Well, I bust my arse over here, but I am definitely not a baller in this thread. I am 33. My net worth is around $425k. Have about $125k in my retirement account now and about $250k in real estate equity with my first home now paid off and renting out. I make about $100k/year now but look forward to dropping one of my jobs for the freedom and gaining time back to my life.

I suppose my goal is to be able to use my RE for long-term stability. I have four rentals, one paid off, and the others are a few years into 15-year notes. When those are all paid off, I hope to just live off of that and work a job because I control it and not because I have to.

This post was edited on 1/2/21 at 7:09 pm

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Posted by oneg8rh8r

Port Ludlow, WA

Member since Dec 2003

2712 posts

Posted on 1/2/21 at 7:18 pm to rpg37

I think you misunderstood my stance. 18% is great, rule of 72 says you double your money every 4 yrs, not bad.

That's just not what we are shooting for. We purchased multiple stocks this year that have us up over 500% and some over 800%. We expose ourselves to risk, yes, but we don't need the money we invest to survive. We spend a lot of time analyzing and trying to make educated financial purchases.

Some people play video games, TicToc, etc..... We do a lot of homework and it usually pays off. Sometimes it doesn't and we get burned, but we typically have way more good days than bad ones and the net is way better than 18%.

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Posted by JohnnyKilroy

Cajun Navy Vice Admiral

Member since Oct 2012

35736 posts

Posted on 1/2/21 at 7:19 pm to rpg37

quote:
I am 33. My net worth is around $425k. Have about $125k in my retirement account now and about $250k in real estate equity with my first home now paid off and renting out.

That is really really good. You’re ahead of probably 95% of everyone else and 99.5% of people your age.

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Posted by LSUmajek

Kemah

Member since Dec 2013

548 posts

Posted on 1/3/21 at 8:43 am to rpg37