415: Net Worth Of $1.1M - From Texas Roots to Living Lean in Cali: How Corey Turned Frugal Into Fortune By 30

Summary

In this episode, Corey shares his journey from Texas to California, discussing his financial strategies, real estate investments, and the lessons learned along the way. He has a net worth of $1.1 million mostly in real estate. Corey is in his early 30's. He emphasizes the importance of patience and long-term thinking in achieving financial independence, while also navigating the challenges of living in a high-cost area. Corey reflects on his career progression, the trade-offs of living beneath his means, and his aspirations for the future, including his consulting work and the pursuit of financial flexibility through real estate.

Takeaways

*Corey moved from Texas to California, emphasizing the value of flexibility.
*His net worth is approximately $1.1 million, diversified across cash, real estate, and investments.
*Corey invests primarily in ETFs, avoiding high-risk assets like Bitcoin.
*He started investing right out of college and has shifted his focus to real estate.
*His first real estate investment was a rental property in Arkansas in 2021.
*Corey values living beneath his means to sustain his lifestyle in California.
*He believes in the importance of patience and long-term planning in finance.
*Corey runs a consulting business focused on personal finance education.
*He aims for $80,000 a year in passive income for financial freedom.
*Corey stresses that financial success is achievable through strategic decisions and hard work.