Understanding Your Risk Tolerance

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5 • 884 Ratings

🗓️ 17 June 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're not losing on some deals, you're not doing enough... Do you agree? We want to coach you at Wealthy Investor! For a free consultation, go to https://wealthyway.co/jmi ______________________________________________________ Looking to grow in your faith and business? Join the premiere community for Christian entrepreneurs and business people. Develop your leadership, discipleship, and your faith at https://wealthyway.co/dyy Are you an entrepreneur who wants to build their pers...

Transcript

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0:00.0	I want to talk about that so how much cash flow do you make a month?
0:04.0	Okay so my gross is approximately
0:08.0	almost 13,000.
0:10.0	Okay.
0:11.0	It's pretty good. Yeah, everything right now I'm like I can't say net because everything I make I invest back in
0:17.6	Yeah because my goal is to be I still have a full-time job my goals to be W-2 agnostic
0:27.4	Where I can work if I want. I can work on what I want to do but I don't need to work. You know and I have certain numbers I want to hit before I quit because I want to
0:32.4	travel I want to live a good life.
0:33.5	Yeah what numbers are you trying to hit before you quit? So at minimum probably 10K
0:38.1	a month at minimum like that is the first where I would start to the first spot where I'd be like okay maybe I can
0:43.8	start thinking about leaving yeah because honestly like I don't have a family I like
0:48.2	house hack my living expenses are low like car payments low that'll be paid off
0:52.0	soon I don't need that much but the like car payments low, that'll be paid off soon.
0:53.0	I don't need that much, but the thing that that would buy me is time because there's so many things
0:58.7	I want to do.
1:00.0	There's other businesses I want to launch.
1:02.0	There's, I have like other creative endeavors I want to go into that I can't do right now
1:06.3	While I'm working full time and running this business. Yeah, and I'm too financially conservative to hire out.
1:12.8	Oh, well, that is the other day.
1:14.8	I'm going to walk out of here with a city crisis.
1:18.8	Yeah, yeah, you're like, damn, I need to get some leverage.
1:21.6	I know, right. So I think so a couple of things you touched on so I am very risk
	...

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