EP 121 How To Get Started: Passive Income Investing
This podcast gets into passive real estate investing with guest Paul Dircks, CFA. Paul is an experienced passive Income Investor, registered representative and he’s on a mission to help 1000s of people maximize their investment dollars. His goal is to help people use alternative investments to achieve financial freedom. We talked about the importance of diversifying investment portfolios and the accessibility of real estate investments to individuals. The conversation highlighted the benefits of passive income investing and the potential for financial growth outside of traditional stock market investments. The discussion provided valuable insights into real estate investing and encouraged listeners to explore various investment options. The episode emphasized the importance of learning, networking, and taking proactive steps towards financial independence.The focus is on passive real estate investing and exploring alternative investment opportunities as well as the accessibility issues in traditional real estate investments which highlight the potential in passive income investing.What are some examples of asset classes in passive real estate investing?Examples include apartment buildings, self-storage facilities, industrial real estate, and other commercial real estate assets. Financial planners often lack experience, interest, or resources to research and recommend due diligence on these investments.What advice is given for individuals interested in real estate investing?Networking, seeking advice from accountants with real estate experience, and exploring diverse investment options are recommended for those interested in real estate investing.00:01 - Introduction to passive real estate 07:29 - Transition to real estate investing 19:23 - Exploring the variety of passive real estate investments 31:57 - Networking for real estate investing 46:02 - Empowering future financial freedom Show Notes- Paul Dircks CFA shares their journey from active real estate investing to passive income investing.- Emphasis on the importance of understanding different investment opportunities available to investors.- Discussion on the shift in mindset from traditional paper assets to passive real estate investments.- Highlighting the benefits of passive income investing for financial goals and wealth growth.- Passive real estate investing offers an alternative path to grow wealth beyond traditional investments.- Syndications and funds provide opportunities for passive real estate investments as a limited partner.- Networking and seeking advice from professionals like accountants can help in understanding real estate investments.- Importance of educating oneself and exploring diverse investment options in the real estate market.For much more on ALL things money mindset, money management, how to earn a great living and take control of your finances… Subscribe to my weekly podcast, Money and You:https://podcasts.apple.com/us/podcast/money-you-with-michelle-perkins/id1365907575?ign-itscg=30200&ign-itsct=podcast_boxAnd don’t forget to join the Limit Free Life email community for valuable, usable content and to learn about upcoming events: Let’s Connect… https://limitfreelife.com/newsletter/I’m excited to offer you a proven way to develop a next level relationship with money that will empower your mindset and financial mastery by “dating your money.” Until you understand how YOU relate to money and what you believe about money, nothing will change. Once you begin to get to know yourself with money, learn the fundamentals of money management, and operate in a new way with money, everything will open up. Join my...