To win the game of money you need a clear target. If you're not keeping score it's impossible to win. Today, we are going to teach you how to define and set your financial freedom target. This is such an important topic because it sets the stage for your gameplan.
Ryan, Brad, and Jimmy were inspired to come up with what they call the “strike number” partly due to a book they read entitled, Atlas Shrugged by Ayn Rand . The concept they came up with is based on the idea of what would happen if producers who are giving value to the economy suddenly stopped production and switched gears.
In Cashflow Tactics we regularly say that the path to financial freedom is cash flow that is greater than expenses. This ideology is in direct opposition from the majority of the financial world. Most discussions determine success based on net worth, but we take a more active approach.
To develop your strike number, you have to determine what it would take to go on strike. What does this mean, exactly? It means understanding what financial freedom means to you from a numerical standpoint. It is the calculation of what you need in spendable money in order to survive. We’re not basing our numbers off of gross income.
Your strike number is meant to help make you start asking questions. It is meant to give you a target that is closer than what you thought. It is how we separate a game plan into manageable and actionable pieces.
Key Takeaways:
- Inspiration for this episode (2:23)
- How we came up with the strike number (5:27)
- What the strike number is meant to do (9:44)
- What exactly is a strike number (14:51)
- Question each listener needs to ask themselves (20:59)
- No BS guide to your target (23:00)
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Additional Resources:
- Join our Cashflow Tactics Group
- Take our FREE 5-day Cashflow Tactics Challenge
- Sign up for our Freedom Fast Track training course
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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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