AIE 148: A Million Bucks by 30
Adulting Is Easy: Making Personal Finance & Real Estate Easy
English - October 17, 2023 11:00 - 24 minutes - 22.7 MB - ★★★★ - 7 ratingsSelf-Improvement Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Alan grew up with public school teachers as parents, so he saw wealth as a child, but he never had any. That’s why he wanted to have a million bucks by 30 – and write a book about it! He started this journey right after college, at the age of 21 or 22. Alan’s first step was to live off a small percent of what he was making. How did he save so much? He “hid” money from himself by having his HR department send a huge percent to a bank across town (remember, this was 20 years ago). Every January 1st, he would go see what was in there and use it as a down payment on a property. His first amount was $10,000, which he used to buy a
$99,600 condo in Brooklyn (when no one wanted to buy real estate in a post-9/11 New York City). Lauren can’t help but ask the question: was it hard? Alan made everything a game and kept his future self in mind. And he’s really good at delayed gratification. Back to that first condo, Alan rented out his living room in an early version of house hacking! Then, the two transition to talking about life after becoming a millionaire. Both agree you should be frugal to start as you set your foundation. They also emphasize growing your income at the same time if you can. As you grow your wealth, more doors open, but you have to start somewhere! Finally, Alan and Lauren talk about their new venture with Tom the Frugal Gay called House Money Media.
If you liked thisepisode, you’ll also like episode 85 with Tom Brickman the Frugal Gay about how he became FI and left his day job.
About Alan:
Alan Corey started with a $99,000 condo at the age of 22, Alan
has had a passion for real estate for half of his life. He grew his net worth to $1,000,000 by the age of 28 and was able to retire from the corporate world to focus on real estate full-time. Currently “maxing out” in real estate, he now manages a $50 million dollar portfolio of over 300+ doors, is a top-producing Atlanta real estate agent, and teaches real estate investors worldwide through books, podcasts, courses, and speaking engagements. His published books on real estate "A Million Bucks by 30" and "House FIRE" have been touted as both very humorous, yet educational and actionable. A "Real Estate Maximalist" through and through, Alan helps investors of all levels transform their life through real estate.
Buy Alan's Book:
Connect with Alan:
https://twitter.com/RealEstateMaxi
https://www.instagram.com/realestatemaxi/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/