The number one question that Brad, Ryan, and Jimmy get asked is the topic of this week’s episode. We’re discussing cash flow. Essentially, how can we become financially free? When coming up with a financial plan, there are a number of things that have to be evaluated. Oftentimes there are a series of misconceptions revolving around financial independence and to get on the right track those misunderstandings have to be cleared up.

There is one important question that we address and help people to reframe. We ask them what they are trying to accomplish. Usually people mention wanting to increase their rate of return. This isn’t an inherently wrong approach but we do believe that it isn’t the most effective strategy. 

We find that the biggest challenge most people face in their financial plan is that they have no way to determine if they’re winning or losing. They don’t have a target for what they are trying to achieve. This is because the traditional way of keeping score is based on an almost arbitrary value. It is based on net worth which doesn’t give us any insight as to where we stand. 

So, what is the goal of all long term savings? How do you keep score and know if you are winning inside of your financial strategy? We will cut right to the chase and outline the most important thing to be measuring and tracking in your financial game plan. 

Key Takeaways:

• What we help people to reframe (1:45)
• Trouble we face with our financial plans (2:22)
• What is net worth? (3:15)
• Fallacy of net worth (8:45)
• Biggest challenge with most financial planning (10:23)
• What happens when you start to have an idea of what your assets produce(16:11)
• The only thing stopping you from where you are and where you want to be (20:24)
• Main conflict when you change your mindset from cash flow to net worth (22:05)
• What we focus on at Cashflow Tactics (23:40)

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Additional Resources:

• Join Our Cashflow Tactics Group
• Take Our FREE 5-day Cashflow Tactics Challenge

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About Jimmy Vreeland

Jimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. 
Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.

Get in touch with Jimmy and his team at www.vreeland-capital.com

More about Jimmy

Website: www.jimmyvreeland.com

Linkedin: www.linkedin.com/in/jimmy-vreeland

Instagram: www.instagram.com/jimmyvreeland

Facebook: www.facebook.com/JimmyVreeland

Youtube: www.youtube.com/@JimmyVreelandC

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