The Ideal Lifestyle – Are You Living Yours?

November 9, 2012 — Leave a comment

If you could be, do and have anything what would your life look like? If you could live the life of your dreams on a daily basis, would you? How good are you willing to have it?

I believe the greatest gift we have in the world is freedom. And that is why I chose to be an investor and entrepreneur. When I was introduced to real estate investing & entrepreneurship I saw a clear path of how I could be 100% responsible for my life and create the life of my dreams.

freedom

Initially I saw how I could make a lot of money doing it. After having early success and selling my first two businesses in college, I realized two things. I was working really hard, making money and the only way that money would keep coming in, was if I continued to work. If I stopped working, the money would stop shortly thereafter.

Secondly, I realized there was more to life than making money. I remember at the age of 22, when I sold my first company, holding the check in my hand and having this empty feeling in my stomach and thought to myself, “Is this all there is?” Don’t get me wrong, I like making money, but after making money I realized that making money by itself wasn’t enough for me. I also realized that there are millions of ways to make money. So if there are so many ways to make money why don’t I choose a way to make money that allows me to have it all… that allows me to make passive income, create wealth, spend my time as I wish and make a difference. I call this living your Ideal Lifestyle.

The following illustrates the process for living your ideal lifestyle. And like anything else in life, regardless of what you are building, the structure is only going to be as strong as its foundation.

foundation

The Foundation

CharacterDictionary.com defines character as the qualities of honesty, courage, or the like; integrity. Perhaps the importance of character is best illustrated, where it is missing. Lack of character has lead to both political and financial corruption and has lead to public distrust of some of our largest businesses and highest offices in government. As a result, perhaps more than any other time in our history, character is more important than ever. In my experience, I have found character to be the most important thing in choosing the people that I work with. Furthermore, I’ve found that character is not stated or spoken.

Character is illustrated by actions. I’ve found that the greatest opportunity to display your character is when your back is against the wall, when things aren’t going the way you would want them to, when you are facing what seems like insurmountable obstacles. Do you give in to the pressure and create a quick fix solution that compromises your character or do you honor your character, make some tough decisions and create a long term sustainable solution?

Mindset – One of the greatest books ever written about a successful mindset is the classic Think and Grow Rich by Napoleon Hill. In his book, Hill studies 100 millionaires in the early 1900’s including Rockefeller, Carnegie and many more and shares the principles and thinking these men lived by. Almost 100 years later, these principles remain true and remind us that at the core of our success lies a successful and empowering mindset. Having a winning and successful mindset is required to live your ideal lifestyle. Your own personal growth is critical to developing a successful mindset. Living your ideal lifestyle is a journey and therefore Constant and Never ending Improvement (CANI) is a must. In fact, I would argue that your business can only be successful to the extent you are able to grow and develop personally.

Financial Literacy – The first two foundational pillars have to do with what’s going on with you internally. This final pillar gives you the opportunity to create a strong financial foundation, to build a financial empire as big or as small as you would like. Having a solid understanding of financial literacy will empower you in making important financial decisions. While I could talk for days on this topic, there are 4 Financial Literacy lessons that are critical for building a solid foundation.

  • Assets vs. Liabilities
  • Good Debt vs. Bad Debt
  • 3 Types of Income
  • Pay yourself first (planning for a surplus)

The stronger you build your foundation the more likely and quicker success you will have with your business and investments. When I started out I didn’t have much of a foundation. Some people’s personalities have them prefer to build a strong foundation before they move on to creating a business and/or investing in real estate. Others, like myself, don’t like waiting. When we first started we preferred to build our business and invest in real estate while at the same time work on creating a stronger foundation. There is no right or wrong way on how you choose to do it, but the important part is to be true to yourself and be aware of the consequences of your actions so you are prepared to deal with whatever may arise.

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Bridge The Gap

Most of us have a gap between the life we are living now and what our ideal lifestyle looks like. You may currently be living an amazing life that you are both happy and grateful for but when you are honest with yourself it isn’t quite your ideal lifestyle. Or you may be flat out frustrated with your current life and are crystal clear you are not living your ideal lifestyle. Or perhaps you had been living your ideal lifestyle but got comfortable and have fallen back into mediocrity and are looking to get back on track and live your ideal lifestyle.

The good news is that you are in the right place because Real Estate and Business are the vehicles that allow you to bridge the gap between your current lifestyle and your ideal lifestyle.

  • Business and Real Estate allow you to make more money passively and pay less in taxes.
  • Business and Real Estate allow you to create unlimited wealth and income.
  • Business and Real Estate allow you to spend your time the way you want, with the people you love most.
  • Business and Real Estate allow you to feel fulfilled and make a difference on a much larger scale than you possibly could as an individual.
  • Business and Real Estate allow you to live your ideal lifestyle.

The question you want to ask yourself is where are you at in your journey. As I’ve written before, I believe that there is no greater gift than freedom. I’m so grateful that I have the opportunity to create and live my ideal lifestyle and would love to be apart of your journey. Please leave a comment below and let me know what your ideal lifestyle looks like.

dougfath

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