Real Estate Investing with Coach Carson #385: Want Financial Freedom in 2025? Do This. [FULL BLUEPRINT]
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Feb 17, 2025 Uncover the secrets to achieving financial freedom through real estate by 2025. Learn about the impactful 6% rule and the 'tortoise strategy' for steady growth. Discover the advantages of acquiring one property per year while managing your income and expenses effectively. Explore essential financing tools and the importance of negotiation skills in property acquisition. Lastly, embrace patience and teamwork as fundamental aspects for successful long-term wealth building in real estate.
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Financial Freedom Defined
- Financial freedom means investment income replaces job income, giving you control over your time.
- Calculate your FI number (financial independence number) to determine the income needed for financial freedom.
The 6% Rule
- Use the 6% rule: Divide your FI number by 0.06 to estimate the wealth needed for financial freedom through real estate.
- This helps calculate the gap between your current net worth and your FI goal.
Real Estate Examples
- Chad Carson presents two examples of achieving a $2 million wealth goal through real estate.
- One involves owning 10 paid-off single-family houses, the other 25 units with mortgages.
