One of the significant benefits of investing in property is reaching the point where you no longer need to trade your time for money. This happens when you've acquired enough assets to generate sufficient passive income to replace your job earnings. Of course, this requires an initial investment of time and effort, but once you achieve this milestone, it's incredibly rewarding.
My Journey to Financial Independence
I reached financial independence in 2001 while working at Cadbury's. Starting as a graduate trainee and progressing to a senior manager, I loved my job and the company. However, I valued my freedom more. With only five weeks of holiday annually, it wasn't enough for the travel I wanted to do. By then, my property investments were bringing in enough income to cover my expenses.
I made the brave (or perhaps foolish) decision to leave my promising corporate career and focus solely on property investing. By 2003, eight years after starting, I had completely replaced my Cadbury’s salary. That’s when I began teaching others how to invest in property, discovering my passion for training, teaching, and helping people transform their lives through property investing.
The Mistake of Misplaced Passion
A common mistake I hear from many aspiring investors is, "I’m not passionate about property." Let me share a secret: you don’t need to be passionate about property. You only need to be passionate about what property can do for you. Property is simply a vehicle to help you achieve your life goals.
Even if you're unsure of your purpose, freeing yourself financially will give you the time and space to figure it out. Initially, I managed my own properties, which is feasible even with a full-time job, provided you have the right systems and processes in place. However, as I acquired more properties, I fell into the "landlord trap," essentially trading my corporate job for a job managing properties.
Eventually, I hired others to manage my properties, which granted me the time freedom I sought. Achieving financial independence often requires short-term sacrifices, but these are smart decisions that benefit you in the long run.
Making Smart Decisions
At our events, such as Strategy Implementation Live and Property Magic Live, we feature incredible motivational speakers. At one event, double Olympian swimmer Chris Cook spoke about making smart decisions rather than short-term sacrifices. This mindset shift can change the energy around your decisions, making them more positive and impactful.
I encourage you to make smart decisions about how you spend and invest your time. Ensure you're getting the education you need and implementing that knowledge to replace your income. Once you achieve financial freedom, time freedom follows quickly, allowing you to pursue your true passions.
The Joy of Teaching and Transforming Lives
I've been in this business for 21 years and still find it incredibly fulfilling. I love teaching, but even more, I love seeing how our students implement what they learn and transform their lives. This transformation is deeply rewarding and one of my passions.
Professional Property Investor | 18 Years Experience
Founder and CEO of property investors network
Author of Amazon’s No.1 Best Seller “Property Magic”
Host of Property Magic Podcast Available on iTunes
Visit My Website: https://simonzutshi.com/
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