How to Retire a Millionaire by Age 45

Save
Next Video:
How to Retire a Millionaire by Age 68....5

To retire a millionaire by age 45, start planning for retirement early, keep expenses down, and purchase as much real estate as possible. Cash out on a number of different real estate properties to become a millionaire with advice from a registered financial consultant in this free video on retirement.

Part of the Video Series: Money Management & Personal Finance
Promoted By Zergnet

Comments

Video Transcript

This is financial adviser Patrick Munro talking about a goal that many people have, how to retire a millionaire by age 45. Well in order to have that kind of focus, you have to start very early with your retirement goals and of course as always you have to develop a budget very early in life where you are placing your focus on keeping your expenses down and your income as high as possible working one maybe two jobs. Once you get enough money together, the quickest way to becoming a millionaire is through real estate. The quickest way that you could possibly put together a down payment on a house that you can own yourself, you could move into that house and enjoy the benefits of home ownership. Once you have done that, you can immediately start looking for another house. Once you place tenants in your old house, now you have an asset and you move into another house and you've got another asset. If you do this numerous times in your early years, you can absolutely have a lot of real estate by the time you're in your early 40's. At that point you can basically mortgage and cash out and you too can be a millionaire by age 45. Most people in America that have made their money on a fast track towards being millionaire status have done it through real estate. This is financial adviser Patrick Munro talking about how to retire a millionaire at age 45.

Featured

Related Searches

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!