The Hamster Wheel of Low Paying Jobs
This is my story as a commercial real estate professional. From 1980 to 2003, regardless of who I was working for, I wasn’t making enough money to survive financially. At times I had to borrow from my parents to make ends meet, I took out a home loan to tap the equity in my house and I even, at one point, took a job as a night janitor.
I was living paycheck to paycheck. I had no savings and certainly had no money saved for retirement. Financial distress isn’t really an accurate description of what I was going through. It was much worse than that. I was on this never ending hamster wheel of low paying jobs.
Something had to change.
The First Leap to Financial Freedom: Starting my own business
In August of 2003, I made the great leap into the unknown when I went into business for myself. It turned out that starting Marshall Commercial Funding was the single best career decision I have ever made.
Financially, things changed quickly and dramatically.
For the first time in my life I was making good money. I was able to sock away money into savings which was good because we all know what happened in 2008 – The Great Recession. I was able to weather the economic storm because I had enough money in savings to make it until the real estate market turned the corner. And when the economy improved I was able to pick up right where I left off before the recession hit.
Retiring well wasn’t going to happen
But as good as it was making significantly more income – and watching my savings account grow – I knew that there was no way that I was going to retire well. It just wasn’t going to happen.
I could do the math and I understood I was too close to retirement to make up for the hard, lean years. I realized it was highly likely that I may never be able to retire at all.
My clients were flourishing, why not me?
While Marshall Commercial Funding continued to grow, I watched my clients flourish. Their liquidity and net worth were growing rapidly. That is no exaggeration. I have a number of repeat clients and I saw how their financial strength increased dramatically from one year to the next. It was an amazing thing to watch! And I knew at that point that the only way I was going to retire well was if I started investing in commercial real estate.
The Second Leap to Financial Freedom: CRE Investing
So in 2007 I made the next biggest and most financially rewarding leap in my career. I approached one of my long-time clients to see if I could invest with him.
He had everything I was looking for in a real estate sponsor: He was competent, he was trustworthy and he had a proven track record. I asked him if he would be willing to take me on as an investor when he purchased his next rental property and he readily agreed.
Do you remember where the real estate market was in 2007? It was at the absolute peak of the last real estate market cycle. My timing couldn’t have been any worse. Nevertheless, over the last 11 years I have invested nine times with him.
Retiring In Style Is My Goal
Today, not only could I retire at this very moment, I could retire comfortably. But I don’t know about you, I don’t want to retire comfortably. I want to retire in style. I want to see and do all the things I’ve always dreamt of. As evidence of living the good life now, next year my wife and I are taking our children and grandchildren to Scotland. And as an avid golfer, the icing on the cake is that I get to fulfill a life-long dream of playing the Old Course at St. Andrews!
Currently I have seven sources of passive income generated from my real estate investments. I estimate if I wait a few more years I may have as many as two or three additional sources of passive income. And when the passive income from my rental properties coupled with my future Social Security checks consistently and significantly exceed my monthly personal expenses, then and only then, do I plan to retire.
At that point I’ll be able to retire in style. And although I haven’t quite gotten their yet, I’m ever so close to doing so.
If I can do it, so can you!
Why am I telling you about my journey from financial distress to hopefully retiring in style? Because I believe that 90% of you reading this, if not more, are in the same predicament I was in. You’re either currently in financial distress, as I was for the first 24 years of my CRE career, or you are financially prosperous but realize that unless things change dramatically you’re not going to retire well.
I’m here to emphatically tell you if I can go from serious financial distress to being on the verge of financial freedom, SO CAN YOU!
Follow the Road Map to Financial Freedom
Simply put, by investing in commercial real estate you can slowly, but steadily build real wealth and grow passive income from your rental properties. It’s not a myth. And it’s not a get rich quick scheme. It actually works. And I believe my book, Mastering the Art of Commercial Real Estate Investing, will help get you there.
So are you saying if I buy your book I’ll achieve financial freedom?
Heck no! No book can do that. But I strongly believe my book is a road map to retiring well as it is written from the perspective of my many clients and from the things I’ve learned personally throughout my many years in the industry both as a mortgage broker and as a real estate investor.
An offer you shouldn’t refuse
Are you skeptical that this book, or any book, can help you retire well? I would be too. I don’t blame you. So for all the skeptics out there I have a free offer for you to consider. Click on the link below and it will take you to the book’s landing page. Then click on the bright yellow button titled, Download Free Chapter. Doing so will get you a free copy of the Table of Contents, the Introduction and the first two chapters of the book. There is no obligation. There is no trap or gimmick that you will later regret. Just read it and if it stimulates your interest, buy the book. It’s as simple as that. Click on the link now. Go to my website: marshallcf.com/book/