Join us on Average Joe Finances as our guest Daniel Kong, a former software developer turned real estate investor, shares his journey from working 20 years in a W2 job to achieving financial freedom through real estate investing, specifically using the BRRR strategy. He discusses the transition from passive income to active income, the importance of networking, and how to effectively manage and buy back time. Daniel also delves into the importance of taking immediate action on learned knowledge and offers insights into his current focus on active business and construction projects.
In this episode:
- Learn how decisive action and adaptability are key to transforming career paths and achieving financial freedom.
- Understand the balance between active and passive income to optimize growth and long-term stability.
- Realize the importance of leveraging time through strategic outsourcing and effective time management.
- Discover the power of networking and mentorship in unlocking new opportunities and strengthening vision.
- And so much more!
Key Moments:
00:56 Guest Introduction: Daniel Kong
01:49 Daniel's Journey into Real Estate
03:10 First Steps in Real Estate Investing
05:21 Building a Real Estate Portfolio
06:19 Active vs Passive Income Strategies
09:15 Ground-Up Construction Projects
10:54 Investor Relations and Fund Management
16:05 Balancing Business and Social Media
17:46 The Importance of Time in Building Passive Income
19:19 Strategies for Buying Back Time
20:12 Balancing Business and Personal Life
21:30 Outsourcing and Delegating Tasks
23:33 Making the Most of Free Time
28:51 Final Round: Personal Finance and Business Insights
33:27 Closing Thoughts and Final Advice
Find Daniel Kong on:
Websites:
https://www.sunsetcapitalinvestments.com/
https://www.danielkong808.com/
Facebook: https://www.facebook.com/danielkong808
Instagram: https://www.instagram.com/danielkong808
Tiktok: https://www.tiktok.com/@danielkong808
Youtube: https://www.youtube.com/@danielkong808
Average Joe Finances®
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About Mike: https://mikecavaggioni.com
About Tawnya: https://www.themoneylifecoach.com/
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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