The Time Freedom Point with Ideal Wealth Grower's Axel Meierhoefer

September 8, 2021 | Episode 8

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The Time Freedom Point with Ideal Wealth Grower's Axel Meierhoefer

September 8, 2021 | Episode 8

Eric Grundhoefer of Royal Reputation dives right into this episode of Becoming Legends with Axel Meierhoefer. Axel will talk about how he transitioned investing in real estate himself into something a lot more. Learn about how networking can help you find your niche and create a business you might never have thought of on your own. 

Some of Ideal Wealth Growers’ success might come from efficient use of a lot of different social media channels, but a whole lot more of their growth comes from Axel’s personality, expertise, and dedication to building a business and really offering great value to his clients. 

Learn more about what Ideal Wealth Grower does, the kinds of clients they attract, and how a lot of people are starting to look for more financial freedom and a different kind of lifestyle than previous generations. Axel Meierhoefer knows that the most important thing you can have in life is time, and he’s dedicated to making sure the people get that time. 

More than that, you’ll get some tips about how to save, build wealth, and create financial freedom in a responsible and sustainable way. Plus you’ll get exclusive insight into Axel’s mindset and how he developed the kind of personality that can build an incredibly successful business helping people. 

Learn the power of building positive habits, and how habitual behavior can make you a more successful person. 

This is a really transformational episode. If you’re looking to build success in any industry, or even just in your personal life, this is one episode of Becoming Legends you don’t want to miss!

Transcription

Eric: All right. And we are back with Becoming Legends. I’m your host Eric Grundhoefer. Today with me I have Axel Meierhoefer of Ideal Wealth Grower. You can find him at IdealWealthGrower.com. Axel, thank you so much for being here. I really appreciate you. Please tell the audience who you are, what you do, and why you do it.

Axel: Yeah, awesome. Thank you, Eric, for having me, and glad to be here. So, yeah, as you said, I’m the founder of Ideal Wealth Grower, which is basically something that emerged out of my original consulting company. It basically came out because when I started my consulting business, I asked myself, how can I actually set something up as a small business owner for retirement, and couldn’t really find a whole lot of things, especially at the time, this was in 2005. My thinking about maybe doing something in stocks or 401K, or anything like that, didn’t really go anywhere, because we just like two or three years before, had a massive stock market crash, and I didn’t want to really get into that. So, I started just on my own without really making it into a business, I started investing in real estate. 

And at the time, we didn’t do it over Zoom, or any kind of video conferencing. But you hang out with your friends, you hang out with other business people and stuff. And you have discussions about what are you doing and so on. I mentioned that I bought another property or I changed something, I had an issue and so forth. And people over the years kept saying, hey you’re doing all these things I have interest in. Tell me a little more. And so these discussions started. And ultimately, what came out of that was that people said you have kind of found a niche for yourself, you should put this out there. And that’s how Ideal Wealth Grower started. And then we did a website and YouTube channel and social media, on and on and on. And so yep, and here we are.

Eric: I absolutely love that. I love that you — You could tell your way of thinking that you already know what you need to do, not only obviously with the business and like that aside. But from a social media and marketing standpoint, like, PR, the fact that you threw website in there, and then followed YouTube channels, social media, all that, that’s fantastic. Because a lot of people, they’ll just go, oh, we have the website, and then they leave it there. So, that’s amazing. I absolutely love that. So, that’s kind of your origin story. And I think that that’s absolutely amazing. You’re a self-starter, entrepreneur, you’re a hustler. Like, for the people that are listening now that maybe they’re like, okay, that’s great. That’s who he is. I want to provide them as much value as we possibly can. Who’s your ideal client? And do you have any kind of lessons or anything that you can almost teach someone that is listening that they could take away from this as they’re listening here today?

