Today’s guest on the Millionaire Secrets podcast is Jimmy (Jimmy) Veerland. Jimmy is co-founder of Cashflow Tactics, owns a real estate investment company, and has flipped over 100 houses in a single year. Jimmy’s also a US-Army Ranger veteran, having served in the theaters of Iraq and Afghanistan respectively. It’s in Afghanistan that Jimmy’s entrepreneurial journey started. After reading the book Rich Dad Poor Dad, by Robert Kiyosaki, Jimmy began sending money home for his mother and brother to buy up property rental deals. Leaving the Rangers, he didn’t jump straight into entrepreneurship. In fact, he grabbed a 9-5… Working a high paying corporate sales job selling medical equipment. On the side, he continued to build up his growing empire of property rentals, until one day… After 9 years in the army, and 8 years working a 9-5, he finally decided to take the leap of faith into… …entrepreneurship. By this time he’d grown his portfolio to 60 rentals. Sounds impressive. And it is. But as full-time businessman Jimmy started to scale to 100 rentals… …this is when the entrepreneurial world dealt him his first hard lessons. There’s more… Jimmy gives us a history lesson that starts back at the end of WW2.
He explains why your 401k isn’t what you think it is…and it isn’t going to be enough for that idyllic retirement you’re planning for. It’s here that we go deep into the topic of your personal Stike Number. This is the amount of money you need to make each month to… …replace your job. This should be the first target of any side hustle or real estate investing mission. After that, It’s about moving on to your Awesome Life number. This is X5 your Strike Number. Why do you need an Awesome Life number? Again, it goes back to having that idyllic retirement you think you’re going to have. I know 55-year-olds with $600k saved for retirement and they think it’s enough. I tell them…put another 0 on that. You’ll need it. Jimmy agrees – and he’s the investing expert here!
CLICK THE IMAGE below to enjoy the full interview with Jimmy Veerland:
Don’t miss the chance to hear his story and learn his secret. Check out the podcast!