Try Life On 81: A Journey of Reinvention and Financial Growth: Sean Way’s Consultation with Maurice
Oct 25, 2024
Sean Way, a longtime listener from Detroit, is making waves in the IT field while seeking financial freedom through real estate. He shares his unique journey from mass communications to IT, including entrepreneurial endeavors that shaped his financial outlook. The conversation dives into the complexities of property ownership, exploring whether to invest through LLCs versus personal names. With Maurice's guidance, Sean learns about relationship-building in real estate and the significance of mentorship in achieving sustainable financial growth.
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Sean's Career Shift And Financial Trigger
- Sean grew from studying mass communications into IT and now earns mid-six figures as a senior product manager.
- He has twins, receives about $60k annual bonuses, and wants to start investing for time freedom.
Use Intentional Storage To Fund Assets
- Store surplus income intentionally into a labeled account for future asset purchases.
- Use bonuses plus monthly savings to accumulate sufficient down payments and buy your first investment property.
Reinvest Cashflow To Shorten Acquisition Cycles
- Reinvest rental cash flow into your savings to shorten the time between purchases.
- That compounding cycle speeds acquisition and accelerates financial freedom over years.