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Wealthy Way

How To Quit Your Job With Real Estate Investing | Micheal Zuber

Feb 12, 2024
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.
01:27:52

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Podcast summary created with Snipd AI

Quick takeaways

  • 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.

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.

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