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We all need to get ahead in life. If your parents gave you rental properties and dividend accounts, congratulations.
If not, welcome to the world of struggle. To get ahead, we can try it the old-fashioned way. We can try to work more hours, save more pennies, and stop spending entirely.
Another way is to increase our income by house hacking. When we get roommates, we create an incredible revenue stream that eventually sets us free.
Yes, we will deal with tenants. If you do this correctly, you will only need to house hack for 5-7 years—after which, our dividend portfolio can do the heavy lifting for us. What a life!
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