Baldwin, now 28, and his wife Angela own six rental properties in the Seattle area and bring in about $460,000 per year in rent. After expenses, including mortgage payments, taxes, insurance and utilities, they keep about $150,000 of that per year.
Serhant also shoveled driveways and started a woodcutting business to make extra cash as a kid. "My parents made it very, very clear to me to understand the value of the dollar," he says, adding that it appears Baldwin's mother did the same thing. Baldwin was raised by a single mom who worked multiple jobs to support her kids.
They also find creative ways to save money. One is "secret shopping," where you're reimbursed for things like dining out, going grocery shopping, seeing a movie and even visiting hotels and casinos after filling out a survey about the experience. They also do "credit card churning," which is when you open up a new credit card, take advantage of the account bonus, pay it off completely and "then rinse-and-repeat with the next card," Baldwin explains.
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