Flip Tip Summary

Real estate investing offers incredible opportunities to build wealth and income, but it’s meaningless if you don’t know why you need it. Steve Cook of Lifeonaire shares this awesome Expert Tip on why it’s important to create a vision for your life, so you make sure that life doesn’t pass you by. Lifeonaire has impacted tens of thousands of lives with this approach, and you shouldn’t miss this. Only on FlipNerd.com.

Flip Tip Transcript:

Mike: Hey it’s Mike Hambright from FlipNerd.com and we have a quick Expert Tip to share with you from Steve Cook of Lifeonaire who’s going to share some advice on how to create a vision for your life.

This Expert Tip is sponsored by RealtyMogul.com, B2R Finance, and National Real Estate Insurance Group.

Steve: I wanted to share this with everyone because I think this is the most important thing that any of you can ever do. So often I have people come to me and they ask, they say, “Steve, what’s the best type of real estate investment for me to get started with?” I’m always the guy who says, there is no one-size-fits-all answer. I can’t answer that question for you without knowing more about you, without knowing what it is you’re trying to accomplish, without knowing what the life that you want to live, and the resources and everything that you have available to you.

When I take the time to do that with somebody, I’m digging in deep trying to get in touch with what is the vision for the life. I’m asking them question because I give them an honest answer to that question without knowing who they are and what they want to accomplish.

The number one tip that I want to give to all of you is to develop a life vision for your life. This is not your business plan. This is not your business vision. Most of you spend more time planning a weekend getaway or a party, than you do your own life. Some of you might take offense when I say that, but I promise you that right now you’re probably thinking, “I know exactly what I want my life to look like.”

And half of you would tell me what you want your balance sheet to look like or how much passive income you want to have or how much you want in your 401K so that you can retire. Most of you are thinking about what you want your financial picture to look like, not what you really want your life to look like and what you would do if you accomplished all of those financial goals.

When you know what you want your life to look like, everything else will fall into place. You can build your business and design your business to serve that lifestyle and that is how you build a successful business. One that allows you to live and experience the life you want to live.

Mike: We’d like to thank Crestar Funding, MidAtlantic IRA, and Renters Warehouse.

Please note, the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.