James and Emily retired from the rat race at the ages of 27 and 28.

Through real estate investing and frugality, they managed to hit their Cashflow FI number in 3 years. Using their Cashflow strategy, they're planning to travel around Europe and continue to manage their properties from abroad.

You'll love that story.

We also chat about...

Their turning point to reach FI
Being Cashflow FI
Their real estate journey
Leaving their jobs and travelling around Europe

Enjoy this chat with James and Emily, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Rethink the Rat Race
Rethink the Rat Race on Facebook, Twitter and Instagram
Redfin
Camp Mustache
Miss Mazuma
Bigger Pockets
Camp FI
Ms Fiology
Gold City Ventures Blogging for Profit course

Key takeaways from our chat with James and Emily
1 - Reaching Cashflow FI
James and Emily keep their living expenses incredibly low, at less than $15,000 per year. As they reach FI, they're planning on spending even less. Thanks to their real estate properties, they're pretty much already there. The income they get every month more than covers their expenses (making over $72,000 per year) and with that money they're planning on living comfortably without working.
2 - Their real estate strategy
They currently own 10 units, having bought their first one in 2017. They buy triplexes and duplexes, and their first one was with a 25% deposit down and a 30 year mortgage. They invested in an excellent area and are now enjoy the 2% rule (where they make nearly 2% of the property every month). They set aside 10% for maintenance and 10% for property management, and so far it's been going pretty smoothly.
3 - What it's like leaving their jobs
They're going through all the paperwork to finally leave their jobs and go travel. Their strategy is to first take a leave of absence from work - but with no plan of ever returning! They're moving abroad to Europe, specifically Cyprus and will have the freedom to do whatever they want. Their friends and family are a mix of confused, excited and infatuated - as many of us know, converting people to FI lifestyle isn't so easy ;)
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