Updated about 10 years ago on . Most recent reply
WHAT IS YOUR "WHY" ??????
Hey everyone, I'm curious about hearing other peoples "Why" when becoming real estate investors. I think this would be a great discussion. 3...... 2....... 1....... lets go and leave your comments below. thanks.
Most Popular Reply
Great question because many believe that you can't be successful unless you have your Why crystal clear in your mind. In fact, everything else such as finding properties, finding money, getting training, finding a great mentor, building your portfolio, etc. are just details if you are obsessed with your Why.
For any of you young folks out there (i.e. under 50😀) know that your Why can come later in life. I didn't find my Why until I turned 55 when a lot of employees are thinking about retirement!
My Why is to get my wife out of her job by replacing her income. Then I want to replace my income with a steady stream of passive income. Then I want enough annual income to let us travel about 5 times per year. Following that, I would like to make regular donations to help the homeless shelters in Ontario to provide meals. Finally, my big Why is to be able to educate up to 1000 children each year in Africa or India through the passive income from my portfolio of cash flowing properties. I believe I can achieve all of this in 10-15 years.