goals
“Begin with the end in mind. You cannot win the game if you do not define the rules of the game”
Create Your Simple Passive Life…then build your investing around it – narrow and lock in on
your investment philosophy, acknowledge constraints, create a holistic vision for your life.
Print out the following post and use it as a worksheet:
My Simple Passive Life
● To feel financially free it would mean….
● To experience true entrepreneurial/lifestyle freedom it would mean….
● I want to work ______ hours per day once my passive cashflow is up.
● Right now the hours I can and will work per day to get it there are ______.
● Why is this important at the beginning?
● You need to design your investment philosophy and action plan that your are going to commit to from Day 1 to support the life you are trying to create.
● Make sure you are clear on whether or not you want to travel, work from home, where would you travel, what would you drive, where would you live, and ultimately how much will this all cost. Now break it down to a monthly cost.
● Figure out your ideal income number and then work backwards from there.
● I want to work ______ days per week.
● My work day starts at ______
● And ends at ______
● I spend my time on ____________
● My monthly savings are ____________
● I donate ____________ to ____________ monthly, annually, weekly
● I invest in ____________, ____________, ____________ and ____________ and am able to
invest ____________ per month
● What is your passive cashflow number needed?
● What is your W2 take home number needed in order to achieve the above goals?
begin your journey to financial freedom!
My name is Lane Kawaoka, and I hope my blog/podcast will help families realize the powerful wealth-building effects of real estate so they can spend their time on more important, instead of working long hours and worrying about their financial troubles. There are a lot of successful families with good jobs (teachers / engineers / programmers / finance) yet they struggle to make ends meet financially. It is their kiddos who ultimately get the short end of the stick. Being a Latch-Key Child growing up, both my parents had to work and I was left home alone after school to fiddle with my thumbs.
With Real Estate you are able to grow your wealth exponentially faster than the conventional 401K’s and stock investing, therefore you are able to escape the dogma of working 50+ hour weeks at a job that is unfulfilling. And if you are one of the lucky ones who happen to do what you enjoy… well good for you 😛
Money is not everything but it is important because it gives you the freedom to live life on your terms.
Annoyed by the bogus real estate education programs out there (that take money from people who don’t have it in the first place), I set out to make this free website to help other hard-working professionals, the shrinking middle-class. I hope to dispel the Wall-Street dogma of traditional wealth-building, and offer an alternative to “garbage” investments in the 401K/mutual funds that only make the insiders rich. We help the hard-working middle-class build real asset portfolios, by providing free investing education, podcasts, and networking, plus access to investment opportunities not offered to the general public.
“The true meaning of wealth is having the freedom to do what you want, when you want, and with whom you want.
Building cash flow via real estate is the simple part. The difficult part occurs after you are free financially to find your calling and fulfillment.
But that’s a great problem to have ;)”
excerpt from The One Thing That Changed Everything
