For this challenge, I want to be able to retire in 22 months investing in real estate.

What does this mean?

The goal here is to make enough money that if invested at 12% I could live off of it for the rest of my life…

…And baby, I don’t mean just live off of it. I mean LIVE off of it.

So, I tallied up my (really my wife’s) dream style cost of living. That means that if I had won a 100 million dollars in the lotto, how would I live? What would I do? How would I eat? Would I charter a plane?

Would I buy another car? How many vacations would I go on a year, and how much would I like to spend? Would I buy another house and what would it look like, what type of gadgets would it have? Would I get a personal chef?

You see, these are the types of fun questions and more that I asked myself and my wifey. This is the fun part. Dream a little or a lot! Donald Trump once said that if you’re going to dream, you might as well dream BIG!

So, that’s what I did…

…AND this is your first Exercise… Dream… NOW, write down what that dream would look like.

You’ll actually be surprised that it doesn’t take much money to live the EXACT dream lifestyle you want. Do not hold back here. Dreaming is the point because we are going to work back from this “end” of where you want to be.

You should see my list:

• New “green” car, new jag, 2 motorcycles, 4 new ATVs and 4 jet skis, a little yacht, a couple of horses.

• 4vacations a year at $5,000 a pop ($20,000 a year which is $1,667 a month budgeted)

• New $1,600,000 home (I can get away with a little money here because I’ll know how to get that house for less.  I have eyes on a few already.  Actually, I know the exact floor plan and builder we want.)

• I want to buy my mom her first new house and first new car.

• A maid one time per week ( I am a very clean person, but there’s only so much time in the day. I’ll keep it clean, but it’ll be nice to have someone to clean up those cob webs ; )

• An RV (As you can see, me and my wife love to travel.)

• Shopping (Buying what you need and want.)

• Entertainment (Movies, concerts, weekend getaways, adventure stuff, sports, eating)

• Health (Naturopath, Checkups, Insurance, Gym memberships)

• Personal chef just once per week (I love to cook and so does my wife, but it’s nice to take one day off…lol)

• Tithes and charities

You see, the point here is to have a blast.  Do this exercise as if Money didn’t matter because in a second, I am going to show you why it doesn’t.

So, to live my dream lifestyle, it’s going to cost $21,547 a month USD.

Now, yours may not be the same.  You may have a taste for more vacations, more traveling, a bigger house, or you may just want a nice farm house overlooking the lake in the country.  It’s all good.  It’s your life.  Live it how you want.

The Real Estate Investing Dream

Okay, so what you do with those numbers is determine how much money you want a month based on your dreams and aspirations.  Then, you take that number and multiply it by 12, then divide it by .12 (or 12%).

For example: My monthly dream lifestyle amount is $21,547. I multiply that by 12 and I get $258,564.00.  Then just divide that number by .12 (which is 12%) and I get $2,154,700.00.

Sweet, now we are getting somewhere.

This amount of money will be the amount you’ll need to make in the next 22 months.  Why? Because if you invest this money at 12% interest you will have the exact amount that you’ll need to live on for the rest of your life.

You will be able to live off the interest for the rest of your life.  Thus, being able to retire and do what you really love to do.

That means that over the next 22 months, 96 weeks, I need to sell one house per week.

If I sell one house per week average, I would sell 96 homes over this period. To reach my goal, I will need to average $22,444.79 per house.  Do you see how breaking down the numbers makes this goal so reachable.

One of the major ways I will be able to accomplish this is by using our multiple streams of real estate investing strategies, like buying and selling the leads that we acquire when looking for a home to buy and that we acquire when selling a home.  These leads can be sold to many different industries including moving companies and mortgage brokers.

Here’s an example: Let’s say that it takes 60 leads before I buy one house.  That means that there are 59 homes that wanted to sell, but for some reason we didn’t deal with them. That is 59 leads that we can sell.  If we sell those leads to a couple of different industries and average $100 a lead, that would be $5,900 off just selling leads on the front-end of buying a house…

…Not including that we could generate another 100 leads on the back-end from people calling looking to buy our homes for sale.  If we average $100 per lead there too, that would be $10,000 and we haven’t even sold a house yet.

In the movie the Great Debaters, Forrest Whitaker has this saying that “we do what we have to, so that we can do what we want to”.

This is exactly the case here.  If you suck it up and get over your FEARs (False Evidence Appearing Real), then you can create the lifestyle that you have always dreamed of.  It just takes a good plan and then, ACTION ACTION ACTION.

You have to do something, and I hope that this blog and our communication helps you to do just that.

To Your Immediate and Lasting Real Estate Investing Success,

Kenney

P.S. Now, post this right above your work space so every time you think about quitting, every time you think that you want to watch TV instead of getting the rest of your most important work done, you’ll have a reminder that says, “If I just work the next 22 months…if I just finish the test, I will be able to live my dream life.”

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“Because I Have A Dream”

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