- #Mr money moustache shockingly simple math how to#
- #Mr money moustache shockingly simple math full#
- #Mr money moustache shockingly simple math tv#
#Mr money moustache shockingly simple math how to#
What a lot of people on this board don't seem to get is that some people hate ANYONE telling them how to use their time, what to do, when to do it, meetings that are boring and waste time, etc. Maybe his parents forced him down a certain path? I never have seen any explanation of this. It's hard to imagine why someone would choose a career they apparently hate so much that all they can think about from day one is how to get out. You can find videos on Youtube that people make about investing in lower costs areas.įor me it was invest where I make money, but live where I wanted.Not always the same towns.Įxactly. I'm sure others check their stock portfolios or move things around, so that is working too I guess. I like to check my bank accounts to make sure deposits go in. Some people will say I'm not retired because I work the 4 hours per month. I only spend about 4 hours a month managing my property manager.
Some people like me just eat, go to the gym, just hang out on the internet. I agree on your definition of retirement. The third guy I think is hanging out in the phillipines just relaxing.
#Mr money moustache shockingly simple math full#
She was able to get a part time job doing what she used to do but at more money than full time. She was a home body and doesn't like to travel or anything. After almost 2 years of living off rentals she got bored. Last I texted him he was in a Thailand airport and decided to go to Viet Nam until he got bored. Most of the year he just travels, mostly on a whim. He makes very little on it, but his network is so extensive that he comes up on opportunities many will not know about. It was hard work, he had some funny stories about what not to do and he lives super frugal, but I predict by 30 he will be pretty well off.įull disclosure the bank auditor now puts up a yearly convention for 2 days and invites people he is networked with to come speak on real estate. He has enough successful projects that people will finance him 100% on any project and they split profits. He just quit his full time job to do just real estate. I met a guy 23 years old who grew up poor and has 4 kids.
#Mr money moustache shockingly simple math tv#
Many find it's not as easy or glamorous as those TV house flipping shows. Out of them 80% are first timers whi never show up again. I go to a real estate meet up where there is 50 to 100 people each month. But the people I've met love the business with a passion. I don't think any got inheritances, just value added by fixing up places. He used his knowledge and connections to get a 25% stake in any house they got together while they put up all the money to buy and rehab. After a while he did well so others asked to invest with him. The third became friends with her and bought on his own and paid her to manage rehabs and property manage. She lives pretty frugally so she can throw a lot of savings toward houses too. She has done things like raised money on lending tree to buy houses, very creative. She has workers she hires out to do rehabs and acts as GC. She had 16 houses last time I talked to her. She was buying in the $25 to $35K and fixing them up and getting about 600 to 900 in rent. They would do forced equity on the properties.Īnother went in with her cousin but got stuck with the properties when the cousin bailed and wound up working on them herself or hiring work as needed to rehab while working full time. People that had money, but not the time or expertise to do it on their own. He also learned to network at real estate gatherings, analyze deals and found partners to put up the cash for down payments and rehabs while he did the work and management. One house hacked, got great financing as owner occupied and fixed up and raised rents.
Another one was bank auditor where he and a few others would go in and audit banks to see that they were operating legally and not breaking rules. I honestly don't know what they were making. No second career, no part- time, no consulting, no 'on call.') (Also, my definition of retirement means life of leisure, your time is totally your own - no working for money - period. So I just like to hear details of how people did it. But I also never loved off of 30-40% of my gross just to save more, save more save more, either) (and for the last ten years I've made close to six figures, and saved a decent amount. I just never felt I had the capital to get a second house. So I don't think it's as easy as some people make it out to be. I'm just always curious how other singles, buy multiple homes. I'm single, no kids, lived in the DC area, in an apartment and then a home. (saved money, took equity from the first house to buy the second?)ģ) did they get any gifts or inheritancesĤ) How much were these homes? did the people put in any sweat equity, doing work on the homes themselves? 2) after they bought their first home - how they paid for their subsequent homes?
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