Want to Make Your Financial Dreams a Reality?

Read this to learn to secret to getting all you ever wanted – and more

"Why are you here?" It’s one of the first questions I ask in my real estate seminars. I want to get a sense of how serious people are, what led them to register for the course, and what they hope to get out of it.

The most common answer goes something like this: "I want to be rich."

Hey, that’s fair. That’s where I started, too. But I quickly learned that that isn’t enough of a goal. Of course we all get into real estate investing to make money – and if you follow my advice, you will make plenty. But to really be successful, your goals need to be specific – things you can touch, smell, and taste.

That’s the problem with ‘rich.’ It means something different to everyone. There is no yardstick for ‘rich’ – no way to know how close you are, no way to know when you finally get there. No way to measure your progress along the way.

‘Rich’ is a dream. I’m not knocking dreams – they have their place. But dreams stay right where they are unless you have a plan to move them forward into reality. And to do that, you have to have specifics.

What does success look like to you? How will you know when you’ve gotten there? What are the points along the way? You need to think long and hard on these questions, and come up with solid, concrete answers – preferably with dollar signs in front of them.

The trick is setting a specific goal, and then working backward from there. How much money will you need to make that dream a reality? How does that number translate into monthly cash flow? How many properties, and what types of properties, will you have to own to get that kind of cash flow? That’s how you build a plan.

Let’s say one of your goals is to own a boat. Let’s say that the type of boat you want runs about $75,000. And let’s say your monthly payment on that boat would be about $850. We’ll even add in the marina fees and insurance and say that all told, your dream boat would cost you $1,000a month.

Now figure out how real estate can get you there. It’s all in the numbers. Remember, we said that each property you own needs to generate a minimum of $100 in positive cash flow each month. If you need to bring in $1,000 a month to pay for the boat, that means you need to have 10 properties.

How are you going to acquire those 10 properties? If you buy one property a month, you could have your dream boat in under a year - even quicker if you’re able to get more than the minimum cash flow out of each property.

The boat is a simple example. But it works for any dream you can dream. Want to buy a vacation home? Figure out the numbers. Want to quit your job? Figure out the numbers. Want to retire? Figure out the numbers.

I’ve said it before and I’ll say it again – real estate investing is not a get rich quick scheme. There is no overnight success. It takes time and work.

But it is the best way I know to make your dreams a reality.

Russ Whitney story is proof in becoming financially independent or build a nest egg so you can enjoy your retirement years.If you want to learn first hand from Russ Whitney. Visit us at: http://russwhitney.com/