I recently stumbled upon an article about a pair of teachers who were able to essentially retire from their careers by their early 30’s through purchasing property in the Las Vegas area along with other states. During eight years they were able to purchase a portfolio of 15 properties, which provide the bulk of their income today.
The article, which is posted at Business Insider says that the couple was able to invest during the downturn and save at least 75% of their income, which was roughly $80,000 combined.
Some of the key points they used to achieve their success included:
- They kept driving the same cars.
- They saved at least 75% of their income.
- They worked extra hours teaching summer school when possible.
- They were able to pick up properties for a deal at the bottom of the market.
- They rarely ate out.
- They did not raise their standard of living.
What’s also amazing is that they have a small child that they’re traveling with throughout this whole experience.
You can find Joe and Ali’s Story on their website Adventuring Along.
