Almost every one of my blogs is about what you could be doing to earn a handsome income with sandwich lease options. In my last blog, I shared why it’s important to have a life vision. This time, I expand on that to show you how sandwich lease options are an integral part of achieving your life vision.
Sandwich Lease Options are about finding the most enjoyable balance between earning lots of money and having time to enjoy life.
Life is About Much More than Money
Money isn’t bad but there is much more to life than working for money that you don’t have the time to enjoy. A key principle that I apply to my sandwich lease option business is “control without ownership.” That means much less responsibility. Less responsibility leaves you more time for life. You achieve less responsibility by sharing it with the other people in the deals. These people are the property owner who needs to solve a problem and the soon to be homeowner who has skin in the game.
Beyond the monetary payday, you want to enjoy emotional paydays. Most of us call emotional paydays happiness. It’s when we do things that make us feel good. It’s when we are proud to live a life based on principles. We all want this but few of us make it happen in any meaningful way. We always say that happiness will come someday.
Someday should begin today!
We all define happiness differently. Maybe it’s lots of material things that cause us to work harder. Maybe it’s having the money to help family. Maybe it’s helping people who are struggling – these can be the sellers and buyers in sandwich lease options. Maybe it is all of them. I find that sandwich lease options are the answer to all of these and much much more.
Less Responsibility = More Life
To achieve less responsibility and live more life, you MUST first have a vision. A vision defining what your time is worth and how to use that time for more enjoyment in what you want to be doing. A vision that lets you have choices – lots of choices. A vision that allows you to change your time commitments any time you want. Sandwich lease options are so flexible they enable you to live any lifestyle you want to live.
You begin building this new way of life by first asking yourself some questions about the life you are living today.
Do you believe in what you are doing?
Does what you are doing meet your values?
Can you change the rules of your life when you want to?
Are you experiencing an abundant life?
Are you the master of your life and have the money that you want?
Will you begin living the life you want while you are still young?
Do It All “Debt-Free” with Sandwich Lease Options
Key to a life of happiness that you can easily support financially is being debt-free. Debt makes you a servant to the banks. You become more focused on maintaining good credit than you focus on life itself. Debt means you have to work a lot to make the payments. You are doing the work but earning money for the banks. You always put money first before anything else.
Of course, you don’t have to ruin your credit to earn money with sandwich lease options. Debt and credit ratings just become much less important than the other things going on in your life. When you have control without ownership, you don’t need to think about owing money to the bank and how much work you need to do to make the next payment. You just don’t have to be dependent on banks for anything. You stay in control without having to be responsible for following the rules of the bank.
Central to borrowing for real estate investments is that you (an investor) have to continue paying the bank even if the investment isn’t earning any money. If the investment fails, the bank gets its money back through foreclosure. You walk away exhausted from all of the work and all you get in return is to have your credit rating wiped out.
Sandwich lease options share the risk and share the responsibility with others without the banks being involved and without threatening to destroy anyone.
Sandwich lease options are debt-free investments.
Creating Your Vision of Life with No Risk and Ample Money
Do you define your vision by putting a price tag on it? Can you put a total price on happiness? Do you even want to put a price tag on happiness and prosperity?
If you answer yes to those questions, you may want to take some time thinking about your vision for your life. You might even be a slave to money. It’s not your fault. Working for money instead of happiness is what we are all taught from the earliest age.
Win-win-win is about happiness and prosperity. So here is where you begin. Create a vision for your life first and then build a business that supports your vision.
These are the tools for doing exactly that:
Action 1 – Develop Your Life Vision. Define in detail what your life will look like. You probably spend more time planning a weekend than you spend planning for the rest of your life. You may already have a vision of your business but what you need first is a vision for your life. What do you want in your life and how do you want to spend your time? You don’t want to use dollars to define your life. Instead, decide what you want to achieve and what will bring you lasting happiness. The dollars come later. Also, think about how to get out of things that don’t bring you happiness (getting out of debt). This is your definition of life, not someone else’s definition for your life. Write your vision as if you never needed to work another day in your life.
Action 2 – Define Your Needs. List what you need daily, weekly, monthly, yearly, and for the future phases of your life. This still does not involve making money. Don’t think about how to earn money but do figure out how much money will meet your needs even if you never work again. Next, look at how much you can decrease your needs. A good place to start is by looking for needs that are better defined as the reasons that you work. If you “need” to pay a mortgage, cross it off your list. There are ways to build a life/business without a need to pay a mortgage (or a car payment). Another “need” some investors have is working a day-job to make up the difference for an investment that is losing money. You can get rid of that investment – especially if it is a sandwich lease option that you control but don’t own.
Action 3 – Find Ways to Make More Money than You Need. The key to this can be to stop accumulating debt so that the money you earn is money that you keep. List the ways that you can earn money without taking on debt. Look for ways to get out of the debt that you currently owe (sandwich lease options can be your answer). Look for ways to invest extra cash to make more money that you keep. List assets that you want to own free and clear.
When you are debt-free, you don’t have to work nearly as many hours each week, month, and year. You have time for your life.
Action 4 – Build Your Business to Support Your Life Vision. You may need to use the excess cash from Action 2 to get started. You minimize this by not increasing your new “life needs” until your new business becomes profitable enough to pay for both your needs and wants. With sandwich lease options, this happens early with your first deal. You want to create a business where you keep everything you earn. Create a business that earns more than enough but requires a minimum number of work hours. Controlling real estate without owning it is the best answer that I have.
Does this make sense?
Create your life vision.
Define your needs.
Find ways to earn more than you need.
Build your business to fit your life vision.
Start taking 4 or 6 months off each year.
Why Wait? Start Now!
Here is what you need to start immediately:
- Investing In Real Estate with Lease Options.
- Advanced strategies for Buying and Selling with Lease Options.
- Your Wealth Building Arsenal.
- Add Personalized Coaching.
- Cooperative Lease Options.
- Expand to Get the Deed “Subject To.”
- Round it all out by Working with Realtors.
By Wendy Patton
For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.
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