Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 21

Becoming Replaceable

 

Oftentimes, we think of ourselves as being irreplaceable when it comes to running a business. Certainly, in the beginning, the business does need us. Your startup needs you to be a janitor, sales rep, clerk, administrator, marketer,  COO, as well as the CEO and any other role you can think of.

 

Spending countless hours working to grow your business takes a huge amount of time that can be taxing. However, if you devote a set block of time to certain activities, you can perfect some of those tasks to the point where you can call yourself an expert.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 20

 

Breaking the Broke Mentality

 

Many of you starting out in business may be broke. This could be a good thing. Having limited resources will force you to be resourceful if you have a burning desire for success.

 

Starting any business broke should spark a creative mindset to enable you to do more with less.

 
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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 19

entrepreneur vs self employed

Entrepreneur vs Self Employed Mindset

 

Many entrepreneurs are visionaries. They begin with an idea for the business in mind. Later, they reach out to others to make the idea a reality.

 

Most entrepreneurs understand that they cannot do everything on their own and that they need multiple people to make it work. Help is often needed in the areas of funding, expertise and carrying the vision forward.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 18

Getting Paid to Have Fun

 

In order to get paid for what you love to do, you have to bring one of two things to the table: A following or content; preferably both. When you have one, if not both, you can really make money.

 

As an online entrepreneur, I get paid to have fun.

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Don’t Let Poor Credit Lower Your Quality of Living

poor credit

If your credit is bad, you may get denied

 

Our society runs on credit. It takes a mortgage lender to extend credit to finance that first or second home you want, without you having to exhaust your entire savings on the down payment.

 

Credit isn’t just handed over. We all have to prove our creditworthiness. Lenders base their loan decisions partly on our three-digit credit scores.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 17

Would You Be Able To Survive On A Ramen Noodle Diet In Order To Be Rich Like I Did?

 

Financial freedom, in the sense of being independent of a day job, requires focus on making passive or business income exceeds a paycheck. Oftentimes, as business people, we tend to focus more so on asset acquisition to increase our income. However, the way to financial freedom is a two-pronged approach: Increasing our business and passive income while decreasing our personal living expenses.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 16

A Good Name

 

Your name is one of the most valuable things you own, other than your time.

 

A biblical proverb says, “A good name is more desirable than silver and gold.” Your name represents your reputation, your credibility, as well as your credit.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 15

Be your own boss

 

As an employee, you have someone else as your boss. A superior may control as well as discipline you to perform certain duties. A supervisor may keep track of your time and compare it to your performance. This boss may also dictate other things in your work life to make sure you produce the right results for the company.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 14

Calm in the midst of the storm

 

As an entrepreneur, you take sole responsibility for whatever happens to your company.  Ignorance is no excuse. If you or one of your team members happen to make a mistake, you may end up paying the price. Moreover, the entire responsibility may fall on your shoulders.

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Diary of a Real Estate Entrepreneur – My Journey towards Financial Freedom – Episode 13

entrepreneur

Decisiveness

 

I was on Facebook one day and came across an article about successful CEOs and what their staff appreciated most about them. The majority of the staff mentioned that there were two qualities they valued most in a CEO: honesty and decisiveness.

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