Have you heard of push goals and pull goals? A push goal is just hard work, like pushing against a boulder, it’s a lot of effort. A pull goal is something you’re aligned with, it pulls you in like a slingshot. If you choose the wrong goal it can be demotivating, so you’ve got to spend time working that goal out, and making it a pull goal.
Now I need to point out that being a Property Developer in and of itself doesn’t give you passive income, and real wealth comes from passive income. But if you do it right, then you're going to be able to generate passive income at the end of the property development process.
And once you have enough passive income to cover all of your debts and expenses, that’s when you’re financially free. Because if we've got passive income to put fuel in the car, to pay for our phone, to pay for our mortgage, to send the kids to school and to put food on the table, all those sorts of things, that means you don’t have to work.
Now if you want to leverage it, if you want the mansion and the Porsche and all those kinds of toys, that's lifestyle over and above financial freedom. And you can have that too, but don't get sucked into all the glitz and glamour at the get-go, because it’s mostly just a distraction from the main goal.
Let me reiterate: Your main goal is to generate enough passive income to cover all of your debts and expenses.