I hear it all the time that agents want to make $6000 or $12000 or even $20000 per month. When I ask them why do they have such a goal, the answer is always that it is what they need to live the good life or live the life they have imagined for themselves. However, that is not the correct way to think. One is only financially independent when one begins to earn that income in a pass ice manner. Meaning when your investments begin to make that much money for you. If your goal is $10000 a month. Then you have not achieved financial independence till such time that your money earns you $10000 a month without you having to work at all.

Let us assume you want to make $10000 a month. You will need $120000 per year or $2.4 million in investments earning 5% per year. That is when you can say that you have achieved financial independence.

You might be thinking, I’m a rental agent in Manhattan, I can’t even pay my rent sometimes. What is he talking about passive income and investments worth $2.4 million. The truth is that unless you don’t start somewhere, you will never arrive where you need to achieve financial independence. Even if you only start by saving $1 a day or $10 a week. Unless you start somewhere, you will only arrive nowhere.

Make saving and financial independence your primary goals as a rental agent. Start early. Start now.

It’s takes great character to save moment in a disciplined and consistent manner. If you want to evaluate your character, look at your saving account. The less you have, the more you need to work on your saving habits.

Start today, start now!

This article is attributed to Tom Hopkins work book that was given to me at the seminar I attended in August of 2011. I have customized it for rental agents. I encourage everyone to go to Tom Hopkins boot  camp seminar in Scottsdale, AZ held once a year. It will change your life. At the very least, read his book, “How to master the art of selling!”