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.