How to Turn Your Dreams of Wealth into Reality | Financial Independence
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- Опубліковано 1 жов 2024
- Anyone CAN unlock financial freedom and "retire" early. Make your dreams of wealth real, unlock financial independence for yourself and your family. In this video I dive into the 3 financial levers you can take control of TODAY that will help you transform your dreams of Wealth into reality, and create the life you want to live!
Mostly importantly I'll take you beyond the commit stage, to help you take real ACTION! Be Rich, Be Wealthy. Anyone can do it. Simply: Spend less, Earn More, and Maximize Your Returns on the difference!
#success #wealth #financial
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Check out some of the great reading material on the subject of financial independence & Real Estate (beyond BiggerPockets.com ):
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Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence ( this is The Godfather of LEAN FIRE Book)
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 (The first book written on FIRE)
The Wealthy Barber: The Common Sense Guide to Successful Financial Planning (it is an Interesting narrative personal finance story I enjoyed as a kid)
How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started
The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
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How to Contact me:
My Facebook Group: / 23242. .
My Blog: www.25andfree.com/
Facebook: / mrosehart
Instagram: / mikerosehart
Twitter: / mikerosehart
SUBSCRIBE: www.youtube.co....
Bigger Pockets: www.biggerpock....
Mike Rosehart Business & Coaching Inquires: 25andfree25@gmail.com.
If you want to speak with me on the phone or over skype for 1 on 1 coaching calls, I have decided to make myself available on a limited basis (so long as it doesn’t infringe on my Freedom too much - Family is important too!). Given the availability in my calendar is limited I have to charge $99/hour to ensure I don’t get swamped with requests that I cannot respond to for months. That said, most of what you need to know is out there on UA-cam and in my videos. I look forward to hearing you.
Mike has a true rags to riches success story that proves anyone can do what they set their minds to. He grew up in poverty bouncing from home to home and realized at age 17, when he moved away for college, that there was this early retirement movement - nicknamed the "FIRE Movement." It was there, in his college dorm-room that he set out to be the youngest retiree, and retire in only 7 short years (17 to 24 years of age). He achieved the goal of becoming a self-made millionaire, with a young family, at the age of 24 through hard work, extreme frugality, and astute Real-estate investing.
Today, Mike (26) works hard to share what worked for him, what didn’t, and to help educate others on all things Real-Estate and personal finance. He is now on a mission to help educate & assist others on all things Real Estate as they unlock financial independence for themselves! He recently co-founded a full service real estate investment management firm (RightWay Management Inc.) in London, Ontario that specializes in helping investors unlock much higher than normal market returns so that they can unlock early retirement through rental income cash-flow (averaging $1000+/month per property he partners with investors on). He is currently scaling up very quickly, acquiring over one property per week in London with investor partners. Mike has been involved in purchasing 50+ deals with investors & friends in the last 2 years. Subscribe to follow Mike on his journey to help others unlock financial independence!
Disclaimer: I make no representation or guarantee to any of the information or advice in this video. These are just my thoughts & opinions and should not be relied upon as legal or professional advice.
I'm a huge fan of these two bloggers, so check them out:
Pete Adney's Mr Money Mustache (www.mrmoneymustache.com )
& Early Retirement Extreme (Earlyretirementextreme.com)
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Taking action today! Working overtime.🔥🔥🔥
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Love the motivation Mike! Gets me fired up to get going! liked and subbed so I can see more fire content!
Flip With Rick aww thanks Rick hah
Very solid advice that's easily applicable to people pursuing the fire movement! Great video as always Mike! 🔥
Very good, Mike. You make it refreshingly simple to understand and easy to do. I totally agree with you that reducing spending is the biggest immediate opportunity for everyone to pursue. Increasing income has powerful potential over the medium term and long term but [1] reducing spending, [2] increasing saving and/or [3] paying off debt have guaranteed benefits immediately and for the future.
Brent Shuffler Those are great points mentioned. Reducing expenses is HUGE! Some make over $100k and still can’t save a dime. Thats how important mindset is 🙌
Brent Shuffler :D
Mike, thank you for your contribution to the movement. I hate grinding, but I’m almost there to fire for the second time. I am really pushing hard on the maximize returns. This is what needs improvement for me. Just sat in on a Home Depot class today. Great motivation.
William Burkhead woohoo! You go!
hey mike thanks for the inspiration im going to start a second job soon so that I can save and invest more money, my goal is to retire at 25 i'm 20 years old right now and I think with hard work and frugal savings is totally do able.
Earning extra income is a great strategy. However, the most important part is increasing your rate of saving from your current income. What you practise smartly on a small scale will prepare you doing wise things with bigger incomes, better jobs, and other opportunities.
Hi Mike, great video and I prefer the shorter videos like this one. You provide great content and I think that you would gain more followers by shortening the videos. Not by any means trying to hate or anything as I have been a long term subscriber and love the overall messages that you provide but just my opinion as I know I probably don't view as many of your hour long videos vs something like this which is 15 mins.
Craig Akerman 👌
The point that you make about low returns on cash and Treasury Bills applies very well in North America and most of Western/Northern Europe. However, if you look around the world, as near as the Caribbean, you can earn 3% to 8% p.a. tax-free and fee-free on Government-guaranteed securities, ranging from 3-month T. Bills to 10-year bonds. Some markets, such as Brazil and India, which have huge economies and huge populations offer double-digit interest-rates even on the lowest-risk bonds.
Brent Shuffler Have you ever investing in such things? That’s a very interesting idea. I know many countries right now are very low rates tho, some even NEGATIVE! 😱
Brent Shuffler 🙏
@@RealLifeMoney Yes, I have been investing in the Caribbean across countries and multiple currencies (TT$, Bds$, Jca$, E.C.$, and U.S.$) for the past 30 years. E.g., Back in the 1990s, the economy was not very good in Jamaica, but the bond-market was FANTASTIC! The Government was paying over 40% interest per year on sovereign bonds and that was one of the most rewarding places to invest in my life to date.
@@RealLifeMoney In the early 1990s, for instance, I moved every dollar that I had in North America and put it to work in the Caribbean. Years later, the stock-markets, both in Trinidad & Tobago and in Jamaica, have ranked among the top 10 performers in the world . . . more than once.
@@RealLifeMoney To this day, the Caribbean outperforms most other countries in terms of bond-yields and stock-market returns over the long term. The dozens of countries with negative interest-rates and the dozens of others with near-zero interest-rates simply help to make the Caribbean all the more compelling.
wow mike bro very interesting topic thanks a lot for always sharing your video clips and everything else hero take care and have yourself a very nice day.
Fraz Hussain thanks 🙏
Big facts in this video. Loving these lifestyle videos. Very easy to follow along and take action immediately on the tips in the video
Austin FI Yeh thanks 🙏
Where are all these cheap duplexes ?
priceandpride haha, Buy single families and convert with secondary dwelling unit, it’s not that expensive :)
Thank you 😁!
Hey Mike, thanks for taking the time to make such valuable videos, love how genuine you are. Just bought my first duplex a week ago with some friends and put 20% down thanks to your advice. As for video suggestions, I would absolutely love it if you could give us your opinion on maximizing renovation profits. Basically where we should be allocating are time and money to get as much out of our refinance going forward with our 2nd property. Cheers
Thomas Jay Dooley thanks :)
I have some great videos on it.
👊 always killing the quality
TagerRoxx thanks 🙏
I've seen a lot of good comments about Mr David trading forex and binary for beginners. Please how true are these claims?
Planning on making my first investment
This is a forex manager that i like to work with due to its relatively low spread with many forex pairs and some good promotions, i think is very viable for a person who wants to start on trading world because its strategies are well made. write to David Haggard on WhatsApp +19284870044 for a profitable trade.
Huh? In my opinion, forex and binary trading is a very poor way to build wealth long term. It’s a lot like gambling. Buy the S&P 500, Buy ETFs, diversify - Buy & hold so you can’t lose. 99% of traders don’t beach the S&P500 benchmark long term...so 99% fail...
I like better odds personally...