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Is Work Life Balance A Myth?

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You wake up, ugh, another day of work. Is it Friday yet?

You get the kids to school or daycare after a hectic morning and finally punch in at work. Finally, you get to work but have to walk past that one person who’s always smiling and happy, it’s so annoying.

You drone through the day thinking about your weekend plans.

Sure, there are a few faces around the office you like, so the entire day is not wasted. You get to catch up with some pals.

Finally, it’s time to go home. After the commute, it’s basically dinner time when you get home and get the kids to bed.

You sit down and you’re….exhausted. You sit on the couch to rest, and next thing you know it’s getting late and time to go to bed.

Another wasted day…and you think “I wish I had some work-life balance.”

Then you wake up again…

What is Work-Life Balance?

Work-Life balance is the goal of balancing your time between work and other parts of your life including family, social, leisure, and other personal interests…

 

Guess what. you’re wasting your time…

It’s not because the cause isn’t noble. But then again, people spend their lives trying to find Big Foot, aliens, and the Loch Ness Monster.

If it doesn’t exist, you won’t find it no matter how much you search for it.

A job is like indentured servitude. Unlike indentured servants of the past, you aren’t bound to a specific employer. But, you are bound to employment within the system.

That’s the reason why you’re unhappy and looking for balance

But, you can’t balance that.

Work vs a Job

Work is defined quite simply as an activity involving mental or physical effort done in order to achieve a purpose or result. Or it can be an activity done as a means of earning income.

A job on the other hand is a paid position of regular employment.

Do you see the difference?

Work is an activity, a job involves employment. While they are clearly related, at a minimum we need to see they are different.

If you chase the idea of job-life balance, you’ve accepted that you will always have a job and it is separate entirely from and incompatible with your ‘life’.

Some people can accept their role inside the corporate system. That is the person who is always happy at work. They don’t seek work-life balance because they are content.

Maybe they don’t even recognize what’s controlling their lives, or maybe they don’t care.

Either way, that’s not you. You want something more.

On the other hand, if you pursue some activity that you are passionate about and love that also happens to earn some form of money, you are ‘working’.

Here’s the kicker, If it is a personal interest, passion, or hobby, it’s already part of ‘life’.

…and that’s why chasing work-life balance is like chasing a pot of gold at the end of the rainbow.

You either accept your life as a worker bee, or you are unhappy. There is no way to be a worker bee for a little bit of the time and be a lion on the hunt the rest of the time.

There is simply no way to balance between those two. You need to be one or the other.

You need to accept that you are a worker bee, and be content. OR, you need to be the thing you want to be.

If you are the thing you want to be, there is no need to find a ‘balance’ between being that and being something society needs you to be.

That’s why work-life balance doesn’t exist.

Balance

That all being said, achieving balance is a part of all aspects of life.

Eat too much or eat too little, you end up in the hospital either way.

It’s like all those contradictory food studies – wine is good for you one day and bad for you another day. Or maybe this week it’s potatoes that are good for you or bad for you or… who knows?

That’s because literally everything in life needs to be balanced.

But, that’s just life. Why are we looking at all the various pieces of life that need to be on the scale?

Remember, though, a scale can balance things because it has a fulcrum. And, just as with a scale, your life has a fulcrum as well.

Finding Focus

All scales have a fulcrum and all lives must have a focus.

This is the singular thing that is most influential in your life, which directs or impacts all other decisions in your life.

For some people it’s religion. They always think about what is written about what God wants. Or they pray and look for guidance on various things.

They act either out of love/respect for what they believe God’s wishes are. Sometimes they act out of fear of God’s judgement.

For other people, their lives are balanced around friends, family, their community, or something similar.

They dress a certain way, buy certain types of vehicles, houses, etc because of how their social group will perceive them.

The job and the life of work is chosen because that is what their peers and parents expect them to do.

They want the acceptance of the group, or perhaps fear their judgement.

If you want to change who you are, you need to change the fulcrum and stop focusing on what’s on the plates on either side

That’s how entrepreneurs are different. We create our own businesses and make that our fulcrum.

Your Business as Your Fulcrum

If you love to do something, you’ll naturally want to do it more and other activities just won’t seem as important anymore.

