My motivation is learning new things, achieving goals, and providing knowledge to people. I like challenges and meeting people. I want to create deals that make everyone happy.
If I make some money along the way that's great. Cheers!
@Jessica Krueger building legacy wealth for my family. We just had twins and we just adopted two girls have been through Hell and back. I want to make sure I can provide my kids with a bright future that helps them achieve any future goals they might have.
@Jessica Krueger freedom to do what I want when I want. And what I want to do is more international travel. I also want to make sure my family is financially secure no matter what the future holds
@Jessica Krueger financial freedom and social stigmas
Tax incentives to stir up a certain social action. I’m providing a place to live for a family while creating wealth for mine. Real estate is not a zero sum game. There is room for maneuvering to create the zealous win win win transaction equity holders can only dream of!? Good luck. Write your why down and put it in your wallet and look at it every day!
@Jessica Krueger have enough rentals to cashflow and be financially independent, currently have 2 4plexes that we’re acquired in a 1 year time span.
Goal to is get a couple more multi family buildings and see where I stand, I REALLY want to purchase a vacation home in northern Wisconsin that would be rented 90% of the time so I could enjoy it a few times a year, would love to connect with anyone who does this!
Hopefully one day I can do this full time with my wife, and on the weekend head up to the lakehouse :)
@Jay Hinrichs what advice would you give to someone just starting out he’s getting ready for the real estate licensee exam? What should people like myself keep in mind at the beginning?
This is a fascinating question. I would say that my motivation for real real estate investing is to learn and develop new skills that I can apply to my daily life and career to reach financial independence and be able to give back to those who have given to me.
-The fear of spending the rest of my life working for somebody else and never building my own empire.
-I hate the idea of having a boss. Being a grown man and obeying orders for enough money to get by is disheartening.
-My great work ethic and willingness to go the extra mile will be put to better use.
-To finally have the time and energy I need to improve my mental and physical health.
-To make my parents proud while they are still here to see me become successful. And to be able to provide them the life they deserve.
I could spend hours listing all of my “why’s” but in summary it all boils down to having more time and money, and more importantly, to be proud of who I am and what I’ve achieved.
@Jessica Krueger You’re going to think I’m nuts. I want to be a financial advisor. It’s crazy. I’m 29. I’ve been homeless. I’ve destroyed my credit. And then bounced back. My credit is currently the highest I’ve ever seen it and my money is moving in ways that I would have never thought. Literally, because I didn’t used to understand Manley and therefore did not conceive what it could do. I HATE when someone goes to school and then throws textbook knowledge at me without any real experience. That’s what I’m doing now with investing and being on BP. I’m getting experience. I’m also going to school. So I can get that two-fold effect.
@Jay Hinrichs what advice would you give to someone just starting out he’s getting ready for the real estate licensee exam? What should people like myself keep in mind at the beginning?
The job is much harder then you think. 90% give up in the first year. Most agents are broke. You work crazy hours. However, for the 3-5% who make it and are successful the sky is the limit. Before you sign with any broker, talk to KW.
I got into investing, because I did not like the idea of a 401k - having to save up a finite amount of money and hoping I would die before I run out did not seem very attractive. I never dreamed of a portfolio the size we own now - REI is a slow game, but it's amazing what one can achieve over a decade!
As Dave Ramsey says, it’s to “change my family tree.”
I kinda grew up on the wrong side of the tracks. My parents are good people and did the best they could. But, the environment I was brought up in wasn’t great. Lots of moving around. We lived in lots of trailer parks and places like that. Not exactly an environment that nurtures future success. It’s not the lack of money, it’s the mindset of the people around you that is damaging.
Then when I started high school we ended up moving to an apartment in a wealthy suburb of Seattle. My dad took a truck driving job and it made sense to live there for his commute. I finished school there, and got my first job at McDonald’s there too.
I made friends at school and work, and I got to see how wealthy/successful people live, and most importantly how they think. I went from hanging with kids whose parents were drug addicts and welfare recipients, to hanging out with kids whose parents were airline pilots, and mortgage brokers. It didn’t happen overnight, but after living there 5 years it completely shifted my mindset towards wealth and wealthy people. I realized that I was wired to be poor.
So my motivation is to make sure my future children never have to re-wire thier brains. We want them to be raised in one house in a neighborhood where success is normal, and not some pie in the sky fantasy. I want to end the cycle with my children.
My wife is just like me. She wants to end the cycle of poverty. She’s an immigrant, and the first in her family to go to college. Every one of her younger siblings also graduated. Her little brother is a mechanical engineer and is absolutely crushing it. If she hadn’t cleared the path they probably wouldn’t have.
There’s no reason to be poor in this country. I always point out that her family is first generation and higher up the socioeconomic ladder than mine. And my family came here on a boat 200 years ago. What’s the excuse for that?!
Living in America is probably the greatest privilege imaginable to people that are willing to pay the price for success. There are countries in the world that have higher standards of living for those less motivated. But for people who want to go BIG, there’s no better place on earth. My family has done nothing with that gift for generations, so it stops with me.