#277: How a 26-Year-Old Earns $19k Per Week (Working Only 5 Hours)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 1 February 2023
⏱️ 78 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
🎙️ Episode #277 - Learn how a 26-year old build massive monthly, recurring income using online businesses and rental properties.
▶️ Next Episode: The Real Estate Market in 2023 - Will It Get Worse?
📄 Show Notes: https://www.coachcarson.com/passiveincome/
🎬 Timestamps:
0:00 - 7-figure income
6:01 - Define passive income
9:37 - Selling disc golf discs
12:55 - Financing business as a college student
16:06 - Follow your passion!
26:32 - Learning about FIRE
29:04 - Cutting costs
30:44 - Etsy printables for passive income
35:50 - Online courses for passive income
42:52 - Compounding to $1 million
48:51 - 1st house hack Deal analysis
53:24 - 2nd rental property Deal analysis
55:54 - 2nd house hack Deal analysis
1:02:22 - Implement passive income systems
1:08:49 - Digital products vs. Real Estate
1:12:20 - Staying motivated on journey to FI
🔗 Connect with Cody:
- Printables E-book: https://www.coachcarson.com/go/printables-ebook
- The Financial Independence Show: https://thefishow.com/
- Instagram: https://www.instagram.com/codydberman/
____________________________________________________________________
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
🖥️ Learn with Coach (Courses, Books & more):
https://www.CoachCarson.com
👋 Connect with Me:
📸 https://www.instagram.com/coachchadcarson
👍 https://www.facebook.com/coachchadcarson
🐦 https://twitter.com/CoachChadCarson
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT
Transcript
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| 0:00.0 | In 2020, that was actually able to double that. And so I was about 200K. |
| 0:04.3 | In 2021, doubled again. It was about 400K. And in 2022, it's actually going to be my first year |
| 0:11.7 | over seven figures in income. Nice, man. Very cool. It even sounds like so, I don't know, |
| 0:18.2 | braggy, like saying that, but it's just like I had no idea |
| 0:21.2 | if I were to meet me like a couple years ago. Like it's just, it's crazy to see how fast |
| 0:25.7 | things can compound when you just are basically putting in the work day in a day out. |
| 0:41.3 | Welcome to the podcast Real Estate Investing with Coach Carson. |
| 0:42.7 | I'm your host, Chad Carson. |
| 0:44.0 | You can also call me Coach. |
| 0:47.6 | And this is a show all about helping you build a thriving rental property business so you can get out of the financial grind and do more of what matters. |
| 0:51.1 | Whether your first time listener or a long-time listener, thank you for being back for another episode. The title of this episode is how a 26-year-old earns $1 million per year, |
| 1:00.2 | working five hours per week. Now, that might sound unbelievable, but you're about to meet a guy |
| 1:05.3 | named Cody Berman, who is an entrepreneur. He's also a real estate investor, and he got started |
| 1:10.8 | when he's 19 years old |
| 1:12.0 | building businesses. These aren't the kind of big businesses you're thinking about, you know, |
| 1:16.4 | the Amazon's and these big expensive businesses. These are bootstrapping businesses, some of which |
| 1:21.7 | worked, some of which did not work, but he shares his story of doing that. And for many years, |
| 1:26.5 | he wasn't making the income that I just |
| 1:28.2 | talked about, a million dollars per year. That's a very recent thing. But by starting businesses on |
| 1:33.1 | the side and these side hustles and these income streams, which real estate investing is one of those, |
| 1:39.1 | he's been able to increase it and increase it every single year. And so we're going to dive into |
| 1:43.3 | that and show you more about it. |
... |
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