One of our greatest challenges is creating the ideal balance between our careers and the life we want to enjoy. Before you give up though, it’s important to gain clarity on why finding this balance is so important. Understanding and honoring this need for balance is critical. Passively investing in real estate can be the key that unlocks this goal.
The fast pace of life sometimes feels like it will swallow you up if you don’t manage to keep up. In the blink of an eye, things can change. So, you just keep sacrificing and working to be at the top of your game to avoid losing it all. The stories that came out of the 2008 recession, the oil and gas layoffs in 2015, and now the tech and IT adjustments, are gut-wrenching. Added to that, Covid related changes and increased working from home have blurred the lines between work and personal time.
Not only does managing work-life balance add more pleasure to our lives, but workplace stress is also estimated to be the 5th biggest cause of death in the United States. The National Institute for Occupational Safety and Health, or NIOSH, has determined that around 40% of workers identify their jobs as “very or extremely stressful” and more than a quarter of Americans identify their jobs as their #1 source of stress. These are alarming statistics that are only getting worse. Its up to you to ensure you don’t become part of this unfortunate pool of people.
How do you define your ideal work-life balance?
Most people envision work-life balance as equalizing a seesaw with work on one side and the entire rest of your life on the other side, like the image shown above. We feel existential pressure to equalize the time spent on each side. That’s why you often find proposed solutions that hinge on time management and creating more flexible work schedules. But time isn’t the real problem, is it? There’s no practical way to effectively balance by time. This creates a never-ending obsession with time management and an endless cycle of falling short. You can’t schedule your way to your ideal work-life balance.
We can’t address all areas of what work-life balance is and what it means to you. But, we can offer a solution to the financial burden that comes with generating the income needed to support the life you want to live. Passive income stops the cycle of trading your hours each day for money. Instead, you can start spending those hours creating the life you want.
How do you balance the financials of work-life balance?
One of the best ways to financially support your ideal work-life balance is through passively investing in real estate syndications. This is essentially the pooling of funds from a group of investors to finance a commercial real estate project. Passive investing allows you to benefit from the earned income of the property without taking on the risk and stress of a self-managed property. Click the following link for more information on the differences in Active vs Passive Real Estate Investing.
Over time, with a smart investment strategy, these investments can provide a steady stream of income. This income can offset the need to work more hours, sacrificing that time at home, traveling, or participating in your favorite hobbies. Syndication real estate investments also offer the opportunity to reduce the tax owed on their passive income, improving your position over time. Consider what it would feel like to be able to reduce your workload and free up more time for yourself and your family. You would be able to focus on the things that are important to you. You would not be tied down to a job that consumes all of your time.
Passive income combined with work-life balance means less stress.
To sum it all up, passively investing in real estate is a great way to unlock work-life balance. Work-life balance is something you should absolutely consider how to achieve. Investing in real estate syndication has the potential to provide a steady income stream, tax benefits, and high returns. It’s a great way to create a passive income stream that can help to free up your time to redirect your energy to a more fulfilling life.
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