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Semi retirement / Planning for the future
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  • THECAPTAINPOWER
Dash Offline
Los Mas Suelto

Posts: 3,246
Joined: Aug 2012
South Korea
Post: #1
Semi retirement / Planning for the future
I have always had a rough plan, but it was time I come up with a concrete plan regarding my future.

The way I see it is I will not be satisfied unless I have 2,000 USD being generated semi passively a month.

With regards to real estate, a conservative estimate on an expected ROI is 10%.

So to get that 2,000 USD a month figure I would need roughly 200-240K USD.

With that in mind one can safely assume to save 30,000 USD a year in the Middle East and parts of Asia. This is very conservative as it is not taking into account raises or money from tutoring.

Putting this all together I can go ahead and plan on it taking me 6-8 years to save 200-240K USD (conservatively)

So I am gonna plan on dicking around for the next 2 years finishing up my travels (Eastern Europe, the rest of Asia, and some Latin America). Then get serious at age 30.

I suggest everyone get a realistic concrete plan or goals and work towards them. Makes life and work more meaning and gives you motivation.
04-27-2014, 07:57 AM
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pygmalion Offline
Banned

Posts: 257
Joined: Jan 2014
Post: #2
RE: Semi retirement / Planning for the future
Yeah, i can see myself doing something similar at 30. Maybe work in China a few years, save a ton of cash, then have several online businesses for passive income and invest in stocks and real estate.

I'd like to get into real estate and learn the in's and out's.

Any tips or websites you'd recommend?
04-27-2014, 11:23 AM
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Dash Offline
Los Mas Suelto

Posts: 3,246
Joined: Aug 2012
South Korea
Post: #3
RE: Semi retirement / Planning for the future
Yea.

This guy wrote the bible on REI

http://www.123flip.com/

Also this is the best forum for REI. Everything you want to know there. It also has a great blog.

http://www.BiggerPockets.com

Nice article here

http://www.biggerpockets.com/renewsblog/...n-dollars/

04-27-2014, 11:25 AM
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