33 min listen
275: Go Out On A Limb
ratings:
Length:
36 minutes
Released:
Jan 13, 2020
Format:
Podcast episode
Description
Most people sell their time for dollars. Were you really meant to do what you’re doing right now? Mark Twain said, “Why not go out on a limb? That’s where the fruit is.” Culture conditions most people to live an average, stale life. Don’t trade away your authenticity for approval. In over 6,000 years of human history, being a conformer is not a success recipe. 40 rental doors x $150 cash flow = $6,000 per month. This buys you time. Don’t fear failure; fear not trying. Powerful assignment: write your own obituary. No one achieves anything extraordinary by playing it safe. People that say, “I want to live frugally.” actually want to say, “I want to live well.” But they don’t know how. Get residual real estate income at: www.GREturnkey.com I update you on asset class prices over the past year. Americans paid $4.5T in rent this past decade. The median homebuyer age is up to 47. Corelogic expects a 5.4% housing price jump in 2020. Housing shortages should continue at the low end of the market. Nearly every news outlet reports a stable housing environment. Why? Demand exceeds supply, appreciation rates are sustainable, stringent loan requirements, inflation-adjusted home prices are often still below 2005 levels. **The entire episode's lyrics are at the bottom.** __________________ Resources mentioned: Turnkey income properties: GREturnkey.com Americans Paid $4.5T Rent Last Decade: Zillow article Median Age Of Homebuyers Up To 47: HousingWire article Fannie Boosts 2020 Housing Forecast: CNBC article Lenders, Builders More Conservative: CNBC article Home Prices To Rise In 2020: Yahoo Finance article Homes Under $250K Near Extinction: HousingWire article Mortgage Loans: RidgeLendingGroup.com eQRP: Text “QRP” to 72000 or: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation Welcome to Get Rich Education, I’m your host, Keith Weinhold. Mark Twain said,“Why not go out on a limb? That’s where the fruit is!” I tell you how YOU can go out on that limb to get that fruit - that prosperity in your life. And, and update on markets and housing here in the new decade. Today, on Get Rich Education. Welcome to Get Rich Education, I’m your host, Keith Weinhold. This is Episode 275 ... and you know something? It has always fascinated me that people will trade time for dollars. You have traded your time for dollars … and I have sold my time for money in the past, as well. Yeah, amazes me that people will work, often doing something that they don’t EVEN LIKE - and spend that time away from their family or for things that they don’t enjoy doing … just for money. It’s actually even worse than that. The long-term plan - the OUTCOME for this sacrifice - isn’t even satisfying. It’s for you to retire old, and THEN only begin to really live … maybe. Well, ironically, the answer to your potential freedom is something that you actually slept inside last night - a piece of real estate. But you need to invest in real estate in a strategic way. You don’t need to be a landlord and you don’t need to know how to fix things - but few know the way. Here on this show, I simply tell you the things that I would have wanted to know before I started down this road to freedom back in 2002, which is when I bought that seminal four-plex building. You are where you are today because of you. Your life isn’t a fluke and it isn’t an accident either. You are where you are because of your choices. Well, let me ask you - were you meant to be doing what you’re doing now? Were you put on this earth to do … that? You probably know definitively without me even having to get specific - you already know - yes or no - if you were MEANT to be doing what you do for money now. See, the #1 limiting reason that people give for why they can’t do something that they really want to do in their life … is … money. So, time vs. Mo
Released:
Jan 13, 2020
Format:
Podcast episode
Titles in the series (100)
1: Your Abundance Mindset: #1: The wealthy think differently than you do. In this episode, you learn about how those who spend more of their time & effort making lifestyle sacrifices to the downside, leave neither resources nor opportunity to learn about how to expand... by Get Rich Education