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Real Estate Financial Planner LLC and James Orr and James Orr द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Real Estate Financial Planner LLC and James Orr and James Orr या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal
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What Does Financially Independent Mean?

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Manage episode 353720267 series 3409637
Real Estate Financial Planner LLC and James Orr and James Orr द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Real Estate Financial Planner LLC and James Orr and James Orr या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

What does financially independent mean? Find out in this special, deep-dive podcast episode.

James defines financially independent:

  • Passive Income from things like social security, pensions and annuities
  • Net positive cash flow from rental properties
  • Safe withdrawal rate times other invested assets like stocks and bonds

James discusses how you need to have clarity on what financial independence looks like for you... especially as a real estate investor... and then what you need to do to get there.

What you NEED to be financially independent is your ultimate destination. That's what your budget looks like when financially independent.

What you choose to invest in is the path to financial independence. That's your action plan.

James provides you with The Ultimate FIRE Budget so you can plan your budget now, when you're at lean FIRE and when you're at fat FIRE... and specifically what your sources of income are for being financially independent at each of those three stages.

James also discusses Warren Buffett's two list strategy as described by James Clear and how that applies to real estate investors seeking financial independence.

Bonus conversation about whether you should pay off your primary residence or not and how that has far reaching implications on other financial questions.

Watch the video version of this class:

https://realestatefinancialplanner.com/what-does-financially-independent-mean/

Resources Mentioned In Class

  • The Ultimate FIRE Budget - Determine what your budget and investments look like now, when you're lean FIRE and when you've achieved fat FIRE with this free video and spreadsheet download.
  • High Point, North Carolina Real Estate Modeling - Click on the link to copy any Scenario for High Point, North Carolina to have James walk you through any calculation including Cash on Cash Return on Investment for any property used in the modeling.

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the High Point real estate investor podcast? Book a free consultation to discuss.

  continue reading

96 एपिसोडस

Artwork
iconसाझा करें
 
Manage episode 353720267 series 3409637
Real Estate Financial Planner LLC and James Orr and James Orr द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Real Estate Financial Planner LLC and James Orr and James Orr या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

What does financially independent mean? Find out in this special, deep-dive podcast episode.

James defines financially independent:

  • Passive Income from things like social security, pensions and annuities
  • Net positive cash flow from rental properties
  • Safe withdrawal rate times other invested assets like stocks and bonds

James discusses how you need to have clarity on what financial independence looks like for you... especially as a real estate investor... and then what you need to do to get there.

What you NEED to be financially independent is your ultimate destination. That's what your budget looks like when financially independent.

What you choose to invest in is the path to financial independence. That's your action plan.

James provides you with The Ultimate FIRE Budget so you can plan your budget now, when you're at lean FIRE and when you're at fat FIRE... and specifically what your sources of income are for being financially independent at each of those three stages.

James also discusses Warren Buffett's two list strategy as described by James Clear and how that applies to real estate investors seeking financial independence.

Bonus conversation about whether you should pay off your primary residence or not and how that has far reaching implications on other financial questions.

Watch the video version of this class:

https://realestatefinancialplanner.com/what-does-financially-independent-mean/

Resources Mentioned In Class

  • The Ultimate FIRE Budget - Determine what your budget and investments look like now, when you're lean FIRE and when you've achieved fat FIRE with this free video and spreadsheet download.
  • High Point, North Carolina Real Estate Modeling - Click on the link to copy any Scenario for High Point, North Carolina to have James walk you through any calculation including Cash on Cash Return on Investment for any property used in the modeling.

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the High Point real estate investor podcast? Book a free consultation to discuss.

  continue reading

96 एपिसोडस

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