56 min listen
237: $700k Net Worth in 4 Years Thanks to “Super Assets”
237: $700k Net Worth in 4 Years Thanks to “Super Assets”
ratings:
Length:
55 minutes
Released:
Oct 4, 2021
Format:
Podcast episode
Description
It didn’t take Addison Freeman long to realize what worked in school, wouldn’t work in real life. Those who got good grades and followed the standard playbook weren’t rewarded as plentifully on the investing front as they were in the classroom. When Addison realized it would take her over thirty years to hit millionaire status on the conventional track, she knew she needed a change.Addison started to look for, as she likes to call them, “super assets” or assets that grow while putting cash in your hand. She started with a house hack duplex where she was able to pay her mortgage by renting out one side. Then, she started to get into self-storage investing, which is now her husband’s main job. Along the way they tried (and failed) at starting businesses, but never took their foot off the gas on their journey to financial independence.At the age of 26, Addison and her husband are financially independent, sitting on a net worth of over $700,000 with an almost guaranteed chance at being part of the millionaire class very, very soon.In This Episode We CoverWhy conventional investing won’t cut it when you’re trying to be a millionaireBuying as many “super assets” as you can while you’re young Starting a small business and the reason that it may (or may not) failWhy self-storage is an excellent industry for real estate investors to get into How commercial real estate is valued and the immense equity you can add to itLiving below your means and investing hard for years And So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 4, 2021
Format:
Podcast episode
Titles in the series (100)
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