I shall always be grateful to those people who sold me on the proposition that investing in income producing real estate was truly a solid and proven pathway that leads to financial independence. I also discovered it’s the same path that leads to a genuine personal freedom. Real estate investing has given me the opportunity to control my own life and all my affairs. One of the major benefits in this business is that it’s very stable and almost 100% predictable. You can expect to enjoy nice long career and a very rosy future if you invest in basic housing. Do not allow yourself to get side-tracked.
People often ask me, “What do you enjoy most about being your own boss? Is it making more money or is it the freedom to spend your time doing the things you really want to do? The answer is both. The way I see is, life would be very dull indeed if I had to spend all my waking hours stacking my real estate earning in room and guarding it. On the other hand, without cash flow or profits, I wouldn’t be able to do all the things I like to do even with my freedom.
A few words of caution are appropriate here. Do not get side-tracked. You must constantly stay on guard against the “slicksters” who expound on softer, easier and faster methods that will make you rich. I have discovered this vulnerability in myself. I suspect there is a close relationship between a housing entrepreneur (which I am) and a “make it rich quick” speculator which I ain’t. I’m just a sucker for slick sounding “get rich” schemes. After many years investing and with much self-discipline, I have learned to listen politely, nod my head and say no thank you. I’m in the housing business and that’s all I can handle at this time.