RG 005 – Building Passive Income for Financial Freedom with Gena Lofton
In case you missed it, here are some of the highlights from our conversation with Gena:
- Founder of Passive Income Advisors (PIA) http://www.passiveincomeadvisors.com/
- Author of the book: Escape the Madness – The 10 Steps to Escape the Rat Race Click here for a link to her book.
- Her company owns of 2,000 units across the U.S.
- Building one of the largest resorts in Belize in Central America.
Nuts and Bolts:
10 Steps to Escape the Rat Race!!
- Establish your ‘why’: Why are you wanting to create financial freedom?
- Determining where you are right now financially?
- Where do you want to go?
- Mapping out the current state of objectives to reach your goals
- Overcoming your fears for taking the next steps
- Investigate investment opportunities that fit your goals
- Begin to educate yourself: Develop your financial IQ
- Surround yourself with successful people
- Building out your team!
- Rinse and repeat: Always buy your assets and let those assets buy your liabilities.