Want to Achieve Financial Freedom? Stop Spending So Damn Much!

Saving moneyOver the past several months I’ve had dozens of discussions with family, friends and colleagues surrounding various topics related to investing in order to achieve financial freedom.  These discussions have blurred a number of different topics – What are the best investments?  What exactly is financial freedom?  How do I approach an opportunity?  How do I get over my fears?  And the list goes on.

Today I’d like to cover one of the most important topics to achieving financial freedom.  This topic in particular revealed both significant discomfort and resistance from the majority of my colleagues during our conversations – saving for financial freedom!

Saving for financial freedom isn’t a new concept.  It’s not even a complicated one, it’s simple, spend less than you earn and save the rest; optimally save as much as you can.  After all, if you aren’t capable of saving, you won’t have very much money to invest towards achieving your financial freedom!  Ironically, in almost every instance where the topic was brought up, the reactionary comment was something along the lines of “I can’t save any more money; I’m already barely getting by!”

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Real estate investing is based on facts, not emotions!

All of our investments go through a vigorous multi-step process including ensuring that our properties meet all of our crtieria, including the following main ones:

  • Cashflow positive even after contingencies (vacancy and repair allowance)
  • Can deal with mortgage rate fluctuation and a degree of risk
  • Attracts and maintains lower risk, lower maintenance tenants