Cashflow Quadrant Shift

Dear BP,

Last you heard from me I was working on my first investment property. As exciting as it was, it is A LOT of work. I went from being a bartender/real estate agent to being a bartender, real estate agent, landlord, contractor, landscaper, accountant, babysitter, and so much more. As a young entrepreneur trying to hit my goals of private jets and lamborghinis, I realize the importance of leveraging my time as well as my money.

I am not rich, I am actually flat broke, $36,000 in debt to be exact. Ironically, none of this is from the apartment, just exgirlfriends and poor decisions. Now this isn’t to brag about how I bought an apartment building with terrible credit and no money down with no money put away for rehab or holding costs (although that made it sound like it might be), but to show you the mindset switch needed to get all this debt taken care of so I can tackle my next project.

“Goals are dreams with a deadline.” - Napolean Hill

See the Lamborghinis and private jet aren’t just dreams, they are goals. I have a plan in place to get there, only I realized it would be much cooler to have all these things sooner, so I recently rewrote my plan. It’s more of a restructured cash flow quadrant than an entire plan. If you haven’t read Robert Kiyosaki then please pause this and come back when you’re done.

My original plan was to filter money from my bartending gig into my investment business and work agency on the side. After a few months of attempting to execute this plan, I realized it was slow moving and honestly, the easy way out. I could use my easy money from bartending to just get by in life and try to snowball my investing business. While my real estate license cost a couple bucks a month to keep active. The new plan is to use agency to fuel the investing fire and replace my income from bartending and eventually quit bartending all together (good money, crap hours).

So now I step forward in this new direction, with a solid plan and high goals.