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/biz/ - Business & Finance

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17533536 No.17533536 [Reply] [Original]

> We are super frugal,” says Baldwin, who wears a $12 rubber wedding band and shares a 2009 Ford Focus with his wife. Because he keeps his expenses so low, he’s able to save more than 80% of his take-home pay.

> For starters, he won’t pay for entertainment, like restaurants and the movies, “but only because I know how to get paid for that."

> Baldwin is a “secret shopper” and gets paid for dining out, going grocery shopping, seeing movies and even visiting hotels and casinos.

> “There are a lot of businesses out there that want to know how their employees are doing and how the market is responding to their products,” he explains. “So those companies will hire mystery shopping firms to find independent contractors like me to go pose at their establishment as a regular customer, buy the product or service and then report on it.”

https://www.cnbc.com/2020/03/01/millennial-millionaire-shares-what-he-refuses-to-spend-money-on.html

>> No.17533568

>>17533536
Based Scrooge McDuck.

>> No.17533576

Yeah.. they don't pay for your groceries here, you're gonna get some minimum wage *1.2 wage and travel expenses.

>> No.17533685

>6 rental properties that are each bringing in $6400 in gross rental income per month.

What?

>> No.17533707

>>17533536
Based. Where are some places where I can buy houses for real cheap and rent them to some low income trash?

>> No.17534026

>>17533707
chicago

>> No.17534072

>>17533707
>>17534026
Baltimore, Detroit.

>> No.17534107

>>17533685
Gross is meaningless. Net is what matters.

>> No.17534179
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17534179

>>17533685
Multi-family properties, most likely. Very easy to gross 6400 a month on a fourplex in a desirable urban market.

>> No.17534252
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17534252

>>17534107
Article shows he is netting somewhere about $2,200/month per property, which is pretty good (although im possitive this includes principle paydown and maybe even appreciation and discounts future maintenance capital expense, because free net cashflow over $200/month per unit is exceptional)

>> No.17534276

>>17533536
i watched this asmr lol

>> No.17534320

>wife
HAHAHAHAHAHAHAHAHA he thinks he's made it but he actually will never make it

>> No.17534345

>>17534252
what a fucking dick. rent seeking bs and he doesn't even have the decency to spend the fucking money

>> No.17534954
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17534954

>>17534320

>> No.17535235

My coworker told me since I hate working to buy up some mobile homes for 2k a pop and rent them out in Apache Junction or whatever but I really don't see how this housing bubble is sustainable.

>> No.17535310

>>17533685
How did this dude acquire millions in rental property so young is my question

>> No.17535446

>>17535235
Apache Junction is a shithole. Why rent aluminum shacks to meth-heads?

>> No.17535964

>>17535446
Because it makes money I guess. I just don't see how it's sustainable.