Warren Buffett’s Most Desired Asset
Warren Buffett is a wealthy man. Nicknamed the Oracle of Omaha, he is the greatest investor of all time. Warren has so many assets it’s sickening. Yet the one asset he cherishes the most is his time. In a conversation with Bill Gates, another insanely wealthy man, Warren says to Gates that time is “the only thing you can’t buy. I mean, I can buy anything I want, basically, but I can’t buy time.” (You can read the entire article here).
He is right here. You can’t buy more time. But one thing you can do is maximize it.
We believe that the main way you can maximize your time is by limiting your dependence on your employment income. Right now, if you are working for someone else, you don’t have any control on your work schedule. Thus, your time is not in your control.
We have set out on this Quest for Cashflow with one goal in mind: Become a Cashflownaire. Being a Cashflownaire means that you have the cashflow of millionaire. It’s not an easy task, but after a little over 5 years of working on this, we realized that it is very doable.
Our 2 best cashflow investments have been our build-to-rents and mobile home investments. If you are interested in learning what a build-to-rent strategy is, we did a webinar a while back on it. Feel free to watch the webinar by clicking here. The password to access the webinar is: equity
If real estate investing interests you, or you currently invest in real estate, this is something you should definitely consider. It takes a ton of work, and you would be trading time today for time tomorrow, but we believe, long-term, the work pays off.
Focus on cashflow and the freedom will follow. Soon enough, if you take the proper steps, you could be sitting in the glorious position of FU.
Vince & Mike
P.S. Your time is valuable. Make the most of it. Sacrifice some now to get a ton back later.
P.P.S. Don’t trade your time for money (ie. your salary). Trade your time now for things that compound in the future (ie. assets that keep paying you in cashflow).