19: The Ultimate Real Estate Retirement Plan with Chad Carson

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 7 May 2018

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chad Carson has never had a “real job.” Instead, he has parlayed his experience helping with his father’s rental business into his own real estate rental business. Now, Chad owns enough real estate that he’ll never have to work at a real job. In fact, when we spoke to Chad, he called us from Ecuador — where he’s been living for a year in order to submerse his children in the Spanish language. His rental business ran itself while he was away. He was able to take an extended vacation and truly delve into the area — and now his children are bilingual! Chad’s take on “mini” retirements is very interesting. He obviously loves what he does, but he also enjoys spending time with the people who matter most: his family. Real estate provides him the opportunity to work at his own pace. This episode gives you an alternate look at early retirement — it doesn’t have to be permanent. Links from the Show BiggerPockets Forums FinCon BiggerPockets Money Podcast 12: How to Become an “Overnight” Success in 10 Short Years with David Greene Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pocket's Money Show Number 19.
0:04.0	He was working for this guy who was obviously pretty wealthy, like he's this boss or something like that.
0:10.0	And the guy said, hey Louis, you want to learn how to become rich?
0:13.0	And Louis is like, yeah, I'm 20,
0:15.0	I want to learn how to become rich.
0:16.2	He said, all right, Louis, here's what you got to do.
0:17.5	Right now you're making 30,000 bucks a year.
0:19.8	You got to learn to live on 30,000 bucks a year.
0:21.8	Got it, Louis.
0:23.2	Oh yeah, I got it.
0:23.8	Okay.
0:24.4	Next thing you got to do is you got to learn
0:25.8	how to make 60,000 bucks and still live on 30,000.
0:29.3	Got it, Louis?
0:29.9	Yeah, I got it.
0:30.9	And then he kept on going on going to the story.
0:32.6	Next thing you gotta do is learn how to make 120,000 bucks a year.
0:35.7	You still gotta live on 30,000 bucks a year, Louis.
0:37.8	You got it?
0:38.4	And he kind of like was driving it and he's like,
0:40.2	I got it, I got it, all right, good.
0:42.1	And he said, if you can do that Louis then you can't help
	...

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