Time with Family
In my corporate career and while running my mortgage business, I traded my time for money. I sacrificed time that belonged to my family and me to my paycheck. In my mortgage business, I found the more time I put in the business, the more income that I made. As soon as I stopped working, I stopped generating income. I closed over $150 million in residential mortgages but worked 12-14 hour days. I had discovered financial success but wasn’t leading a balanced life.
Building Passive Income
While running my mortgage business, I leveraged my income to create a real estate investing rental business that generates passive income. Now, once I acquire and prepare the right rental, I turn it over to my local property manager to run. Then without logging any day to day hours, the passive income begins to work for me. I receive the monthly cash flow as long as I own the property, with minimum time required.
I do put my time and effort upfront to acquire the right investment, but I can work around my children’s schedules, and I have full control of my time. Although it varies by property, the most time and effort that I put into each project is between 1-2 months. During these 1-2 months, I will invest a maximum of 5-10 hours per week for each new project. Leaving plenty of time to enjoy my family
The Gift of Time with Family
This site is about YOU… how to build a profitable real estate passive income business so you can give yourself the gift of time with family. The real beauty of a passive income business is that you will never have to choose between time with family and a career again.
Please leave your comment below about what career can give you a well balanced life.