Axel: Right. Yeah. So, when I’m being asked, what’s the ideal client, I have found for myself, based on having lots and lots of engagements with clients. There’s really kind of two groups. The one group is the kind of people I would say, in their late 20s, early 30s, who just for themselves have decided, I don’t want to replicate what my parents have done in their life, like somehow getting out of college and getting a job and then working in some form of employment for 40 years. And then hopefully, somewhere between 65 and 70, I can retire if that’s still possible. That’s not my life plan. I basically want to do something with my life. That gets me to a certain point of freedom. I actually point, we call that the time freedom point. Not that you don’t want to do anything anymore, but that you have the freedom to decide what do you want to do with your most precious thing, which is time, right. And so if you are more in that group, somewhere between 30 and 40, it’s really kind of the formative times, and I think, doing what I have done way too late, admittedly. If you could do this earlier, if you’re 30 today, by latest, 45, you’re done. You have all the freedom in the world to do what you want ,assuming you’re disciplined and you have a reasonably well-paying job. 

The other group less often is people who have reviewed what they have done with their money in their lifetime, and they are now in their early to mid 50s and say, wait, I see kind of like a time horizon of time left to work. And I don’t really feel that I have done a whole lot of things that give me that independence, that freedom to ever really consciously retire without constantly having to worry, where’s the money going to come from, will Social Security be there, are my stock investments really safe. And that’s the other group. Now, to your point about what is kind of like the lesson, number one, and this is true for anyone, right. It literally doesn’t matter whether it’s group one or group two is that there is this misconception that investing in real estate, really owning houses that you rent or have somebody rent on your behalf to people is only for people who are rich or one percenters or somehow special or so forth. 

I always say if you can see yourself regardless where you are on the continuum of age to accumulate anywhere between like 15 to $25,000. That’s the gate you go through to buy your first property. And every subsequent 15 to $25,000, which if you follow our suggestion, our strategy, it gets easier over time. But every time you can do this in a disciplined way, you have your second, your third, your fourth, your fifth. And it really ultimately depends on if I were to say Eric, when you look at your monthly expenses and costs and the stuff you like to do, how much does that accumulate to, and you might throw the number, right? If I were to literally ask you could you throw the number without going —

Eric: No. I mean, I think I’m somewhere around, I don’t know, for expenses and everything that I have going on, let’s call it 20,000.

Axel: Yeah, exactly. So, if you say 20,000, right, then the question becomes how much of that if maybe even all of it would need to be replaced by passive income so you really have the freedom to choose do I want to continue to do what I’m doing or maybe to half of it or change it a little bit or whatever, right? And so it becomes then a mathematical thing to say, okay, if on average, I’m just making it up, right. If on average a house that I rent pays me after everything is paid 500 bucks a month and I need to get to 20,000, then on first glance that would mean I would have to get 40 houses. Now, that sounds like a massive number. But if you think about it, you wouldn’t tomorrow say oh, let me buy 40 houses. You would buy one maybe this year, one or two next year and so forth. 

And what happens and I could explain in detail why, but in general, the real number would be probably closer to 20. Because over time, right, I mean you would have, and any of your listeners would say if I asked them, okay, have you ever lived in a place where the rent never increased? The answer is no. Everybody has lived, if you stay in a place, even if you switch around, the rent continuously increases. But your cost don’t. Your mortgage remains the same, your property tax pretty much remains the same, and the insurance pretty much remains the same. So, your cost remains the same but the rent increases so that’s why you don’t need 40, you need maybe 20 if you really wanted to get to 20,000. And it might take, in your case, depending on how much you can put aside, anywhere between 12 to 15 years. 

But then you had that income and it would be inflation adjusted. It wouldn’t be your today’s 20,000 or whatever that is worth in 12 to 15 years from now. And I think that’s the important message to answer your original question. If somebody is listening and saying, okay, so how does this apply to me? You may not need 20,000. Like, my number is around 10,000. Other people’s number maybe three, five, 8,000. Whatever the number is, you can actually make it a mathematical calculation to see how many properties over a certain period of time do I need to acquire, how much can I put aside every month and every 15 to 25,000 package I get another one and then it becomes basically a predictable path. And there are more things to it. But in a nutshell, I want to get the message across, it’s not for the rich, the 1%, the born rich, the silver spoon, any of that. It’s for you and me based on how disciplined are we with the money that we’re making and how motivated are we to get to this time freedom point.

Eric: That’s absolutely fantastic. I absolutely love that. Real estate, I mean, I grew up — I read Rich Dad Poor Dad which I’m sure you’re familiar with. That was one of the books that, I don’t want to say changed my life, because to be honest, did I read the whole thing? No. I skimmed the entire thing and I picked the stuff that I liked. And I’ve never been a kind of book guy. I listen to a lot of audiobooks, so do it like that. But I took the premise away and I’ve always liked the author of that book. And it just always stuck in my mind that my way out was going to be out. I say out but I love what I do. My way out of the rat race as they call it in the book is going to be real estate. So, that was always my end goal. So, for someone like me, I own zero properties. I’ve never even owned my own house for myself. My wife and my kids for the reason being of I don’t know where I want to live. I have no idea. And Grant Cardone, you know who Grant Cardone is? 

Axel: I do. 

Eric: So, he always says, live where you own, or I’m sorry, rent where you live, own what — I’m sorry, I’m messing up his thing. Rent where you live, and then own what you rent out. So, that’s his saying. So, I’ve always, it’s kind of, honestly, for the past five years, it’s made me hesitant to do something like that. And we’ve just moved to Florida. And there’s a number of other reasons, but you get what I’m getting at. So, my thing is for someone like me that doesn’t have that, 15 to 25 that sounds amazing. Now, do you help — And here’s the question, I’m sorry, it’s not the Eric show. It’s all about you today. 

Axel: No, that’s cool. 

Eric: Do you have a system in place that can help the people get to 15 to 25 that need to get to 15 to 25 sooner than later? That would be my first question, and I’m sure that there’s a couple other audience members out there, they’re like, oh, yeah, it sounds good, right? So, what’s the quickest way to do that? And how do you help people get to that number that they need to buy their first property to make it easier to get to their second and third?

Axel: Right. So, the first thing I always do is when we first start a new engagement with a client or a new mentorship programming and that, by the way, you can find on the website is to say, okay, what’s your personal balance sheet look like? And what I mean by that, let’s first just really, the very simple thing, and you would be surprised how many people don’t really do this or I haven’t really ever done it to say, okay, how much do I really have coming in, how much do I really have coming out? Is the balance, hopefully, positive? And then where do I have anything that would be considered an asset? Right. Like, do I, for example, work for a company that supports a 401K plan and money goes into some sort of a retirement account? So, that would be a thing. Have you gotten some gifts, are you potentially in line to inherit something? Or, for example, have you, I mean, if you live by Grant Cardone’s thing to rent where you live, then you wouldn’t have equity. 

But let’s say you’re one of the people who at some point bought a house. So, you own where you live, instead of rent where you live, does that house has equity in it that you could use as basically it’s called, you may have heard the term velocity of money, right? So, that equity is sitting in the house, just because, as real estate prices have increased, the house value has increased, but your mortgage is still the same. There are plenty of people out there who bought a house, let’s say, five, six years ago, anywhere $200-250,000. And now it’s $350,000 worth. That $100,000, you can activate that. That would be basically three of those properties. You know, if you add some fees and stuff, then you wouldn’t get 100%, you would maybe get 70 or 80% of that. But if you had $70,000, you could buy three of those $15-20,000 down payment properties and pay all the fees, right? 

Because the thing about it is what you want to learn, and what I’m trying to help people to understand and then actually hold their hand on the journey to get these properties is money is basically in a sense, like fuel, right? And when you think of it like fuel, you want to use it as efficiently as possible. You want to just not go to the gas station, fill up the tank, and then say, okay, well, I run around with 95% of this tank just sitting there never being used. You want to use as much of the tank all the time working for you as if you had little engines that run for you. I always like the analogy to say every property that you ultimately get, and it doesn’t have to start with a house, you can also do smaller things first. But fundamentally, they’re like little engines. In every single one, you put a little fuel in, the little fuel by the way is 20%. The other fuel, 80% comes from the bank. 

