Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

Become Financially Free In 10 Years Or Less!? #shorts

29 Apr 2025 · 1 min

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0:43

In this concise YouTube short, the speaker outlines a three‑phase personal‑finance roadmap aimed at achieving financial independence within ten years. Phase 1, called “shred,” focuses on aggressively paying down principal to build equity. Phase 2 involves moving that equity into readily accessible assets that can be deployed for investment. Phase 3 centers on creating large, passive, permanent income streams—investments that generate regular returns—so that income exceeds expenses, resulting in financial freedom. The speaker asserts that following this sequence can enable financial freedom in ten years or less.

Chapters

I like to say we have phase one, phase two, phase three. Phase one is shred; it's blasting away the principal, creating a ton of equity. Phase two is what do you do with the equity? We need to move it to someplace where it's easily accessible, and we can go deploy it where we want to deploy it. And phase three is how do you build massive, passive, permanent streams of income? And that looks like finding investments that you can put some of that excess equity into that generate a passive return month after month after month or quarter after quarter. And once you do that, and you've created enough in income to supersede your expenses, you're financially free. And we believe you can do that in 10 years or less.