Don't work for money, let your money work for you

Another beautiful statement but what has this statement got to do with you?............. Nowadays, young people with high qualifications get highly paid jobs and live in sheer comfort. Buy the biggest house they can afford, buy their dream car and the money they exchange with their time is being fully spent every month. Some even extend their credit by using multiple credit cards to keep up with the Joneses. Is this bringing you happiness? or more stress as you have to keep up with the credit payment not mentioning all the high taxes, high utilities and high mortgage payments. Your dwelling and car have now become a liability instead of an asset.

Lets change the picture here. Let say you are the highly paid young couple in your 30s, let say you decided instead of buying one big house, you bought 4 low cost houses near some college for rental to students and 1 medium cost house for your own dwelling, living in some comfort. You have a car each to take you to and from work, not a luxurious one but one that can transport you around. Whatever you collect for rental will probably pay for your mortgages so your 4 low cost houses are taken care off. Your own house maintenance is considerable and at the end of every month you still have money left over to put into your investment account.

I know you like the first picture, life is short and why must you be so frugal? You asked. But think about it......you will be happier in the 2nd picture, less stress equates to more happiness.

In the 2nd picture you have created four pipelines churning you continuous income. Imagine 20 years down the road, you have finally paid up your mortgages (1 by you and the other 4 by some other people whom you really don't care for and who don't really care for you but paid up your mortgages ----- how nice!!!) And from now on... you can retire ........

How old or young you retire is entirely up to you. If you are reading this and the ideas in this blog is giving you a good picture and if you are still in college........ immediately..... now..... put your feelings and thoughts into a plan and take action immediately.... you have decided to retire young. For those older ........ let me say this.... its never too late to change your style.

Bring this thought to bed every night and continue to think and feel that you are retiring young and I know you will........