Obviously if you don't have enough to feed yourself in retirement, you should take care of yourself first.
Those posters who talked about monetizing their homes and taking "refuge" in a low cost, low standard of living countries are in not in the same group as those posters who talked about building passive income.
I mean those who can generate upwards of $100k passive income can possibly own holiday homes in other countries. Smelly smelly, to generate $100k passive income at 5% ROI, you will need a base of $2m. Not counting the home you stay in.
Quote:
Originally Posted by Unregistered
Why is everyone building passive income by liquidating assets and running to Malaysia or Thailand.
U get a shitty standard of living and u wanna spend the rest of your life this way?
IMO just spend whatever u have after liquidating, you deserved it Afterall. Don't think about passive income. That's too late for retirement.
If u wanna leave for your offspring, I suggest u don't. Cos u grew up fine without it, so will they.
|