Investing and Life Goals

Investing and Life Goals

I am passionate about many things. I really enjoy traveling both domestically and abroad. I was fortunate as a child to be able to travel and explore many great states within the U.S. I got to see the rich history in Philadelphia and feast on the infamous Philly Cheese Steak. I got to hike the Smoky Mountains of Tennessee, and explore the beauty found in Yellowstone and the unbelievable feat of Mount Rushmore. As an adult I have been able to travel to several countries, including Canada, Kenya, Taiwan, and Spain. Each time I travel, I get to experience new foods and new places and I get to gain a larger world view, and a deeper love for my fellow man.

I am also passionate about camping and hiking. I am ever amazed at the beautiful landscape of God’s creation from the Grand Canyon, and Zion National Park to Niagara Falls and Big Bend National Park. I love skiing and cooking and serving and giving back. I have volunteered at a local homeless shelter in Dallas, TX called OurCalling, and I also volunteer for various real estate organizations. I want to be able to spend more time following each of these passions. Which is a big reason why so I spend a lot of time learning and honing my financial and real estate acumen.

Financial books I recommend include:

• The Total Money Makeover by Dave Ramsey
• The Richest Man in Babylon by George Samuel Clason
• Think and Grow Rich by Napoleon Hill
• Rich Dad Poor Dad by Robert Kiyosaki
• Cashflow Quadrant by Robert Kiyosaki
• Your Money or Your Life by Joe Dominquez

Lifestyle books I recommend include:

• Who Not How by Dan Sullivan
• 4-Hour Workweek by Tim Ferriss

Syndication and Real Estate Books I recommend include:

• Best Ever Real Estate Syndication Book by Joe Fairless
• Raising Capital for Real Estate by Hunter Thompson
• How to Invest in Real Estate by Grant Cardone

My biggest passions in life are my love for God and my love for people. In reading these books and spending time learning about investing and real estate I am trying to take daily steps to be able to experience God’s love more and to be able to build stronger relationships with the people I am around. I don’t desire to be rich. Though the path of real estate syndication has proven to be a way to build generational wealth. More than anything I just desire to be able to serve and make the world a better place through my decisions and influence. In order to be able to utilize these skills I focused on practical steps that I could easily implement.

Prior to attending college, I ran my own lawn care company. I set a lot of savings aside and I spent much time applying to scholarships and received many, Praise God. I also received some financial support from family. I studied mechanical engineering and paid off my car and student loans becoming debt free less than a year after college. I then started Budgeting and setting aside money for my church contribution, money to donate to good causes, and investing money. I developed and grew my different buckets starting with my safety net savings, then moving to retirement accounts over various risks, including allocations for mutual funds and individual stocks. With savings in place, and low and medium risk investments in the stock market, I placed some investment in more volatile cryptocurrencies. I am personally comfortable with that risk because of my other allocations.

In November of 2021 I bought my first home. I spent roughly 6 months to understand the market and drove by over 50 homes in neighborhoods all around Dallas, TX. Thankfully, I was able to capitalize on the lower interest rate, though the overall housing market continued to be high. I toured numerous properties and made multiple offers before finding a house that fit all of my criteria. I wanted a home that was close to where I work and go to church. I wanted a home that needed some renovations, so that I could add-value, and I wanted to find a neighborhood with great appreciation potential. I utilized money from my employer managed 401k account. Because my Mom represented me as the Broker, I was able to participate in the purchase negotiation and was able to have the price reduced by over $50,000. The home price has already appreciated by over $50,000. I am blessed to have 3 really good friends as roommates. I am super grateful to be a homeowner. Having this home allows me to host people and serve them and build deeper relationships.

In 2021, I saw my investments over my various allocations (stocks/mutual funds/cryptocurrency) grow by over $40,000. Only to turn around in 2022 and lose almost the exact same amount of value. I don’t like witnessing such huge swings in value. I have taken all of my money out of stocks and mutual funds and will be placing that into real estate investments over the coming months.

I like to dream big. I want to make goals that are fun and attainable, and I want to be able to realize my dreams and make new ones over time. One of my goals is to be able to travel internationally ever year. I want to travel to all 50 states, and currently I have been to 32. Another bucket list goal is to hike a trail in each state park in Texas. I have knocked out roughly 30 of the 88 so far.

In 2022 I would like to become an accredited investor, so that I am not limited to only certain syndications and investment opportunities 506 (b) offerings. I want to be able to invest in 506 (c) offerings also. A long-term financial goal, would be to have a passive income of $10,000 per month, so that I can pay all of my bills each month and be able to contribute to the priorities I mentioned above. I want to work because I choose to and because I enjoy my job, rather than because I have no other way to survive. I believe real estate is the best option for me to achieve all of these goals. I plan on acting as a general partner on many investments, and I also would like to utilize other’s expertise to join as a limited partner in other deals.

What does your financial health and net worth look like? What are your dreams? What are things that you want to do, but haven’t? What are the obstacles in the way of your dreams becoming reality? How can I help you achieve your dream?