So this is actually really simple.
- Buy a $200,000 house today.
- Rent it out, making sure you’ve picked a house where the rent covers the expenses with a bit leftover.
- Wait 20-30 years. That’ll make me 50-60.
- You’ll have (at least) a $200,000 asset free and clear that you can sell, remortgage or light on fire.
- Repeat Step 1 as able while you’re young.
Make sense? What do you have that’s better? What’s holding you back?
Photo Credit: stevendepolo