I have helped 1000s of people over the years become financially free through property investment, but can I do it for a whole group all at once? In a recent video for my YouTube channel, I do a social experiment where I conduct a group Financial Freedom Challenge. In this challenge I train, mentor, and work with these students to get results within just 1 month.
Watch the full video (above) to follow the journey of a few students as they learn, develop and hone their deal selling skills by navigating proven strategies and under my guidance see how they take their first steps on the road to financial freedom. In the video, students share their goals and aspirations and begin packaging and selling BRR, Rent-to-Rent and HMO deals to investors. Watching the video, you will find out: who makes it; who’s deals sell; and exactly who the one person is that is responsible for your success!
In this article, I will set out the basic structure of becoming financially free or going full-time in property.
1. Set a goal
Before you get started, you need a goal. You need a reason why you are doing this. It might be that you hate your job, or maybe you want to spend more time with your family. These are good reasons, but you should be as specific as possible. Maybe working your current job has meant missing important milestones in your children's lives? Maybe there is a cause that means a lot to you that you would like to be able to help financially? Maybe you would like to pay for your children to go to a particular school to give them the best start in life?
Having a very specific and meaningful goal is important because the road to success isn’t going to be easy. If you don’t have a good enough ‘why’, you will end up giving up. If you have a reason that is important enough to you, you will push through the challenges.
2. Business plan
Next, you need a plan. A business plan in this context is simply a way for you to get to your goal. In most instances, this is not something you are going to need to show to investors, so it doesn’t need to be super formal. This document is simply a road map for you to follow and start taking massive action with.
If you want to quit your job, for example, you may need to sell 2–3 deals a month as a deal sourcer. You need to understand where you will be finding deals, how you will be finding investors, etc. You need to create your own game plan so that you have something to follow and something to measure success or failure against.
3. Take action
Many people that start a business fall into the trap of spending a lot of time on creating fancy websites, printing business cards and spending lots of time on a logo. In reality, the first thing you need to do is bring in cashflow. If you are planning to be a deal sourcer, find a deal and sell it to an investor. Spend as little time as possible on the set-up. You can always come back and change your logo once you have a few clients, if it is really that important to you!
If you would like some help to become financially free, take action and come to my next training event! Tickets are only a pound, and you can get yours here!