Last week, Rob offered a “Bathtub Analogy” detailing retirement investment ideas. What about retirement expenses that drain your money? This week, Rob explains five money drains that can eat away at your retirement savings and investments:

1. Ignorance
2. Taxes (Tax Drag)
3. Cost of Living (Lifestyle)
4. Compound Investment Costs (Fee Drag)
5. Inflation

Can you think of more money drains? How can you avoid (legally!) these drains on your wealth?

Retirement expenses may eat up your investment savings!Retirement Expenses Explained


When we discuss money draining retirement expenses, there are none more basic than ignorance. If you don’t do your homework before investing in that “sure thing”, you have no excuses.


Rob quipped that “tax drag” was the main deterrent to long term wealth growth. When he said “tax drag” what did he mean? Every quarter, you need to review your finances with your CPA. Taxes may not seem urgent, but they will sneak up on you at the end of the year. Consult with a professional regularly to construct a tax strategy that will save your business considerably. A second opinion couldn’t hurt so you don’t end up making disastrous choices that eat into your investment earnings. In fact, you may have outgrown your advisor!

Cost of Living

Out of all of the retirement expenses, your cost of living could be the most uncomfortable topic. It may seem like a no brainer when we say you have to live within your means. You must draw the line where you know the number you need to live comfortably, but you don’t compromise your values. We all work hard, and deserve some creature comforts, but overspending today is a sneaky habit that can hurt our lifestyle in the long run.

Compound Investment Costs

Keep an eye on your Compound Investment Costs, or “fee drag”. These include the fees which you pay your advisors. When you make a lot of financial changes, the middle men and women always get their cut. Consider that when you are mulling your next investment move!


Here’s a hot topic in the world of retirement expenses. As of this writing, inflation is climbing. The costs of goods and services are up in every industry. This may not be the biggest expense on the list, but you need to keep an eye on the markets to know where they are going and how you can benefit.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business.

It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

Most of us resist setbacks and struggles, but both are crucial to our growth. In fact, the most successful investors respond to failure with resilience. These investors pick themselves up, dust themselves off, and then take the next step of uncomfortable action toward their dreams of financial freedom.

Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset where you need to take action, grow through the challenges, and achieve financial freedom as a multifamily investor!

Key Takeaways

Rob’s struggle with addiction

  • Hooked on both meth and crack cocaine
  • Homeless and unemployable

What inspired Rob’s decision to change

  • Realized he was on the path to death or prison
  • Pain to stay the same was greater than the pain to change

How Rob got back into society

  • Choose new people, places, and things
  • Willing to take uncomfortable action

Why aspiring investors don’t take action

  • Biggest hurdle is equal to previous successes
  • They lack a big enough WHY

How Rob uses visualization to reach his goals

  • Write out your goals as if they are already accomplished
  • Read over in order to instill yearning and belief

The traits of a successful entrepreneur

  • Builds momentum via stacked action
  • Willing to act despite uncertainty
  • Grow through catastrophic failure

How Rob used knowledge in order to build momentum

  • Ziglar taught potential to succeed
  • Saved so he could buy Carleton Sheets course

How Rob got into real estate

  • Bought auto repair shops with no money down
  • Used hard money for first few SFHs

How Rob grew a 1K-unit multifamily portfolio

  • Start with SFH buy-and-hold strategy
  • Flip SFHs into small multifamily
  • Reinvest profits in larger multifamily

About “Financial Freedom with Real Estate Investing” Podcast

The Financial Freedom with Real Estate Investing podcast is all about how you can achieve financial independence and control your time through apartment building investing. Each week, hosts Michael Blank and Garrett Lynch interview experts who share how you can get started with investing in multifamily real estate even if you don’t have previous real estate experience or cash of your own to invest. You’ll hear from experts like Grant Cardone, Robert Kiyosaki, Ken McElroy, Robert Helms, Brandon Turner and Hal Elrod about developing the right mindset and scaling your portfolios. You’ll also hear from dozens of people who share how they have been able to quit their jobs with multifamily real estate. Whether you’re just getting started or want to scale your syndication business, this is the show for you!

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical wealth strategies tip where Rob asks imparts additional financial suggestions:

Practical Wealth Strategies

Practical Wealth Strategies

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical wealth strategies tip where Rob asks what is your “Annual Cost of Freedom”:

Annual Cost of Freedom

Annual Cost of Freedom

This short video clip is taken from Rob’s “Implementation Rediscovered” webinar. Watch below for a practical wealth strategies tip where Rob asks “What Are Your Goals?”:

What Are Your Goals?

What Are Your Goals?


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