#128: The Cashflow Quadrant Explained (and How I Earn My Income)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 24 August 2020
⏱️ 37 minutes
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| 0:00.0 | If you want to achieve financial independence, if you want to have control of your time so that |
| 0:04.8 | you have money working for you instead of you working for money, it's a big ambition for a lot of us. |
| 0:09.1 | If you want to disconnect the need to work for money so that you can work for joy and work for |
| 0:15.1 | purpose and meaning, and maybe it makes a little bit of money still, but you don't have to worry about |
| 0:19.6 | selling out your time for the top dollar. |
| 0:21.6 | The key here is that you have to, if you're starting on the left side as an E or a S, which most of us do, |
| 0:27.6 | you've got to figure out how to get to the right side. |
| 0:41.0 | Welcome to the real estate and financial independence podcast. |
| 0:42.6 | My name is Chad Carson. |
| 0:44.0 | You can also call me coach. |
| 0:51.1 | I'm the host for the show, which is all about investing in real estate, achieving financial independence, and doing more of what matters. |
| 0:52.6 | Thanks for being here today. |
| 0:54.7 | It's always great to have you listening to the show. |
| 1:00.0 | This is going to be a solo episode on an interview this week. In my world right now, this is the time of year, late summer, when I am actually doing a lot of bookkeeping, put my head down and reviewing, |
| 1:06.1 | if you believe it or not, 2019 for tax returns. Seems a little bit late. We file an extension every year. Most of the books we |
| 1:13.6 | have are the bookkeeping is done at the end of last year, but there's always a little bit of cleanup. |
| 1:18.5 | There's a few things to do to get it and present it to our CPA to file the tax return. And I just |
| 1:24.6 | found the summertime is a nice time to do that. It's a little bit quieter right after we get some tenants moved in in early August. This is the time of year to do it. |
| 1:32.5 | So with all that being said, I have been focusing on income, thinking about income taxes and |
| 1:38.2 | thinking about where income comes from. And it reminded me of one of the biggest paradigm shifts |
| 1:44.1 | I had early in my |
| 1:45.1 | investing career, which is I look back on it, made a huge difference in my path to financial |
... |
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