Everyone has their own idea of what financial freedom looks like. To Lloyd Edge, an investor boasting a multi-million dollar property portfolio, financial freedom means having the security to live your desired lifestyle, live in your dream house, and follow your passions. In today’s episode, we speak with Lloyd about how he secured his financial freedom through real estate investing. We begin our conversation by tracking his journey from being a teacher to becoming an investor. Lloyd talks about his motivations and his need to build something bigger than his job. He opens up about mistakes he made early in his investment career, the mindset shift he underwent, and how setting goals and developing the right strategies kick-started his success. We dive into the power of positivity and education when starting out as well as surrounding yourself with smarter, more experienced investors. Lloyd discusses why creating different sources of income can unlock more choices in your life before sharing what he looks for in investments. A sound investment strategy, Lloyd provides details on the ‘property trifecta,’ his way of manufacturing equity, and ensuring that his investments aren’t shackled to market forces. Lloyd’s story shows that anyone can find success through focus and by following their passion. Tune in to hear more about securing your financial freedom.
Key Points From This Episode:
Lloyd shares his journey from being a teacher to becoming a passive investor.How a lack of financial security motivated Lloyd to dive into real estate.What financial freedom means to Lloyd; living a more fulfilling life. The importance of passion and being able to recognize when your life needs changing. How Lloyd developed the mindset to be able to shift towards real estate. Why setting goals can be game-changing for your career. Finding motivation by feeding off of positive and like-minded people. The perceived security of nine to five jobs and not limiting your growth potential.Why developing your passive income stream is vital to having choices in life.Hear about the ‘property trifecta’ — capital growth, instant equity, and cash flow. Lessons learned and what Lloyd’s business model and portfolio currently looks like. Seeing investments as vehicles to reach your goals. Why passion is Lloyd’s number one key to success.
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