able to move into bucket #3 which is the investment bucket. And the investment bucket is what will help you to increase your income and increase your net worth. When you increase your income and you increase your net worth, you move one step closer towards financial freedom. That is why I tell my students you are just one flip away from financial freedom.
When the day comes that you make enough money from flipping houses that you can quit your job then you are truly free. The question is how attainable is that? The answer is very attainable. There are over 100,000 people that make $500,000 or more per year from investing in real estate in the U.S that are sole proprietors who have business with no employees. Obviously there are many more companies that invest in real estate that have many employees (like my company). When you add those numbers up there are hundreds of thousands of people in the U.S who made their income this year from flipping houses. You could be one of those people! So set that as a goal and then ask yourself this questions: What am I doing today, to create a life of financial freedom for myself tomorrow.
Here is a tip: Watch less TV and listen to podcasts not music when you commute to work. Spend more time reading and learning and listening to podcasts. Listen to everything you can and learn something new every day. If you do this for 90 days, your life will begin to change.
If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below:
FREE WHOLESALING TRAINING
https://www.lexlevinrad.com/webinar
FIXING AND FLIPPING TRAINING
If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar
DON'T FORGET TO SUBSCRIBE TO THIS PODCAST TO BE NOTIFIED OF UPDATES
SUBSCRIBE TO MY YOUTUBE CHANNEL
http://www.youtube.com/lexlevinrad?sub_confirmation=1
CONNECT WITH ME ONLINE
http://www.lexlevinrad.com
http://www.facebook.com/lexlevinradrealestate
http://www.twitter.com/lexlevinrad
http://www.instagram.com/lexlevinrad
http://www.linkedin.com/in/lexlevinrad
http://www.pinterest.com/lexlevinrad
https://plus.google.com/+LexLevinradrealestate
DOWNLOAD A FREE COPY OF MY BOOK ON WHOLESALING PROPERTIES
For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book "Wholesaling Bank Owned Properties" at https://www.lexlevinrad.com
Activity