Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 12

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Attending Conferences

 

When I was an employee, I had a love/hate relationship with conferences. I enjoyed the opportunity to leave the workplace to see some colleagues from other regions who I hadn’t seen in awhile. Plus, I enjoyed getting out of the office in general; attending work-related conferences almost felt like a vacation.  

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 10

Shooting YouTube videos

 

After I quit my job, I soon realized that my friends wanted to hang out with me so they can pick my brain, and not just enjoy my company. They asked me several questions over drinks: “How did you finance that multifamily property?” “How did you improve your credit score?” And the list went on. At that moment, I discovered a new market and a new business.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 9

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Build Your Money Team For Three Reasons

 

I have 23 credit cards. Yes, you read that correctly – 23! Why do I have so many? Well, business credit, as well as any form of debt for that matter, serves three purposes:

  1. Asset acquisition
  2. Growth
  3. Reserves

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 8

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Real Estate Entrepreneur

 

Normally, if you want to buy a house, you could consider obtaining a mortgage, using your savings for the down payment. Many people take this approach even for real estate investing.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 7

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Don’t be a broke, frustrated chump

 

Oftentimes, my coworkers wanted to go out after work and have a drink at the local watering hole. After a few drinks were in our systems, they began to complain about several things: the economy, their income, their boss, the staff, and other things related to the job.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 6

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One Thing Without Guarantees

 

Do you know what’s awkward about being an entrepreneur? It’s pursuing one thing worth having, with no guarantee of results. When I say “one thing,” I mean one thing only.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 5

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Why banks won’t lend to business owners with bad credit

 

I was an aspiring entrepreneur, but I had bad credit and no money. I had debt collection agencies contacting me, asking for their money, and I had just enough money to make ends meet. I just couldn’t qualify for the financing (mortgages) I needed to embark on my real estate investing endeavors.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 4

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For Real? I Guess I’m The Only One

 

Working for the government had its benefits. Two-week long vacations, a crazy amount of sick leaves, and a suitable retirement plan. And of course, I can’t ignore the customary, annual pay raise. Most people tolerate jobs they don’t like just for those benefits. Some even become handicapped by them as they are stuck. The fear of losing their job or being forced into a non-paid leave of absence leaves them crippled; it makes it worth putting all their efforts into a 9 to 5 job for the rest of their lives so they don’t lose it. However, there are no guarantees of that happening.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 3

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If  You Ain’t Talking Money, I Don’t Want To Talk

 

When I become an entrepreneur as well as an employee, I had two jobs to juggle. From 9 in the morning to 5 in the evening, not only did I have to perform my duties as an office employee in a satisfactory manner (just good enough to not get fired), I also had to complete some real estate investment work.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 2

Network Equals Net worth

 

After being told by my governmental coordinator that I was better suited for the private sector, I was quick to draft my resignation letter (see ‘Greatest Advice I Ever Received’), yet wondered what was next.

I knew I had to learn more about real estate investment in order to become a real estate investor.  So I started reading books, watching YouTube videos, and listening to podcasts from the comfort of my own home.  We live in the information age, so all the knowledge I needed was readily available at the stroke of a finger.  I began to learn on my own; however, I wasn’t making much progress.  That is when I decided to start networking.

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