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Who wants to be a ‘Weekend Millionaire?'

Submitted by: John Warner on Apr 07, 2006 at 11:10 pm Tagged with: Entrepreneurial Source:

ASHEVILLE — After being laid off from his $80 a week factory job in 1967, Mike Summey took his $300 severance and began a career as an entrepreneur and real estate investor that fulfilled a goal he set for himself at that time: to become a millionaire by age 30 and retire by age 50.

Now 60, Summey lives on a 25-acre retreat in Leicester and enjoys a seven-figure annual income from the several hundred properties he owns in Western North Carolina and Upstate South Carolina.

Summey said he bought his first investment property in 1972 and has never sold one.

Rest at the Asheville Citizens Times