03/25/2023
// 3 DIVISIONS OF FINANCIAL FREEDOM IN REAL ESTATE:
No. 1 • FINANCIAL SECURITY:
You have enough passive income to pay your mortgage, groceries, and maybe a car payment. If something happens, you don't lose your home and you can still eat. But you're probably not able to travel that much.
No. 2 • FINANCIAL INDEPENDENCE:
You've replaced your active income with passive income. The reason this isn't financial freedom yet is that active income also includes paid time off, opportunities, and more. It's not enough to just replace your income.
No. 3 • FINANCIAL FREEDOM:
You're paying all your bills, you don't need a W2, and you have unlimited potential. Financial freedom is about purpose. You're not bored, you're engaged with life. Everything is driven by who you are, what you're doing, and how you're giving back.
A lot of people confuse financial security and independence with financial freedom, but that's just not the case.
And when you reach financial freedom, it's not about doing less. It's about doing more. It's not about working less and watching Netflix, it's about giving back and helping others. Your focus switches to be more purposeful.
What stage are you in?
📲 We all start somewhere. If you’re interested in learning more about your real estate investing journey DM me.
