Achieving financial freedom through investing in real estate is much more than an idea to dream about while on your lunch break at your 9 to 5 job. This dream can easily become a reality setting you up for an early retirement. But there is a catch! To move this idea from the dream state to a tangible reality, you must first wipe traditional ideas of money and wealth from your thought process. If you continue to follow what we have been told is the traditional path to prosperity, you will end up in a dead end trap.
Financial freedom has nothing to do with being trapped in a cycle of working for money, accumulating that money, and hoping that one day that money provides security. You may think that stockpiling your hard-earned cash in a 401k, IRA, stocks or annuities will one day give you the freedom to enjoy your life and not worry about finances. Recent history has shown that this does not work. Investing in real estate, however, is another story.
To achieve financial freedom, you need to consider real estate investing. Why is investing in real estate the correct path towards achieving freedom financially? First, you can start now with little risk and little to no money while keeping your full-time job. Second, rental real estate can provide you with a source of passive income each and every month slowly freeing you from the grasp of your 9 to 5 job. Third, you can leverage the equity in your properties to purchase more rental units or to fund other businesses that provide automatic, residual income.
Waiting and hoping to reach a mythological destination known as “some day” is no way to live your life. Unfortunately, that is the way the majority of people do live their lives. They feel trapped, desperate and longing for that day that they can taste financial freedom. Using sound principles and taking action today investing in real estate allows you to taste that freedom sooner rather than later. It puts your money to work for you instead of you working for your money.