A lot of you might be wondering why I chose blogging and real estate investment as my two options for financial freedom. Well, these two ideas came after years of searching for the “perfect job”.
I came to the conclusion that I want something where I have the freedom to work from where I want and when I want at the pace that I want to. I truly wanted to be my own boss from home.
The only thing I could think of at first was to win the Lottery or have a lot of property which provides me with an income. Obviously, the first choice was out because the chances of me winning the Lottery are basically zero. So I starting reading up on property investment and got started. What I didn’t realize is that I will need quite a bit of money in order to invest in real estate. That is where my blog and invest concept started.
Blog and Invest concept explained
Before I start explaining the concept, I know when investing in real estate there is something you can use called, OPM (other people’s money), but for now let’s forget about this.
In order to get a constant stream of income from property, which can replace your current salary, you will need quite a few properties (depending on rent you can acquire). This can take a couple of years and for that reason, property investment is seen as a long-term investment.
What you want to do is, get your property paid off as soon as possible. This way, you will be able to enjoy the rent without a bond which you will have to pay. Just remember that in most countries you are going to pay tax on the rent that you receive.
What you will normally do to get your bond paid off quicker is, invest all your extra money at the end of a month. This is not possible for everyone and even if you have money left at the end of the month, it will still take years before you can pay off that bond.
It was at this time that I came across an article about blogging. At first, I thought this is a lame thing that people do to keep an online journal, but oh boy was I wrong. As I kept reading articles about blogs and what it entail, I started falling in love with the Idea.
Not only does it give you the freedom to work from anywhere in the world, but you can reach the point where you can replace your salary in just a few months. Yes, I immediately thought about the fact that I can use this extra money to invest into my properties. This way I could pay them off and enjoy my rental income, while still making money with my blog.
While doing my research about blogging I came across a lot of people who actually makes a very good living by writing blogs. One of these guys is Alex Sol who had the same idea of being able to quit his day job and be his own boss. What really caught my attention about Alex is the fact that he is a normal person just like me and you and not trying to pretend that his someone that he is not. He shares his insights and tips and also does interviews with some of the most amazing entrepreneurs who has really made it big.
What is the downside to this concept?
Well, like everything else in this life, you will still need to work hard. I’m sorry if you thought that this is a get-rich-quick scheme, but it’s not. You are going to have to put in the hours (quite a lot of them in the beginning) and still do the necessary market research in both blogging and real estate. You will also need to constantly update your blog with new posts, but the positive side of it all is that you decide when, where and how long.
Always remember one thing, what you put in is what you get out.
This blog and invest concept is perfect for people that feels the same as I do. People who are sick of working for the man every day and making him rich. This concept will help you achieve the financial freedom that you’ve been looking for.
For those of you who feels like sharing this post, please do not hesitate to spread the word!