Financial freedom isn’t just a dream. Creating wealth and living a life of financial freedom is possible. The real question is, are you willing to learn the methods to achieve it?
“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.”
andrew carnegie
The Power of Real Estate
Investing in real estate is one of the best ways to create financial freedom and wealth. Our real estate group is powered by Keller Williams, an award-winning international brand with a large network of top learning-based agents. At our annual convention this past year, Steve Chader taught a class on investments.
Why Is Real Estate a Wealth Builder?
Let me ask you, what would be different in your world if you were able to save enough money to invest in real estate?
What would it look like to have positive cash flow investments that come in every month that you don’t have to ‘work’ for?
“A good man leaves an inheritance for his children’s children.”
proverbs 13:22
When you focus on hours worked, you are trading time for money.
When you focus on investments, you have the ability to build wealth. Real estate is a secure investment for building long term wealth.
Here are 3 simple steps to get started:
Step 1: Calculate your assets and net worth.
Total Assets – Total Liabilities = Net Worth
For example,
Market Value of Primary Home: $500,000
Mortgage on Primary Home: -$300,000
Net worth from Primary Home: $200,000
Please note: Depreciating assets are not used to calculate net worth.
For example, that replaceable dining room table you purchased at Pier 1 last year is not an asset. Yes, you own it, but most likely it’s worth less than you paid for it. Therefore it’s a depreciating asset.
Once you calculate all of your assets minus all of your liabilities, you will have a better understanding of your finances.
Step 2: Awareness.
Awareness is key..knowing how much you have, what you are spending your money on, how much you are saving to understand how much you have or could have to invest in real estate.
Do you have enough equity (just sitting there doing nothing) in your primary residence to pull a low interest line of credit to get started?
Do you have money in low performing assets or volatile ones that could have a better return on investment in real estate.
Step 3: Ask for Help.
Monopoly is a great game with many financial lessons in investing and generating cash flow from passive real estate income. If you are good at Monopoly you are off to a good start with the fundamentals but that shouldn’t be confused with guidance from professionals that study the market everyday.
Working with the right team of people is key to getting started and having successful long term results.
Start local.
- If you have a local real estate professional with investment experience, great!
- If you would like to contact me – if you are in NJ or Florida – great!
- If you would like to contact me and you are outside of our area – great! We have a large network of agents Nationally and Internationally that we work closely with and can put you in touch with an expert that is a specialist in investments in your area.
We recommend investing locally first because you are most familiar with your local market so it has the lowest risk. Once you become an expert investor and have the right team, you can build from there nationally and even internationally if you want!
Did you know this about financial freedom?!
According to the National Association of Realtors, homeowners’ net worth is 41 times more than renters. Passive income is key to financial freedom and real estate is one of the safest ways to create passive income.
Everyone needs a place to live. Real Estate is essential- Food, Water, & Shelter. Therefore, no matter what is going on in the world, real estate is a necessity.
If you have questions or would like to get started investing in real estate; if you are interested in knowing the value of your current home, what you could qualify for or opportunities in your area, please contact us anytime and it would be my pleasure to assist you on your journey to creating wealth, financial freedom and a legacy for your family.
