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Work can take over our lives, and if you don't protect your time, somebody else will. Now, one of the most effective ways to create more time for yourself and your family is through passive income.
Today’s guests are Mike and Chrissy Koperna. Chrissy is a radiographer for 22 years now and while her hands are full working at the hospital, Mike works as a real estate agent and an investor. Mike’s first investment property was a duplex back in 2000. Eventually, he went into full-time real investing and started wholesaling properties and his income tripled.
The definition of financial independence is when your passive income pays your living expenses – and Mike and Chrissy are certainly on their way towards financial independence.
Here’s what we talked about:
- How they protect their time carefully, especially with family
- How their time has been impacted by the investment plan
- Resources Mike used to educate himself about real estate
- The art of wholesaling properties
- Strategies for g started with real estate investing
- Things you want to learn from successful people
- How they see themselves evolve in their investing journey
- Investing is what creates the time
- Having conversations with your kids around wealth creation
Episode Highlights:
How to Protect Your Time Through Passive Income
Take bits and pieces from everybody else and implement it into your business. And that's what you need to do in life to make you happy, sane, and balanced. Implement that schedule along with your family because having a balanced family is important.
Investing is what creates the time. The more passive income you have, the more time that you can create for your family.
Asking for Help
When you're getting started with investing, learn as much as you can. And if you find some people, align yourself with them and ask for help.
Learn from people more successful than you. Don't just learn about what they did right, but also know what they did wrong, too. That way, you can understand or avoid those kinds of situations where they didn’t do well because success leaves clues.
No matter where you are in your investment journey, always learn from people around you because there is always something that people do far better than you do. And if you're open to that then you can learn a lot.
Always push yourself to another level. Find mentors. Listen to podcasts and read books. Take a financial mastery course to catapult you into a different level.
