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In Australia, a 25-year old man has been working at McDonald’s since the age of 17. He saved all his earnings – AUD500 (approx. HKD3130) per week, and invested in real estate. Now, after just eight years, he is a millionaire who owns ten properties.
Eddie Dilleen was raised in a single-parent family. He lived with his mother in a rental apartment, relying on social aid and subsidies. Hoping to have his own home, he started his research in real estate at the age of 16. When he was 17, he worked in McDonald’s and saved AUD20,000 (approx. HKD125,000) in two years for the down payment.
At 19, Eddie used up his AUD20,000 savings for the down payment of a house at the Central Coast of New South Wales for sale at AUD138,000 (approx. HKD864,000). He rented it out and earned back his down payment in a short period of time. The house now enjoys a threefold increase in value.
After eight years, Eddie now owns ten properties, which are worth over AUD2,000,000 (approx. HKD12,510,000). He still works for 90 hours a week with three jobs, as he aims to own 50 properties. “You have to plan for the next 15 or 20 years of your future, while enjoying the moment,” he said. “Life planning should start as early as the age of 20.”