In E011 Mike Rosehart lays out his strategy for retiring early. Very early!! Mike tells the story of how he bought his first property at 19 years old and had 17 properties by the time he reached the ripe young age of 23. He then preceded to ‘retire’ at 24 by ‘cashing out’ on those properties and investing his principal into commercial paper (stocks etc).
A key to Mike’s success has been his extreme frugality and while that approach certainly seems less common, you definitely can’t argue with the results.
Key contacts:
Mike Rosehart on instagram @mikerosehart
Andrew Hines on instagram @theandrewhines
Some specific topics tackled on this episode are as follows:
- The Fire, Financial Independence, and Retire Early movements
- Frugality
- Investing for cash flow and investing for long term wealth
- the one percent rule (rental income of 1% of price of home)
- Finding private sellers and deals
- telltale signs of distressed sellers that you can work out a deal with
Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
