B
rannon Potts, a 53-year-old property manager, credits two books with transforming his financial situation. He says "The Millionaire Next Door" and "Rich Dad Poor Dad" helped him shift his mindset and start investing in real estate. The books encouraged him to change his strategy and focus on acquiring assets rather than liabilities.
Potts expects to expand his real-estate portfolio from 12 doors to 20 within the next five years, at which point he'll feel comfortable retiring early. He's built a solid financial foundation over the past five years by investing in rental properties that earn better returns. However, Potts acknowledges that he made mistakes earlier in life and didn't learn basic personal finance lessons in school.
The books "changed my mentality," Potts said, particularly "The Millionaire Next Door" which reveals common traits among wealthy individuals who live modestly. He also praises "Rich Dad Poor Dad" for teaching him the importance of holding his money accountable and focusing on acquiring assets that generate returns. According to Potts, treating one's money well is key to achieving financial freedom.
Potts' journey to financial stability began in his 40s when he realized the power of time was working against him. He had fallen behind on long-term savings and knew he needed to make a change. The books helped him get back on track, and he now feels confident about his ability to retire early.
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