Everyone loves a success story. Yet, in these uncharted waters, success might seem unlikely. With more and more people drawing parallels between the current pandemic and the last recession, it’s no wonder people are worried. To remind us all that we can triumph in the face of adversity, I wanted to share Patrick Aime‘s story.
I sat down with him to learn more about his struggles and his successes. His story actually takes him around the world and back again as he joined the double comma club, becoming a young millionaire less than ten years after filing for bankruptcy during the Great Recession.
Kristy and Bryce are Canada’s youngest retirees. They used to live in one of the most expensive cities in Canada, but instead of drowning in debt, they rejected home ownership. And what resulted was a 7-figure portfolio, which has allowed them to retire in their 30s and travel the world.
Their story has been featured in the New York Times, Forbes, Huffington Post, amongst many other publications. They’ve written a book on FIRE called Quit Like a Millionaire and it’s out this month.
The moment we discover there are income streams to be had outside of our full-time employment, that’s when we truly can skyrocket our net worth. That is the exact time when Justin Weinger from So Over This started to grow his family’s wealth.
At 38 years old, Justin has amassed a net worth of around $2 million.
Let’s find out how his side hustles and small business development helped him to get there!
A major step in becoming a young millionaire is tracking your net worth. On the other hand, wealth building is not all about the numbers.
Our guest today, Adam from Minafi, sees wealth building as a way to travel, explore the world and create lifelong memories with his wife. By securing solid financial footing in his 30’s, Adam has been able to realize those dreams early in his life.
Young millionaire status and financial independence can both be attained by building up your passive income through real estate and lowering your cost of living. That’s what has worked well for the blogger known as the Financial Gladiator!
By investing early and growing his portfolio, the Financial Gladiator achieved financial independence in his early 30’s and now enjoys life traveling the globe as a scuba instructor. Now, that’s the life!
According to Mr. and Mrs. Planting our Pennies, becoming a young millionaire doesn’t require you to continuously climb the corporate ladder. They found good paying jobs that allowed them to have a solid work/life balance and they still achieved financial independence at a young age.
Let’s get inspired by this young couple to hit our financial goals and smile along the way.
Have you ever thought to yourself, “Well, yeah, I could definitely save a lot more if everything wasn’t so freakin’ expensive?!”
Our newest inductee to the Young Millionaire Club thought the same thing and decided to do something about it. Anand from Rebirth at 45 decided to move his family overseas for a few years and use the power of geoarbitrage so he could save 80% of his income. By banking that income, he’s accelerated his path to financial independence and he’s become a millionaire.
Have you ever wondered how an everyday person can become a young millionaire?
That’s why I’m starting a series called “How To Become a Millionaire in your 30’s”. This will be an ongoing set of interviews with millionaires ($1M+ net worth) or “millionaires-to-be” ($750k-$999k net worth) aged 30-40. The goal is to learn how they’ve done it so we can all better our financial situation and build our wealth.