5 Steps to Becoming a Hands-Off Property Investor: Generating 6-figure Passive Annual Income

Are you looking to build wealth through property investment without the day-to-day hassles of property management? Start your journey today with our five actionable steps to becoming a successful hands-off property investor and watch your wealth grow passively. 

1. Shift Your Paradigm (Paradigms Affect the Way People View Work and Various Ways of Making Money)

Become an Investor: 

• Your money should work for you, not the other way round. What is your return on risk? 
  
  
• Money is just a by-product of the game; the game is fun. Look to put your money to work. 
  
  
• AssetOne guides you in building the initial framework, ensuring a solid base for your investment journey with the right vehicle that can put money to work in the fast lane.
  
  
  
   

2. Define What You Want Your Wealth to Be

• Wealth is a matter of time, how long your money lasts, not just how much you have right now. Unless you’re already wealthy, chances are that kind of financial security won’t stick around for long without a plan. That’s why at AssetOne, we focus on what you want, because your goals are the key to building wealth that’s both meaningful and lasting.

• What matters most is what you want, because that’s what brings real fulfilment. No one wants to reach retirement just to scrape by; that’s not fun for anyone. So instead of just asking how much you need, we ask a more important question: what do you want your wealth to do for you?

• We look at wealth in two parts. The first is what you own at the time you're ready to invest, your net worth. In simple terms, that’s your assets minus your liabilities. It’s a snapshot of your financial position. The second piece is just as important: your income, or cash flow. That’s the money coming in regularly to support your lifestyle and plans. There’s a clear difference between having wealth on paper and having the steady cash flow to live the life you want.

3. Seek Guidance to Set Your Goal for Wealth

• To set a real goal for wealth, traditional saving methods or standard investing rules alone won’t get you there. It takes the Wealth Strategy. This starts with knowing exactly where you are today,  because you can’t map out where you’re going until you understand your current position and financial situation.
  
  
• At AssetOne, when we teach Wealth Strategy, it starts with having a mentor, someone you can look up to, who has the experience and knowledge you may not yet have, and who’s willing to share it with you. It’s about learning from someone who’s already walked the path and following the way they approach things.
  
  
• Secondly, a coach. A mentor might give us some knowledge and direction, but doesn't help us on a day-to-day basis. This is somebody that is working with you on a daily, weekly or at least a monthly basis that you have some accountability to and who challenges you on a regular basis.
  
  
• Your coach needs to understand the Game, not just any game, but the specific one you want to play. They should be aligned with your vision and goals.
  
  
• They also need to be successful. A coach who hasn’t achieved results themselves can’t effectively guide you to yours.
  
  
• Ideally, your coach is either currently playing your Game or has played it before. Their coaching style should reflect a clear path toward achieving the goals you’ve set for yourself.

4. Setting Your Present with a Plan of Action to Build and Accomplish Your Wealth Goals

• Start by creating a simple financial statement that looks at Assets and Liabilities (i.e. what your balance sheet is supposed to look like) and your current income or cash flow situation (i.e. your income statement of what money is coming in and what money is going out). 
  
  
• Having built your robust wealth strategy with your AssetOne coach, integrate what you have studied and have an excellent understanding of how it works and the process it takes to become successful.
  
  

5. Building Your Power Team and Scaling for Passive Wealth

• AssetOne will facilitate introductions to trusted professionals, forming a robust power team. This includes finance specialists, property managers, legal experts, and other critical partners, tailored to your tenants' profiles.
  
  
• Determine your desired level of property and tenant management involvement, leveraging AssetOne's network for seamless operations.
  
  
• Reinvest generated returns to expand your portfolio, guided by AssetOne's proven strategies. Continuously update your knowledge of market trends and passive income strategies. 
  
  
• AssetOne can help you make the right steps in the right order to become a hands-off property investor and help you grow your wealth. 
  
  
• Take action and get in touch with AssetOne today to start your journey and get the expert advice you need.