How I Made 6 Figures In 3 Years, In My Sleep.
And it’s not in my dreams. Even though it once was.
Firstly, 6 figures in 3 years is not a big deal. It's certainly not an overnight success, nor is it unrealistic. The first year is for taking a risk and investing money, time and minimal energy. The second year is being consistent, learning and improving in the process. The 3rd year is seeing the rewards and using that momentum to take bigger risks and make even bigger and better investments. It’s also 3 years of reinvesting 80% of all the money I have been making back into my business.
I am talking about a very reliable avenue that many people have been using for years. Real Estate. More specifically, the kind where you convert a property into a luxury space and list it on Airbnb.
In February 2019, I purchased a 2 bedroom condo near downtown Atlanta. It’s nothing too fancy. Just a neat little townhouse in a gated community. I took a chance and invested all my savings from 2 years of living and working overseas. I bought a 2bed/2.5 bath home; with the hopes of using it to generate more income.
It took a lot of work to get it up and going, but I did. On June 28, 2019, I launched my first Airbnb. And on August 15, 2022, I purchased my second home in South Beach, Miami. (Yes, that’s 2 mortgages. But no worries.)
It still feels unreal………
If you are an entrepreneur outside of medium, you can probably relate when I say making money while you sleep is a game changer. Your confidence level goes even beyond the ego. The kind of confidence that humbles you to your core. You become so much nicer to people. Your mind oscillates at a frequency your previous self wouldn’t comprehend.
Your problems evolve from not having enough money to travel to a foreign country at your leisure to figuring out how to write off expenses and prevent the government from taking half of every cent you earn in taxes.
I don’t like the idea of calling something a side business. It just sounds neglected. It's a business, period. Also, when people tell you to mind the business that pays you, they are not being rude. They are giving you valuable advice.