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Updated about 9 years ago on . Most recent reply

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Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
41
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187
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If you could rewind time back 8 years, what would you do diff?

Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
Posted

BP,

This question arises from a goal I've set for myself to become a millionaire within 8 years (my 30th birthday) and have a monthly rental income of $10K+ (this is the minimum) a month.

So, knowing what you know now, if you could get those 8 years back, would this be possible for you? Is this a reasonable goal for me (I'm still going to try even if it isn't)? Would you get it sooner than 8 years? What was your steepest learning curve?

Thanks in advance for your answers/perspective.

Most Popular Reply

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,111
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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I would have seen the great recession coming.  Would have sold all RE in '07 and shorted financial equities for a few years, then bought everything in in sight in 2011!

Seriously, I would have stayed leaner.  House-hacked early on, then would have bought and sold my primary every 2 years. Can't beat those tax-free gains!

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