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Have you thought about why you are doing real estate investing? What’s your objective?
Do you want to build up more cash flow so you have more money coming in every month without working?
Do you want to do deals that produce chunks of cash so you can build up a nest egg?
Or both?
Once you reach your goals, then what? What’s your ideal lifestyle? How much cash or cash flow will it take to life that lifestyle?
These are all things you need to think about to come up with a valid plan to reach your goals. You’re much more likely to reach your goals if you know what you are working towards achieving and how much money it will take. You need a plan!
Here’s an interesting article by friends Billy and Akaisha who “retired” (stopped working for money) when they were 38 years old. They just turned 65. So they have had lot of years to enjoy traveling and life.
http://retireearlylifestyle.com/Ad_in_Financial_Independence.htm
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