And trust me, when you achieve your target of $5m at age 50, you will not want to retire. Wealth is addictive. The more you have, the more you want. It is never enough.
I have seen too many friends gone down this path, achieved their targets, kids started working already, and still they are working in their late 50s, early 60s.
Now at least they can say it is the government that want people to work till 67.
Quote:
Originally Posted by Unregistered
Everyone says they will try, or they will work harder, but do they have a plan? Dreaming and talking are easy.
So what would be your approach / roadmap?
Working hard in the same job with same pay makes no sense. The rich derive their income from a number of sources - investment income, capital gains and lastly wages.
But if you and spouse are both working and are professionals (eg lawyers, accountants or even in engineering field) achieving $5m net worth by 50 is doable. Investing in property will certainly help.
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