My guest today is super inspiring. She not only paid off all of her student loans and is now 100% debt-free (which is something I am working towards being by the end of this summer!), but she is also an entrepreneur who is actively creating generational wealth for herself and her family.
Intention Is Good, Action Is Better
Now when I say actively, I mean she is doing it now. Many of us have intentions to get started with building wealth one day we tell ourselves “I know I need this. I’m going to get started soon”, but the reality is, all we have is today so if we haven’t started yet, what exactly are we waiting for?
Maybe it’s more money to invest? Or someone to show up and teach us how to do it? It’s important that you dig deep and understand what is preventing you from getting started because this answer will reveal your crutch. It will expose the thing you’re hiding behind because it keeps you safe.
I actually did some digging myself at the beginning of this year and found that my excuses for not planning long-term with my money was because although my family and I have more than enough to cover our needs, I was telling myself that we needed more so I could use the excess to invest and build long-term wealth. We know logically this doesn’t make sense, but sometimes that’s not enough to change our behavior and so here’s what I did to clean this up.
I started coaching myself. I asked myself questions that would help me to see my blind spots. Questions like, “How will I know when I have enough money to start investing? How are you managing what you have now? Is it possible for you to start investing $10, $30, $50, $100 a month now? How much is too much to invest? How much will you have in 5 years if you start now?” And so on.
This helped me realize that all the excuses I was giving myself were a bag of baloney and no matter how much or little I thought I had, I could still start today. So in this episode, you’ll hear about how Joshlyn not only wants to change her family tree but has already started the work by understanding the principles of money, learning how to manage and create money, and control her emotions and behavior with money so she can build consistent wealth.
When You Hit Play, You Will Hear
- How Joshlyn created multiple streams of income
- How to generate and keep wealth even if you don’t come from wealth
- Why failure is your biggest blessing
- And how you can use real estate to create a consistent income
Creating Wealth Is Not Rocket Science
All we need is a little bit of discipline, long-term vision, and consistency. Simple right? But far from easy. Here’s the thing. If it were easy, everyone would do it, but you’re not everyone. You don’t have to do what most do. 91% of people fail to achieve their goals within the first 30 days. They have good intentions but no follow-through. They have great knowledge and information to help them achieve the results but no character to sustain them.
This wealth-building journey is definitely not for the faint of heart. If you would like some hand-holding through your process, you can learn with Joshlyn here:
Follow her on the gram!
Homebuyer Checklist: https://www.realestatepreppod.com/homebuyers-checklist
Homebuyer Goals Challenge: https://www.realestatepreppod.com/homebuyer-goals-challenge
Introduction to REITs: https://www.realestatepreppod.com/reits
Homebuyer Prep School: https://www.realestatepreppod.com/homebuyer-prep-school
Until next time, trailblazer! I love you and I mean it! Xo.