So, now you have your $100,000 property. And the people who are actually working in that little engine, are your tenants. And those tenants, basically, they pay the bank back, so you don’t have to, and they pay so much that you even have some money left over, right. And what I find is also captivating for people who are not familiar with it, if you really think about, let’s say you buy a $100,000 property and you put 20,000 in. And that $100,000 property increases in value, not massive, just a reasonable amount, 5%. I know it’s been way crazier than that the last few years. But if you say I’m super modest, 5% so it’s now worth $105,000. Those $5,000 are 100% yours, even though the bank gave you 80% of the money. So, on your 20,000, 5% is a 25% return looking at nothing yet. That’s pretty cool. Where do you get that?

Eric: Yeah, it’s amazing. Let’s do that. Let’s keep doing that.

Axel: Yeah. And so you do that with the first one, the next one. Now the other part about it is when you do this personal balance sheet where we started where you said what do you tell people to get started, it’s also when I mentioned several times already, how important is discipline. One of the things that is actually a good book, you can skim it or just listen to it on your Audible, it’s called The Richest Man of Babylon

Eric: I’m going to write it down right now. 

Axel: Yeah. And so see the richest man of Babylon, it was a very simple formula. He just said, everything that comes in, I take the first 10%, for my journey, to my time freedom point. Now, he didn’t use those terms. But fundamentally, everything. You drive Uber, 10% comes in goes into what I call the accumulation account. You make a salary, 10% first, when it comes in, at the moment, it hits your account, it goes into the accumulation account. If you do that, you will find over time, it’s relatively easy to accumulate this money because money that you never had your paws on, right, little kitty. So, you never had your paws on it, you can spend it, you can go to the mall and all of that, it’s just not there. So, you’re basically living off 90%. Now you can be more strict with yourself. But if you just do that, plus what your normal savings habits are, if there are any, if not, then we help you develop them. But if you just do that, then you will sooner or later, unequivocally get to your first 15 to 20,000. 

And one of the things is this, it’s called pay yourself first. When you make anything like that into a habit, it will fundamentally not become something that you’re missing. Like, I’ll give you an example. I learned that we have so many refined sugars in our diet. And I know that you’re an exercise guide so you’re aware of that. So, I said, okay, what can I do, because I don’t like coffee without any sugar or cappuccino without any sugar and certain other things. So, I want to enjoy certain things just like before, but I don’t want to have the refined sugar in it. And I found something called xylitol. Right? Which is a natural tree bark syrup, but it has no calories. And it tastes the same. It has no aftertaste like [inaudible 00:17:20] and all this other stuff, right? So, that’s what I use. 

So, I’ve basically eliminated sugar out of my diet. But on the other hand, I substituted it with something else, right? But I’m not missing sugar, right? So, I got so used to it and if I want something xylitol happens to also look the same, right? It feels the same, looks the same, tastes the same. Now that’s very rare that you find that. But fundamentally, something that becomes a habit just becomes normal. I don’t even think about xylitol. I’m telling you about it right now. But fundamentally, when I make myself a cup of coffee and put xylitol in, I don’t think about, oh, I’m not using sugar. That’s not happening. 

Eric: Yeah, it’s sugar. it’s sugar in your head.

Axel: For me, it’s sugar, it tastes the way it always tastes, it’s a habit. And the same is true with pay yourself first. If everything in your bank account, everything that is a deposit, you basically set it up that 10% are taken automatically and transferred to your accumulation account, anytime you go and look at your bank account, on your wallet or on your phone or wherever you look at it, or make payments or you use your cards or what have you, it just only has that 90% available. And you can automate a lot of those things and develop those what I would call good money habits. Now, if you happen to be somebody who has made mistakes in the past, like high credit card debt, and high student debt and that stuff, then that would have to be at least to some extent, be cleaned up first. But if you are in a relatively stable place, I believe, especially now that we have seen what is possible during Corona, I believe anybody, if you really wanted to, can live off 90% of what comes in just as you could living off of 100%. Now that’s the one aspect.

The other is like I said, when you do that personal balance sheet you look at what do I already have? And you have to ask yourself, okay, is it really the smartest thing and I love for example, a guy named Garrett Gunderson from the wealth factory, who made an excellent, excellent point really went into detail to say why it’s not really smart to park your money in a retirement plan. Right? And the people always ask you why you delay paying taxes on it. Well, yeah, right. But do you really honestly think when you are 30 years old now, that by the time you’re 59 and a half, assuming that would still be the age, that taxes are same or less than today? Most likely not, right? That’s just in a nutshell why it’s not really as smart as it sounds. So, yes, I might have to pay taxes on the money right now, but then I can make them into all these little engines and these little engines are all inflation protected. Right? 

If for some reason prices go up, guess what? Rents go up. Your cost remains the same. But your prices for yourself when you go in the grocery store go up too. Well, if you make more rent income, your passive income increases. And over time, guess what? The people that work these little engines, in the process of working them, they overtime pay off your mortgage so when you get to your 20,000 a month in 15 years from now, that is also when probably the first property or the first and second property are paid off. Then it’s not just 500 bucks a month that you’re going to get, you get everything, basically. 

Eric: Doubles or whatever. Doubles, yeah. 

Axel: Yeah. If you think about it, you probably own a property like that, get $1,000 or $1,200 rent now, but in 15 years from now, it’s probably more like 2,000 or 2,500. Your mortgage will be done, you pay a little bit of property taxes, a little bit of management, a little bit of insurance, so you’re probably making 1,500 at least in their pocket. So, three times as much as you did when you first started. And again, it’s inflation adjusted because that has become a bigger issue lately. When you go anywhere you see everything is more expensive. But rents get more expensive as well so that always protects you. And the funny thing is when you reach your point or anybody listening reaches their time freedom point number, your 20,000, their 10,000, my 10,000, 5000, whatever it is, when you reach that point, that is basically the minimum point because most of your properties will still have mortgages on it. But as you keep going, now that you have your time freedom, you can do, I don’t know, podcast every day all day long if you’re into that or work out or whatever it might be, right? 

But the thing is, yes you get your 20,000 from that point on. But then year after, it’s probably 22, and then year after, it’s probably 20. It’s not ever going to get less. That is something to wrap our heads around and say, okay, I’m going on a journey that is, depending on how much I’ve determined I need, is going to be anywhere between eight to 12, maximum 15 years long. That’s why I always say the first group of potential clients or best clients or ideal clients, for me would be in your 30s to 40, late 20s to 40, maybe. Because then you can say, okay, even if I’m 40, I’m done at 55 at the very latest. And then I’m making, like Eric I’m making 20 grand, and you’re getting only better from there. Right? 

So, the sooner you start the better it is. And like I said from the get-go I started too late in the sense that I wouldn’t really want to do 15 years anymore. But I’m on the other hand also been pretty aggressive, very lucky with my business and stuff. Because what I described to you is the minimum approach. Now there are people who have more that they could put aside, who already have more equity somewhere in a house, who have already done a 401K for 10 years and have 100,000 sitting in there, and might actually see the light, to say that’s not really smart. Right? This is literally a gas tank full of gas and I’m adding to it, constantly adding, buying more tanks, to in 25 years, maybe start using it for engine.

Eric: This is absolutely amazing because it reminds me of — I just went — That was all excellent information. I hope that everyone listening got the message out of that. So, that was amazing. Thank you for sharing that. And what’s cool is I just kind of went through a very similar thing only it wasn’t for real estate. I had a business opportunity pop up, something for my brand, Royal Reputation and it involved a large sum of money. So, what I did for the last 60 days is I checked my balance sheet, like actually checked it rather than kind of the I’m going to do my checkbook this week. So, I actually took a look at what was coming in, what I had going out, what I could sacrifice in my lifestyle that I could eliminate immediately. And the first thing that comes to mind, and it sounds crazy is going out to dinner with my family. I don’t need to spend $300. three or four nights a week on dinner for all six of us when we have food at home. 

So, I started eliminating that stuff and that number was incredible to add up. I mean that saved me like $4,500 a month just right there alone, not going out to dinner. So, when you really take a look at this and I’m only sharing because I just experienced this, I was able to save up so much money so much quicker. And I was being really strict. So, I mean I was like okay we’re not doing anything, like nothing, like not going out for ice cream, not doing this, not doing that. And I made it. So, I see the power of that. So, if people take that approach, pay yourself first, I think that that is going to get them where they want to go. But if they’re impatient like me, you can really sit there and you can save that money sooner than later to get to that number, 15 to 20 to 25 sooner, like absolutely in like a month or two. Again, depending on income, obviously, right? It depends on how — [crosstalk]

Axel: Yeah. No, totally. And I mean, the funny thing is, oftentimes people ask me, okay, so this is the starting point. So, how does it evolve over time? And I always say there is one little trick, and I’m sure you’re probably tempted. I don’t know you well enough, but I would imagine you could be tempted that the experience of going through this and say, okay. I go to the store, and I buy a gallon of ice cream, and then bring the family out on the patio and we all have ice cream together. It just happens to cost five bucks instead of 30 bucks or 50 bucks or whatever at the parlor. That experience, how much you can do without necessarily sacrificing the experience of having ice cream or having, you barbeque something together with the family. I’m sure the experience is similarly gratifying than sitting there and have somebody else serve you. The problem, problem not really. 

But the risk is and I’ve actually said this many times when people bought their first property. It’s awesome because it feels almost like a confirmation that you’re doing something right. The second property is to say this is a confirmation that the system works. And as soon as you get to the third one, you’re an addict. You want to save even more, put everything and nothing anymore. Can I cut down on my insurance? Do I really have to drive? Do I really need a car? And getting to the point to say, hey, man, I got you into this thing, but don’t overdo it, right? You don’t have to become a nomad or something like that. [crosstalk] 

Eric: I know, right? 

Axel: Because when you ever taste it, what’s possible, if you are frugal, it can become an addiction. And I always encourage people to say the aim is not to basically ruin the joy of life. The aim is to find reasonable replacements, where you don’t have to pay for service when you can do it yourself and have a similarly good experience, just like I said, with my xylitol versus refined sugar, or you’re getting a gallon of ice cream and eating it in the in the backyard with a family versus going to dinner or whatever, maybe. So that you can still have the joy, but financially be smart. Right? And ultimately, that smartness allows you to be somebody. And I always make it a point. It’s not just investing. It’s actually when you really think about this is, for me, the important thing. That’s why the choice of who you’re working with is so important is to say, yes, it’s called investing. 

But what it really is, is provide younger families who want to have a nice three bedroom, two bath house with a garage and a little garden, a nice, very renovated, freshly made place to live at a reasonable price. If you go to the fundamentals of life that smart people like Maslow, you may have heard about the hierarchy of needs, the very bottom foundation that he says is safety, food and shelter. Those three things are what you need before you can even think about anything else. Well, why not you and me and anybody listening become part of providing shelter at a reasonable price and good quality? 

Eric: Exactly. 

Axel: And then there is also no — nothing. I don’t know why some people say landlords are evil or stuff like that. If you provide somebody a nice, clean, well-functioning place to live, like a $100,000 house and you ask them, or a $150,000 house and you say anywhere between a $1,000 and $1,500 rent for a single family house, I think that’s very reasonable.

Eric: I agree. And if you’re a good person too, like, you’re not going to — There’s a difference between good people and bad people. There’s good landlords and there’s bad landlords, you know what I mean? I love the landlords that I have this very second. I think that they’re, like I said, we’re renting. So, like, they’re some of the nicest people I’ve ever met in my entire life. So, I like that you can, like what you’re saying is basically you can feel good about the money you’re making. You can feel good about the life that you’re building because you’re help building other life as well. You’re help making people have homes, like you really are. Like me, I don’t own a house, but this is my home. This is where my daughter who’s nine months old is growing up right now. So, I think I really like that. It’s like a feel good story. You can feel really, really, really good about what you’re doing.

Axel: And I mean, if I may add, there’s one other part of that that should be considered, right? And this happens, oftentimes, it’s not just in this space of investing or landlords or stuff like that. Somebody puts out a label or a statement or a claim and we have gotten a little bit too comfortable to just accept it. If you just then step back and say well, can this really be? Think about the millions and millions and millions of people who live for rent just like you said, and which is applicable to you. If all the people who provide space for rent, whether it’s apartments or single family homes or duplex, triplex, whatever it may be, if they were all as evil as sometimes the label for landlords would be, why would people still be even willing to rent, right? If you knew you’re going into something really bad, so what I have, and you’ll find this on the website. I wrote what I call the mindset manual because it really has to do with what’s the mindset. And I would claim not just because I am part of that group of people, the vast, vast, vast majority of landlords’ mindset is provide a good quality product for a fair price. 

Now, the bad apples that we are always and this is not just in investing and landlording, it’s pretty much become common. It is so much easier for the media to point something out that is a really horrible story or horrific story or catastrophe or stuff, because that gets clicks and eyeballs and stuff like that. And the 99.9% of good stuff are not being reported. Right? Or very rarely reported. And for me, that also applies in investing or in landlording is that the 99.9% of reasonably good landlords who don’t try to squeeze their tenants and crank up the rent without providing maintenance and stuff like that, that’s a tiny, tiny fraction, but they get all the attention. Right? And so I think if you know, in your mindset, I want to provide a good product, a good place to live, I pay my property managers reasonably and I have a good relationship with them to look after the tenants if anything is in need. I’m not negotiating over a $100 bill to fix a faucet or a toilet or something like that. I just pay because it’s part of the deal. And it’s calculated in any way, then you’re part of the 99.9% to actually do a good job providing a good service that is really needed, because it’s a basis of successful living is food, shelter and safety.

Eric: Exactly. And you’re another good person. And again, you can, if that’s your retirement plan to live a free lifestyle, then you can feel happy about that, while you’re living your lifestyle, and while you’re living free, you can feel really, really good about yourself because you’re doing that and where the money is going. 

Axel: Yeah, exactly. And I mean, rarely where we have — I can’t imagine a future where people get born and immediately make enough money to buy a place. 

Eric: Yeah, exactly.

Axel: There will always be an evolution as we grow up, as we get more mature, as we get better jobs and more income where we first typically have to rent before we can own. And there’s nothing wrong with that. And to be kind of like the bridge or the conduit for that part of life, where you just form a family, you get your first kid and you say, I don’t want to live in an apartment, I’d like a little house and I pay $1,200 a month or 13, or whatever the number is right now. I think this is just be part of society. But your mindset is important in that you want to, and you need to and this is why I recommend for people to download, it doesn’t cost anything, is to say get yourself in a creative mindset where you are creating your future. And in parallel, you’re creating the future for other people.

Eric: Absolutely. No, absolutely. Axel, I love it. I love the message. I love what you’re doing. I think it’s absolutely amazing. This has been one of the coolest podcasts that I’ve done because it’s such an interesting thing. I could literally talk to you for hours. Everyone that’s listening, this is Axel Meierhoefer. You can find him at IdealWealthGrower.com. Go there. He mentioned a few things that you can find. Axel, what could they find on your site you said that they can download, it’s no charge? I forgot what you call that. I apologize. 

Axel: Yeah. So, the first thing is the mindset manual, which helps you to find out do you see yourself as a victim? Or do you already see yourself as a creator? If you are more on the victim side, how can you get to become more of a creator of your own future? The second thing is you can sign up for our newsletter. And you can also, if you want to talk to me, there’s a little button to set up a call. And then we can chat and see if I can help you.

Eric: Amazing. Axel, thank you so much for being here. I really appreciate it.

Axel: Yeah, absolutely. Thank you, Eric.

Eric: Awesome. All right.

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