4. 80-Hour Workweeks to Ultimate Passive Income and Time Freedom
After another 80-hour workweek and realizing his kids’ lives were passing him by, Spencer Hilligoss knew he needed to start making passive income. The problem? His time was chained to his tech job’s high pay and long hours. Spencer loved what he did, but the job took away more than he was comfortable with. He hadn’t seen his young son in weeks, and it was eating away at him. He made a plan that wouldn’t be easy to accomplish: build an $8,000/month passive income stream. He gave himself over a decade to achieve it. Thankfully, it took less than half the time.
Now, Spencer is a full-time passive investor and real estate syndicator, helping others who want to regain their time freedom invest so their money can go further. In today’s episode, Spencer shares his story of leaving a thirteen-year career to venture out into the unknown, regaining his time and investing in truly passive income, and why you DON’T actually want to retire (you really want something else).
And if you’re interested in passive investing, stick around. Spencer and AJ talk through the CRUCIAL questions you MUST ask before investing in a real estate syndication and how to tell who you’re investing with will pull through on the returns they’re promising you.
Insights from today’s episode:
- How to make enough passive income that you can replace your salary and live the way you want
- Crucial questions to ask any syndicator BEFORE you invest a cent into their deals
- Why financial literacy is essential to building wealth, and why even most adults don’t have this
- The retirement lie you’re telling yourself and why you don’t really want to vacation forever
- How to start building your financial moat even if you’re a busy professional
- Defining your why and how to know whether greed or purpose is driving you
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