We are over halfway through January 2021. How are you?
Have you fully shaken off 2020?
What did you promise to do in 2020 that did not get done?
What are you planning to do in 2021?
Maybe this is the year you want to achieve financial freedom. Financial freedom means the ability to have your passive income pay all of your expenses. I believe financial freedom is necessary for many reasons, and there are different ways to reach it.
We all feel freer when we have options.
For example, what if there was only one fruit that you could eat and this option wasn’t your favorite? That doesn’t feel free compared to all the options at the grocery store.
The same goes for investing. Most of us start a job that has a 401K and leave it at that. The problem is we can’t access that money easily without having to pay hefty penalties. And the theory behind it baffles me. Save your money now, tax-deferred, so that when you “retire,” you will be in a lower tax bracket and will pay less in taxes.
Who wants to be in a lower tax bracket when they retire? That means you make less money, which means fewer options. Is that what you want in retirement?
What if your child or your parent became ill and you wanted to spend time with them, you needed to spend time with them, but your job only offered a limited amount of time off.
Making options for yourself and your family takes discipline. It is not necessarily easy to save money and build passive income. But you can do it. And if you want to have options, you MUST do it.
There are so many resources available to help you get started and keep you motivated.
Start by downloading my ebook 7-Steps to Building Resilient Wealth. Make a plan to finish the work.
I would love to be a part of your support team. Schedule a call to start the conversation about what steps you can take to build that passive income.
This is our year. Let’s do this!
Until next time, give your money a mission, invest in real estate that provides a financial return, and improves communities.
