Michael and Olivia Zuber retired in their 40s, thanks to smart real estate investing. This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
After losing thousands of dollars day-trading, Michael Zuber decided to try real-estate investing.
He and his wife, Olivia, bought their first rental property in Fresno, California, in 2002.
Over the past 20 years, they’ve built a real-estate portfolio that brings in over $100,000 a month.
After graduating from college, Michael and Olivia Zuber thought they were doing everything right.
“We got advanced degrees, we got good jobs, and we put money away in a 401(k),” Michael, 49, told Insider. “And we thought we were supposed to save a little bit extra and put it in the stock market.”
He started day-trading stocks in his 20s. It worked for a couple of years — he turned $7,000 into nearly $200,000, he said — but he lost the majority of his money, about 80%, when the dot-com bubble burst in 2000.
“It was a very eye-opening and disheartening moment,” he recalled. “You go from feeling like you’re able to take care of your family and you’re going to have a good future to realizing that you’re not as smart as you think you are.”Down but not out, Michael decided to explore alternative ways to invest his money. He went to a bookstore to look for investment books and was drawn to ” Rich Dad Poor Dad ” by Robert Kiyosaki. “It stood out on the shelf because it’s purple,” said Michael, who has since read the personal-finance classic more than 10 times.Kiyosaki introduced him to the concept of “having money make money,” he said. “I’d never really had a conversation about how money works — and how the rich get richer by owning […]
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