How To Quit Your Job With Real Estate Investing | Micheal Zuber
Feb 12, 2024
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Real estate investor Micheal Zuber discusses disciplined time management, challenges of building a rental portfolio, and strategic investment decisions. Achieving financial freedom through real estate while working a regular job, the value of charging for content and pursuing a mission, accumulating wealth through real estate investing, understanding discretionary income, and utilizing discretionary time are some of the interesting topics covered.
Discretionary income can be used to create wealth over time by making intentional choices about where to allocate and invest extra income.
Building wealth and achieving long-term success require a significant time commitment, consistent effort, dedication, and learning from both successes and failures.
Surrounding oneself with a supportive and growth-oriented circle of friends and influencers can significantly impact mindset, motivation, and opportunities for success and wealth.
By strategically pursuing skill development within one's job and taking advantage of professional development programs, individuals can position themselves for career advancement and potential salary increases over time.
Deep dives
The Power of Discretionary Income
One important concept to consider is discretionary income, which is the money left at the end of the month after all fixed expenses have been paid. By understanding discretionary income, individuals can make intentional choices about where to allocate and invest their extra income. This may involve cutting unnecessary expenses, such as leisure activities or luxury items, or finding ways to add more income through side hustles or career advancements. It's essential to realize that discretionary income can be used to create wealth over time, but significant results often require a long-term commitment of around 10 years. Lastly, it's crucial to surround oneself with positive influences and block out negative voices in social media feeds, as these can significantly impact motivation and mindset.
The Value of Long-Term Commitment
Building wealth and achieving long-term success often require a significant time commitment and perseverance. It's important to recognize that success is not usually achieved overnight or through quick fixes. Rather, it requires consistent effort, dedication, and learning from both successes and failures along the way. One must make a conscious decision to commit to a long-term journey, embracing the challenges and setbacks that may arise. This could involve making sacrifices, delaying instant gratification, and staying focused on the end goal. By maintaining a long-term perspective and staying committed despite difficulties, individuals can increase their chances of achieving their desired level of success and wealth.
The Benefits of Surrounding Yourself with the Right Circle
The importance of surrounding oneself with a supportive and growth-oriented circle of friends and influencers cannot be overstated. Building wealth and achieving success can be challenging, but having a network of like-minded individuals who are driven and ambitious can significantly impact one's mindset, motivation, and opportunities. It may be necessary to reevaluate current friendships, identifying those that may be holding one back or perpetuating negative behaviors or mindsets. By actively seeking out and connecting with individuals who inspire and elevate, individuals can create a supportive and empowering environment that can fuel personal growth and success.
Maximizing Opportunities Within Your Job
While increasing income through a steady job may not always be feasible or easy, there are ways to leverage opportunities and enhance skill sets within one's current employment. By continuously seeking new challenges and taking on responsibilities that allow for growth, individuals can gain valuable skills that may be useful for future opportunities. Additionally, many employers offer professional development programs and financial support for continuing education, which can be utilized to gain new skills and certifications. By strategically and intentionally pursuing skill development within one's job, individuals can position themselves for career advancement and potential salary increases over time.
The importance of having a purpose and commitment to learning
To successfully learn new skills, it is crucial to have a strong purpose and commitment to learning. Without a clear reason for learning, it becomes easy to give up when faced with challenges or setbacks. It is important to be inspired and motivated to embark on the learning journey, as it will require time, effort, and perseverance. Understanding your why and having a clear purpose will help you stay focused and committed.
The three tiers of learning
There are three tiers of learning: Tier 1 is teaching, where information is shared and inspiration is conveyed; Tier 2 is personalized coaching or consulting, where a mentor or consultant customizes the information and provides actionable steps tailored to the individual's goals and circumstances; and Tier 3 is accountability, where regular check-ins and feedback help ensure progress and adherence to the learning plan. Each tier builds upon the previous one, with accountability being the highest level that drives the most success.
The impact of accountability and individualized coaching
Accountability and individualized coaching play a crucial role in successful learning and skill development. Being held accountable to specific actions and goals helps individuals stay on track and make consistent progress. Personalized coaching allows for tailored guidance and support, ensuring that the learning plan aligns with the individual's goals and circumstances. By combining accountability and individualized coaching, individuals have a higher likelihood of achieving their learning objectives and translating newly acquired skills into tangible results.
Meet Michael Zuber, who built a real estate portfolio while working a full-time job, as he shares invaluable insights on disciplined time management, the challenges of building a rental portfolio, and strategic investment decisions in this eye-opening interview. --- Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/ --- Watch Ryan’s presentation on legacy now - 40 Minutes That Will Change Your Life Forever - https://youtu.be/uimitUn3wxI
Watch Ryan’s video about his business struggles and how he overcame then - Real Estate Reality Check: My Multi-Million Dollar Loss Story | Ryan Pineda - https://youtu.be/GJXuZX66J7c
Connect with Michael! Website - https://onerentalatatime.com Instagram - https://www.instagram.com/onerentalatatime/ YouTube - @OneRentalataTime Watch their previous episode - How To Build a 180-Property Portfolio While Working a Full-Time Job | Michael Zuber - https://youtu.be/I8mJUqgP14M
Michael Zuber has built his real estate portfolio while working a full-time W2 job. He’s been fortunate enough to love his W2 job, but many don’t love their career and want to go full-time in real estate or some other side hustle.
If you do something from 5 - 9 PM for a couple of days every week, you’ll have something significant in a decade or less. Ryan started flipping houses and became a millionaire in only a few years. What people don’t understand is that he was developing his skills for years.
Michael left his career in early 2018 and soon started feeling very depressed. He felt like he wasn’t contributing and had no purpose. He started his YouTube channel and released 5 videos per day! He created over 1,000 videos, and no one was watching! Michael was so dedicated to creating something that will outlast him; he kept creating.
Michael shares his journey growing his portfolio. He shares how he and his wife’s incomes funded their lifestyle, but all cash flow from rentals went towards growing the portfolio. Now, Michael has amassed 180 rentals! He shares that the portfolio hadn’t seen any serious cash flow for the first 5-6 years. So, if you’re trying to get some supplemental income, rentals aren’t the best choice in the short-term picture. You will not be financially free in rentals until about year 10, and it’s not an easy journey.
Americans have an average of 4 hours of discreti
--- If you want to level up, text me at 725-527-7783!
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/ --- ---
About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media a...
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