The money that we are given from God belongs to Him. We are just stewards of His money and His possessions. This last principle of the rich is that it is better to give than receive. I have always been taught that is better to give than receive, and I have found that be true. Your rate of return could not be calculated because it would be infinite since you had no money out of your pocket. Imagine if you put no money down, which is possible, to buy a rental property and have the same monthly rent.
I wanted to purchase a new Dodge Ram Truck to replace my old Nissan Titan. Also, I didn’t want to pay any more money than what I could sell the truck for.
I have implemented them in my life which has helped me to get to where I am today. He allows us to keep 90% of his money that we receive and give back to him only 10%.
If his expenses are $900 a month, and your rent is $1, 200, you are giving him $300 dollars of your income for the “privilege” of living in his home. This principle is about buying your home and not renting it. When you are a renter, you are giving your money away to someone else.
The first time someone told me I could afford anything by changing the way you think, I thought they were pulling my leg. With over 30 properties, the passive income keeps coming in even though I don’t work.
Connect with the MPI Coaches and the other like-minded investors inside the MPI Mastermind Community. Ask questions about investing and get feedback how to be successful in your business. Inside the membership, attend live 90-minute Group Coaching sessions with Coach Dustin Heiner as he and the MPI Coaches teach you how to build a successful real estate investing business. Now, I have more time to spend with my amazing wife and kids. I also travel the world andbest of all, do only what I want to do. This is because of the many years of living life without the knowledge and experience, and not applying these principles to assist us in our life.
I prefer to invest in a business I can controland the real estate rental properties that my company owns are completely under my control. When you invest your money in rental properties, you have placed it in a safe investment for the future. After you have worked hard to save 10%, cut your expenses until it hurts, and then look for an opportunity for your money work for you.