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The title of this could also be “Get Rich Slowly.” Without the Hustle you aren’t going to get there quickly. You know that saying “Work Smarter not Harder”? Yeah, well if you want to get rich quick you’ve got to worker smarter and harder. I’ve seen it happen and it’s not easy. Some people do both, but it takes them years. For me I finally realized that I was never going to be a Millionaire under 30, maybe not even under 40. I realized I didn’t want it badly enough. I wasn’t hungry, I was comfortable. But I still have the desire to set my kids up for success. I realized this was possible without an extreme amount of hustle when I read the book “Richest man in Babylon’ which showed me I could enjoy my life and career and build my fortune on the side. I don’t have to hustle and grind or whatever to get to where I want to be. I just have to be consistent. Just live a bit below what I can afford and save the rest. Once I’ve saved enough to invest, then I invest. Then, and this part is a key par, REINVEST the money I make from my investment.

Let me explain why. If I am able to save $500 a month for 3 years in an account that yields just over 2% then I should have about $20k. This should get me started, if I’m willing to either A) Live in my investment, or B) invest in a market that I can buy a multi family for $100k or less. Since I am currently living in an investment I’ll play out option A. My rent in this market would normally be $1k and now I am able to save that completely because my property breaks even with me living in it. Now I can either increase my life style by $1k a month, or stay where I am and save the $1,500. Now I can reinvest in a year in scenario B from above. This gets you an extra $500 a month so I’m at $2k savings a month after just 4 years. I just keep investing like this and not making any changes(not recommended, you should diversify). In another 16 years(20 total) I’ll be making $8,500 a month or $102k a year. Plus I’m still living rent free. This is one scenario, but personally I plan to invest at a faster rate as more money comes in. That means I can start doubling the increase and then doubling that. Check out my plan to make $1 million a year by 50.

I read Robert Kiyosaki ‘s “Rich Dad Poor Dad” book when I was maybe 14 or 15. From then on I knew I wanted to invest in Real Estate. I’m not exactly a entrepreneur, hustler even business(ish) type guy. I thought from a young age that I was military bound. Did ROTC and even joined the Naval Reserves. I ended up working in Information Technology. Now wait, before you decide this guy is loaded. I started in retail, made it to management. Hated that so took a pay cut and got a Tech job making $38k in Rhode Island. That’s not a lot. But during that time, about 9 months in, I bought a duplex and moved my little family(Wife and one kid at the time) into one half. Got a bit of a pay bump when I was promoted to Senior Tech 7 months after buying the house. Almost exactly a year later I bought a 3 family. I keep the duplex and had to take half the loan from a private party(family loan). But I made it work. I’m now in the process of selling the duplex I got for $145k. It’s listed for $199k. The plan is to take that money and get a 3+ family that cashflows. The Duplex doesn’t bring in any money, especially after management and other expenses.

I do this very part-time. I’m basically involved in the buying of the properties and any major decisions about repairs or renovations. Otherwise my excellent Property Manager takes care of everything. I spend most of my time outside of work enjoying my family. But because of the investment in the duplex and living in a house I owned that wasn’t as big or as nice as one I could rent, I now live rent free in an apartment that is at the high end of what I could afford in a great school district and only 10 minutes from work.