The Village Voice on "Mini-Moguls"
31-year-old Nick Sklavanoukis (pictured) exemplifies the trend of mini-moguldom, according to the Village Voice. (Between 1995 and 2004, the number of people under age 25 owning their own home jumped 59 percent, according to the U.S. Census.) The computer prodigy started stashing his programming earnings under his mattress as a teenager, and after 15 years…
31-year-old Nick Sklavanoukis (pictured) exemplifies the trend of mini-moguldom, according to the Village Voice. (Between 1995 and 2004, the number of people under age 25 owning their own home jumped 59 percent, according to the U.S. Census.) The computer prodigy started stashing his programming earnings under his mattress as a teenager, and after 15 years had saved enough to make a $140,000 down payment on a three-story building in Williamsburg. Though he’s been through the school of hard knocks being a landlord and superintendent/general contractor, he’s confident about his ten-year plan for financial independence. Until then, though, he’s keeping his day job.
I Was a Young RE Mogul [Village Voice]
I think important point to pick up fromt the article – (for those of us who don’t come from families that are going to hand over a down payment and are not in some fast-tract inv. bank or
corp. lawyer big bonus job)
is live below your means and save save save.
So many people I know – had to live in Manhattan
(or these days I guess brownstone Bklyn too) –
take cabs, have cell phones, eat at the trendier places, etc, etc, etc and are still renting and still don’t have downpayments and are close to 50.