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May 27, 2024
Home » How many properties are owned to be financially free?

How many properties are owned to be financially free?

<a href='https://zakiameer.com.au/how-many-properties-are-owned-to-be-financially-free/'>How many properties are owned to be financially free?</a>

How many properties should you own to be financially free?

Well, it depends on the person. Some financial freedom might be earning $50,000, another might be earning half a million.

For somebody else, it could be $2 million. So financial freedom is dependent on the actual individual. The challenge I have with this is that most, in my experience of, say, the last 15 years being in property, is that people think that it's based on somebody else's goals and achievements and they're trying to achieve that. So I've got a lot of clients that have made millions in real estate, thankfully through DDP, in equity, et cetera. And they come to me and still after 11, 12 years, being a client saying, "Zaki, can you help me "buy my next property?" I guess the question to them is why?

Why do you need another property? I mean, it'd be great to have another client, but is that the right thing to do? Is it the most ethical thing to do? To ask the question, why do you wanna go buy another property? And this is-- the missing part, is that people haven't taken the time to understand what is it that they want, why they want it, and what financial freedom means. Once you're very clear on what it is that you want, buying property is extremely easy. When they're not clear as to why and what it is they want to become financially free, they shortcut their goal.

And they probably give up too early because they're not very clear. on why they got in the first place

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