Today, I am going to talk about how to become a real estate agent. There are two most important things that a person needs in life: financial freedom and enough time to spend with family. These two elements are crucial for a fulfilling life.
Understanding Financial Freedom
In the job market, when we are employed, we provide our services to the company. However, when we stop working, the money also stops coming in. The 9-to-5 job is proportional to the money we get, meaning if we stop working, the money will also stop. But what if we had a job where even if we stopped working, the money would keep coming in? This is what is called passive income, and it is the most lucrative type of income, leading to financial freedom.
The Benefits of Financial Freedom
With financial freedom, you will have more quality time to spend with your family and friends. You can also work on other projects you like. This is the best part of real estate marketing—becoming a real estate agent allows you to earn passive income. The great thing about being a real estate agent is that it can be done part-time, meaning you don’t have to leave your main job. Isn’t that awesome? But to achieve this, there is a way. Curious to find out how?
Achieving Passive Income
Most real estate businesses focus on making money by selling plots and working within the brokerage system. However, to achieve passive income, you need to become a real estate agent with your own network. Building connections helps create a platform that works for you, even if you are not actively working. This approach can lead to financial freedom. But there’s still more to it. Keep reading to find out how!
Financial Needs and Future Planning
Nowadays, earning just about ₹20,000 to ₹25,000 per month is only enough to cover basic needs. To live a quality life, provide proper education for your children, and enjoy all the amenities, earning ₹25,000 is not enough. For example, for a child’s graduation, you need at least ₹5 lakh, for marriage another ₹5 lakh, for a car ₹5 lakh, and for building a house ₹15 lakh. In total, you need around ₹30 lakh in liquidity to be prepared for any financial challenges.
Looking ahead to 2044, you will need to add another zero to these amounts. To maintain a basic standard of living, you will need to earn at least ₹2,50,000 per month. This amount covers only the essentials and does not account for achieving financial independence. Therefore, it is essential to make a decision now to secure your future and become your own boss. With financial independence, you can manage your own time and avoid workplace politics.
Multiple Sources of Income
We cannot solely depend on our basic job or salary. We need to have multiple sources of income. Even if one source shuts down, another can keep us afloat. Real estate is an effective business that provides financial freedom and a better quality of life.
Training and Development
Becoming a real estate agent is not just about getting a license. Once you join a reputable company, they will provide you with the necessary training to excel in the field. This includes seminars and leadership development programs that will help you understand the intricacies of real estate effectively.
Choosing the Right Company
It’s crucial to find a company that operates with integrity and has a proper system in place to avoid disputes, such as selling the same property to multiple customers. Many companies focus solely on profit, but the best ones provide solutions that ensure no future disputes.
Finding a company with good standard operating procedures and a family-like environment is essential. The owner of the real estate company plays a significant role in its success. If the company is public, it has more resources and reduces the chances of failure.
Few companies match the standard operating procedures of real estate and government rules. The best companies pay taxes and work efficiently. If you want to become a real estate agent, join us on our WhatsApp group “Real Estate Success Hub“. We will guide you and help you understand how the real estate system works and how to become a successful real estate agent.
