Retire Quickly On One Million Dollars?
Retire Quickly On One Million Dollars?
Real Estate Video tells a story of a million is not enough.
Can you realistically retire quickly with a million dollars?
It’s a dream from 25 years ago. I hope you got that message loud and clear with that video from Balmy down under real estate in Australia.
The story goes like this, a quarter of a century ago baby boomers dreamt of the retirement of their dreams with a million dollars. That million dollar dream stuck as a cliche. It never went away. Today, with that same dream should be bumped up to at least $5Million and depending on location $10Million would be the equivalent.
But then, some very frugal people have moved themselves into far lower cost parts of the world like Panama, Thailand or dozens of other countries (which are now getting much more costly to live in as I write). They call themselves millionaires, but only in that country’s currency and living there with their tax haven status.
So, think about it a little more – Retirement On A Million Dollars? You might want to rethink your Math with real inflation included into it. If you’ve done your math right, to retire quickly or prematurely on one million dollars is a big mistake.
But there is a possibilty of an early “retirement”. That is if you have a residual income included in that one million sum.
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