Passive Income - What Does It Feel Like?

I was talking to one of the investors I work with. He owns a lot of multi family real estate. He

said to me that one of the things he loves the most about real estate is that he has gotten

himself into a position that he collects a check every month - and even if he totally blew that

money and had nothing to show for it - he’d still have another check arriving the next month.

And then another the month after that. And so on.

At first I kind of thought this was a careless point of view - like he felt he could just waste money

and that it was no big deal. But then I realized it wasn’t about that at all. He didn’t really waste

his money. He was just indirectly pointing out that having real passive income should feel

liberating. He was saying that his income is stable and that if he lost the income of a given

month - he wouldn’t have to be freaked out and work any hard to get that money again the next

month.

Real estate can provide passive income. It isn’t automatically set up that way, and in fact with

the wrong systems in place, it can be quite the opposite of passive.

But the idea here is to point out that with the willingness to put in initial work and systems, a real

estate investor can work his way toward feeling liberated and empowered like the person I

mentioned here.