His reasoning reminds me of theSuze Orman spat5 years ago when she argued that nursing homes cost $300k a year. Of course, Suze argued you need a bazillion dollars to retire to pay for a nursing home, while Perkins uses the same argument to push you in the other directi...
but I love to eat. So much somy Cuban friends dubbed me La Yuma Jamaliche. But this whole COVID thing combined with the teetering Cuban economymeans there ain’t enough to go around. Me and almost everyone else is
The reality is, to generate $300,000 a year from your invested capital would take at least $7,500,000 at a 4% rate of return. Therefore, havinga $5 million net worth may not be enough to retire early with kidsin a big city. The family could take on more risk to try and get h...
Not because the house is a great investment, but because the mortgage is a great way to borrow money due to all the government subsidies. Having a mortgage is a great way to short the US dollar because of the long maturity and low rates you can borrow at. I make sure to constantly ta...
Retire Early Enough Is Enough: You Can Always Make More Money, But You Cannot Make More Time ByDividend Mantra Team March 30, 2023 The sands of time. Unfortunately, time is not on our side. Once you’re born, the clock is ticking away and life is slowly coming to a close. That ...
Somebody with low risk tolerance and great resistance to change will need a larger bank account than somebody that goes with the flow and enjoys a bit of excitement. For better or worse, the older we get the less any of these things matter. But for somebody that plans to retire extremely...
Yeah, I know – the idea is that they don’t want you to spend your retirement savings before you retire. But rarely a day goes by that we don’t receive aheart-breaking email from people who have avery legitimateneed for cash, but they couldn’t get what they needed out of their ...
Sure, if you accumulated alarge enough net worththat produces zero income, you could simply draw down principal to fund your lifestyle. Many do. However, this path is riskier and less reliable. Because if your net worth produces no income, then it most likely consists of more volatile asset...
I think my annual income, that would leave me comfortably able to afford more than enough ‘wants’, would need to be around £200k p.a. This is twice the height of the ‘floor’. This sounds like a vast amount relative to the UK national average of around £30k per household. On...
I built a rental in the woods for a friend of mine and charge him just enough to cover taxes and insurance on our land and home ($350/month). Next year it goes to $400, starting in June. This is not a new story by any means. My Dad’s family is from Minnesota. My great ...