Episode Details

#223: You must build streams of income, not pools of income. Learn why.

Then we recap what really happened in 2018, and predict how that affects you in the next couple years.

Real estate up 5.5%, Dow and S&P down 6%, NASDAQ down 4% year-over-year.

Learn how stock and bond movements affect mortgage rates.

Next week, business mogul Jim Rogers joins us.

Finally, will you "Live Before You Die"? (Lyrics to this segment below.)

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Listen to this week's show and learn:

02:40 Income Streams vs. Pools: The context of asset capital values.

07:21 Running the annual numbers - real estate, stocks, CPI, gold, oil, etc.

09:48 President Trump's barbs.

14:23 Stocks and bonds affect on mortgage interest rates.

16:30 Predictions from Realtor.com's Chief Economist.

20:51 Jim Rogers joins us next week.

23:32 "Live Before You Die" Audio Program.

29:22 "Live Before You Die" thoughts.

Resources mentioned:

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

"Live Before You Die" lyrics:

If you work for a salary or a wage, then money is an important factor in your life.

So there you are, making between $60,000 and $150,000 per year.

You've got a good home, steady employment, you drive a decent car. Sometimes you even feel "comfortable."

This one precious life of yours is made up of time. Are you trading away that time for dollars at a job that you aren't passionate about?

Every morning, you might even separate yourself from those you love… in order to do this.

With real estate investing, you don't want properties so much as you want its passive income - income that you don't have to work for.

Now your eternal time vs. money dilemma is solved.

If you don't know why you urgently need financial freedom, do it so that you can "Be Yourself".

See… you wake up to a blaring alarm to get to your job - and that's how your day starts. Then you're programmed to tote company lines all week.

Near the end of the work day, you're playing another tireless charade - screwing around on the internet while you're watching the clock like it's a countdown timer so you can get out of there. that's unethical.

You aren't being yourself… because you wouldn't naturally do those things.

Most employees aren't driven by purpose, they're driven by fear.

Your growth can only begin when you peel back each layer of your vulnerability onion and get honest with yourself.

The roots of change are nourished with genuineness.

You'd rather quit your job and be a nature photographer or a Red Cross volunteer or a sports writer or travel.

Even if your job is OK, wouldn't life