Alright – so today we’ve got the honor of introducing you to Dad Is Fire. We think you’ll enjoy our conversation, we’ve shared it below.
Alright, Dad is FIRE thanks for taking the time to share your stories and insights with us today. We’d love to hear the backstory behind a risk you’ve taken – whether big or small, walk us through what it was like and how it ultimately turned out.
The biggest risk I ever took, didn’t feel like a risk. When I was 21 I walked into a real estate agent’s office and said “I am buying a house today, who wants to sell it to me”. I had $800.
I had researched and studied real estate for several years. I spent a lot of time at the library (this was the 1990s) learning how I could retire early.
None of the agents wanted to talk to me. I was 21, looked 16, and dressed homeless. They had some old man named Elmer assigned to me. A few hours later I made an offer on a house. It was accepted. I then rented the house out until my lease was up.
From there I bought more houses in my early 20s. Instead of $800 down, I put zero down (https://dadisfire.com/buying-a-house-no-money-down/). I had $1M in debt when 2008 slashed real estate values in half. I was making under 50k a year at my job at that time.
But I stuck with it.
Fast forward to 2021. I retired at 42. I am still retired.
Now I share my story on DadisFIRE.com.
As always, we appreciate you sharing your insights and we’ve got a few more questions for you, but before we get to all of that can you take a minute to introduce yourself and give our readers some of your back background and context?
I retired young. I am now active on X (https://x.com/dadisfire), YouTube (https://youtube.com/@dadisfire), and my website DadisFIRE.com.
I am not selling anything. I am trying to pay it forward.
If you are interested in financial freedom and want to hear from someone who actually retired young, and has credentials, then I am worth following.
What’s been the most effective strategy for growing your clientele?
For me, at this stage of my life, my brand has been growing rapidly by just sharing my experiences and knowledge. I know what a lot of people don’t about retiring young and about real estate investing.
Most of the people that write about these things haven’t retired young (you can tell because they are hustling selling things) or they’re early in their real estate journey.
I’m also a Chartered Financial Analyst. Generally people with CFAs would spend time writing online. We get paid too much money to hustle online. Not me, I walked away from working.
Let’s talk M&A – we’d love to hear your about your experience with buying businesses.
Before I retired at 42 I knew I needed to do something with my time. A friend suggested I do something that makes me go to the library. He said if I fail (aka have to go back to work) I can also just invest in real estate again or get hired easily.
At the same time another friend told me he bought a website for $120k that was making $3500 a month with only a hour of work a week. So my wife and I bought a website. (she wasn’t working either).
That site isn’t DadisFIRE.com. I started DadisFIRE.com
Contact Info:
- Website: https://DadisFIRE.com
- Facebook: @DadisFIRE
- Twitter: @DadisFIRE
- Youtube: @DadisFIRE
Image Credits
DadisFIRE.com