Flip and Danny recap the first six episodes: how to retire in five years, calculate your freedom number, find hidden money in retirement accounts, build generational wealth through family structures, and start passive income through trusted relationships. They share 2021 business metrics and offer worksheets and community links.
Questions this video answers
January 7, 2022
Out of 100 people studied, 92% were broke or working in retirement and 8% were financially free.
$670,000
Deployed $12 million; climbing toward $50 million in assets under management
$1 billion AUM target
Hey, everybody. Flip and Danny here, founders of the Freedom Real Estate Group, family of companies. And welcome to another episode of Freedom through Passive Income. And today's episode is just a little different. We're going to do this every Friday.
That's right.
And, and this is week one. I'm putting the inserting one because next week it'll be week two.
Oh, my goodness.
In review. And this is our key takeaway from this past week.
Yeah. And this just proves that we are listening to you. So we keep on asking for loves, comments, likes, feedback, whatever. So somebody had said, hey, this is a 365 day series. That's a lot. Tony Robbins says repetition is the mother of skill.
Yes, he does.
Why don't every week you do a hey, this is what we talked about this week and here's the key takeaways from them. And that way we get to hear them again. And anybody who missed some episodes gets a short summary of what we did, right? Yes. What a great idea.
And in the YouTube channel down below in the description, we're going to have links to every day.
Yes.
So that way you don't need to worry about, oh, now I got to find day three or you know, in 300 days for night. Oh, I got to find day 295. We'll put the links in the YouTube description below.
Yeah. So thanks for that feedback. Keep it coming.
Absolutely. Okay, so episode one, Remember that way back when?
Yes, six days ago.
I know. How do we set ourselves up to retire in five years?
Yes. So this was a great episode. The key takeaways, I have two for each episode. First one is don't do it the hard way. Our hard way, when we built six companies. But then we learned about multifamily and we realized that we can do it a lot easier than we were doing it. So don't do it the hard way. Learn from our mistakes. Even though six companies was not a mistake. Just saying I love them. The other key takeaway is the Social Security administrative stats, which is out of 100 people. This was years ago. Out of 100 people they studied and 92%, by the time they reached retirement, were broke. They were living off family or they were working because they had to. Only 8% of that hundred ended up being financially free. So that's our passion behind doing what we're doing with this podcast.
That's right. Episode two was called what is passive income and what is my freedom number.
That's right. So what Passive income is not. People ask all the time, what's Financial freedom to you, it's not a million dollars sitting in the bank. It's passive income coming every single month whether you're working or not. So we could be in Australia. I think that's what we said in that episode. Yes. In New Zealand. And our passive income could be taking care of everything that we need and everything that we want. And that ties into the freedom number because we created a worksheet based on what you did for us to figure out, hey, what is your freedom number? What is it going to take for you to be able to live that life of passive income and live the life you desire so that you're working because you want to, like we are right now, instead of you having to. And you can download that worksheet@freedomcapitalinvestments.com worksheet.
Awesome. Then we had episode three, which was called how to increase your income and uncover your mattress money.
That's right. We came up with the mattress money thing after we recorded what's in your mattress. That's right. But that was. Mattress money was talking about the resources that you have. A lot of people don't even realize that their retirement accounts can be used for investing. They've got, you know, 50,0001-000003-00000 sitting in retirement accounts that, quite frankly, is not even keeping up with inflation after fees. So those are the resources that we talked about. And then also on a worksheet that you can find@freedomcapitalinvestments.com worksheet, if you look at page three, it has a bunch of questions that ask you how you can increase your income. And all the questions we asked ourselves in order to come up with that freedom number and find out how much we had ready to start investing right away.
Right then we had episode four. And episode four was called the benefits of treating your family like a business.
That's right. So one of the key takeaways for this one was that your kids and your family, they learn by seeing what you do. So this goes back to generational wealth and generational changes and how much of an impact that you can make. So based on how our parents taught us, if we had kids, we could be teaching them just a little bit different thing, which is what we're doing right now, how we're living our life is very different than the way our parents lived our lives. That would have created an impact, a serious impact on our kids. They would have a different, you know, life, and then they would do the same for their kids. And that's how Generational changes and wealth is created and then also stuff for time. We talked about that. A lot of parents feel like I've got to keep up with the Joneses or I got to give my kids all these things to make them happy. And that's not true. You know, you can make them happy in different ways. And one of those ways is time and the fact that you are creating passive income so that you can be at all their games and that you can pay attention to them and you can take them on great vacations. Quality time is far more important than stuff. And so. And you had put on the video, put your oxygen mask on first before helping others. That's right. You can't take care of anybody else if you're not taking care of yourself first.
Right. And also the oxygen will be flowing even though the bag will not inflate. Just episode five, how do I get started building passive income streams?
That's a great one. So we started with, excuse me, who you know like and trust. So if you're sitting here listening to us, it's because somehow we have been connected and hopefully you know like and trust us. So you're learning from us. And you may invest. Just knocked on the table. You may invest with us. And we talk about values a lot. I think you start learning who you know like and trust based on similar value systems. So in that video we started talking about that and what values are important to us. The other key takeaway was surrounding yourself with like minded people. And we love real estate.
We do.
We are hugely passionate about real estate. So if you are the same and that's one of the ways that you want to build wealth, then that's, that's another way to get started. It's is surround yourself with other people who are doing that too.
That's right. Then episode six, we decided to change things up and do a live episode. And that was our 2021 in review. And what's exciting coming up in 2022.
That's right. So we talked about the fact in 2021 we paid out approximately 670, $670,000 in cash flow to our partner investors. That was almost double what we did in 2020. And then we have almost. We're climbing to 50 million in assets under management and we had deployed $12 million. And then our future and our vision for this company was to have 1 billion of assets under management. And that means we're probably going to have $250 to $500. $250 to $500 million that we'll be raising in capital from partner investors to participate with us and be more diversified in all that they do. That means we're going to be able to be providing consistent opportunities to the investors that we surround ourselves with. So super, super exciting.
Awesome. Well, that is the week in review.
Boom.
Boom. And here's today's day seven. Uh, and so we'll, we'll try to do this every week. Again, we'll put all the links below. But again, we also have our groups, our Facebook group, which is facebook.com group.
Freedom through passive Income.
And then we also have our group on LinkedIn if you're not on Facebook. And then that is just go to LinkedIn and type into the search bar.
Freedom through Passive Income.
And you're gonna find us in there, too. But again, make sure you hit the heart button, the like button, the. The comment button.
Subscribe to our channel so you don't miss a beat.
Yeah. Go to our YouTube channel again. Make sure you let us know. Tell us these things. We love, love hearing these responses.
Yes.
So that way it make these better for you. And it's not just what we're doing. We want to make this. It's good for you as well.
Yeah.
And again, so make sure you leave us reviews, any comments? But again, also, look at this. I am the champion. This is the first annual inaugural Freedom Real Estate Group Fantasy Football. And for some reason, I don't know how I won, but I won. It was. I didn't expect it. Three weeks going into the final, I was like, there's no way even possible that I'm going to win this, but I'm marijuana.
And if you're listening in your car on the podcast, you're going to have to look at the video to be able to see what he has, but he had it on his desk. And I said, bring that to today's episode. That's hilarious.
Remain on my desk for 364more days.
That's awesome.
That's right.
Congratulations.
Thank you very much. It was hard work. But again, we always like to end these with invest smart, live happy. Bye, everybody. Nothing on the show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on the show are not guaranteed. All investment strategies have the potential for profit or loss.
