Another friend of mine is an executive at a local company and has done very well for himself. Rather than spending all of his income, he has been extremely disciplined and has used his funds to buy rental properties.
After 15 years or so of buying rental properties this way, he now has more than 50 rental units. Right now, he’s in a season of life where he is reevaluating what he wants to do next. Thanks to his real estate investments, he has the luxury to choose between a couple options. He can continue to stay in corporate America and make good money, or he can step down and work for himself as he manages and lives off his rental properties. His story shows that smart investing and frugal living can lead to a legacy that pays off big time!