What if you could have checks coming into your bank account as you sat on the beach with your family? That’s exactly what happened to me this week, and I want to share the power of passive income with you.
On this episode of Investing in Real Estate, I’m discussing the two different ways to make money, and how you can change your finances to allow your money to start working for you.
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The first way to make money is what many of us are familiar with. You go to work from 9-5 every day, and you receive a paycheck. More often than not, that paycheck is allocated to bills, and there isn’t much left over. In this scenario, you work for your money.
I don’t know of many professions where a paycheck will allow you to build legacy wealth. Perhaps there are a few, but we’re accustomed to hearing horror stories about professional athletes squandering away all of their earnings.
Achieving true financial freedom requires being intentional about finances. In order to earn a passive income, you must manage your money correctly and purchase cash-flowing assets.
This is the second way to make money. In this instance, you're not working for your money; your money works for you. It's about having checks deposited into your bank account as you live your life the way you want.
This lifestyle allows me to make money as I vacation on the beach with my family. It's true freedom, and it's within your reach. I'm so passionate about buy and hold real estate, and I want to share this way of life with you.
We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On today's show, I'll go into detail about making your money work for you. I'll give a few specific examples of ways you can transition from relying on a paycheck and start earning a passive income. Don't miss episode 12 of Investing in Real Estate!
On this episode you'll learn:
- Why a paycheck won't earn legacy wealth.
- How to turn your income into cash-flowing assets.
- How to align your finances with your ultimate goals.
- How an NFL player discovered a more sustainable income.
- And much more about buy and hold real estate!