Want to be financially secure

I listen to a lot of investor shows and I am a part of those types of groups on facebook.

I even went on a trip to an investor dinner where the people I was with and I all talked about how we are improving our wealth.

I read books, talk to other businessmen, real estate agents, stock brokers, you name it. So I want to be financially independent. What does that mean? I want to be able to not worry about currency anymore. Basically working 9-5, saving currency in the bank and paying bills is a great way to never financially be independent. What you need to do is make your currency work for you. Money in the bank isn’t doing anything. It is much smarter to buy stock, buy a rental property or flip houses and put them for sale, but you need assets in your portfolio. You want a high networth rather than a high bank account number. As a part of my financial independence I no longer want to work a typical 9-5 task. My goal is to have enough residential and commercial rental properties to pay my mortgage, automobile and groceries! Each rental should hastily help me pay for the next 1, but currently I have 5 rental properties under my belt, but they range from being an apartment complex to a single family home. I technically have an impressive net worth and could theoretically live off my rental checks I get. I am scared to do this. I guess I might want another rental and then to hire a property manager. That way my time isn’t spent on the rentals all morning long, but looking for the next day.

 

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