CDL 19: 4 Real Estate Strategies to Avoid if You Want Passive Income...

CashFlow DadLife

So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations. Would you pursue your gifts and talents in dreams?

Serve your local community, teach others, serve your church. Can you see if what you would do if money didn't matter, it was pursue your gifts and talents and drains to serve others, and that is probably what you should be doing. The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do.

That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to. That is a solution and this podcast will show you how...

Hey, what's going on everybody. This is Ryan Anc with another awesome episode of Cash Flow Dad Life. And in this episode I'm going to be sharing. I'm going to save you guys a ton of time and maybe some heartache and some energy and save you a ton of money and I'm going to be showing you the top four real estate strategies to avoid if your goal is to have passive income.

So about five years ago we were going, I think we're moving into a new house and I'm at the time we only had four kids were working on that fifth one and I remember the house was next to a little pond and we had seen an alligator in the pond and so I was getting the kids hyped up out is like a little baby alligator. And so I was messing around with them.

I knew that, you know, little baby alligator would do anything to him, but I thought it was kind of funny...

We arrived at the house and I'm like, what do you know? All right, well where's this alley? I was like, well, we got to find them. So I was like, all right, all four of you go start running in that direction around the pond run. Do a perimeter around the entire pond. Just to make sure there's no alligators out there.

And so all four of them start bolting and running right away. They just, they just followed my orders right away, didn't even think twice about it and started running it except the second one, the second oldest stops and he's, he was the only one to stop. And he goes, wait a minute, why us?

Why are we the first one's going to go check out to see if there's an alligator, this life threatening animal, you know, around the pond? And that's what a lot of people are like with real estate.

You're like, alright, um, you know, there's, there's passive income out there and real estate. And uh, I know that there is some strategies out there. And then someone comes along and they're like, all right, you're great. You're, you're interested in real estate, great.

Go run in this direction.

And most people just start running without even thinking twice, like, wait a minute, why am I doing that strategy when there are other strategies out there that are way better than that, that create passive income. Okay? So here, here are the main things.

Okay, here are the main things that people get started with...

Number one, a, when people get started with real estate or they they want to start making passive income, they say, all right, well why don't I just become a realtor? It is actually what I did when I was teaching before the hurricane hit, I was like, I need some more money, some sort of way.

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