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Your Time Freedom Point: Build Passive Wealth and Retire Early with Axel Meierhoefer

Updated: Mar 15, 2022


Host Liam Leonard is excited to present this episode on The Prosperity Perspective Podcast because today's guest, Axel Meierhoefer, has had a journey that "will highlight a lot of questions you may have with your growth" (Liam Leonard). Gain insight into identifying healthy passive income generators and how to pinpoint your "time freedom" number. Axel's ready to help you make a plan that will provide not only financial freedom, but personal power as well!


3 Key Takeaways:

  • The reasons to consider residential versus turn-key investment

  • Why good balance is more important than the 1% increase factor

  • Axel's time freedom analogy of fractals


Listen to the Full Episode:



Show Notes:


[0:30] Axel introduces himself

  • Flying for the German Air Force

  • Becoming successful

[1:45] Where Axel invested his income when the business became more stable

  • Deciding that he didn't want to do the stock market

    • Should we rent something or should we buy something?

  • Researching real estate investment in 2008/2009

  • The stock market crash created a lot of opportunities

[5:30] What was the first property he bought and why?

  • An apartment in the center of town

    • Highly demanded, a reasonably low price

  • Doing a big project for marketing employees in the meantime

    • Flying back and forth from Pennsylvania to train over 10,000 employees

[8:50] Looking back: learning that you really want to have cash flow

[9:35] Time freedom and passive income

  • Where Axel is today

  • Why he started the consulting business

  • Realizing that the repetitive activity didn't allow for him to make an impact

  • "Passing your time freedom point really means you have the freedom to make choices." -Axel Meierhoefer

  • His real estate investment as a passion project instead of an income source

[12:20] Axel's Mindset Manual

  • Recognizing a lot of victimhood in those that approach him for help

  • His video series as a way to make more of a creative mindset

[14:05] One component that Axel didn't anticipate

  • "It's not just the freedom to make those choices. It's also putting me into a different state of power." -Axel Meierhoefer

    • If you're dependent on the financial aspect of a transaction, the power is not so clearly identified

    • Axel's power and freedom to say no

[16:33] "When people know that you have the choice to say yes or no, and you say yes, it somehow releases gratitude." -Axel Meierhoefer

  • It's a different engagement and relationship that's immediately connected to impact

[18:25] The Fourth Turning by William Strauss

  • Principles for Dealing with the Changing World Order by Ray Dalio

    • The world operates in cycles but things don't last forever

  • "What we're doing by helping them to invest in real assets is gratifying because it gives them a legacy and a portfolio that has longevity." -Axel Meierhoefer

[20:45] Axel's main strategy for generating income in order to get to a time freedom point

  • It's like a fractal

"It's not about price. It's all about performance." -Axel Meierhoefer

  • Why out of state residential?

    • The government favors toward residential investors

  • Why turn-key?

    • If you want to invest in real estate but have no time to flip/manage the place

    • They find the ugly duckling in a good neighborhood, renovate it, put an appraised price tag on it, and then manage it for you once you've bought it

[25:00] It doesn't have to be in the US; it can be a vacation rental!

  • Breaking down the fractals

  • "It's a matter of how much does each property generate at the end of the month and how many of those do I need to get to my number?" -Axel Meierhoefer

[26:35] What is Axel's performance rule?

  • He used to follow the 1% rule strictly

  • He has now discovered that things need to be in balance with each other

  • Improving the value of a place the right way

  • You're in a good place to own property right now

    • Axel is optimistic that cash flow will increase to how it was three to four years ago

[31:10] Axel's advice for those starting a journey toward a time freedom point

1) Look at what you currently have your money invested in and identify its volatility

2) If you recognize this and take into consideration how much time you'd give yourself in the case of a massive loss

  • Take all of the good things you did and put it into something more value and long-term oriented

  • "What can I do to be as passive as possible and secure the fruit of my previous labor?" -Axel Meierhoefer


About Axel Meierhoefer:

As a retired Air Force officer, Axel started his first company in 2005, focusing on consulting, employee skill development, and program management. These areas remain in place and have grown internationally.

Axel began to think about applying profits towards retirement as a business owner, and research indicated that owning tangible assets would be the best way - which led him to develop a residential real estate portfolio worth $1.5 Million. His goal: Is for professionals or investors to reach their time freedom point, that would generate wealth for the next generation.

Axel is the host of The IDEAL Investor Show. He enjoys speaking with people. He is passionate about gardening and Tesla. He is dearly loved by his wife and daughter who support his mad ideas.



Connect with Axel Meierhoefer:

Mindset Manual (Start goal-setting the right way!) https://bit.ly/FREEmindsetmanual

Hesitant to make the first step? Let's have a call- it's free!

The Fourth Turning by William Strauss



Connect with The Prosperity Perspective Podcast:


 
 
 

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