In a nutshell, I'm about to graduate from college at 21 with a great degree and have a job lined up that pays just short of six figures. Things are looking good.
But I don't want to be a software developer for life. In fact, I don't want to be a software developer for any longer than I have to. It's cool and all, but it's not that cool.
With a salary of that magnitude at my age, even after taxes I'm going to have an obscene amount of money available to me. I don't know what to do with it, but I know I want to start investing as soon as possible to turn the money into long-term assets that will let me escape the 40 hour week in less than 20 years.
What are my options here? I'm considering investing in duplexes and multi-family units, and I'm guessing I'll let part of the rent pay off the mortgage while I direct the other rent into buying more property. But while this seems smart initially, I'm not sure where it's going in the long-term. As my rental income increases and my salary increases, more and more money will be available, but if I keep up that pattern all I'll have in 15 years is more apartments than I have time or interest in managing.
What else can I do? What options are there for diversifying assets in a reliable way that won't turn me into nothing more than a semi-professional property manager?