Take a moment and picture what your life would be like if you never had to work
again how would you spend all that newly unlocked time would you watch movies all
day would you spend more time with your kids would you find a passion in
volunteer work whatever I work for your life looks like to you what's important
to understand is that it is entirely attainable however dreaming of this life
and living it are two different things and in this video I will share with you
the three Investments you must own to never have to work again and if you're
new to the channel then hit the Subscribe button below for more
life-changing content when it comes to the world of work there are two types of
people those who love their jobs and those who hate them unfortunately only a
small portion of the working population fall into this first group of people and
in my experience even those who love their jobs can only keep that passion
for their work burning for so long as such just about anyone you ask will tell
you that if they had it their way they would quit their jobs and never have to
work again giving them most people feel this way what's holding them back from
quitting that job they dislike all right that thing called money the harsh truth
is that most people can barely meet their bills every month let alone start
to build up foreign use to escape the rat race forever
however without access to rely upon the fate of most people will be to work well
into their later years and rely on government pensions to support them when
they're holding gray however if I know one thing about you it's that you don't
wait until you're in adult diapers to finally leave the workforce and given
this is a case you need to start building up an asset base that you can
use to facilitate your future work for your life while there are numerous ways
to make this dream a reality I think the most realistic approach for most people
is acquiring three particular assets Each of which I will get into right now
the first task that you will definitely need to own on route to living a work
for your life is real estate I know you hear about real estate investing all the
time and how amazing it is and while I think that's some of the benefits from
this form of investment are overblown that doesn't mean that it doesn't
deserve a place in your work-free portfolio to give a fair assessment of
this very popular asset let's briefly go over some of its pros and cons and how
it can help you facilitate your dream of slamming down your two weeks notice on
your boss's desk you're sooner than you ever imagined when it comes to real
estate and more particularly residential real estate there are a lot of aspects
working in the investors favor for instance similar to the facto one that
land is limited means that the property on said land will naturally become more
valuable over time as freelance Supply decreases moreover most people don't see
any appeal in living under a bridge which means that there will always be a
demand for housing which again is a huge score for you as someone aiming to use
real estate to facilitate your work-free dream finally let's face it real estate
is not exactly the hardest asset to figure out sure identifying good deals
can take some work but screening tenants and setting up a rental agreement will
take much less effort than trying to figure out how warrants with round down
Provisions work now no asset is perfect and the major drawback for most people
looking to get in the real estate game is the higher Capital barrier to entry
for those looking to acquire fiscal property of their own you're going to
need tens if done hundreds of thousands of dollars unfortunately for most people
earning regular salaries amassing this kind of money can take decades which is
why so many people get stuck working until they're well into their later
years however assuming you can amass the money you need to get into the real
estate game here's how this that will get you one step closer to living your
work-free dream the power of this asset comes in the cash flow provides when you
leave the workforce the work will stop at your bills never will so ensuring you
have a variable means of making money after the paycheck stop is essential
this is where rental income comes into place general rule of thumb any property
you acquire for purposes a rental should meet the one percent rule which states
that you should be able to charge one percent of the purchase prices said
property and rent every month this is advised so that not only can you meet
all the operating costs of the home but can ideally obtain a positive cash flow
from the property which is essential because it's this cash flow that you'll
be relying in part on to replace your now given up salary one thing to keep in
mind is that from a single property loan there's basically no way you can live
off the rental profits that is unless you move back in with your parents and
live strictly on a ramen noodle diet even if you can cash flow say a thousand
dollars a month this will be insufficient to meet your monthly needs
and unless you have the capital to replicate these results with a handful
of properties then you'll have to Branch out and use two other Investments which
we'll talk about more in a minute now that we've identified how real estate
can fit into your work for your life game plan as well as the limitations it
presents let's talk about a second investment that is likely to be the
primary way that you're going to replace the income you're presently earning from
your nine to five job when you think of the internet you probably think that
you're answering wildly inappropriate posts on Facebook or how you used to
infect your computer with thousands of viruses just to download the newest
Usher song well the internet is more than just a breeding ground for cringy
behavior and it's an Avenue you're going to need to familiarize yourself with if
you want to adopt a second form of investment they'll have you packing up
