Finance

A man who retired at 36 built 3 passive-income streams to ditch his full-time job decades early

Posted On: May 11, 2021   |   Posted By: Business Insider

A man who retired at 36 built 3 passive-income streams to ditch his full-time job decades early

Summary List Placement Michael Quan always had a desire to retire early after watching some of his relatives achieve financial freedom at a young age. After building an IT company and selling it to a private equity firm, he decided to go into early retirement at age 36. He took his earnings and invested them in ways that would continue to generate passive income.
"My daughter was 1 at the time. So I decided, you know, this is a perfect transition to take an early retirement, be really present with my family. And that was a primary motivator, was to really be present with my family and enjoy her younger years at home," Quan told Insider.
He's now 44 years old and has set up his finances to allow him to live off his net worth, continue growing it, and collect passive income. Below, he shares the top three passive-income streams that continue to bring him revenue year after year.
1. His main source of passive income comes from real estate investments
In 2020, Quan earned $59,000 from real estate, making up 78%...

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