Early Retirement at 36 with Just 4 Rental Properties
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- Опубликовано: 9 июл 2024
- Early retirement was a goal for today’s guest, Antoinette Munroe, the moment she started making money. Her money journey started in second grade when she sold her Halloween candy for extra cash. By high school, she graduated to selling a wide variety of different things and even started her own distribution network with her cousins at their respective schools.
By the time she got to college, her main focus was staying out of trouble, avoiding debt and saving. It wasn’t until her last semester of grad school that she had to take out loans. After graduation, her priorities shifted, and she got a job to pay off her debt. Starting with her first check at her new job, she laid out her budget ABCs. Her ABCs follow a simple principle; automation, balance, and consistency. And after two years, she paid off her $27,000 debt!
In 2015 she decided to start looking for a home, and by the end of 2015, she purchased one. She did a complete rehab on the house while also adding an addition in hopes of getting rid of her expenses to achieve her ultimate goal of not having to work. She put the finished addition on Airbnb, and it now cash flows and pays her expenses. After she realizing the power of real estate investing to build net worth and generate wealth, she did this three more times and now owns four cash-flowing properties. She is now retired and lives the free life of leisure she always envisioned for herself.
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www.biggerpockets.com/users/a...
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Paying Off Debt (& Avoiding Debt Relapse):
www.biggerpockets.com/blog/bi...
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9 Ways to Save Money You Have Probably Never Tried:
www.biggerpockets.com/blog/wa...
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12 Sneaky Habits That Kill Your Budget in the Night:
www.biggerpockets.com/blog/sn...
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Follow Antoinette on Social Media:
Instagram: @fearlessandfreefi or / fearlessandfreefi
Tiktok: @fearlessandfreefi or / fearlessandfreefi
Facebook: @fearlessandfreefi or / fearlessandfreefi
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Episode 295
Show notes at: www.biggerpockets.com/blog/mo...
00:00 Intro
03:20 The Beginning of Her Money Journey
09:54 Paying Off College Debt
14:48 Quitting Her Job & Buying Her First Property
23:05 Using Airbnb to Generate Passive Income
26:28 Buying Her 2nd and 3rd Property
32:11 Her Journey as a Real Estate Investor
40:34 Her Retired Day to Day Life
44:52 Her Next Steps
47:00 Famous Four
By far my favorite episode. So much to love here, especially being content in what she has and living below her means.
Beautiful
“If it was in a 401k I would still be working”
This is exactly how I feel about life, all I want is freedom. Still on my journey in the workforce but hopefully soon I will be able to break free! 🙏🏾
To have this mindset in your early 20s is amazing!
Very intelligent and great decision maker from a young age! No wonder she's retired!! Also, she's beautiful and does NOT look 36, SOO well done!
omg..I thought it was wrong to feel like this...I also just want to be freepreneur....I have not interest in being an entrepreneur....
@@rafaelw8115 well not according to Brandon Turner.
@@rafaelw8115 what are you talking about ..the are systems you can use or implement to take care of that like for example a property manager for rent collection/repairs..by using your own logic it would impossible to have more than 5 properties let alone have them in a different states....
yes me too love
@@rafaelw8115 duh you’re less likely to cashflow if you got one door per property lmfao
@@rafaelw8115 great insights
I love her philosophy. Couldn’t agree more with her opening statement.
Wow. I love that she added "strategic doors" and kitchenettes to maximize the houses and she has flexible terms that work for everyone involved. Love it.
This sister is a queen and she earned that title. I’m rocking with her!
I pray my daughter grows up to be this smart and wise. She inspires me as a parent.
Charming, smart, and surprisingly so humble guest. Great podcast, and great guest choice.
Antoinette is so dope with an amazing story. I will teach this to my future kids... as Dave Ramsey said.. she lived like no one elso, so now she can live like no one else. Such an inspiration.
her systems to keep herself in check are impresive! I love her "shopping therapy". It takes extreme discipline to stay committed to a crafted vision of the future! Also, her smarts in leveraging debt is off the charts. most people would have fumbled this. I think her secret is her ability to live on very little, and do away with the uncessary luxuries most of us tend to sink our dollars in.
Wow! This is by far my most favorite podcast from BP about a creative, relatable, and down to earth individual. Truly an inspiring journey and please keep us posted about Antoinette's future endeavors!
Your words mean the world Violet, having an impact is what it's all about. Thank you for the love.
This young lady is so fricken smart!..Awesome interview. I'm so inspired.
