147. A Beginner's Guide to Building Wealth with Maurice Philogene

What do you think about where you're going? What assets do you want to go into? What is the mindset you have to have to buy back your time?

Chad Sutton and Maurice Philogene lead listeners on a transformative journey toward financial freedom. They stress that financial freedom isn't merely about amassing wealth but about designing a life aligned with personal aspirations. Guided by the five freedoms—time, financial, geographic, purpose, and relationships—they debunk misconceptions, focusing on assets that generate income and highlighting the importance of intentionality in shaping one's financial trajectory.

 

Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL!

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[00:00 - 10:07] Building Wealth with Purpose and Patience

Today's episode is a Quattro round table edition discussing being a beginner to investing The goal is to replace time trading for income with assets that provide time freedom Maurice shares his journey of investing in real estate since his twenties, which has paid off greatly. The most important thing when beginning to invest in real estate is having a “why" Wealth is redefined as a tool for time and freedom, demanding dedication and strategic money management

 

[10:08 - 19:42] Balancing Today and Tomorrow: Practical Insights for Financial Freedom

Pay yourself first and store the money until you have enough to buy an asset Striking a balance between enjoying the present and securing future finances through mindful choices Consider the money you put aside for assets as not yours anymore They emphasize choosing valuable assets with cash flow and growth potential while cautioning against speculative choices Maurice debunks the idea that vast wealth is essential for financial freedom, advocating for passive income covering crucial expenses for a more fulfilling life

 

[19:42 - 30:01] Strategic Work and Personal Goals

Focus on five freedoms: time, financial, geographic, purpose, and relationships Increase income and decrease expenses to reach financial freedom goals faster Maurice and Chad emphasize aligning work with personal goals, focusing on essential tasks for efficient income growth Proactive planning and self-education lead to financial independence, offering a life of choice and fulfillment Change mindset to increase income and time freedom

 

[30:02 - 38:49] Final Thoughts

Maurice and Chad emphasize income's pivotal role in building assets and crafting desired lifestyles Champion your individuality, break norms, focus on assets, and shape your own purpose-driven paths

 

Quotes: 

"You have got to pay yourself first. And if you have a life-related need that really requires money, wait for the next paycheck to come. Never robbed from your storage ever because that money doesn't belong to you anymore. That belongs to your future self." - Maurice Philogene

"Financial freedom is not instant. And even if you win the lottery, you still have not built up the skills to maintain it or to multiply it." - Maurice Philogene

 

 

Connect with Maurice through

Linkedin, Facebook,

Or visit https://www.thequattroway.com/

 

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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

 

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