Hey this is Matt Terrio over at Epic Real Estate and welcome to another episode of Financial Freedom Friday with Matt Terrio.

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

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 you want to call it, the type of money that comes into on a monthly basis without you really having to put a whole lot of effort forth to earn it.

We call it just cash flow around here.

You want your passive income, that cash flow, to be at a point where it exceeds your monthly expenses.

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

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

One, you can increase their passive income. That's one way. Two, you can increase their passive income.

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 that'll never change, but let's look at another way to do it as far as decreasing the expenses. How can you go about doing that

and really make a significant impact on your escape?

So I'll give you three different things

that you can do, like you can do these right now.

One thing is to go ahead and audit your bank statements.

You know, in the world of that which we live right now

with everything online, so many other subscription services we belong to go through and just audit

last month's bank account for those recurring payments and just kind of go

through like the different services and products that you have on on

auto recurring like recurring payments just kind of go through there and

says do I need this do I need this do I need this do I need that we just did this

...