Ep. 174 - The 3 Key Lessons to Fast Track Wealth
Have you ever wondered why some people achieve their dreams faster than others?
Today, Ashton reflects on his family's move to Costa Rica and the lessons learned in their journey to financial freedom. He shares three critical mistakes they made with their real estate investments and how they rectified them. Ashton emphasizes the importance of choosing the right investment vehicle, delegating tasks to experts, and utilizing other people's money (OPM) for faster growth. He advocates for high-cash flow assets like short-term vacation rentals and shares insights on tax benefits, efficient wealth-building strategies, and the pitfalls of doing everything personally.
Tune in to learn how to accelerate your path to financial independence and design the life you desire!
[00:01 - 04:39] Common Mistakes in Achieving Goals
- Why individuals may not be achieving their goals in
- Despite the success of designing their dream
- Acknowledge that the journey could have been quicker by doing three things differently
[04:40 - 08:21] Choosing the Right Asset for Cash Flow
- Goals alone do not lead to success
- How many people often choose inefficient paths and end up making fundamental mistakes
- Ashton’s real estate journey and his initial errors
[08:22 - 12:34] Building a Team and Delegating Tasks
- The common pitfalls individuals face when aiming for success
- Choosing the right path and method
- The benefits of short-term rentals over long-term rentals
[12:35 - 16:27] Leveraging Other People's Money
- Strategies for achieving financial freedom by investing in real estate
- The importance of hiring experts instead of doing tasks yourself
- The flaws of paying for properties out-of-pocket
[16:28 – 20:50] Conclusion and Final Thoughts
- The benefits of investing in property-backed assets over traditional stock markets
- The importance of selecting the right investment vehicle
- The need for education and strategy in achieving financial independence
Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Key Quotes:
"You don't have to wait for years and years and years to build your nest egg, to buy your investment property. If you work with the right people." - Ashton Levarek
"Stop trying to do everything with your own money. If you have a good deal with a good business plan.. All you have to do is invest in your education and understand how to find these people and employ this capital and then, of course, execute on this." – Ashton Levarek