If you were me what would you do in my situation?

[Jeremy Willis]

I’m new here and have a few posts with some great feedback. Though I feel I should have started with this post from the beginning.

I’m 40 years old, single, no kids, no debt ($300.00 to $700.00 gets floated on my visa monthly), I have a good job making 85k annually (could be 95k by the years end), 10k in savings, and good credit somewhere in the high 700s to low 800s. I pay 1200 a month in rent with no utilities. I have retirement but only started my current job 3 years ago.

My situation is fairly decent except for my age. I got my act together a bit later in life. I want out of the rat race. I want cash flowing properties preferably multi family units. I do live in Maryland which is an expensive state to live. Would love to be able to leave my job and my state in the near future supporting myself and also building wealth with a minimum 7 figures goal. What would you do/suggest if you were in my situation?

[Jim K.]

@Jeremy Willis

Invest all kinds of time in finding the right person and get married. Real estate, when done successfully, is overwhelmingly a team sport. I realize that's not the politically correct answer, and my nose is way up in your business stating that, but that's what the data supports about getting rich in America. Married couples in stable, long-term relationships are overwhelmingly in the majority when it comes to self-made financial success. The media likes to focus on the exceptions, but by doing so it radically skews the perception of decades of data that have been gathered on this. Don't believe me? Read The Millionaire Next Door by Thomas Stanley. It's an eye-opener.