The Mentee Podcast

S5E47: How to Create $7,000 a Month in Passive Income in 2 Years

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Synopsis

We live in a world that glamorizes the grind and the hustle. But is it really fulfilling to spend the rest of your life just blindly paying off bills? Yes, you have to work hard. But you have to work smarter. It’s not impossible, and you’re never too young to achieve financial freedom.Matthew Amabile, real estate investor and founder of Amabile Investments, joins me to talk about how to attain financial freedom. What are the secrets to reaching financial freedom in just two years? Here are some power takeaways from today’s conversation:Increase your income while decreasing your expensesFollow the four-unit hackBuild relationships with partners and investorsBuy properties and refinanceEpisode Highlights:[04:31] Goal of Financial FreedomThe idea is to make a certain amount of money a month and keep your expenses low to do whatever you want. Matt earns $7,000 a month in passive income from rental properties. From this, he only spends around $3,000 a month.[08:28] Four-Unit House HackMatt bought a condemned