(light music)
- Hello everyone and welcome to
a very special episode
of Coffee with Carl,
I'm your host Carl Zoellner,
I am one of the attorneys with
Andersen Business Advisors
and I wanted to use one of these episodes
to talk a little bit of
about a paradigm shift,
and something interesting we offer
as one of our classes here
at Andersen called infinity investing.
I'm not gonna go until
once again not gonna go
you know real granular
with all the details here,
but I think it's something
I've taken a lot of
personal benefit out of,
and I wanted to take
opportunity to make sure
I talk to the folks that
watch Coffee with Carl,
and talk to them a little bit about it
so that we sort of look
at future planning here.
Now for those of you like
myself who do investments
we're taught when we start
looking at net worth to consider
all of our assets when we
figure that number out.
Infinity investing teaches us
to look differently at the things we own.
So for instance if I'm figuring
net worth for most people
will actually take the value
of your say residence, right?
Well, most of us out there are gonna have
mortgages on those residents.
So what infinity investing teaches us is
if it's costing us money you
know monthly or annual basis
then it's actually an
expense or a liability
versus something that benefits us.
So as industry teaches us things
we own actually have value
and we're relying on things like equity.
Infinity investing teaches
us to look at expenses
versus income with those
very strict definitions.
Meaning if it pays you, it feeds you,
if it's an expense that requires
money it's bleeding you.
So when we start looking
at that infinity income
what we're looking at is generating income
from passive sources.
So when we talk about
passive sources of income
this is how all the
rich people in the world
invest most of their money,
or build things that
generate this type of income.
It's rent, royalties, dividends
and other types of passive income
that may fall under those categories.
Now when we talk about that,
so when we start figuring that number
when we talk about infinity investing
we start looking at how many
passive investments we need
to float us to that average cost
of the number it costs us to live.
So when I first figured it,
when I took the infinity investing class
its my monthly number was I needed $4,700
in passive investments
paying me $4,700 a month
before it's no longer
required for me to work.
If my passive income is generating
less than $4,700 a month
then I haven't hit infinity,
once my investments have
reached that $4,700 a month
that means I could be living the life
I'm currently living now except
work now becomes an option,
meaning my investments are paying
for my average daily living.
So many of us out there
actually do make good money,
but we're not investing in
the right types of assets,
or in the right places in order to offset
what we need from an active business
by passive investments.
Infinity teaches us to focus on investing
in those different types of investments,
so that we can build that infinity income
to a place where we're at an even point
where it doesn't matter
if we say have a W-2 job and lose it.
So by gaining that focus we gain a roadmap
to teach us how to get
to financial independence
as well as once we've
hit that infinity number
now every investment we
pick up now it's just gravy.
Now once we've hit that infinity number
and we're building up,
we start to be able to recognize that
we can start picking
up some of those wants
we wanna pick up.
So you know that new truck I'm eyeballing,
I'll need to pick up you know
a few infinity investments,
or a few passive income
generating investments
in order to pay for that truck,
but once I do it pays for itself,
and I don't have to worry about
well what if my income dips
or I have you know peaks
and valleys in my income,
my passive investments are
taking care of that for me.
So like I said this today
was kind of a special episode
of Coffee with Carl
because I get to talk about
another thing that's sort
of near and dear to my heart
as I went to the class and
found it incredibly valuable,
and I know my infinity
number is getting closer
and closer every single day.
So it's an exciting place for
myself and my wife to be at
and I wanted to share something that
we don't really talk about
all that much but we do offer
and I think there's incredible value there
to attending that class.
I tend to go to most of those,
so if you wanna ever come meet me
I'll see you in person there.
Most of the other classes we teach,
but for now thanks for joining me
again for another Coffee with Carl,
and I look forward to
catching y'all next episode.
As always if you want more
information and you're client
you know how to get ahold of us,
if you're not yet a client I
encourage you to call us soon
and have your initial consult,
or certainly attend one of our classes.
Always love seeing new faces,
and always making the family bigger.
Thanks catch you on the next episode.
(light music)
