Wealth building strategies: Make money while you sleep
Back in my 20s when I started my real estate venture, a quote by Warren Buffer changed my life and stuck with me ever since:
“If you don’t find a way to make money while you sleep, you will work until you die”
The idea is polarizing.
You either lose time with family and friends thanks to another deadline at work, skip much-needed vacations, struggle with debt, attempt to adequately prepare for retirement…
Or you don’t.
After obsessing over this idea, I spent the last decade learning how to use real estate as a vehicle for passive income.
I realized the single best daily action one can take to build passive income and wealth is by analyzing deals for 30 minutes once a day.
This has two benefits.
- You will notice patterns, learning to identify price points and areas where the highest returns are found
- You will get faster at deal analysis to help you quickly determine whether you should submit an offer
But further than the skill of deal analysis, I discovered overall wealthy individuals have mastered three areas in their life:
This is the bridge. By understanding the power of each, you’ll attract more opportunities around acquiring wealth-building assets.
The greatest transfer of wealth will happen in the next 5-10 years. To take advantage we’re doing a deep dive into mastering these three areas this month. Then, next month I’ll share some exciting new investment opportunities and some case study examples.
More next week. Same time. Same place.
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