123: How the Financial Plateau is Killing Your Financial Security
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Does the heaviness ever feel like it might be too much? Maybe even suffocating? 🤔🤔
For a lot of us, even for high-level entrepreneurs, financial insecurity is still a huge source of stress and anxiety. We might wake up each day worrying about how we’re going to sustain this current lifestyle, and it can be absolutely exhausting. It’s no wonder so many of us feel like we’re constantly struggling just to keep our heads above water.
No matter what economic class you currently belong to, financial insecurity is nothing new.
In fact, it’s something that a lot of people have been dealing with for generations. But in recent years, it seems like the problem has only gotten worse.
More and more people are finding themselves in difficult financial situations, and it’s taking a toll on their mental and physical health. 😨😨
Financial health is such a serious thing that experts are taking notice.
A recent article from Forbes talks about the correlation between mental health and financial health.
It’s a major concern for a lot of us, especially women according to this study, and crazy things we’ve had to deal with in recent years like the pandemic and an ever-changing economy certainly haven’t helped.
So know that if you’re feeling stressed out about your finances, you’re certainly not alone, and it’s not your fault. But there are ways to fix things quickly and get your financial life back on track. With a little bit of effort, you can start to feel more confident and secure in your financial future.
“Ever wondered why so many [people] work so hard and honestly without ever achieving anything in particular, and others don’t seem to work hard and yet seem to get everything? They seem to have the Magic Touch.” – Earl Nightingale
You’ve heard people talk about hustle culture.
We’ve all been there – work harder, grind more, and put in long hours in the hopes of achieving more success.
But what if we told you that the key 🗝️ to success isn’t about working harder, but it’s about disconnecting income generation from your time?
👉 The better you are at this, the higher your income potential will be.
Wealthy people have figured out how to disconnect income generation from their time. The trick is that they’ve learned how to leverage their skills and resources to create multiple streams of income so that they’re not relying solely on the time they put in to make a living. 😉😉
Those who fail to figure this out will be stuck at the financial success plateau, not understanding that the difference between where they are currently and where they want to be is just a few degrees apart.
Story of the Fly
This really reminds us of the story of the fly. 🪰
Once upon a time, there was a fly that lived in a home.
The fly was determined to escape, so it flew towards the window 🪟, but it kept crashing into the window pane. Despite its repeated attempts, the fly was unable to escape.
It never occurred to the fly that if it flew just a few inches to the side, it would have been able to fly out the window and escape the home.
The moral of the story is that the fly kept doing what it had always done, but never tried something different.
It never realized that by trying a new approach, it could have achieved success.
Pretty sure that’s the definition of insanity 😵💫😵💫 – doing the same thing and expecting different results.
Sometimes, in order to achieve something different, you need to believe there’s a different way and a better way. Yes, sometimes that can feel a little daunting. 🙌
🏢 Apartment Investing is the Jam (Our Jam!)
For us, the Kitti Sisters, we fell into that same trap until we discovered, in our opinion, the most effective way to do this, which is to create a passive income stream.
Of course, if you’ve been following us for some time, you already know that our favorite way of doing this is via apartment syndication.
The reason why we feel that apartment syndication is an ideal vehicle to disconnect income generation from time is that it is a form of passive income. 😎😎
With apartment investing, a passive investor can join forces with apartment syndicators to purchase multi-million dollars apartment complexes and create passive income through collecting rent, increasing other incomes such as charging for covered parking, valet trash, amazon lockers, etc. from tenants on a regular basis, regardless of how much time the investor spends managing the property.
In this case zero hours! 🤟❤️
Here’s our mic 🎤 drop moment of the week: the income generated is not directly tied to the amount of time the passive investor spends working.
That’s pretty awesome, right?
Apartment buildings have multiple rental units, which means that the income generated can be more stable and consistent than it would be with a single-family rental property.
As if that wasn’t reason enough, professional property management companies can be hired to take care of the day-to-day operations, allowing the investor to have even more time to disconnect from the property.
Overall, apartment investing provides investors with a reliable and passive source of income, which allows them to disconnect their income generation from the time they spend working. ✨
Remember that heavy weight that we mentioned earlier?
Freeing yourself from the bounds of a salary and instead relying on passive streams of income can really take a weight off your shoulders. We aren’t telling you to go out and quit your 9-5 today. 😵😵
But being able to remove time as a variable from your income means that, no matter how much you make from month to month, it is steady, and we love that.
Once this is accomplished, it is almost like life settles into a rhythm that flows with no pressure or stress.
This sense of ease and calmness can be incredibly liberating on all levels and it can even help revitalize relationships, inspire healthier habits and increase productivity. 🤓🤓
If you haven’t already removed time from your income equation, now’s the time! As always, please consult your friendly financial professional – we know that every situation is unique.
The great news is that once you’ve made the decision to disconnect your income from your time, the next thing you’ll need to do is decide how far beyond the financial success plateau you’d like your life to be. The sky is truly the limit…
For more on passive income generation, check out our blog, follow us on social, and head on over to our YouTube channel – the Kitti Sisters TV 📺.
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