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Cubicle to CEO

192. Retirement For Entrepreneurs Series: Investing In Real Estate To Retire By 40 With $300K/Year

Cubicle to CEO

Ellen Yin

Business, Marketing, Entrepreneurship

5.0580 Ratings

🗓️ 1 May 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

As entrepreneurs, we have the rare privilege of deciding when and how we retire. For many of us, retirement isn’t necessarily an age, but rather a milestone of financial independence where the income from assets outside of our business fully cover our lifestyle expenses, thus rendering work optional. “Desirement”, not “retirement” as today’s guest would call it.  In this first installment of our retirement series, we’re talking to Erinn Bridgman, a money management and mindset coach who helps female entrepreneurs not only design a profitable business, but generate personal wealth. Erinn reveals how she used $22,700 from her then-photography business to invest in her first real estate property, which she then snowballed to pay off $100K of student debt + build a real estate portfolio worth $7 million. Her current strategy puts her on a path to retire by 40 with an income of $300K/year, fully funded by her real estate empire. We’re running through all the numbers, profit margins, and real estate investing tactics involved - get ready to take copious notes! View the transcript for this episode at: https://otter.ai/u/H4dxDZXo5_UOXU13cddSDzLDVDM?utm_source=copy_url Thank you to our sponsors: Subscribe to Natasha Samuels' show, The Shine Online Podcast, and check out the rest of episode 71 HERE: https://link.chtbl.com/mhWiLtY8 Try your first 7 days of Honeybook free (no credit card required) + save 35% on your first year of ANY plan when you sign up with our link: http://share.honeybook.com/ellen Join Erinn's 8-Week VIP Money Coaching Intensive: https://www.erinnbridgman.com/money-makeover-transformation Connect with Erinn: Get started with Erinn's Real Estate Investing Guide: https://www.erinnbridgman.com/real-estate-investing-guide Listen to the Wealthy Woman Podcast: https://www.erinnbridgman.com/podcasts/the-wealthy-woman-podcast Instagram: @erinn_bridgman Iconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quiz If you enjoyed today's episode, please: Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag us @missellenyin & @cubicletoceo so we can repost you. Follow (+) our show for new episodes every Monday & Wednesday Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to Kivocal to CEO, episode 192. Welcome to our retirement mini-series on the podcast,

0:07.2

where we'll be exploring how various entrepreneurs are uniquely leveraging their businesses to fund

0:12.0

their retirement, each through a different investment vehicle. This is a topic I feel most business

0:17.9

owners don't talk about enough or adequately plan for, so we wanted

0:21.7

to bring forward a few case studies of what others are doing that may open your mind to what

0:26.7

options are available to you. As entrepreneurs, we have the rare privilege of deciding when and how

0:32.7

we retire. For many of us, retirement isn't necessarily an age, but rather a milestone of financial

0:39.0

independence where the income from our assets outside of our business fully cover our lifestyle

0:44.5

expenses, thus rendering work optional. Desirement, not retirement, as today's guest would call it.

0:51.5

In this first installment of our retirement series, we're talking to Aaron

0:55.3

Bridgman, a money management and mindset coach who helps female entrepreneurs not only design a

1:00.5

profitable business, but generate personal wealth. Aaron reveals how she used $22,700 from her then

1:08.4

photography business to invest in her first real estate property, which

1:12.7

she then snowballed to pay off $100,000 of student debt and build a real estate portfolio

1:19.0

worth $7 million. Her current strategy puts her on a path to retire by 40 with an income

1:25.6

of $300,000 a year, fully funded by her real estate empire.

1:30.3

We're running through all the numbers, profit margins, and real estate investing tactics involved.

1:35.4

So get ready to take copious notes.

1:38.2

A disclaimer that this conversation is not to be treated as financial advice.

1:42.5

The interviews in the series are simply firsthand accounts

1:45.2

from entrepreneurs transparently sharing their own retirement plans.

1:52.4

Welcome to Cubicle to CEO, the podcast. I'm your host, Ellen Yin. I quit my job without

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