Three Ways to Stay Focused on Freedom

So much happens in the short time between a property going under contract and closing that it's easy to get lost in the details.  But after a deal closes and we let the investors know, the feedback starts to come in and the real reason we do this comes front and center.  

An investor on a property we closed last week sent me a text message today thanking me for the fact that his hope of living life on his own terms just became real.  He has a demanding full-time W2 job and a family to support.  This was his first passive real estate investment but he sees the potential and is fully committed to getting a strategy together.  

Passive investing is basically passive, but we get what we focus on so here are the top three ways I have found for passive investors to stay focused on financial freedom.  

1. Increase your knowledge of personal finances and stay current.  One of our goals at Blue Ring Investors is to provide education on how syndication deals are structured so that the short time between contract and close doesn't seem so short.

2. Get a strategy for disciplined portfolio construction.  This requires a team with your financial planner and/or tax strategist, your syndicator(s), and your life partner if you are in a relationship.  Don't be jaded by past financial disasters.  New day, brighter horizon.

3. Stay mentally and physically fit.  It's easier to stick to a budget, delay gratification and avoid worry or anxiety if you are healthy and mentally strong.

Skills you can use for a lifetime will propel you toward your financial goals while you work smarter, not harder.