Turnkey Investing - Passive Income Is Not a Euphemism for Free Money

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If you want to set up a system that is as passive as possible, then direct ownership of properties that are managed by a property management company is probably the most. If you take on any other strategy, whether that's wholesaling, flipping syndication deals, even turnkey investing, like people are attracted to it because it seems on the surface like it would be less work. But what they're really thinking is that it seem on the surfacelike it's a get out of due diligence free card. And it is not.

Our special guest this episode is Paula Pant, of Afford Anything. Some of you may know from her work in the FIRE community where is a prominent personal finance blogger and podcaster. We talk about the importance of learning your financial psychology and what drives your saving or spending habits. We discuss some great things to think about when and if you decide to invest in real estate as well as the need to live your best life now. Paula encourages that we make changes where we can to prevent burnout and increase our happiness as we work towards financial independence. She talks about the importance of outsourcing when possible and being intentional about how and where we spend our time. See the full show notes here https://www.whitecoatinvestor.com/afford-anything-with-paula-pant

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