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Imagine if you just had two individual sources both earning you $250 paychecks ($500 total) per month with no doing extra work. And these sources simply paid for your car expense.

Perhaps you have beaten this concept to death at this point Great. Rich Dad Poor Dad tattooed this concept onto my brain. The concept is what Real Estate Investors predict Cashflow.

Again, I understood that I DID NOT want to be wealthy when I was 65 if it cost me my lifestyle during my younger years... I'd rather have a wholesome amount of cash coming in every month from several sources and retire early. Or at least do WHATEVER I wanted after the army without having to consider the paycheck coming from my new hobby, project, or even job as part of this equation.

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Both terms"residual income" and"passive income" try to capture the same concept of,"making money automatically." For the sake of brevity, I will only be using both terms interchangeably.

After hearing the words"passive income,", many of us immediately begin having romantic visions of lounging on a yacht in the Caribbean Sea and occasionally checking our growing bank account. You immediately snap into it, have a sip of your Monster Energy drink, and try to remain alert while on your 24-hour duty at the barracks. .

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Can be a blissful and passive lifestyle really possible Is it Feasible to plan out my military career for closer to such a lifestyle

An asset is something that puts money in your pocket every month. It is a lifestyle and prosperity multiplier.

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A liability is something which takes money from you every month. It may be a temporary lifestyle enhancer, however a long-term way of life and prosperity killer.

Teach yourself to the point which you can find and buy American Real Estate which you rents at a higher cost that all of its expenses and there's still a significant amount left over. The residual money is that flow he has a good point of income or cash flow.   Finally, when we begin looking at such income flows collectively, it will become known as"residual income" .

Admittedly, setting up your own Real Estate Investing Business is NOT easy... however, with the proper education, Real Estate Investing does NOT have to be difficult.  But you must learn and behave.

Now, if you all of the above makes sense, a funny thing will start happening.  When you begin talking to folks about finances you will soon begin to understand there are two different kinds of people in this world: those who understand the difference between an asset and a liability, and the ones that will NEVER be wealthy. .

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Each of those entities are money making systems. They produce income while costing very minimal personal effort or time. Even if one of those ended up costing me a million dollars each month but made two million dollars each month, it is an advantage.

Honestly, who cares how much you are spending on an advantage every month if it earns you more than what you spend Now let us take it one step further... what if the spending was automatic and was that the earning

If there was a machine that spit out two dollar bills once you gave it a single dollar bill, you would be glued to that machine daily! In addition, you wouldn't care whether that machine charged you 50 percent interest on your buck before generating you the two dollars it spit out. .

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Since passive income inherently means I do not need to spend the most expensive thing in life, time, in order to earn a certain amount of residual income.

Since some people who hear the word get disappointed when they recognize there is a great deal of education and a few significant setup needed on the front end of the journey to financial freedom (our"Why"). Again, this isn't a get rich fast scheme, but it is a hell of a lot better than what I was taught by a number of my military and veteran mentors. .

As members of the military, we often believe it would be very difficult, or maybe even impossible, for us to find time to earn extra income. As far as our professional priorities, our army support must be in the very top. Just how can we ensure that we are setting our new real estate investing business up for massive success How do we make certain that it doesn't produce more anxiety than enjoyment.

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The trick is to leverage our VA benefits, minimize our personal housing expenses, and focus all of our savings towards producing resources... a.k.a. rental properties.

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