Episode 66 - Invest Early Before You Retire. Real Estate Investor Peter McKenzie Former Firefighter Shares Why He Chose His Business Over Service.

It is becoming more common for first responders to retire early for personal reasons. And for whatever reason, it is for you if you do the same. Our only hope is that before ending the only source of income, you have, you already have something planned for the future. Investing early is one of the best decisions you can make, as we always emphasize on this show. 

In the same way that our guest did. His goal was to focus on his family while also obtaining the financial freedom he had always dreamed of. He retired early and concentrated on his Real Estate business. According to him, he should have done it sooner. This is the topic we will be discussing today.  How our guest did it and how you could do it the same way.

Peter McKenzie served as a fire captain of the Ventura fire department for many years. However, he decided to retire early and start a real estate company. In 2014, he established Rincon Property Management. By maintaining regular communication, fostering strong company values, and curating Ventura County's biggest landlord educational resource, they create an incredible owner and tenant experience. Furthermore, he hosts two podcasts: 'The accidental landlord,' which assists new home business owners along their accidental journey and connects them with the right resources. As well as a ‘Firehouse Roundtable’ where he and his cohost shares stories from their careers in the fire department and the impact it has on their lives. 

Why do you need to listen to today’s episode?

• Take a step back and realize that you will not be at your job forever. It is also important to understand that a pension will not be enough to support your needs as you age.  
• Find out why you should hire a virtual assistant even if you are just starting your business. 
• Get an understanding of multiples and their types. In order to sell the business one day for a better price. 

“I had to learn how to re-enter back into my own family, which sounds absolutely insane. Because it's not like I didn't live there, like, I was just gone.” 
- Peter McKenzie

Today’s Topic: 

1:32 “I grew up in San Diego County. So California Fire Service, I don't know, the rest of the country is it's pretty competitive, pretty hard to get in. So went the EMT route and did some reserved volunteer fire time at a small department down there. We then went to paramedic school, worked on an ambulance for a few years, and then built relationships with the fire department, where I wa