[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Israel Iran Double Standard

Soros Funneled $8.3M into Leftist Group Trying to Turn Lone Star State Blue

California Democrats Under Fire for Buying Bricks During Protests

ICE Launches Campaign to Crack Down on Marriage Fraud Could Ilhan Omar Finally Face Justice?

Joe Rogan's podcast predicted violent LA riots two years ago leaving viewers stunned

Anti-migrant rioters shouting 'f*** off foreigners!'

Amazing things happen when you actually cut government spending.

25 Vaccine Death Stories To Share In Social Media

The White House just posted this:

US Anticipating Potential Israeli Attack on Iran

Grok Is Using a Far-Left Fact Check website to Smear and Censor Conservative Outlets on X

Over 300 UK Foreign Office staff told to consider resigning if they disagree with government's Gaza policy

Jimmy Dore: Here’s How Israel’s Massacres At Aid Sites Work!

Iran successfully tests missile with 2-ton warhead

Liberal Teachers Union Presidents Rally Behind LA Rioters

Ilhan Omars Daughter Applauds Anti-ICE Riots, Urges Death to Colonial Empire: U.S. and Israel One Oppressor

California Leaders Want United Nations Blue Helmets to Expel Federal Forces from the State

Tulsi Gabbard Warns of “Nuclear Holocaust” in Chilling 3-Minute Plea

LBMA Silver Short Position Now 2nd Largest In History

Chumbawamba - Tubthumping

Something BIG is happening right now in the Middle East, Israel ready to attack Iran

AMERICA ON FIRE: Riots & Chaos as Trump Quadruples ICE Raids!

THE BANKRUPTCY OF THE UNITED STATES (Emergency Banking Act)

In France, young women are starting to buy pet pigs to avoid being harassed by Muslim men

Elderly Veteran kills 3 Home Invaders

Number One Longevity Food

Inflation Highest In Democrat States, Lowest In Republican Deep South

TikToker admits to being paid $150 a day to protest Trump’s deportation policies in LA

A GREAT update on the Trump fraud case ($454.2 million judgment) at the appellate court.

Mexican Senate President Revives Territorial Claims Amid Los Angeles Civil Unrest


Business/Finance
See other Business/Finance Articles

Title: This man became financially independent at 36 and says the key to happiness is ‘owning your own time’
Source: [None]
URL Source: https://www.marketwatch.com/story/t ... 036?mod=MW_article_top_stories
Published: Mar 18, 2021
Author: Alessandra Malito
Post Date: 2021-03-19 09:27:33 by BTP Holdings
Keywords: None
Views: 340
Comments: 1

This man became financially independent at 36 and says the key to happiness is ‘owning your own time’

Last Updated: March 18, 2021 at 5:12 p.m. ET
First Published: March 18, 2021 at 1:53 p.m. ET

By Alessandra Malito

How real estate can get you to FIRE faster

Chad has been financially independent for three years, and spends his time working side gigs, managing rental units, traveling, volunteering and sheep herding.

Chad grew up watching his father flip properties. Now, thanks to those lessons in real estate, he’s financially independent, managing rental units and living life on his terms.

The 39-year-old landlord, who was born and raised in Toronto, Canada, reached $1 million Canadian dollars, or approximately US$791,000, in 2019, though he felt he had reached financial independence even sooner. That year, he left his full-time job. Along with his real-estate investments, he invests in the stock market.

He dropped out of school. Now he's 39 and financially independent.

The former network administrator and his partner, Catherine, who is a Ph.D. student and research coordinator, save between 50% and 80% of their income every year and live off of $27,000 in annual expenses. With his financial independence, they’re able to travel with their dog, Pepper, but he still works as an IT consultant while managing the rental properties and other side hustles. In his spare time, he also volunteers with the local fire department.

See: A new law would require employees to save for retirement

“One of the keys to happiness is owning your own time,” he said. Financial independence has gifted him the ability to craft his own schedule, and not rely on a job to pursue his interests. For example, along with his side gigs and volunteer work, he is a sheepherder.

Of course, there are caveats to using real estate as a major stream of income. There could be rent loss — as many landlords have experienced in this pandemic — or some sort of emergency or damage to the home. A prolonged vacancy could be detrimental, so landlords have to balance a complete loss of income or decide to offer the unit for a lower price. “It’s just calculations — figuring what you’re comfortable with,” he said.

But there are also ways to maximize earnings with real estate. Part of his success comes down to his hands-on approach with his rentals. He renovates his properties, including painting garages, installing heated flooring, redoing bathrooms and creating wooden wall panels.

Also see: Get triple the tax benefits with an HSA, and find an affordable health plan while you’re at it

When he had to replace the refrigerator in one of his properties, instead of hiring a professional to deliver the new appliance and discard the old one, he did it himself — bringing in the new fridge with his truck, fixing the old one and selling it for $100. “You can still fix things and make a few bucks too,” he said.

Convenience is one of the biggest budget killers. “We spend a lot on convenience,” he said. “We can make our own food but it’s much easier to pick up the phone and have it delivered.” Living two hours away from his rental units might seem like an inconvenience when he needs to do a repair, but he spends the time driving into the city by listening to a book. “I like road trips,” he said.


Poster Comment:

I knew this old guy in State Highways we called "hillbilly" since we was an old farmer type. He said to me once, "Did you ever try a corn cob? It's soft." ROTFLOL

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: BTP Holdings (#0)

Canadian real estate only goes up because of all the Chinese. If he were in America in certain cities, he might go bankrupt.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2021-03-19   9:52:57 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]