jeff-king-bJHWJeiHfHc-unsplash

Wealth Building: The Real Agenda 

If your pursuit of wealth is all about pursuing things, you’ll likely end up unsatisfied or fall short of your goal. If your agenda involves sports cars, luxury clothes, yachts, a vacation in the Maldives, or a $10,000 watch, either you will spend all of your earnings and go into debt for those things, or once you achieve them, you will feel unfulfilled.

Many people have gone broke in the pursuit of things – things that don’t fulfill them. The people with a higher agenda – loftier goals – achieve wealth because they can devise a successful investment plan around a higher goal.

​​What is this higher goal? Freedom – freedom of time. It’s the freedom to live your life on your schedule and agenda, spend time with the people you love and appreciate, and pursue passions and pursuits that fulfill you and inspire you. Thomas Waschenfelder, The Pursuit Of Wealth Is The Pursuit of Freedom (2021).

Is there anything more valuable than freedom? Many lives were sacrificed, and much blood was spilled over the achievement of our own country’s independence. The ability to chart your course and live a life on your terms and not somebody else’s is something people have been willing to lay their lives down to achieve since the beginning of time. Fortunately, you don’t have to spill blood to achieve financial freedom. You just have to learn to build wealth.

Believe…

Most people would love nothing more than to attain financial freedom. Many don’t think it’s possible or even a worthy pursuit. From an early age, we’re indoctrinated with the common thinking that we should be obedient children, do our chores, go to school, get a good education, work a 9-5 job, obey the laws, put money in a 401k and retire at the age of 65. There’s nothing wrong with working hard and living upstanding lives, but is this what we want? To live life like robots and then die?

So, in one camp, you have a group of people who don’t think there’s life outside the mainstream. Then, there’s the other camp who don’t think it’s possible, and when they see someone achieving wealth, they pass it off to luck, illegal activities, or family help.

The first step to independence for our country was for the founding fathers to win the hearts and minds of the colonies and all fledgling Americans that freedom was achievable and worth the fight. The first step to personal financial freedom is changing your heart and mind. You have to believe it’s possible; then, you must be willing to fight/work for it.

“The reason you want wealth is that it buys you your freedom. So, you don’t have to wear a tie like a collar around your neck. So, you don’t have to wake up at 7:00 AM, rush to work, and sit in commute traffic. So, you don’t have to waste away your entire life grinding all your productive hours away into a soulless job that doesn’t fulfill you.”  -Naval Ravikant.

The Real Agenda…

When you start to equate wealth with freedom, you’ll start looking at investing differently. You’ll think about building something lasting instead of speculating to make a quick buck. Your goals are loftier. First, you’ll want to live life on your terms, and then you’ll want your children and your children’s children to live their lives on their terms.

What can a higher goal be to achieve freedom for yourself, your children, and future generations?

​​It’s a goal that smart investors have pursued and achieved for years, and they didn’t do it by speculating on the latest fad or shiny object investment. Instead, they built wealth to achieve freedom through asset classes that would endure with their descendants. That is why successful investors have always gravitated towards cash-flowing commercial real estate and income-producing private businesses to build, grow and maintain lasting wealth built to endure for generations. Passive cash flow not only provides for the needs of current generations but can also be reinvested to provide for the needs of future generations.

Wealth will buy you the freedom of time that you crave. You have to believe it can be done and then do it.

MIKE AYALA

MIKE AYALA

Mike Ayala has owned and operated mobile home parks since 2007, and has been active in construction and management since he was 15 years old. He graduated from the Associated Builders and Contractors 4-year project management program at age 22 and then became a licensed instructor. He is also the host of the Investing for Freedom podcast.