Who wants to be a millionaire?

Who wants to be a millionaire?
(Not me!)

What?? Who wouldn't want to be a millionaire? let me explain....

I have learned over the years that the true way to financial freedom is through cashflow. If someone were to offer me $1 million tomorrow, I probably wouldn't turn it down. However, I absolutely do not believe the way to financial freedom is from receiving a lump of money.

I have personally witnessed people who have been given a large sum of money for one reason or another. One was a person who owned a small home right in the path of development in a growing area. She was offered a HUGE sum of money for tiny little house. It took her a whole 3 months to buy herself a couple new Cadillacs, new clothes, huge new big screen TV, and a few more toys.

After those 3 months, she found that she had to go back to work and because she had told her old boss to "take this job and, uh, find someone else for it", she had to go to work for a local convenience store as a clerk! It took this woman 3 months to lose her "retirement" and amazing good luck and have to go back to work. Not only that, but she went back to work for much less money now that she had to start over at the bottom again! (Although she did get to drive to the convenience store every day to work in one of her Cadillacs!)

The other person I witnessed go through a similar experience won $250,000 at a casino. They, like the other woman bought themselves a bunch of new toys and a new house. After spending the money, they continued to go to work each day and "save for their retirement". (This meant putting all their spare cash into more slot machines so they could hit the big one again and retire!)

Real estate can be a great way to achieve financial freedom. It is one of the few things in the world that can give you passive income. This is income that you work ONE TIME for, or spend money to buy an asset one time and it continues to pay you again and again. After acquiring enough assets (properties), you can be free of having to work ever again. You get constant cashflow and passive income, allowing you to do whatever else you want to do with your time.

Acquiring cashflow through real estate is the ideal way to achieve financial freedom in my opinion. When done properly, you do not have to worry about dealing with headaches from tenants either. Sure, there are risks associated with doing real estate deals, but what is more risky? Hoping that you "hit it big" with one lump sum and then hoping you are smart enough to figure out how to stretch it out for the rest of your life, or taking a risk on a real estate deal and providing a constant stream of income, allowing you to spend your time on something other than chasing money for the rest of your life????

If you didn't have to worry about money, if you never had to work for money again, if all your financial needs were taken care of, what would you do with your time???