What does financial independence really mean, and how’s it different from financial freedom? Understand Financial Freedom Vs. Financial Independence, the differences, and the path to get there.


Financial Security vs. Financial Freedom vs. Financial Independence

To achieve financial independence or financial freedom, you’ll likely need to build multiple streams of passive income. This is something that won’t happen over night but can grow your wealth with a slow and steady approach. Ongoing passive income is created while you sleep – think of it as a financial journey.


Milestone #1 – Financial Security

The first milestone many people achieve is financial security. To achieve this, you need income coming in from other sources (beyond your W2) to cover basic living expenses.

Becoming financially secure is the first step toward financial freedom and early retirement.


Milestone #2 – Financial Independence

Being financially secure means you can cover all the basics to survive. Financial independence means you can retire early and maintain your current lifestyle without working ever again. This means the basics and the “nice-to-haves”.

Multiple streams of passive income fund your lifestyle while you choose what you want to do on a day-to-day basis.


Milestone #3 – Financial Freedom

True financial freedom is one step beyond financial independence. It’s where you can enjoy the true “do-what-I-want” lifestyle without much, if any, financial constraints.

Financial freedom means you can make choices without worrying about where the money is coming from. It also means you have complete time freedom to do what you want, when you want without worrying about finances.


Becoming Financially Free

To be financially free, you have to start with the end in mind, ,which means, like anything in life, you have to set goals. Specific, measurable, time-bound goals. This will help you set your investing criteria and measure your progress and success throughout your journey. To start, you need to figure out what your bottom line numbers are for financial security, independence and freedom.


Achieving Financial Freedom Through Investing in Real Estate

There are a million ways to generate passive income streams, but more people have become millionaires through investing in real estate. Why? Because it’s so simple! Remember the game Monopoly? Well, it’s pretty similar. Buy a property and rent it out.


Investing in Rental Properties

Investing in rental properties is definitely NOT a get-rich-quick play. But, if you take the time to build your portfolio slowly, you’ll get there.


Investing in Real Estate Syndications

In these types of group investments, many investors pool their money together ($50,000+ each) to cover the purchase, renovations and initial operating expenses on a much larger-scale, or commercial, property (often called an asset).

In this scenario, you would be a limited partner (passive investor), while the general partners (also called sponsors/operators) are responsible for the day-to-day operations and management of the asset. Syndications are truly passive because your money makes money while you have no active responsibilities.

Real estate syndications are available in different markets and various asset classes, which allows you to diversify and build multiple streams of income rather quickly.


Enjoying Your Own Journey to Financial Freedom

Real estate can be the easy, slow and steady approach to financial freedom no where you are in your financial journey. There’s no single type of real estate investment that will accelerate your journey the fastest.

The goal is to diversify your investments and to enjoy the journey. You are on your way to creating new, passive income streams as you form new relationships and grow your knowledge and your wealth.


Finding And Funding Your Next (or First) Syndication Deal

To invest in a real estate syndication,you often have to be an accredited investor. However, a handful of our syndication deals have been available to sophisticated investors over the past year.

In other words, you can take advantage of this wealth building tool at almost any level!

All you have to do is join the Ohana Investor Club which includes a quick call with me to discuss your investing goals, what you’re looking for and how you see real estate syndications moving you toward the lifestyle you desire and deserve. Then, and only then, can I share all of our upcoming offerings with you! We look forward to walking through this investing journey with you!