Had No Savings at 40, but Retired by 60

  • I tore up all of my 13 credit cards
  • I got on a budget
  • I took advantage of my company’s profit sharing and 401(k) options
  • I purchased rental property

At 40, I was able to purchase my first rental property in Pennsylvania for $8,000. With my wife we paid cash for the house. As an old Victorian home split into three apartments it grosses over $1,500 a month. Within a few years, I built our rental income to over $85,000 a year including selling a few properties at a profit.

(oh ya, rental property…. full story)


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: