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SVTPerformance's Chain of Restaurants
Road Side Pub
How much money do you estimate it taking for you to never have to work again? Think the lottery.
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<blockquote data-quote="ON D BIT" data-source="post: 16217002" data-attributes="member: 10422"><p>Every $1 million should gross about $100k a year if all is investable. Which is a good income today but not so much in 30 years(think $30/35k today, even with a paid for house $35k is tough in today’s market).</p><p></p><p>One could make $1 million work if you’re multiplying that money every month or quarter, think turning $30-50k profit on every house flip. But then again that’s a job. Haha</p><p></p><p>$2 million would work if you are disciplined. Meaning use half(half of the $200k interest every year) reinvest the other half to combat inflation.</p><p></p><p>$5 million is where I would want to be. Even at 5% return you’re making $250k a year. Again use half reinvest half.</p><p></p><p>$10+ million and up is ideal though. $4/5 million invested fully paid real estate, $5 million in investments turning out close to $500k(10% return) income a year. Live on half reinvest half in 30 years you’d have about $30+ million cash with another $10/15 million in paid for real estate.</p><p>[ATTACH=full]1578752[/ATTACH]</p></blockquote><p></p>
[QUOTE="ON D BIT, post: 16217002, member: 10422"] Every $1 million should gross about $100k a year if all is investable. Which is a good income today but not so much in 30 years(think $30/35k today, even with a paid for house $35k is tough in today’s market). One could make $1 million work if you’re multiplying that money every month or quarter, think turning $30-50k profit on every house flip. But then again that’s a job. Haha $2 million would work if you are disciplined. Meaning use half(half of the $200k interest every year) reinvest the other half to combat inflation. $5 million is where I would want to be. Even at 5% return you’re making $250k a year. Again use half reinvest half. $10+ million and up is ideal though. $4/5 million invested fully paid real estate, $5 million in investments turning out close to $500k(10% return) income a year. Live on half reinvest half in 30 years you’d have about $30+ million cash with another $10/15 million in paid for real estate. [ATTACH=full]1578752[/ATTACH] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
How much money do you estimate it taking for you to never have to work again? Think the lottery.
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