I’ve made it my mission to help others reach financial freedom, and part of that job entails listening to the backgrounds and stories of people who want to build wealth. I can’t help but notice that there are two distinct mindsets when it comes to real estate investing: one is based out of fear, and the other is centered on abundance.
Something interesting I’ve noticed is that building wealth is not just about numbers on a spreadsheet, calculating ROI, or planning appropriately for taxes. It's deeper than that. True wealth building is cultivation, and it’s something that’s rooted deeply in your mindset.
The truth is, our reality is filtered through our perception. Too many people think they don’t deserve wealth, and they live in constant fear about money. By doing so, they attract negativity into their lives. They invite unfavorable situations into existence by focusing on lack.
It’s the classic story of a person who wins the lottery, and then quickly squanders all of their earnings away. Why does this happen? Because they aren’t in an abundance mindset.
But those who are creating true legacy wealth and are expanding their real estate portfolios don’t live in that same place. Instead, they focus on peace and abundance. They feel connected to wealth, and they feel worthy of wealth.
I know this is true, because I've experienced it first-hand. I grew up with hearing limiting beliefs that influenced my reality. My parents repeated phrases like, "money doesn't grow on trees," and I believed them. I eventually found myself in dire financial decisions because I lived with this fear of money. It wasn't until I began to change my thoughts and my mindset that things improved for me.
In order to begin changing your circumstances and creating wealth, you have to start changing your thoughts. Believe that you deserve wealth, know that you can have financial freedom, and start envisioning it.
If you need a jumping off point, start by downloading my Freedom Cheat Sheet. It's a free PDF I've designed to help you take a realistic look at your finances, and how rental real estate can help you reach your goals. Once you've calculated your Freedom Number, I want you to envision yourself reaching that goal.