“How can I become work optional in less than 20 years?” That’s a question this week’s Dreamer, Steven Stack, engineer-turned-financial coach, asked himself in his early twenties. But the gap between a thought and actual results, or a dream and the fulfillment of that dream, is action. So Steven put a plan in motion and became work optional in his early thirties.
In this episode, Steven shares with us his personal story of how he was able to accumulate wealth, and become a debt-free multi-millionaire in his thirties.
Steven is the author of Simple Money Talks. In this episode, he discusses his investment strategies, as well as the obstacles, and lessons learned as a newbie real estate investor who had limited financial resources.
In this episode, Steven Stack discusses:
- Three solid money lessons he learned from his family
- The investing strategies he used to become work optional in his early thirties
- How to become a 9 to 5 millionaire
- Investing mistakes he made early on as a real estate investor
- How he became a debt-free multi-millionaire in his thirties
- Why we need to diversify our investments in different asset classes
- Good Debt vs. Strategic Debt
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Dreamers' Wealth of Wisdom
- I actually believe that love and the pursuit of it is what makes the world go around - Steven Stack
- You're not gonna be able to save your way to wealth. You're gonna have to invest, you're gonna have to take risks. - Steven Stack
- You're earning money right now, but what if you're in a space where you can't generate active income anymore? So if you don't make money in your sleep, you'll work till you die. - Steven Stack
- Go big, because part of why I gave up ultimately so easily in that situation was just because I planned small. - Steven Stack
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