If you’re seeking a simpler lifestyle, you might consider becoming a full-time real estate investor. Real estate investing offers incredible earning potential, without having to attend a 9-5 job. Today, let’s discuss whether or not real estate investing creates a simpler life.
On this episode of Investing in Real Estate, we’re going to talk about what it means to have a simple life. You’ll learn about the kind of lifestyle you can create through real estate investing. More importantly, you’ll learn how to evaluate if becoming a real estate investor is right for you.
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What does it mean to have a simple life? That’s up to you to decide. Having a 9-5 can be pretty simple: you have a set list of expectations/deliverables to meet on a weekly basis. You do those things, you get direct deposit. So while you’re building wealth for someone else’s company, you get to float by; there are no hard decisions for you to make.
Let’s put this scenario against being a real estate investor. I wouldn’t call it simple. There are challenges and big decisions as a business owner. You have to call the shots, tend to your portfolio, and make sure everything is running smoothly. You get out what you put in.
It might not be simple or easy, but it is freedom. You can wake up when you want, clock out when you want, go to your kids’ school events, attend business lunches, manage your own time instead of scheduling your life around your boss. BUT it’s not simple, and it’s not passive.
You will have vacancies, tax bills, phone calls, evictions, and other difficult decisions to make. It only succeeds when you work hard. So you need to ask yourself: do I want a simple life or a free life?
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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