THE SECRET TO FINANCIAL INDEPENDENCE...IT'S NOT YOUR W-2

I am passionate about personal financial education and financial independence. No matter who you are, everyone should strive for some point of financial independence.

There is a lot written on financial independence and even a chart showing 7 levels of financial independence that goes from creating a budget to abundant wealth.

If you want to reach financial independence, you essentially need to increase your income, decrease expenses, and invest the rest.

For the majority of us, our full-time W-2/1099 job is not sufficient to help us reach financial independence. Other sources of income is necessary.

𝐓𝐡𝐞 𝐬𝐞𝐜𝐫𝐞𝐭 𝐭𝐨 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐢𝐬 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐬𝐭𝐫𝐞𝐚𝐦𝐬 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞.

You might ask, "how can I create multiple streams of income when I am just barely surviving each day with my job and family obligations"?

𝙈𝙖𝙭𝙞𝙢𝙞𝙯𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙩𝙞𝙢𝙚 𝙖𝙣𝙙 𝙢𝙖𝙠𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙢𝙤𝙣𝙚𝙮 𝙬𝙤𝙧𝙠 𝙛𝙤𝙧 𝙮𝙤𝙪 𝙚𝙫𝙚𝙣 𝙬𝙝𝙞𝙡𝙚 𝙮𝙤𝙪 𝙨𝙡𝙚𝙚𝙥 𝙞𝙨 𝙩𝙝𝙚 𝙠𝙚𝙮. 𝙏𝙝𝙞𝙨 𝙞𝙨 𝙙𝙤𝙣𝙚 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙘𝙧𝙚𝙖𝙩𝙞𝙣𝙜 𝙥𝙖𝙨𝙨𝙞𝙫𝙚 𝙞𝙣𝙘𝙤𝙢𝙚 𝙨𝙩𝙧𝙚𝙖𝙢𝙨.

𝐏𝐚𝐬𝐬𝐢𝐯𝐞 𝐢𝐧𝐜𝐨𝐦𝐞 𝐢𝐬 𝐢𝐧𝐜𝐨𝐦𝐞 𝐛𝐞𝐢𝐧𝐠 𝐞𝐚𝐫𝐧𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐢𝐧𝐢𝐦𝐚𝐥 𝐨𝐫 𝐧𝐨 𝐞𝐟𝐟𝐨𝐫𝐭 𝐟𝐫𝐨𝐦 𝐲𝐨𝐮. Examples of passive income include stock investing, real estate investing, creating online courses, selling eBook, etc.

I focus on passive real estate income because of the potential returns I have been able to receive, the tax benefits, and the recession resistant nature of the investments.

I consider every real estate property I invest in as one stream of income as they are really independent businesses. This allows me to have many streams of income all bringing in passive income to bring me to financial independence.

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐩𝐚𝐬𝐬𝐢𝐯𝐞 𝐬𝐭𝐫𝐞𝐚𝐦𝐬 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐧𝐨 𝐦𝐚𝐭𝐭𝐞𝐫 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧.