FIRE Movement: Financial Independence - Episode 566
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 26 December 2019
⏱️ 18 minutes
🧾️ Download transcript
Summary
If you want to create financial independence in your life, it starts with one thing: knowing your goal. If you know what your expenses are, you can then determine how many performing assets it would take for you to live financially free. This is no arbitrary number; this is setting a real goal based on your real life!
On today's show, we're breaking down the FIRE Movement and the one thing it actually takes to create passive income. You'll learn the basics of the FIRE Movement, some of the main objections, and what financial independence really means. If you want to live financially independence, this episode of Investing in Real Estate is for you!
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Transcript
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| 0:00.0 | The Fire Movement, what is it all about? It's financial intelligence, but it starts with one thing. |
| 0:12.8 | If you want to be a part of the fire movement and create financial independence |
| 0:15.7 | in your life, it starts with this one thing and that's what we're going to talk about on today's |
| 0:19.2 | show. |
| 0:20.2 | Let's dive into it. |
| 0:21.2 | Hey everyone, I am Clayton Morris, longtime real estate investor, and I've devoted my life to helping |
| 0:26.1 | other people build financial freedom, build financial intelligence. |
| 0:30.1 | So when I started to see all of this discussion about the fire movement over the past year or so, or even over the past few months, it's actually become more of a fevered pitch lately, I wanted to dive in and talk about what the fire movement is all about and there's a bunch of people who are arguing against it who say you know you just cannot do it |
| 0:49.9 | It doesn't make any sense and it is for moochers of the system etc. |
| 0:56.0 | So we're going to talk about some of the detractors as well on today's show and then we're going to get to why I believe there's one thing you need to do to create |
| 1:06.5 | financial independence. |
| 1:07.8 | So hang around for that because we will get to that in a few moments. |
| 1:11.3 | So for those of you who don't know me or who are new to the channel |
| 1:14.3 | please go and hit hit that subscribe button. That's what this channel is really all about. |
| 1:18.7 | We want you to take control of your personal finances. We want you to understand your balance sheets. We want you to build |
| 1:25.7 | financial freedom and live the life that you want. So you could leave your 9 to 5, you can focus on the project |
| 1:31.7 | that you have always wanted to do, you could build the that you have always wanted to do. |
| 1:32.8 | You could build the business you've always wanted to. |
| 1:35.0 | That's what this channel is all about. |
| 1:37.3 | And we talk about buy and hold real estate here on the show because that's the way that |
| 1:40.5 | I've been able to achieve financial freedom, buying |
| 1:43.4 | single family properties, renovating them, and placing tenants in those |
... |
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