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Updated over 6 years ago on . Most recent reply

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Engelo Rumora
  • Investor
  • Toledo, OH
2,085
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4,533
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Financial Freedom... How about "Financial Stability" instead?

Engelo Rumora
  • Investor
  • Toledo, OH
Posted

G'Day everyone,

Over the years I have spoken to thousands of real estate investors through my various companies.

They all seem to be caught up on the "Financial Freedom" buzz word.

I'm posting today to open your eyes up to a different approach. 

Building a portfolio of any sort takes time. Passive income is one that will slowly subsidize your cost of living; however it does not happen overnight. When we see any product that guarantees or sets irresponsible expectations of the ease of double digit returns instead of being drawn in we should run for the hills. 

Too many times have I seen "great" paper figures turn into a S#@% reality.

Is it not ok to underestimate your income and overestimate your expenses like I've mentioned here numerous times?

Have we ever curated realistic expectations that can actually be exceeded as opposed to always sheer disappointment and blaming others?

Maybe it's time to reset and build from the ground up. Not just fundamentally with a new strategy, but also our mental psyche.

Far too many times do I hear investors say "I want financial freedom", but instead let’s change that narrative. I want to build financial stability through the progressive action of finding the right people or company to trust. 

No matter what your strategy you will always need a good realtor, property manager, contractor, handy man, title company, insurance agent, attorney, accountant, mentor, turnkey provider, etc... 

Even when "Financial Freedom" is achieved it will still need to be managed through the network of people you have established.

If you don’t trust the people managing your experience of financial freedom you probably shouldn’t invest with them either. 

The people you surround yourself with will either make or break your investment so take your time and choose wisely

I'd love to share my resources with you to help you along the way and would appreciate everyone else sharing theirs.

Feel free to reply below with what you want/need and let's help each other out.

Your truly favorite Aussie,

Engelo Rumora - The Dingo

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Oz Realty
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