Monopoly and the Game of Life

monopoly-man

ABOUT ME

  • 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 several rental properties without using debt.

This is the story of my first time touching real estate, and what I learned.

MONOPOLY

I’ve loved the game Monopoly ever since I was a child. I’ve been playing since I was 5 years old. I played with my friends for hours on end! I soon figured out that usually the first person to get a monopoly would win the game.

We were serious about it! We used calculators as banks accounts instead of cash. It made the game move faster.

I’ve always sensed that Monopoly somehow mirrors reality. Having a monopoly, or having several properties in the same area, can help you win at the game of life.

My Grandmother had a small monopoly.

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How to Payoff Debt and Build Wealth

payoff debt billboard

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.

Read moreHow to Payoff Debt and Build Wealth

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.
  • Purchased twenty rental properties that are paid off.

Let me tell you a 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 didn’t 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 over 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).

Read moreMy Wife Knows Money – The Financial Summary of my Life