Do you have a plan and a strategy to achieve that plan? #realestate #financialfreedom #money

11 Jul 2023 · 1 min

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0:35

Short motivational talk by Steve D Valentine about achieving financial freedom through real estate. He outlines a reverse-engineering approach: set passive-income targets (e.g., $10k–$20k/month), plan property acquisition cadence (e.g., one house every two years), and aim to own several paid-off properties (example: 10 homes paid off by age 50–55) to generate sustained passive income.

Questions this video answers

$10,000 to $20,000 per month.

Buy one house every two years.

10 homes.

By age 50 or 55.

Chapters

So a lot of people, typically my students are like, I want to make 10 to 20 thousand dollars a month in passive income. And then we reverse engineer it, right? So if you start, you're younger, you know, you're looking at, okay, so if I buy one house every two years and I get to that point to where I have 10 homes and they're paid off by the time I'm 50 or 55, I'm now producing $20,000 a month in passive income. I don't have to work. Then the real estate is free and clear. What can I do more of? Right? But if we don't have those targets or those goals or we don't understand those numbers, we don't have a target to hit, Right? And that's the fun part about colle real estate is realizing, like, all the benefits it has, not just now, but in the future.