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An entrepreneur who retired at 36 says his simple investment strategy means he’ll never have to work again
He’s invested in diversified US and international index funds, bond funds that pay dividends annually, and in real estate funds.
By Laila Maidan
Jeremy Schneider never wanted to work for a big company. He graduated from the University of Michigan with a master’s degree in computer science but turned down a job offer from Microsoft as a software engineer.
Instead, he transitioned from being a broke college student to being a broke entrepreneur, trying to get his own company off the ground. He promised himself that if he couldn’t afford health insurance after a year of running the company, he’d give up and get a job.
It took three years for Schneider to be able to fully live off of his company, Rentlinx, an advertising website for rental properties. During those years, he learned to live on a tight budget, drove around in a 16-year-old vehicle, and lived with a number of roommates.
Twelve years later, in 2015, he sold his company, walking away with about $2 million in his pocket at the age of 34. He stayed on with the company for another two years before retiring.
He’s now 40 years old and hasn’t worked full-time since leaving his company…
