Epic Real Estate Investing - What is the First Step to Financial Freedom? | 397

Episode Date: May 25, 2018

Join Matt Theriault on a shoe shopping expedition this Financial Freedom Friday! As you take a tour through Beverly Hills, learn 3 steps to creating your own definition of financial freedom. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Terio Media. Hey, this is Matt at Epic Real Estate and welcome to another episode of Financial Freedom Friday. It's time for Financial Freedom Friday with Matt Terrio. So, just got back. Just got back from shopping. I was down in Rodeo Drive and Beverly Hills. And what I was doing down there is, you know, I've got this ritual before each Epic intensive as I go out and I buy a few new pairs of shoes. I remember I think it was Dion Sanders said if you look good, you play good, if you play good. play good, you win. So that's what I do. I go out and I invest in a new pair of shoes. I don't

drive a fancy car. I don't live in a nice, huge house or anything like that. Those things, they don't do it for me. But shoes, that does it for me. So that's just kind of what I do. And I went down there with Ash, my assistant, and Brian, my video producer. And we were down there talking and we were just kind of thinking what we're going to film once we came back here for this week's episode of Financial Freedom Friday. And while we were down there, a question actually came in and Ash read it to me and I was like okay we can do that that sounds good and we thought rather than coming back here and filming it with the same old boring background that you see every week we thought we would just record it down there so I don't know how good

the audio came out but we went ahead and we answered the question that question is what is the first step towards financial freedom all right so we answered it live out there in Beverly Hills enjoy first step to financial freedom really has to do with how you define freedom right So is it being super duper wealthy or is it being, uh, having enough income to support the life that you're living right now? So, I don't know, I view financial freedom as you're not having to work. So that'd be the first to define what it is for you. The second is to go ahead, then come up with that number that's going to allow you to live it. Right?

What is that monthly residual income number that's going to allow you to have that financial freedom? And so once you define that number, third, it's time to pick the vehicle, right? So anything that would produce residual income or passive income, that could be a Shopify store, it could be an Amazon business. It could be a laundromat. It could be a car wash. Or it could be what we do here. It could be real estate. And the reason we choose real estate is just the statistics show that's where the average person has the best shot and making it happen.

So I go with start one, first step to find what freedom is to you. second step pick that number that's going to allow you to have that freedom and third is pick the vehicle that's going to get you there all right that's it for this week's episode of financial freedom Friday and kudos to brian putting that the nice montage together and i will see if i don't see you next week at the epic intensive i will see you next week right here for another episode of financial freedom friday yeah i'm going to be in two places at the same time take care this podcast is a part of the C-suite Radio Network. For more top business podcasts,

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