Quote:
Originally Posted by Unregistered
It was quite amusing reading the posts here. I see many just couldn't believe there could be rich people posting here. Of course, you could never tell which of the posts are true. In Sunday Times, an Indian lady was featured sharing her financial investment journey. At aged 41, she and her architect husband have investment properties in several countries. Their average return was reported to be 8% pa. Their target passive income is $250k pa before they will retire. Although she didn't say what the current passive income was, she said it was well on track to reach their goal. I imagined if she had shared her story here, many doubters will immediately cooked up outlandish stories of their own.
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Her salary as a private banker should be at least 300k, more if she is a executive director or MD level. Assuming her husband earns at similar level, total combined salary is at least 600k.
If they spend 250k and invest 350k a year in past 8 years, their pot can grow to around 5mm easily, especially in past few years when there is huge asset inflation on fed, boj, boe, eub massive money printing.
Earning 5% on 5mm is 250k