Financial freedom comes from saving money and Investing in rental real estate

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Added 4 years ago by andem

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One of my favorite books is Rich dad poor dad (https://amzn.to/2UACI9j).
I learned everything I know about financial decision making from that book, I was lucky enough to have come across it early in my career. I recommend everyone to read it. If you're going to invest in real estate, the best way to start in my opinion is multi-family homes. 2-3 units per home can provide a great return. Never buy a single family if you plan to just live in it unless you already have passive income coming in. People made the mistake of buying expensive single family homes that they could barely afford and the financial crisis of 2008 happened. Needless to say many people lost jobs and if you depend on a job to pay your house, you're in trouble!

The key idea to take away from this video is to save as much as you can by making the sacrifices today so that you can enjoy your life in the next 10 years. What's the point of waiting for retirement if you can reach financial freedom in 10 years? The best way to achieve this in my opinion is through saving a ton of money and investing in multi-family real estate over the years.