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Millionaires Unveiled
355: Net Worth Of $6.5M - Finding Balance Between Investing & Spending; When Another Million Doesn't Change Happiness Levels
Apr 29, 2024
Eric, a real estate investor with a net worth of $6.5 million, talks about finding balance in investing and spending. He shares his journey from reading Rich Dad Poor Dad to building a portfolio of 55 houses and a 10-unit apartment building. Transitioning to passive investments, like real estate syndications, Eric focuses on lifestyle and a hands-off approach.
41:19
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Quick takeaways
- Setting achievable goals and tracking progress is crucial for success in real estate investments.
- Balancing between financial success and personal fulfillment is key to enjoying life while pursuing wealth in real estate.
Deep dives
Setting Achievable Goals
Setting achievable goals and tracking progress is essential for success. The speaker emphasizes the importance of setting goals and how each time a goal was put on paper, it was achieved. Reflecting on past achievements, the speaker highlights the need for continuously aiming higher and setting new goals once previous ones are reached, like owning 10 houses and then aiming for 20 or 50. By writing down goals, putting them on a spreadsheet, and calculating the steps to achieve them, the speaker stresses the importance of taking incremental steps towards success.
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Discover
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