So many people turn down real estate deals because they don’t cash flow right away.. and wait until never.
On average, in California the rent catches up to your mortgage after 7.1 years.
7 years negative cashflow for a life time of passive income? Sign me up
Percentage of men that’s:
-5’10”
-Make 70k/year or more
-Not obese
-Not married
1.5%
Interesting dating perspective how to get that 1.5% to commit in today’s dating world…
These 3 books helped me reach 7 figure net worth by 28:
- The Richest Man In Babylon (George Clason)
- The Millionaire Next Door (Thomas Stanley)
- Think and Grow Rich (Napoleon Hill)
Turned my car into a mobile classroom by listening to the audio books while delivering food
If you go for the earning early, you stop the learning. The moment you stop the learning, you’re telling the universe that’s all you can do. If you’re in your 20’s and already doing good at what you do, try new things and learn more.
Update:
Maxed out 2023 Roth IRA through back door before February is over using 100% of passive income through house hacking ✅
This simple step can yield to millions of tax free retirement gains.
On to the next 👊🏻
#FIRE#Finances#Househacking#RealEstate
When I was 19 years old I pledged a fraternity, and I learned one of the most important lessons of my life on how to deal with women (and others)…
*context*
So when you’re a pledge you have to drive drunk brothers around. You’re the designated driver.
One night, I was driving an older brother home. This guy always pulled smokeshows. Just 10s.
So I was driving, silently.
And in the rearview mirror I could see yet another 10 was drooling all over him.
Everything was fine until she started complaining that he had a lip in (tobacco) and that it was gross. “It’s gross. Spit it out. So nasty” etc etc
She even tried to egg me on “tell him it’s gross”
I stayed silent. This continued for a minute. She kept trying to reach for his mouth to pull it out then he stared at me through the rearview mirror.
He spit in his cup, keeping the dip in his mouth, “Hormozi - listen up. Life lesson. This girl is more attracted to the fact that I don’t give a fuck what she thinks more than she’s turned off by the fact that I dip. Watch.”
Then he proceeded to make out with her and she seemed happy to oblige.
Now I’m sure you can take this in a lot of ways, but I’ll tell you what I took from it.
—>Don’t conform.<—
Sure. Maybe I’d look better in a suit. Or I should do the things to look better.
But it wouldn’t be me.
And at the end of the day, someone pretending to be someone they’re not is never going to be as formidable as someone who’s grounded in their identity.
So whenever I feel tempted to conform, I just remember that lesson. People are more attracted to someone who is themselves than someone who bends the knee to society’s demands.
And the older I got, the less patience I had for anyone who wanted to change me.
And for a young man who was trying to figure out who they were, it was a lesson that forever shaped how I interacted with the world.
Top 1% of people in their 30’s
Average income: $347,103
Average networth: $3,338,400
If you’re in the top 1% in your 20’s, doesn’t mean you can’t get to the top 1% in your 30’s
Number build quickly
The top 1% of people in their 20’s:
Average income > $160,201
Average net-worth > $577,400
Number 1 skill surveyed that this group of people has?
“Delayed gratification”
Understand the value of time and have your money work for you in the long term.
Here is my mortgage + HOA vs Rent collected
#1
Mortgage $1755 HOA$232.05=$1987
Income $2300
#2
Mortgage $2834 & Income $4500
#3
Mortgage $3174 HOA$696= $3870
Income $3300
$8691 VS $10100
Net= $1409 & live rent free
Let’s see what’s 5% rent increase will yield next year