Epic Real Estate Investing - Must-Know Cash Flow Basics for Financial Freedom | 506

Episode Date: October 26, 2018

Yo, homeboy, did you get your cash flow? If not, learn the cash flow basics in 5 minutes right now! Listen to today's episode of Financial Freedom Friday and brush up on how worldwide governments see producers and consumers, the importance of investing in assets that produce cash flows, and why you should start small, but learn big.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, this is Matt. Welcome to another episode of Financial Freedom Friday. All right, so I'm in Boston. We just left the country, excuse me, we left the city. We're now in the country, hoping to catch some of the fall foliage, but we're a little early. There's still a lot of green going on right here. But I'm not complaining.

It's beautiful out here. Anyway, we just wrapped up an epic, epic intensive, where we talked about cash flow and how it relates to one's financial freedom. and how you really don't have a shot at any sort of financial freedom unless you really embrace the concept of cash flow. And so we talked for how to create the cash flow with your investments, with your investment portfolio. And I discovered this old video that I recorded all about why cash flow was really important. And since the cash flow conclave is wrapped up for this year, I wanted to share this with you just in case you missed it. And so I recorded this four years ago and 40 pounds ago. So you'll certainly notice that.

And I just wanted to share with you. So enjoy. And I'm going to go back here to grubbing on some of this good Boston food, work on my before picture a little bit more, and then I'm getting back into fighting shape. All right, take care. Hi. You know, once upon a time, cash was indeed king.

And then, though, on one hot day in August, 1971, cash was dethroned by cash flow. A new regime was in power. And here's what I mean. There was a time when working hard for money, saving, retiring, and living off the interest of your savings account when there was a time when that was possible. But today, money is no longer money. You know, working hard for paper money without converting it into an economic asset is like,

you know, diving without an oxygen tank. You might be fine for a while, but eventually you're going to run out of air. In this new economy, it's important to understand that worldwide governments, they reward producers, who create the economy, and they punish the consumers who participate in it. Now, that might not seem fair. I know. But without the producers, there could be no consumers. An economy, it would cease to exist.

Then where would we be? And the currencies. You know, they come and they go. They collapse and they're replaced. It's happened in this country twice. And it's probably going to happen again. And it's happened many more times throughout history. And it's probably going to continue to happen.

But what doesn't collapse, however, is, is the economy behind the currency. So if you learn to invest in assets that produce cash flow, regardless of the current currency, you ensure your livelihood, your family's livelihood, whether the economy is good or bad. Now, there are countless assets that are essential to the economy. Just find the ones that you like and invest in them.

That's how you protect yourself. So how do you identify the essential assets? Simple. Look at what people spend their money on. I told you it was simple. Here are a few of the more obvious ones, food, clothing, communication, fuel, transportation, education, and my personal favorite, shelter. In other words, real estate, those are all essential, and they make good investments.

So if you want to be financially free, you must also, though, understand the mindset of the different economic classes. You know, distinguishing where people put their focus is going to help you decide where you want to put yours. So, generally speaking, and there are always exceptions to this, but, But generally speaking, poor people, they focus only on expenses. They're living paycheck to paycheck, just trying to pay their bills, their expenses. I mean, even if those paychecks are sizable, they must always work for money. Now, the middle class, they focus on liabilities. They like buying stuff and they like going deeper into debt.

And if they do happen to invest, they usually do so with a financial planner in, you know, diversified portfolio of stocks, bonds, and mutual funds. If they want to keep afloat, they too must continue to work. money. Now they're rich. They work very differently. They focus on acquiring assets and then they let their assets pay for their liabilities and expenses. Their assets then continue to produce income whether they work or not. They work because they want to. That's a very different life than working because you have to. And it produces a very different result as well. Again, those were generalizations. There are always exceptions. But I'm not concerned with the exceptions.

and neither be should you. The raw beat in truth is, if you don't put your money to work for you, if you don't learn how to do that, for the rest of your life, you will be working hard for it. So if you make the decision to invest in your financial education,

to learn how to do that, how to get money to work for you, know that it might be painful at first. It's just like learning anything new. The learning curve, it's steep. And in the beginning, it's a lot of work without much reward. But don't underestimate the power

of compounding education. Knowledge and experience, it compounds in the same fashion that money does. That's where knowledge is power comes from. But it's not really powerful unless you apply it. So applying your education in real life, that's where how you unleash the epic power of what you've learned. And in time, you'll soar and you'll get a whole bunch of reward with very little effort. You just got to stick it out for a short time. And as I've said so many times before, start small, learn big, but start small. And when you find your talents, develop your skills and apply them both generously. By doing so, you will significantly mitigate your risk, and the reward you'll reap will be astonishing. I mean, a year from now, you'll wish you started

today. My life, it almost immediately turned around, and I started creating some real wealth. When I shifted my focus from, I just did this one thing, I shifted my focus from making piles of money to making streams of money. That's where it began for me, and that's where it can begin for you, too. So if you're at a loss of how to get started, perhaps the Epic Pro Academy will make sense for you. Or not, that's okay. I mean, only you can answer that question. So go to Epicproacademy.com, get the facts, and make a decision. See you next week on another episode of Financial Freedom Friday.

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