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This month my wife and I achieved millionaire net worth status. We did this at 34 and 35 years old with two kids.
I am the only one that works, and my wife stays home and manages the household.
In 2016, I left my corporate job to pursue a career in real estate. Had no idea what I was doing but I had a strong desire to learn and take a risk.
It is no secret that our net worth took off because we found ways to buy property every single year since 2016.
You can’t buy property without money though. But the secrets I discovered was that we didn’t need a lot of money to get started and we utilized low down payment strategies to get our foot in the door.
I also realized that a salary will NEVER get me to the result I was seeking. I needed to be in sales and earning money directly related to the activities I was doing, with no cap on those earnings.
The combination of sales mixed with buying 1 income producing property every year is the blue print to success.
Sales fuels investments.
Sales are short term gains, investments are long term wealth building tools.
My advice:
1) get a sales job and become a subject matter expert.
2) Have one spouse maintain a W2 job while you become a subject matter expert to help you qualify for loans
3) buy income producing property with low down payment strategies
4) once your sales pick up, reinvest that money into more property
5) have your spouse leave their job to assist in your sales business or run the household
6) continue to sell and buy property until you don’t have to put so much focus on selling because your investments have gained in value and provide you with income.
Dedicate 10 years for this result. You might achieve it in 8 like we did.
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