🥰
Antoinette did what im tryna do 😭 This was the video I needed to hear
Move back in with your parents and don't pay anything for rent, food and utilities! Save everything for the down payment on your first deal. ✨️
@@cvzphotography lol it’s true. i lived with them from 2015-2020. Until my dad kicked me out in Mar 2020, while my mom had stage 4 lung cancer, because of the pandemic fear. My mom passed so no way im going back.
But I live in my primary residence now & my salary is high by God’s grace & i’m single. So looking to buy a second with money saved up.
God is merciful bc of His son Jesus Christ.
@@jacqueline8566 keep grinding. You got it!
She’s definitely a rockstar. Her approach is so inspiring.
Another great story about someone who is crushing it with just a few properties. I think these stories are more relatable. Maybe I'm biased because its similar to my story, but she is awesome.
This is so inspiring 🙏🏾 currently 22 rn have no debt. First goal is to help my parents pay off their mortgage and then I want to get my own property
Antoinette is a great story teller, very inspiring
FAMU producing some of the best people. Congratulations Antoinette! #Rattlerpride
🐍🐍🐍
She's killing it! Very inspiring!!
Thank you Bigger Pockets & Antoinette for all of this great information as well as the encouragement. I'm so ready to airbnb some properties right now.
Antoinette your skin is flawlessly beautiful.
Thank you for this episode. This is so much more relatable.
I retired 20 years ago at 45 with $100k cash and no passive income. Took me a while to figure out but got spending down to $600/mo.
How?
♨️Your time-line is my goal , I'm just figuring it out now I'm a bit late at 40 but this is my goal 20yrs
My hero!! Are you living in the US or abroad?
Unless he has a way to multiply it, he’ll be back to work before retirement age.
Invest the money, live rent/mortgage-free, live a modest life. My guess is some inheritance in real-estate, or a partner who's still working. And probably lives in a lcol area. Def missing details here, because even investing 100k, you are barely making that 600/month.
This is a very inspiring interview. Thanks so much!
I love every second of this interview!
This is what hard work and a great foundation get you!! Congratulations 🎊
Awesome!!!!! Great family behind you to cheer you on. Love it
Really really great!!!! I just shared this interview with my daughter!!!!! GREAT!!!!!!
She is so amazing!! Definitely getting these points on paper for not only for myself to implement but for my teens and preteen to learn!!!!
I am starting with my first airbnb property and I am glad you all touched on how a lot of the shows only focus on people that have 100 units or 60 cars on turo. I would love to just get to 4/5, figure out how it all works and then be free of my 9-5. I can then determine if I want more as I don't really want to "retire" just yet.
AirBnB TikTokers ruined it. They got it so hyped and many homes in big cities are just sitting as Airbnb rentals. Going to hurt when people cut travel and they get stuck with the mortgage. What a huge bubble Airbnb has become.
Thank you for the kind words, one year later how goes the process of focusing on your freedom ?
I'm so inspired. Great source of information. Thanks 😊 much
Wow! it's a blessing to come across your channel....what have I been missing....(everything I guess)
Thank you...I am 49 and feels like I am running out of time....and desire to learn more.
All I can say is well done sis 👏🏾👏🏾. I am so inspired 🥰
She has given great content, well explained it sounds possible for anyone willing to put in the work!
THIS IS THE EPISODE FOR ME!!
Antoinette is doing her thing! I Really enjoyed listening. Simple strategies and prioritizing money goals is my right now goal.
Wow, this story gives me hope! Thank you!
Wonderful interview. Love the way she thinks.
Loved this episode. So inspiring and thank you Antoinette for sharing your success with us.
Antoinette, I love listening to your real estate investment story! Congratulations on your early retirement. 🤗
Excellent interview with Antoinette! She is doing things the right way.
Amazing. So inspiring! Thank you for sharing your journey
Awesome episode!
This is awesome! Great job, Antoinette!
Wonderful tips, Antoinette!
Nice post! Loved it!!!
This segment is so inspiring.
Gr8t Focus! You have put the most important things first!
Great episode!!!
Great interview. Realistic, hard work, and great discipline. Very encouraging 👍
Love these ladies. You guys are great mentors!! And Scott! We need you!!
This episode is EVERYTHING!!! Loved it and on the same journey now! Good luck and continued success to her and everyone 💯💗🤜🤛😉
Such an amazing story. Well done :)
Woah...watching this in September 2022. Half expecting her to be a billionaire by now. "Smart" doesn't do your guest justice...she's absolutely brilliant.
