Michael: ‘Turning $79 into $57 Million Real Estate Investment’
Is your bank account running a little low? On Bold TV and C-Suite, we hear Philip Michael’s story, which will make you feel a tad more hopeful for the future. He moved to New York City with $79, not even in a bank account. He started making $500 a week because he was on a student visa and in the process of getting a green card. But he decided to save up. Once he hit $10,000, he and a partner bought a property for $780,000. The rest is history. Here’s how he struck gold in real estate investing and his advice for all young people who dream of growing their bank account. Figuring out how to handle money can be stressful and intimidating. Many young people see money as a tool to buy things, and Michael says that’s not the right perspective. That’s why he believes real estate is the perfect starting point. This type of investment gives you an investor mindset, where money isn’t something to spend but something you can grow. If you get a $5,000 tax return, your first thought shouldn’t be to throw $3,000 toward a trip or car. You should think that if you put that money to work, it could turn into $10,000. Hear Michael’s top reasons to invest in real estate on Bold TV and C-Suite.
Season 1 Episodes
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