Real Estate Investing with Coach Carson #403: How to Replace Your Job Salary With Rental Cash Flow
11 snips
Apr 21, 2025 AI Snips
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Episode notes
Mindset Shift Is Key
- Replacing your job salary with rental income is primarily a mindset shift, not just a financial problem.
- Transitioning from building a portfolio to harvesting income requires different skills and mental readiness.
Emotional Barriers to Transition
- Fear of losing steady income and emotional attachment to investments often block transitioning to harvesting phase.
- Many investors hesitate to stop acquiring properties because they enjoy the thrill and see deals as personal achievements.
Use Portfolio Buckets
- Divide your portfolio into mental buckets: one for low-risk income properties and another for growth with leverage.
- This helps balance harvesting income while still pursuing growth opportunities.