your desk in short order the second investment that will make your work for
your life reality is an online business it's really never been cheaper and
easier to start a business than it is today and due to the ability to combine
value and scale through an internet business it's absolutely a must for
anyone seeking Financial Freedom now I don't want to give off the impression
that because you'll be starting an online business that you are simply
trading one job for another we both agreed from the start that you'll be
relying upon Investments to never have to work again and that remains my goal
as such when you start your business you must create systems that will operate
without your involvement for instance you can start an e-commerce shop and
hire a web designer to build your shop and an assistant to conduct product
research and coordinate your dealings with suppliers while you sit back and
finance the operation alternatively making content may be more appealing to
you and as such you may hire a team to run your blog or create videos on
YouTube like I do now you may be wondering how in the hell an online
business even makes money in this way given that all the expenses you incur by
hiring a team but this is the beauty of an online business many online
businesses that traditional overhead costs while also having significantly
more reach via the power of the internet which results in you collecting sizable
profits despite having others run the business for you I'll admit that in the
beginning you'll have to put in some work to get your business off the ground
tasks like deciding on a business model and hiring those who will help build
your business will fall on your shoulders but if you set things up
properly through remainder your responsibility should be strictly
Financial I know in my own YouTube business well I do a lot of the work
myself I could easily hand off to work to Freelancers and literally have the
whole system run on autopilot while I collect checks from Google every single
month once you have your online business up and running and turning a profit
month after month there are going to be two things you want to do with your
money you're making the first is that you use that money and reinvest it back
into your online business in order to scale while it will suck to hand over
your profits you're making if you deploy this Capital properly it should result
in your income Rising even greater Heights as time goes on and this is
incredibly important while you may ask because as you saw with real estate
investing and as you're going to see in the final investment most assets you
will use to facilitate your break from the corporate world will require a lot
of capital to get started it's your online business that will speed up the
acquisition of these assets at this point you're probably chomping at the
bit to know what the third and final asset is that will lead you to your work
for your life and because I'm a nice guy I'm going to tell you right now the
third asset you're going to need are stocks well I have nothing against
dividend stocks in this particular situation we're going to be investing a
ton of capital into real estate I believe gross stocks will be your best
bet and here's why generally speaking dividend stocks tend to grow at a much
slower rate than gross talks because instead of reinvesting profits back into
the company they're paying them out to shareholders instead as such to gain a
sizable position in dividend stocks most of the work will be on your shoulders
however with growth stocks there is much less Reliance on your own Capital
Investments to see your portfolio rise over time in fact if you pick the right
stocks your portfolio can grow at exponential rates without a ton of
capital be invested which is great for those who can't bear to look at their
boss for even one more day now the main goal of your stock portfolio in this
situation is to complement the income you're earning from your online business
typically people have lost their portfolio in Estates once they have
amassed millions of dollars however given that your stocks aren't going to
be your only source of income you actually need much less than you'd
expect here's an example to illustrate what I mean by this let's say you've
determined that you can involve fifty thousand dollars a year or roughly four
thousand dollars a month if you were to follow the four percent rule then you
would need 1.25 million dollars invested to achieve your desired lifestyle
however with the three-prong approach we've been discussing your portfolio
requirements will be much less to to achieve the same result if you're able
to acquire two properties that when combined provide you a thousand dollars
a month and you can collect two thousand dollars in online profits then you
really just need to collect a thousand dollars a month from your stock
Investments to achieve this you'd only need three hundred thousand dollars
invested which is a much less daunting task than I'm asking the 1.25 million
dollars we just discussed the best part about this setup is that the growth of
your asset should exceed the rise in your expenses over time for example your
online business and stock should be yielding returns of more than the
typical two percent inflation which actually offers you more leeway in your
expenses as time goes on this is incredibly important because the last
thing you want to be doing is calling your boss and begging for your old job
back one thing to keep in mind is that the key to pulling off this Great Escape
is to start as early as possible acquiring to real estate properties is
no easy task and most online businesses will take a few years to become
sustainable moreover by allowing compound interest to work its magic you
can amass a large portfolio that will support your non-working years but
remember the longer you delay the longer you'll have to work hey it looks that
YouTube thinks this next video is the one that will change your financial life
forever give it a watch and let's see if they're right