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Cashflownaire-Cash Flow is King

April 26, 2016 By Dan Leave a Comment

Dan Terry-cash flow

I made up a new word: CASHFLOWNAIRE!

Cashflownaire: A person who has the positive cash flow of a million (or multi-million) dollar net worth.

As you probably know from previous posts, my financial strategy changed dramatically with the big 2008 market crash. My focus today is on monthly cash flow instead of wealth (net worth).

I don’t care about being a millionaire.
I do care about being a cashflownaire.

Having a million dollar net worth may, or may not, change your life. The reason why is the majority of your wealth will be locked up in your business, your home, or in other illiquid assets. It’s hard to eat your home equity unless you borrow it. It’s hard to eat the equity in your business unless you sell it. I sold my real estate company back in 2007 to unlock the equity trapped in the business. I sold the business for 7 figures and financed a significant portion of this sale providing a check for around $8,000 a month. Life was good!

Then the buyer defaulted and the checks disappeared.

My large net worth and monthly income vanished providing me with an opportunity to really think about what I wanted in life. Did I want to rebuild the business? Did I really want be a multi-millionaire? Did I want to work 7 days a week? Did I want to hire, train, and manage employees? Did I want the massive overhead and pressure of a large business?

Slowly but surely, I realized that I didn’t want to a large net worth. What I really wanted was the income from a large net worth-ie: cash flow. I wanted the $8,000 a month. This realization was life changing for me, because I no longer had to build a big business…read more

Source: Cashflownaire | Innovative Investing & Business Building Ideas

Filed Under: Real Estate News Tagged With: Cash Flow, cashflow, Millionaire, net worth, Real Estate

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ABOUT ME

I am a licensed Real Estate Broker/Advisor with 15+ years of experience in the home sales and property leasing industry. I have a proven record of lead cultivation, consultative sales, and document preparation leading to revenue growth and the highest levels of customer satisfaction.

I am currently working as the Leasing Agent and Real Estate Advisor for Renters Warehouse in Tukwila, WA. In this role, I am focused on advising and supporting 60+ residential building owners each year in leasing functions for the corporate-backed startup company. I am well versed in generating tenant leads from various sources, scheduling property visits and showings, and preparing leasing documents and contracts for signature. Read More…

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