Active vs Passive Investing

So I've started seeing that, I don't have a retirement plan. And I think a lot of people that are self-employed, they don't have it. When you are an employee, you have this thing that's already done for you when you're in the corporate world, you're made to put this money aside and then those and those people just rely on that. They assume that that's going to be there and that it's going to be enough to support them when they're ready to hit that retirement age. We all think that we should retire, but at 40, it hits you that, I need to do something. Maybe they have kids, so that gave me the confidence to jump into real estate.

The clinics went pretty well for me but, I always wanted to do real estate. I remember seeing the old Carlton Sheets, late-night TV, there's always something in the back of my mind that I thought I could do and I wish I had started a lot earlier. I see guys at these conferences that are in their 20's starting real estate. I would do anything to be able to go back and start earlier. It's so cool, but these young kids are getting into this and they're doing so well with it and they're starting at a young age.

When you see the TV commercials, it looks very unachievable, very difficult and you wonder if it's true. Once you start studying this, you see that it's really not a big deal, you just have to learn the fundamentals and go out and take action. It's a job, you have to work on your advertising, take the phone calls, there are contracts involved and it's a full-time job. I think when you're an investor, it's like the cashflow quadrant, you're always looking to get more and more passive as you get older and you want to move from working hard in a job to becoming a business owner, to eventually just becoming an investor where you're investing in other people's deals, let them do all the heavy lifting.

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