Many people dream of retiring at an early age to spend time pursuing other activities or projects. Creating passive income with real estate can make that happen, but you also need to know how much money you'll need to pay for it all. In this episode, you'll hear from an investor with some great advice for people who want to streamline their plans, and make it easier to reach their goals.
Kathy Gottberg talks about rightsizing (as opposed to downsizing) your lifestyle and your financial plan so you can do the things you want. Kathy and her husband Thom got rid of the oversized home, the extra cars, and put the money they saved into real estate investments, for decades. The payoff? They have enough passive income to pay for their travels and other pursuits.
For Kathy, that includes writing. She doesn't need the income but she loves doing it. She's a long-time blogger with a website called www.SMARTLiving365.com. SMART stands for her five topics: Sustainable, Meaningful, Aware, Rightsized, and Thankful. She's also the author of seven books including one called: "Rightsizing--A SMART Living 365 guide to Reinventing Retirement."
You can learn how to create your own cash-flowing real estate portfolio at realwealthshow.com. Sign up for free and get access to our learning center. You will also have access to our Investor Portal where you can see sample properties and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.
And please remember to subscribe to our podcast and leave a review! Thank you!
