Part 2: We continue the Ep #7 discussion comparing investing in real estate and the stock market. It boils down to the difference between financial freedom vs time freedom. It points to the mindset difference between having your investments, along with tens of thousands of employees, working on *your* behalf, versus *you* working on your investments. Whether it is stock or real estate, you ultimately are investing in a business. The question becomes: do you want to have tens of thousands of employees *working on your behalf, without ever bothering you*..., or do you want to manage tens to hundreds of people who are working on your investments *with* you?
We compare investing in real estate and the stock market. It boils down to the difference between financial freedom vs time freedom. It points to the mindset difference between having your investments, along with tens of thousands of employees working on your behalf, versus you working on your investments. Whether it is stock or real estate, you ultimately are investing in a business. The question becomes: do you want to have tens of thousands of employees working on your behalf, without ever bothering you..., or do you want to manage tens to hundreds of people who are working on your investments with you?
From the big, overarching view, this episode deals with where to invest. It is NOT just about your dividends/rent/interest, and capital gains, but rather it is also a function of how much time you are willing/wanting to invest to manage your investment(s). Most people overlook the amount of time that is required to manage an investment, and/or how much time is required to manage the managers of your investment(s).
Everyone says they're motivated to get to Time Freedom, - most aren't being honest with themselves. After awhile, motivation goes away...*discipline* is what keeps you going. Discipline will result in Freedom; You need Discipline more than Motivation. In this episode, we talk about why *you* want to get to Time Freedom. Whether your chosen path is real estate, flipping, mult-family, stock market, trading, investing, entrepreneur, small business, MLM, it doesn't matter...you MUST know your purpose.