Passive income.

It's like the holy grail of financial independence and retiring early.

But how do you actually do that with rental properties?

And how do you leave a job where you've had a salary and sort of like a financial security blanket for many years?

Well, that's the question we're going to tackle in today's episode of Ask Coach, and we're getting started right now.

Welcome. My name is Chad Carson. You can also call me Coach Carson. And this channel is all

about investing in real estate, achieving financial independence,

and doing more of what matters.

In just a moment, I'm going to take you to a clip from a recent live stream that I did.

And in that live stream, I had a question from someone that was about financial independence,

but it's more specifically about taking that leap where you leave your job.

And I think that transition point, the question was about passive income. How do you know

when you have enough passive income from rental properties in particular in our case? How do you

know when you have enough? How do you feel secure enough that that's actually going to support you?

I think there's a, there's a psychology. I don't know this is very common where you've had this job and your, your salary from your job has been in the security blanket for a long time. This made you feel confident and secure. And so taking that leap, depending on entrepreneurship or investing, is really scary. So that's what we're going to tackle today. And let's go right to

that live clip. So this was a big topic of the book I wrote, how to retire early with real estate.

There's a couple comments I have. The first one is, is like your first job as an investor,

is a real estate investor in particular. We're very income driven in the real estate business.

And so like we sort of have two phases. We have a growth, kind of a buildup phase where we're

buying properties and we're accumulating them and we're growing them. And so that's phase number one.

And we're typically not living off the income at that point. We're trying to recycle every bit of money we can back into the properties and it's all about growing that nest egg. So it's more about increasing your net worth, increasing your equity and then it is like actually having cash flow. There are milestones that you can get when you're growing. Remember I was just talking about the person with eight units. Maybe you could take a break when you're halfway up the mountain, make $2,000 a month and kind of take a sabbatical. But still, the point is to

grow. So this person, maybe they're nearing, kind of they're getting a big nest egg. They're trying to

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