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- š” The Stages of Wealth: How Real Estate Agents Build Freedom for Life
š” The Stages of Wealth: How Real Estate Agents Build Freedom for Life
The powerful launch-themed stages of wealth creation with the uncompromising truth
ā ļøGood morning, agents! Why did you become a real estate agent? It wasnāt just about escaping the 9ā5, ditching the boss, or crafting your own schedule. Deep down, you were chasing freedomāspecifically, financial freedom.
You envisioned a life where your money works for you, not the other way around. Thatās the definition of rich: when you no longer trade your time for money, and instead, your money does the work.
This guide is your roadmap.
It combines the powerful launch-themed stages of wealth creation with the uncompromising truth: your product isnāt just housesāitās profit. With profit, you create a life of autonomy, purpose, and legacy.
āIf you donāt find a way to make money while you sleep, you will work until you die.ā
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šÆ The Great American Mortgage
Part 1
š Launch Your Path to Financial Freedom
1. š§± Ground Phase: Foundation of Financial Freedom
This stage is about building solid habits and defining your mindset for the journey ahead. Your mission is to become profitableānot just busyāand use that profit to construct your future.
Master Real Estate Fundamentals: No amount of social media will replace real skills. Learning to be a powerful listing agent with so many listings you can refer your buyers to buyer partners, being excellent at presenting, negotiating, and closing as well as honing your pricing skills are all key skills. Without them youāll never move to the next level.
Create a Financial Plan: Save 20ā30% of every check. Build a 3ā6 month emergency fund. Budget. Automate savings. These habits create predictability in an unpredictable industry.
Own Property Early: Buying your primary residence builds equity fast. This can become the seed capital for future rental properties or long-term wealth plays.
Invest Early and Often: Open a Roth IRA. Contribute to index funds. Start investing $500 to $1,000 monthly into the S&P 500 as early as possible. Understand the time value of moneyāsmall investments now = freedom later.
Wealth Tip: Every dollar you save is a seed of financial freedom. Invest it to buy back your time.
Benchmark: Your goal is to own at least $1M in appreciating assets within 5 years. Thatās the benchmark for real financial traction.
āDo not save what is left after spending, but spend what is left after saving.ā ā Warren Buffett
REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harrisās favorite PROBATE LEAD PROVIDER? Simple, ALL THE LEADS
2. š„ Ignition: Build Profit, Not Just Production
Too many agents confuse production with progress. Closing 30 deals a year wonāt matter if youāre broke, burned out, or bleeding expenses. This is the phase where profit becomes your product.
Profit is Your Product: Every decision must flow from this truth. If it doesnāt create profit, it doesnāt belong in your business.
Donāt Buy Easy Buttons: Zillow, lead gen subscriptions, expensive CRMsātheyāre often profit killers. Easy buttons seduce you with promises of scale without skill.
Know Your Magic Number: This is how many listings you need at all times to meet or exceed your income goals. Reverse engineer your life from your listings.
Focus on Listings: Listings are leverage. They generate inbound buyer leads, create referral business, and feed your brand. Nothing else compares.
Start Investing in Assets: Use commission income to buy assets that cash flow. A rental that produces even $500/month moves you closer to financial independence.
Use Tools to Track Your Progress: Connect all your bank accounts, investment accounts, and liabilities into one dashboard using MonarchMoney.com. Seeing the full picture helps you stay financially focused.
Wealth Tip: Work for profit now so your money can work for you later.
Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: REDX
š Want the systems, skills, and scripts to fund your freedom? Join us at HarrisMasterMind.com Letās build your launchpad together.
A few of you may be ready for Elite, One on One Coaching with Tim or Julie Harris. Text Tim directly at 512.758.0206 and start the conversation.
TOGETHER WITH LIBERTAS
When you partner with eXp Realty + the Libertas Group, you unlock over $35,000 in tools, coaching, and support ā at no cost to you.
Hereās just a glimpse of whatās included:
ā
Premier Coaching with Tim & Julie Harris ($3,000+ value)
ā
Harris Certified Coach Certification ($25,000 value, min. group 300)
ā
Daily Live Coaching Calls + Business Plans, Scripts & Presentations
ā
CRM access (BoldTrail, Cloze, or Lofty)
ā
HyperFast Agent Training ($3,000+ value)
Plus: referral networks, masterminds, concierge onboarding, relocation & luxury divisions, live events, and more.
š„ All-in, itās a $35,000+ value ā FREE when you join Libertas.
SPONSORED BY PACASO
Former Zillow exec targets $1.3T
The top companies target big markets. Like Nvidia growing ~200% in 2024 on AIās $214B tailwind. Thatās why the same VCs behind Uber and Venmo also backed Pacaso. Created by a former Zillow exec, Pacasoās co-ownership tech transforms a $1.3 trillion market. With $110M+ in gross profit to date, Pacaso just reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacasoās Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
AND THATāS A WRAP!
Thatās the start of your wealth journey. Stay tuned for Part 2, where weāll take it even higher.
āTim & Julie Harris
Harris Real Estate Daily
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