has anyone retired a millionaire?

I got a strong network of experts to back me up. I'm not just wingin' it.

 

Duplicate post

 

You had lots of money and then little money.... Sounds like you went in to trucking..

 

I was never not in trucking...I've done a LOT of things along side of trucking but trucking has been the most consistent, The most fun and has provided the most steady income of all of the adventures that I've been involved in!

 

NO NO NO NO NO!!!!!!!!!

We have not seen the bottom of the real estate market yet. Please wait. Trust me.

 

So is trusting Wall Street, so is going down Cabbage but you've never done that not being a trucker.

 

My classroom instructor from driving school retired a millionare. Not so much that he made a million driving a truck, but instead took his driving a truck money and turned it into more money.

He never told us how much he had, but you could tell by his stories that he was well off, and it was the other instructors that filled in the blanks.

To this day, I have never met anyone who enjoyed trucking to the point that he did. Listening to him, you would have thought it was a full time vacation and he should have been paying them to let him do it. But, he was also one of those people who seemed like he would find enjoyment in anything he did, and was smart enough that even if he was just a dishwasher at McDonald's, I bet he would have found a way to turn that money into something.

 

You will never be good as something you hate doing, and you'll never make money from something you hate doing.

Sounds like our old classroom instructor Joe B.

 

Pfft I know that silly. I'm new to real estate but I'm not stupid. I've learned a lot from my mentors.

I wouldn't have the capitol to invest in RE until after about 2 years of starting likely (with W2 history included for lending purposes), by then the market will pretty much be at the bottom give or take a year or two but. But for me the price doesn't matter because I make investments based off of a very simple formula I learned from my mentors.

So it doesn't matter if the property is 50k or 500k, the numbers just have to work. Prices are perfect for me already, values for properties I will invest in won't drop much further if at all.

Even though the effects of the double dip market are starting to happen, it won't bottom out until after 3-5 years from now since the commercial notes that were issued between '05-08' are just now starting to come due. And the borrowers are starting to default already. Since commercial is much much larger than residential even stimulus packages won't really have much of an effect. Might delay the decline but markets can't stay hyper inflated.


As that happens it'll make my future investments 5+ years from now super affordable despite valuation differences between commercial and residential housing.

The timing is perfect on my end, if I had the money now I'd start now. It's something I can do in my spare time so I'll do it when I'm stuck waiting in a truck or on a break. I'll be investing in properties no smaller than 2 unit duplexes. Doing it my way I can realistically expect at least $800/mo increase in pay every year, and increase more and more every year, sometimes 2 or 3 times each year after a few years of driving, assuming I make $30k/yr driving for 5 to 7 years.