Consistencies Toward Freedom Goals
What is consistency? What are the consistencies toward freedom goals? How can one be consistent?
In this episode, we’ll answer all of those questions. But first, here’s another question for you to think about that has to do with consistencies toward freedom goals.
“Would you rather have a million dollars today or a magic penny that doubles every day for 30 days?”
Sometimes a massive one time effort can get you a really big result. It turns out that by consistently doubling the penny every day for an extended period of time, such as 30 days in this example, you will get to more than $5 million. It's also true that consistency doesn't really show visible results at the beginning.
If you’re looking for investments and success stories that happen overnight in this podcast, I recommend you look elsewhere. Rather, when we look at consistencies towards freedom goals, we focus on approaches like passive investing in real estate, which have a more certain, consistent, and steadier return. At the end of the day, rent is due every month.
So how can one be consistent?
I’ve had conversations with more than 500 real estate investors; some are more consistent than others. I saw that some of them have been elevated by being consistent in their freedom journey. I’ve learned that there are four areas we need to be consistent in.
Being consistent in setting goals
Yes, S.M.A.R.T. goals (specific, measurable, achievable, relevant, and time-bound goals). I’m sure you are already aware of this, but a quick recap wouldn’t hurt.
We want to be specific in our goals so we can hold ourselves accountable to the specific result.
We want the results to be measurable so that you know where you stand in this journey.
We also want it to be achievable, so you're not delusional about what you can achieve.
We want it to be relevant so that it can be linked to your larger goals, picture, and why.
Finally, we want it to be time-bound so that it does not take forever to complete.
Now freedom is not just about money. It is also about the life you want to have.
That includes who you want to spend it with, how you want to interact with the people around you, and how you want to feel during those interactions.
You can have some part of the life you want now. You don't have to wait until you're free to make your loved ones feel appreciated or loved. It's not all about living for the future.
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