Stop Chasing Capital Gains: Why Cash Flow is the Real Wealth Builder

"The point is you go to work every single day you get this paycheck every week every two weeks every month every time you get paid you're going to take a little bit of this money and buy this asset Now when you do this week after week after week month after month after month year after year after year decade after decade now you're going to be building a solid stream of cash flow"

"if you put in a decade of time where you're working to live smaller so you have more money here and then you take this money and you use it to buy these assets that are paying you with cash flow well now after a decade of sacrifice you are going to be able to reap the rewards of that which is now you're going to finally have a solid stream of cash flow"

"if you can build this type of cash flow well now you have true Financial Freedom because now you have assets that are paying for your lifestyle instead of just you working to pay for your lifestyle"

"companies that pay a dividend generally pay out this dividend quarterly meaning every 3 months so now if you buy a stock that's paying a dividend that means you're going to get a cash payment every 3 months for doing nothing except owning the stock"

"the point isn't for you to go and invest into this cash FL asset today and never do it again the point is you go to work every single day you get this paycheck every week every two weeks every month every time you get paid you're going to take a little bit of this money and buy this asset now when you do this week after week after week month after month after month year after year after year decade after decade now you're going to be building a solid stream of cash flow especially if you're taking this cash flow that you're generating and using it to buy more assets because now you're making money to buy cash flow and the money that your money makes is buying you more cash flow as well"

"and now if you do this for long enough now you're going to be able to build a solid stream now the more money you invest into this asset the more cash flow you're going to be able to generate and this is why I call it the decade of sacrifice because if you put in a decade of time where you're working to live smaller so you have more money here and then you take this money and you use it to buy these assets that are paying you with cash flow well now after a decade of sacrifice you are going to be able to reap the rewards of that which is now you're going to finally have a solid stream of cash flow"

"the alternative to investing into an individual company is to invest in something like a fund maybe a dividend paying ETF a dividend paying index fund a dividend paying mutual fund now instead of investing in one company like let's just say apple now you can invest into a basket of companies that have say 500 different companies in here and apple is just one of the companies and there's 499 other dividend paying companies in here so now we can go and find these dividend paying funds again you have ETFs mutual funds index funds"

"now the key here is this rent has to be enough to cover your property taxes Insurance your maintenance your management fees any vacancy costs and then if you have any debt cover that as well and then put some money in your pocket each and every month that's the right way to invest in real estate"

"your 20s are a time when you first start making money and it's very common and normal to be done with their money because well it's the first time you ever make money so now you want to go out and buy the nice things you want to start spending money you want to start going on vacation you want to start buying a nice apartment you want to get a nice car and you want to just start exploring and enjoying life because you're finally out of school and you're finally making some money"