Learn How To Acquire Financial Independence Through Real Estate (F.I.R.E.)

AZREIA Show

Join hosts Marcus Maloney and Mike Del Prete in the latest episode of The AZREIA Show featuring special guest Tracy Royce, subgroup leader at AZREIA. This discussion covers the 'F.I.R.E movement', a perspective on how to operate your business through a sound financial lens.

Tracy gives her valuable insights into the fix and flip industry, stressing the importance of discipline, smart investing, and not succumbing to the peer pressure concept of scaling. She also throws light on her course 'Flip School', which is designed to help newbies avoid losing thousands on bad deals by teaching them how to invest wisely.

The hosts and guest also discuss the upcoming AZREIA events including the Fix and Flip Bus Tour. Join them to better understand the importance of coupling good personal finance with real estate flipping to achieve a sustainable lifestyle of financial independence.

Key Takeaways:

01:10 Introduction and Welcoming the Guest

01:35 Catching Up with Tracy Royce

01:43 Discussing the FIRE Movement

02:46 The Pressure of Scaling in Business

03:26 The Importance of Healthy Business Metrics

05:53 Aligning Business with Personal Values

09:46 Role of Financial Independence in Real Estate

10:44 Importance of Financial Literacy

11:43 FIRE Group: What, When, and Who

12:25 Importance of Personal Finance in Business

16:22 Tips for Managing Debt

19:06 Trap of Scaling in Real Estate

19:23 Challenges of Scaling a Real Estate Business

21:06 Importance of Asking 'Why' in Business Growth

22:49 Introducing Flip School: A Solution for Real Estate Education

23:56 Risks of Ignoring Proper Education in Real Estate

25:09 Value of Proper Education and Mentorship in Real Estate

25:41 Importance of Sticking to Your Numbers in Real Estate

26:58 Role of Education in Avoiding Common Real Estate Pitfalls

32:19 Benefits of Attending the Fix and Flip Bus Tour

Connect with Tracy Royce:

Instagram: https://www.instagram.com/royceofrealestate/?hl=en

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