Hello Reader,

I remember the first time someone explained a promissory note to me.

My first thought was why didn't anybody tell me about this sooner?

Because while most people are handing their money to Wall Street and hoping for the best, note investors are doing something completely different. They are becoming the bank.

This week I am breaking down why I will take notes over Wall Street any day of the week.

Notes Concept🧠

In simple terms a promissory note is a written contract to repay a debt.

One person borrows money and agrees to pay it back with interest over a set period of time.

A promissory note has a few key pieces:

• Principal — The amount the borrower originally borrowed and still owes you
• Interest Rate — What the borrower pays you to use your money
• Term — How long the borrower has to pay the note back. Could be 5 years, 10 years, 20 years.
• Monthly Payment — The fixed amount that lands in your account every single month, principal plus interest combined.
• Collateral — The real estate securing the note. If the borrower stops paying, this is what protects your investment.

Everything is defined upfront. No guessing. No hoping the market cooperates.

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You know exactly what you are getting into before you wire the money.

Real World Experience💰

Brian sells his house to a buyer who cannot qualify for a traditional bank loan.

Instead of walking away from the deal, Brian acts as the bank himself.

He draws up a promissory note. Here is what it looks like:

Both sign it and the deal is done.

And if the buyer ever stops paying, Brian has the property as collateral. He is protected either way.

That is a promissory note working exactly the way it is supposed to.

Mindset Shift 🔄

Most people think they need to be rich to replace their income because Wall Street has convinced us that financial freedom is only for people who saved perfectly for 40 years.

But look at what the math actually says.

Most people will spend 40 years chasing a number they may never reach. That depends on the market.

Note investors spend 5 to 10 years building a system that pays them whether they work or not.

One is a finish line that keeps moving. The other one is a machine you build and keeps running.

Reply to this email, and I'll show you how you can start replacing your income.

To your success,

Sierra Davis

P.S. If you don't want to wait 40 years to retire, I partnered with a financial education company that can help you figure out your actual freedom day and build a real plan to get there. Not someday. A specific date. Book a free strategy session here: Meet with a Wealth Coach​

This is for educational and informational purposes only. Nothing contained here constitutes financial, legal, investment, or tax advice. All investing involves risk, including the possible loss of principal. Individual results will vary. Please consult a licensed financial advisor, attorney, or tax professional before making any investment decisions. Some links in this email may be affiliate links. If you sign up through my link, I may receive a commission at no additional cost to you.