Epic Real Estate Investing - How to Invest | Financial Freedom Friday 001

Episode Date: January 17, 2014

When you go to work for your money, does it return the favor? Is your money working as hard for you as you are for it? If it's not, that's ok... there's hope. Most peole weren't "taught" how to invest, they were "told" how to invest. There are two specific steps you can take to start learning how to invest for yourself and take control of your financial future. Matt shares with you those first two steps on this first episode of Financial Freedom Friday! ---------------------------- If you have a question you'd like Matt to answer live on the show, call the Epic Real Estate Hotline at 1-888-891-7203 Download Matt's free course How to Do Deals : No Money Required at FreeRealEstateInvestingCourse.com Don't have a buyers list yet? Borrow Matt's until you do at EpicWholesalers.com Get "done for me" income properties with "guarnateed cash flow" at CashFlowSavvy.com Hit the streets and join Matt in the field in one of his cash flow markets at EpicRealEstateTour.com Subscribe to Financial Freedom Fridays on Matt's YouTube channel by visiting EpicREI.tv Subscribe to this podcast and access all episodes at EpicRealEstateInvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Epic Real Estate Education with Matt Terrio. Learn how to invest in real estate, or he'll do it for you. Hi, I'm Matt Terrio, host of the number one real estate investing podcast on iTunes, Epic Real Estate Investing. And welcome. Welcome to the first episode of Financial Freedom Friday. This is a brand new show, just added to my current show schedule, and you can view it weekly right here at EpicR-E-I.TV, or you can listen to the show at Epic Real Estate

investing.com. You can go to either place, hit the subscribe button, and that'll make sure that you never miss an episode. Now, on with today's show, how to invest. I'm going to start with a question. When you go to work for your money, does it return the favor? I mean, think about it. Does it work as hard for you as you do for it? If not, you're not investing. Or you're not investing as efficiently and as wisely as you could be. And here's what I mean. You know, What is your investing goal? Do you have a number? Well, if you do, good. But unless you stated that number in the form of a monthly residual income, you are missing the boat. You're actually trapped. You're stuck. And here's why. You see, you and I, we were raised on a financial philosophy so insane and so backwards that it is guaranteed to fail. Ironically, this financial philosophy that fails without fail, it's called. security. I know the irony, right? Security. You want it so bad, you dream about it, you work hard for, and the pursuit of it is the financial death of your dreams. Now think about it.

Security defined in our society is to have no debt while accumulating piles of money in accounts like 401Ks and IRAs and annuities and stocks, bonds, mutual funds. It's all about work, work, save, save, save. It's an accumulation mindset. You know, it's that mindset you've been taught as the mindset that's going to lead you to security. But you know what? Security, it doesn't work. And here's why.

First, it doesn't work because you can't retire on no debt. The revered and elusive status of no debt, that thing that we strive for each and every year with our New Year's resolutions, that produces zero income. Your personal residence? supposedly your single greatest investment in life that you struggle to pay off every month to eliminate that debt, that pays you nothing. You cannot experience any sort of security by being debt-free. Second, the piles of money that you've toiled over for the year after year after year that accumulate, they haven't paid you a thing thus far. Nothing. Your 401k, after all these years,

has paid you nothing. Your IRA has paid you nothing. Your stocks, your bonds, your mutual funds, they've paid you nothing if they haven't shrunk or virtually evaporated altogether. Investments per the definition are supposed to pay you. That's what an investment is. It's supposed to pay you. Yet these investments have yet to pay you a thing. So here's the deal. The financial philosophy that has been ingrained in our psyche since as long, you know, as long as any of us can remember, is based on a philosophy called someday. Someday you'll be secure. Someday you'll be financially free. Someday you'll get to retire. And someday you're going to get to travel and someday you'll get to do what you want to do when you want to do it

someday someday someday someday work work save save during the most productive and active years of your life and someday you'll get to enjoy it well the philosophy of someday should absolutely terrify you you see it should terrify you because you never get to live when life is actually happening right now you know from the beginning You are told to continue working. You are told to live frugally. You are told to pay off debt. You are told to save and save some more.

You are told to do all of these things while never benefiting from your piles of money or you're paid off anythings. You know, to ever experience a true benefit from any of your piles or paid off debts, you must consume it. You save it, then you consume it, and then it's gone.

You have no idea how to make it produce for you. You don't know how to invest. That's not your fault. You know, you were never taught how. I was never taught how. You were never taught how to invest. You were told how to invest. You were told to entrust your money with human resources at your job,

the lowest paying job in the whole company. Or to send your money to a financial planner with the hopes that they know how to invest. Well, good investing on your part does not consist of you sending your money to somebody else every month. month. Good investing consists of getting somebody else to send their money to you every month. That's a residual income mindset. That's how to invest. That's the road to financial freedom. Now, financial freedom, it's a concept thrown around pretty loosely these days. It's almost

become cliche. But what is it actually? Well, financial freedom, it includes security, but it surpasses it. Financial freedom, it's liberate. You know, if security is having no debt, if that's what security is, then financial freedom is having a residual income each and every month that is automatic. That is the goal of investing. It's to produce enough residual income each and every month that gives you the freedom to truly be at choice. So let me walk you through this.

You know, the first step in learning how to invest and move toward financial freedom is to to stop the insanity of save, save, save to someday consume. Drop the accumulation mindset. The second step is to begin putting every dollar that you make into something that produces and pays you each and every month. Adopt the residual income mindset. Drop the accumulation mindset. Adopt the residual income mindset.

That is precisely what I did to escape that proverbial rat race and I did that in less than four years. And I'm not bragging, I'm not special, not by any means. Anyone can do this if someone would only show them how. I was blessed enough to cross paths with someone that showed me how. And now I show others how to do it too. I show people how to invest at epicproacademy.com. And for those that are too busy to invest, I show them how,

and I do the heavy lifting for them, and I do that at cashflow savvy.com. I am one option. I am a solution. And there are many others out there for you to choose from. The more important point here is, now you know the difference. You know the difference between security and freedom. And I've shared with you the first two steps to freedom. So the question is now, are you going to take them? I'm Matt Terrio with

the first episode of Financial Freedom Friday in the books. See you next week. This is Epic Real Estate Education with Matt Terrio. Learn how to invest in real estate or he'll do it for you. Sweet Radio Network. For more top business podcasts, visit c-sweetradio.com.