- A father of two kids has shared some advice for retiring as early as 24 years old
- Mike Rosehart successfully achieved “FIRE” or financial independence and retire early
- He had quit his job in 2017 and was able to save 25 times his yearly living expenses
- Mike also shared that he used to prohibit his wife from buying coffee at Starbucks
A father has shared some of his secrets for retiring at a very young age and settling with his family.
KAMI learned that Mike Rosehart, a former IT business analyst, decided to quit his job when he was just 24 years old.
In a report by the Daily Mail UK, now that Mike is 27, he is enjoying his life with his wife Alyse, and their two kids.
Mike shared that he was able to save $760,000 by investing in rental properties, avoiding unnecessary expenses, and profiting from his own wedding.
He said that he came across the idea of retiring in his 20s when he read a book when he was in Ivey Business School in Ontario, Canada.
He worked full-time alongside while finishing college, he rented a cheap room, and he would cycle everywhere just to save money.
After quitting his job in 2017, Mike sold 11 rental properties he purchased. He reportedly made 25 times his yearly living expenses.
Mike encourages everyone to achieve the “FIRE” or financial independence and retire early by “spending less, earning more and maximizing the returns on the difference.”
According to Mike, he would prohibit his wife to spend money on a Starbucks coffee. He said that it took over a year before his wife got on board.
“Every time she bought Starbucks, I said: ‘That cost us two more days away from our kids,’” he shared.
Now, Mike has a Youtube channel where he gives business advice to other people and coaches them on how to achieve financial independence.
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