That’s how entrepreneurs can work 12 hours or more, 7 days per week. They burn with passion for it. The business they are building is everything to them.

Of course, no one can work incessantly with no leisure or time with their family.

Maybe they get their spouse and children involved too. So their passion becomes the family passion. Now they spend time together and build their future.

They make new friends and go to dinner or parties with them. These friends are also entrepreneurs who have intense passion as well.

You raise your children and show them how passionate you are and teach them how to find and cultivate their own passions.

As they get older, they learn that life is not about a modern form of cubical slavery, but instead aboutthey pursue those passions and build balanced lives around what makes them burn.

Soon, everything in your life has some piece of your passion in it in some way.

This is balance.

This article originally appeared on IdealREI. Follow them on FacebookInstagram and Twitter.

Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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Wealth Hacks

Wealth-Building Conference Headed to Philly This Summer

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Senator Sharif Street and Temple University are bringing community wealth-building to North Philadelphia with a big conference.

Co-hosted by fintech NYCE, the Senator’s office announced its inaugural WealthCon event July 23, 2022, at Temple University’s main campus.

Closing the racial wealth gap is a major challenge we face in creating a fair and inclusive society,” said Street, who represents the Third Senatorial District of Philadelphia, one of the poorest communities in America, “Investing in people is how we elevate communities with a history of divestment and educating folks on financial literacy is a critical step toward that goal.”

WealthCon is a community-first experience dedicated to providing direct access to wealth-building programs across Pennsylvania.“

We’re a big advocate of NYCE’s mission of wealth equality and are excited to help address some of the grave issues that have impacted the communities for decades,” Street said.

More than 1000 Pennsylvanians, including officials from state, local, and federal governments, will attend WealthCon, including leaders in housing, lending, education, and community development.

The conference will offer panels and keynote conversations, covering the latest opportunities in real estate investing, financial literacy (including stocks, NFTs, cryptocurrency), retirement planning, public safety, entrepreneurship, and more.

“Financial literacy is critical to long-term community building,” NYCE CEO Philip Michael said. “We’re excited to make that available to everyone.”

The evening will conclude with cocktails and networking at the invite-only VIP dinner honoring WealthCon’s Innovators of 2022.

Innovators are recognized for their commitment to closing the wealth gap in America, both within their communities and beyond. (To submit your candidate for this year’s Innovators Award, please email .)

Tickets are free for members of the community. All ages are welcome.

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Wealth Hacks

Net Operating Income (NOI), Explained

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Goes without saying, if you’re a new landlord, there are some metrics you just have to know. And if this is the most important metric to master, this one may be the most important, period…

(Pause for dramatic effect…)

The NOI.

Whether it’s vetting, buying or managing real estate, NOI—short for Net Operating Income—is arguably the most crucial metric for real estate investors.

NOI is simply your net profits from rental income, after your expenses are paid. Here’s why it matters and why it’s more important than you think.

Your bottom line

When you have a rental property, your end game is to make a profit. You get your rental income. Deduct your operating expenses like maintenance, repairs and so on. Now you have your net operating income, which is your bottom line.

The Net Operating Formula

Net operating income is real estate’s equivalent to corporate finance’s EBIT. Here’s how it looks:

NOI = all revenue from the property – all operating expenses

It’s a simple enough formula, but there are ways you can manage it.

Managing OPEX

In business, there are two ways to increase profits. 1) Increase revenue. 2) Decrease expenses.

Simple enough, right? With rental income, there’s only so much you can do to increase revenue. So managing your OPEX is a basic but extremely important metric to monitor — and very often the hack for value-add investors to unlock crazy profits.

Valuation

Here’s the real beauty of NOI. Unlike single-family properties, the value of income-producing real estate (using the cap rate formula) is derived directly from the net income you can squeeze from it. Not supply and demand. Not the market. Not the S&P. Not bubbles. None of that.

“Net Worth Hacking”

In addition to your real estate investing hacks, if you manage your NOI, you can literally enhance your asset’s value. This is at the core of the value-add strategy. This New Jersey group bought a building for $57 million, hacked the NOI through upgrades and management, and BOOM! Sold it three years later for $101 M’s.

To know more about real estate hackmoney tips, and building generational wealth, subscribe to wealth lab and learn how to bust through the barriers preventing you from becoming a millionaire.

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