It is not just wealth generation but wealth preservation is even more important.
Quote:
Originally Posted by Unregistered
i would retire already if i were you. no way i will want to work till 60. $15K passive income is very comfortable. can always liquidate some assets if need more money for the kids.
for us (late 30s), a big chunk of net worth is in our freehold landed home ($2.7M). only slightly over $1.2M in financial and other assets, but plan to retire by 50 (move to cheaper home if need be). savings rate around $150K per annum, and agree it's a good idea to start putting some money in annuities.
|