An aerospace engineer discovers the powerful impacts of real estate investing. She leaves her high paying job to pursue her passion and struggles until she reaches a breakthrough and a new life of wealth!
Key Points on An Aerospace Engineer’s Unexpected New Life Of Wealth
- Ali grew up in Georgia with a mindset of: go to school and get a secure job.
- She got a master’s degree in engineering and started to work in a cubicle as an aerospace engineer. She realized right away that a 9-5 job was not for her.
- After reading Rich Dad, Poor Dad, she got very interested in real estate investing, passive income, and long-term wealth. She stayed 5 years in her corporate job while she was slowly building up her real estate business on the side.
- Ali had her first deal in 2011, which was a preconstruction development in Nicaragua. She lost her money with the deal but gained a lot of useful experience.
- Eventually, she was able to leave her job and moved back to her parents in Atlanta from California for a couple of months to save up.
- Ali says, she left her corporate job in 3 phases. Phase 1 was right when she started working and realized this was not for her. Phase 2 was when she started investing. Then Phase 3 was when she had a clear plan of where she wanted her business to go and she was able to leave the W2 job.
- Living in Atlanta didn’t work out for her, so she moved back to California and started full-time entrepreneurship. The first year was very rough financially, she only made around $29k but was happier than ever before.
- In the first 3 years, she was tripling her income every year and eventually reached 6-figures.
- After this, she went back to college and got a master’s degree in spiritual psychology.
- According to Ali, entrepreneurship is always fluid and entrepreneurs have to learn how to adapt and adjust. She had many loops and ups and downs along the way as well.
- In the last 3 years, she started to see that real estate investing is beginning to phase out. However, many people were interested in her personal story, so she started a podcast to help others.
- Ali says that the future is very uncertain now because of the current pandemic, but she would like to build more community and promote her new book.
- Her first book is coming out soon and it’s called “Not Your How-To Guide to Real Estate Investing.”
- Who is your success role model? Robert Kiyosaki and her first mentor.
- What is your biggest success? Being free enough to be able to create a life that really resonates with her.
- What does a typical day look like for you? Every day is different for her. She doesn’t have a structured day because she likes to be spontaneous.
- What’s your favorite quote? “Don't take advice from someone you wouldn’t trade shoes with.”
- What are your hobbies? She likes hiking, snowboarding, skiing, and volunteering.
- What is the best business book you’ve read? Michael E. Gerber – The E Myth
- If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? She recommends using “don't take advice from someone you wouldn’t trade shoes with” as a guideline in every decision.
About our Guest, Ali Boone
“I buy real estate investments. My degree is in aerospace engineering. Turns out, I’m not really an engineer. I row competitively. I am a published conference paper author. Camping, outdoors, the beach, and sunshine make me very happy. I support two incredibly cute Pekingese dogs. I try to play rugby, but I’m constantly reminded I’m too small and I eat healthy (try to) and I love working out. I’d rather work 100 hours in a week on my own schedule than 40 on someone else’s. I fly airplanes. I’m from Atlanta and Miami, but live in Los Angeles. I’ve been trying to learn Spanish since I was 10.”