retiring in your 20s or retiring very very young how do people do it how are
so many people being able to do it over the course of history we'll discuss it
in this video and how I retired in my 30s let's get it what's up everybody you
in the building with Joel uncle Mott and this is going to be a life games
financial video where we help you capitalize on capitalism and we're
talking what can you do to retire really really quickly
and especially if you're in your twenties how you can set yourself up to
retire by your thirty but before we do that y'all know we got to put on these
plus seven glasses of sexy as hell work on scaling up my craft giving you a
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I'm one of the only sites that has real estate gear that you can wear from
t-shirts to hats you name it we got it typically one of the things that
everybody who has wealth has been invested in is real estate and one of
the best ways you can make money and set yourself up for a good long life is to
invest in real estate when you're in your 20s and when you're in your 20s you
get a great compound effect the more money you put aside every seven years it
tends to double in nine and ten percent chunks if you're doing it correctly what
I did and what me and my wife did when we was in our 20s I met her right when I
was like 29 and what we did was we basically lived off one person's income
and we put the other that would pay our bills with the other income and we was
able within a year to save up about eighty thousand dollars and I've got a
friend who started doing that when he was
when you save up all that money and you go buy yourself a piece of real estate
make sure you get some real estate that has thirty thousand dollars in equity or
greater and by doing that you set yourself up to in a year or to have more
equity you can pool that equity and then you
can go buy yourself some more real estate the example that we did we did
the we kind of done it backwards instead of buying a home we took the money we
saved up and we bought a commercial property a childcare center some of
y'all have seen my video about what we just did and selling that childcare
center after fixing that rehabbing and putting a renter in there and holding it
for five years and selling it and we walked away with more than six figures
in profit you can do that same thing in your 20s but the proper steps to do it
you're gonna want to have a job and be working that job for at least two years
because the banks like to see that you've been in a job for two years live
way below your means save every single dollar you can get your hands on so that
you can put big money down as a down payment
I always you're finding a property that already has equity in it merge those two
together even you've got to do a little fix-up to force equity you still want to
do that when you also need to be working on your credit as well or at least
developing the credit so making sure you pay your bills on time that's really
really important don't go higher than 10 to 15 percent of your credit utilization
and at the same time be saving and looking for that deal and when you find
a good deal jump on it you know I would say probably the best place to start if
you're in your 20s and you want to set yourself up to retire by the time you're
30 or when you're in your 30s is you find something like duplex triplex or a
quad and you take that money put it down try to find something where you can get
the deal where you're getting 20% higher in your equity and you house Hacket
meaning that you live in one of the units
and how somebody else pay you rent money in the other units ladies and gentlemen
if you do that you're living rent-free you're getting your bills paid from the
other person all while you're acquiring equity which you set yourself up to pull
some money later on and reinvest and at that point in time if that sustains your
lifestyle you can retire the way it has done for me and get up here and make
youtube videos or whatever you want to do and help somebody else these are all
the things I'm doing because real estate allowed me to retire early because I
took took care of what I need to do in my 20s and you can do the same thing too
this channel is all about helping you capitalize on capitalism I want to make
sure that I'm giving you the information that helped me get where I'm at so you
can do it that's going to do it for this video please don't forget to like my
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out there and until that next sexy as hell video I'll see you
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