One of the most talked about assets of having a 9 to 5 job is having a 401K retirement plan in the benefits package of the company you work for. However, what if you were told that there is a better way to save towards your retirement?
Clayton Morris deeply believed in the 9 to 5 job scheme when he was younger. When he was a kid, his dad lost his job. Being a one-income family, this put a strain on their family and scared him very much as a kid. Once he was older working a 9 to 5 job himself, he was always worried about potentially losing his job, for any reason (financial crisis, change in contracts, or otherwise).
Back then, he was working for a major television network as a news anchor. He was making a lot of money and working towards 401K retirement. However, he continued to worry about potentially losing his job and thus, losing everything.
Clayton then decided to quit his job and dedicate himself full time to rental real estate. He now runs a real estate investing education company called Morris Invest, which helps people buy rental real estate and build long term passive income.
What motivated Clayton to get involved was realizing the misinformation coming from Wall Street about retirement planning. Clayton says he noticed that “most Americans” were being lied to regarding the way to build wealth and plan for retirement.
For Clayton, it never made sense to invest in paper assets (such as stocks) but rather to invest in real tangible assets like real estate. Especially after reading Robert Kiyosaki’s book “Rich Dad, Poor Dad”, which shattered the way Clayton thought about performing assets and reducing liabilities in order to build wealth.
Throughout the process of starting his business, Clayton says the biggest challenge when was himself, and that applies to everyone. He says, “you come up with an idea you’re passionate about, get started, and then talk yourself out of it and quit.” This cycle is difficult to break, but if people persevere towards breaking it, they can have success, which for Clayton means being happy and doing meaningful work. In order to break this cycle, it is important to have the right mindset.
Clayton also advises to work on things that “actually move the needle everyday.” Once you have an objective, set three daily goals that when completed move you steps closer to success. While doing this, it is important to tackle fear.
It is precisely by focusing on real challenges that Clayton’s business differentiates itself from its competition. They spend many hours getting to know their clients in order to build a long term relationship. This type of relationship has to be nurtured, which is why Clayton says that, even though their competitors move faster and they could be making a lot more money if they went faster, they don’t do it in order to avoid making mistakes.”
Morris Invest’s next projects include building a content machine to help people make informed decisions about their financial future. Clayton wants to create content on as many platforms as possible; YouTube, Facebook, Twitter, Instagram.