Should I Buy Christmas Presents or Pay Rent: Taking Action to Achieve Financial Freedom with Eric Wohlwend

"Financial freedom gives you time freedom and location freedom.” - Eric Wohlwend

Episode Summary:

In this episode, Joel introduces Eric Wohlwend, #1 Best-Selling Author, Speaker, Investor, Business Owner and father, to emphasize the significance of attaining financial freedom, highlighting its ability to provide time, location, and financial autonomy. Eric and Joel discuss the need to integrate all aspects of life instead of trying to balance them, sharing stories of individuals who have achieved success by transforming their mindsets and taking decisive action. The importance of spending quality time with family and being present in their lives. Eric also shares advice on cultivating disciplined thinking and actions to reach personal and financial goals. Tune in to hear how Eric’s 16 year old son is already on the path to financial freedom thanks to the learning he got from his dad.

About Eric:

Eric has been a full-time Real Estate Investor for over 2 decades. He has repositioned over a thousand units including single & multi-family residential properties as well as multiple types of commercial properties. He still controls hundreds of these. Eric has written multiple #1 Best-selling books including “Family Success Triangle.” Using what he teaches, both of his kids started buying real estate when they were seven years old without any money or credit from their parents. Both of his sons have purchased enough assets to be financially free before they were old enough to drive. The family continues to invest & travel North America speaking, learning and growing together. Now they focus on teaching others to integrate their business, family & investing so they have more freedom. Their goal is for everyone to have financial, time & location freedom.

In this episode:

• Financial freedom provides time, location, and financial freedom.
• It is easier to achieve financial success today than it was in the past.
• How to integrate everything in life instead of balancing.
• The possibility of moving from poor to rich.
• The importance of discipline and making conscious decisions.
• Elevating your thinking and expanding your mind through self-development.
• Passing on knowledge  to your children and family.
• Filling the gap between motivation and action.
• The importance of continuous learning.
• The risk of relying on the government and the stock market.
• Benefits of investing in real estate for a retirement income.
   

Key Takeaways:

• Transforming your mindset and taking action are crucial for achieving success.
• Prioritizing quality time with family and being actively involved in their lives is paramount.
• Take risks and learn from your mistakes.

Are you ready to take charge of your financial freedom?

Check out Joel’s new course! https://joel-farrell-be35.mykajabi.com/offers/yLCu5bFC/checkout

Connect with Eric Wohlwend:

• https://www.realpowerfamily.com/

 Connect with Joel Farrell:

• https://www.strivefor25.com/
• joel@strivefor25
• https://www.linkedin.com/in/joelfarrellvaloans/
• https://www.youtube.com/channel/UCISoNioAVR083iLErviv6pQ/featured
• https://www.instagram.com/strivefor25_/

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Skool Guide: https://www.skool.com/strive-for-25-1965/classroom

Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv