Teaching Kids About Passive Income
As a mom and a real estate professional with over 15 years of experience, I'm passionate about both my family and helping clients achieve their real estate goals. Sometimes, the most rewarding lessons about real estate come from the people closest to you, as you'll see in this short video
We've been teaching our kids about the power of real estate investing in a fun and interactive way. Whenever we get a rental property ready for tenants, we offer our kids a deal: instead of immediate payment for helping clean and prepare the house, they get a share of the monthly rent! This way, they learn the concept of passive income – earning money from a property over time.
My middle son has been a real trooper, helping out with several rentals now. He gets a monthly income from those properties, and it's been a joy to see him understand the value of hard work and the rewards of real estate investing.
But the other day, something truly heartwarming happened. My youngest son, who's just seven years old, came up to me with a sparkle in his eyes. He asked, "Mom, next time we have a house to clean, can I help too? I want money in my bank account every month!"
That moment filled me with immense pride. It showed me that even at a young age, he's grasping the concept of real estate and the potential for long-term financial benefits.
Building a Brighter Future, One Rental at a Time
While this is a lighthearted story, it highlights a deeper truth – real estate investing can offer incredible opportunities to build wealth and secure a brighter future. Whether you're just starting out or looking to expand your portfolio, I'm here to guide you through every step of the process.
