How do you define it? For me, it is residual income, and the free time to do whatever puts a smile on my face!
I find myself, after 25 years in real estate, it the same position most people who have done a job (just over broke).
Asset rich and cash flow, not so much!
At least not enough to be able to do whatever I want, whenever I want to. Secondly, I want to be have something to share with others to have a sense of contributing back .
Real estate has been great and I am most grateful to my many clients and especially my repeat clients over my career. At this time of my life, I do not want to be chasing yet another listing or looking for another buyer. I want residual income.... like musicians make or authors!
I have no musical or writing talent so what to do. I thought another revenue property would do it. That would require a large down payment, depleting my emergency fund and then the rental income would just cover the expense of the mortgage, property taxes and R&M. No extra cash flow to give me a nice income in retirement.
Thanks to a chance conversation I was introduced to a company which offers a business opportunity to create a residual income which is transferrable upon death doing something I love, helping others become successful as well. Of course, there is a product which is patented and in category creating areas of health and wellness and anti-aging. So I fit the demographic!
So with gratitude to my clients and colleagues, I say farwell to my real estate career and hello to better health and a better future! I am looking for likeminded people who want to join me in this new venture to financial and time freedom, with a side helping of feeling great to enjoy it all.
Give me a call if you are interested in learning more!
"Helping people realizing their financial and time freedom dreams while improving their health and wellness."