I'm a social neuroscientist who studies the ways we control our emotions (e.g., cognitively, socially, etc.) and she strikes me as someone who had adequate childhood nutrition, stable social relations etc...resulting in a GREAT deal of executive control. Most college kids are simply not prepared to face the onslaught of propagandistic and predatory marketing. Brava, Antoinette!
Great perspective thanks for sharing 👍
Absolutely amazing and awe inspiring.
Thanks for sharing your inspirational story
Good podcast and guest!
I would like to have known the total amount of oustanding debt remaining on each property, her mortgage payments on each property, how much of the cash flow she lives on, how much she saves or invests each month, and what her plan would be for covering her monthly mortgage payments if all of a sudden the market was upended (2008 housing bubble, 2020-2021 eviction moratorium, etc.) and she was not receiving the bulk of AirBnB bookings and rental income she's used to receiving, and had her equity loans cancelled.
I LOVE THIS INFORMATION!!!! THANK YOU!!
This was an awesome story to listen to ........it made me feel really good.
This is such an awesome story!
Thanks for the share.... so good to watch such a nice video... liked !....
I love her! And love your channel! I listen everyday and my mindset has shifted. The information y'all provide gives me the drive to keep going towards my personal goals! Thank you so much!
BiggerPockets Money is how I got my start and I can't express enough gratitude for this platform. How goes the goal-getting these days ?
I love it! This is EXACTLY how I want to be. Financially free. Good for You and best of continued success. 😊
Love this interview!
What a great episode. Good job sourcing this woman. Excellent excellent content.
Phenomenal story. Thanks for sharing 👍 😊
Go Antoinette !!! I have read no financial books either !!! 1st property duplex - house hacking … learned everything off of biggerpockets too!!! I’m in an expensive market see more appreciation, mortgage covered. Bang! Looking for the next property.
I love your plan and the steps that you have made! Every person should follow your plan! Freedom is everything!
@ Labell let us start together Queen 👸 it's your King here in England 🇬🇧
The name of the game is FREEDOM!!! Antoinette keep crushing it!!!
Great video. I'm from Memphis and live in the area still, but will be in FL or somewhere near a beach when I'm done with my job. Congratulations.
ooooo....thank you so much for the healthcare policy tip. Been trying to figure that aspect.
Fantastic interview!
Antoinette: “They fired me, and I was like… thanks!”
Yes!!! Please continue to share all the info of a first time home owner!!! Next year I hope to buy my first home.
I love her answer....
Candid honest and it has worked for her.
Proud of you.
This is so inspiring. Thank you for sharing how you've built the life you want and reminding me not to compare or force myself to do what I don't want. I'm a freedomprenuer too!
Comparison is the thief of all joy... Run your own race at your own pace! How goes it 365 days later ? What have you done well and what can you do better ?
Thanks for POWERFUL PRESENTATION!
So inspiring thank you 🙏
Great young women, a power of example. Mind blowing how wise you were from a young age. God bless you, your business and family.
Love this. Go Rattlers! Unfortunately I gave my actual info for those credit cards during college. Amazing story.
This lady is awesome. Love her success story. ❤ great inspiration
This lady is awesome! I love her high brow strategy to win with money!
Awesome fellow rattler!!! So cool to hear this story from Famuly. A person after my own heart!!
Best show. She's amazing!!
This was a very inspiring video.
I'm a Tallahassee local -- awesome to hear a rattler's story on my favorite podcast!
ROCKSTAR..SWEETHEART. SO HAPPY for You, THANK YOU for sharing, and SO HAPPY I came across your TITLE..
Brilliant! So inspiring. Thanks.
She is AMAZING!!!
Great conversation!
i can relate to this woman so much in regards to her real estate portfolio...i have my own home and have also one rental property ..want to continue to get at least 2 more.. and be able to retire from my job.
Bravo to you young lady!
Your guest is AWSOME!
Sharing with my kids, hope to start sooner or later. We need to find freedom (be own boss and have free time)soon in which I did not focus when I was younger.
Great interview super inspiring 🔥🔥🔥🔥💯💯🙏🙌🏆
So inspirational
Ok i needed to hear this podcast. Thanks for sharing. I was getting overwhelmed as well so I feel good about starting small and taking my time. 50-100 properties seems overwhelming to me.
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Excellent! I have enjoyed the content, very knowledgeable. This material was very interesting 🤔 made me think how to better my life. Set for Life, is where I need to be. God bless have a great day!