Zach was busy climbing the corporate ladder getting four weeks of vacation per year until he changed his mindset and actions. Six years later he walked away from a six-figure W2 life at 39 and now never uses the word vacation as it’s just his normal passive income life! Zach’s journey from climbing the corporate ladder to achieving a “1%er” life retired on passive income before 40 is a simple story. Simple, but not necessarily easy!
What You’ll Learn from This Episode:
- The importance of mindset change in moving from a traditional career path to passive income generation.
- The benefits and challenges of investing in rental properties, including the rent-to-own model.
- The role of local community banks in financing real estate investments and how they differ from larger financial institutions.
- How to identify and leverage different niches in real estate for passive income.
- The difference between active and passive investing.
Resources Mentioned in This Episode:
- Book: Rich Dad Poor Dad by Robert Kiyosaki
- Book: The 10X Rule by Grant Cardone
- Book: Be Obsessed or Be Average by Grant Cardone
- Website: BiggerPockets (for real estate learning and networking)
- Bank: Huntington Bank (for initial real estate financing)
- Zach Zimmer’s Podcast: The Passive Income Life Podcast
