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Epic Real Estate Investing

3 Tips to Accelerate Your Rat Race Escape | 1040

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 5 June 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

You can escape the rat race by increasing your passive income, but you can do it even faster if you REDUCE YOUR EXPENSES! In today's episode, Matt shares 3 tips to accelerate your rat race escape through saving money - WITHOUT giving up your daily $3 coffee! Tune in and find out how!

Transcript

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0:00.0

This is Tereo Media. Success in real estate has nothing to do with shiny objects.

0:15.0

It has everything to do with mastering the basics.

0:18.0

The three pillars of real estate investing.

0:20.0

Attract, convert, exit.

0:25.0

Matt Terrio has been helping real estate investors do just that for more than a decade now.

0:30.0

If you want to make money in real estate, keep listening.

0:32.0

If you want it faster, in real estate, keep listening. If you want it faster,

0:34.2

visit re I ACE.com. Here's Matt.

0:38.3

So when it comes to escaping the rat race, some become kind of cliche, but what does that actually mean?

0:46.0

Well, it just means where you get your finances to a point where your income, your residual income, your passive income, your cash flow, whatever

0:55.7

you want to call it, the type of money that comes into on a monthly basis without you really

1:00.3

having to put a whole lot of effort forth to earn it.

1:03.6

We call it just cash flow around here.

1:05.3

You want your passive income, that cash flow,

1:08.2

to be at a point where it exceeds your monthly expenses.

1:13.6

So to escape the rat race, there's two ways to do this.

1:16.2

You can, maybe even three, essentially, I guess.

1:19.2

One, you can increase their passive income.

1:22.0

That's one way. Two, you can decrease your expenses and three, you can do both at the same time. So we talk a lot here about how to increase your income, how to make more money through real estate and you know

1:35.5

that'll never change but let's look at another way to do it as far as decreasing the expenses

1:40.3

how can you go about doing that and really make a significant impact on your escape?

1:46.2

So I'll give you three different things that you can do, like you can do these right now.

...

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