I feel that I have not only let myself down, but anyone that needs to believe that there is a way out…
…that there is hope and that you can start with nothing and become more!
And so I begin a journey that will fulfill those dreams and aspirations and hopefully give not only hope, but a way out for those who dare to chase it.
There has been a lot that has happened since I last really blogged here or started the first challenge. My grandma (& leader of our family) died, lost two houses, divorce, mom had a few surgeries… and that’s just a few things!
And all that just after losing my wife’s (at the time) dad… who was like a father to me. And then going through cancer with both my grandma & mother-in law… who is also like a mom to me.
At times it would seem like once I got up… I would fight another disaster and then I kept thinking this can’t get any worse…
…And sure enough it would. I definitely hit a low (rock bottom) in my life at that time.
But before this becomes a sounding board for a bad few years… I LOVE LIFE!!! I think that it is absolutely amazing and I love my country and my friends and my God, and my family.
I am sooooo excited about “The 22 Month Retirement” & the hope, that I believe, that it will give for the many and NOT just the few.
So, what’s new?
What is this all about?
It’s about being able (no matter where you are in your life or in the world or how old you are or what your background is) to start with nothing and using the resources available to us… to create a income that would allow you to retire in 22 months from scratch… and join, what Tim Ferris of the “4 Hour Work Week” calls, the NEW RICH!!!
This doesn’t mean that you sit on your arse all day and do nothing after you have reached your goals, but instead you chase your life’s dreams…
… And you stop worrying about money and start enjoying your freedom.
So, the idea behind The 22 Month Retirement is that you can make a particular amount of money (your number) using real estate flipping as your vehicle and then be able to live off of that invested at 12% interest…
But that was the old launch. The new launch has a nice twist. Because now there are a few new rules. Virtual real estate now comes into play.
Flipping basically means… being the middle man (person) in a transaction and collecting a check for the difference in what you get it for and what you sell it for.
The techniques we will talk about later… But the idea is to get a piece of property for cheap and sell it for more… never take “ownership” and collect a paycheck for bringing the two together.
These paydays can come in a matter of days and weeks at the latest.
And the checks (at least for real property) are a minimum of $5,000 usually. The checks online range from $150-$5,000+ depending on what type of site you are working with. But you can find these to flip daily and they are great for creating a little seed money to get you started if you need it.
This can now be done with “websites” (virtual real estate) and real property… And we will do both.
Are you ready?
It’s easy and it’s fun.
Let’s talk a bit about “Your Number”.
I just did this exercise with my cousin the other day. I asked him if you had 990 million dollars what would you do? How would you live your life? What would you own? And so on and so on.
We made out a list. Then we calculated how much that would cost per month to afford. That included everything from the cars that you would own, to the vacations that you would take, to the house that you would buy, or the chef that would cook for you a couple times per week, to the entertainment that you would enjoy.
You will be surprised that this number isn’t as big as you would think. Most people would be totally happy with $4,500-$15,000 a month. They could literally live the life of someone that had $990 million.
With that said… you can read my older post that covers this is more detail here: Setting Your 22 Month Retirement Goals ($990 Million)
The only change with that post is that my numbers are slightly different because I found my dream house for less than $180k… steal of a deal on 5 acres, pool, & horse ready. One of those “once in a lifetime” kind of deals that I used to find about once a year when I was heavy into real estate.
It’s the only house that I can remember that I actually fell in total love with… ever.
So, what about this virtual real estate stuff?
The same concepts that you use with real property can be applied to virtual real estate (websites).
Tie up a property into a contract… sell it for more, and collect the difference. But websites are a great investment too. You can buy a “performing website” (business) and collect the payments for a bit, then sell it.
We call this all kinds of transactions (options, wholesaling, flipping, retailing) there are a lot of methods… but the idea is the same.
Buy (or contract low) and sell for more… and collect the difference. That’s it!!! And that’s what I will show you here.
Also there is another HUGE UPDATE or twist to this.. this time around versus the first time, it’s the amount of money you actually have to make…
You don’t need nearly as much because you don’t have to invest it at 12%…
What if I showed you a guaranteed way to buy “Your Number” at only 10-15 times the amount it cost per month.
Let me explain…
Let’s say that your number is $7,000 a month. That’s the number (amount of money) that if you had coming in every month you could “retire” and live life like you had $990 million.
What if you could buy that $7,000 a month income stream for around $70,000 – $95,000, guaranteed?
There is a new game in town and it’s called Flippa. They are like eBay for websites and there you can find a website that is already making $7,000 a month in passive income… and buy that website for $70k-$95k. Once the files are transferred over and the domain ownership is transferred over you would start earning passive income that day.
Or you can diversify and buy a few sites that are $1,000 to $3,000 a month… as long as the combined income is $7,000 it doesn’t matter.
You can buy your income and it’s a waaay better return than 12%. This is the new way. That means that instead of having to make a few million to reach your goal invested at 12%, you need less than $100k. Now that’s amazing.
There is so much more to say, but for now I will end on that note.
UPDATE: “Plenty Of Flips” was a website that was getting underway to be a free alternative to Flippa… but in a recent turn of events, it has changed direction to focus on helping regular folks (like us) learn more about quick flipping houses on the cheap.
So, let’s get started. ACTION ACTION ACTION
Reread this post as there is a lot to take in…
Talk to you soon,