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Real Estate Investing with Coach Carson
#385: Want Financial Freedom in 2025? Do This. [FULL BLUEPRINT]
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.
52:20
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Quick takeaways
- Financial freedom requires strategic understanding of wealth accumulation, with examples like needing $2 million for a $120,000 income target.
- The tortoise strategy advocates for steady, incremental property purchases, emphasizing that consistent success outranks rapid gains in real estate.
Deep dives
Understanding Financial Freedom
Financial freedom is defined as achieving a state where investment income covers all living expenses, eliminating the need for a traditional job. This ideal situation not only provides monetary pleasures but also offers the invaluable resource of time to pursue what truly matters in life. The episode emphasizes understanding how much wealth is needed to reach this financial freedom, using strategies like the 6% rule to calculate one’s financial independence (FI) number. For example, to achieve a target income of $120,000 per year, an aspiring individual would need around $2 million in investments if using a conservative 6% return assumption.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode