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Time, health, and money are three key resources in your life. Learn about their trade-offs.
“It’s not at what age I want to retire, it’s at what income.” -George Foreman
I discuss at least three definitions of retirement:
1-The time of life when one permanently chooses to leave the workforce.
2-To remove from service.
3-When you become job-optional.
4-When you stop doing mandatory income-producing activities.
Social security, pensions, 401(k)s, and residual income from real estate and stocks are all discussed.
Compound interest is faulty. Compound leverage can help you retire young.
“After the first $2M-$3M, a paid off home, and a good car, there is no difference in the quality of life between you and Jeff Bezos.” We discuss.
I briefly cover the antitrust case against the NAR, making the 5-6% commission paid by the seller largely a thing of the past.
Rents are up 2% annually, the biggest gain in thirteen months, per Redfin.
Learn 15 reasons why single-family rentals beat apartments.
I discuss two specific addresses—one in Memphis and one in Little Rock. Our Investment Coaches help you free with these and other income properties and your strategy at GREmarketplace.com.
Resources mentioned:
Show Page:
GetRichEducation.com/494
For access to properties or free help with a
GRE Investment Coach, start here:
GREmarketplace.com
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail:
[email protected]
Invest with Freedom Family Investments.
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Complete episode transcript:
Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Do you want to retire? What is the definition of retirement today, anyway? In fact, with just 2 or $3 million, would you be as happy as the world's richest man, Jeff Bezos? I'll break that down. Then I discuss key trends in the rental housing market today on get Rich education. When you want the best real estate and finance info, the modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text GRE to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free.
Keith Weinhold (00:01:16) - It's called the Don't Quit Your Daydream letter and it wires your mind for wealth. Make sure you read it. Text gray to 66866. Text gray 266866.
Corey Coates (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.
Keith Weinhold (00:01:49) - We're going to go from Andover, England, to Andover, Massachusetts, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich education. Around here, we say that financially free beats debt free. And for many, financially free means retirement. Now, you might be far from retirement, but those with the most foresight are those that begin with the end in mind. An