In today's episode, Cody and Justin are joined by Suni.  Suni lives in the Boston area and has an amazing story.

She became a professional tennis player at age 14 after coming from some very humble beginnings with immigrant parents. That career lasted nine years with some very interesting financial and personal implications. Then she found herself 23 with no real savings and way behind on the educational curve.

Don't worry this story has a happy ending and a surprise twist that lands us in the remote real estate discussion.

Now it's time to go take a listen and see what you think for yourself.
Episode Summary

Her parents came over from India in the 80s and were very poor
They started to work their way out of it over time and her parents instilled savings in her
When she was 14 she started playing tennis professionally
She was using a lot of those winnings to pay for travel, PR, training, etc.
In the sport, you're really just breaking even at that level even though it's professional
She was able to get a lot of training provided through scholarships in return for advertising
The income that she would make was extremely variable.
Some weeks she might make $20k and some she might make $100
While that could seem like a lot of money at times she also had extremely high expenses because she had to hire full-time coach along with their travel
Suni actually dropped out of school in the 6th grade and was supposed to be teaching herself but that wasn't really feasible with 8 hour training days
After 9 years of playing professionally, she retired at age 23 in 2009 to return to school
At 23 she only had a couple of thousand dollars to show for her career
She then walks us through the struggles of professional athletes being able to handle money and look out for their future
The recession actually played a part in when she retired because many businesses didn't have extra money to sponsor an athlete
After retiring she spent some time taking remedial classes to get her up to speed at a local community college
After that, she was able to attend a prestigious private school through scholarships and need-based grants
Now she's 27 and looking for a job
She landed a job in a large firm in their management training program
She stayed there 2.5 years before coming to her current job in corporate financial planning
Feeling compelled to get her finances in order she felt like going after a career that really made a difference wasn't reasonable
She then came across the book Rich Dad, Poor Dad which really changed her outlook
Then she gets into real estate as a path towards passive income
She closed her first property in April of 2018 and was up to 5 units before 2019
While she lives in the Boston area, these homes were purchased around Indianapolis and never even saw them before purchasing
She decided on Indianapolis based on a ton of technical statistics such as population growth, income growth, diversity of employment, and price to rent ratio.
Networking was the key to actually finding the team to help her manage these properties
She doesn't see herself walking away from work altogether but her goal is to replace her current income with real estate so she has the flexibility
Then we discuss finding people to surround yourself with who understand the journey to FI and some of the difficulties that come with that
We also spend a lot of time throughout the episode covering the psychological impact of growing up poor and then becoming a professional athlete and how that just impacts her outlook and drive
Her closing advice is for those looking to get into real estate which revolves around building your network and understanding the technical drivers that make or break a market and understand your cash position so you know if you're prepared for an investment

Key Takeaways

Don't envy: It would be easy to feel jealous ...