Financial freedom is something talked about often, but do you know what it looks like actually to be "financially free?"

Most people who make high incomes in their careers aren't financially free. They're not because, most times, high-income earners invest in the same investments as everyone else, providing the same returns. It's a reasonably good strategy, but you won't become financially free anytime soon utilizing that strategy.

I read "Blue Ocean Strategy" by W. Chan Kim & Renée Mauborgne a few years ago. It talks about finding unconventional ways of doing business that maximizes your profits and leads to you outperforming your "competition. You want to do the same when it comes to creating your financial freedom so that you can comfortably retire and/or not live in fear of "what will you do if you lost your job?"

Alternative Investments such as Real Estate is that "Blue Ocean Strategy" that will help you reach your financial freedom goals in my opinion.

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What is Financial Freedom?

For some financial freedom is being able to go on 2-3 vacations a year and others it's as simple as just spending more time with their family. What financial freedom is though is the accumulation of enough wealth or income to cover your living expenses for the rest of your life without needing the assistance of family, friends or the government.

The most efficient way to obtain this is through Passive Income from investing in Real Estate.

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The first way is the way most people do it which is highly competitive, time-consuming, and can cause you to lose motivation in your quest to build financial freedom. That way is purchasing single-family rentals one by one until you replace your active income from your job with your passive income.

The second way is the way not many people take it because they don't know about it. That way is being a passive investor in real estate deals. An example of this would be investing 50,000-100,000 into an apartment deal and receiving monthly or quarterly cash flow, being a part of cash events such as when the property is refinanced and then getting paid a lump sum of cash when the property is sold 3-5 years later.

Option two is the better way in my opinion because it allows a person that is a high earner in their career or business to focus on what they're good at while also building passive income.

Conclusion

Financial freedom is very accessible for the person in a high-earning career or business. It's up to you to make sure you choose the right path to building that financial freedom. Investing in a Fund or syndication that acquires apartment buildings and provides its investors with passive income is a great option.

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