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How to Retire by 27: Reaching Passive Income Goals in Record Time with Diego Corzo

Retirement sneaks up on you the later on in life you get when you're so tired it's almost hard to enjoy you're newfound freedom. Now just imagine getting the drop on it before you hit your 20s. Free to take all the trips, eat all the foreign cuisine, and be with your family as you heart desires.

Meet Diego Corzo, the man who is positioned to retire before his 30th birthday. Diego and Brad want to talk to us on how we can achieve this goal for ourselves and reach financial freedom. Click below to listen in to this amazing conversation and thanks for coming to our page!

How to Retire by 27: Reaching Passive Income Goals in Record Time with Diego Corzo

 

Time stamped show notes:

[00:09] Introduction to Diego Corzo – passive income creator

[00:45] Goal is to achieve financial freedom by age 27

[2:19] How he reached 11 properties generating cash flow every month

[3:28] His initial goal was to buy one property a year and by age 35 have 10 properties

[3:40] With the help of his mentor and a mastermind group he’s been able to achieve success faster

[4:30] When you go and do something you should do it for equity or knowledge

[5:24] Look at deals as much as possible. Metric: 1% rule [if you buy house for $100k, rent should be at least $1k

[6:55] Got started through house hacking [lived in master bedroom, rented out the other rooms] → mortgage paid by roommates

[7:35] Owner occupant loans

[9:51] You don’t need the resources on hand if you’re resourceful.

[11:31] When he decided to quit it was a calculated risk because the properties were covering his expenses

[12:02] If your bills are paid you can make more abundant mind decisions

[13:27]  Came as a child. Parents overstayed visas and became undocumented. He couldn’t work so had to create a company. Buying a house was harder for him.

[17:32] He learned what financial freedom meant. Had to find a group outside of his social circle.

[20:10] How he met his agent – He offered to help with technology. He then asked him if he could drive him around to see what being an agent would be like.  

[21:05] Decided to partner up with him a couple of years later because of the value he provided him before. 

[21:59] Diego leverages his mentor’s connections. His mentor leverages Diego’s time.  

[24:42] Don’t compare your chapter one to someone else’s chapter ten

[30:08] He would like to leave the world knowing that he helped millennials become financially free

[31:40] It starts with you.

[42:03] When making money is not what’s important, but helping people, you make the most important.

[42:20] Doing well and doing good is not mutually exclusive

Three key points:

  1. When you do something you should do it for equity or knowledge
  2. Don’t compare your chapter one to someone else’s chapter ten
  3. Action starts with you

Resources mentioned:

Adam Carroll – www.adamspeaks.com/

Rich Dad, Poor Dad by Robert Kiyosaki