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)


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