If you’re familiar with my message, you’ll know I’m passionate about helping people find their Freedom Number. It’s a formula I’ve created to help others achieve financial freedom.
Today on Investing in Real Estate, I’m talking about what happens after you’ve achieved financial freedom. Using rental real estate to build a passive income is the first step, but it’s useful to think ahead. This approach is what I like to call the Legacy Number. On episode 18, I’m sharing the four-step process I use to determine the Legacy Number.
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A Legacy Number is not a tangible, exact number like the Freedom Number. It’s more of an idea. In order to achieve true financial freedom through real estate investing, you must think about your goals.
It’s about taking a look at what kind of lifestyle you’d like to have. We only get one short life; we might as well make the most of it. We tend to plan simple aspects of out lives, but we don’t take the time to take a hard look at how we really want to live.
The first step is to be clear about your purpose. Once you identify your purpose, you’ll be excited to pursue it with passion. You’ll embrace life with more enthusiasm.
Secondly, you have to be honest with yourself. Be completely truthful about what it is that you desire. This can be hard for many people; too often we undercut our goals. Don’t sell yourself short.
The third step is to believe that the lifestyle that you imagine is possible. If you can see the vision that you hold, it will happen. I can tell you from experience, shifting your perspective makes all the difference.
Then, you have to set your goals. You have to map out exactly what you plan to achieve, and how you’re going to put the plan in action. You have to sit down, build spreadsheets, and think through the numbers. It isn’t enough to just plant the seed; you have to water it consistently.
On this episode of Investing in Real Estate, I'll speak more in depth about this process, and why it's important to think ahead. I'm sharing exactly how this idea has helped me, and how you can use it to reach your goals.
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 this episode you'll learn:
- How to change your mindset about goal setting.
- Why we don't take the time to think about our lifestyle.
- The one question good tax accountants ask.
- The specific tools and techniques I use to set my goals.
- And more!