Step 1: Wealth is not the same thing as freedom. Equity is fine and dandy, but unless it translates into cash flow - whatever...
Step 2: Cash flow is fine and dandy, but unless it's stable - whatever...(this is where a lot of new real estate investors get in trouble)
To me, financial freedom looks like this:
Step 2: Cash flow is fine and dandy, but unless it's stable - whatever...(this is where a lot of new real estate investors get in trouble)
To me, financial freedom looks like this:
- Diversified revenue streams non of which are of W2 variety
- Diversified among sectors and asset classes, not just assets
- Burn rate (all expenses including tax burden) no more than _____% of gross income
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
