Flip Tip Summary
Would you prefer piles of cash or streams of cash? Matt Theriault of Epic Real Estate Investing joins us on today’s FlipNerd.com Expert Interview show to talk about the fastest way to financial freedom. Don’t miss it!
Flip Tip Transcript:
Mike: Hey it’s Mike Hambright from FlipNerd.com and we have a quick Expert Tip to share with you from Matt Theriault who’s going to share a tip on the fastest path to financial freedom.
This Expert Tip is sponsored by RealtyMogul.com, B2R Finance, and National Real Estate Insurance Group.
Matt: So the fastest path to financial freedom, it can happen with just one thing. You just have to do one thing, one time, and that is to shift your focus from making piles of cash to making streams of cash. That one thing right there that’s going to set you financially free. I have to warn you though, it’s not the most exciting path. It’s actually rather boring. But once you do it life then becomes exciting.
So be really cautious, the next time you’re faced with the decision of, you’ve got this house “Do I flip it and make $30,000 cash or do I hold onto it and make $300 a month in cash flow?” That can be a very tough decision. A lot of people will take the $30,000. In fact, most people take that $30,000 cash thinking they’re actually prospering, but they’re not. When you actually do the math you’re actually delaying and prolonging your time to financial freedom.
Start stacking those streams of income. Stack that 300 bucks. Get the first one done. Then get the next one. And you got 600, and you got 900. And you keep on stacking them up. But that’s the only way you’re going to get to $10,000 a month of passive income where you can be financially free in most parts of this country. But you’ve got to get the first one.
But looking at that little measly house making $300 a month it’s not very exciting when you got $30,000 staring at you in the face. So sometimes we’ve got to take that to make this other side work but focus on creating those streams of income. You do that and three, four years you could be financially free. And then you can let the streams of cash start creating your piles of cash. That’s working smart.
Mike: We’d like to thank Crestar Funding, MidAtlantic IRA, and Renter’s 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.