Because of the hustle culture, people work long hours and sacrifice their valuable time with their families. Some even have multiple side hustles that will eventually burn them out and leave them mentally and physically incapable of being their best version. By the time they have stacked up some fortune, it might already be too late.
The pandemic has brought about new and innovative ways to generate revenue in a flexible workplace. People are looking more into investments and ways to achieve a steady cash flow without the traditional way of trading time for money. They want to achieve a lifestyle where they can have more freedom with their hard-earned money, such as traveling, spending time with loved ones, shopping sprees, and food trips, and the cream of the crop is taking it easy in the early years of their life. The best way to achieve this is by acquiring cash-flowing, self-compounding assets such as residential real estate.
One of the surefire ways to achieve this is to delve into passive income, particularly in the realm of real estate. Peter Diamond's new book, "The Diamond Wealth Real Estate System," cracks and presents a guide to help you navigate your way to financial independence while increasing your bankability steadily without putting in much work directly.
Peter, a seasoned CFO, Certified Bankability Expert®, and the owner of a niche consulting and tax advisory firm, has more than enough qualifications for people to be all ears, or in this case, eyes. He deftly explains how to earn passively and residential real estate as its center, all without the need of quitting your current day job. All of this can be done on the side and once the cashflow surpasses your active wage income, it’ll give you the freedom you seek.
Residential real estate is an investment strategy where the investor would not have to put an enormous amount of money upfront. Its best feature is that, unlike retirement plans (401(k) or IRA which are outside of our control) that depend on proactively generating income in a traditional working environment, residential real estate offers more control, freedom, with an increase in cash flow while working passively. It also has the advantage of low tax expenses and a secured high market value, on a long enough timeline. The ingenious ways of thinking and a list of tactics to use in growing their real estate portfolio, making it so that they would have more future investments and bringing confidence to anyone from beginner to a seasoned professional in this field.
It is a roadmap for people who want to increase control of their time by getting cash flow, maximizing bankability, and have a lifestyle that is not restricted by the worry of tightening one's belt.
The man behind this book highly values the bond that a family has. In one of his interviews, Peter shares that “valuing your lifestyle where you spend your precious time with your family while maximizing your cash flow steadily by utilizing passive income generating investments is the way to go.” Peter is a direct product of 9 to 5 and a traditional mindset; he knew he needed to change something. So, he put together this incredible system that turned into a book to get anyone started. Currently, his book is available both on Kindle and paperback. It will also be available on his website.