From Working 80 Hours/Week to FI by 30 with a $1.5M Net Worth [Video]

Episode #540

Reaching financial independence and becoming a millionaire before the age of thirty?! While this path requires several years of ruthless saving, smart investing, and unwavering discipline, there’s no reason why YOU can’t enjoy financial freedom and attain the lifestyle you want!

Shortly after graduating from college with over $50,000 in student loans, Franklin Zheng found himself working a grueling, eighty-hour-per-week factory job. Fortunately, it was also around this time that he discovered BiggerPockets and decided to try his hand at real estate investing. He started attending local meetups, where he learned that simply getting in the same room with other investors presented all kinds of opportunities. It wasn’t long before Franklin had found his future investing partner, and in just FIVE years, he has built a cash-flowing real estate portfolio of thirty-eight units, as well as a business that has allowed him to leave his W2 job and travel the world!

In this episode of the “BiggerPockets Money” podcast, you’ll get a glimpse of what it takes to achieve financial independence and amass a one-million-dollar net worth. Make no mistake—it’s not easy. Franklin will be the first to tell you that the last five years have been filled with all kinds of successes, challenges, and failures. But if he can do it, YOU can, too!

Show Notes at:
https://link.chtbl.com/Money
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Books Mentioned in This Episode:
“The Book on Rental Property Investing”: https://store.biggerpockets.com/products/rental-property-investing?utm_source=owned_media
“Long-Distance Real Estate Investing”: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
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Check Out the Top 100 Cash Flow Markets:
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Find a Local Real Estate Meetup:
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Find Answers to Your Real Estate Questions on the BiggerPockets Forums:
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Connect with Franklin on BiggerPockets:
https://www.biggerpockets.com/users/franklinz?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

01:10 The 80-Hour Factory Job

08:17 Real Estate Meetups & Partnerships

16:48 Renting to Attorneys

19:32 Selling the Office Building

23:07 “Unicorn” Rentals & 38 Units!

29:14 Starting the Lending Business

32:47 Leaving His W2 & Traveling the World

36:27 Put in the Work!