Missing

Welcome to reThinkable - my Sunday newsletter where I share actionable money tips, strategies, and resources to help you make smarter money moves.

Read time: 3.5 minutes

Hey friend,

A lot has changed.

You might be wondering why I’ve been missing from your inbox the past few Sundays. Don’t worry, I haven’t been kidnapped by aliens or gone missing in the jungle.

It’s just been a very busy summer. Last month, I spoke on a panel at Creator Economy NYC, helping content creators build profitable businesses.  

But this month, I’ve been preparing for something BIG. And you’re the first to hear about it. Seriously, I haven’t announced this anywhere else (other than the Freedom Investor Accelerator’s Inner Circle).

I bought a house!

It’s the main reason I’ve been MIA. If you’ve ever moved, you know it’s chaos, stress, and sweat all mixed into one.

But Vincent, “why did you buy a house when interest rates are high and prices are insane?” I’ll explain everything in a future video but if you’ve heard anything about NYC, you know rent here is insanely, maybe even criminally, expensive. 

Instead of handing over $3,500+ in rent every month, I decided it was time to put that money toward something I'd actually own.

And I know what you might be thinking: “It must be nice to have rich parents. That’s how you can afford a house in this economy.”

But I didn’t come from money. My parents juggled multiple jobs just to keep us afloat. There was no generational wealth, no financial safety net, no one to help me pay for the down payment. I paid for everything with my own money.

Growing up without money is what pushed me to learn about personal finance early and achieve financial freedom. For me, owning a home was just the next logical step for me in my financial freedom journey.

So how the heck did I buy a house in one of the most expensive cities in the world? I've been strategically planning this for years behind the scenes, with many moving pieces that I'll share in a future newsletter or video. But here are two sneak peeks.

1. House Hacking

I’ve said this many times before, buying a house now is much harder than it was 20, 15, or even 10 years ago. But even when the picture looks bleak, there are still ways to buy a house if you’re willing to think outside the box.

I knew I wanted to own a home, but I didn’t want to feel crushed by massive monthly payments. That’s why I decided to House Hack.

Here’s a simple example: If you buy a 2 unit multi-family house, you can live in 1 unit and rent out the other unit. If the mortgage is $6,000 a month, but the rental brings in $3,500 total, 58% of your mortgage is covered. That means you’d only have to pay $2,500 out of your own pocket for your mortgage.

Sometimes we get stuck thinking there’s only one way to do things. But when you step outside that box, you start to see creative alternatives to level up your finances.

2. Accelerated Compounding

This whole process required very careful financial planning. I had to consider the down payment, closing costs, legal fees, renovations… and lot’s of pineapple pizza to fuel these exhausting days.

One of the main reasons I was able to buy a house at 30 was because I used Accelerated Compounding. It's basically when you compound your investments, income, time, and tax-savings so you get exponential growth from multiple angles working together instead of just relying on one thing alone. It’s my signature investing strategy that I teach in the Freedom Investor Accelerator.

Unfortunately, we don’t currently have any spaces left but If you’re a busy professional who wants to get on the path to financial freedom and grow your investments faster without being glued to the stock market 24/7, join the waitlist here and be the first to know when we open a few more spots.

I’m excited to share that we’ve officially moved into the new house. We still have a lot of unpacking to do but we’re back to our regularly scheduled programming. See ya next Sunday morning :).

To making smarter money moves,

— Vincent Chan

Vincent Chan

Find me on Instagram, TikTok, or YouTube

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