Retiring multimillionaire Josh C. shares his wealth-building strategy through real estate investing
From Yahoo Finance: 2025-06-23 09:16:00
At 62, Josh C. is retiring with a net worth exceeding $4.2 million, built through disciplined real estate investing and smart financial habits. His journey offers valuable lessons for anyone in their 30s looking to build long-term wealth. He advises spending significantly less than earned and prioritizing investments over lifestyle upgrades.
Josh’s wealth-building strategy started with spending less than he earned, saving 40-50% of his income, and treating his future self as his most important client. By maximizing 401(k) contributions and investing in real estate, he accumulated 14 rental properties generating $8,200 per month in net rental income, covering his retirement expenses.
Josh’s real estate investment strategy focused on working-class neighborhoods, cash-flowing properties, conservative financing, and reinvesting profits into additional properties. Over 25 years, he accumulated 14 properties generating $8,200 per month in net rental income, attributing his success to understanding the power of compound growth in real estate portfolios.
Josh emphasizes the importance of automating savings and investments before automating lifestyle expenses. He recommends setting up automatic transfers to investment accounts the day you get paid to prioritize savings. He also advises having $50,000 to $75,000 saved before investing in real estate to cover down payments, closing costs, repairs, and reserves for unexpected expenses.
When building wealth, Josh believes people focus on the wrong metrics, like beating the stock market, instead of consistency and time. He emphasizes the importance of lifestyle boundaries to avoid inflation as income grows, ensuring every raise or bonus goes straight to investments. Traditional retirement accounts were the foundation of his strategy, while real estate provided additional wealth and cash flow before age 65.
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