How to Build Cash Flow, Reduce Risk & Create Financial Freedom | Fernando Angelucci

Right.

You know, so I, cause I, I just syndrome.

I'm like, all right, nope.

Get good at practical wealth.

And then, you know, when I'm ready, all right, I know I got some capital.

Let's, let's do this thing.

Right.

Right.

So let me ask you two final question.

Uh, cause you've been earning, uh, great commissions to owning assets and building a significant real estate or self-storage operation.

Has your, or how has your definition of financial freedom changed? What does wealth mean to you today?

Yeah, and that's just kind of what we've talked about.

You know, when I was first flipping time for money, that may have been, you know, flicks and flips, real estate commissions, wholesaling.

I thought wealth was having a big number in the bank account.

Turns out that's not the case.

Real wealth is, and I'm going to give you kind of even a high level, real wealth is being able to do what I want, when I want, with whomever I want.

That's real wealth.

But to get to that point, you need to be able to have passive income coming in To support that, you know, if I want to spend six months in a different country and not work, obviously I'm going to need something to finance that lifestyle.

Right.

I don't want to be eating into a bank account and just seeing it go down every month.

I'd rather have that bank account either stay even or even go up while I'm doing this while I'm not working.

Right.

So for me, real wealth, like we talked about is if if my.

income, my passive income exceeds my living expenses on a monthly basis.

I'm already wealthy because wealth to me is number wealth is a top is time.

Right.

You know, so I, cause I, I just syndrome.

I'm like, all right, nope.

Get good at practical wealth.

And then, you know, when I'm ready, all right, I know I got some capital.

Let's, let's do this thing.

Right.

Right.

So let me ask you two final question.

Uh, cause you've been earning, uh, great commissions to owning assets and building a significant real estate or self-storage operation.

Has your, or how has your definition of financial freedom changed? What does wealth mean to you today?

Yeah, and that's just kind of what we've talked about.

You know, when I was first flipping time for money, that may have been, you know, flicks and flips, real estate commissions, wholesaling.

I thought wealth was having a big number in the bank account.

Turns out that's not the case.

Real wealth is, and I'm going to give you kind of even a high level, real wealth is being able to do what I want, when I want, with whomever I want.

That's real wealth.

But to get to that point, you need to be able to have passive income coming in To support that, you know, if I want to spend six months in a different country and not work, obviously I'm going to need something to finance that lifestyle.

Right.

I don't want to be eating into a bank account and just seeing it go down every month.

I'd rather have that bank account either stay even or even go up while I'm doing this while I'm not working.

Right.

So for me, real wealth, like we talked about is if if my.

income, my passive income exceeds my living expenses on a monthly basis.

I'm already wealthy because wealth to me is number wealth is a top is time.