As we grow, should our strategies and goals grow too?

[John Dunham]

Hey BP,

Just checking in. I've been reading a lot about goals recently and it has me thinking, "As we grow, should our strategies and goals grow too?"

For a lot of us, our end goal in life is Financial Freedom. But how do we get there, and what RE strategies do we pick along the way?

I see that money is grown in three stages:

1. Acquire Capital

2. Grow Capital

3. Preserve Capital

As we move from 1 to 2 and 2 to 3 does it make sense that our strategies would change? For instance, at 1 maybe we flip houses, at 2 we invest in multifamily for cashflow, and at 3 we start looking at tax strategies as ways to structure our wealth to preserve it for the long haul.

I’m constantly seeing people say pick a strategy and stick to it, be a master of one, not a master of none. But should the strategy change?

Just a little discussion piece, comment below your thoughts!

I’m in the Chattanooga, TN and Memphis, TN areas if anyone wants to meetup for coffee and mastermind don’t be afraid to reach out!