If I only made double what I make now. Or If I only invested in self storage 5 years I would be rich! How to make $300K and still broke?

By Marc Goodin, CEO of Storage Authority Franchise www.StorageAuthorityFranchise.com

When I was in college, I was looking forward to being rich with a $ 20K/yr income. Soon after I was saying if I only made $40K a year I would be happy and rich. I made $40K/yr and bought a house. Then I remember saying I would be rich if I made $80K a year. Then I made $80K and had a family and you know what I said next.

Well, I finally figured it out at age 50. I needed to make a good six-figure income and work when I wanted to, often 4 - 8 hours a week. But you can be poor at any income if you spend it all. Of course, if you own a self storage, you are lucky because the income keeps coming in every month. And you're building a nice retirement nest egg. income like self storage, you can be set because the money keep coming in every month and grows with inflation.

How to Make $300K and Still Be Broke:

Take-home pay after taxes: $230K Monthly expenses:

• Mortgage:           $7K

• Car payments: $2K

• Student loans:           $3K

• Private school:           $4K

• Food/dining:               $2K

• Shopping:                    $2K

• Travel:                            $1K

Monthly Total = $21/month = 252,000/year

Leftover: negative $22,000

.But what does everyone else see?

• A $1.3M home

• A BMW and a Mercedes

• A high-earning job

.• Kids at "elite" schools.

• Instagram photos galore

.• Luxury vacations.

So many high earners are one missed paycheck from disaster. Always remember: The most stable wealth is built quietly.

A Storage Authority Facility getting recognition from the FL Self Storage Association. Kamal did a great job and never has to work another day if he chooses.

Self Storage allows you to keep your current career and build your wealth quietly.

Send me an email for reading material to help you understand self-storage Development, Operations, and Sales & Marketing Storage Authority.  Marc@StorageAuthority.com  Don’t forget to check out our FAQ’s & Blog on our website for great information.

Cheers,

Marc

Ps here is a great Seminar on self storage construction costs you do not want to miss. Sign up now. Link: Feb. 13th self storage construction webinar

You will learn how to save money and how to avoid expensive change orders

Send me an email for reading material to help you understand self-storage Development, Operations, and Sales & Marketing Storage Authority.  Marc@StorageAuthority.com  Don’t forget to check out our FAQ’s & Blog on our website for great information.