According to the Economic Policy Institute, the threshold for the top 10% of U.S. income earners in 2017 was $118,400. You may have just mentally assessed how you might get to this number by trading more of your time or by making investments that really only earn money one way. According to Michael Soulek, both of these ideas miss the point of what you need to do to hit this level of income. Today, we explore the third option: finding investment vehicles like real estate that earn money multiple ways and that give you back more of the time in your life.
Posted by
(May 08, 2019) How to Save & Invest in Real Estate
No matter your income level, you can invest in residential real estate. On today’s show, Al Gordon shares 10-year plans for setting aside savings and buying rental houses or becoming a passive investor in multifamily deals. Whether your income is $50,000 or $150,000 it can be done! The Lifestyles Unlimited map will show you the way.
Posted by
(May 08, 2019) The Retirement Do-Over
One of the great things about an investment model that can retire you in five years or less is that it can help you if you need a retirement do-over. Today, Michael Soulek has a roadmap for those who’ve woken up to retirement plans that have gotten off track. Join in as he shows you how, with Lifestyles Unlimited tools, to purchase a single family rental home and start your do-over today.
Posted by
(May 07, 2019) Tell Del Tuesday “Buy The Rental Home First” – Featuring LU Members, Corey & Candice
Corey and Candice were engaged when they came across Lifestyles Unlimited, and as it turns out, they closed, rehabbed, leased, and refinanced their first single family rental property in the months leading up to their wedding… ahead of buying a primary residence for themselves. But, when you look at where they are now, just five years after joining, you might do the same.
Posted by
An Introduction to Hard Money Loans
Understanding how to finance real estate deals is an essential part of any real estate investor’s education. There are many financing options available to investors who want to buy rental properties; however, savvy investors know that utilizing leverage via the correct financing vehicle is key to increasing return on investment.
Posted by
(May 06, 2019) Your Retirement Plans
What are your plans for retirement? Are you setting aside savings in an investment program like a 401(k), IRA, TSP, etc? Did you know that, after working 30-40 years, most people wish they had set aside more savings? Al Gordon is here to tell you that you don’t have to be like most people. You don’t have to depend on 401(k)s, IRAs, and pensions for your retirement. Real estate investments belong to an asset class that makes you money in five different ways so that you can replace your earned income with passive income and retire at an age and time of your choosing.
Posted by
(May 05, 2019) The Truth About Pensions
Al Gordon discusses the history of pension plans and how they’ve been diluted over the years, especially for military personnel, policemen, firemen, and teachers. If you’re depending on pension income to carry you through retirement, it’s time to think about Plan B. As a retired military veteran, Al receives not one, but two pensions, and knows first hand that his pension money does not begin to cover his expenses. That’s why he turned to real estate investing. Listen to the entire show to hear how real estate investments can more than bridge the pension income gap.
Posted by
(May 02, 2019) How to Build a Great Lifestyle
Lifestyles Unlimited is an education and mentoring group for real estate investors founded by Del Walmsley. Any member will tell you that education, networking and relationship building, and having a mentor allowed them to become successful real estate investors and build an extraordinary lifestyle. Listen as Michael Soulek describes how Lifestyles Unlimited takes people by the hand and teaches them how to invest in real estate.
Posted by
(May 01, 2019) The Five Laws of Gold
On today’s show, Al Gordon discusses the five laws of gold (i.e., money) from Richard Clason’s classic 1926 book, The Richest Man in Babylon. The lessons from this book are timeless because the needs of man and the laws of money never change. Del Walmsley, the founder of Lifestyles Unlimited, realized this when reading the book and decided to incorporate its basic financial tenants into the map that Lifestyles Unlimited members follow when making real estate investments. Listen to the entire show to learn the five laws of gold and then add the book to your reading list.
Posted by
(May 01, 2019) Create the Environment to Change Your Life in Five Years or Less
No matter your occupation, you stand to earn a lot of money over your lifetime. But, you don’t stand to keep much of what you earn. It’s no wonder then that we don’t get to hang up our hats from work when we feel the time has arrived. No doubt, this is the environment we live in. But, in response, we can create an environment of our own. The focus should be to create an “asset base” to grow your wealth, “a family office,” says Michael Soulek, and with real estate, this is a lot easier than you think.
