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I became a multi millionaire this past decade, and I think it's now become even easier to become one. Here are the steps I took: 1. Work remotely 2. Live i
by froaway4job 5y ago
I became a multi millionaire this past decade, and I think it's now become even easier to become one. Here are the steps I took:
1. Work remotely
2. Live in a low cost of living area
3. Work multiple remote jobs (I currently work 4 full time SWE roles)
4. Invest that money (Equities, real estate, side hustles)
5. Rinse and repeat
This pattern has lead me to an 8 figure net worth (primarily in real estate rentals and retirement accounts) and a 7 figure income that doesn't even include passive income such as rentals and dividends in the mid 6 figures.
It took me a decade to achieve that but with remote work growing and inflation increasing it should be achievable in 5-6 now. Will 1 million be worth what it was? Probably not, but you'll never be poor.
- mtmail 5y ago> I currently work 4 full time SWE roles How many hours per week is that?
- froaway4job 5y agoI work around 40-50 hours per week. Most of the teams that I work on are pretty low performing and the actual work involved isn't too bad. I try not to submit anything early when I'm finished.
- uejfiweun 5y agoWould love to do something like this. I am currently working like 10 hours a week at my remote FAANG job and to be honest I'm mostly bored during the day. Were you concerned about any legal liability or anything?