Del Walmsley teaches a concept to simplify and focus your efforts on retiring yourself with passive income-producing real estate. He calls it chunking .

Definition of Wealth

It starts with the basic concept of wealth as defined by Robert Kiyosaki in his famous book, Rich Dad, Poor Dad. Kiyosaki defines wealth not by how much money you have in the bank, but by how much passive income you have coming into your life each month from your investments.

When you have enough passive income to cover all your bills, youre financially independent.

Simple Enough, but How do I Start?

Covering all your bills can seem daunting at first. If your monthly expenses are $3,000 a month, getting $3,000 a month in passive income might seem hard to do.

Dels chunking concept helps you to get past this mental roadblock. Heres a quote from one of his radio shows:

I bought these houses for 50 cents on the dollar, and they were making (after $220 each positive cashflow) $880 a month… and I thought to myself at time, I was young, I thought wow, I just increased my net income by $880 a month… and because of depreciation, there’s no income taxes, social security taxes, or medicare taxes.

So there I was, $880 a month better off. I thought about that for a second, I thought, “Wow, that covers my house note completely… and I thought, and I came up with this concept at that time, called “Chunking”.

I thought, you know what I’m going to do, I’m going to buy another house to pay my electric bill. I’m going to buy another house to pay my electric and gas bill, I’m going to buy another house to pay my car payment… and then I’m going to have no bills.

…and sure enough my friends. In no time at all, I had amassed enough passive streams of income to pay all of my bills… and essentially, I was financially free.

Chunks are More Digestible

The concept is to look at your bills in terms of smaller, more digestible chunks. If $3,000 seems too big to handle, what is a more reasonable amount?

How about your car payment? If you are paying $220 a month on a car note, simply go out in the next few months and buy a single family rental home that pays you $220 a month.

Just like that, youve wiped out your car payment. Then, its on to the next chunk.

How about your utilities? If your tv, cell phone, internet, electric, and gas are $500 a month; all you need to do is find 2 rental houses that each cashflow $250 a month.

Just Worry About the Next Turn

Keep your focus on the next step. If you were to drive from San Francisco to New York, you wouldnt keep your eyes on a telescope pointed at the Empire State Building. Youd keep focus on the road 50 yards ahead. As long as you had the right map, it wouldnt matter that you couldnt see New York with your own eyes.

Caution: This only works when you have the right map. If you have the wrong map and youre only looking ahead to the next turn, youre just going to drive in circles. Take some time to get the right map by finding a mentor that has accomplished what you want to accomplish and imitate them. Find an investor group in your area by checking the National REIA website or attend one of our free investor workshops .

Change Your Thought Process

Heres another concept that Kiyosaki taught us in Rich Dad, Poor Dad:

If you want something in your life, such as a new car or a vacation; dont ask yourself, how can I possibly afford this?, ask yourself how can I acquire an asset that will pay for this.

If you want a higher standard of living, the challenge becomes acquiring enough passive-income producing real estate investments to pay for it.

Simple, Yet Effective

Have you noticed how much simpler this way of thinking is? Its almost so simple that a smart person might dismiss it.

I have this theory about smart people and wealth:

Smart people have a hard time becoming wealthy because they cant get past their own logic systems. Theyre too smart to see the simple answer. Its not that smart people cant get rich, but I would suggest that they do so after checking their egos and learning a few things from someone who is already wealthy.

You dont need a spreadsheet and a 200 page business plan to retire yourself. Just get the right map and take the first step.

Now is the Time

Right now, the real estate market is as good as its been for investors in 30 years. Dont miss this opportunity to create wealth for yourself and your family. Get with an investor group to learn from a mentor. Go to the National REIA website to find a local investor group or attend one of our free investor workshops .