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re: Do you have a MINIMUM PAYOUT dollar figure?
Posted on 1/8/16 at 2:28 pm to Hawkeye95
Posted on 1/8/16 at 2:28 pm to Hawkeye95
Real estate. 
Or whatever business someone wants to choose and has a passion for, that's fine. But building a multi-million dollar net worth, simply by being being a wage slave, ain't going to happen for most people. As per your example, the contributions and the necessary rates of return are overly lofty.
But with a well thought out and well managed real estate portfolio, you can get there. And you won't have to eat beans and rice four times a week along the way.
Or whatever business someone wants to choose and has a passion for, that's fine. But building a multi-million dollar net worth, simply by being being a wage slave, ain't going to happen for most people. As per your example, the contributions and the necessary rates of return are overly lofty.
But with a well thought out and well managed real estate portfolio, you can get there. And you won't have to eat beans and rice four times a week along the way.
0
Posted on 1/8/16 at 3:33 pm to rintintin
quote:
This line of thought always perplexes me. Having a very short time on this Earth, with each passing day bringing the end closer and closer, and all you can think of spending your time doing is working?
I enjoy many hobbies and other things, but I like my job and don't hesitate to get up and go to work in the morning. I get to work on solving complex problems each and every day, which I thoroughly enjoy. The thought of retiring only to sit around the house majority of the time watching tv, or looking forward to cutting the grass is not something I look forward to. This is what majority of the retired people I know can afford to do, they aren't out there traveling the world, hunting/fishing, or doing other interesting things 6 months per year.
Posted on 1/8/16 at 4:43 pm to GoldenD
quote:
I enjoy many hobbies and other things, but I like my job and don't hesitate to get up and go to work in the morning. I get to work on solving complex problems each and every day, which I thoroughly enjoy. The thought of retiring only to sit around the house majority of the time watching tv, or looking forward to cutting the grass is not something I look forward to. This is what majority of the retired people I know can afford to do, they aren't out there traveling the world, hunting/fishing, or doing other interesting things 6 months per year.
yeah, i plan to retire by 50 and I will not sit around. I will have volunteer gigs and travel extensively. Plus go bird watching, hiking, working out, and really just relaxing.
Posted on 1/8/16 at 6:37 pm to Hawkeye95
quote:
volunteer gigs, bird watching, hiking, working out, and really just relaxing
These things are all great if they interest you since they all cost next to nothing, I tend to enjoy things that cost money.
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