Cory Still (pictured), from Varsity Lakes in Queensland, saved $85,000 through his hard work as a boxer, removalist and barista
A teenager who dropped out of high school half way through Year 11 has bought his first investment property.
Cory Still, from Varsity Lakes in Queensland, saved $85,000 through his hard work as a boxer, removalist and barista and budgeting.
The 18-year-old worked 45 to 50 hours per week and put away 70 per cent of his wage for the $500,000 two-storey townhouse.
He told The Gold Coast Bulletin: ‘I figured to let someone pay off my mortgage (by investing) while I was saving up for my second property was a good idea.
‘I’m looking at the bigger picture.’
Mr Still shared an image of his new investment on social media last month.
The caption accompanying the image read: ‘I am so lucky to have such a supportive family giving me the opportunity to leave school to work and pointing me in the right direction and giving me the advice to make this possible.
‘Time to follow my sister’s footsteps and keep working hard and saving for my second property!’
Mr Still’s sister, Amy, purchased her first investment property at just 20 years old in 2016.
While his family were a big support, helping him get work and their son living at home, Mr Still earned every single bit of money he saved.
He intends to have the home (pictured) as an investment property, renting it for $580 per week
Mr Still’s sister, Amy, purchased her first investment property at just 20 years old in 2016
The 18-year-old is already getting to work on saving for a second investment property
He said he was expecting to rent his property, to the right people, for $580 a week.
Mr Still admitted that he did have to make some sacrifices in order to make the move to buy his investment property but it was worth it.
He told the publication: ‘The advice I would give (to other young people) is to work hard for what you want, even if it involves sacrifices. In the long run it will pay off.’