PREFACE: As a youngster, my parents owned a few rental homes. I grew up witnessing how those investments had provided for our family and allowed us to do things that maybe we never would have otherwise. I knew that as an adult, I too would like to own rental real estate.
Fast forward to 2020…..there I was, a 13+ year veteran with the Federal Agency that I am still with, beginning-covid pandemic, stock market crunch, jobs closing down, so forth and so on. I was spending my countless hours at work trying to pass the time. Things were slow for us at the office. One day I was simply scrolling through the news feed on Facebook and came across one of those targeted ads, and it actually caught my eye. I usually scroll right the heck past those things, but this one actually made me stop mid-scroll. The ad was for a book about the Rockefellers and generational wealth.
I thought to myself, “Man they got me, I’ll kick down the $10 and give it a whirl.”
And so I did. Once I had completed this very short and easily read book, I was mesmerized. I was very much of the mindset “This has got to be too good to be true!” I immediately was intrigued and wanted to learn more, verify if this concept was real, and really worked as the book advertised. I hit up the good ol Google machine and found as many books on the topic as I could. I ended up purchasing more than a dozen books by nearly as many different authors. Between books, I also spent over a hundred hours on YouTube videos really digging into the concept. All the books, all the videos, all the perspectives led me to roughly the same result: Yes, this is real. Yes, this works. Yes, wealthy people utilize it.
Once I found out that it was a concept that worked and wasn’t just some scam, I sought out someone that was respected that could help start me on my journey as both a user of the product and a provider of the product. I ended up finding a great fit for my needs. Someone that has the same goals and mindset as I do regarding putting people first. We went through the education phase of how to best build and utilize my own personal bank, how it works, why it works, and the math to prove it.
I immediately signed up for my own banking policy. This is how I did it, later we will get to the why. I reduced my TSP contributions from the maximum down to the 5% level. I wanted the free match at this point. I took a withdraw from my TSP, paid the taxes, and then used that lump sum as a way to “kickstart” my own banking program. (this isn’t required, but it made sense for my goals to do it this way). I then would put monthly into my program, the money that was previously going into my TSP account.
Once I had my account set up and initially funded, I took a loan out to pay off high interest debts and to put money down on rental real estate. I found a few deals in the first few months and was able to completely replace what my projected TSP income would be years later in retirement. Now I had my nest egg growing and at the same time leveraged it to buy income producing real estate. I couldn’t be happier!
Since, I have rearranged my personal budget and started my second banking policy (yes you can own more than one), and will soon be using that to leverage into more cash flowing assets as well. From a skeptical government employee, this is the real deal. I no longer contribute to my TSP and have actually withdrawn the maximum allowable amount (all of my personal contributions and gains, the G’s contributions and gains have to stay in jail until I retire).
Here’s the “why” it made sense for me. The naked truth!
I have always wanted to own rental homes. I did own a duplex at that time, about a mile from the Pacific Ocean. It was appreciating well but not really cash flowing the way I would hope. I was going about my life. Living. Taking vacations. Driving a nice car. Living in a nice home. Raising a toddler with my much better half. I’d like to spend my “extra” money on things like eating out, traveling, dumb collectibles, and carrying high interest revolving debts. Amazon comes too often to our home. Does any of this sound familiar? For many Americans, this is “normal.”
Here is the reality. Hit the fast forward button on my example. 8 years later and retirement would be knocking. I would have lived a fun life but would 100%, without a doubt, NOT owned any additional real estate. Saving was hard for me.
This concept has turned my life upside down and inside out. For the better! Now I just wish that I had found it a decade or two prior. Which is exactly why I want to tell everyone that I know about it.
Now, I am contributing to my very own “bank” and have been able to invest in cash flowing assets, taught by the great Rich Dad, Poor Dad author Robert Kiyosaki. Here is the part that I want everyone to absorb…..I did NOT change a penny within my budget. I didn’t have to set aside any ADDITIONAL money. I still travel. I still eat out. I still buy dumb collectibles. I still drive my nice car. We still have an expensive toddler. Not a thing has changed EXCEPT where I send my money. That’s it! Now I have additional income from my cash flowing assets and my life is on track to actually be financially free in retirement. NONE of this would have been possible without this concept. I thank my lucky stars every day for that Facebook ad!
I am happy to show you how I did it, and help you achieve your own goals. I am an open book and hope that you take advantage of the opportunity to set your own path to a successful future. CONTACT US
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