Max’s figures
I love the show and most guests seem to explain how they got to whatever their net worth is. However I’m confused on Max’s $1M....let’s ignore how he saved the $150k down payment for the gas station in 4 years (from age 24-28) and only $18k in the first two years of those four(??). He then says that he makes a loss in the first year of owning the gas station (assuming he bought it at 28) and breaks even the second year and he makes $150-160k per year now (given it would seem he has owned it 3 years thats one year of $150-160k). He uses some of that £160k to buy two houses which if generating a combined $2k a month aren’t likely to be high priced. So how is he a millionaire? Did the gas station double in value in 3 years? From the interview I can’t see how he has any more than the $150k down payment in equity, and maybe $150-200k in the residential homes which he said were bought recently so won’t have gone up much, which leaves only the increase in value of the gas station.
Confused this week via Apple Podcasts · Great Britain · 02/08/21
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