January 18th is officially Martin Luther King Jr day this year. A federally recognized holiday in which we can all remember, reflect and appreciate what he did. What a great man he was. An amazing man really. He brought healing to a painful world and more importantly, hope! His leadership, bravery, voice and dreams helped bring together a nation to a more democratic and free state. Of course we do not live in a perfect world today but I do feel we are much better off because of him and am truly thankful for that.
His dedication, perseverance and values are what set him apart and his dedication to his cause is what let him to succeed. We should all learn from him and use the same traits to achieve our own dreams. So Thank you Dr King for all that you have done and thank you for inspiring others as well as myself to not give up and pursue your dreams.
Although my dreams are not ones that will change the world, they are ones that will change my world. Having the same drive and passion that MLK had will allow me to one day live my dream. You see my dream is to be financially free one day. To not have to worry about money and having the means to take care of my family. I wrote an article a few weeks ago about why I think passive income is the secret to happiness and this goes right along with pursuing my dream. I don’t know of any other way I can achieve this dream without passive income.
How will I achieve this dream?
I plan on achieving my dream to be financially free by using the same drive that Dr King had. I am on a mission to build a real estate empire and I will not stop until I have what I want. I only started my aggressive plan a few years ago but so far I feel that I am accomplishing my goal. In 2015 alone I purchased 3 rental properties and have increased my passive income streams to over $2,000 per month.
Buy more rental properties:
I plan on purchasing at least 2 more rental properties this year but hopefully I can purchase more. My growth will not be as great this year because of new financial obligations I must do this year. Most of them have to do with the fact that I will be getting married this year which I am very excited about by the way. I love my fiance to death and want nothing more but to spend the rest of my life with her. You can read about how I proposed here if you are into love stories. 😉 If I can somehow manage to buy more than 2 rentals this year then I would be very happy.
Grow Cash Flow Diaries
Having created my blog has helped me reach new heights in terms of knowing what I want in life and how to get it. The motivation to keep writing articles like this and showing to you how I am building my dream is only driving me to be more successful. As you have seen in my blog income reports, the blog is bringing in a little bit of money but If I could figure out a way for it to bring more money, then it will only speed up reaching my dream.
Invest in the stock market
If you have read my net worth updates, then you know that other than some stock options that were granted to me by my day job, I have very little in the stock market trading world. I realize that being diversified in my investing is a smart thing to do and I am dedicated this year to putting some more money down in wall street. I am now finishing up my 2nd book on learning all about how to trade and what the stock market is all about. I have one more book to read and then I will feel comfortable to know how I am going to invest. Stay tuned for further updates on this but what I can tell you now is that it doesn’t look like it will be your traditional conservative nature of investing.
Combine income with my future wife
I will be married later this year which means that my plan now consists of being financially free for myself as well as my future wife. Thankfully, I was able to help her get out of debt last year so she has a clean financial slate now. By combining our incomes and being strategic about investing, I believe we may be able to achieve pretty good growth together. I have not yet decided or incorporated her income streams into mine but this is something I plan on doing later this year.
All 4 of these 2016 goals will help me reach my dream. They won’t be easy to achieve and it won’t be quick but I’m taking a lesson from the great Martin Luther and am not giving up until I achieve my goals.
What is your dream? How do you plan to achieve it?