This 24-year-old first-generation American earns $230,000 per year working three jobs. (via CNBCMakeIt)
series, which profiles people across the U.S. and details how they earn, spend and save their money.
But he's not just interested in his own financial future. As a first-generation American, he's also planning to help his parents, who immigrated from Mexico and met in the West Chicago area, retire comfortably one day. I have to give back to my parents, because they came here as immigrants to give us, their kids, a better life. I would stress it's my duty to give back to them."I want, as fast as I possibly can, to tell them to quit their jobs and not worry about their bills, because I can handle their bills," he says. "Everything I do is pretty much for them.
He has paid off the mortgages on two of the three rental properties he owns , while he put 20% down on the third. Including taxes, maintenance, insurance and the mortgage for his newest property, he spends $1,750 per month for his current real estate portfolio.Saving up the cash to buy the first two properties outright was important to Sanchez. He paid $68,000 for the condo last fall, and split the cost of the $92,000 house with his mother earlier this year.
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