Anton Ivanov is a millionaire, in dollars. And he's 27 years old. So how did he do it?<\/p>\r\n
Ivanov (who shares his insights on the blog Financessful.com) was an ordinary American kid (his parents immigrated to the US in 2002) who didn't make his fortune from a high-tech exit or receiving a large inheritance but in another, much simpler and "ordinary" way: he was greatly influenced by some books he read and decided, already during high school, to do everything he could to become a millionaire. And he succeeded.<\/p>\r\n
Ivanov started working weekends while still in high school and managed to save about $10,000 by the time he graduated. Then, like many American boys, he faced the big dilemma: Should he go to college? After some deliberation, he ultimately decided to join the Navy, a move that earned him a salary of about $55,000 a year while also getting a free education.<\/p>\r\n
From his salary, he managed to save more than $601,000 and decided to invest the money in ETFs that invest in large, mid, and small-cap American stocks, emerging markets, commodities, and bonds. Once a year, he reviews his investments and makes changes, if necessary.<\/p>\r\n
\u00a0He couldn't escape the great crisis of 2008-2009. "I lost a lot of money on paper, but I wasn't thrilled about the declines. In fact, I increased my purchases during that period. It was a clear and easy decision for me," he says.<\/span><\/p>\r\n \u00a0During that time, he also read two books that had a huge impact on him: The Millionaire Real Estate Investor and The Millionaire Next Door. Then, with perfect timing, he too decided to invest in real estate.<\/p>\r\n In 2009, Ivanov invested $80,000 in a building in San Diego for about $400,000, which he rents out for about $36,000 (leaving him with about $12,000 a year after mortgage payments). He now values \u200b\u200bthe building at more than $600,000. He then purchased a duplex for about $430,000, and here too he equates to a net income of about $12,000 a year after mortgage payments.<\/p>\r\n \""I believe in taking informed risks. You need to know what you're investing in, what the risks are, and what might happen if your investment doesn't work out," he says.<\/p>\r\n And even today, after becoming a millionaire two months before turning 27, he manages to save about $601.3 million of his income. "The trick is to automate the whole process. I know in advance what part of my income goes into savings and I stick to it. I have a different approach to life than others - buying expensive accessories doesn't 'do it for me', it doesn't make me happier.".<\/p>","protected":false},"excerpt":{"rendered":"Anton Ivanov was greatly influenced by several books he read and decided, already during high school, to do everything he could to become a millionaire \u2022 What did he do to succeed in the task at the age of 27?","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[2605,7660,4014],"class_list":["post-101467","post","type-post","status-publish","format-standard","hentry","category-4","tag-2605","tag-7660","tag-4014"],"acf":[],"yoast_head":"\n