The 36-year-old retiree with 3 million in the bank after saving all his debts

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Just 20 years ago, the American Jeremy Schneider he was graduating from university. Today, two decades after finishing his studies, he has already seven years retired. Schneider fulfilled the dream of any worker who aspires to an early retirement – what in the United States is known as Financial independence, early retirement; FIRE, for its acronym in English—when he was only 36 years old.

In 2004, the then newly graduated computer engineer, who turned down a job offer from Windows, With an annual salary of more than 70 thousand euros, he decided to found his own company to try to emulate the economic success after the dotcom boom. That year 2004 he founded RentLinx, an advertising network to make properties for rent visible on the internet. Thanks to a college athletic scholarship and initial financial help from her parents, Schneider was able to start your career as a technological freelancer without the burden of university debt, typical of the American system.

Internet Entrepreneurship

During his first years at the helm of RentLinx, Schneider lived, according to him, from credit cards, with which he managed to cover business and personal debts, while the recently founded technology company took off. Although in 2007 the company was already generating considerable revenues, Schneider maintained a frugal lifestyle, with a tight monthly budget and prioritizing savings. Throughout the following eight years, the computer engineer would maintain a moderate economy, without indulging in unnecessary expenses and, on the contrary, investing the first profits that RentLinx left him.

In 2015, Schneider managed to sell his company after receiving a purchase offer of more than four and a half million euros. Owning 70% of RentLinx, the young Scheneider received a total of approximately two million euroswhich served as the basis for continuing to invest in his stock portfolio.

Today, despite having accepted that he does not need, in monetary terms, to work another day, Schneider is dedicated to share financial advice from an Instagram account which opened in 2019 and where it already has just under half a million followers.

Source: lainformacion.com

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