Month: May 2016

payoff debt billboard

How to Payoff Debt and Build Wealth

payoff debt billboard

I’ll show you exactly how I payoff debt and build wealth.

Among acquaintances, friends, and co-workers, my thoughts on money seem extreme. I don’t have many among those groups to share and discuss with.

I’ve been devouring books about money my whole life. I was soooo happy when I found the world of FI, real estate, and investing blogs. I feel like there is a community of people out there that understands me.  They understand how important it is to payoff debt immediately.

When I was in college, I got a job at Fidelity Investments as a stockbroker. It was a 3rd job, a side hustle to payoff my student loans. It was a great introduction to the world of finance. It made sense for someone like me to get a job like this. I’ve always had an interest in the stock market.

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My Wife Knows Money – The Financial Summary of my Life

My name is Rich.  I like to talk about money.

  • I paid off $32,000 in student loans in a year.
  • Paid off our $280k mortgage in 6 years.
  • Flipped several houses in Washington D.C. to help me build income for real estate investing.
  • Have purchased twenty rental properties that are paid off.

Let me tell you my story.

How do you summarize your financial life in a blog post?

What if it’s your first post ever?

I’ll give it a shot!

I met my wife in college and quickly realized she was the right person for me. Before she married me, she asked me a question that I didn’t know the answer to. It was a question that I also did not want to know the answer to.

“How much money do you owe in student loans?”

(Very blank look from me)

student-loan-debt

Thinking back through the last 3 1/2 years of college, I remembered getting some grants and a partial scholarship from the military for majoring in Chinese, how bad could it be?  I remember taking out a few student loans to help make ends meet (a.k.a. always eating out and vacations with rich friends).

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