How to Calculate How Much You Need to Retire
It doesn’t matter how old you are; you need to know how much you need to retire. The sooner you understand this, the better equipped you’ll be to plan your financial roadmap. If you plan to retire at age 35, you’d need a hyper-aggressive investment plan. If you plan to retire at 70 and are already 65, you may need to start considering a conservative investment portfolio. Regardless, you need to learn to calculate your retirement number so you can start working towards that goal. Surprisingly, you can calculate this in just a few simple steps. Read on to learn how!
With $8,200,000 In Debt, When Will I Be Debt Free?
In my previous post where I shared my $10 million FIRE goal by age 40, I mentioned that my investment allocation will be 30% in real estate. That’s $3M of my own cash invested in rental properties, and I fully intend to leverage that $3M as much as possible, leaving me with a whopping $7M of debt! That doesn’t even include my current $1.2M jumbo mortgage for my primary residence, which would have a remaining balance of around $900K by then. That leaves me asking myself, “After voluntarily acquiring $8.2M in debt, how long will it take before I become debt-free?”
6 Reasons Why I Invest In Real Estate to Build Wealth
I know plenty of successful investors who invest entirely in the stock market and in no other asset classes, like real estate. On the other hand, I also know many successful investors (myself included) who have done even better putting their money to work in real estate. Consider the following 6 reasons why I include real estate in my portfolio and why you should consider it too.
Reaching Financial Independence in Silicon Valley With $10,000,000
Financial Independence, Retire Early, AKA the FIRE movement, has become a major theme among millennials this past decade, including myself. Shortly after you start reading about it, you’ll learn that FIRE means different things to different people. In this post, I’ll give my take on what FIRE means to me, why I think it’s important, and how I determined my FIRE number. That is, how much money one needs to reach financial independence and retire early.